Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.55% | -0.33 | 0.88% |
| Return on Equity (%) | ▼ | 4.40% | -2.76 | 7.16% |
| Net Interest Margin (%) | ▼ | 4.93% | -0.83 | 5.77% |
| Efficiency Ratio (%) | ▼ | 78.95% | +6.04 | 72.91% |
| Pre-Provision Profit ($M) | ▼ | $30 | -7.04 | $37 |
| Cost of Funds (%) | ▲ | 2.15% | -1.00 | 3.15% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,709 | +165.02 | $8,544 |
| Gross Loans ($M) | ▼ | $5,706 | -564.17 | $6,270 |
| Loan Growth YoY (%) | ▼ | 83.99% | -9.83 | 93.82% |
| Total Deposits ($M) | ▲ | $6,727 | +161.99 | $6,565 |
| Shareholders Equity ($M) | ▼ | $1,035 | -2.33 | $1,037 |
| Tang. Book Value ($M) | ▼ | $1,030 | -0.41 | $1,030 |
| TBV excl. AOCI ($M)** | ▲ | $1,110 | +16.84 | $1,093 |
| Loan / Deposit Ratio (%) | ▼ | 83.99% | -9.83 | 93.82% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.89% | -4.74 | 7.64% |
| Allowance / Loans (%) | — | 0.99% | -0.78% | 1.77% |
| Net Charge-Off Ratio (%) | ▲ | 3.45% | -6.95 | 10.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($45.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇█▇▇▆▁ | Net Interest Margin (%) | 5.83% | 5.78% | 5.72% | 5.77% | 5.65% | 5.62% | 5.60% | 4.93% |
| ▁▂▃█▅▃▁▄ | Return on Assets (%) | 0.24% | 0.39% | 0.43% | 0.88% | 0.57% | 0.44% | 0.29% | 0.55% |
| ██▇▁▄▃▇▄ | Efficiency Ratio (%) | 86.0% | 85.2% | 83.8% | 72.9% | 78.6% | 76.9% | 82.8% | 78.9% |
| ▇█▆▅█▃▃▁ | Cost of Funds (%) | 3.52% | 3.77% | 3.34% | 3.15% | 3.60% | 2.56% | 2.71% | 2.15% |
| █▇▇▆▁▁▂▁ | NPA / Assets (%) | 9.49% | 8.17% | 8.13% | 7.64% | 2.20% | 2.49% | 3.87% | 2.89% |
| ██▇▇▁▁▂▁ | Net Charge-Off Ratio (%) | 12.84% | 11.68% | 11.40% | 10.40% | 3.07% | 2.63% | 4.82% | 3.45% |
| ▁▁▃▅▆▇█▅ | Tang. Book Value ($M) | $1,000 | $994 | $1,017 | $1,030 | $1,040 | $1,047 | $1,059 | $1,030 |
| █▄▄▇▃▄▁▃ | Gross Loans ($M) | $6,513 | $5,901 | $5,898 | $6,270 | $5,695 | $5,785 | $5,304 | $5,706 |
| █▆▁▄▅▄▁▆ | Total Deposits ($M) | $7,024 | $6,742 | $6,234 | $6,565 | $6,649 | $6,592 | $6,189 | $6,727 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 22% |
| C&I / Commercial | 1% |
| Consumer | 49% |
| Other | 28% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 40% |
| Brokered / Other | 38% |