Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.77% | -0.60 | 1.37% |
| Return on Equity (%) | ▼ | 7.83% | -7.69 | 15.52% |
| Net Interest Margin (%) | ▼ | 4.35% | -0.32 | 4.67% |
| Efficiency Ratio (%) | ▼ | 67.88% | +4.54 | 63.33% |
| Pre-Provision Profit ($M) | ▼ | $3 | -1.20 | $4 |
| Cost of Funds (%) | ▲ | 2.15% | -0.26 | 2.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $846 | -11.14 | $858 |
| Gross Loans ($M) | ▼ | $659 | -6.93 | $666 |
| Loan Growth YoY (%) | ▲ | 93.25% | +3.68 | 89.57% |
| Total Deposits ($M) | ▼ | $698 | -36.75 | $735 |
| Shareholders Equity ($M) | ▲ | $84 | +5.90 | $78 |
| Tang. Book Value ($M) | ▲ | $83 | +6.54 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $88 | +5.99 | $82 |
| Loan / Deposit Ratio (%) | ▲ | 93.25% | +3.68 | 89.57% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.72% | +3.54 | 1.18% |
| Allowance / Loans (%) | — | 1.29% | 0.06% | 1.24% |
| Net Charge-Off Ratio (%) | ▼ | 6.06% | +4.54 | 1.52% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 11.86% | +0.71 | 11.15% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▇▄▆▇▁ | Net Interest Margin (%) | 4.75% | 4.74% | 4.72% | 4.67% | 4.53% | 4.61% | 4.67% | 4.35% |
| ▅▃▃█▅▆▅▁ | Return on Assets (%) | 1.13% | 0.95% | 0.96% | 1.37% | 1.11% | 1.18% | 1.13% | 0.77% |
| ▁▄▂▃▄▁▂█ | Efficiency Ratio (%) | 62.2% | 64.5% | 62.5% | 63.3% | 64.5% | 61.6% | 62.6% | 67.9% |
| ██▃▅▅▄▂▁ | Cost of Funds (%) | 2.58% | 2.62% | 2.29% | 2.41% | 2.42% | 2.34% | 2.25% | 2.15% |
| ▁▁▁▁▄▃▆█ | NPA / Assets (%) | 1.09% | 1.19% | 1.36% | 1.18% | 2.54% | 2.45% | 3.60% | 4.72% |
| ▁▁▁▁▄▄▆█ | Net Charge-Off Ratio (%) | 1.46% | 0.88% | 1.14% | 1.52% | 3.31% | 3.13% | 4.59% | 6.06% |
| ▁▂▂▄▅▇██ | Tang. Book Value ($M) | $71 | $73 | $73 | $76 | $77 | $80 | $82 | $83 |
| ▁▃██████ | Gross Loans ($M) | $561 | $594 | $671 | $666 | $663 | $671 | $663 | $659 |
| ▁▅██▇██▆ | Total Deposits ($M) | $625 | $689 | $732 | $735 | $710 | $734 | $734 | $698 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 17% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 21% |