Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.33% | -0.28 | 2.62% |
| Return on Equity (%) | ▼ | 21.09% | -2.42 | 23.51% |
| Net Interest Margin (%) | ▼ | 6.00% | -0.10 | 6.10% |
| Efficiency Ratio (%) | ▲ | 45.31% | -0.06 | 45.37% |
| Pre-Provision Profit ($M) | ▲ | $22 | +3.74 | $18 |
| Cost of Funds (%) | ▼ | 0.84% | +0.03 | 0.81% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,405 | +471.58 | $1,934 |
| Gross Loans ($M) | ▲ | $1,814 | +403.44 | $1,411 |
| Loan Growth YoY (%) | ▲ | 84.44% | +2.58 | 81.86% |
| Total Deposits ($M) | ▲ | $2,121 | +421.11 | $1,700 |
| Shareholders Equity ($M) | ▲ | $267 | +48.32 | $219 |
| Tang. Book Value ($M) | ▲ | $267 | +48.32 | $219 |
| TBV excl. AOCI ($M)** | ▲ | $283 | +48.96 | $234 |
| Loan / Deposit Ratio (%) | ▲ | 84.44% | +2.58 | 81.86% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.03% | -0.38 | 0.41% |
| Allowance / Loans (%) | — | 1.29% | -0.08% | 1.37% |
| Net Charge-Off Ratio (%) | ▲ | 0.04% | -0.53 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.25% | -1.00 | 15.24% |
Noninterest income ($6.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▅▅▇██▁ | Net Interest Margin (%) | 5.98% | 6.08% | 6.10% | 6.10% | 6.17% | 6.21% | 6.19% | 6.00% |
| ▇██▆▅▇▇▁ | Return on Assets (%) | 2.69% | 2.74% | 2.75% | 2.62% | 2.58% | 2.69% | 2.66% | 2.33% |
| █▆▂▆▁▁▁▆ | Efficiency Ratio (%) | 45.8% | 45.3% | 44.7% | 45.4% | 44.6% | 44.5% | 44.4% | 45.3% |
| ▁▁▆▅▆█▇▆ | Cost of Funds (%) | 0.72% | 0.74% | 0.83% | 0.81% | 0.84% | 0.89% | 0.85% | 0.84% |
| ███▅▆▅▅▁ | NPA / Assets (%) | 0.65% | 0.62% | 0.58% | 0.41% | 0.43% | 0.40% | 0.37% | 0.03% |
| ███▆▆▅▅▁ | Net Charge-Off Ratio (%) | 0.87% | 0.85% | 0.79% | 0.57% | 0.59% | 0.56% | 0.49% | 0.04% |
| ▁▂▂▄▅▆▇█ | Tang. Book Value ($M) | $189 | $205 | $204 | $219 | $230 | $244 | $258 | $267 |
| ▁▁▂▃▄▅██ | Gross Loans ($M) | $1,260 | $1,297 | $1,393 | $1,411 | $1,490 | $1,544 | $1,754 | $1,814 |
| ▁▁▃▃▄▆██ | Total Deposits ($M) | $1,498 | $1,547 | $1,655 | $1,700 | $1,797 | $1,896 | $2,075 | $2,121 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 28% |
| C&I / Commercial | 70% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 73% |