Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.34% | -0.95 | -0.39% |
| Return on Equity (%) | ▼ | -8.69% | -6.66 | -2.03% |
| Net Interest Margin (%) | ▼ | 3.62% | -0.10 | 3.72% |
| Efficiency Ratio (%) | ▲ | 107.25% | -0.95 | 108.20% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -0.02 | $-0 |
| Cost of Funds (%) | ▲ | 2.47% | -0.21 | 2.68% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $222 | +46.52 | $175 |
| Gross Loans ($M) | ▲ | $144 | +54.55 | $89 |
| Loan Growth YoY (%) | ▲ | 83.71% | +17.41 | 66.30% |
| Total Deposits ($M) | ▲ | $170 | +37.49 | $133 |
| Shareholders Equity ($M) | ▲ | $34 | +0.79 | $34 |
| Tang. Book Value ($M) | ▲ | $18 | +0.83 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +0.59 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 83.71% | +17.41 | 66.30% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.00% | +0.23 | 0.77% |
| Allowance / Loans (%) | — | 0.68% | -0.37% | 1.05% |
| Net Charge-Off Ratio (%) | ▼ | 1.51% | +0.08 | 1.44% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 14.24% | -2.96 | 17.20% |
Noninterest income ($1.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▇▇██▇ | Net Interest Margin (%) | 1.54% | 2.37% | 2.77% | 3.72% | 3.88% | 4.20% | 4.22% | 3.62% |
| ▂▄▇▇▅██▁ | Return on Assets (%) | -1.07% | -0.80% | -0.41% | -0.39% | -0.67% | -0.23% | -0.17% | -1.34% |
| ▁▄▅██▇▇█ | Efficiency Ratio (%) | 78.2% | 93.0% | 97.8% | 108.2% | 110.2% | 104.0% | 102.3% | 107.2% |
| ▁███████ | Cost of Funds (%) | -0.36% | 2.69% | 2.56% | 2.68% | 2.50% | 2.53% | 2.61% | 2.47% |
| ▂▇█▁▃▁▂▄ | NPA / Assets (%) | 0.86% | 1.17% | 1.25% | 0.77% | 0.93% | 0.75% | 0.87% | 1.00% |
| ▃▆█▂▃▁▂▂ | Net Charge-Off Ratio (%) | 1.72% | 2.20% | 2.69% | 1.44% | 1.60% | 1.17% | 1.40% | 1.51% |
| ▇█▄▃▁▃▃▅ | Tang. Book Value ($M) | $19 | $19 | $18 | $17 | $16 | $17 | $17 | $18 |
| ▁▂▁▂▃▆▇█ | Gross Loans ($M) | $82 | $89 | $81 | $89 | $101 | $123 | $133 | $144 |
| ▁▂▂▂▂▅██ | Total Deposits ($M) | $124 | $131 | $136 | $133 | $135 | $151 | $172 | $170 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 5% |
| Consumer | 5% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 17% |