Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.40% | +3.11 | -3.51% |
| Return on Equity (%) | ▲ | -6.82% | +56.54 | -63.36% |
| Net Interest Margin (%) | ▲ | 2.03% | +0.93 | 1.10% |
| Efficiency Ratio (%) | ▼ | 121.24% | +121.24 | 0.00% |
| Pre-Provision Profit ($M) | ▲ | $-1 | +10.79 | $-12 |
| Cost of Funds (%) | ▲ | 2.85% | -1.26 | 4.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $944 | -174.89 | $1,119 |
| Gross Loans ($M) | ▼ | $645 | -145.98 | $791 |
| Loan Growth YoY (%) | ▼ | 78.25% | -20.11 | 98.36% |
| Total Deposits ($M) | ▲ | $816 | +20.55 | $795 |
| Shareholders Equity ($M) | ▼ | $56 | -6.21 | $62 |
| Tang. Book Value ($M) | ▼ | $56 | -6.18 | $62 |
| TBV excl. AOCI ($M)** | ▼ | $61 | -6.96 | $68 |
| Loan / Deposit Ratio (%) | ▼ | 78.25% | -20.11 | 98.36% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.68% | +0.64 | 2.04% |
| Allowance / Loans (%) | — | 1.08% | -0.06% | 1.15% |
| Net Charge-Off Ratio (%) | ▼ | 3.88% | +1.00 | 2.88% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 9.82% | +0.30 | 9.52% |
Noninterest income ($1.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▅█ | Net Interest Margin (%) | 0.84% | 0.88% | 0.91% | 1.10% | 1.20% | 1.41% | 1.50% | 2.03% |
| ▅▆▆▁▄▅▅█ | Return on Assets (%) | -1.58% | -1.42% | -1.33% | -3.51% | -2.13% | -1.64% | -1.80% | -0.40% |
| ▁▁▁▁█▁▁▁ | Efficiency Ratio (%) | 250.5% | 247.8% | 238.6% | 0.0% | 4,730.7% | 411.5% | 504.6% | 121.2% |
| ▇█▇▇▄▄▄▁ | Cost of Funds (%) | 4.09% | 4.44% | 4.16% | 4.11% | 3.57% | 3.57% | 3.48% | 2.85% |
| ▁▅▄▆▆▅▅█ | NPA / Assets (%) | 0.60% | 1.65% | 1.54% | 2.04% | 2.03% | 1.65% | 1.74% | 2.68% |
| ▁▄▅▆▆▅▅█ | Net Charge-Off Ratio (%) | 0.27% | 1.88% | 2.15% | 2.88% | 2.75% | 2.17% | 2.45% | 3.88% |
| ██▇▃▃▃▁▁ | Tang. Book Value ($M) | $74 | $72 | $71 | $62 | $60 | $61 | $55 | $56 |
| ███▄▄▄▁▁ | Gross Loans ($M) | $954 | $928 | $928 | $791 | $800 | $767 | $658 | $645 |
| ███▁▅▂▂▂ | Total Deposits ($M) | $915 | $904 | $901 | $795 | $862 | $815 | $821 | $816 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 13% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 33% |
| Brokered / Other | 54% |