Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.70% | +1.55 | -0.85% |
| Return on Equity (%) | ▲ | 6.58% | +14.89 | -8.31% |
| Net Interest Margin (%) | ▲ | 3.12% | +0.33 | 2.79% |
| Efficiency Ratio (%) | ▼ | 60.71% | +2.08 | 58.63% |
| Pre-Provision Profit ($M) | ▼ | $10 | -0.09 | $10 |
| Cost of Funds (%) | ▲ | 2.02% | -0.41 | 2.43% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $3,268 | -203.73 | $3,472 |
| Gross Loans ($M) | ▼ | $2,689 | -280.54 | $2,969 |
| Loan Growth YoY (%) | ▼ | 99.37% | -9.19 | 108.56% |
| Total Deposits ($M) | ▼ | $2,673 | -14.66 | $2,688 |
| Shareholders Equity ($M) | ▼ | $350 | -5.47 | $356 |
| Tang. Book Value ($M) | ▼ | $344 | -5.33 | $350 |
| TBV excl. AOCI ($M)** | ▼ | $351 | -4.47 | $356 |
| Loan / Deposit Ratio (%) | ▼ | 99.37% | -9.19 | 108.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.98% | -0.89 | 2.87% |
| Allowance / Loans (%) | — | 1.21% | -0.52% | 1.73% |
| Net Charge-Off Ratio (%) | ▲ | 2.22% | -1.13 | 3.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▆▇█ | Net Interest Margin (%) | 2.67% | 2.71% | 2.72% | 2.79% | 2.90% | 2.98% | 3.04% | 3.12% |
| ███▁▄▅▃█ | Return on Assets (%) | 0.52% | 0.62% | 0.58% | -0.85% | -0.18% | 0.08% | -0.27% | 0.70% |
| ▃▁▁▁▁▂█▃ | Efficiency Ratio (%) | 60.6% | 58.1% | 57.4% | 58.6% | 58.1% | 59.3% | 68.5% | 60.7% |
| ██▇▅▃▂▁▁ | Cost of Funds (%) | 2.64% | 2.71% | 2.58% | 2.43% | 2.25% | 2.18% | 2.11% | 2.02% |
| ▁▁▂▇██▄▄ | NPA / Assets (%) | 0.92% | 1.15% | 1.46% | 2.87% | 3.33% | 3.39% | 2.08% | 1.98% |
| ▁▁▂▇█▇▄▄ | Net Charge-Off Ratio (%) | 1.08% | 1.33% | 1.73% | 3.36% | 3.87% | 3.31% | 2.32% | 2.22% |
| ▅██▄▅▇▁▂ | Tang. Book Value ($M) | $351 | $359 | $359 | $350 | $352 | $356 | $342 | $344 |
| █▇▆▅▄▃▁▁ | Gross Loans ($M) | $3,232 | $3,123 | $3,031 | $2,969 | $2,912 | $2,827 | $2,725 | $2,689 |
| █▃▃▁▁▁▁▁ | Total Deposits ($M) | $2,936 | $2,754 | $2,753 | $2,688 | $2,663 | $2,688 | $2,674 | $2,673 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 19% |