Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.50% | +0.93 | -0.43% |
| Return on Equity (%) | ▲ | 2.38% | +4.70 | -2.32% |
| Net Interest Margin (%) | ▲ | 4.87% | +0.98 | 3.89% |
| Efficiency Ratio (%) | ▲ | 89.54% | -20.63 | 110.17% |
| Pre-Provision Profit ($M) | ▲ | $7 | +13.04 | $-6 |
| Cost of Funds (%) | ▲ | 2.24% | -0.50 | 2.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $5,853 | -99.35 | $5,953 |
| Gross Loans ($M) | ▼ | $3,989 | -163.21 | $4,152 |
| Loan Growth YoY (%) | ▲ | 89.38% | +1.03 | 88.35% |
| Total Deposits ($M) | ▼ | $4,381 | -222.50 | $4,604 |
| Shareholders Equity ($M) | ▲ | $1,207 | +79.71 | $1,127 |
| Tang. Book Value ($M) | ▲ | $1,097 | +79.95 | $1,018 |
| TBV excl. AOCI ($M)** | ▲ | $1,109 | +79.34 | $1,030 |
| Loan / Deposit Ratio (%) | ▲ | 89.38% | +1.03 | 88.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 3.01% | -0.60 | 3.61% |
| Allowance / Loans (%) | — | 1.84% | -0.21% | 2.05% |
| Net Charge-Off Ratio (%) | ▲ | 4.22% | -0.76 | 4.99% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.90% | +1.48 | 16.42% |
Noninterest income ($10.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▅▅▁▂▄▄█ | Net Interest Margin (%) | 4.37% | 4.42% | 4.47% | 3.89% | 4.06% | 4.30% | 4.28% | 4.87% |
| ▄█▅▁▄██▄ | Return on Assets (%) | 0.49% | 1.32% | 0.71% | -0.43% | 0.31% | 1.54% | 1.35% | 0.50% |
| ▄▁▂█▆▁▁▄ | Efficiency Ratio (%) | 88.2% | 72.3% | 79.8% | 110.2% | 100.0% | 70.9% | 70.8% | 89.5% |
| ██▇▆▅▄▃▁ | Cost of Funds (%) | 3.05% | 3.03% | 2.93% | 2.75% | 2.66% | 2.59% | 2.50% | 2.24% |
| ▆▅█▄▆▃▂▁ | NPA / Assets (%) | 3.84% | 3.67% | 4.22% | 3.61% | 3.80% | 3.44% | 3.31% | 3.01% |
| ▄▄█▄▅▃▂▁ | Net Charge-Off Ratio (%) | 4.99% | 4.98% | 5.91% | 4.99% | 5.14% | 4.76% | 4.49% | 4.22% |
| ▇█▁▁▁▂▂▂ | Tang. Book Value ($M) | $1,312 | $1,367 | $1,022 | $1,018 | $1,031 | $1,088 | $1,088 | $1,097 |
| █▆▄▂▂▁▂▁ | Gross Loans ($M) | $4,654 | $4,439 | $4,300 | $4,152 | $4,136 | $4,061 | $4,098 | $3,989 |
| ▅▄█▅▂▁▁▁ | Total Deposits ($M) | $4,604 | $4,538 | $4,867 | $4,604 | $4,418 | $4,324 | $4,312 | $4,381 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 39% |
| C&I / Commercial | 47% |
| Other | 13% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 90% |
| Brokered / Other | 5% |