Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 2.26% | -0.25 | 2.51% |
| Return on Equity (%) | ▼ | 8.64% | -1.77 | 10.41% |
| Net Interest Margin (%) | ▼ | 4.96% | -0.33 | 5.29% |
| Efficiency Ratio (%) | ▼ | 32.45% | +2.49 | 29.96% |
| Pre-Provision Profit ($M) | ▼ | $9 | -1.09 | $10 |
| Cost of Funds (%) | ▲ | 1.78% | -0.26 | 2.04% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,141 | -1.75 | $1,143 |
| Gross Loans ($M) | ▲ | $930 | +37.24 | $893 |
| Loan Growth YoY (%) | ▲ | 112.96% | +7.66 | 105.30% |
| Total Deposits ($M) | ▼ | $812 | -24.25 | $836 |
| Shareholders Equity ($M) | ▲ | $301 | +20.32 | $281 |
| Tang. Book Value ($M) | ▲ | $300 | +20.52 | $280 |
| Loan / Deposit Ratio (%) | ▲ | 112.96% | +7.66 | 105.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.89% | +0.78 | 1.11% |
| Allowance / Loans (%) | — | 1.39% | 0.01% | 1.38% |
| Net Charge-Off Ratio (%) | ▼ | 2.00% | +0.91 | 1.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▃▄▄▄▁ | Net Interest Margin (%) | 6.25% | 6.14% | 6.00% | 5.29% | 5.45% | 5.52% | 5.46% | 4.96% |
| ██▇▂▃▄▃▁ | Return on Assets (%) | 3.30% | 3.32% | 3.13% | 2.51% | 2.65% | 2.69% | 2.56% | 2.26% |
| ▁▁▃▆▅▅██ | Efficiency Ratio (%) | 23.2% | 23.5% | 26.2% | 30.0% | 28.4% | 28.4% | 31.4% | 32.5% |
| ██▆▄▃▃▂▁ | Cost of Funds (%) | 2.39% | 2.46% | 2.23% | 2.04% | 2.02% | 2.04% | 1.90% | 1.78% |
| ▁▁▂▁▁▁██ | NPA / Assets (%) | 1.04% | 1.08% | 1.18% | 1.11% | 1.12% | 1.03% | 1.91% | 1.89% |
| ▁▂▃▁▁▁██ | Net Charge-Off Ratio (%) | 1.04% | 1.11% | 1.25% | 1.08% | 1.05% | 0.97% | 2.03% | 2.00% |
| ▁▂▃▄▅▇▇█ | Tang. Book Value ($M) | $260 | $270 | $272 | $280 | $284 | $292 | $293 | $300 |
| ▁▁▁▅█▇██ | Gross Loans ($M) | $842 | $845 | $849 | $893 | $930 | $912 | $921 | $930 |
| ▅██▆▄▃▁▂ | Total Deposits ($M) | $833 | $852 | $847 | $836 | $824 | $823 | $806 | $812 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 4% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 41% |