Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.59% | -0.55 | 1.14% |
| Return on Equity (%) | ▼ | 5.43% | -6.27 | 11.70% |
| Net Interest Margin (%) | ▼ | 6.51% | -0.58 | 7.09% |
| Efficiency Ratio (%) | ▼ | 62.81% | +10.23 | 52.59% |
| Pre-Provision Profit ($M) | ▼ | $11 | -4.99 | $16 |
| Cost of Funds (%) | ▲ | 3.02% | -0.44 | 3.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,592 | -51.64 | $1,644 |
| Gross Loans ($M) | ▼ | $1,225 | -91.53 | $1,317 |
| Loan Growth YoY (%) | ▼ | 87.03% | -6.85 | 93.88% |
| Total Deposits ($M) | ▲ | $1,385 | +10.62 | $1,374 |
| Shareholders Equity ($M) | ▲ | $175 | +13.90 | $161 |
| Tang. Book Value ($M) | ▲ | $175 | +13.90 | $161 |
| TBV excl. AOCI ($M)** | ▲ | $182 | +14.81 | $167 |
| Loan / Deposit Ratio (%) | ▼ | 87.03% | -6.85 | 93.88% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.56% | -1.46 | 3.03% |
| Allowance / Loans (%) | — | 1.61% | -0.39% | 2.00% |
| Net Charge-Off Ratio (%) | ▲ | 2.03% | -1.35 | 3.39% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($4.03M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▅▅▅▄▁ | Net Interest Margin (%) | 7.45% | 7.41% | 7.40% | 7.09% | 6.98% | 6.99% | 6.94% | 6.51% |
| ▁▃▃█▆▆▇▄ | Return on Assets (%) | 0.16% | 0.44% | 0.44% | 1.14% | 0.82% | 0.88% | 0.94% | 0.59% |
| █▇▆▁▄▃▄█ | Efficiency Ratio (%) | 64.0% | 61.5% | 60.7% | 52.6% | 57.0% | 56.6% | 57.0% | 62.8% |
| ███▆▆▆▄▁ | Cost of Funds (%) | 3.64% | 3.70% | 3.71% | 3.46% | 3.48% | 3.50% | 3.34% | 3.02% |
| ▁▃▄█▅▆▃▁ | NPA / Assets (%) | 1.62% | 2.08% | 2.23% | 3.03% | 2.36% | 2.63% | 1.94% | 1.56% |
| ▁▃▄█▆▇▅▃ | Net Charge-Off Ratio (%) | 1.55% | 2.13% | 2.44% | 3.39% | 2.73% | 3.10% | 2.52% | 2.03% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $149 | $156 | $155 | $161 | $163 | $169 | $174 | $175 |
| ▂▄▃██▆▁▁ | Gross Loans ($M) | $1,241 | $1,270 | $1,248 | $1,317 | $1,309 | $1,292 | $1,228 | $1,225 |
| ▁▃▄▄▄█▆▅ | Total Deposits ($M) | $1,323 | $1,359 | $1,368 | $1,374 | $1,371 | $1,426 | $1,394 | $1,385 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 26% |
| C&I / Commercial | 57% |
| Consumer | 7% |
| Other | 10% |
| Deposit Mix | % |
|---|---|
| Interest-Bearing (core) | 62% |
| Brokered / Other | 37% |