Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.66% | +0.53 | 0.13% |
| Return on Equity (%) | ▲ | 5.81% | +4.67 | 1.14% |
| Net Interest Margin (%) | ▲ | 2.77% | +0.24 | 2.53% |
| Efficiency Ratio (%) | ▼ | 61.13% | +1.80 | 59.33% |
| Pre-Provision Profit ($M) | ▼ | $30 | -0.37 | $31 |
| Cost of Funds (%) | ▲ | 2.68% | -0.39 | 3.07% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $9,903 | -1364.82 | $11,267 |
| Gross Loans ($M) | ▼ | $6,994 | -964.30 | $7,959 |
| Loan Growth YoY (%) | ▼ | 79.65% | -4.61 | 84.26% |
| Total Deposits ($M) | ▼ | $8,597 | -695.02 | $9,292 |
| Shareholders Equity ($M) | ▼ | $1,165 | -91.30 | $1,256 |
| Tang. Book Value ($M) | ▼ | $1,165 | -91.30 | $1,256 |
| TBV excl. AOCI ($M)** | ▼ | $1,252 | -109.67 | $1,361 |
| Loan / Deposit Ratio (%) | ▼ | 79.65% | -4.61 | 84.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.88% | +0.08 | 1.80% |
| Allowance / Loans (%) | — | 2.10% | 0.48% | 1.63% |
| Net Charge-Off Ratio (%) | ▼ | 2.63% | +0.12 | 2.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.13% | -0.69 | 14.82% |
Noninterest income ($13.06M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▅▁▄▅▇█ | Net Interest Margin (%) | 2.68% | 2.67% | 2.68% | 2.53% | 2.64% | 2.68% | 2.72% | 2.77% |
| ▁▄▅▇▂▁▂█ | Return on Assets (%) | -1.44% | -0.72% | -0.36% | 0.13% | -1.18% | -1.59% | -1.20% | 0.66% |
| ▁▁▂▅▄▃█▇ | Efficiency Ratio (%) | 52.4% | 53.2% | 54.3% | 59.3% | 57.2% | 56.6% | 63.8% | 61.1% |
| ▇█▇▄▄▃▄▁ | Cost of Funds (%) | 3.47% | 3.62% | 3.46% | 3.07% | 3.10% | 2.96% | 3.05% | 2.68% |
| ▁▂▆▅██▆▆ | NPA / Assets (%) | 0.88% | 1.22% | 1.91% | 1.80% | 2.38% | 2.37% | 1.91% | 1.88% |
| ▁▂▆▆██▆▆ | Net Charge-Off Ratio (%) | 1.23% | 1.69% | 2.63% | 2.52% | 3.21% | 3.23% | 2.68% | 2.63% |
| ▂▆▇█▅▁▁▂ | Tang. Book Value ($M) | $1,165 | $1,225 | $1,231 | $1,256 | $1,198 | $1,139 | $1,149 | $1,165 |
| ████▇▄▃▁ | Gross Loans ($M) | $8,007 | $7,970 | $7,935 | $7,959 | $7,759 | $7,441 | $7,371 | $6,994 |
| ▁▂▆▇▆█▆▂ | Total Deposits ($M) | $8,304 | $8,568 | $9,155 | $9,292 | $9,133 | $9,473 | $9,142 | $8,597 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 15% |
| Other | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 40% |
| Brokered / Other | 43% |