Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.11% | -0.14 | 1.24% |
| Return on Equity (%) | ▼ | 8.38% | -1.64 | 10.02% |
| Net Interest Margin (%) | ▲ | 4.26% | +0.20 | 4.06% |
| Efficiency Ratio (%) | ▼ | 65.94% | +3.34 | 62.60% |
| Pre-Provision Profit ($M) | ▲ | $37 | +1.32 | $36 |
| Cost of Funds (%) | ▲ | 1.53% | -0.16 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,553 | +348.47 | $8,205 |
| Gross Loans ($M) | ▲ | $7,084 | +534.77 | $6,550 |
| Loan Growth YoY (%) | ▲ | 97.91% | +5.39 | 92.51% |
| Total Deposits ($M) | ▲ | $7,151 | +170.70 | $6,980 |
| Shareholders Equity ($M) | ▲ | $1,135 | +109.25 | $1,026 |
| Tang. Book Value ($M) | ▲ | $948 | +105.59 | $843 |
| TBV excl. AOCI ($M)** | ▲ | $973 | +104.42 | $868 |
| Loan / Deposit Ratio (%) | ▲ | 97.91% | +5.39 | 92.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.83% | -0.19 | 1.02% |
| Allowance / Loans (%) | — | 1.17% | -0.23% | 1.40% |
| Net Charge-Off Ratio (%) | ▲ | 0.85% | -0.36 | 1.21% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.42% | +0.56 | 12.85% |
Noninterest income ($27.17M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▁▃▅▇█ | Net Interest Margin (%) | 4.05% | 4.09% | 4.13% | 4.06% | 4.12% | 4.17% | 4.21% | 4.26% |
| ▁▂▁▇█▇█▂ | Return on Assets (%) | 1.06% | 1.11% | 1.06% | 1.24% | 1.30% | 1.26% | 1.29% | 1.11% |
| ▂▂▆▂▁▁▁█ | Efficiency Ratio (%) | 62.7% | 62.8% | 64.7% | 62.6% | 62.4% | 62.1% | 61.9% | 65.9% |
| ██▆▃▄▅▃▁ | Cost of Funds (%) | 2.02% | 2.04% | 1.87% | 1.70% | 1.77% | 1.82% | 1.67% | 1.53% |
| ▂▂▄█▁▇▂▁ | NPA / Assets (%) | 0.86% | 0.87% | 0.93% | 1.02% | 0.85% | 1.00% | 0.86% | 0.83% |
| ▄▄▆█▁▅▂▁ | Net Charge-Off Ratio (%) | 1.00% | 1.02% | 1.08% | 1.21% | 0.88% | 1.05% | 0.91% | 0.85% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $767 | $805 | $812 | $843 | $871 | $905 | $926 | $948 |
| ▁▂▁▂▃▅▅█ | Gross Loans ($M) | $6,404 | $6,516 | $6,438 | $6,550 | $6,598 | $6,767 | $6,774 | $7,084 |
| ▁▁▁▅████ | Total Deposits ($M) | $6,730 | $6,761 | $6,782 | $6,980 | $7,205 | $7,208 | $7,174 | $7,151 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 47% |
| C&I / Commercial | 38% |
| Other | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 10% |