Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.00% | +0.82 | -0.82% |
| Return on Equity (%) | ▲ | 0.01% | +7.24 | -7.23% |
| Net Interest Margin (%) | ▲ | 2.49% | +0.25 | 2.24% |
| Efficiency Ratio (%) | ▲ | 94.91% | -10.69 | 105.60% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.47 | $-0 |
| Cost of Funds (%) | ▲ | 2.77% | -0.54 | 3.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $696 | -47.88 | $744 |
| Gross Loans ($M) | ▲ | $504 | +2.88 | $501 |
| Loan Growth YoY (%) | ▲ | 94.86% | +7.43 | 87.43% |
| Total Deposits ($M) | ▼ | $523 | -41.42 | $564 |
| Shareholders Equity ($M) | ▼ | $67 | -18.72 | $86 |
| Tang. Book Value ($M) | ▼ | $64 | -18.72 | $83 |
| TBV excl. AOCI ($M)** | ▼ | $69 | -18.81 | $88 |
| Loan / Deposit Ratio (%) | ▲ | 94.86% | +7.43 | 87.43% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 3.89% | -0.70 | 4.59% |
| Allowance / Loans (%) | — | 1.61% | 0.04% | 1.57% |
| Net Charge-Off Ratio (%) | ▲ | 5.37% | -1.44 | 6.81% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 12.22% | -3.65 | 15.87% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▂▄▄▅ | Net Interest Margin (%) | 2.67% | 2.67% | 2.70% | 2.24% | 2.30% | 2.42% | 2.46% | 2.49% |
| ███▆▅▄▁█ | Return on Assets (%) | 0.34% | 0.33% | 0.32% | -0.82% | -1.13% | -1.45% | -2.85% | 0.00% |
| ▁▁▁▇▆▅█▄ | Efficiency Ratio (%) | 82.0% | 83.1% | 82.5% | 105.6% | 102.5% | 98.7% | 110.3% | 94.9% |
| █▆▅▃▄▂▂▁ | Cost of Funds (%) | 4.39% | 3.88% | 3.71% | 3.31% | 3.38% | 3.05% | 3.08% | 2.77% |
| ▁▅████▇▆ | NPA / Assets (%) | 1.92% | 3.48% | 4.48% | 4.59% | 4.66% | 4.64% | 4.12% | 3.89% |
| ▁▅▇██▇▆▅ | Net Charge-Off Ratio (%) | 2.67% | 4.89% | 6.52% | 6.81% | 7.07% | 6.31% | 5.61% | 5.37% |
| ████▇▅▁▁ | Tang. Book Value ($M) | $83 | $85 | $84 | $83 | $80 | $77 | $64 | $64 |
| █▇▄▂▁▁▂▃ | Gross Loans ($M) | $609 | $579 | $535 | $501 | $469 | $485 | $487 | $504 |
| █▆▅▃▂▁▁▂ | Total Deposits ($M) | $693 | $642 | $614 | $564 | $534 | $497 | $513 | $523 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 48% |
| C&I / Commercial | 48% |
| Other | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 31% |