Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.43% | +0.35 | 2.08% |
| Return on Equity (%) | ▲ | 14.74% | +2.12 | 12.62% |
| Net Interest Margin (%) | ▲ | 3.58% | +0.12 | 3.46% |
| Efficiency Ratio (%) | ▲ | 42.26% | -4.84 | 47.10% |
| Pre-Provision Profit ($M) | ▲ | $20 | +5.12 | $14 |
| Cost of Funds (%) | ▲ | 1.72% | -0.18 | 1.90% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,867 | +244.72 | $2,622 |
| Gross Loans ($M) | ▲ | $2,020 | +230.26 | $1,790 |
| Loan Growth YoY (%) | ▲ | 100.80% | +7.09 | 93.71% |
| Total Deposits ($M) | ▲ | $1,980 | +95.98 | $1,884 |
| Shareholders Equity ($M) | ▲ | $476 | +37.59 | $439 |
| Tang. Book Value ($M) | ▲ | $461 | +37.82 | $423 |
| TBV excl. AOCI ($M)** | ▲ | $479 | +40.43 | $439 |
| Loan / Deposit Ratio (%) | ▲ | 100.80% | +7.09 | 93.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.42% | +0.02 | 0.40% |
| Allowance / Loans (%) | — | 1.22% | -0.16% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 0.60% | +0.00 | 0.59% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.85% | -0.18 | 14.03% |
Noninterest income ($12.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▆▇██ | Net Interest Margin (%) | 3.28% | 3.33% | 3.37% | 3.46% | 3.49% | 3.51% | 3.54% | 3.58% |
| █▇█▁▂▅█▄ | Return on Assets (%) | 2.82% | 2.69% | 2.80% | 2.08% | 2.20% | 2.55% | 2.83% | 2.43% |
| ▁▂▁█▇▃▁▄ | Efficiency Ratio (%) | 39.6% | 40.3% | 39.2% | 47.1% | 45.3% | 42.0% | 40.1% | 42.3% |
| ▇█▆▃▄▅▃▁ | Cost of Funds (%) | 2.16% | 2.23% | 2.05% | 1.90% | 1.94% | 1.98% | 1.88% | 1.72% |
| █▅█▃▁▁▂▄ | NPA / Assets (%) | 0.49% | 0.43% | 0.50% | 0.40% | 0.36% | 0.35% | 0.37% | 0.42% |
| █▅█▃▁▁▁▃ | Net Charge-Off Ratio (%) | 0.72% | 0.65% | 0.74% | 0.59% | 0.52% | 0.51% | 0.53% | 0.60% |
| ▁▂▄▅▇▆██ | Tang. Book Value ($M) | $371 | $392 | $408 | $423 | $439 | $438 | $454 | $461 |
| ▁▁▁▂▄▅██ | Gross Loans ($M) | $1,736 | $1,744 | $1,761 | $1,790 | $1,852 | $1,895 | $1,989 | $2,020 |
| ▁▂▅▅▅▆██ | Total Deposits ($M) | $1,722 | $1,766 | $1,882 | $1,884 | $1,884 | $1,891 | $1,984 | $1,980 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 73% |
| C&I / Commercial | 22% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 18% |