Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.54% | +0.19 | 0.35% |
| Return on Equity (%) | ▲ | 5.74% | +1.86 | 3.88% |
| Net Interest Margin (%) | ▲ | 2.25% | +0.32 | 1.92% |
| Efficiency Ratio (%) | ▲ | 70.60% | -7.07 | 77.68% |
| Pre-Provision Profit ($M) | ▲ | $13 | +4.71 | $8 |
| Cost of Funds (%) | ▲ | 2.12% | -0.24 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $7,592 | -129.21 | $7,721 |
| Gross Loans ($M) | ▼ | $5,791 | -61.00 | $5,852 |
| Loan Growth YoY (%) | ▼ | 99.84% | -1.38 | 101.22% |
| Total Deposits ($M) | ▲ | $5,756 | +17.98 | $5,738 |
| Shareholders Equity ($M) | ▲ | $719 | +15.82 | $703 |
| Tang. Book Value ($M) | ▲ | $605 | +16.31 | $588 |
| TBV excl. AOCI ($M)** | ▲ | $659 | +14.59 | $645 |
| Loan / Deposit Ratio (%) | ▼ | 99.84% | -1.38 | 101.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.69% | +0.20 | 0.49% |
| Allowance / Loans (%) | — | 0.77% | 0.01% | 0.76% |
| Net Charge-Off Ratio (%) | ▼ | 0.90% | +0.26 | 0.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.70% | +0.13 | 13.57% |
Noninterest income ($6.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▅█ | Net Interest Margin (%) | 1.91% | 1.88% | 1.87% | 1.92% | 1.97% | 2.03% | 2.07% | 2.25% |
| ▁▃▄█████ | Return on Assets (%) | -2.12% | -1.31% | -0.90% | 0.35% | 0.35% | 0.40% | 0.43% | 0.54% |
| ▄▆▇█▇▅▄▁ | Efficiency Ratio (%) | 74.0% | 75.6% | 76.2% | 77.7% | 76.0% | 74.4% | 73.4% | 70.6% |
| ██▇▄▄▄▃▁ | Cost of Funds (%) | 2.61% | 2.64% | 2.55% | 2.36% | 2.32% | 2.36% | 2.26% | 2.12% |
| ▁▁▁▁▃█▅▅ | NPA / Assets (%) | 0.52% | 0.51% | 0.49% | 0.49% | 0.59% | 0.85% | 0.67% | 0.69% |
| ▁▁▁▁▃█▅▅ | Net Charge-Off Ratio (%) | 0.69% | 0.69% | 0.65% | 0.64% | 0.78% | 1.12% | 0.89% | 0.90% |
| ▁▃▁▂▂▆▇█ | Tang. Book Value ($M) | $583 | $588 | $584 | $588 | $588 | $597 | $600 | $605 |
| ▁▄▅█▆▃▂▄ | Gross Loans ($M) | $5,739 | $5,793 | $5,797 | $5,852 | $5,819 | $5,774 | $5,762 | $5,791 |
| ▁▅███▇██ | Total Deposits ($M) | $5,197 | $5,502 | $5,701 | $5,738 | $5,703 | $5,655 | $5,736 | $5,756 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 17% |