Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.25% | +0.58 | -0.82% |
| Return on Equity (%) | ▲ | -2.40% | +6.34 | -8.74% |
| Net Interest Margin (%) | ▲ | -0.50% | +0.34 | -0.84% |
| Efficiency Ratio (%) | ▼ | 161.33% | +34.28 | 127.05% |
| Pre-Provision Profit ($M) | ▼ | $-9 | -4.25 | $-4 |
| Cost of Funds (%) | ▲ | 3.19% | -0.36 | 3.55% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $6,333 | -0.12 | $6,333 |
| Gross Loans ($M) | ▼ | $3,495 | -171.49 | $3,667 |
| Loan Growth YoY (%) | ▼ | 62.35% | -2.79 | 65.14% |
| Total Deposits ($M) | ▼ | $5,475 | -37.97 | $5,513 |
| Shareholders Equity ($M) | ▲ | $644 | +44.79 | $599 |
| Tang. Book Value ($M) | ▲ | $641 | +45.29 | $595 |
| TBV excl. AOCI ($M)** | ▲ | $707 | +47.08 | $660 |
| Loan / Deposit Ratio (%) | ▼ | 62.35% | -2.79 | 65.14% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.05 | 0.31% |
| Allowance / Loans (%) | — | 2.34% | 0.28% | 2.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.47% | -0.06 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.15% | +1.08 | 12.07% |
Noninterest income ($20.09M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▂▂▃█ | Net Interest Margin (%) | -0.95% | -0.97% | -0.95% | -0.84% | -0.85% | -0.85% | -0.80% | -0.50% |
| █▅▆▁▃▄▄▃ | Return on Assets (%) | 0.72% | 0.03% | 0.15% | -0.82% | -0.40% | -0.19% | -0.09% | -0.25% |
| ▁▃▂▆▄▄▄█ | Efficiency Ratio (%) | 52.9% | 89.7% | 73.8% | 127.1% | 98.1% | 99.2% | 100.0% | 161.3% |
| ██▇▅▅▅▃▁ | Cost of Funds (%) | 3.76% | 3.79% | 3.70% | 3.55% | 3.52% | 3.55% | 3.41% | 3.19% |
| ▁▆▅▅▆█▆▄ | NPA / Assets (%) | 0.07% | 0.34% | 0.29% | 0.31% | 0.33% | 0.46% | 0.35% | 0.26% |
| ▁▅▅▅▆█▆▅ | Net Charge-Off Ratio (%) | 0.09% | 0.55% | 0.49% | 0.53% | 0.58% | 0.82% | 0.63% | 0.47% |
| ▁▁▁▁▂▄██ | Tang. Book Value ($M) | $592 | $596 | $593 | $595 | $601 | $619 | $646 | $641 |
| ██▆▆▂▂▁▁ | Gross Loans ($M) | $3,751 | $3,727 | $3,678 | $3,667 | $3,554 | $3,538 | $3,516 | $3,495 |
| ▄▆█▇█▂▁▄ | Total Deposits ($M) | $5,475 | $5,502 | $5,523 | $5,513 | $5,537 | $5,442 | $5,420 | $5,475 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 37% |