Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.11% | +0.57 | -0.47% |
| Return on Equity (%) | ▲ | 1.03% | +6.28 | -5.25% |
| Net Interest Margin (%) | ▲ | 3.35% | +0.29 | 3.07% |
| Efficiency Ratio (%) | ▲ | 93.08% | -14.46 | 107.54% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.22 | $-0 |
| Cost of Funds (%) | ▲ | 1.41% | -0.12 | 1.52% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $168 | -1.64 | $169 |
| Gross Loans ($M) | ▲ | $115 | +3.40 | $112 |
| Loan Growth YoY (%) | ▲ | 89.04% | +10.13 | 78.91% |
| Total Deposits ($M) | ▼ | $128 | -11.97 | $140 |
| Shareholders Equity ($M) | ▲ | $17 | +1.27 | $16 |
| Tang. Book Value ($M) | ▲ | $17 | +1.25 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $19 | +0.98 | $18 |
| Loan / Deposit Ratio (%) | ▲ | 89.04% | +10.13 | 78.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.27% | -0.15% | 1.42% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -16.01 | 16.01% |
Noninterest income ($0.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▅▇█▇ | Net Interest Margin (%) | 2.89% | 2.81% | 2.84% | 3.07% | 3.23% | 3.40% | 3.49% | 3.35% |
| ▆▆▆▁▄▅█▇ | Return on Assets (%) | 0.04% | 0.04% | -0.01% | -0.47% | -0.20% | -0.03% | 0.23% | 0.11% |
| ▇▇▆█▆▄▁▁ | Efficiency Ratio (%) | 104.5% | 105.6% | 103.0% | 107.5% | 103.2% | 99.4% | 94.5% | 93.1% |
| ▇█▅▂▁▁▁▁ | Cost of Funds (%) | 1.87% | 2.01% | 1.74% | 1.52% | 1.40% | 1.38% | 1.43% | 1.41% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▅▂▃▃▆█▇ | Tang. Book Value ($M) | $15 | $16 | $15 | $16 | $16 | $17 | $17 | $17 |
| ▁▂▄▆██▇█ | Gross Loans ($M) | $93 | $98 | $105 | $112 | $118 | $116 | $113 | $115 |
| ▁▂█▅▆█▂▁ | Total Deposits ($M) | $129 | $133 | $148 | $140 | $141 | $147 | $132 | $128 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 57% |
| Brokered / Other | 16% |