Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.82% | -0.23 | 2.06% |
| Return on Equity (%) | ▼ | 17.23% | -3.19 | 20.42% |
| Net Interest Margin (%) | ▼ | 3.84% | -0.21 | 4.05% |
| Efficiency Ratio (%) | ▼ | 42.41% | +4.13 | 38.28% |
| Pre-Provision Profit ($M) | ▼ | $36 | -4.98 | $41 |
| Cost of Funds (%) | ▲ | 0.23% | -0.00 | 0.23% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $5,827 | -102.71 | $5,930 |
| Gross Loans ($M) | ▼ | $696 | -74.83 | $771 |
| Loan Growth YoY (%) | ▼ | 14.31% | -1.21 | 15.52% |
| Total Deposits ($M) | ▼ | $4,788 | -89.91 | $4,878 |
| Shareholders Equity ($M) | ▲ | $615 | +1.56 | $613 |
| Tang. Book Value ($M) | ▲ | $493 | +1.63 | $491 |
| TBV excl. AOCI ($M)** | ▲ | $713 | +17.68 | $695 |
| Loan / Deposit Ratio (%) | ▼ | 14.31% | -1.21 | 15.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.02% | +0.02 | 0.00% |
| Allowance / Loans (%) | — | 1.60% | -0.20% | 1.80% |
| Net Charge-Off Ratio (%) | ▼ | 0.21% | +0.17 | 0.04% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.13% | -0.53 | 15.66% |
Noninterest income ($10.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▃▃▃▂▁ | Net Interest Margin (%) | 4.42% | 4.39% | 4.34% | 4.05% | 4.02% | 3.99% | 3.96% | 3.84% |
| ██▇▅▄▃▃▁ | Return on Assets (%) | 2.24% | 2.21% | 2.18% | 2.06% | 2.02% | 1.97% | 1.95% | 1.82% |
| ▁▁▂▄▄▅▆█ | Efficiency Ratio (%) | 35.8% | 36.3% | 36.7% | 38.3% | 39.0% | 39.8% | 40.2% | 42.4% |
| ▇█▁▁▁▂▁▁ | Cost of Funds (%) | 0.34% | 0.37% | 0.23% | 0.23% | 0.22% | 0.25% | 0.24% | 0.23% |
| ▂▂▁▁█▄▃▂ | NPA / Assets (%) | 0.02% | 0.02% | 0.01% | 0.00% | 0.09% | 0.04% | 0.03% | 0.02% |
| ▂▁▁▁█▅▃▃ | Net Charge-Off Ratio (%) | 0.19% | 0.11% | 0.09% | 0.04% | 0.66% | 0.36% | 0.25% | 0.21% |
| ▁█▃▅▆▇▇▅ | Tang. Book Value ($M) | $451 | $521 | $470 | $491 | $502 | $509 | $508 | $493 |
| ███▅▄▃▂▁ | Gross Loans ($M) | $832 | $834 | $820 | $771 | $748 | $742 | $726 | $696 |
| █▇▆▃▁▁▂▁ | Total Deposits ($M) | $5,134 | $5,069 | $5,015 | $4,878 | $4,750 | $4,796 | $4,843 | $4,788 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 11% |
| Consumer | 15% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 45% |
| Interest-Bearing (core) | 55% |