Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.22% | -1.16 | 1.37% |
| Return on Equity (%) | ▼ | 1.79% | -9.91 | 11.70% |
| Net Interest Margin (%) | ▲ | 4.58% | +0.03 | 4.55% |
| Efficiency Ratio (%) | ▼ | 64.46% | +5.05 | 59.40% |
| Pre-Provision Profit ($M) | ▼ | $5 | -0.27 | $5 |
| Cost of Funds (%) | ▲ | 1.75% | -0.33 | 2.08% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,175 | -3.62 | $1,179 |
| Gross Loans ($M) | ▲ | $1,052 | +2.25 | $1,049 |
| Loan Growth YoY (%) | ▼ | 114.89% | -0.40 | 115.29% |
| Total Deposits ($M) | ▼ | $896 | -0.47 | $896 |
| Shareholders Equity ($M) | ▲ | $140 | +1.44 | $139 |
| Tang. Book Value ($M) | ▲ | $139 | +1.53 | $138 |
| Loan / Deposit Ratio (%) | ▼ | 114.89% | -0.40 | 115.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.31% | +1.16 | 3.14% |
| Allowance / Loans (%) | — | 2.13% | 0.60% | 1.53% |
| Net Charge-Off Ratio (%) | ▼ | 3.72% | +1.39 | 2.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▃▄▆▁ | Net Interest Margin (%) | 4.97% | 4.99% | 4.96% | 4.55% | 4.68% | 4.74% | 4.85% | 4.58% |
| ██▆▆▂▃▅▁ | Return on Assets (%) | 1.96% | 1.92% | 1.51% | 1.37% | 0.45% | 0.81% | 1.11% | 0.22% |
| ▁▁▁▅██▇█ | Efficiency Ratio (%) | 51.5% | 51.2% | 51.4% | 59.4% | 66.0% | 65.7% | 63.9% | 64.5% |
| ██▅▅▄▃▁▁ | Cost of Funds (%) | 2.23% | 2.29% | 2.08% | 2.08% | 2.01% | 1.93% | 1.80% | 1.75% |
| ▂▂▄▃▄▃▁█ | NPA / Assets (%) | 2.92% | 2.87% | 3.21% | 3.14% | 3.33% | 3.20% | 2.54% | 4.31% |
| ▁▁▃▃▄▃▁█ | Net Charge-Off Ratio (%) | 1.98% | 1.95% | 2.41% | 2.33% | 2.60% | 2.43% | 1.76% | 3.72% |
| ▁▄▄▆▂▄█▇ | Tang. Book Value ($M) | $132 | $136 | $136 | $138 | $134 | $136 | $141 | $139 |
| ▁▂▇█▄▅██ | Gross Loans ($M) | $973 | $988 | $1,036 | $1,049 | $1,010 | $1,013 | $1,044 | $1,052 |
| ▂▁█▇▇█▇▆ | Total Deposits ($M) | $855 | $845 | $906 | $896 | $902 | $913 | $902 | $896 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 31% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 7% |