Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.42% | -0.08 | 0.50% |
| Return on Equity (%) | ▼ | 3.49% | -1.57 | 5.06% |
| Net Interest Margin (%) | ▲ | 3.27% | +0.29 | 2.98% |
| Efficiency Ratio (%) | ▼ | 83.77% | +4.87 | 78.89% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.08 | $0 |
| Cost of Funds (%) | ▲ | 1.20% | -0.28 | 1.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $188 | -13.59 | $202 |
| Gross Loans ($M) | ▼ | $111 | -4.45 | $115 |
| Loan Growth YoY (%) | ▲ | 75.80% | +1.93 | 73.87% |
| Total Deposits ($M) | ▼ | $143 | -9.72 | $153 |
| Shareholders Equity ($M) | ▲ | $23 | +1.96 | $21 |
| Tang. Book Value ($M) | ▲ | $22 | +2.65 | $19 |
| TBV excl. AOCI ($M)** | ▲ | $25 | +2.28 | $22 |
| Loan / Deposit Ratio (%) | ▲ | 75.80% | +1.93 | 73.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.11% | +1.40 | 0.71% |
| Allowance / Loans (%) | — | 2.00% | 0.04% | 1.96% |
| Net Charge-Off Ratio (%) | ▼ | 3.59% | +2.34 | 1.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.21M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▃▄▄▇██ | Net Interest Margin (%) | 2.77% | 2.94% | 2.90% | 2.98% | 3.02% | 3.20% | 3.24% | 3.27% |
| ██▇▃▃▅█▁ | Return on Assets (%) | 0.68% | 0.71% | 0.65% | 0.50% | 0.52% | 0.57% | 0.71% | 0.42% |
| ▁▁▂▅▄▂▁█ | Efficiency Ratio (%) | 73.2% | 72.8% | 74.2% | 78.9% | 77.9% | 75.3% | 73.3% | 83.8% |
| █▅▆▆▅▂▁▁ | Cost of Funds (%) | 1.61% | 1.42% | 1.48% | 1.48% | 1.44% | 1.28% | 1.23% | 1.20% |
| ▁▃▃▃▃█▇█ | NPA / Assets (%) | 0.11% | 0.70% | 0.72% | 0.71% | 0.74% | 2.29% | 1.96% | 2.11% |
| ▁▃▃▃▃█▇█ | Net Charge-Off Ratio (%) | 0.00% | 1.25% | 1.23% | 1.25% | 1.28% | 3.89% | 3.34% | 3.59% |
| ▁▄▂▄▆▇██ | Tang. Book Value ($M) | $17 | $19 | $18 | $19 | $20 | $21 | $22 | $22 |
| █▆▇▆▅▅▁▃ | Gross Loans ($M) | $119 | $116 | $117 | $115 | $114 | $114 | $107 | $111 |
| ▇█▄▇▆▇▁▂ | Total Deposits ($M) | $152 | $156 | $147 | $153 | $150 | $152 | $139 | $143 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 16% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 2% |