Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.04% | +0.14 | 0.90% |
| Return on Equity (%) | ▲ | 9.60% | +0.48 | 9.12% |
| Net Interest Margin (%) | ▲ | 3.52% | +0.31 | 3.21% |
| Efficiency Ratio (%) | ▲ | 57.81% | -8.18 | 65.99% |
| Pre-Provision Profit ($M) | ▲ | $23 | +7.41 | $16 |
| Cost of Funds (%) | ▲ | 1.80% | -0.22 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,900 | +492.80 | $5,407 |
| Gross Loans ($M) | ▲ | $4,526 | +529.62 | $3,996 |
| Loan Growth YoY (%) | ▲ | 86.17% | +3.97 | 82.20% |
| Total Deposits ($M) | ▲ | $5,201 | +386.23 | $4,815 |
| Shareholders Equity ($M) | ▲ | $645 | +107.78 | $537 |
| Tang. Book Value ($M) | ▲ | $550 | +117.06 | $433 |
| TBV excl. AOCI ($M)** | ▲ | $583 | +119.47 | $464 |
| Loan / Deposit Ratio (%) | ▲ | 86.17% | +3.97 | 82.20% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.21% | +0.06 | 0.15% |
| Allowance / Loans (%) | — | 0.97% | 0.02% | 0.96% |
| Net Charge-Off Ratio (%) | ▼ | 0.27% | +0.08 | 0.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.47% | +0.96 | 10.51% |
Noninterest income ($7.93M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▄▅▅▆█ | Net Interest Margin (%) | 2.99% | 3.07% | 3.13% | 3.21% | 3.27% | 3.30% | 3.36% | 3.52% |
| ▁▁▁▄▄▆▇█ | Return on Assets (%) | 0.79% | 0.80% | 0.80% | 0.90% | 0.91% | 0.97% | 1.00% | 1.04% |
| ███▇▆▄▃▁ | Efficiency Ratio (%) | 67.9% | 67.4% | 67.0% | 66.0% | 64.6% | 62.2% | 60.9% | 57.8% |
| ██▅▄▅▆▃▁ | Cost of Funds (%) | 2.25% | 2.28% | 2.08% | 2.02% | 2.06% | 2.11% | 1.96% | 1.80% |
| ▁▇▁▁▁▄▃█ | NPA / Assets (%) | 0.15% | 0.20% | 0.15% | 0.15% | 0.15% | 0.17% | 0.16% | 0.21% |
| ▁▇▂▁▁▅▄█ | Net Charge-Off Ratio (%) | 0.19% | 0.25% | 0.20% | 0.20% | 0.19% | 0.24% | 0.22% | 0.27% |
| ▁▁▁▂▃▇██ | Tang. Book Value ($M) | $404 | $418 | $418 | $433 | $449 | $519 | $536 | $550 |
| ▁▂▃▄▅▆▇█ | Gross Loans ($M) | $3,577 | $3,723 | $3,912 | $3,996 | $4,130 | $4,232 | $4,374 | $4,526 |
| ▁▁▄▅▆███ | Total Deposits ($M) | $4,324 | $4,329 | $4,691 | $4,815 | $4,876 | $5,105 | $5,162 | $5,201 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 18% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 9% |