Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.96% | -0.54 | -0.43% |
| Return on Equity (%) | ▼ | -7.52% | -4.25 | -3.27% |
| Net Interest Margin (%) | ▲ | 2.34% | +0.17 | 2.18% |
| Efficiency Ratio (%) | ▼ | 132.33% | +14.51 | 117.82% |
| Pre-Provision Profit ($M) | ▼ | $-4 | -1.98 | $-2 |
| Cost of Funds (%) | ▲ | 2.30% | -0.03 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $2,134 | +45.65 | $2,088 |
| Gross Loans ($M) | ▲ | $1,691 | +65.30 | $1,626 |
| Loan Growth YoY (%) | ▼ | 108.54% | -4.29 | 112.83% |
| Total Deposits ($M) | ▲ | $1,545 | +115.41 | $1,429 |
| Shareholders Equity ($M) | ▲ | $280 | +10.73 | $270 |
| Tang. Book Value ($M) | ▲ | $280 | +10.92 | $269 |
| TBV excl. AOCI ($M)** | ▲ | $292 | +6.39 | $285 |
| Loan / Deposit Ratio (%) | ▼ | 108.54% | -4.29 | 112.83% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.55% | +0.28 | 0.27% |
| Allowance / Loans (%) | — | 0.85% | 0.04% | 0.81% |
| Net Charge-Off Ratio (%) | ▼ | 0.44% | +0.09 | 0.35% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.46% | -0.12 | 18.58% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▇███ | Net Interest Margin (%) | 1.98% | 1.94% | 1.94% | 2.18% | 2.25% | 2.29% | 2.34% | 2.34% |
| ▇▆▇▇███▁ | Return on Assets (%) | -0.38% | -0.47% | -0.45% | -0.43% | -0.34% | -0.29% | -0.29% | -0.96% |
| ▆▇▇▄▂▁▁█ | Efficiency Ratio (%) | 125.2% | 127.5% | 126.3% | 117.8% | 112.0% | 109.0% | 107.9% | 132.3% |
| ▄█▇▃▁▁▂▂ | Cost of Funds (%) | 2.33% | 2.46% | 2.43% | 2.32% | 2.25% | 2.25% | 2.29% | 2.30% |
| ▂▁▁▁▂███ | NPA / Assets (%) | 0.30% | 0.25% | 0.25% | 0.27% | 0.30% | 0.53% | 0.53% | 0.55% |
| ▂▁▁▁▂██▃ | Net Charge-Off Ratio (%) | 0.40% | 0.33% | 0.32% | 0.35% | 0.38% | 0.66% | 0.67% | 0.44% |
| ▃▃▂▁▁▁▁█ | Tang. Book Value ($M) | $273 | $272 | $271 | $269 | $268 | $270 | $270 | $280 |
| ▁▁▂▄▆█▇▇ | Gross Loans ($M) | $1,547 | $1,551 | $1,583 | $1,626 | $1,673 | $1,715 | $1,691 | $1,691 |
| ▁▁▁▃▄▇██ | Total Deposits ($M) | $1,369 | $1,371 | $1,390 | $1,429 | $1,454 | $1,522 | $1,536 | $1,545 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 1% |
| Consumer | 7% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 3% |
| Interest-Bearing (core) | 70% |
| Brokered / Other | 26% |