Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.91% | -0.27 | 1.18% |
| Return on Equity (%) | ▼ | 10.64% | -3.99 | 14.63% |
| Net Interest Margin (%) | ▼ | 6.91% | -0.05 | 6.95% |
| Efficiency Ratio (%) | ▲ | 72.24% | -1.16 | 73.39% |
| Pre-Provision Profit ($M) | ▲ | $18 | +2.72 | $15 |
| Cost of Funds (%) | ▲ | 1.96% | -0.30 | 2.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,714 | +296.12 | $3,418 |
| Gross Loans ($M) | ▲ | $2,635 | +199.75 | $2,435 |
| Loan Growth YoY (%) | ▼ | 79.86% | -0.55 | 80.41% |
| Total Deposits ($M) | ▲ | $3,237 | +269.47 | $2,967 |
| Shareholders Equity ($M) | ▲ | $315 | +36.01 | $279 |
| Tang. Book Value ($M) | ▲ | $305 | +44.80 | $260 |
| TBV excl. AOCI ($M)** | ▲ | $342 | +46.67 | $295 |
| Loan / Deposit Ratio (%) | ▼ | 79.86% | -0.55 | 80.41% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.32% | -0.43 | 1.75% |
| Allowance / Loans (%) | — | 1.91% | -0.12% | 2.03% |
| Net Charge-Off Ratio (%) | ▲ | 1.74% | -0.71 | 2.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.21% | +1.84 | 10.37% |
Noninterest income ($11.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▂▅▇▇▁ | Net Interest Margin (%) | 7.25% | 7.23% | 7.21% | 6.95% | 7.09% | 7.19% | 7.19% | 6.91% |
| ▂▃▁███▇▆ | Return on Assets (%) | 0.40% | 0.54% | 0.23% | 1.18% | 1.30% | 1.23% | 1.15% | 0.91% |
| ▆██▇▃▁▃▅ | Efficiency Ratio (%) | 72.9% | 74.0% | 73.6% | 73.4% | 71.3% | 70.1% | 71.2% | 72.2% |
| ▆█▇▆▅▆▂▁ | Cost of Funds (%) | 2.23% | 2.39% | 2.30% | 2.26% | 2.19% | 2.23% | 2.05% | 1.96% |
| ▄█▅▆▅▂▁▃ | NPA / Assets (%) | 1.53% | 2.09% | 1.59% | 1.75% | 1.65% | 1.28% | 1.03% | 1.32% |
| ▄█▅▆▅▂▁▂ | Net Charge-Off Ratio (%) | 2.06% | 2.86% | 2.21% | 2.45% | 2.31% | 1.75% | 1.38% | 1.74% |
| ▁▃▁▂▄▆██ | Tang. Book Value ($M) | $252 | $268 | $256 | $260 | $275 | $288 | $299 | $305 |
| ▁▁▁▂▅▆▇█ | Gross Loans ($M) | $2,424 | $2,406 | $2,407 | $2,435 | $2,534 | $2,554 | $2,582 | $2,635 |
| ▁▁▂▃▅▅▇█ | Total Deposits ($M) | $2,880 | $2,849 | $2,929 | $2,967 | $3,084 | $3,048 | $3,152 | $3,237 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 53% |
| C&I / Commercial | 36% |
| Consumer | 1% |
| Other | 10% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 8% |