Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.34% | -0.20 | -0.14% |
| Return on Equity (%) | ▼ | -3.67% | -2.11 | -1.56% |
| Net Interest Margin (%) | ▲ | 4.00% | +0.29 | 3.71% |
| Efficiency Ratio (%) | ▲ | 74.81% | -6.38 | 81.19% |
| Pre-Provision Profit ($M) | ▲ | $5 | +1.92 | $3 |
| Cost of Funds (%) | ▲ | 1.45% | -0.06 | 1.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,974 | +97.94 | $1,876 |
| Gross Loans ($M) | ▲ | $1,508 | +230.96 | $1,277 |
| Loan Growth YoY (%) | ▲ | 89.34% | +12.53 | 76.80% |
| Total Deposits ($M) | ▲ | $1,655 | +22.30 | $1,633 |
| Shareholders Equity ($M) | ▲ | $184 | +7.52 | $177 |
| Tang. Book Value ($M) | ▲ | $184 | +7.52 | $177 |
| TBV excl. AOCI ($M)** | ▲ | $199 | +4.32 | $195 |
| Loan / Deposit Ratio (%) | ▲ | 89.34% | +12.53 | 76.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.13% | +0.72 | 1.41% |
| Allowance / Loans (%) | — | 1.94% | 0.15% | 1.79% |
| Net Charge-Off Ratio (%) | ▼ | 2.79% | +0.72 | 2.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▅▇█▁▅▆▆█ | Net Interest Margin (%) | 3.87% | 3.95% | 3.99% | 3.71% | 3.86% | 3.91% | 3.92% | 4.00% |
| ▇██▂▅▆▅▁ | Return on Assets (%) | 0.40% | 0.58% | 0.50% | -0.14% | 0.15% | 0.33% | 0.15% | -0.34% |
| ▆▃▂█▄▁▂▃ | Efficiency Ratio (%) | 78.0% | 74.7% | 74.1% | 81.2% | 76.3% | 72.2% | 73.7% | 74.8% |
| ▁▅██▃▇▇▅ | Cost of Funds (%) | 1.34% | 1.44% | 1.53% | 1.51% | 1.41% | 1.50% | 1.48% | 1.45% |
| ▁▁▁▄▁▆▅█ | NPA / Assets (%) | 1.06% | 0.96% | 0.92% | 1.41% | 1.04% | 1.68% | 1.61% | 2.13% |
| ▁▁▁▄▁▆▅█ | Net Charge-Off Ratio (%) | 1.48% | 1.43% | 1.40% | 2.07% | 1.52% | 2.35% | 2.16% | 2.79% |
| ▁▆▃▄▅██▇ | Tang. Book Value ($M) | $170 | $182 | $174 | $177 | $179 | $186 | $187 | $184 |
| ▁▁▁▁▃▄▇█ | Gross Loans ($M) | $1,289 | $1,267 | $1,279 | $1,277 | $1,335 | $1,369 | $1,476 | $1,508 |
| ▁▅█▅█▆▇▆ | Total Deposits ($M) | $1,520 | $1,618 | $1,704 | $1,633 | $1,684 | $1,640 | $1,668 | $1,655 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 61% |
| C&I / Commercial | 6% |
| Consumer | 33% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 20% |