Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.91% | +0.22 | 1.69% |
| Return on Equity (%) | ▲ | 13.28% | +0.81 | 12.47% |
| Net Interest Margin (%) | ▲ | 4.41% | +0.21 | 4.21% |
| Efficiency Ratio (%) | ▲ | 44.49% | -2.95 | 47.44% |
| Pre-Provision Profit ($M) | ▲ | $22 | +2.91 | $19 |
| Cost of Funds (%) | ▲ | 1.35% | -0.19 | 1.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,329 | +85.19 | $3,244 |
| Gross Loans ($M) | ▲ | $2,700 | +138.50 | $2,561 |
| Loan Growth YoY (%) | ▲ | 97.40% | +3.68 | 93.72% |
| Total Deposits ($M) | ▲ | $2,738 | +37.22 | $2,701 |
| Shareholders Equity ($M) | ▲ | $481 | +43.72 | $437 |
| Tang. Book Value ($M) | ▲ | $409 | +44.03 | $365 |
| TBV excl. AOCI ($M)** | ▲ | $422 | +43.35 | $379 |
| Loan / Deposit Ratio (%) | ▲ | 97.40% | +3.68 | 93.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.32% | +0.10 | 0.22% |
| Allowance / Loans (%) | — | 1.22% | 0.05% | 1.18% |
| Net Charge-Off Ratio (%) | ▼ | 0.35% | +0.17 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.54% | +1.00 | 12.54% |
Noninterest income ($5.44M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▆▇█ | Net Interest Margin (%) | 4.02% | 4.10% | 4.14% | 4.21% | 4.23% | 4.31% | 4.34% | 4.41% |
| ▁▃▁▃▄▆▄█ | Return on Assets (%) | 1.61% | 1.69% | 1.58% | 1.69% | 1.73% | 1.79% | 1.72% | 1.91% |
| ▇▆█▃▃▂▇▁ | Efficiency Ratio (%) | 50.7% | 49.8% | 52.7% | 47.4% | 46.8% | 46.4% | 50.9% | 44.5% |
| ▇█▆▅▆▆▂▁ | Cost of Funds (%) | 1.63% | 1.70% | 1.57% | 1.54% | 1.58% | 1.61% | 1.41% | 1.35% |
| ▁▂▄▃▂▅▅█ | NPA / Assets (%) | 0.16% | 0.18% | 0.24% | 0.22% | 0.19% | 0.25% | 0.24% | 0.32% |
| ▄▁▄▄▃▆▆█ | Net Charge-Off Ratio (%) | 0.19% | 0.07% | 0.20% | 0.18% | 0.16% | 0.25% | 0.26% | 0.35% |
| ▁▂▃▃▅▆██ | Tang. Book Value ($M) | $339 | $350 | $360 | $365 | $381 | $391 | $404 | $409 |
| ▂▁▁▂▇▆██ | Gross Loans ($M) | $2,551 | $2,517 | $2,531 | $2,561 | $2,698 | $2,662 | $2,724 | $2,700 |
| ▁▅▄▇▆███ | Total Deposits ($M) | $2,459 | $2,635 | $2,599 | $2,701 | $2,660 | $2,773 | $2,741 | $2,738 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 25% |
| Consumer | 1% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 6% |