Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.95% | +0.40 | 0.55% |
| Return on Equity (%) | ▲ | 8.33% | +3.48 | 4.85% |
| Net Interest Margin (%) | ▲ | 3.58% | +0.26 | 3.33% |
| Efficiency Ratio (%) | ▲ | 70.64% | -5.83 | 76.47% |
| Pre-Provision Profit ($M) | ▲ | $14 | +5.92 | $8 |
| Cost of Funds (%) | ▲ | 1.85% | -0.30 | 2.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,239 | +571.36 | $3,667 |
| Gross Loans ($M) | ▲ | $3,619 | +502.26 | $3,117 |
| Loan Growth YoY (%) | ▲ | 104.12% | +7.81 | 96.30% |
| Total Deposits ($M) | ▲ | $3,431 | +240.73 | $3,191 |
| Shareholders Equity ($M) | ▲ | $472 | +52.21 | $420 |
| Tang. Book Value ($M) | ▲ | $379 | +52.52 | $326 |
| TBV excl. AOCI ($M)** | ▲ | $388 | +48.92 | $339 |
| Loan / Deposit Ratio (%) | ▲ | 104.12% | +7.81 | 96.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.36% | +1.96 | 0.40% |
| Allowance / Loans (%) | — | 1.28% | -0.13% | 1.41% |
| Net Charge-Off Ratio (%) | ▼ | 2.77% | +2.30 | 0.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.51% | -0.45 | 10.96% |
Noninterest income ($13.55M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▅▃▄▆█ | Net Interest Margin (%) | 2.99% | 3.08% | 3.12% | 3.33% | 3.20% | 3.28% | 3.37% | 3.58% |
| ▅▄▁▅▃▄█▇ | Return on Assets (%) | 0.51% | 0.45% | -0.20% | 0.55% | 0.15% | 0.38% | 1.13% | 0.95% |
| ▄▄▆▇██▁▅ | Efficiency Ratio (%) | 69.7% | 70.2% | 73.3% | 76.5% | 80.2% | 78.6% | 60.8% | 70.6% |
| ▇█▇▃▃▃▂▁ | Cost of Funds (%) | 2.58% | 2.72% | 2.56% | 2.15% | 2.17% | 2.12% | 2.01% | 1.85% |
| ▁▁▁▁▇███ | NPA / Assets (%) | 0.33% | 0.40% | 0.45% | 0.40% | 2.04% | 2.20% | 2.15% | 2.36% |
| ▁▁▁▁▇███ | Net Charge-Off Ratio (%) | 0.39% | 0.47% | 0.53% | 0.47% | 2.40% | 2.55% | 2.51% | 2.77% |
| ▅▆▁▂▂▃██ | Tang. Book Value ($M) | $352 | $362 | $317 | $326 | $326 | $335 | $375 | $379 |
| ▅▆▁▁▃▅▆█ | Gross Loans ($M) | $3,394 | $3,431 | $3,134 | $3,117 | $3,257 | $3,402 | $3,449 | $3,619 |
| ▆▅▁▁▆▆██ | Total Deposits ($M) | $3,369 | $3,333 | $3,212 | $3,191 | $3,360 | $3,371 | $3,431 | $3,431 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 60% |
| C&I / Commercial | 16% |
| Consumer | 8% |
| Other | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 82% |
| Brokered / Other | 3% |