Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.35% | +0.69 | -0.34% |
| Return on Equity (%) | ▲ | 5.45% | +10.95 | -5.50% |
| Net Interest Margin (%) | ▲ | 3.33% | +0.16 | 3.17% |
| Efficiency Ratio (%) | ▲ | 93.43% | -14.16 | 107.59% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.27 | $-0 |
| Cost of Funds (%) | ▼ | 1.46% | +0.04 | 1.42% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $156 | -0.12 | $156 |
| Gross Loans ($M) | ▼ | $68 | -1.28 | $70 |
| Loan Growth YoY (%) | ▼ | 47.40% | -2.11 | 49.51% |
| Total Deposits ($M) | ▲ | $143 | +3.57 | $140 |
| Shareholders Equity ($M) | ▼ | $10 | -0.01 | $10 |
| Tang. Book Value ($M) | ▼ | $9 | -0.01 | $9 |
| TBV excl. AOCI ($M)** | ▼ | $12 | -0.28 | $13 |
| Loan / Deposit Ratio (%) | ▼ | 47.40% | -2.11 | 49.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.27% | -1.40 | 1.68% |
| Allowance / Loans (%) | — | 0.80% | -0.01% | 0.81% |
| Net Charge-Off Ratio (%) | ▲ | 0.55% | -2.92 | 3.47% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.91M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▇███ | Net Interest Margin (%) | 2.92% | 2.92% | 2.96% | 3.17% | 3.28% | 3.34% | 3.39% | 3.33% |
| █▇█▇▁▃▄█ | Return on Assets (%) | 0.03% | -0.01% | 0.08% | -0.34% | -2.46% | -1.52% | -1.14% | 0.35% |
| ▄▄▃█▄▃▃▁ | Efficiency Ratio (%) | 99.2% | 99.9% | 98.0% | 107.6% | 99.8% | 97.7% | 98.3% | 93.4% |
| ██▇▁▁▁▃▂ | Cost of Funds (%) | 1.63% | 1.65% | 1.61% | 1.42% | 1.40% | 1.42% | 1.47% | 1.46% |
| ▇███▂▂▁▁ | NPA / Assets (%) | 1.42% | 1.71% | 1.72% | 1.68% | 0.58% | 0.53% | 0.24% | 0.27% |
| ▇███▂▂▁▁ | Net Charge-Off Ratio (%) | 3.00% | 3.63% | 3.63% | 3.47% | 1.07% | 0.93% | 0.53% | 0.55% |
| ▁█▂▅▁▄▅▅ | Tang. Book Value ($M) | $8 | $11 | $9 | $9 | $8 | $9 | $9 | $9 |
| ▇█▄▅▁▅▆▄ | Gross Loans ($M) | $71 | $73 | $69 | $70 | $65 | $70 | $71 | $68 |
| ▁▅▄▁▁█▆▇ | Total Deposits ($M) | $140 | $142 | $141 | $140 | $140 | $144 | $143 | $143 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 9% |
| Consumer | 5% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 11% |