Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.15% | -0.09 | 1.24% |
| Return on Equity (%) | ▼ | 12.58% | -1.32 | 13.90% |
| Net Interest Margin (%) | ▲ | 3.70% | +0.13 | 3.57% |
| Efficiency Ratio (%) | ▲ | 47.83% | -4.69 | 52.52% |
| Pre-Provision Profit ($M) | ▲ | $49 | +12.34 | $37 |
| Cost of Funds (%) | ▲ | 1.25% | -0.18 | 1.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,168 | +878.52 | $8,290 |
| Gross Loans ($M) | ▲ | $5,034 | +352.64 | $4,681 |
| Loan Growth YoY (%) | ▼ | 60.47% | -1.53 | 62.01% |
| Total Deposits ($M) | ▲ | $8,212 | +755.05 | $7,456 |
| Shareholders Equity ($M) | ▲ | $836 | +75.75 | $760 |
| Tang. Book Value ($M) | ▲ | $822 | +76.28 | $746 |
| TBV excl. AOCI ($M)** | ▲ | $1,007 | +96.67 | $910 |
| Loan / Deposit Ratio (%) | ▼ | 60.47% | -1.53 | 62.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.08% | +0.67 | 0.41% |
| Allowance / Loans (%) | — | 1.35% | 0.12% | 1.23% |
| Net Charge-Off Ratio (%) | ▼ | 1.96% | +1.24 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.70% | -0.03 | 14.73% |
Noninterest income ($14.11M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▂▂▄▅█ | Net Interest Margin (%) | 3.54% | 3.56% | 3.60% | 3.57% | 3.57% | 3.61% | 3.63% | 3.70% |
| ██▇▄▄▅▅▁ | Return on Assets (%) | 1.36% | 1.35% | 1.32% | 1.24% | 1.25% | 1.26% | 1.26% | 1.15% |
| ▁▁▂█▅▅▆▂ | Efficiency Ratio (%) | 46.9% | 47.3% | 48.2% | 52.5% | 50.4% | 50.0% | 50.8% | 47.8% |
| ▆▆▅▆▆█▃▁ | Cost of Funds (%) | 1.41% | 1.43% | 1.40% | 1.43% | 1.42% | 1.50% | 1.33% | 1.25% |
| ▂▁▁▂▂▁▁█ | NPA / Assets (%) | 0.43% | 0.34% | 0.37% | 0.41% | 0.41% | 0.26% | 0.32% | 1.08% |
| ▂▁▁▂▂▁▁█ | Net Charge-Off Ratio (%) | 0.80% | 0.62% | 0.64% | 0.72% | 0.75% | 0.48% | 0.58% | 1.96% |
| ▁▄▂▄▆▅▇█ | Tang. Book Value ($M) | $676 | $733 | $707 | $746 | $779 | $766 | $799 | $822 |
| ▁▂▄▃▄▅▇█ | Gross Loans ($M) | $4,474 | $4,587 | $4,711 | $4,681 | $4,717 | $4,791 | $4,960 | $5,034 |
| ▃▄▁▂▅▅▇█ | Total Deposits ($M) | $7,479 | $7,617 | $7,233 | $7,456 | $7,760 | $7,832 | $7,993 | $8,212 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 25% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 41% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 2% |