Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 7.13% | +6.31 | 0.82% |
| Return on Equity (%) | ▲ | 77.85% | +67.95 | 9.90% |
| Net Interest Margin (%) | ▲ | 3.15% | +0.41 | 2.74% |
| Efficiency Ratio (%) | ▲ | 28.28% | -45.81 | 74.09% |
| Pre-Provision Profit ($M) | ▲ | $76 | +66.04 | $10 |
| Cost of Funds (%) | ▲ | 1.95% | -0.26 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,778 | +84.92 | $4,694 |
| Gross Loans ($M) | ▲ | $3,729 | +41.31 | $3,687 |
| Loan Growth YoY (%) | ▲ | 86.77% | +0.75 | 86.01% |
| Total Deposits ($M) | ▲ | $4,237 | +35.44 | $4,202 |
| Shareholders Equity ($M) | ▲ | $482 | +87.67 | $394 |
| Tang. Book Value ($M) | ▲ | $480 | +85.60 | $394 |
| TBV excl. AOCI ($M)** | ▲ | $514 | +81.44 | $432 |
| Loan / Deposit Ratio (%) | ▲ | 86.77% | +0.75 | 86.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.57% | -5.01 | 5.58% |
| Allowance / Loans (%) | — | 1.41% | -0.59% | 1.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.64% | -6.45 | 7.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.02% | +2.17 | 10.85% |
Noninterest income ($69.64M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▅█ | Net Interest Margin (%) | 2.67% | 2.68% | 2.68% | 2.74% | 2.82% | 2.88% | 2.92% | 3.15% |
| ▁▁▁▁▁▁▁█ | Return on Assets (%) | 0.52% | 0.53% | 0.59% | 0.82% | 0.80% | 0.70% | 0.72% | 7.13% |
| ███████▁ | Efficiency Ratio (%) | 78.1% | 78.3% | 79.1% | 74.1% | 75.1% | 73.8% | 74.6% | 28.3% |
| ▇█▇▅▄▃▂▁ | Cost of Funds (%) | 2.34% | 2.41% | 2.35% | 2.20% | 2.12% | 2.10% | 2.04% | 1.95% |
| ██▇▇▇▇▆▁ | NPA / Assets (%) | 6.68% | 6.27% | 5.59% | 5.58% | 5.28% | 5.35% | 5.05% | 0.57% |
| ██▇▇▇▇▆▁ | Net Charge-Off Ratio (%) | 8.46% | 8.00% | 7.15% | 7.09% | 6.69% | 6.74% | 6.29% | 0.64% |
| ▁▂▂▃▃▃▃█ | Tang. Book Value ($M) | $360 | $383 | $377 | $394 | $392 | $402 | $395 | $480 |
| ▁▂▂▄▅▇█▅ | Gross Loans ($M) | $3,550 | $3,596 | $3,625 | $3,687 | $3,747 | $3,836 | $3,880 | $3,729 |
| ▁▅▇█████ | Total Deposits ($M) | $3,882 | $4,085 | $4,154 | $4,202 | $4,230 | $4,216 | $4,212 | $4,237 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 4% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 12% |