Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.22% | +0.63 | 0.58% |
| Return on Equity (%) | ▲ | 12.53% | +6.19 | 6.34% |
| Net Interest Margin (%) | ▲ | 3.45% | +0.39 | 3.06% |
| Efficiency Ratio (%) | ▲ | 59.76% | -6.77 | 66.53% |
| Pre-Provision Profit ($M) | ▲ | $18 | +4.96 | $13 |
| Cost of Funds (%) | ▲ | 1.55% | -0.14 | 1.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,501 | +60.59 | $4,440 |
| Gross Loans ($M) | ▲ | $3,439 | +22.10 | $3,417 |
| Loan Growth YoY (%) | ▼ | 84.82% | -0.34 | 85.15% |
| Total Deposits ($M) | ▲ | $4,015 | +46.31 | $3,968 |
| Shareholders Equity ($M) | ▲ | $438 | +32.99 | $405 |
| Tang. Book Value ($M) | ▲ | $412 | +33.25 | $379 |
| TBV excl. AOCI ($M)** | ▲ | $441 | +35.32 | $406 |
| Loan / Deposit Ratio (%) | ▼ | 84.82% | -0.34 | 85.15% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.10% | -0.33 | 0.43% |
| Allowance / Loans (%) | — | 0.99% | -0.12% | 1.11% |
| Net Charge-Off Ratio (%) | ▲ | 0.13% | -0.43 | 0.56% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.41% | +0.66 | 12.75% |
Noninterest income ($8.48M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 2.70% | 2.71% | 2.67% | 3.06% | 3.11% | 3.15% | 3.21% | 3.45% |
| ▂▃▂▁▃▅▆█ | Return on Assets (%) | 0.74% | 0.75% | 0.68% | 0.58% | 0.79% | 0.91% | 1.00% | 1.22% |
| ██▆▅▄▂▂▁ | Efficiency Ratio (%) | 73.1% | 71.9% | 68.1% | 66.5% | 64.9% | 62.9% | 61.8% | 59.8% |
| ▂▂█▁▁▁▁▁ | Cost of Funds (%) | 1.93% | 1.86% | 3.25% | 1.70% | 1.71% | 1.69% | 1.75% | 1.55% |
| ██▇▆▁▁▂▁ | NPA / Assets (%) | 0.58% | 0.57% | 0.49% | 0.43% | 0.14% | 0.14% | 0.19% | 0.10% |
| ██▆▅▁▁▂▁ | Net Charge-Off Ratio (%) | 0.81% | 0.85% | 0.61% | 0.56% | 0.18% | 0.18% | 0.24% | 0.13% |
| ▁▁▆▇▇▇██ | Tang. Book Value ($M) | $266 | $268 | $375 | $379 | $383 | $390 | $404 | $412 |
| ▁▁██████ | Gross Loans ($M) | $2,386 | $2,366 | $3,395 | $3,417 | $3,425 | $3,442 | $3,453 | $3,439 |
| ▁▂▇█▇█▇█ | Total Deposits ($M) | $2,944 | $3,118 | $3,828 | $3,968 | $3,930 | $4,100 | $3,940 | $4,015 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 64% |
| C&I / Commercial | 4% |
| Consumer | 31% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 11% |