Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.77% | -0.08 | 0.85% |
| Return on Equity (%) | ▼ | 5.44% | -2.23 | 7.67% |
| Net Interest Margin (%) | ▲ | 3.34% | +0.45 | 2.89% |
| Efficiency Ratio (%) | ▼ | 71.65% | +4.35 | 67.30% |
| Pre-Provision Profit ($M) | ▼ | $4 | -0.76 | $5 |
| Cost of Funds (%) | ▲ | 1.91% | -0.41 | 2.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,507 | -130.79 | $1,638 |
| Gross Loans ($M) | ▼ | $1,111 | -74.25 | $1,185 |
| Loan Growth YoY (%) | ▲ | 85.27% | +3.26 | 82.01% |
| Total Deposits ($M) | ▼ | $1,283 | -141.14 | $1,424 |
| Shareholders Equity ($M) | ▲ | $218 | +31.55 | $187 |
| Tang. Book Value ($M) | ▲ | $218 | +31.60 | $186 |
| TBV excl. AOCI ($M)** | ▲ | $234 | +29.76 | $204 |
| Loan / Deposit Ratio (%) | ▲ | 85.27% | +3.26 | 82.01% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.76% | +1.16 | 0.59% |
| Allowance / Loans (%) | — | 1.53% | 0.06% | 1.47% |
| Net Charge-Off Ratio (%) | ▼ | 2.08% | +1.26 | 0.82% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▅▅▆█ | Net Interest Margin (%) | 2.60% | 2.55% | 2.64% | 2.89% | 2.97% | 2.98% | 3.05% | 3.34% |
| ▆▆▁▇▇██▇ | Return on Assets (%) | 0.67% | 0.59% | -1.15% | 0.85% | 0.98% | 1.29% | 1.22% | 0.77% |
| ▁▂█▁▁▁▁▂ | Efficiency Ratio (%) | 70.5% | 73.4% | 134.4% | 67.3% | 67.8% | 61.5% | 62.7% | 71.6% |
| ██▆▅▅▆▄▁ | Cost of Funds (%) | 2.62% | 2.64% | 2.40% | 2.32% | 2.33% | 2.38% | 2.26% | 1.91% |
| ▁▁▃▁▃▄▄█ | NPA / Assets (%) | 0.63% | 0.59% | 0.98% | 0.59% | 0.99% | 1.09% | 1.17% | 1.76% |
| ▁▁▄▁▂▂▃█ | Net Charge-Off Ratio (%) | 0.88% | 0.86% | 1.35% | 0.82% | 1.07% | 1.12% | 1.27% | 2.08% |
| ▅█▁▂▃▆██ | Tang. Book Value ($M) | $202 | $214 | $179 | $186 | $191 | $208 | $214 | $218 |
| ▇▇█▇▆▄▁▂ | Gross Loans ($M) | $1,193 | $1,190 | $1,216 | $1,185 | $1,179 | $1,147 | $1,089 | $1,111 |
| ▅█▇▆▅▅▃▁ | Total Deposits ($M) | $1,399 | $1,490 | $1,443 | $1,424 | $1,411 | $1,396 | $1,346 | $1,283 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 12% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 35% |
| Interest-Bearing (core) | 54% |
| Brokered / Other | 11% |