Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.91% | -0.03 | 0.94% |
| Return on Equity (%) | ▼ | 9.27% | -0.50 | 9.77% |
| Net Interest Margin (%) | ▼ | 3.41% | -0.12 | 3.53% |
| Efficiency Ratio (%) | ▼ | 67.14% | +5.87 | 61.27% |
| Pre-Provision Profit ($M) | ▼ | $4 | -1.04 | $5 |
| Cost of Funds (%) | ▲ | 1.84% | -0.19 | 2.03% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,415 | -73.23 | $1,488 |
| Gross Loans ($M) | ▼ | $901 | -11.24 | $912 |
| Loan Growth YoY (%) | ▲ | 71.53% | +1.18 | 70.35% |
| Total Deposits ($M) | ▼ | $1,219 | -52.82 | $1,272 |
| Shareholders Equity ($M) | ▼ | $140 | -4.01 | $144 |
| Tang. Book Value ($M) | ▼ | $129 | -3.41 | $133 |
| TBV excl. AOCI ($M)** | ▼ | $149 | -5.62 | $155 |
| Loan / Deposit Ratio (%) | ▲ | 71.53% | +1.18 | 70.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.28% | +2.39 | 0.89% |
| Allowance / Loans (%) | — | 3.22% | 1.31% | 1.91% |
| Net Charge-Off Ratio (%) | ▼ | 4.86% | +3.41 | 1.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.59% | -0.01 | 13.61% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▄▄█▇██▇ | Net Interest Margin (%) | 2.98% | 3.20% | 3.21% | 3.53% | 3.43% | 3.49% | 3.47% | 3.41% |
| ▇▂▄█▅▅▁█ | Return on Assets (%) | 0.72% | 0.09% | 0.37% | 0.94% | 0.52% | 0.46% | -0.12% | 0.91% |
| ▆▇▃▁█▆█▆ | Efficiency Ratio (%) | 66.3% | 68.1% | 64.0% | 61.3% | 69.1% | 66.6% | 68.2% | 67.1% |
| █▇▇▃▄▃▃▁ | Cost of Funds (%) | 2.52% | 2.43% | 2.36% | 2.03% | 2.11% | 2.09% | 2.05% | 1.84% |
| ▃▁▃▁▁▃▄█ | NPA / Assets (%) | 1.71% | 1.10% | 1.50% | 0.89% | 0.79% | 1.60% | 1.96% | 3.28% |
| ▄▂▃▁▁▃▄█ | Net Charge-Off Ratio (%) | 2.76% | 1.75% | 2.40% | 1.45% | 1.28% | 2.59% | 3.05% | 4.86% |
| █▁▂▄▃▅▁▂ | Tang. Book Value ($M) | $139 | $128 | $129 | $133 | $132 | $133 | $128 | $129 |
| ▁██▆▆▃▄▄ | Gross Loans ($M) | $888 | $922 | $919 | $912 | $913 | $899 | $903 | $901 |
| ▁▅▆█▆▇▅▆ | Total Deposits ($M) | $1,105 | $1,205 | $1,212 | $1,272 | $1,229 | $1,232 | $1,192 | $1,219 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 71% |
| C&I / Commercial | 21% |
| Consumer | 7% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 18% |