Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.07% | +0.29 | -0.23% |
| Return on Equity (%) | ▲ | 0.80% | +3.78 | -2.98% |
| Net Interest Margin (%) | ▲ | 1.99% | +0.46 | 1.52% |
| Efficiency Ratio (%) | ▲ | 99.87% | -16.85 | 116.72% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.69 | $-1 |
| Cost of Funds (%) | ▲ | 2.25% | -0.31 | 2.56% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $836 | -94.27 | $930 |
| Gross Loans ($M) | ▼ | $590 | -73.30 | $663 |
| Loan Growth YoY (%) | ▼ | 85.49% | -5.67 | 91.16% |
| Total Deposits ($M) | ▼ | $684 | -36.82 | $721 |
| Shareholders Equity ($M) | ▼ | $69 | -1.27 | $71 |
| Tang. Book Value ($M) | ▼ | $69 | -1.27 | $71 |
| TBV excl. AOCI ($M)** | ▼ | $78 | -2.52 | $81 |
| Loan / Deposit Ratio (%) | ▼ | 85.49% | -5.67 | 91.16% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.06% | -0.01 | 0.07% |
| Allowance / Loans (%) | — | 0.89% | -0.05% | 0.93% |
| Net Charge-Off Ratio (%) | ▲ | 0.09% | -0.01 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.26% | +0.32 | 12.94% |
Noninterest income ($0.92M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▂▃▄█ | Net Interest Margin (%) | 1.40% | 1.41% | 1.44% | 1.52% | 1.54% | 1.56% | 1.63% | 1.99% |
| █▇▆▃▃▂▁▆ | Return on Assets (%) | 0.41% | 0.24% | 0.16% | -0.23% | -0.24% | -0.45% | -0.59% | 0.07% |
| ▁▁▂▄▄▇█▂ | Efficiency Ratio (%) | 81.9% | 90.7% | 94.3% | 116.7% | 113.0% | 142.1% | 156.8% | 99.9% |
| █▇▆▆▇█▆▁ | Cost of Funds (%) | 2.69% | 2.62% | 2.58% | 2.56% | 2.61% | 2.72% | 2.56% | 2.25% |
| ▁▃█▇█▇▁▅ | NPA / Assets (%) | 0.04% | 0.05% | 0.08% | 0.07% | 0.08% | 0.07% | 0.04% | 0.06% |
| ▁▃█▇██▁▆ | Net Charge-Off Ratio (%) | 0.05% | 0.07% | 0.10% | 0.10% | 0.11% | 0.10% | 0.06% | 0.09% |
| ▄█▂▃▂▂▁▁ | Tang. Book Value ($M) | $71 | $73 | $70 | $71 | $70 | $70 | $69 | $69 |
| ▇████▅▂▁ | Gross Loans ($M) | $654 | $661 | $656 | $663 | $665 | $636 | $602 | $590 |
| ▂▃▂█▅▁▁▁ | Total Deposits ($M) | $690 | $695 | $692 | $721 | $706 | $688 | $686 | $684 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 29% |