Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.57% | +0.15 | 1.42% |
| Return on Equity (%) | ▲ | 13.72% | +0.02 | 13.70% |
| Net Interest Margin (%) | ▲ | 4.21% | +0.23 | 3.98% |
| Efficiency Ratio (%) | ▲ | 57.99% | -1.03 | 59.01% |
| Pre-Provision Profit ($M) | ▲ | $23 | +2.92 | $20 |
| Cost of Funds (%) | ▲ | 1.14% | -0.28 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,531 | +179.64 | $4,351 |
| Gross Loans ($M) | ▼ | $2,803 | -59.84 | $2,863 |
| Loan Growth YoY (%) | ▼ | 69.64% | -3.59 | 73.24% |
| Total Deposits ($M) | ▲ | $3,975 | +115.09 | $3,860 |
| Shareholders Equity ($M) | ▲ | $520 | +64.42 | $455 |
| Tang. Book Value ($M) | ▲ | $486 | +64.15 | $421 |
| TBV excl. AOCI ($M)** | ▲ | $518 | +61.77 | $456 |
| Loan / Deposit Ratio (%) | ▼ | 69.64% | -3.59 | 73.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.58% | +0.34 | 0.23% |
| Allowance / Loans (%) | — | 1.22% | -0.02% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 0.87% | +0.52 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.28% | +2.15 | 15.13% |
Noninterest income ($11.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▃▄▆▇▇█ | Net Interest Margin (%) | 3.74% | 3.78% | 3.89% | 3.98% | 4.07% | 4.13% | 4.15% | 4.21% |
| ▁▁▄▄█▄▇█ | Return on Assets (%) | 1.31% | 1.30% | 1.42% | 1.42% | 1.55% | 1.43% | 1.50% | 1.57% |
| ██▃▅▂▃▁▃ | Efficiency Ratio (%) | 60.5% | 60.1% | 58.1% | 59.0% | 57.5% | 58.2% | 57.1% | 58.0% |
| ▇██▅▄▃▂▁ | Cost of Funds (%) | 1.59% | 1.66% | 1.61% | 1.42% | 1.37% | 1.33% | 1.25% | 1.14% |
| ▁▁▂▁▅███ | NPA / Assets (%) | 0.20% | 0.20% | 0.29% | 0.23% | 0.43% | 0.57% | 0.55% | 0.58% |
| ▁▁▃▁▅███ | Net Charge-Off Ratio (%) | 0.29% | 0.30% | 0.44% | 0.34% | 0.60% | 0.85% | 0.84% | 0.87% |
| ▁▁▁▃▄▆▇█ | Tang. Book Value ($M) | $405 | $395 | $406 | $421 | $435 | $452 | $472 | $486 |
| ▅▆▅█▇▁▁▄ | Gross Loans ($M) | $2,818 | $2,836 | $2,825 | $2,863 | $2,845 | $2,771 | $2,765 | $2,803 |
| ▁▄▅▆▄▅▇█ | Total Deposits ($M) | $3,643 | $3,778 | $3,818 | $3,860 | $3,803 | $3,817 | $3,901 | $3,975 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 12% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 30% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 5% |