Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.28% | +0.13 | 0.15% |
| Return on Equity (%) | ▲ | 103.05% | +103.05 | 0.00% |
| Net Interest Margin (%) | ▲ | 2.71% | +0.28 | 2.43% |
| Efficiency Ratio (%) | ▲ | 85.76% | -3.02 | 88.78% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.21 | $0 |
| Cost of Funds (%) | ▲ | 1.71% | -0.22 | 1.93% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $638 | +5.64 | $632 |
| Gross Loans ($M) | ▲ | $292 | +14.90 | $277 |
| Loan Growth YoY (%) | ▲ | 47.32% | +1.82 | 45.50% |
| Total Deposits ($M) | ▲ | $608 | +6.22 | $602 |
| Shareholders Equity ($M) | ▲ | $2 | +7.25 | $-6 |
| Tang. Book Value ($M) | ▲ | $2 | +7.25 | $-6 |
| TBV excl. AOCI ($M)** | ▲ | $15 | +6.94 | $8 |
| Loan / Deposit Ratio (%) | ▲ | 47.32% | +1.82 | 45.50% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.36% | -0.01 | 0.37% |
| Allowance / Loans (%) | — | 1.52% | 0.28% | 1.24% |
| Net Charge-Off Ratio (%) | ▲ | 0.78% | -0.05 | 0.83% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 15.42% | +1.51 | 13.91% |
Noninterest income ($0.96M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▃▄█ | Net Interest Margin (%) | 2.42% | 2.42% | 2.42% | 2.43% | 2.47% | 2.50% | 2.54% | 2.71% |
| █▆▅▁▁▂▂▄ | Return on Assets (%) | 0.46% | 0.37% | 0.31% | 0.15% | 0.15% | 0.20% | 0.19% | 0.28% |
| ▁▁▃█▇▇▅▆ | Efficiency Ratio (%) | 77.7% | 78.9% | 81.4% | 88.8% | 86.9% | 86.2% | 84.0% | 85.8% |
| ███▅▃▅▄▁ | Cost of Funds (%) | 2.11% | 2.12% | 2.09% | 1.93% | 1.84% | 1.93% | 1.87% | 1.71% |
| █▄▁█████ | NPA / Assets (%) | 0.36% | 0.24% | 0.14% | 0.37% | 0.35% | 0.35% | 0.35% | 0.36% |
| █▄▁██▇▇▇ | Net Charge-Off Ratio (%) | 0.89% | 0.60% | 0.32% | 0.83% | 0.82% | 0.80% | 0.79% | 0.78% |
| ▁█▁▂▄▆█▇ | Tang. Book Value ($M) | $-7 | $3 | $-8 | $-6 | $-3 | $-1 | $2 | $2 |
| ▁▁▁▃▆▇▆█ | Gross Loans ($M) | $271 | $272 | $271 | $277 | $286 | $289 | $287 | $292 |
| ▃▅▁▁█▆▄▂ | Total Deposits ($M) | $616 | $623 | $604 | $602 | $642 | $629 | $619 | $608 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 81% |
| C&I / Commercial | 15% |
| Consumer | 1% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 11% |