Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.08% | -0.94 | 1.02% |
| Return on Equity (%) | ▼ | 0.71% | -8.46 | 9.17% |
| Net Interest Margin (%) | ▲ | 4.02% | +0.60 | 3.42% |
| Efficiency Ratio (%) | ▲ | 58.76% | -10.02 | 68.78% |
| Pre-Provision Profit ($M) | ▲ | $14 | +6.01 | $8 |
| Cost of Funds (%) | ▲ | 1.50% | -0.26 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $3,154 | +556.96 | $2,597 |
| Gross Loans ($M) | ▲ | $2,389 | +488.61 | $1,900 |
| Loan Growth YoY (%) | ▲ | 89.85% | +1.21 | 88.64% |
| Total Deposits ($M) | ▲ | $2,621 | +500.15 | $2,121 |
| Shareholders Equity ($M) | ▲ | $345 | +53.74 | $291 |
| Tang. Book Value ($M) | ▲ | $267 | +33.11 | $234 |
| TBV excl. AOCI ($M)** | ▲ | $292 | +37.65 | $254 |
| Loan / Deposit Ratio (%) | ▲ | 89.85% | +1.21 | 88.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.34% | +0.40 | 0.94% |
| Allowance / Loans (%) | — | 1.42% | 0.35% | 1.06% |
| Net Charge-Off Ratio (%) | ▼ | 1.76% | +0.49 | 1.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.24% | -1.91 | 14.15% |
Noninterest income ($8.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▃▅█ | Net Interest Margin (%) | 3.40% | 3.40% | 3.43% | 3.42% | 3.52% | 3.59% | 3.75% | 4.02% |
| ██████▇▁ | Return on Assets (%) | 0.96% | 0.98% | 1.06% | 1.02% | 1.01% | 1.02% | 0.92% | 0.08% |
| █▇▇█▆▆█▁ | Efficiency Ratio (%) | 68.9% | 67.7% | 66.8% | 68.8% | 66.5% | 65.6% | 69.4% | 58.8% |
| ▆██▅▄▄▃▁ | Cost of Funds (%) | 1.79% | 1.90% | 1.93% | 1.75% | 1.69% | 1.67% | 1.61% | 1.50% |
| ▁▃▃▃▄▄▅█ | NPA / Assets (%) | 0.77% | 0.93% | 0.93% | 0.94% | 0.99% | 1.03% | 1.06% | 1.34% |
| ▁▃▃▃▄▄▅█ | Net Charge-Off Ratio (%) | 1.03% | 1.29% | 1.26% | 1.27% | 1.31% | 1.38% | 1.40% | 1.76% |
| ▁▂▂▃▄▅██ | Tang. Book Value ($M) | $216 | $230 | $228 | $234 | $239 | $246 | $272 | $267 |
| ▁▁▁▁▁▁██ | Gross Loans ($M) | $1,895 | $1,896 | $1,898 | $1,900 | $1,923 | $1,947 | $2,356 | $2,389 |
| ▁▂▁▁▁▂██ | Total Deposits ($M) | $2,075 | $2,152 | $2,112 | $2,121 | $2,128 | $2,184 | $2,585 | $2,621 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 69% |
| Brokered / Other | 8% |