Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.27% | +0.04 | 1.23% |
| Return on Equity (%) | ▲ | 14.21% | +0.67 | 13.54% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.08 | 3.62% |
| Efficiency Ratio (%) | ▼ | 63.71% | +2.75 | 60.96% |
| Pre-Provision Profit ($M) | ▼ | $22 | -0.04 | $22 |
| Cost of Funds (%) | ▲ | 1.34% | -0.27 | 1.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,551 | +230.12 | $5,321 |
| Gross Loans ($M) | ▲ | $4,331 | +245.73 | $4,085 |
| Loan Growth YoY (%) | ▲ | 86.32% | +0.75 | 85.57% |
| Total Deposits ($M) | ▲ | $4,943 | +239.42 | $4,704 |
| Shareholders Equity ($M) | ▲ | $498 | +10.24 | $487 |
| Tang. Book Value ($M) | ▲ | $436 | +10.66 | $426 |
| TBV excl. AOCI ($M)** | ▲ | $475 | +6.49 | $469 |
| Loan / Deposit Ratio (%) | ▲ | 86.32% | +0.75 | 85.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.69% | +0.51 | 0.18% |
| Allowance / Loans (%) | — | 1.47% | 0.00% | 1.47% |
| Net Charge-Off Ratio (%) | ▼ | 0.87% | +0.65 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.43% | -0.50 | 11.93% |
Noninterest income ($11.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▆▇▇▇█ | Net Interest Margin (%) | 3.43% | 3.46% | 3.49% | 3.62% | 3.64% | 3.66% | 3.67% | 3.70% |
| █▄▆▁▃▅▆▃ | Return on Assets (%) | 1.39% | 1.30% | 1.34% | 1.23% | 1.28% | 1.31% | 1.33% | 1.27% |
| ▂▃▂▄▂▁▁█ | Efficiency Ratio (%) | 60.3% | 60.6% | 59.8% | 61.0% | 60.2% | 59.2% | 59.6% | 63.7% |
| ▇█▆▄▃▄▃▁ | Cost of Funds (%) | 1.82% | 1.94% | 1.74% | 1.61% | 1.56% | 1.64% | 1.50% | 1.34% |
| ▁▁▁▁▂▅▇█ | NPA / Assets (%) | 0.13% | 0.15% | 0.16% | 0.18% | 0.20% | 0.42% | 0.62% | 0.69% |
| ▁▁▁▁▂▅▇█ | Net Charge-Off Ratio (%) | 0.15% | 0.18% | 0.19% | 0.22% | 0.25% | 0.54% | 0.77% | 0.87% |
| ▁▄▃▇█▆██ | Tang. Book Value ($M) | $381 | $407 | $402 | $426 | $431 | $420 | $430 | $436 |
| ▁▂▄▄▆▆██ | Gross Loans ($M) | $3,870 | $3,959 | $4,051 | $4,085 | $4,179 | $4,213 | $4,289 | $4,331 |
| ▁▁▂▁▂█▅█ | Total Deposits ($M) | $4,685 | $4,692 | $4,717 | $4,704 | $4,733 | $4,920 | $4,819 | $4,943 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 74% |
| C&I / Commercial | 14% |
| Consumer | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 6% |