Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.93% | -0.05 | 1.98% |
| Return on Equity (%) | ▼ | 12.89% | -0.90 | 13.79% |
| Net Interest Margin (%) | ▲ | 4.16% | +0.10 | 4.06% |
| Efficiency Ratio (%) | ▼ | 58.54% | +2.59 | 55.95% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.01 | $1 |
| Cost of Funds (%) | ▲ | 1.11% | -0.03 | 1.13% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $102 | +2.49 | $99 |
| Gross Loans ($M) | ▼ | $53 | -0.68 | $54 |
| Loan Growth YoY (%) | ▼ | 60.48% | -2.11 | 62.59% |
| Total Deposits ($M) | ▲ | $87 | +1.84 | $85 |
| Shareholders Equity ($M) | ▲ | $15 | +0.66 | $15 |
| Tang. Book Value ($M) | ▲ | $15 | +0.66 | $15 |
| Loan / Deposit Ratio (%) | ▼ | 60.48% | -2.11 | 62.59% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.77% | 0.00 | 0.77% |
| Allowance / Loans (%) | — | 1.46% | -0.00% | 1.46% |
| Net Charge-Off Ratio (%) | ▼ | 1.44% | +0.02 | 1.43% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▁▃▆▆▃ | Net Interest Margin (%) | 4.35% | 4.33% | 4.24% | 4.06% | 4.14% | 4.27% | 4.26% | 4.16% |
| █▁▁▃▆▃▂▁ | Return on Assets (%) | 2.25% | 1.89% | 1.90% | 1.98% | 2.14% | 2.00% | 1.97% | 1.93% |
| ▁█▇▆▂▇▇█ | Efficiency Ratio (%) | 51.4% | 58.0% | 57.6% | 56.0% | 53.0% | 57.1% | 57.4% | 58.5% |
| ▃█▅▃▄▅▁▂ | Cost of Funds (%) | 1.13% | 1.22% | 1.16% | 1.13% | 1.15% | 1.17% | 1.09% | 1.11% |
| █▁▁▂▆▅▁▂ | NPA / Assets (%) | 3.64% | 0.36% | 0.65% | 0.77% | 2.45% | 2.17% | 0.31% | 0.77% |
| █▁▁▂▆▅▁▂ | Net Charge-Off Ratio (%) | 5.97% | 0.55% | 1.22% | 1.43% | 4.26% | 3.72% | 0.60% | 1.44% |
| ▁▂▄▃▅▆█▆ | Tang. Book Value ($M) | $14 | $14 | $15 | $15 | $15 | $15 | $16 | $15 |
| ▅█▄▁▄▃▂▁ | Gross Loans ($M) | $58 | $61 | $56 | $54 | $56 | $56 | $54 | $53 |
| ▂▁█▅▃▂█▆ | Total Deposits ($M) | $80 | $78 | $91 | $85 | $82 | $80 | $90 | $87 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 2% |
| Consumer | 15% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 1% |