Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.67% | +1.39 | 0.28% |
| Return on Equity (%) | ▲ | 20.47% | +15.94 | 4.53% |
| Net Interest Margin (%) | ▲ | 3.61% | +1.00 | 2.61% |
| Efficiency Ratio (%) | ▲ | 69.40% | -23.96 | 93.36% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.44 | $0 |
| Cost of Funds (%) | ▲ | 2.17% | -0.44 | 2.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $127 | +24.02 | $103 |
| Gross Loans ($M) | ▲ | $76 | +18.81 | $57 |
| Loan Growth YoY (%) | ▲ | 68.02% | +7.47 | 60.56% |
| Total Deposits ($M) | ▲ | $110 | +17.17 | $93 |
| Shareholders Equity ($M) | ▲ | $10 | +0.97 | $9 |
| Tang. Book Value ($M) | ▲ | $10 | +0.97 | $9 |
| Loan / Deposit Ratio (%) | ▲ | 68.02% | +7.47 | 60.56% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.03 | 0.18% |
| Allowance / Loans (%) | — | 1.15% | -0.08% | 1.22% |
| Net Charge-Off Ratio (%) | ▲ | 0.25% | -0.08 | 0.33% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.89M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▆▁▅███ | Net Interest Margin (%) | 3.61% | 3.43% | 3.29% | 2.61% | 3.21% | 3.52% | 3.59% | 3.61% |
| ▁▁▂▁▂▃▂█ | Return on Assets (%) | 0.43% | 0.43% | 0.52% | 0.28% | 0.58% | 0.74% | 0.62% | 1.67% |
| ██▇█▆▅▆▁ | Efficiency Ratio (%) | 91.3% | 91.0% | 89.2% | 93.4% | 86.0% | 83.3% | 86.0% | 69.4% |
| ▇▆██▄▃▂▁ | Cost of Funds (%) | 2.57% | 2.51% | 2.63% | 2.61% | 2.39% | 2.30% | 2.28% | 2.17% |
| █▅▄▄▄▃▂▁ | NPA / Assets (%) | 0.22% | 0.19% | 0.18% | 0.18% | 0.18% | 0.18% | 0.16% | 0.15% |
| ▇█▇▆▃▂▂▁ | Net Charge-Off Ratio (%) | 0.36% | 0.38% | 0.35% | 0.33% | 0.30% | 0.27% | 0.27% | 0.25% |
| ▁▁▁▇████ | Tang. Book Value ($M) | $3 | $4 | $4 | $9 | $9 | $10 | $10 | $10 |
| ▁▁▂▃▅▆▇█ | Gross Loans ($M) | $53 | $50 | $54 | $57 | $64 | $69 | $70 | $76 |
| ▁▅▅▄▄▅▅█ | Total Deposits ($M) | $81 | $96 | $98 | $93 | $95 | $96 | $99 | $110 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 83% |
| C&I / Commercial | 16% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 41% |
| Brokered / Other | 23% |