Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 2.39% | +1.83 | 0.56% |
| Return on Equity (%) | ▲ | 7.47% | +4.28 | 3.19% |
| Net Interest Margin (%) | ▲ | 1.92% | +0.05 | 1.87% |
| Efficiency Ratio (%) | ▲ | 28.57% | -269.03 | 297.60% |
| Pre-Provision Profit ($M) | ▲ | $26 | +35.21 | $-9 |
| Cost of Funds (%) | ▲ | 2.19% | -1.28 | 3.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $3,169 | -3165.33 | $6,334 |
| Gross Loans ($M) | ▼ | $366 | -20.21 | $387 |
| Loan Growth YoY (%) | ▲ | 38.19% | +28.42 | 9.76% |
| Total Deposits ($M) | ▼ | $947 | -2867.07 | $3,814 |
| Shareholders Equity ($M) | ▼ | $961 | -206.55 | $1,167 |
| Tang. Book Value ($M) | ▼ | $961 | -206.57 | $1,167 |
| TBV excl. AOCI ($M)** | ▼ | $1,028 | -415.52 | $1,444 |
| Loan / Deposit Ratio (%) | ▲ | 38.19% | +28.42 | 9.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.34% | +3.52 | 0.83% |
| Allowance / Loans (%) | — | 1.27% | -2.39% | 3.66% |
| Net Charge-Off Ratio (%) | ▼ | 36.60% | +24.03 | 12.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 145.04% | -99.34 | 244.38% |
Noninterest income ($22.41M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▃▃▄▁▁▁▄ | Net Interest Margin (%) | 2.36% | 1.83% | 1.79% | 1.87% | 1.61% | 1.55% | 1.62% | 1.92% |
| █▄▄▁▁▁▁▃ | Return on Assets (%) | 7.75% | 3.31% | 3.99% | 0.56% | 0.58% | 0.31% | 0.58% | 2.39% |
| ▁▁▁█▃▄▂▁ | Efficiency Ratio (%) | 11.1% | 21.4% | 17.4% | 297.6% | 103.6% | 129.3% | 80.4% | 28.6% |
| ▆█▆█▆▄▄▁ | Cost of Funds (%) | 3.14% | 3.37% | 3.13% | 3.47% | 3.03% | 2.77% | 2.68% | 2.19% |
| ▂▁▁▁▁▁██ | NPA / Assets (%) | 1.13% | 0.92% | 0.80% | 0.83% | 0.92% | 0.53% | 3.93% | 4.34% |
| ▁▁▁▃▃▁██ | Net Charge-Off Ratio (%) | 6.05% | 3.02% | 5.23% | 12.57% | 12.53% | 5.63% | 34.06% | 36.60% |
| ▃▂▅████▁ | Tang. Book Value ($M) | $1,033 | $1,005 | $1,100 | $1,167 | $1,164 | $1,163 | $1,184 | $961 |
| ▃█▄▁▁▁▁▁ | Gross Loans ($M) | $833 | $1,654 | $947 | $387 | $383 | $347 | $399 | $366 |
| ▄▇██▄▃▁▁ | Total Deposits ($M) | $2,402 | $3,530 | $4,178 | $3,814 | $2,507 | $1,777 | $1,125 | $947 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 38% |
| Brokered / Other | 50% |