Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.10% | -2.81 | 1.71% |
| Return on Equity (%) | ▼ | -10.24% | -27.52 | 17.28% |
| Net Interest Margin (%) | ▼ | 4.07% | -0.55 | 4.62% |
| Efficiency Ratio (%) | ▼ | 112.04% | +28.49 | 83.55% |
| Pre-Provision Profit ($M) | ▼ | $-2 | -5.82 | $3 |
| Cost of Funds (%) | ▼ | 0.72% | +0.14 | 0.58% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $849 | +51.58 | $797 |
| Gross Loans ($M) | ▲ | $390 | +75.68 | $314 |
| Loan Growth YoY (%) | ▲ | 52.33% | +7.83 | 44.50% |
| Total Deposits ($M) | ▲ | $738 | +38.32 | $699 |
| Shareholders Equity ($M) | ▲ | $91 | +4.76 | $86 |
| Tang. Book Value ($M) | ▲ | $91 | +4.76 | $86 |
| TBV excl. AOCI ($M)** | ▲ | $96 | +6.79 | $90 |
| Loan / Deposit Ratio (%) | ▲ | 52.33% | +7.83 | 44.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.20% | -0.11 | 0.31% |
| Allowance / Loans (%) | — | 1.02% | 0.04% | 0.99% |
| Net Charge-Off Ratio (%) | ▲ | 0.43% | -0.35 | 0.79% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 19.84% | -4.33 | 24.18% |
Noninterest income ($12.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▃▄███▇▁ | Net Interest Margin (%) | 4.15% | 4.26% | 4.32% | 4.62% | 4.57% | 4.60% | 4.49% | 4.07% |
| ███▆▆▆▅▁ | Return on Assets (%) | 3.00% | 2.94% | 2.62% | 1.71% | 1.57% | 1.53% | 1.29% | -1.10% |
| ▁▁▁▄▄▄▄█ | Efficiency Ratio (%) | 59.7% | 59.0% | 62.9% | 83.6% | 81.2% | 80.2% | 82.9% | 112.0% |
| █▇▄▁▃▄▂▂ | Cost of Funds (%) | 1.18% | 1.10% | 0.82% | 0.58% | 0.75% | 0.88% | 0.68% | 0.72% |
| █▄▃▅▄▄▃▁ | NPA / Assets (%) | 0.40% | 0.30% | 0.27% | 0.31% | 0.29% | 0.28% | 0.28% | 0.20% |
| █▅▄▅▄▃▃▁ | Net Charge-Off Ratio (%) | 1.12% | 0.81% | 0.77% | 0.79% | 0.73% | 0.69% | 0.67% | 0.43% |
| ▁▃▄▆▇██▇ | Tang. Book Value ($M) | $72 | $79 | $82 | $86 | $89 | $92 | $94 | $91 |
| ▁▂▂▃▄▅▆█ | Gross Loans ($M) | $282 | $306 | $308 | $314 | $327 | $347 | $354 | $390 |
| ▁▃█▁▂▅▅▄ | Total Deposits ($M) | $695 | $732 | $799 | $699 | $712 | $752 | $753 | $738 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 57% |
| Interest-Bearing (core) | 43% |