Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.51% | +0.24 | 0.27% |
| Return on Equity (%) | ▲ | 8.21% | +1.55 | 6.66% |
| Net Interest Margin (%) | ▲ | 2.77% | +0.26 | 2.51% |
| Efficiency Ratio (%) | ▲ | 82.03% | -6.93 | 88.96% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.11 | $0 |
| Cost of Funds (%) | ▲ | 1.61% | -0.15 | 1.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $185 | +2.39 | $182 |
| Gross Loans ($M) | ▼ | $85 | -2.90 | $88 |
| Loan Growth YoY (%) | ▼ | 54.72% | -1.21 | 55.93% |
| Total Deposits ($M) | ▼ | $154 | -2.05 | $156 |
| Shareholders Equity ($M) | ▲ | $11 | +3.27 | $8 |
| Tang. Book Value ($M) | ▲ | $11 | +3.28 | $8 |
| TBV excl. AOCI ($M)** | ▲ | $15 | +3.37 | $12 |
| Loan / Deposit Ratio (%) | ▼ | 54.72% | -1.21 | 55.93% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.01% | +0.70 | 0.31% |
| Allowance / Loans (%) | — | 1.27% | 0.16% | 1.10% |
| Net Charge-Off Ratio (%) | ▼ | 2.18% | +1.55 | 0.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.73% | +0.99 | 15.74% |
Noninterest income ($0.20M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▇▆██ | Net Interest Margin (%) | 2.36% | 2.32% | 2.38% | 2.51% | 2.66% | 2.64% | 2.75% | 2.77% |
| ▃▃▁▅▇▇██ | Return on Assets (%) | 0.19% | 0.17% | 0.00% | 0.27% | 0.43% | 0.42% | 0.50% | 0.51% |
| ▂▆█▄▁▁▁▁ | Efficiency Ratio (%) | 84.8% | 93.2% | 98.4% | 89.0% | 83.3% | 83.7% | 82.0% | 82.0% |
| ▅▇█▆▅▅▄▁ | Cost of Funds (%) | 1.73% | 1.78% | 1.82% | 1.76% | 1.73% | 1.71% | 1.70% | 1.61% |
| ▄▄▂▃▂▂▁█ | NPA / Assets (%) | 0.41% | 0.40% | 0.19% | 0.31% | 0.28% | 0.26% | 0.04% | 1.01% |
| ▄▄▂▃▂▂▁█ | Net Charge-Off Ratio (%) | 0.90% | 0.90% | 0.41% | 0.63% | 0.56% | 0.55% | 0.08% | 2.18% |
| ▁▆▁▃▄▇██ | Tang. Book Value ($M) | $7 | $9 | $6 | $8 | $8 | $10 | $11 | $11 |
| ▁▃▆████▆ | Gross Loans ($M) | $76 | $80 | $85 | $88 | $89 | $87 | $88 | $85 |
| ▁▁▄██▇▃▆ | Total Deposits ($M) | $149 | $150 | $152 | $156 | $157 | $156 | $152 | $154 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 10% |
| Consumer | 3% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 22% |