Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.11 | 1.22% |
| Return on Equity (%) | ▲ | 10.73% | +0.82 | 9.91% |
| Net Interest Margin (%) | ▲ | 4.21% | +0.02 | 4.19% |
| Efficiency Ratio (%) | ▲ | 56.13% | -1.16 | 57.29% |
| Pre-Provision Profit ($M) | ▲ | $51 | +4.39 | $47 |
| Cost of Funds (%) | ▲ | 1.47% | -0.17 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,638 | +403.28 | $9,235 |
| Gross Loans ($M) | ▲ | $6,774 | +343.32 | $6,431 |
| Loan Growth YoY (%) | ▲ | 86.98% | +5.11 | 81.88% |
| Total Deposits ($M) | ▼ | $7,698 | -76.98 | $7,775 |
| Shareholders Equity ($M) | ▲ | $1,192 | +46.40 | $1,146 |
| Tang. Book Value ($M) | ▲ | $801 | +54.90 | $746 |
| TBV excl. AOCI ($M)** | ▲ | $896 | +58.22 | $837 |
| Loan / Deposit Ratio (%) | ▲ | 86.98% | +5.11 | 81.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.41% | -0.08 | 0.50% |
| Allowance / Loans (%) | — | 1.16% | 0.14% | 1.01% |
| Net Charge-Off Ratio (%) | ▲ | 0.58% | -0.04 | 0.62% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.12% | -0.09 | 12.21% |
Noninterest income ($28.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆██▁▁▃▄▁ | Net Interest Margin (%) | 4.29% | 4.33% | 4.32% | 4.19% | 4.20% | 4.24% | 4.25% | 4.21% |
| ███▃▁▂▄▅ | Return on Assets (%) | 1.43% | 1.46% | 1.42% | 1.22% | 1.12% | 1.20% | 1.27% | 1.32% |
| ▃▁▃██▆▅▅ | Efficiency Ratio (%) | 55.5% | 54.7% | 55.5% | 57.3% | 57.0% | 56.4% | 56.3% | 56.1% |
| ██▆▄▂▄▃▁ | Cost of Funds (%) | 1.86% | 1.91% | 1.75% | 1.64% | 1.57% | 1.67% | 1.60% | 1.47% |
| ▃█▃▂▂▂▁▁ | NPA / Assets (%) | 0.53% | 0.76% | 0.53% | 0.50% | 0.49% | 0.47% | 0.44% | 0.41% |
| ▂█▂▁▁▁▂▁ | Net Charge-Off Ratio (%) | 0.65% | 0.99% | 0.67% | 0.62% | 0.61% | 0.58% | 0.63% | 0.58% |
| ▁▄▃▅▆███ | Tang. Book Value ($M) | $683 | $731 | $718 | $746 | $759 | $790 | $791 | $801 |
| ▁▁▂▃▆███ | Gross Loans ($M) | $6,329 | $6,275 | $6,360 | $6,431 | $6,605 | $6,732 | $6,760 | $6,774 |
| ▁▃▅▇▆█▇▆ | Total Deposits ($M) | $7,342 | $7,521 | $7,642 | $7,775 | $7,684 | $7,877 | $7,750 | $7,698 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 27% |
| Consumer | 12% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 21% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 9% |