Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.65% | +0.39 | 0.25% |
| Return on Equity (%) | ▲ | 5.97% | +3.19 | 2.78% |
| Net Interest Margin (%) | ▼ | 2.30% | -0.00 | 2.30% |
| Efficiency Ratio (%) | ▲ | 87.02% | -7.86 | 94.88% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.23 | $0 |
| Cost of Funds (%) | ▲ | 2.72% | -0.22 | 2.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $159 | +0.36 | $158 |
| Gross Loans ($M) | ▲ | $125 | +2.99 | $122 |
| Loan Growth YoY (%) | ▲ | 140.73% | +1.74 | 138.98% |
| Total Deposits ($M) | ▲ | $88 | +1.15 | $87 |
| Shareholders Equity ($M) | ▲ | $17 | +2.66 | $14 |
| Tang. Book Value ($M) | ▲ | $15 | +2.66 | $13 |
| Loan / Deposit Ratio (%) | ▲ | 140.73% | +1.74 | 138.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.55% | -0.01 | 0.55% |
| Allowance / Loans (%) | — | 0.67% | -0.14% | 0.82% |
| Net Charge-Off Ratio (%) | ▲ | 0.69% | -0.03 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -14.21 | 14.21% |
Noninterest income ($1.68M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁█▇▇██ | Net Interest Margin (%) | 2.12% | 2.13% | 2.13% | 2.30% | 2.28% | 2.26% | 2.30% | 2.30% |
| ▆██▁▁▄▇█ | Return on Assets (%) | 0.51% | 0.64% | 0.61% | 0.25% | 0.27% | 0.44% | 0.57% | 0.65% |
| ▃▁▁██▅▄▂ | Efficiency Ratio (%) | 87.2% | 84.5% | 85.2% | 94.9% | 94.5% | 90.8% | 88.8% | 87.0% |
| ▅▇█▆█▅▇▁ | Cost of Funds (%) | 2.89% | 3.00% | 3.05% | 2.94% | 3.04% | 2.93% | 3.01% | 2.72% |
| █▃▁▁▁▁▁▁ | NPA / Assets (%) | 0.86% | 0.64% | 0.58% | 0.55% | 0.56% | 0.55% | 0.55% | 0.55% |
| █▃▂▁▁▁▁▁ | Net Charge-Off Ratio (%) | 1.15% | 0.83% | 0.76% | 0.72% | 0.71% | 0.71% | 0.72% | 0.69% |
| ▁▂▂▃▆▇██ | Tang. Book Value ($M) | $12 | $13 | $12 | $13 | $14 | $15 | $15 | $15 |
| ▁▃▅▇▇▇▅█ | Gross Loans ($M) | $113 | $117 | $120 | $122 | $124 | $123 | $120 | $125 |
| ▂▁▁▆▇▇██ | Total Deposits ($M) | $85 | $84 | $84 | $87 | $88 | $88 | $89 | $88 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 51% |
| Brokered / Other | 46% |