Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.12 | 1.35% |
| Return on Equity (%) | ▲ | 13.63% | +0.26 | 13.37% |
| Net Interest Margin (%) | ▲ | 3.58% | +0.29 | 3.29% |
| Efficiency Ratio (%) | ▲ | 52.87% | -2.62 | 55.49% |
| Pre-Provision Profit ($M) | ▲ | $16 | +2.44 | $14 |
| Cost of Funds (%) | ▲ | 1.28% | -0.12 | 1.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,345 | +159.89 | $3,186 |
| Gross Loans ($M) | ▲ | $2,258 | +141.58 | $2,117 |
| Loan Growth YoY (%) | ▲ | 75.63% | +1.68 | 73.95% |
| Total Deposits ($M) | ▲ | $2,955 | +121.34 | $2,833 |
| Shareholders Equity ($M) | ▲ | $364 | +38.83 | $325 |
| Tang. Book Value ($M) | ▲ | $363 | +38.83 | $324 |
| TBV excl. AOCI ($M)** | ▲ | $401 | +41.97 | $359 |
| Loan / Deposit Ratio (%) | ▲ | 75.63% | +1.68 | 73.95% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.13% | -0.04 | 0.16% |
| Allowance / Loans (%) | — | 1.06% | 0.03% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.18% | -0.06 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.09% | +0.20 | 16.89% |
Noninterest income ($5.69M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 2.97% | 3.00% | 3.05% | 3.29% | 3.37% | 3.43% | 3.47% | 3.58% |
| ▁▁▂▆▆▆▆█ | Return on Assets (%) | 1.08% | 1.10% | 1.13% | 1.35% | 1.34% | 1.35% | 1.36% | 1.47% |
| ███▃▃▄▄▁ | Efficiency Ratio (%) | 61.5% | 61.2% | 60.6% | 55.5% | 56.1% | 56.3% | 56.1% | 52.9% |
| ▇█▆▄▃▃▁▁ | Cost of Funds (%) | 1.56% | 1.61% | 1.52% | 1.41% | 1.38% | 1.40% | 1.31% | 1.28% |
| ▅▄▅█▁▃▅▆ | NPA / Assets (%) | 0.11% | 0.10% | 0.10% | 0.16% | 0.04% | 0.08% | 0.11% | 0.13% |
| ▅▅▅█▁▃▅▆ | Net Charge-Off Ratio (%) | 0.16% | 0.15% | 0.16% | 0.24% | 0.05% | 0.11% | 0.16% | 0.18% |
| ▁▃▂▄▄▆██ | Tang. Book Value ($M) | $298 | $317 | $311 | $324 | $325 | $341 | $355 | $363 |
| ▁▁▁▃▄▅██ | Gross Loans ($M) | $2,052 | $2,058 | $2,078 | $2,117 | $2,143 | $2,176 | $2,252 | $2,258 |
| ▁▁▃▄▄▄██ | Total Deposits ($M) | $2,724 | $2,752 | $2,812 | $2,833 | $2,818 | $2,847 | $2,972 | $2,955 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 16% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 7% |