Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.52% | +1.26 | -0.75% |
| Return on Equity (%) | ▲ | 5.80% | +18.83 | -13.03% |
| Net Interest Margin (%) | ▲ | 2.78% | +0.74 | 2.04% |
| Efficiency Ratio (%) | ▲ | 87.54% | -27.24 | 114.77% |
| Pre-Provision Profit ($M) | ▲ | $1 | +2.42 | $-1 |
| Cost of Funds (%) | ▲ | 2.49% | -0.81 | 3.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,181 | +223.96 | $957 |
| Gross Loans ($M) | ▲ | $779 | +84.12 | $695 |
| Loan Growth YoY (%) | ▼ | 72.67% | -6.26 | 78.93% |
| Total Deposits ($M) | ▲ | $1,061 | +189.47 | $872 |
| Shareholders Equity ($M) | ▲ | $101 | +22.64 | $78 |
| Tang. Book Value ($M) | ▲ | $101 | +22.69 | $78 |
| TBV excl. AOCI ($M)** | ▲ | $113 | +30.83 | $82 |
| Loan / Deposit Ratio (%) | ▼ | 72.67% | -6.26 | 78.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.94% | -1.44 | 3.38% |
| Allowance / Loans (%) | — | 1.00% | 0.03% | 0.97% |
| Net Charge-Off Ratio (%) | ▲ | 2.94% | -1.34 | 4.27% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.21% | +1.59 | 13.62% |
Noninterest income ($3.26M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▅▄▁▁▂▃█ | Net Interest Margin (%) | 2.44% | 2.45% | 2.40% | 2.04% | 2.09% | 2.21% | 2.30% | 2.78% |
| ▇▁▁▆▆▆▇█ | Return on Assets (%) | -0.43% | -3.66% | -3.63% | -0.75% | -0.89% | -0.53% | -0.26% | 0.52% |
| ▂▄▄██▇▅▁ | Efficiency Ratio (%) | 93.8% | 97.9% | 101.0% | 114.8% | 114.6% | 109.3% | 103.0% | 87.5% |
| ▅▆▅█▆▃▁▃ | Cost of Funds (%) | 2.89% | 2.92% | 2.77% | 3.30% | 2.92% | 2.56% | 2.20% | 2.49% |
| ▇█▃▅▄▃▁▁ | NPA / Assets (%) | 3.98% | 4.45% | 2.84% | 3.38% | 2.89% | 2.73% | 2.24% | 1.94% |
| ▇█▃▅▄▅▄▁ | Net Charge-Off Ratio (%) | 4.88% | 5.27% | 3.58% | 4.27% | 4.02% | 4.28% | 3.95% | 2.94% |
| ▅▂▁▆▆███ | Tang. Book Value ($M) | $70 | $46 | $34 | $78 | $82 | $99 | $102 | $101 |
| ██▆▄▁▁▁█ | Gross Loans ($M) | $790 | $769 | $723 | $695 | $603 | $607 | $617 | $779 |
| ▁▁▆▃▂▂▆█ | Total Deposits ($M) | $804 | $828 | $969 | $872 | $843 | $847 | $978 | $1,061 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 20% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 23% |