Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.28% | +0.14 | 1.15% |
| Return on Equity (%) | ▲ | 12.17% | +2.23 | 9.94% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.21 | 3.23% |
| Efficiency Ratio (%) | ▲ | 55.44% | -3.27 | 58.71% |
| Pre-Provision Profit ($M) | ▲ | $25 | +7.92 | $17 |
| Cost of Funds (%) | ▲ | 1.98% | -0.27 | 2.25% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,776 | +1027.19 | $4,749 |
| Gross Loans ($M) | ▲ | $4,075 | +705.10 | $3,370 |
| Loan Growth YoY (%) | ▼ | 83.55% | -3.25 | 86.80% |
| Total Deposits ($M) | ▲ | $4,827 | +987.23 | $3,840 |
| Shareholders Equity ($M) | ▲ | $601 | +63.26 | $538 |
| Tang. Book Value ($M) | ▲ | $599 | +61.57 | $538 |
| TBV excl. AOCI ($M)** | ▲ | $657 | +82.40 | $575 |
| Loan / Deposit Ratio (%) | ▼ | 83.55% | -3.25 | 86.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.38% | -0.22 | 0.60% |
| Allowance / Loans (%) | — | 1.03% | -0.06% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 0.53% | -0.31 | 0.84% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($9.62M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▃▄▄▅█ | Net Interest Margin (%) | 3.11% | 3.17% | 3.18% | 3.23% | 3.27% | 3.27% | 3.30% | 3.44% |
| ▁▄▃▅▆▅▅█ | Return on Assets (%) | 0.96% | 1.11% | 1.05% | 1.15% | 1.18% | 1.14% | 1.13% | 1.28% |
| █▆▅▆▃▁▃▁ | Efficiency Ratio (%) | 60.1% | 58.6% | 58.2% | 58.7% | 56.6% | 55.9% | 56.7% | 55.4% |
| ▇█▇▄▃▅▄▁ | Cost of Funds (%) | 2.54% | 2.62% | 2.50% | 2.25% | 2.21% | 2.37% | 2.28% | 1.98% |
| ▁▃▂▆▅█▄▃ | NPA / Assets (%) | 0.13% | 0.35% | 0.27% | 0.60% | 0.51% | 0.79% | 0.39% | 0.38% |
| ▁▃▂▆▅█▄▃ | Net Charge-Off Ratio (%) | 0.17% | 0.48% | 0.37% | 0.84% | 0.73% | 1.15% | 0.55% | 0.53% |
| ▁▂▃▄▅▇██ | Tang. Book Value ($M) | $485 | $504 | $521 | $538 | $553 | $572 | $588 | $599 |
| ▁▁▂▂▅▅▇█ | Gross Loans ($M) | $3,145 | $3,157 | $3,316 | $3,370 | $3,657 | $3,710 | $3,882 | $4,075 |
| ▁▁▂▃▅▇▇█ | Total Deposits ($M) | $3,418 | $3,409 | $3,620 | $3,840 | $4,289 | $4,558 | $4,584 | $4,827 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 19% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 33% |
| Interest-Bearing (core) | 17% |
| Brokered / Other | 30% |