Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.31% | +0.78 | 0.53% |
| Return on Equity (%) | ▲ | 12.48% | +6.95 | 5.53% |
| Net Interest Margin (%) | ▼ | 3.35% | -0.07 | 3.42% |
| Efficiency Ratio (%) | ▲ | 52.42% | -17.51 | 69.93% |
| Pre-Provision Profit ($M) | ▲ | $30 | +12.85 | $17 |
| Cost of Funds (%) | ▲ | 1.44% | -0.20 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,952 | +3.47 | $6,948 |
| Gross Loans ($M) | ▲ | $4,981 | +84.49 | $4,896 |
| Loan Growth YoY (%) | ▲ | 87.78% | +1.69 | 86.09% |
| Total Deposits ($M) | ▼ | $5,622 | -10.59 | $5,633 |
| Shareholders Equity ($M) | ▲ | $736 | +64.14 | $672 |
| Tang. Book Value ($M) | ▲ | $540 | +72.46 | $468 |
| TBV excl. AOCI ($M)** | ▲ | $609 | +73.56 | $535 |
| Loan / Deposit Ratio (%) | ▲ | 87.78% | +1.69 | 86.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.16% | +0.05 | 0.11% |
| Allowance / Loans (%) | — | 0.92% | -0.04% | 0.95% |
| Net Charge-Off Ratio (%) | ▼ | 0.22% | +0.07 | 0.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.59% | +1.08 | 11.51% |
Noninterest income ($12.03M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁█████ | Net Interest Margin (%) | 2.45% | 2.50% | 2.55% | 3.42% | 3.34% | 3.34% | 3.37% | 3.35% |
| ▅▅▅▁▂▄▆█ | Return on Assets (%) | 0.92% | 0.93% | 0.97% | 0.53% | 0.72% | 0.91% | 1.03% | 1.31% |
| ▅▅▅█▅▄▃▁ | Efficiency Ratio (%) | 63.2% | 63.1% | 61.8% | 69.9% | 63.2% | 59.2% | 57.1% | 52.4% |
| ██▆▃▄▃▂▁ | Cost of Funds (%) | 2.05% | 2.05% | 1.89% | 1.64% | 1.68% | 1.64% | 1.55% | 1.44% |
| ▃▁▁▁█▂▁▄ | NPA / Assets (%) | 0.14% | 0.09% | 0.08% | 0.11% | 0.26% | 0.12% | 0.10% | 0.16% |
| ▃▁▁▁█▂▁▄ | Net Charge-Off Ratio (%) | 0.19% | 0.13% | 0.12% | 0.15% | 0.37% | 0.17% | 0.14% | 0.22% |
| ▁▂▂▄▅▆██ | Tang. Book Value ($M) | $424 | $446 | $442 | $468 | $488 | $510 | $528 | $540 |
| ▁▁▁▇████ | Gross Loans ($M) | $4,154 | $4,128 | $4,126 | $4,896 | $4,954 | $5,013 | $4,980 | $4,981 |
| ▁▁▁██▇██ | Total Deposits ($M) | $4,548 | $4,610 | $4,672 | $5,633 | $5,546 | $5,437 | $5,576 | $5,622 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 76% |
| Brokered / Other | 5% |