Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.39% | -0.78 | 2.17% |
| Return on Equity (%) | ▼ | 15.77% | -5.87 | 21.64% |
| Net Interest Margin (%) | ▼ | 1.58% | -1.43 | 3.01% |
| Efficiency Ratio (%) | ▼ | 83.62% | +14.95 | 68.67% |
| Pre-Provision Profit ($M) | ▼ | $10 | -8.45 | $18 |
| Cost of Funds (%) | ▲ | 2.10% | -0.39 | 2.49% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $4,272 | +937.73 | $3,335 |
| Gross Loans ($M) | ▼ | $687 | -297.96 | $985 |
| Loan Growth YoY (%) | ▼ | 26.26% | -9.20 | 35.46% |
| Total Deposits ($M) | ▼ | $2,582 | -159.43 | $2,742 |
| Shareholders Equity ($M) | ▼ | $389 | -4.78 | $393 |
| Tang. Book Value ($M) | ▼ | $388 | -4.78 | $393 |
| TBV excl. AOCI ($M)** | ▼ | $417 | -20.19 | $437 |
| Loan / Deposit Ratio (%) | ▼ | 26.26% | -9.20 | 35.46% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.31 | 0.31% |
| Allowance / Loans (%) | — | 1.33% | 0.02% | 1.31% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -1.05 | 1.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 30.64% | +4.80 | 25.84% |
Noninterest income ($45.00M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▃▄▃▃▁ | Net Interest Margin (%) | 5.81% | 5.07% | 4.53% | 3.01% | 3.25% | 3.00% | 2.80% | 1.58% |
| ██▇▃▂▁▁▂ | Return on Assets (%) | 4.67% | 4.72% | 4.10% | 2.17% | 1.68% | 0.69% | 0.77% | 1.39% |
| ▁▁▁▅▆█▆█ | Efficiency Ratio (%) | 43.5% | 45.4% | 48.7% | 68.7% | 75.0% | 88.7% | 76.2% | 83.6% |
| ▁▃▄▇█▄▄▄ | Cost of Funds (%) | 1.48% | 1.81% | 2.02% | 2.49% | 2.77% | 2.00% | 2.06% | 2.10% |
| ██▇▇▁▁▁▁ | NPA / Assets (%) | 0.39% | 0.35% | 0.34% | 0.31% | 0.00% | 0.00% | 0.00% | 0.00% |
| ███▇▁▁▁▁ | Net Charge-Off Ratio (%) | 1.25% | 1.29% | 1.26% | 1.05% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁█▃▅▇▂▃▄ | Tang. Book Value ($M) | $370 | $414 | $386 | $393 | $403 | $375 | $385 | $388 |
| ███▅▄▄▅▁ | Gross Loans ($M) | $1,217 | $1,175 | $1,183 | $985 | $909 | $922 | $957 | $687 |
| ▁▄██▅█▅▅ | Total Deposits ($M) | $2,411 | $2,550 | $2,728 | $2,742 | $2,590 | $2,728 | $2,605 | $2,582 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 17% |
| C&I / Commercial | 83% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 1% |
| Interest-Bearing (core) | 3% |
| Brokered / Other | 96% |