Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.39% | +0.22 | 1.16% |
| Return on Equity (%) | ▲ | 12.50% | +1.56 | 10.94% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.29 | 3.21% |
| Efficiency Ratio (%) | ▲ | 66.29% | -4.43 | 70.71% |
| Pre-Provision Profit ($M) | ▲ | $16 | +3.49 | $12 |
| Cost of Funds (%) | ▲ | 2.00% | -0.34 | 2.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,148 | +235.10 | $3,913 |
| Gross Loans ($M) | ▲ | $3,215 | +135.25 | $3,080 |
| Loan Growth YoY (%) | ▼ | 89.93% | -0.93 | 90.86% |
| Total Deposits ($M) | ▲ | $3,544 | +183.16 | $3,361 |
| Shareholders Equity ($M) | ▲ | $464 | +49.91 | $414 |
| Tang. Book Value ($M) | ▲ | $432 | +51.94 | $380 |
| TBV excl. AOCI ($M)** | ▲ | $457 | +52.90 | $404 |
| Loan / Deposit Ratio (%) | ▼ | 89.93% | -0.93 | 90.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.96% | +0.69 | 1.27% |
| Allowance / Loans (%) | — | 0.88% | 0.02% | 0.86% |
| Net Charge-Off Ratio (%) | ▼ | 2.50% | +0.93 | 1.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.70% | +1.19 | 13.51% |
Noninterest income ($11.82M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▇▇█ | Net Interest Margin (%) | 2.98% | 2.96% | 3.03% | 3.21% | 3.28% | 3.36% | 3.43% | 3.50% |
| ▁▂▁▆▄▄▆█ | Return on Assets (%) | 0.74% | 0.80% | 0.71% | 1.16% | 0.96% | 1.03% | 1.19% | 1.39% |
| ▇▇█▄▅▄▃▁ | Efficiency Ratio (%) | 75.0% | 75.3% | 77.0% | 70.7% | 72.0% | 71.3% | 69.7% | 66.3% |
| ██▆▄▄▅▂▁ | Cost of Funds (%) | 2.82% | 2.79% | 2.59% | 2.33% | 2.33% | 2.42% | 2.17% | 2.00% |
| ▂▁▃▂▅▅▇█ | NPA / Assets (%) | 1.30% | 1.16% | 1.46% | 1.27% | 1.64% | 1.66% | 1.78% | 1.96% |
| ▂▁▃▂▅▅▇█ | Net Charge-Off Ratio (%) | 1.68% | 1.42% | 1.80% | 1.58% | 2.07% | 2.03% | 2.27% | 2.50% |
| ▁▁▁▂▃▄▇█ | Tang. Book Value ($M) | $366 | $367 | $368 | $380 | $386 | $398 | $418 | $432 |
| ▁▆▄▆████ | Gross Loans ($M) | $2,807 | $3,069 | $2,999 | $3,080 | $3,172 | $3,166 | $3,182 | $3,215 |
| ▁▂▃▆▇▆██ | Total Deposits ($M) | $2,998 | $3,125 | $3,201 | $3,361 | $3,471 | $3,346 | $3,503 | $3,544 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 29% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 6% |