Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.50% | -0.05 | 1.55% |
| Return on Equity (%) | ▼ | 12.74% | -1.28 | 14.02% |
| Net Interest Margin (%) | ▲ | 4.27% | +0.06 | 4.21% |
| Efficiency Ratio (%) | ▼ | 64.78% | +0.33 | 64.45% |
| Pre-Provision Profit ($M) | ▼ | $22 | -0.76 | $23 |
| Cost of Funds (%) | ▼ | 0.70% | +0.01 | 0.69% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $4,451 | -9.89 | $4,461 |
| Gross Loans ($M) | ▼ | $2,543 | -138.72 | $2,682 |
| Loan Growth YoY (%) | ▼ | 65.47% | -3.06 | 68.52% |
| Total Deposits ($M) | ▼ | $3,838 | -33.09 | $3,871 |
| Shareholders Equity ($M) | ▲ | $522 | +29.84 | $493 |
| Tang. Book Value ($M) | ▲ | $432 | +29.85 | $403 |
| TBV excl. AOCI ($M)** | ▲ | $490 | +38.62 | $451 |
| Loan / Deposit Ratio (%) | ▼ | 65.47% | -3.06 | 68.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.29% | +0.19 | 0.10% |
| Allowance / Loans (%) | — | 1.22% | 0.11% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 0.44% | +0.28 | 0.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.69% | +2.12 | 15.56% |
Noninterest income ($20.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▅▇██▆ | Net Interest Margin (%) | 4.07% | 4.13% | 4.16% | 4.21% | 4.29% | 4.34% | 4.35% | 4.27% |
| ▁▁▁█▇▆▅▇ | Return on Assets (%) | 1.33% | 1.33% | 1.35% | 1.55% | 1.51% | 1.49% | 1.46% | 1.50% |
| ██▇▁▁▁▂▁ | Efficiency Ratio (%) | 68.1% | 68.6% | 67.9% | 64.5% | 64.9% | 64.9% | 65.2% | 64.8% |
| █▇▃▁▁▁▂▁ | Cost of Funds (%) | 0.84% | 0.81% | 0.75% | 0.69% | 0.71% | 0.69% | 0.72% | 0.70% |
| ▂▄▃▁▃▆▆█ | NPA / Assets (%) | 0.15% | 0.17% | 0.15% | 0.10% | 0.15% | 0.23% | 0.24% | 0.29% |
| ▂▃▃▁▃▅▆█ | Net Charge-Off Ratio (%) | 0.20% | 0.24% | 0.24% | 0.16% | 0.24% | 0.31% | 0.33% | 0.44% |
| ▁▂▄▅▆▇██ | Tang. Book Value ($M) | $365 | $377 | $391 | $403 | $412 | $421 | $428 | $432 |
| ██▇▇▆▃▂▁ | Gross Loans ($M) | $2,714 | $2,714 | $2,680 | $2,682 | $2,651 | $2,606 | $2,568 | $2,543 |
| ▁▁▄█▅▂▄▇ | Total Deposits ($M) | $3,684 | $3,660 | $3,751 | $3,871 | $3,791 | $3,711 | $3,756 | $3,838 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 6% |
| Consumer | 7% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 2% |