Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.87% | +0.07 | 2.80% |
| Return on Equity (%) | ▲ | 31.71% | +3.27 | 28.44% |
| Net Interest Margin (%) | ▼ | 5.33% | -0.44 | 5.77% |
| Efficiency Ratio (%) | ▼ | 41.01% | +2.41 | 38.60% |
| Pre-Provision Profit ($M) | ▼ | $115 | -12.97 | $128 |
| Cost of Funds (%) | ▲ | 0.26% | -0.34 | 0.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,900 | +514.64 | $9,385 |
| Gross Loans ($M) | ▲ | $7,882 | +1290.21 | $6,592 |
| Loan Growth YoY (%) | ▲ | 92.63% | +14.54 | 78.09% |
| Total Deposits ($M) | ▲ | $8,441 | +67.02 | $8,374 |
| Shareholders Equity ($M) | ▼ | $873 | -38.84 | $912 |
| Tang. Book Value ($M) | ▼ | $872 | -38.45 | $910 |
| TBV excl. AOCI ($M)** | ▼ | $954 | -30.53 | $985 |
| Loan / Deposit Ratio (%) | ▲ | 92.63% | +14.54 | 78.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.60% | +0.33 | 1.27% |
| Allowance / Loans (%) | — | 0.80% | 0.00% | 0.80% |
| Net Charge-Off Ratio (%) | ▼ | 1.23% | +0.45 | 0.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.06% | -1.27 | 15.33% |
Noninterest income ($72.53M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▄▆▆▅▁ | Net Interest Margin (%) | 6.45% | 6.45% | 6.33% | 5.77% | 6.04% | 6.11% | 6.00% | 5.33% |
| █▆▄▁▄▄▁▃ | Return on Assets (%) | 3.05% | 2.98% | 2.90% | 2.80% | 2.90% | 2.90% | 2.81% | 2.87% |
| ██▆▁▁▁▁▂ | Efficiency Ratio (%) | 47.6% | 48.4% | 45.9% | 38.6% | 39.4% | 39.6% | 39.5% | 41.0% |
| ▇██▆▂▁▁▁ | Cost of Funds (%) | 0.64% | 0.72% | 0.69% | 0.60% | 0.36% | 0.29% | 0.26% | 0.26% |
| ▁▂▂▂▆█▅▅ | NPA / Assets (%) | 1.14% | 1.31% | 1.35% | 1.27% | 1.69% | 2.01% | 1.66% | 1.60% |
| ▁▁▃▂▆█▆▅ | Net Charge-Off Ratio (%) | 0.60% | 0.71% | 0.87% | 0.79% | 1.24% | 1.62% | 1.31% | 1.23% |
| ▁▄▁▅█▁▁▁ | Tang. Book Value ($M) | $863 | $901 | $870 | $910 | $942 | $873 | $869 | $872 |
| ▁▂▂▃▄▄▆█ | Gross Loans ($M) | $5,871 | $6,159 | $6,337 | $6,592 | $6,721 | $6,815 | $7,256 | $7,882 |
| ▂▁▅█▅▃▇█ | Total Deposits ($M) | $7,165 | $6,935 | $7,757 | $8,374 | $7,774 | $7,427 | $8,176 | $8,441 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 40% |
| C&I / Commercial | 10% |
| Consumer | 41% |
| Other | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 94% |
| Interest-Bearing (core) | 3% |
| Brokered / Other | 4% |