Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.88% | -0.32 | 1.20% |
| Return on Equity (%) | ▼ | 10.04% | -5.78 | 15.82% |
| Net Interest Margin (%) | ▲ | 4.27% | +0.22 | 4.05% |
| Efficiency Ratio (%) | ▼ | 79.18% | +7.04 | 72.15% |
| Pre-Provision Profit ($M) | ▼ | $3 | -1.30 | $4 |
| Cost of Funds (%) | ▲ | 0.91% | -0.26 | 1.17% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,349 | -83.54 | $1,433 |
| Gross Loans ($M) | ▲ | $826 | +8.95 | $817 |
| Loan Growth YoY (%) | ▲ | 66.96% | +5.34 | 61.62% |
| Total Deposits ($M) | ▼ | $1,219 | -87.27 | $1,306 |
| Shareholders Equity ($M) | ▲ | $119 | +4.37 | $115 |
| Tang. Book Value ($M) | ▲ | $119 | +4.37 | $115 |
| TBV excl. AOCI ($M)** | ▲ | $135 | +1.98 | $133 |
| Loan / Deposit Ratio (%) | ▲ | 66.96% | +5.34 | 61.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.64% | -0.49 | 2.13% |
| Allowance / Loans (%) | — | 1.19% | -0.30% | 1.49% |
| Net Charge-Off Ratio (%) | ▲ | 1.22% | -1.04 | 2.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.99% | +0.06 | 12.93% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▂▂▁▄██▆ | Net Interest Margin (%) | 4.18% | 4.12% | 4.11% | 4.05% | 4.17% | 4.35% | 4.39% | 4.27% |
| ▆▇▅█▁▅▆▇ | Return on Assets (%) | 0.76% | 0.79% | 0.52% | 1.20% | -0.57% | 0.52% | 0.62% | 0.88% |
| ▁▂▁▄▂▃▃█ | Efficiency Ratio (%) | 66.4% | 68.2% | 67.8% | 72.1% | 69.1% | 70.3% | 70.9% | 79.2% |
| ██▇▄▂▂▁▁ | Cost of Funds (%) | 1.54% | 1.60% | 1.50% | 1.17% | 1.04% | 1.04% | 0.95% | 0.91% |
| ▄▇▄▄█▁▁▁ | NPA / Assets (%) | 2.12% | 2.67% | 2.09% | 2.13% | 2.97% | 1.52% | 1.61% | 1.64% |
| █▇▄▄█▁▁▁ | Net Charge-Off Ratio (%) | 3.47% | 3.24% | 2.29% | 2.25% | 3.59% | 1.05% | 1.13% | 1.22% |
| ▁▅▁▆▁▇▇█ | Tang. Book Value ($M) | $106 | $114 | $107 | $115 | $106 | $117 | $117 | $119 |
| █▅▁▁▄▁▂▂ | Gross Loans ($M) | $890 | $856 | $813 | $817 | $844 | $819 | $829 | $826 |
| ▇██▆▆▂▁▁ | Total Deposits ($M) | $1,333 | $1,361 | $1,351 | $1,306 | $1,312 | $1,234 | $1,210 | $1,219 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 50% |
| C&I / Commercial | 41% |
| Consumer | 8% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 6% |