Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.32% | +0.12 | 0.20% |
| Return on Equity (%) | ▲ | 4.25% | +1.68 | 2.57% |
| Net Interest Margin (%) | ▲ | 2.48% | +0.55 | 1.93% |
| Efficiency Ratio (%) | ▲ | 53.51% | -7.46 | 60.98% |
| Pre-Provision Profit ($M) | ▲ | $21 | +6.22 | $15 |
| Cost of Funds (%) | ▲ | 3.00% | -0.44 | 3.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $5,683 | -146.99 | $5,830 |
| Gross Loans ($M) | ▼ | $3,831 | -455.04 | $4,286 |
| Loan Growth YoY (%) | ▼ | 75.63% | -9.86 | 85.49% |
| Total Deposits ($M) | ▲ | $4,991 | +32.41 | $4,958 |
| Shareholders Equity ($M) | ▼ | $430 | -30.14 | $460 |
| Tang. Book Value ($M) | ▼ | $402 | -36.31 | $438 |
| TBV excl. AOCI ($M)** | ▼ | $454 | -31.82 | $486 |
| Loan / Deposit Ratio (%) | ▼ | 75.63% | -9.86 | 85.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.12% | +0.50 | 0.61% |
| Allowance / Loans (%) | — | 1.47% | 0.37% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 1.61% | +0.81 | 0.80% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.86% | -0.05 | 10.91% |
Noninterest income ($11.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▅█ | Net Interest Margin (%) | 1.78% | 1.76% | 1.79% | 1.93% | 2.00% | 2.12% | 2.18% | 2.48% |
| ███▆▆▁▂▇ | Return on Assets (%) | 0.53% | 0.56% | 0.58% | 0.20% | 0.14% | -0.83% | -0.50% | 0.32% |
| ▃▃▂▂▂█▆▁ | Efficiency Ratio (%) | 65.1% | 64.1% | 62.0% | 61.0% | 61.4% | 87.6% | 75.6% | 53.5% |
| ▇▇█▅▅█▄▁ | Cost of Funds (%) | 3.63% | 3.55% | 3.68% | 3.44% | 3.39% | 3.74% | 3.32% | 3.00% |
| ▁▂▃▄▅▇██ | NPA / Assets (%) | 0.24% | 0.39% | 0.50% | 0.61% | 0.75% | 0.98% | 1.10% | 1.12% |
| ▁▂▃▃▅▇██ | Net Charge-Off Ratio (%) | 0.33% | 0.55% | 0.67% | 0.80% | 0.97% | 1.42% | 1.52% | 1.61% |
| ▇████▁▁▂ | Tang. Book Value ($M) | $432 | $442 | $437 | $438 | $438 | $393 | $399 | $402 |
| ▃▄▆▆█▁▂▁ | Gross Loans ($M) | $3,981 | $4,069 | $4,225 | $4,286 | $4,489 | $3,745 | $3,855 | $3,831 |
| ▁▅▆▆█▆▅▆ | Total Deposits ($M) | $4,282 | $4,807 | $4,946 | $4,958 | $5,312 | $4,931 | $4,854 | $4,991 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 47% |
| C&I / Commercial | 29% |
| Consumer | 12% |
| Other | 12% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 16% |