Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.02% | +0.32 | 0.70% |
| Return on Equity (%) | ▲ | 12.41% | +3.47 | 8.94% |
| Net Interest Margin (%) | ▲ | 3.91% | +0.50 | 3.41% |
| Efficiency Ratio (%) | ▲ | 66.38% | -6.38 | 72.76% |
| Pre-Provision Profit ($M) | ▲ | $19 | +6.06 | $13 |
| Cost of Funds (%) | ▲ | 1.58% | -0.10 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,123 | +319.89 | $4,803 |
| Gross Loans ($M) | ▲ | $3,400 | +279.64 | $3,120 |
| Loan Growth YoY (%) | ▲ | 72.17% | +1.74 | 70.43% |
| Total Deposits ($M) | ▲ | $4,658 | +272.90 | $4,385 |
| Shareholders Equity ($M) | ▲ | $421 | +42.93 | $378 |
| Tang. Book Value ($M) | ▲ | $404 | +42.93 | $361 |
| TBV excl. AOCI ($M)** | ▲ | $454 | +40.56 | $414 |
| Loan / Deposit Ratio (%) | ▲ | 72.17% | +1.74 | 70.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.10 | 0.36% |
| Allowance / Loans (%) | — | 1.14% | 0.11% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 0.23% | -0.14 | 0.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.25% | -0.31 | 13.57% |
Noninterest income ($9.42M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 2.66% | 2.74% | 2.85% | 3.41% | 3.57% | 3.66% | 3.73% | 3.91% |
| ▁▁▂▄▅▆▇█ | Return on Assets (%) | 0.43% | 0.50% | 0.55% | 0.70% | 0.78% | 0.84% | 0.89% | 1.02% |
| █▇▇▄▃▂▂▁ | Efficiency Ratio (%) | 82.0% | 79.6% | 78.3% | 72.8% | 71.2% | 70.0% | 68.8% | 66.4% |
| ▇█▇▂▂▂▂▁ | Cost of Funds (%) | 1.95% | 2.02% | 1.95% | 1.67% | 1.66% | 1.65% | 1.67% | 1.58% |
| ██▆██▄▁▁ | NPA / Assets (%) | 0.35% | 0.35% | 0.33% | 0.36% | 0.36% | 0.31% | 0.26% | 0.26% |
| ▇█▅▇▆▃▁▁ | Net Charge-Off Ratio (%) | 0.37% | 0.40% | 0.32% | 0.37% | 0.34% | 0.27% | 0.20% | 0.23% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $331 | $347 | $348 | $361 | $372 | $384 | $397 | $404 |
| ▁▂▂▄▅▆▇█ | Gross Loans ($M) | $2,943 | $3,022 | $3,056 | $3,120 | $3,220 | $3,280 | $3,343 | $3,400 |
| ▁▁▁▄▃▆▇█ | Total Deposits ($M) | $4,220 | $4,269 | $4,269 | $4,385 | $4,350 | $4,511 | $4,566 | $4,658 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 9% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 84% |
| Brokered / Other | 10% |