Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.37% | +1.36 | 0.01% |
| Return on Equity (%) | ▲ | 15.37% | +15.26 | 0.11% |
| Net Interest Margin (%) | ▼ | 3.16% | -0.60 | 3.76% |
| Efficiency Ratio (%) | ▲ | 54.54% | -34.00 | 88.54% |
| Pre-Provision Profit ($M) | ▲ | $6 | +5.44 | $1 |
| Cost of Funds (%) | ▲ | 3.32% | -0.18 | 3.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,054 | +93.23 | $961 |
| Gross Loans ($M) | ▼ | $697 | -100.60 | $797 |
| Loan Growth YoY (%) | ▼ | 71.89% | -18.59 | 90.48% |
| Total Deposits ($M) | ▲ | $947 | +90.41 | $856 |
| Shareholders Equity ($M) | ▲ | $94 | +0.74 | $94 |
| Tang. Book Value ($M) | ▼ | $93 | -0.41 | $94 |
| TBV excl. AOCI ($M)** | ▼ | $95 | -0.69 | $95 |
| Loan / Deposit Ratio (%) | ▼ | 71.89% | -18.59 | 90.48% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.76% | -3.52 | 6.28% |
| Allowance / Loans (%) | — | 2.35% | -0.52% | 2.86% |
| Net Charge-Off Ratio (%) | ▲ | 2.99% | -0.65 | 3.64% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.83% | +0.17 | 14.67% |
Noninterest income ($5.98M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▃▄▄▄▁ | Net Interest Margin (%) | 5.19% | 4.95% | 4.75% | 3.76% | 3.96% | 4.08% | 4.04% | 3.16% |
| ▂▃▃▁▁▂▂█ | Return on Assets (%) | 0.35% | 0.35% | 0.36% | 0.01% | 0.15% | 0.25% | 0.26% | 1.37% |
| ▃▄▄█▇▆▆▁ | Efficiency Ratio (%) | 65.5% | 68.0% | 67.7% | 88.5% | 81.1% | 77.6% | 77.2% | 54.5% |
| ▃▇█▆▁▅▃▁ | Cost of Funds (%) | 3.38% | 3.55% | 3.62% | 3.51% | 3.29% | 3.46% | 3.38% | 3.32% |
| ▅██▇▅▅▅▁ | NPA / Assets (%) | 5.40% | 7.16% | 6.89% | 6.28% | 5.44% | 5.33% | 5.39% | 2.76% |
| ▅█▅▃▃▄█▁ | Net Charge-Off Ratio (%) | 4.16% | 4.92% | 4.05% | 3.64% | 3.60% | 3.91% | 4.70% | 2.99% |
| ▅█▇▄▁▁▁▃ | Tang. Book Value ($M) | $94 | $96 | $95 | $94 | $92 | $92 | $92 | $93 |
| ▃▃▄▅██▆▁ | Gross Loans ($M) | $763 | $758 | $792 | $797 | $891 | $884 | $840 | $697 |
| ▁▂▃▃▅▆██ | Total Deposits ($M) | $814 | $845 | $854 | $856 | $896 | $904 | $931 | $947 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 56% |
| C&I / Commercial | 10% |
| Consumer | 30% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 27% |