Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.96% | -0.04 | 0.99% |
| Return on Equity (%) | ▲ | 9.93% | +0.46 | 9.47% |
| Net Interest Margin (%) | ▼ | 6.90% | -0.97 | 7.87% |
| Efficiency Ratio (%) | ▼ | 55.54% | +4.42 | 51.12% |
| Pre-Provision Profit ($M) | ▼ | $67 | -1.98 | $68 |
| Cost of Funds (%) | ▲ | 1.98% | -0.62 | 2.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,659 | +1323.66 | $4,336 |
| Gross Loans ($M) | ▲ | $3,983 | +423.93 | $3,559 |
| Loan Growth YoY (%) | ▼ | 75.00% | -13.00 | 88.00% |
| Total Deposits ($M) | ▲ | $5,082 | +1244.66 | $3,837 |
| Shareholders Equity ($M) | ▲ | $507 | +58.37 | $449 |
| Tang. Book Value ($M) | ▲ | $503 | +53.94 | $449 |
| TBV excl. AOCI ($M)** | ▲ | $505 | +53.90 | $451 |
| Loan / Deposit Ratio (%) | ▼ | 75.00% | -13.00 | 88.00% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.19% | -0.11 | 1.30% |
| Allowance / Loans (%) | — | 4.33% | -0.82% | 5.15% |
| Net Charge-Off Ratio (%) | ▼ | 1.70% | +0.11 | 1.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.19% | +0.07 | 12.12% |
Noninterest income ($65.93M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▅▄█▇▇▆▁ | Net Interest Margin (%) | 7.17% | 7.40% | 7.34% | 7.87% | 7.71% | 7.64% | 7.56% | 6.90% |
| ▃▇█▂▃▅▅▁ | Return on Assets (%) | 1.03% | 1.16% | 1.22% | 0.99% | 1.03% | 1.10% | 1.11% | 0.96% |
| ▁▁▁▆█▇▇█ | Efficiency Ratio (%) | 40.0% | 41.0% | 41.8% | 51.1% | 55.4% | 52.8% | 52.7% | 55.5% |
| ██▆▅▆▅▃▁ | Cost of Funds (%) | 3.09% | 3.17% | 2.86% | 2.60% | 2.75% | 2.71% | 2.38% | 1.98% |
| ▃█▆▂▃▃▃▁ | NPA / Assets (%) | 1.34% | 1.63% | 1.52% | 1.30% | 1.36% | 1.31% | 1.35% | 1.19% |
| ▁█▅▁▃▁▃▃ | Net Charge-Off Ratio (%) | 1.60% | 1.94% | 1.79% | 1.58% | 1.69% | 1.60% | 1.68% | 1.70% |
| ▁▁▅▆▆▇██ | Tang. Book Value ($M) | $356 | $371 | $436 | $449 | $462 | $476 | $489 | $503 |
| ▁▂▃▃▄▆▇█ | Gross Loans ($M) | $3,326 | $3,426 | $3,507 | $3,559 | $3,601 | $3,747 | $3,821 | $3,983 |
| ▁▁▁▂▃▃▄█ | Total Deposits ($M) | $3,549 | $3,633 | $3,633 | $3,837 | $3,958 | $4,017 | $4,187 | $5,082 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 51% |
| C&I / Commercial | 8% |
| Consumer | 37% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 88% |