Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.59% | +0.38 | 1.21% |
| Return on Equity (%) | ▲ | 18.24% | +6.19 | 12.05% |
| Net Interest Margin (%) | ▼ | 8.31% | -0.87 | 9.18% |
| Efficiency Ratio (%) | ▲ | 80.02% | -1.07 | 81.09% |
| Pre-Provision Profit ($M) | ▲ | $18 | +9.16 | $9 |
| Cost of Funds (%) | ▼ | 0.68% | +0.08 | 0.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,681 | +932.90 | $1,748 |
| Gross Loans ($M) | ▲ | $1,092 | +285.88 | $807 |
| Loan Growth YoY (%) | ▼ | 45.13% | -6.94 | 52.07% |
| Total Deposits ($M) | ▲ | $2,386 | +849.92 | $1,536 |
| Shareholders Equity ($M) | ▲ | $234 | +63.24 | $171 |
| Tang. Book Value ($M) | ▲ | $188 | +61.93 | $126 |
| TBV excl. AOCI ($M)** | ▲ | $202 | +67.68 | $134 |
| Loan / Deposit Ratio (%) | ▼ | 45.13% | -6.94 | 52.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.94% | +0.10 | 0.84% |
| Allowance / Loans (%) | — | 1.41% | 0.61% | 0.81% |
| Net Charge-Off Ratio (%) | ▼ | 2.31% | +0.48 | 1.83% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 22.40% | -3.86 | 26.27% |
Noninterest income ($52.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▃▃▄▃▁ | Net Interest Margin (%) | 11.61% | 11.34% | 10.84% | 9.18% | 9.50% | 9.68% | 9.39% | 8.31% |
| ▄▆█▁▂▃▂▅ | Return on Assets (%) | 1.55% | 1.68% | 1.91% | 1.21% | 1.31% | 1.43% | 1.34% | 1.59% |
| █▇▂▅▄▄▁▃ | Efficiency Ratio (%) | 82.7% | 81.9% | 79.5% | 81.1% | 80.5% | 80.4% | 78.9% | 80.0% |
| █▇▄▁▄▄▁▂ | Cost of Funds (%) | 0.96% | 0.89% | 0.77% | 0.60% | 0.77% | 0.78% | 0.63% | 0.68% |
| █▅▂▁▂▁▁▂ | NPA / Assets (%) | 1.44% | 1.21% | 0.95% | 0.84% | 0.92% | 0.88% | 0.85% | 0.94% |
| ▄▂▃▁▁▃▅█ | Net Charge-Off Ratio (%) | 2.03% | 1.91% | 1.98% | 1.83% | 1.79% | 1.92% | 2.07% | 2.31% |
| ▁▁▂▃▃▇██ | Tang. Book Value ($M) | $100 | $107 | $120 | $126 | $132 | $173 | $181 | $188 |
| ▁▁▂▂▄▅██ | Gross Loans ($M) | $715 | $719 | $764 | $807 | $897 | $907 | $1,072 | $1,092 |
| ▁▁▃▄▄▅██ | Total Deposits ($M) | $868 | $949 | $1,387 | $1,536 | $1,528 | $1,711 | $2,331 | $2,386 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 30% |
| C&I / Commercial | 4% |
| Consumer | 65% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 47% |
| Interest-Bearing (core) | 39% |
| Brokered / Other | 14% |