Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.33 | 0.96% |
| Return on Equity (%) | ▲ | 12.51% | +2.03 | 10.48% |
| Net Interest Margin (%) | ▲ | 3.84% | +0.31 | 3.53% |
| Efficiency Ratio (%) | ▲ | 61.67% | -6.63 | 68.30% |
| Pre-Provision Profit ($M) | ▲ | $30 | +9.25 | $21 |
| Cost of Funds (%) | ▲ | 1.09% | -0.18 | 1.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,785 | +124.10 | $6,661 |
| Gross Loans ($M) | ▲ | $4,351 | +221.98 | $4,129 |
| Loan Growth YoY (%) | ▲ | 71.72% | +3.30 | 68.42% |
| Total Deposits ($M) | ▲ | $5,999 | +30.42 | $5,969 |
| Shareholders Equity ($M) | ▲ | $711 | +95.57 | $615 |
| Tang. Book Value ($M) | ▲ | $693 | +95.57 | $598 |
| TBV excl. AOCI ($M)** | ▲ | $781 | +90.95 | $690 |
| Loan / Deposit Ratio (%) | ▲ | 71.72% | +3.30 | 68.42% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.21% | -0.28 | 0.49% |
| Allowance / Loans (%) | — | 1.12% | 0.02% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 0.32% | +0.07 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.24% | +1.11 | 14.13% |
Noninterest income ($17.76M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▆▇▇█ | Net Interest Margin (%) | 3.09% | 3.12% | 3.19% | 3.53% | 3.62% | 3.67% | 3.72% | 3.84% |
| ▁▁▂▃▅▆▆█ | Return on Assets (%) | 0.79% | 0.83% | 0.86% | 0.96% | 1.06% | 1.11% | 1.16% | 1.29% |
| █▇▇▅▃▃▂▁ | Efficiency Ratio (%) | 74.1% | 72.0% | 71.1% | 68.3% | 66.0% | 64.9% | 64.4% | 61.7% |
| ██▆▃▃▃▂▁ | Cost of Funds (%) | 1.65% | 1.63% | 1.48% | 1.26% | 1.28% | 1.24% | 1.17% | 1.09% |
| ▆▆▇████▁ | NPA / Assets (%) | 0.42% | 0.42% | 0.44% | 0.49% | 0.50% | 0.47% | 0.49% | 0.21% |
| █▁▁▂▂▂▂▃ | Net Charge-Off Ratio (%) | 0.66% | 0.13% | 0.15% | 0.25% | 0.26% | 0.21% | 0.25% | 0.32% |
| ▁▂▂▃▄▅██ | Tang. Book Value ($M) | $558 | $587 | $578 | $598 | $612 | $636 | $679 | $693 |
| ▁▁▁▃▅▆██ | Gross Loans ($M) | $4,069 | $4,034 | $4,061 | $4,129 | $4,216 | $4,247 | $4,344 | $4,351 |
| ▁▃▁▅▃██▆ | Total Deposits ($M) | $5,816 | $5,894 | $5,848 | $5,969 | $5,903 | $6,087 | $6,079 | $5,999 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 5% |