Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.92% | -4.90 | 5.81% |
| Return on Equity (%) | ▼ | 15.22% | -113.95 | 129.17% |
| Net Interest Margin (%) | ▲ | 3.15% | +0.81 | 2.34% |
| Efficiency Ratio (%) | ▼ | 76.08% | +46.16 | 29.91% |
| Pre-Provision Profit ($M) | ▼ | $1 | -4.70 | $6 |
| Cost of Funds (%) | ▲ | 1.29% | -0.35 | 1.64% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $372 | +22.68 | $350 |
| Gross Loans ($M) | ▲ | $160 | +4.84 | $155 |
| Loan Growth YoY (%) | ▼ | 50.17% | -0.38 | 50.54% |
| Total Deposits ($M) | ▲ | $315 | +11.69 | $303 |
| Shareholders Equity ($M) | ▲ | $22 | +3.24 | $19 |
| Tang. Book Value ($M) | ▲ | $20 | +3.15 | $17 |
| TBV excl. AOCI ($M)** | ▲ | $26 | +3.87 | $23 |
| Loan / Deposit Ratio (%) | ▼ | 50.17% | -0.38 | 50.54% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -0.05 | 0.06% |
| Allowance / Loans (%) | — | 1.30% | 0.04% | 1.26% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -0.11 | 0.13% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 13.56% | -2.52 | 16.09% |
Noninterest income ($0.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▅▆█ | Net Interest Margin (%) | 2.23% | 2.22% | 2.25% | 2.34% | 2.57% | 2.69% | 2.82% | 3.15% |
| ▁▁▁█▃▁▁▂ | Return on Assets (%) | 0.09% | 0.17% | 0.15% | 5.81% | 1.63% | 0.61% | 0.62% | 0.92% |
| ███▁▃▄▄▇ | Efficiency Ratio (%) | 86.1% | 85.2% | 83.3% | 29.9% | 44.5% | 51.8% | 56.0% | 76.1% |
| ███▆▅▄▄▁ | Cost of Funds (%) | 1.75% | 1.76% | 1.80% | 1.64% | 1.59% | 1.54% | 1.51% | 1.29% |
| ▁▂▂██▁▂▂ | NPA / Assets (%) | 0.00% | 0.01% | 0.01% | 0.06% | 0.06% | 0.00% | 0.01% | 0.01% |
| ▁▂▂██▁▂▂ | Net Charge-Off Ratio (%) | 0.00% | 0.02% | 0.02% | 0.13% | 0.12% | 0.00% | 0.02% | 0.02% |
| ▁▃▁▆▆███ | Tang. Book Value ($M) | $9 | $13 | $10 | $17 | $17 | $19 | $20 | $20 |
| ▁▂▅▂██▆▆ | Gross Loans ($M) | $153 | $154 | $159 | $155 | $163 | $163 | $160 | $160 |
| ▁▁▂▅▅▄▆█ | Total Deposits ($M) | $290 | $289 | $293 | $303 | $303 | $302 | $308 | $315 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 78% |
| C&I / Commercial | 10% |
| Consumer | 7% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 85% |
| Brokered / Other | 6% |