Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.98% | +0.03 | 1.95% |
| Return on Equity (%) | ▲ | 17.33% | +0.04 | 17.29% |
| Net Interest Margin (%) | ▲ | 3.90% | +0.04 | 3.86% |
| Efficiency Ratio (%) | ▲ | 44.91% | -1.36 | 46.27% |
| Pre-Provision Profit ($M) | ▲ | $67 | +5.22 | $61 |
| Cost of Funds (%) | ▲ | 1.65% | -0.22 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $9,279 | -362.84 | $9,642 |
| Gross Loans ($M) | ▲ | $7,875 | +115.31 | $7,760 |
| Loan Growth YoY (%) | ▲ | 98.39% | +6.45 | 91.94% |
| Total Deposits ($M) | ▼ | $7,928 | -428.56 | $8,357 |
| Shareholders Equity ($M) | ▲ | $1,097 | +20.06 | $1,077 |
| Tang. Book Value ($M) | ▲ | $1,039 | +20.70 | $1,018 |
| TBV excl. AOCI ($M)** | ▲ | $1,067 | +15.05 | $1,052 |
| Loan / Deposit Ratio (%) | ▲ | 98.39% | +6.45 | 91.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.39% | -0.06 | 0.45% |
| Allowance / Loans (%) | — | 0.95% | -0.04% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.36% | -0.08 | 0.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.08% | +0.46 | 11.61% |
Noninterest income ($34.87M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▁▅▇█▃ | Net Interest Margin (%) | 3.87% | 3.88% | 3.91% | 3.86% | 3.92% | 3.95% | 3.97% | 3.90% |
| ▁▄▇▇▁▁▅█ | Return on Assets (%) | 1.78% | 1.86% | 1.95% | 1.95% | 1.78% | 1.79% | 1.88% | 1.98% |
| ▁▅▅███▆▃ | Efficiency Ratio (%) | 44.4% | 45.4% | 45.4% | 46.3% | 46.2% | 46.2% | 45.8% | 44.9% |
| ██▆▃▃▄▂▁ | Cost of Funds (%) | 2.39% | 2.42% | 2.19% | 1.87% | 1.88% | 1.96% | 1.80% | 1.65% |
| █▅▄▁▅▂▁▁ | NPA / Assets (%) | 0.90% | 0.65% | 0.61% | 0.45% | 0.69% | 0.49% | 0.42% | 0.39% |
| █▃▁▂▇▃▁▁ | Net Charge-Off Ratio (%) | 0.78% | 0.49% | 0.34% | 0.44% | 0.72% | 0.47% | 0.39% | 0.36% |
| ▁▄▆▆▅▅▄█ | Tang. Book Value ($M) | $974 | $999 | $1,016 | $1,018 | $1,009 | $1,010 | $1,001 | $1,039 |
| ██▃▁▄▁▃▃ | Gross Loans ($M) | $8,067 | $8,106 | $7,881 | $7,760 | $7,926 | $7,784 | $7,861 | $7,875 |
| ▇█▅██▅█▁ | Total Deposits ($M) | $8,298 | $8,333 | $8,162 | $8,357 | $8,304 | $8,157 | $8,335 | $7,928 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 49% |
| C&I / Commercial | 35% |
| Consumer | 8% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 11% |