Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.26% | -0.76 | 0.50% |
| Return on Equity (%) | ▼ | -3.34% | -10.29 | 6.95% |
| Net Interest Margin (%) | ▲ | 3.28% | +0.24 | 3.04% |
| Efficiency Ratio (%) | ▼ | 61.24% | +0.89 | 60.35% |
| Pre-Provision Profit ($M) | ▼ | $5 | -0.82 | $6 |
| Cost of Funds (%) | ▲ | 2.70% | -0.56 | 3.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,444 | -348.64 | $1,793 |
| Gross Loans ($M) | ▼ | $1,134 | -351.23 | $1,485 |
| Loan Growth YoY (%) | ▼ | 83.44% | -5.45 | 88.89% |
| Total Deposits ($M) | ▼ | $1,319 | -333.45 | $1,652 |
| Shareholders Equity ($M) | ▼ | $116 | -12.61 | $128 |
| Tang. Book Value ($M) | ▼ | $102 | -12.72 | $114 |
| TBV excl. AOCI ($M)** | ▼ | $104 | -13.34 | $117 |
| Loan / Deposit Ratio (%) | ▼ | 83.44% | -5.45 | 88.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.49% | +0.87 | 2.63% |
| Allowance / Loans (%) | — | 2.95% | 1.84% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 4.18% | +1.01 | 3.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 9.69% | +1.50 | 8.19% |
Noninterest income ($2.23M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▁▄▅▅▄ | Net Interest Margin (%) | 3.64% | 3.63% | 3.53% | 3.04% | 3.27% | 3.35% | 3.36% | 3.28% |
| ██▁▆▆▆▁▂ | Return on Assets (%) | 1.05% | 1.05% | -0.46% | 0.50% | 0.53% | 0.53% | -0.54% | -0.26% |
| ▁▁▁█▅▅▆█ | Efficiency Ratio (%) | 53.7% | 52.8% | 52.8% | 60.3% | 57.9% | 57.4% | 58.6% | 61.2% |
| ▆▇█▅▇▅▂▁ | Cost of Funds (%) | 3.40% | 3.50% | 3.64% | 3.26% | 3.43% | 3.18% | 2.86% | 2.70% |
| ▁▁▃▅▅█▅█ | NPA / Assets (%) | 1.06% | 1.23% | 1.82% | 2.63% | 2.44% | 3.71% | 2.71% | 3.49% |
| ▁▁▂▅▅█▆█ | Net Charge-Off Ratio (%) | 1.18% | 1.41% | 1.75% | 3.17% | 2.83% | 4.45% | 3.40% | 4.18% |
| ▇█▃▃▄▅▁▁ | Tang. Book Value ($M) | $130 | $136 | $112 | $114 | $115 | $119 | $103 | $102 |
| ██▇▇▆▄▂▁ | Gross Loans ($M) | $1,552 | $1,545 | $1,497 | $1,485 | $1,441 | $1,327 | $1,200 | $1,134 |
| ▅███▆▄▃▁ | Total Deposits ($M) | $1,497 | $1,627 | $1,625 | $1,652 | $1,536 | $1,453 | $1,437 | $1,319 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 76% |
| C&I / Commercial | 21% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 38% |