Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.80% | -0.70 | 1.50% |
| Return on Equity (%) | ▼ | 4.21% | -3.91 | 8.12% |
| Net Interest Margin (%) | ▼ | 4.31% | -1.37 | 5.67% |
| Efficiency Ratio (%) | ▼ | 69.21% | +12.51 | 56.70% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.45 | $1 |
| Cost of Funds (%) | ▼ | 0.68% | +0.26 | 0.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $305 | +56.22 | $249 |
| Gross Loans ($M) | ▲ | $117 | +2.94 | $114 |
| Loan Growth YoY (%) | ▼ | 45.96% | -10.02 | 55.98% |
| Total Deposits ($M) | ▲ | $246 | +44.80 | $201 |
| Shareholders Equity ($M) | ▲ | $58 | +11.13 | $47 |
| Tang. Book Value ($M) | ▲ | $39 | +4.02 | $35 |
| TBV excl. AOCI ($M)** | ▲ | $42 | +3.50 | $38 |
| Loan / Deposit Ratio (%) | ▼ | 45.96% | -10.02 | 55.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.61% | +0.30 | 1.31% |
| Allowance / Loans (%) | — | 3.62% | 2.06% | 1.56% |
| Net Charge-Off Ratio (%) | ▼ | 3.26% | +1.75 | 1.51% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.46M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██████▁▆ | Net Interest Margin (%) | 5.80% | 5.64% | 5.74% | 5.67% | 5.93% | 5.75% | 0.93% | 4.31% |
| ▅▇▇███▁▃ | Return on Assets (%) | 0.99% | 1.37% | 1.40% | 1.50% | 1.67% | 1.58% | 0.28% | 0.80% |
| ▇▅▄▂▁▂▁█ | Efficiency Ratio (%) | 66.9% | 63.3% | 60.2% | 56.7% | 55.3% | 55.8% | 53.7% | 69.2% |
| ▆▆▆▇▇▆▁█ | Cost of Funds (%) | 0.16% | 0.17% | 0.26% | 0.42% | 0.37% | 0.31% | -0.74% | 0.68% |
| █▃▄▁█▇█▇ | NPA / Assets (%) | 1.68% | 1.42% | 1.47% | 1.31% | 1.65% | 1.59% | 1.67% | 1.61% |
| █▅▃▁▄▄▇▇ | Net Charge-Off Ratio (%) | 3.67% | 2.61% | 2.31% | 1.51% | 2.47% | 2.42% | 3.29% | 3.26% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $32 | $34 | $34 | $35 | $36 | $38 | $39 | $39 |
| ▁▃▇▇▄▄██ | Gross Loans ($M) | $97 | $104 | $114 | $114 | $106 | $106 | $116 | $117 |
| ▅▃▁▁▁▂██ | Total Deposits ($M) | $227 | $213 | $201 | $201 | $203 | $206 | $245 | $246 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 80% |
| C&I / Commercial | 18% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 2% |