Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.34% | +0.21 | 1.13% |
| Return on Equity (%) | ▲ | 15.62% | +1.68 | 13.94% |
| Net Interest Margin (%) | ▲ | 3.50% | +0.33 | 3.17% |
| Efficiency Ratio (%) | ▲ | 58.30% | -2.72 | 61.01% |
| Pre-Provision Profit ($M) | ▲ | $24 | +4.35 | $20 |
| Cost of Funds (%) | ▲ | 1.86% | -0.07 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $5,457 | +309.58 | $5,147 |
| Gross Loans ($M) | ▲ | $3,979 | +180.43 | $3,798 |
| Loan Growth YoY (%) | ▼ | 87.20% | -3.23 | 90.44% |
| Total Deposits ($M) | ▲ | $4,521 | +361.48 | $4,159 |
| Shareholders Equity ($M) | ▲ | $464 | +48.91 | $415 |
| Tang. Book Value ($M) | ▲ | $453 | +49.13 | $404 |
| TBV excl. AOCI ($M)** | ▲ | $502 | +52.09 | $450 |
| Loan / Deposit Ratio (%) | ▼ | 87.20% | -3.23 | 90.44% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.65% | -0.11 | 0.76% |
| Allowance / Loans (%) | — | 0.93% | -0.05% | 0.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.88% | -0.15 | 1.03% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.36% | +0.88 | 11.48% |
Noninterest income ($13.08M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▅▅▆▇█ | Net Interest Margin (%) | 2.80% | 2.88% | 2.95% | 3.17% | 3.22% | 3.28% | 3.33% | 3.50% |
| ▁▁▂▅▅▆▅█ | Return on Assets (%) | 0.87% | 0.91% | 0.94% | 1.13% | 1.11% | 1.17% | 1.15% | 1.34% |
| █▇▆▃▂▂▃▁ | Efficiency Ratio (%) | 66.1% | 65.0% | 64.0% | 61.0% | 59.8% | 59.5% | 60.3% | 58.3% |
| ██▅▂▄▄▃▁ | Cost of Funds (%) | 2.23% | 2.21% | 2.07% | 1.93% | 2.01% | 2.02% | 1.96% | 1.86% |
| ▁██▆▇█▄▃ | NPA / Assets (%) | 0.59% | 0.80% | 0.82% | 0.76% | 0.77% | 0.81% | 0.70% | 0.65% |
| ▁▇█▇▇█▅▃ | Net Charge-Off Ratio (%) | 0.77% | 1.04% | 1.08% | 1.03% | 1.01% | 1.08% | 0.93% | 0.88% |
| ▁▁▃▃▅▆██ | Tang. Book Value ($M) | $379 | $387 | $398 | $404 | $421 | $431 | $447 | $453 |
| ▁▁▃▂▆▅▇█ | Gross Loans ($M) | $3,748 | $3,758 | $3,810 | $3,798 | $3,900 | $3,889 | $3,926 | $3,979 |
| ▁▁▃▅▅▆▇█ | Total Deposits ($M) | $3,709 | $3,722 | $4,011 | $4,159 | $4,175 | $4,242 | $4,384 | $4,521 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 11% |
| Consumer | 19% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 19% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 25% |