Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.17% | +0.16 | -0.33% |
| Return on Equity (%) | ▲ | -1.12% | +1.35 | -2.47% |
| Net Interest Margin (%) | ▲ | 3.31% | +0.15 | 3.16% |
| Efficiency Ratio (%) | ▼ | 102.10% | +0.27 | 101.83% |
| Pre-Provision Profit ($M) | ▼ | $-1 | -0.17 | $-1 |
| Cost of Funds (%) | ▲ | 3.19% | -0.08 | 3.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,070 | -115.03 | $1,185 |
| Gross Loans ($M) | ▼ | $961 | -71.39 | $1,032 |
| Loan Growth YoY (%) | ▼ | 125.62% | -4.91 | 130.52% |
| Total Deposits ($M) | ▼ | $760 | -24.78 | $785 |
| Shareholders Equity ($M) | ▲ | $164 | +8.22 | $156 |
| Tang. Book Value ($M) | ▲ | $150 | +44.27 | $106 |
| Loan / Deposit Ratio (%) | ▼ | 125.62% | -4.91 | 130.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.23% | +1.60 | 1.64% |
| Allowance / Loans (%) | — | 0.63% | -0.13% | 0.76% |
| Net Charge-Off Ratio (%) | ▼ | 3.47% | +1.62 | 1.85% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.14% | +3.07 | 17.07% |
Noninterest income ($39.70M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▄▅▆▇█▇ | Net Interest Margin (%) | 2.94% | 3.04% | 3.10% | 3.16% | 3.21% | 3.31% | 3.37% | 3.31% |
| ▁▃▆▂▇██▃ | Return on Assets (%) | -0.48% | -0.05% | 0.39% | -0.33% | 0.53% | 0.72% | 0.69% | -0.17% |
| █▅▂█▁▁▁█ | Efficiency Ratio (%) | 102.0% | 98.8% | 95.6% | 101.8% | 94.8% | 94.3% | 94.2% | 102.1% |
| █▇█▆▁▄▇▄ | Cost of Funds (%) | 3.35% | 3.31% | 3.35% | 3.26% | 3.04% | 3.19% | 3.29% | 3.19% |
| ▁▂▂▃▃▄██ | NPA / Assets (%) | 0.99% | 1.48% | 1.52% | 1.64% | 1.60% | 2.05% | 2.99% | 3.23% |
| ▁▂▃▃▃▄██ | Net Charge-Off Ratio (%) | 1.11% | 1.67% | 1.80% | 1.85% | 1.76% | 2.24% | 3.35% | 3.47% |
| ▁▁▂▂▅▅██ | Tang. Book Value ($M) | $96 | $102 | $104 | $106 | $127 | $129 | $151 | $150 |
| ▆▆▂▅█▇▄▁ | Gross Loans ($M) | $1,050 | $1,057 | $988 | $1,032 | $1,089 | $1,059 | $1,011 | $961 |
| ▁▆▅▅▆▅█▄ | Total Deposits ($M) | $714 | $791 | $775 | $785 | $787 | $777 | $828 | $760 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 45% |