Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.26% | +0.54 | -0.27% |
| Return on Equity (%) | ▲ | 1.32% | +2.67 | -1.35% |
| Net Interest Margin (%) | ▼ | 3.28% | -0.17 | 3.45% |
| Efficiency Ratio (%) | ▼ | 77.46% | +15.20 | 62.26% |
| Pre-Provision Profit ($M) | ▼ | $2 | -1.73 | $4 |
| Cost of Funds (%) | ▲ | 2.32% | -0.14 | 2.47% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,257 | +11.27 | $1,245 |
| Gross Loans ($M) | ▼ | $925 | -174.66 | $1,100 |
| Loan Growth YoY (%) | ▼ | 92.88% | -27.18 | 120.05% |
| Total Deposits ($M) | ▲ | $968 | +74.09 | $894 |
| Shareholders Equity ($M) | ▼ | $253 | -1.24 | $254 |
| Tang. Book Value ($M) | ▼ | $253 | -1.22 | $254 |
| TBV excl. AOCI ($M)** | ▼ | $258 | -0.53 | $259 |
| Loan / Deposit Ratio (%) | ▼ | 92.88% | -27.18 | 120.05% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.76% | +0.90 | 3.86% |
| Allowance / Loans (%) | — | 2.78% | 0.40% | 2.38% |
| Net Charge-Off Ratio (%) | ▼ | 6.47% | +2.09 | 4.37% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▂▃▃▃▁ | Net Interest Margin (%) | 3.98% | 4.00% | 3.92% | 3.45% | 3.52% | 3.55% | 3.49% | 3.28% |
| ██▇▄▁▃▄▅ | Return on Assets (%) | 1.89% | 1.78% | 1.37% | -0.27% | -1.74% | -0.81% | -0.32% | 0.26% |
| ▁▁▁▅▄▅▅█ | Efficiency Ratio (%) | 46.8% | 46.5% | 48.0% | 62.3% | 61.4% | 62.4% | 64.3% | 77.5% |
| █▇▅▃▃▁▁▁ | Cost of Funds (%) | 2.76% | 2.69% | 2.59% | 2.47% | 2.46% | 2.36% | 2.33% | 2.32% |
| ▁▁▁▄█▇▇▅ | NPA / Assets (%) | 0.15% | 0.20% | 0.84% | 3.86% | 8.54% | 7.16% | 6.51% | 4.76% |
| ▁▁▁▄█▇▇▆ | Net Charge-Off Ratio (%) | 0.17% | 0.23% | 0.96% | 4.37% | 9.67% | 8.43% | 8.35% | 6.47% |
| ▃███▁▃▆▇ | Tang. Book Value ($M) | $248 | $255 | $254 | $254 | $244 | $248 | $252 | $253 |
| ████▇▅▃▁ | Gross Loans ($M) | $1,099 | $1,093 | $1,111 | $1,100 | $1,076 | $1,032 | $978 | $925 |
| ▃▂▂▃▁▁▆█ | Total Deposits ($M) | $892 | $872 | $870 | $894 | $854 | $863 | $936 | $968 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 70% |
| C&I / Commercial | 14% |
| Consumer | 2% |
| Other | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 27% |