Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.51% | -0.14 | 1.65% |
| Return on Equity (%) | ▼ | 17.91% | -2.46 | 20.37% |
| Net Interest Margin (%) | ▼ | 3.53% | -0.18 | 3.71% |
| Efficiency Ratio (%) | ▼ | 59.24% | +0.21 | 59.03% |
| Pre-Provision Profit ($M) | ▲ | $32 | +1.23 | $31 |
| Cost of Funds (%) | ▼ | 1.82% | +0.01 | 1.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,222 | +399.77 | $7,822 |
| Gross Loans ($M) | ▲ | $3,209 | +209.24 | $2,999 |
| Loan Growth YoY (%) | ▲ | 60.34% | +1.75 | 58.59% |
| Total Deposits ($M) | ▲ | $5,246 | +195.45 | $5,050 |
| Shareholders Equity ($M) | ▲ | $688 | +61.66 | $626 |
| Tang. Book Value ($M) | ▲ | $666 | +67.36 | $599 |
| TBV excl. AOCI ($M)** | ▲ | $896 | +78.99 | $817 |
| Loan / Deposit Ratio (%) | ▲ | 60.34% | +1.75 | 58.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.35% | +0.22 | 0.14% |
| Allowance / Loans (%) | — | 1.35% | -0.00% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 0.91% | +0.59 | 0.31% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.33% | +0.73 | 13.60% |
Noninterest income ($13.39M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▃▄▄▄▁ | Net Interest Margin (%) | 4.02% | 3.99% | 3.95% | 3.71% | 3.72% | 3.74% | 3.74% | 3.53% |
| ███▆▅▇█▁ | Return on Assets (%) | 1.72% | 1.70% | 1.71% | 1.65% | 1.63% | 1.69% | 1.72% | 1.51% |
| ▁▁▁█▅▂▂█ | Efficiency Ratio (%) | 55.9% | 55.9% | 56.3% | 59.0% | 57.7% | 56.6% | 56.5% | 59.2% |
| █▇▄▁▃▃▁▁ | Cost of Funds (%) | 2.48% | 2.33% | 2.09% | 1.81% | 2.01% | 2.05% | 1.88% | 1.82% |
| ▄▃▄▁▁▁▇█ | NPA / Assets (%) | 0.23% | 0.19% | 0.22% | 0.14% | 0.16% | 0.16% | 0.32% | 0.35% |
| ▄▃▃▁▂▂▇█ | Net Charge-Off Ratio (%) | 0.54% | 0.47% | 0.52% | 0.31% | 0.40% | 0.40% | 0.82% | 0.91% |
| ▁▁▃▄▃▅██ | Tang. Book Value ($M) | $537 | $553 | $577 | $599 | $581 | $614 | $666 | $666 |
| ▁▁▂▂▅▆██ | Gross Loans ($M) | $2,936 | $2,941 | $3,000 | $2,999 | $3,094 | $3,111 | $3,184 | $3,209 |
| ▁▃▄▄▄▅▅█ | Total Deposits ($M) | $4,877 | $4,992 | $5,046 | $5,050 | $5,019 | $5,068 | $5,097 | $5,246 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 59% |
| C&I / Commercial | 21% |
| Consumer | 17% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 6% |