Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.15 | 1.07% |
| Return on Equity (%) | ▲ | 11.93% | +0.81 | 11.12% |
| Net Interest Margin (%) | ▲ | 3.21% | +0.05 | 3.16% |
| Efficiency Ratio (%) | ▲ | 65.91% | -1.79 | 67.71% |
| Pre-Provision Profit ($M) | ▲ | $16 | +2.38 | $14 |
| Cost of Funds (%) | ▲ | 1.54% | -0.18 | 1.72% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,383 | +408.15 | $3,975 |
| Gross Loans ($M) | ▲ | $1,367 | +114.44 | $1,253 |
| Loan Growth YoY (%) | ▼ | 39.23% | -0.21 | 39.44% |
| Total Deposits ($M) | ▲ | $3,457 | +304.16 | $3,153 |
| Shareholders Equity ($M) | ▲ | $444 | +59.29 | $384 |
| Tang. Book Value ($M) | ▲ | $257 | +65.93 | $191 |
| TBV excl. AOCI ($M)** | ▲ | $382 | +77.07 | $305 |
| Loan / Deposit Ratio (%) | ▼ | 39.23% | -0.21 | 39.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.03% | -0.16 | 1.19% |
| Allowance / Loans (%) | — | 0.79% | 0.07% | 0.72% |
| Net Charge-Off Ratio (%) | ▲ | 3.29% | -0.50 | 3.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 21.03% | -0.23 | 21.27% |
Noninterest income ($16.03M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃██▃██▁█ | Net Interest Margin (%) | 3.16% | 3.21% | 3.21% | 3.16% | 3.22% | 3.22% | 3.14% | 3.21% |
| ▅▆▅▇▆▇▁█ | Return on Assets (%) | 0.91% | 0.98% | 0.97% | 1.07% | 1.02% | 1.07% | 0.58% | 1.22% |
| █▆▇▃▄▂▅▁ | Efficiency Ratio (%) | 71.9% | 69.9% | 71.0% | 67.7% | 68.4% | 67.4% | 69.0% | 65.9% |
| ▆█▆▂▃▃▃▁ | Cost of Funds (%) | 2.15% | 2.36% | 2.07% | 1.72% | 1.82% | 1.84% | 1.77% | 1.54% |
| ▃▅▆▆▁█▂▂ | NPA / Assets (%) | 1.09% | 1.15% | 1.22% | 1.19% | 0.96% | 1.32% | 1.03% | 1.03% |
| ▃▄▅▆▁█▂▃ | Net Charge-Off Ratio (%) | 3.32% | 3.52% | 3.68% | 3.79% | 2.94% | 4.12% | 3.18% | 3.29% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $134 | $180 | $169 | $191 | $209 | $244 | $263 | $257 |
| █▃▁▁█▅██ | Gross Loans ($M) | $1,373 | $1,286 | $1,256 | $1,253 | $1,370 | $1,318 | $1,382 | $1,367 |
| █▂▄▁▂▁▂▇ | Total Deposits ($M) | $3,530 | $3,238 | $3,335 | $3,153 | $3,210 | $3,187 | $3,205 | $3,457 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 11% |
| Consumer | 6% |
| Other | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 28% |