Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.16% | -0.36 | 1.52% |
| Return on Equity (%) | ▼ | 12.56% | -3.73 | 16.29% |
| Net Interest Margin (%) | ▼ | 5.64% | -0.34 | 5.99% |
| Efficiency Ratio (%) | ▼ | 70.33% | +4.29 | 66.05% |
| Pre-Provision Profit ($M) | ▼ | $17 | -1.04 | $18 |
| Cost of Funds (%) | ▲ | 1.97% | -0.04 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,756 | +471.63 | $3,285 |
| Gross Loans ($M) | ▲ | $3,004 | +337.71 | $2,667 |
| Loan Growth YoY (%) | ▼ | 89.02% | -1.15 | 90.17% |
| Total Deposits ($M) | ▲ | $3,314 | +409.79 | $2,904 |
| Shareholders Equity ($M) | ▲ | $340 | +33.09 | $307 |
| Tang. Book Value ($M) | ▲ | $314 | +31.71 | $283 |
| TBV excl. AOCI ($M)** | ▲ | $326 | +32.57 | $293 |
| Loan / Deposit Ratio (%) | ▼ | 89.02% | -1.15 | 90.17% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.65% | +0.32 | 1.33% |
| Allowance / Loans (%) | — | 1.80% | 0.01% | 1.79% |
| Net Charge-Off Ratio (%) | ▼ | 1.94% | +0.30 | 1.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.26% | -0.41 | 11.67% |
Noninterest income ($9.09M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▄▄▆▅▁ | Net Interest Margin (%) | 6.49% | 6.46% | 6.38% | 5.99% | 6.02% | 6.21% | 6.16% | 5.64% |
| ▂▃▂█▇██▁ | Return on Assets (%) | 1.24% | 1.28% | 1.22% | 1.52% | 1.46% | 1.49% | 1.51% | 1.16% |
| █▇▅▃▃▁▁█ | Efficiency Ratio (%) | 70.0% | 68.9% | 67.8% | 66.0% | 66.0% | 64.6% | 64.1% | 70.3% |
| ███▆▆▁▆▅ | Cost of Funds (%) | 2.24% | 2.25% | 2.19% | 2.02% | 2.02% | 1.54% | 2.05% | 1.97% |
| ▁▁▃▆▄███ | NPA / Assets (%) | 0.63% | 0.65% | 0.99% | 1.33% | 1.10% | 1.74% | 1.72% | 1.65% |
| ▁▁▃▆▄███ | Net Charge-Off Ratio (%) | 0.75% | 0.78% | 1.19% | 1.64% | 1.35% | 2.03% | 1.95% | 1.94% |
| ▁▁▄▆▆▇██ | Tang. Book Value ($M) | $228 | $228 | $267 | $283 | $292 | $298 | $309 | $314 |
| ▁▁▅▆▆▇██ | Gross Loans ($M) | $1,993 | $2,080 | $2,604 | $2,667 | $2,716 | $2,797 | $2,942 | $3,004 |
| ▁▁▅▆▆▆▇█ | Total Deposits ($M) | $2,104 | $2,190 | $2,775 | $2,904 | $2,955 | $2,936 | $3,105 | $3,314 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 24% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 14% |