Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.14% | +0.88 | -1.01% |
| Return on Equity (%) | ▲ | -1.06% | +9.57 | -10.63% |
| Net Interest Margin (%) | ▲ | 3.75% | +1.50 | 2.25% |
| Efficiency Ratio (%) | ▲ | 104.20% | -12.95 | 117.14% |
| Pre-Provision Profit ($M) | ▲ | $-1 | +4.14 | $-5 |
| Cost of Funds (%) | ▲ | 1.91% | -0.91 | 2.82% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,208 | -389.35 | $1,598 |
| Gross Loans ($M) | ▼ | $898 | -82.13 | $980 |
| Loan Growth YoY (%) | ▲ | 88.74% | +8.26 | 80.48% |
| Total Deposits ($M) | ▼ | $997 | -201.19 | $1,198 |
| Shareholders Equity ($M) | ▲ | $162 | +1.20 | $161 |
| Tang. Book Value ($M) | ▲ | $158 | +1.04 | $157 |
| TBV excl. AOCI ($M)** | ▼ | $163 | -1.61 | $165 |
| Loan / Deposit Ratio (%) | ▲ | 88.74% | +8.26 | 80.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.78% | +0.31 | 0.46% |
| Allowance / Loans (%) | — | 1.44% | -0.14% | 1.58% |
| Net Charge-Off Ratio (%) | ▼ | 0.96% | +0.25 | 0.71% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.89% | +3.16 | 14.73% |
Noninterest income ($15.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▃▄█ | Net Interest Margin (%) | 2.32% | 2.36% | 2.32% | 2.25% | 2.50% | 2.66% | 2.84% | 3.75% |
| ██▇▁▁▁▄▅ | Return on Assets (%) | 0.90% | 0.75% | 0.63% | -1.01% | -1.08% | -1.21% | -0.20% | -0.14% |
| ▁▁▁▇██▅▄ | Efficiency Ratio (%) | 86.1% | 87.4% | 89.4% | 117.1% | 119.9% | 122.6% | 104.4% | 104.2% |
| ▇█▅▅▅▅▃▁ | Cost of Funds (%) | 3.11% | 3.42% | 2.77% | 2.82% | 2.73% | 2.84% | 2.31% | 1.91% |
| ▁▃▄▃▃▁▆█ | NPA / Assets (%) | 0.28% | 0.42% | 0.52% | 0.46% | 0.46% | 0.34% | 0.64% | 0.78% |
| ▁▄█▅▄▁▇█ | Net Charge-Off Ratio (%) | 0.46% | 0.66% | 0.90% | 0.71% | 0.67% | 0.44% | 0.84% | 0.96% |
| ▆██▆▃▁▇▇ | Tang. Book Value ($M) | $157 | $160 | $161 | $157 | $152 | $147 | $158 | $158 |
| ▇██▅▃▃▁▁ | Gross Loans ($M) | $1,027 | $1,055 | $1,040 | $980 | $951 | $942 | $889 | $898 |
| ▄▅█▅▄▂▂▁ | Total Deposits ($M) | $1,143 | $1,181 | $1,331 | $1,198 | $1,141 | $1,069 | $1,072 | $997 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 68% |
| C&I / Commercial | 25% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 39% |
| Interest-Bearing (core) | 29% |
| Brokered / Other | 32% |