Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.19% | +0.13 | 0.07% |
| Return on Equity (%) | ▲ | 1.69% | +1.11 | 0.58% |
| Net Interest Margin (%) | ▼ | 3.00% | -0.07 | 3.07% |
| Efficiency Ratio (%) | ▲ | 93.97% | -3.66 | 97.64% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.66 | $0 |
| Cost of Funds (%) | ▲ | 2.04% | -0.31 | 2.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $2,396 | -272.71 | $2,668 |
| Gross Loans ($M) | ▼ | $1,834 | -249.43 | $2,083 |
| Loan Growth YoY (%) | ▼ | 91.92% | -2.77 | 94.70% |
| Total Deposits ($M) | ▼ | $1,974 | -201.44 | $2,176 |
| Shareholders Equity ($M) | ▼ | $247 | -64.10 | $311 |
| Tang. Book Value ($M) | ▼ | $245 | -62.58 | $308 |
| TBV excl. AOCI ($M)** | ▼ | $262 | -62.26 | $324 |
| Loan / Deposit Ratio (%) | ▼ | 91.92% | -2.77 | 94.70% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.93% | -0.01 | 0.94% |
| Allowance / Loans (%) | — | 1.05% | -0.06% | 1.11% |
| Net Charge-Off Ratio (%) | ▲ | 1.15% | -0.05 | 1.19% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 15.33% | -1.55 | 16.88% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅██▂ | Net Interest Margin (%) | 2.96% | 2.92% | 2.94% | 3.07% | 3.19% | 3.36% | 3.31% | 3.00% |
| ▁▂▂▅▆██▆ | Return on Assets (%) | -0.42% | -0.22% | -0.21% | 0.07% | 0.20% | 0.42% | 0.50% | 0.19% |
| ▇██▅▃▁▁▃ | Efficiency Ratio (%) | 104.5% | 108.2% | 108.7% | 97.6% | 93.7% | 87.6% | 85.4% | 94.0% |
| ██▇▄▃▃▂▁ | Cost of Funds (%) | 2.75% | 2.68% | 2.66% | 2.34% | 2.25% | 2.25% | 2.17% | 2.04% |
| █▃▁▁▁▄▂▁ | NPA / Assets (%) | 1.41% | 1.10% | 0.95% | 0.94% | 0.95% | 1.15% | 1.05% | 0.93% |
| █▄▁▁▁▅▂▁ | Net Charge-Off Ratio (%) | 1.78% | 1.46% | 1.19% | 1.19% | 1.22% | 1.48% | 1.26% | 1.15% |
| ▃▅▆▇▇█▆▁ | Tang. Book Value ($M) | $271 | $293 | $303 | $308 | $310 | $323 | $299 | $245 |
| █▇▆▅▃▂▁▁ | Gross Loans ($M) | $2,314 | $2,202 | $2,143 | $2,083 | $1,991 | $1,926 | $1,880 | $1,834 |
| ██▆▅▂▁▁▁ | Total Deposits ($M) | $2,374 | $2,388 | $2,221 | $2,176 | $2,045 | $1,973 | $1,935 | $1,974 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 84% |
| C&I / Commercial | 14% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 19% |