Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.24% | -1.98 | 2.22% |
| Return on Equity (%) | ▼ | 1.51% | -12.94 | 14.45% |
| Net Interest Margin (%) | ▼ | 2.45% | -1.76 | 4.21% |
| Efficiency Ratio (%) | ▼ | 90.26% | +41.82 | 48.44% |
| Pre-Provision Profit ($M) | ▼ | $1 | -7.07 | $8 |
| Cost of Funds (%) | ▼ | 2.85% | +0.12 | 2.73% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $1,024 | -27.16 | $1,051 |
| Gross Loans ($M) | ▲ | $646 | +135.94 | $510 |
| Loan Growth YoY (%) | ▲ | 83.82% | +15.61 | 68.21% |
| Total Deposits ($M) | ▲ | $762 | +23.95 | $738 |
| Shareholders Equity ($M) | ▼ | $166 | -0.33 | $167 |
| Tang. Book Value ($M) | ▼ | $166 | -0.33 | $167 |
| TBV excl. AOCI ($M)** | ▼ | $176 | -1.47 | $178 |
| Loan / Deposit Ratio (%) | ▲ | 83.82% | +15.61 | 68.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.55% | -0.16 | 1.70% |
| Allowance / Loans (%) | — | 1.10% | -0.16% | 1.26% |
| Net Charge-Off Ratio (%) | ▲ | 0.06% | -2.96 | 3.02% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.00M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄▄▃█▅▄▃▁ | Net Interest Margin (%) | 3.23% | 3.15% | 3.08% | 4.21% | 3.41% | 3.15% | 3.01% | 2.45% |
| ▄▄▄█▆▄▃▁ | Return on Assets (%) | 1.22% | 1.18% | 1.17% | 2.22% | 1.55% | 1.09% | 0.94% | 0.24% |
| ▃▄▃▁▂▃▄█ | Efficiency Ratio (%) | 63.2% | 64.8% | 63.7% | 48.4% | 57.4% | 63.2% | 67.5% | 90.3% |
| ▁▁▁▁██▄▄ | Cost of Funds (%) | 2.70% | 2.70% | 2.70% | 2.73% | 3.05% | 3.07% | 2.85% | 2.85% |
| ▇▇█▄▅▄▁▂ | NPA / Assets (%) | 1.98% | 1.93% | 2.09% | 1.70% | 1.81% | 1.73% | 1.45% | 1.55% |
| ███▇▆▆▁▁ | Net Charge-Off Ratio (%) | 3.89% | 3.91% | 3.99% | 3.02% | 2.95% | 2.64% | 0.06% | 0.06% |
| ▁▃▄▅▇▇█▅ | Tang. Book Value ($M) | $160 | $163 | $166 | $167 | $169 | $170 | $172 | $166 |
| ▂▂▁▁▂▆▅█ | Gross Loans ($M) | $531 | $528 | $519 | $510 | $535 | $596 | $591 | $646 |
| ▃▁▆▂▁▅█▄ | Total Deposits ($M) | $747 | $721 | $782 | $738 | $721 | $770 | $812 | $762 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 11% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 14% |