Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.70% | +0.03 | 0.67% |
| Return on Equity (%) | ▲ | 6.12% | +0.15 | 5.97% |
| Net Interest Margin (%) | ▼ | 3.18% | -0.34 | 3.52% |
| Efficiency Ratio (%) | ▼ | 73.52% | +5.65 | 67.87% |
| Pre-Provision Profit ($M) | ▼ | $20 | -3.52 | $24 |
| Cost of Funds (%) | ▲ | 3.03% | -0.13 | 3.16% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,251 | +963.88 | $7,287 |
| Gross Loans ($M) | ▲ | $5,826 | +1320.46 | $4,505 |
| Loan Growth YoY (%) | ▲ | 80.63% | +4.12 | 76.51% |
| Total Deposits ($M) | ▲ | $7,160 | +1332.48 | $5,827 |
| Shareholders Equity ($M) | ▲ | $934 | +106.46 | $827 |
| Tang. Book Value ($M) | ▲ | $902 | +107.76 | $795 |
| TBV excl. AOCI ($M)** | ▲ | $967 | +103.87 | $863 |
| Loan / Deposit Ratio (%) | ▲ | 80.63% | +4.12 | 76.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.14% | -0.65 | 1.79% |
| Allowance / Loans (%) | — | 0.91% | -0.13% | 1.04% |
| Net Charge-Off Ratio (%) | ▲ | 1.48% | -0.75 | 2.23% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($16.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▆▅▅▆██▁ | Net Interest Margin (%) | 3.65% | 3.58% | 3.51% | 3.52% | 3.62% | 3.80% | 3.77% | 3.18% |
| ▂▂▂▁▃▇█▁ | Return on Assets (%) | 0.84% | 0.80% | 0.78% | 0.67% | 0.86% | 1.18% | 1.35% | 0.70% |
| ███▅▃▁▁█ | Efficiency Ratio (%) | 74.9% | 73.2% | 74.1% | 67.9% | 64.1% | 58.4% | 59.6% | 73.5% |
| ▄█▄▂▂▄▂▁ | Cost of Funds (%) | 3.46% | 3.91% | 3.46% | 3.16% | 3.22% | 3.38% | 3.23% | 3.03% |
| █▇▄▇▄▁▃▄ | NPA / Assets (%) | 2.01% | 1.71% | 1.21% | 1.79% | 1.26% | 0.55% | 1.06% | 1.14% |
| █▆▃▅▃▁▂▃ | Net Charge-Off Ratio (%) | 3.61% | 2.51% | 1.44% | 2.23% | 1.64% | 0.61% | 1.31% | 1.48% |
| ▁▂▂▃▄▆██ | Tang. Book Value ($M) | $747 | $768 | $779 | $795 | $814 | $853 | $891 | $902 |
| ▁▁▂▃▄▇██ | Gross Loans ($M) | $3,896 | $3,966 | $4,324 | $4,505 | $4,860 | $5,406 | $5,649 | $5,826 |
| ▁▂▁▂▃▅▇█ | Total Deposits ($M) | $5,594 | $5,921 | $5,637 | $5,827 | $6,012 | $6,531 | $6,801 | $7,160 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 46% |
| C&I / Commercial | 16% |
| Consumer | 3% |
| Other | 34% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 17% |