Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.47% | +0.04 | 1.44% |
| Return on Equity (%) | ▲ | 10.18% | +0.01 | 10.17% |
| Net Interest Margin (%) | ▲ | 3.91% | +0.10 | 3.81% |
| Efficiency Ratio (%) | ▲ | 54.47% | -1.73 | 56.20% |
| Pre-Provision Profit ($M) | ▲ | $47 | +4.47 | $43 |
| Cost of Funds (%) | ▲ | 1.50% | -0.17 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $9,940 | +226.21 | $9,713 |
| Gross Loans ($M) | ▲ | $7,960 | +123.73 | $7,836 |
| Loan Growth YoY (%) | ▼ | 95.70% | -1.81 | 97.51% |
| Total Deposits ($M) | ▲ | $8,220 | +285.24 | $7,935 |
| Shareholders Equity ($M) | ▲ | $1,406 | +18.46 | $1,387 |
| Tang. Book Value ($M) | ▲ | $1,025 | +19.72 | $1,006 |
| TBV excl. AOCI ($M)** | ▲ | $1,076 | +19.63 | $1,056 |
| Loan / Deposit Ratio (%) | ▼ | 95.70% | -1.81 | 97.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.50% | +0.27 | 0.23% |
| Allowance / Loans (%) | — | 1.17% | -0.09% | 1.26% |
| Net Charge-Off Ratio (%) | ▼ | 0.63% | +0.34 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.87% | -0.39 | 14.25% |
Noninterest income ($14.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▆▅▁▃▆█▆ | Net Interest Margin (%) | 3.89% | 3.90% | 3.88% | 3.81% | 3.86% | 3.91% | 3.94% | 3.91% |
| ▁▁▂▅▃▅▅█ | Return on Assets (%) | 1.38% | 1.39% | 1.40% | 1.44% | 1.40% | 1.43% | 1.43% | 1.47% |
| ▃▄▄▆█▅▃▁ | Efficiency Ratio (%) | 55.2% | 55.3% | 55.5% | 56.2% | 56.8% | 55.9% | 55.2% | 54.5% |
| ▇█▆▄▄▄▂▁ | Cost of Funds (%) | 1.82% | 1.92% | 1.81% | 1.67% | 1.69% | 1.70% | 1.60% | 1.50% |
| ▄▃▂▁▁▇█▇ | NPA / Assets (%) | 0.36% | 0.33% | 0.29% | 0.23% | 0.22% | 0.51% | 0.56% | 0.50% |
| ▄▃▂▁▁▇█▇ | Net Charge-Off Ratio (%) | 0.45% | 0.41% | 0.36% | 0.29% | 0.27% | 0.62% | 0.69% | 0.63% |
| ▁▃▃▅▆▇█▆ | Tang. Book Value ($M) | $916 | $968 | $970 | $1,006 | $1,031 | $1,059 | $1,081 | $1,025 |
| ▁▁▂▄▆▇█▆ | Gross Loans ($M) | $7,714 | $7,689 | $7,743 | $7,836 | $7,934 | $7,981 | $8,073 | $7,960 |
| ▁▁▃▄▅▅▅█ | Total Deposits ($M) | $7,713 | $7,689 | $7,822 | $7,935 | $7,966 | $7,969 | $7,971 | $8,220 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 14% |
| Consumer | 1% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 9% |