Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.61% | +0.07 | 1.54% |
| Return on Equity (%) | ▼ | 12.05% | -0.69 | 12.74% |
| Net Interest Margin (%) | ▲ | 5.19% | +0.28 | 4.90% |
| Efficiency Ratio (%) | ▲ | 49.59% | -6.19 | 55.78% |
| Pre-Provision Profit ($M) | ▲ | $47 | +14.89 | $32 |
| Cost of Funds (%) | ▼ | 0.96% | +0.27 | 0.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,847 | +1120.43 | $5,726 |
| Gross Loans ($M) | ▲ | $5,190 | +1245.15 | $3,944 |
| Loan Growth YoY (%) | ▲ | 91.37% | +12.13 | 79.24% |
| Total Deposits ($M) | ▲ | $5,601 | +675.42 | $4,925 |
| Shareholders Equity ($M) | ▲ | $930 | +230.46 | $700 |
| Tang. Book Value ($M) | ▲ | $769 | +193.33 | $576 |
| TBV excl. AOCI ($M)** | ▲ | $825 | +191.73 | $633 |
| Loan / Deposit Ratio (%) | ▲ | 91.37% | +12.13 | 79.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.11% | +0.45 | 0.66% |
| Allowance / Loans (%) | — | 1.39% | 0.34% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 1.45% | +0.57 | 0.88% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.80% | +0.16 | 13.64% |
Noninterest income ($12.73M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▇██ | Net Interest Margin (%) | 4.67% | 4.69% | 4.73% | 4.90% | 4.95% | 5.14% | 5.22% | 5.19% |
| ██▇▅▇▁▄▇ | Return on Assets (%) | 1.65% | 1.68% | 1.63% | 1.54% | 1.61% | 1.32% | 1.46% | 1.61% |
| ▁▂▄█▆█▇▁ | Efficiency Ratio (%) | 50.4% | 50.9% | 52.3% | 55.8% | 54.2% | 56.4% | 55.2% | 49.6% |
| ▄▆▄▁▁█▇▅ | Cost of Funds (%) | 0.90% | 1.04% | 0.91% | 0.69% | 0.71% | 1.17% | 1.07% | 0.96% |
| ▆█▅▁▁▃▃█ | NPA / Assets (%) | 0.95% | 1.07% | 0.92% | 0.66% | 0.68% | 0.78% | 0.79% | 1.11% |
| ▅▇▁▂▁▂▃█ | Net Charge-Off Ratio (%) | 1.18% | 1.31% | 0.76% | 0.88% | 0.81% | 0.91% | 1.01% | 1.45% |
| ▁▂▁▂▃▇██ | Tang. Book Value ($M) | $561 | $583 | $545 | $576 | $605 | $741 | $743 | $769 |
| ▁▁▁▁▁███ | Gross Loans ($M) | $3,979 | $3,994 | $3,983 | $3,944 | $4,002 | $5,266 | $5,256 | $5,190 |
| ▁▁▃▃▃██▇ | Total Deposits ($M) | $4,552 | $4,518 | $4,847 | $4,925 | $4,869 | $5,796 | $5,661 | $5,601 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 56% |
| C&I / Commercial | 21% |
| Consumer | 17% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 4% |