Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.75% | -1.70 | -0.05% |
| Return on Equity (%) | ▼ | -24.07% | -23.47 | -0.60% |
| Net Interest Margin (%) | ▼ | 3.40% | -0.41 | 3.81% |
| Efficiency Ratio (%) | ▼ | 140.96% | +61.98 | 78.98% |
| Pre-Provision Profit ($M) | ▼ | $-4 | -8.43 | $4 |
| Cost of Funds (%) | ▲ | 2.64% | -0.32 | 2.97% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,195 | -97.12 | $1,292 |
| Gross Loans ($M) | ▼ | $930 | -154.39 | $1,085 |
| Loan Growth YoY (%) | ▼ | 83.75% | -10.91 | 94.66% |
| Total Deposits ($M) | ▼ | $1,086 | -42.24 | $1,129 |
| Shareholders Equity ($M) | ▼ | $88 | -28.90 | $117 |
| Tang. Book Value ($M) | ▼ | $77 | -23.78 | $100 |
| TBV excl. AOCI ($M)** | ▼ | $78 | -24.17 | $102 |
| Loan / Deposit Ratio (%) | ▼ | 83.75% | -10.91 | 94.66% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.95% | -0.13 | 2.08% |
| Allowance / Loans (%) | — | 2.22% | 0.70% | 1.52% |
| Net Charge-Off Ratio (%) | ▲ | 2.46% | -0.00 | 2.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 8.58% | -1.90 | 10.47% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▃▆█▇▇▁ | Net Interest Margin (%) | 3.49% | 3.48% | 3.55% | 3.81% | 3.99% | 3.91% | 3.89% | 3.40% |
| ▇▇█▆▅▁▁▁ | Return on Assets (%) | 0.34% | 0.37% | 1.10% | -0.05% | -0.18% | -2.01% | -1.68% | -1.75% |
| ▂▂▁▂▂▅▅█ | Efficiency Ratio (%) | 77.7% | 77.6% | 67.1% | 79.0% | 76.5% | 108.6% | 108.0% | 141.0% |
| ▇█▆▃▃▃▃▁ | Cost of Funds (%) | 3.65% | 3.82% | 3.41% | 2.97% | 2.99% | 3.06% | 2.99% | 2.64% |
| ▁▁▃█▆▇█▇ | NPA / Assets (%) | 1.28% | 1.37% | 1.49% | 2.08% | 1.79% | 1.97% | 2.02% | 1.95% |
| ▁▂▃▇▅▇█▇ | Net Charge-Off Ratio (%) | 1.38% | 1.63% | 1.79% | 2.46% | 2.10% | 2.39% | 2.68% | 2.46% |
| ▆▆██▇▂▂▁ | Tang. Book Value ($M) | $92 | $93 | $101 | $100 | $98 | $80 | $81 | $77 |
| ▄▅▆▇█▇▂▁ | Gross Loans ($M) | $1,008 | $1,043 | $1,067 | $1,085 | $1,126 | $1,093 | $964 | $930 |
| ▁▄▆▅▇██▃ | Total Deposits ($M) | $1,043 | $1,113 | $1,144 | $1,129 | $1,165 | $1,172 | $1,185 | $1,086 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 67% |
| C&I / Commercial | 24% |
| Consumer | 9% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 23% |