Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.27% | +5.05 | -3.78% |
| Return on Equity (%) | ▲ | 16.90% | +78.62 | -61.72% |
| Net Interest Margin (%) | ▲ | 3.62% | +0.44 | 3.18% |
| Efficiency Ratio (%) | ▲ | 60.29% | -3.83 | 64.12% |
| Pre-Provision Profit ($M) | ▲ | $37 | +7.43 | $30 |
| Cost of Funds (%) | ▲ | 0.61% | -0.41 | 1.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $9,043 | -120.05 | $9,163 |
| Gross Loans ($M) | ▲ | $6,148 | +74.55 | $6,073 |
| Loan Growth YoY (%) | ▲ | 73.92% | +1.00 | 72.92% |
| Total Deposits ($M) | ▼ | $8,237 | -2.22 | $8,240 |
| Shareholders Equity ($M) | ▲ | $681 | +97.50 | $584 |
| Tang. Book Value ($M) | ▲ | $675 | +98.43 | $577 |
| TBV excl. AOCI ($M)** | ▲ | $777 | +106.77 | $670 |
| Loan / Deposit Ratio (%) | ▲ | 73.92% | +1.00 | 72.92% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.01 | 0.15% |
| Allowance / Loans (%) | — | 0.95% | -0.11% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.20% | -0.02 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.49% | +1.16 | 12.33% |
Noninterest income ($20.10M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▆▇█ | Net Interest Margin (%) | 2.91% | 2.93% | 2.93% | 3.18% | 3.33% | 3.41% | 3.46% | 3.62% |
| ▆▆▇▁▄▆▆█ | Return on Assets (%) | -0.53% | -0.09% | 0.13% | -3.78% | -1.35% | -0.61% | -0.34% | 1.27% |
| ███▃▂▅█▁ | Efficiency Ratio (%) | 70.2% | 70.2% | 70.6% | 64.1% | 61.9% | 66.8% | 71.5% | 60.3% |
| ███▇▃▂▁▁ | Cost of Funds (%) | 1.06% | 1.10% | 1.06% | 1.02% | 0.75% | 0.70% | 0.65% | 0.61% |
| █▆▆▁▂▁█▁ | NPA / Assets (%) | 0.34% | 0.28% | 0.27% | 0.15% | 0.16% | 0.13% | 0.32% | 0.13% |
| █▆▆▁▂▁▇▁ | Net Charge-Off Ratio (%) | 0.53% | 0.42% | 0.41% | 0.22% | 0.23% | 0.19% | 0.47% | 0.20% |
| ▁▃▃▄▆▇██ | Tang. Book Value ($M) | $490 | $549 | $539 | $577 | $610 | $638 | $663 | $675 |
| ▁▁▆▃▅▄▄█ | Gross Loans ($M) | $6,044 | $6,040 | $6,121 | $6,073 | $6,097 | $6,092 | $6,088 | $6,148 |
| ▄▂▃█▂▁▇█ | Total Deposits ($M) | $8,091 | $8,044 | $8,077 | $8,240 | $8,051 | $7,997 | $8,180 | $8,237 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 9% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 2% |