Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.04% | -1.30 | 0.26% |
| Return on Equity (%) | ▼ | -11.56% | -14.63 | 3.07% |
| Net Interest Margin (%) | ▼ | 2.19% | -0.21 | 2.41% |
| Efficiency Ratio (%) | ▼ | 104.04% | +11.05 | 92.99% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -0.82 | $1 |
| Cost of Funds (%) | ▼ | 1.64% | +0.29 | 1.35% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $609 | +2.40 | $607 |
| Gross Loans ($M) | ▼ | $405 | -6.26 | $412 |
| Loan Growth YoY (%) | ▲ | 83.76% | +4.67 | 79.10% |
| Total Deposits ($M) | ▼ | $482 | -36.30 | $518 |
| Shareholders Equity ($M) | ▲ | $60 | +1.15 | $59 |
| Tang. Book Value ($M) | ▲ | $60 | +1.15 | $59 |
| TBV excl. AOCI ($M)** | ▲ | $67 | +2.57 | $65 |
| Loan / Deposit Ratio (%) | ▲ | 83.76% | +4.67 | 79.10% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.13% | +0.12 | 0.01% |
| Allowance / Loans (%) | — | 0.40% | -0.00% | 0.40% |
| Net Charge-Off Ratio (%) | ▼ | 0.19% | +0.18 | 0.01% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.78M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▆▄▃▄▂▁ | Net Interest Margin (%) | 2.66% | 2.71% | 2.57% | 2.41% | 2.38% | 2.39% | 2.26% | 2.19% |
| ████▇█▇▁ | Return on Assets (%) | 0.41% | 0.37% | 0.34% | 0.26% | 0.20% | 0.35% | 0.21% | -1.04% |
| ▂▁▇▁▆▇▆█ | Efficiency Ratio (%) | 94.3% | 92.0% | 101.4% | 93.0% | 100.9% | 101.6% | 99.9% | 104.0% |
| ▃▇▁▅██▅█ | Cost of Funds (%) | 1.25% | 1.51% | 1.03% | 1.35% | 1.60% | 1.59% | 1.36% | 1.64% |
| █▂▁▁▁▁▂▃ | NPA / Assets (%) | 0.42% | 0.09% | 0.02% | 0.01% | 0.02% | 0.03% | 0.08% | 0.13% |
| █▂▁▁▁▁▂▃ | Net Charge-Off Ratio (%) | 0.59% | 0.13% | 0.03% | 0.01% | 0.04% | 0.04% | 0.15% | 0.19% |
| ▁▅▂▄▅██▅ | Tang. Book Value ($M) | $56 | $60 | $57 | $59 | $60 | $62 | $63 | $60 |
| █▅▂▃▂▂▁▁ | Gross Loans ($M) | $434 | $421 | $410 | $412 | $409 | $409 | $403 | $405 |
| ▅▅▆▆▆█▆▁ | Total Deposits ($M) | $512 | $507 | $512 | $518 | $517 | $531 | $517 | $482 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 61% |
| Brokered / Other | 24% |