Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.60% | -0.41 | 2.01% |
| Return on Equity (%) | ▼ | 10.49% | -3.20 | 13.69% |
| Net Interest Margin (%) | ▼ | 4.17% | -0.54 | 4.71% |
| Efficiency Ratio (%) | ▼ | 53.09% | +8.67 | 44.42% |
| Pre-Provision Profit ($M) | ▼ | $2 | -0.34 | $2 |
| Cost of Funds (%) | ▼ | 1.90% | +0.02 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $320 | +13.08 | $307 |
| Gross Loans ($M) | ▲ | $202 | +7.21 | $195 |
| Loan Growth YoY (%) | ▼ | 75.46% | -0.50 | 75.96% |
| Total Deposits ($M) | ▲ | $265 | +9.92 | $255 |
| Shareholders Equity ($M) | ▲ | $50 | +3.65 | $46 |
| Tang. Book Value ($M) | ▲ | $50 | +3.65 | $46 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +3.71 | $50 |
| Loan / Deposit Ratio (%) | ▼ | 75.46% | -0.50 | 75.96% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.81% | +2.81 | 0.00% |
| Allowance / Loans (%) | — | 1.02% | 0.47% | 0.55% |
| Net Charge-Off Ratio (%) | ▼ | 3.92% | +3.92 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▄██▆▆▁ | Net Interest Margin (%) | 4.16% | 4.18% | 4.42% | 4.71% | 4.68% | 4.55% | 4.51% | 4.17% |
| ▄▅▆██▁▂▆ | Return on Assets (%) | 1.44% | 1.46% | 1.64% | 2.01% | 1.92% | 0.87% | 1.06% | 1.60% |
| ██▅▁▂▅▆▇ | Efficiency Ratio (%) | 54.4% | 53.3% | 50.5% | 44.4% | 46.4% | 49.7% | 50.8% | 53.1% |
| ▆▆█▁▁▂▅▂ | Cost of Funds (%) | 2.02% | 2.02% | 2.08% | 1.87% | 1.85% | 1.89% | 1.98% | 1.90% |
| ▁▁▁▁▁▄██ | NPA / Assets (%) | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 1.21% | 2.79% | 2.81% |
| ▁▁▁▁▁▅██ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.08% | 3.99% | 3.92% |
| ▁▃▄▅▇▆██ | Tang. Book Value ($M) | $40 | $43 | $44 | $46 | $48 | $47 | $49 | $50 |
| ▁▂▄▇█▇██ | Gross Loans ($M) | $167 | $173 | $184 | $195 | $202 | $194 | $199 | $202 |
| ▁▆▂▂▇█▅▄ | Total Deposits ($M) | $251 | $273 | $256 | $255 | $277 | $283 | $269 | $265 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 44% |
| C&I / Commercial | 56% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 20% |