Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.45% | +0.43 | 0.02% |
| Return on Equity (%) | ▲ | 3.71% | +3.44 | 0.27% |
| Net Interest Margin (%) | ▼ | 4.65% | -0.05 | 4.70% |
| Efficiency Ratio (%) | ▲ | 88.59% | -7.38 | 95.98% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.17 | $0 |
| Cost of Funds (%) | ▲ | 1.36% | -0.29 | 1.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $160 | +27.45 | $132 |
| Gross Loans ($M) | ▲ | $123 | +14.22 | $109 |
| Loan Growth YoY (%) | ▼ | 91.37% | -3.10 | 94.47% |
| Total Deposits ($M) | ▲ | $133 | +19.92 | $113 |
| Shareholders Equity ($M) | ▲ | $19 | +7.37 | $12 |
| Tang. Book Value ($M) | ▲ | $19 | +7.37 | $12 |
| Loan / Deposit Ratio (%) | ▼ | 91.37% | -3.10 | 94.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.97% | -1.89 | 2.86% |
| Allowance / Loans (%) | — | 1.26% | -0.59% | 1.85% |
| Net Charge-Off Ratio (%) | ▲ | 1.25% | -2.21 | 3.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.54% | +3.63 | 10.90% |
Noninterest income ($0.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▂▂█▆▆▁ | Net Interest Margin (%) | 4.93% | 4.85% | 4.70% | 4.70% | 4.91% | 4.85% | 4.85% | 4.65% |
| ▃▂▁▃▄██▄ | Return on Assets (%) | -0.11% | -1.59% | -2.70% | 0.02% | 0.52% | 5.53% | 5.20% | 0.45% |
| █████▁▂▇ | Efficiency Ratio (%) | 99.4% | 97.3% | 100.7% | 96.0% | 96.8% | 48.6% | 55.6% | 88.6% |
| ▁█▇▇▅▃▁▁ | Cost of Funds (%) | 1.37% | 1.75% | 1.68% | 1.66% | 1.59% | 1.48% | 1.38% | 1.36% |
| ▂▁▃▅█▃▁▁ | NPA / Assets (%) | 1.61% | 0.87% | 2.16% | 2.86% | 4.84% | 1.97% | 1.16% | 0.97% |
| ▂▁▃▅█▃▁▁ | Net Charge-Off Ratio (%) | 2.12% | 1.13% | 2.70% | 3.46% | 5.79% | 2.65% | 1.51% | 1.25% |
| ▃▂▁▃▃▇██ | Tang. Book Value ($M) | $12 | $11 | $9 | $12 | $12 | $17 | $19 | $19 |
| ▁▂▃▄▅▃▇█ | Gross Loans ($M) | $95 | $100 | $105 | $109 | $110 | $105 | $119 | $123 |
| ▁▂▃▃▂▃▇█ | Total Deposits ($M) | $106 | $111 | $116 | $113 | $112 | $115 | $127 | $133 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 17% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 15% |