Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.18% | +0.42 | 0.76% |
| Return on Equity (%) | ▲ | 11.07% | +4.18 | 6.89% |
| Net Interest Margin (%) | ▲ | 3.21% | +0.17 | 3.04% |
| Efficiency Ratio (%) | ▲ | 68.93% | -6.49 | 75.41% |
| Pre-Provision Profit ($M) | ▲ | $22 | +7.28 | $14 |
| Cost of Funds (%) | ▲ | 1.89% | -0.25 | 2.14% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,927 | +385.74 | $4,541 |
| Gross Loans ($M) | ▲ | $3,875 | +370.24 | $3,505 |
| Loan Growth YoY (%) | ▼ | 100.22% | -0.24 | 100.47% |
| Total Deposits ($M) | ▲ | $3,842 | +371.98 | $3,470 |
| Shareholders Equity ($M) | ▲ | $517 | +19.81 | $497 |
| Tang. Book Value ($M) | ▲ | $280 | +23.10 | $256 |
| TBV excl. AOCI ($M)** | ▲ | $305 | +26.59 | $278 |
| Loan / Deposit Ratio (%) | ▼ | 100.22% | -0.24 | 100.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 4.05% | -0.01 | 4.06% |
| Allowance / Loans (%) | — | 0.63% | 0.10% | 0.53% |
| Net Charge-Off Ratio (%) | ▲ | 5.13% | -0.11 | 5.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.85% | -0.27 | 11.12% |
Noninterest income ($34.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▄▁▅▇█▇ | Net Interest Margin (%) | 3.09% | 3.09% | 3.13% | 3.04% | 3.15% | 3.21% | 3.25% | 3.21% |
| █▃▃▁▅█▆█ | Return on Assets (%) | 1.14% | 0.89% | 0.87% | 0.76% | 0.99% | 1.13% | 1.04% | 1.18% |
| ▄██▇▄▂▃▁ | Efficiency Ratio (%) | 72.6% | 77.3% | 77.5% | 75.4% | 72.6% | 70.3% | 71.3% | 68.9% |
| █▇▇▄▄▅▃▁ | Cost of Funds (%) | 2.50% | 2.37% | 2.36% | 2.14% | 2.17% | 2.25% | 2.11% | 1.89% |
| ▅▆█▃▁▁▄▃ | NPA / Assets (%) | 4.30% | 4.58% | 4.98% | 4.06% | 3.57% | 3.72% | 4.27% | 4.05% |
| ▅▇█▄▁▂▄▃ | Net Charge-Off Ratio (%) | 5.55% | 5.94% | 6.28% | 5.23% | 4.50% | 4.75% | 5.36% | 5.13% |
| ▁▄▂▄▆█▇▆ | Tang. Book Value ($M) | $222 | $257 | $235 | $256 | $275 | $299 | $283 | $280 |
| ▁▂▃▄▆▇▇█ | Gross Loans ($M) | $3,274 | $3,412 | $3,436 | $3,505 | $3,692 | $3,784 | $3,787 | $3,875 |
| ▁▃▁▄▆▇▆█ | Total Deposits ($M) | $3,182 | $3,379 | $3,261 | $3,470 | $3,600 | $3,758 | $3,667 | $3,842 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 43% |
| C&I / Commercial | 42% |
| Consumer | 10% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 17% |