Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.79% | -0.07 | 0.86% |
| Return on Equity (%) | ▼ | 6.64% | -1.00 | 7.64% |
| Net Interest Margin (%) | ▲ | 4.26% | +0.26 | 3.99% |
| Efficiency Ratio (%) | ▼ | 67.81% | +1.71 | 66.10% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.85 | $5 |
| Cost of Funds (%) | ▲ | 1.74% | -0.39 | 2.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,345 | -232.80 | $1,578 |
| Gross Loans ($M) | ▼ | $1,006 | -79.73 | $1,086 |
| Loan Growth YoY (%) | ▲ | 88.52% | +8.16 | 80.36% |
| Total Deposits ($M) | ▼ | $1,117 | -224.23 | $1,342 |
| Shareholders Equity ($M) | ▼ | $161 | -15.23 | $176 |
| Tang. Book Value ($M) | ▼ | $119 | -11.23 | $130 |
| TBV excl. AOCI ($M)** | ▼ | $129 | -16.23 | $145 |
| Loan / Deposit Ratio (%) | ▲ | 88.52% | +8.16 | 80.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.45% | +2.88 | 0.57% |
| Allowance / Loans (%) | — | 1.69% | 0.97% | 0.71% |
| Net Charge-Off Ratio (%) | ▼ | 4.61% | +3.78 | 0.83% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄█████ | Net Interest Margin (%) | 2.06% | 2.79% | 3.12% | 3.99% | 4.01% | 4.09% | 4.15% | 4.26% |
| ▄▆▆██▂▁█ | Return on Assets (%) | 0.06% | 0.42% | 0.52% | 0.86% | 0.87% | -0.28% | -0.51% | 0.79% |
| ▁▁▅▇▇▆▅█ | Efficiency Ratio (%) | 57.6% | 58.4% | 62.8% | 66.1% | 66.1% | 64.2% | 64.0% | 67.8% |
| ▁██▇██▇▆ | Cost of Funds (%) | 0.11% | 2.44% | 2.36% | 2.13% | 2.29% | 2.22% | 1.96% | 1.74% |
| ▁▂▂▂▂▄██ | NPA / Assets (%) | 0.09% | 0.55% | 0.57% | 0.57% | 0.59% | 1.72% | 3.73% | 3.45% |
| ▁▂▂▂▂▄██ | Net Charge-Off Ratio (%) | 0.14% | 0.84% | 0.83% | 0.83% | 0.85% | 2.30% | 4.92% | 4.61% |
| ▆█▅▆█▂▁▁ | Tang. Book Value ($M) | $130 | $135 | $128 | $130 | $133 | $122 | $118 | $119 |
| ▄▆▇███▄▁ | Gross Loans ($M) | $1,040 | $1,058 | $1,071 | $1,086 | $1,085 | $1,077 | $1,045 | $1,006 |
| ▇█▇▇█▄▂▁ | Total Deposits ($M) | $1,352 | $1,411 | $1,352 | $1,342 | $1,377 | $1,253 | $1,154 | $1,117 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 18% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 10% |