Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.51% | +0.04 | 1.48% |
| Return on Equity (%) | ▲ | 13.13% | +0.26 | 12.87% |
| Net Interest Margin (%) | ▼ | 3.51% | -0.05 | 3.56% |
| Efficiency Ratio (%) | ▼ | 56.19% | +4.99 | 51.20% |
| Pre-Provision Profit ($M) | ▼ | $28 | -1.16 | $29 |
| Cost of Funds (%) | ▲ | 1.73% | -0.25 | 1.98% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,356 | +282.78 | $6,074 |
| Gross Loans ($M) | ▼ | $4,640 | -11.41 | $4,652 |
| Loan Growth YoY (%) | ▼ | 91.02% | -6.76 | 97.77% |
| Total Deposits ($M) | ▲ | $5,039 | +338.95 | $4,700 |
| Shareholders Equity ($M) | ▲ | $726 | +29.14 | $697 |
| Tang. Book Value ($M) | ▲ | $680 | +28.45 | $652 |
| TBV excl. AOCI ($M)** | ▲ | $727 | +35.70 | $691 |
| Loan / Deposit Ratio (%) | ▼ | 91.02% | -6.76 | 97.77% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.11% | +0.02 | 0.09% |
| Allowance / Loans (%) | — | 1.17% | -0.05% | 1.22% |
| Net Charge-Off Ratio (%) | ▼ | 0.15% | +0.03 | 0.12% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.78% | -0.17 | 12.94% |
Noninterest income ($11.01M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▂▂▃▃▁ | Net Interest Margin (%) | 3.87% | 3.82% | 3.77% | 3.56% | 3.58% | 3.62% | 3.62% | 3.51% |
| █▇▅▁▄▆▆▂ | Return on Assets (%) | 1.69% | 1.64% | 1.59% | 1.48% | 1.57% | 1.62% | 1.61% | 1.51% |
| ▁▂▃▄▃▃▃█ | Efficiency Ratio (%) | 48.1% | 49.2% | 50.3% | 51.2% | 50.5% | 50.4% | 50.7% | 56.2% |
| ▇█▇▄▅▅▃▁ | Cost of Funds (%) | 2.16% | 2.27% | 2.16% | 1.98% | 2.01% | 2.05% | 1.89% | 1.73% |
| ██▁▁█▇▃▂ | NPA / Assets (%) | 0.16% | 0.17% | 0.10% | 0.09% | 0.16% | 0.16% | 0.11% | 0.11% |
| ██▁▁██▃▃ | Net Charge-Off Ratio (%) | 0.20% | 0.22% | 0.12% | 0.12% | 0.21% | 0.21% | 0.15% | 0.15% |
| ▁▄▄▅▇█▇▇ | Tang. Book Value ($M) | $609 | $641 | $641 | $652 | $670 | $690 | $680 | $680 |
| ▁▄▅▆█▆▆▆ | Gross Loans ($M) | $4,460 | $4,582 | $4,617 | $4,652 | $4,726 | $4,633 | $4,635 | $4,640 |
| ▁▃▆▅▆▇▇█ | Total Deposits ($M) | $4,164 | $4,473 | $4,716 | $4,700 | $4,730 | $4,837 | $4,896 | $5,039 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 23% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 10% |