Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.55% | -2.23 | 0.69% |
| Return on Equity (%) | ▼ | -21.96% | -30.29 | 8.33% |
| Net Interest Margin (%) | ▼ | 3.00% | -0.77 | 3.77% |
| Efficiency Ratio (%) | ▼ | 147.84% | +73.74 | 74.10% |
| Pre-Provision Profit ($M) | ▼ | $-4 | -5.97 | $2 |
| Cost of Funds (%) | ▲ | 2.35% | -0.56 | 2.92% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,039 | +172.56 | $866 |
| Gross Loans ($M) | ▲ | $583 | +26.58 | $557 |
| Loan Growth YoY (%) | ▼ | 59.65% | -9.43 | 69.09% |
| Total Deposits ($M) | ▲ | $967 | +175.16 | $792 |
| Shareholders Equity ($M) | ▼ | $69 | -3.06 | $72 |
| Tang. Book Value ($M) | ▼ | $67 | -2.84 | $69 |
| TBV excl. AOCI ($M)** | ▼ | $69 | -2.95 | $72 |
| Loan / Deposit Ratio (%) | ▼ | 59.65% | -9.43 | 69.09% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 4.09% | +1.24 | 2.85% |
| Allowance / Loans (%) | — | 1.06% | -0.62% | 1.68% |
| Net Charge-Off Ratio (%) | ▼ | 7.29% | +2.85 | 4.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 9.85% | +9.85 | 0.00% |
Noninterest income ($1.66M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▆▇█▄▄▄▁ | Net Interest Margin (%) | 3.50% | 3.55% | 3.58% | 3.77% | 3.36% | 3.37% | 3.37% | 3.00% |
| █▇▄▄▄▄▃▁ | Return on Assets (%) | 3.36% | 2.30% | 0.45% | 0.69% | 0.71% | 0.31% | 0.27% | -1.55% |
| ▁▁▂▃▅▆▅█ | Efficiency Ratio (%) | 49.3% | 58.5% | 67.5% | 74.1% | 110.0% | 111.8% | 103.8% | 147.8% |
| █▇▄▅▄▅▂▁ | Cost of Funds (%) | 3.34% | 3.16% | 2.79% | 2.92% | 2.78% | 2.85% | 2.48% | 2.35% |
| ▁▁▂▄▄▂▄█ | NPA / Assets (%) | 1.66% | 1.69% | 2.17% | 2.85% | 2.67% | 2.20% | 2.64% | 4.09% |
| ▁▁▂▄▃▂▄█ | Net Charge-Off Ratio (%) | 2.24% | 2.34% | 3.31% | 4.44% | 4.09% | 3.40% | 4.18% | 7.29% |
| ██▃▅▅▆▇▁ | Tang. Book Value ($M) | $71 | $72 | $68 | $69 | $70 | $70 | $71 | $67 |
| ▃▅▁▁▁▂█▅ | Gross Loans ($M) | $572 | $590 | $561 | $557 | $562 | $568 | $610 | $583 |
| ▁▁▁▂▂▂▆█ | Total Deposits ($M) | $757 | $758 | $779 | $792 | $789 | $802 | $889 | $967 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 33% |
| C&I / Commercial | 56% |
| Consumer | 9% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 25% |
| Interest-Bearing (core) | 43% |
| Brokered / Other | 32% |