Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.59% | +0.34 | 1.26% |
| Return on Equity (%) | ▲ | 14.25% | +2.34 | 11.91% |
| Net Interest Margin (%) | ▼ | 4.02% | -0.13 | 4.15% |
| Efficiency Ratio (%) | ▲ | 48.97% | -3.33 | 52.30% |
| Pre-Provision Profit ($M) | ▲ | $32 | +3.89 | $28 |
| Cost of Funds (%) | ▲ | 2.97% | -0.34 | 3.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,731 | +305.47 | $5,426 |
| Gross Loans ($M) | ▲ | $3,832 | +140.11 | $3,692 |
| Loan Growth YoY (%) | ▼ | 75.95% | -0.58 | 76.52% |
| Total Deposits ($M) | ▲ | $4,976 | +226.09 | $4,749 |
| Shareholders Equity ($M) | ▲ | $644 | +61.26 | $582 |
| Tang. Book Value ($M) | ▲ | $579 | +56.44 | $522 |
| TBV excl. AOCI ($M)** | ▲ | $638 | +61.73 | $576 |
| Loan / Deposit Ratio (%) | ▼ | 75.95% | -0.58 | 76.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 3.50% | -1.65 | 5.15% |
| Allowance / Loans (%) | — | 1.39% | -0.16% | 1.55% |
| Net Charge-Off Ratio (%) | ▲ | 3.54% | -2.71 | 6.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.68% | +0.69 | 11.98% |
Noninterest income ($8.49M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▂▃▃▂▁ | Net Interest Margin (%) | 4.94% | 4.89% | 4.65% | 4.15% | 4.34% | 4.29% | 4.21% | 4.02% |
| █▅▁▁▁▁▂▄ | Return on Assets (%) | 2.09% | 1.74% | 1.25% | 1.26% | 1.27% | 1.31% | 1.43% | 1.59% |
| ▁▄▃███▇▅ | Efficiency Ratio (%) | 40.9% | 46.0% | 44.4% | 52.3% | 52.9% | 53.9% | 51.2% | 49.0% |
| ▇█▆▅▃▄▁▁ | Cost of Funds (%) | 3.51% | 3.61% | 3.38% | 3.31% | 3.17% | 3.22% | 2.93% | 2.97% |
| ▁▁██▇▄▂▂ | NPA / Assets (%) | 3.37% | 3.10% | 5.42% | 5.15% | 4.89% | 4.12% | 3.47% | 3.50% |
| ▃▂█▇▄▂▁▁ | Net Charge-Off Ratio (%) | 4.31% | 4.02% | 6.67% | 6.25% | 4.79% | 3.92% | 3.42% | 3.54% |
| ▁▄▁▃▅▆██ | Tang. Book Value ($M) | $503 | $537 | $498 | $522 | $541 | $559 | $578 | $579 |
| ▁▁▃▃▄▃█▆ | Gross Loans ($M) | $3,561 | $3,605 | $3,662 | $3,692 | $3,738 | $3,653 | $3,924 | $3,832 |
| ▁▂▄▅▆▅██ | Total Deposits ($M) | $4,490 | $4,570 | $4,740 | $4,749 | $4,812 | $4,761 | $4,994 | $4,976 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 72% |
| C&I / Commercial | 28% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 32% |