Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.10% | -0.65 | 0.75% |
| Return on Equity (%) | ▼ | 1.12% | -8.41 | 9.53% |
| Net Interest Margin (%) | ▼ | 2.67% | -1.19 | 3.86% |
| Efficiency Ratio (%) | ▼ | 92.25% | +15.47 | 76.78% |
| Pre-Provision Profit ($M) | ▼ | $0 | -1.02 | $1 |
| Cost of Funds (%) | ▼ | 2.15% | +1.39 | 0.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $642 | -3.19 | $645 |
| Gross Loans ($M) | ▲ | $535 | +22.57 | $512 |
| Loan Growth YoY (%) | ▲ | 91.76% | +5.27 | 86.49% |
| Total Deposits ($M) | ▼ | $576 | -9.47 | $585 |
| Shareholders Equity ($M) | ▲ | $57 | +5.00 | $52 |
| Tang. Book Value ($M) | ▲ | $57 | +5.00 | $52 |
| TBV excl. AOCI ($M)** | ▲ | $60 | +4.13 | $56 |
| Loan / Deposit Ratio (%) | ▲ | 91.76% | +5.27 | 86.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.04 | 0.04% |
| Allowance / Loans (%) | — | 1.22% | 0.03% | 1.19% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.05 | 0.05% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -12.95 | 12.95% |
Noninterest income ($1.40M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▇▇████▁ | Net Interest Margin (%) | 3.72% | 3.71% | 3.75% | 3.86% | 3.86% | 3.94% | 4.00% | 2.67% |
| ▆▇▇█▇█▇▁ | Return on Assets (%) | 0.63% | 0.66% | 0.67% | 0.75% | 0.71% | 0.82% | 0.69% | 0.10% |
| ▂▂▁▂▁▁▁█ | Efficiency Ratio (%) | 76.2% | 76.5% | 75.6% | 76.8% | 75.3% | 73.6% | 73.7% | 92.3% |
| ▁▁▁▁▁▁▁█ | Cost of Funds (%) | 0.75% | 0.84% | 0.87% | 0.76% | 0.82% | 0.82% | 0.78% | 2.15% |
| ▁█▂▂▃▁▁▁ | NPA / Assets (%) | 0.01% | 0.21% | 0.05% | 0.04% | 0.08% | 0.00% | 0.00% | 0.00% |
| ▁█▂▂▃▁▁▁ | Net Charge-Off Ratio (%) | 0.01% | 0.27% | 0.06% | 0.05% | 0.09% | 0.00% | 0.00% | 0.00% |
| ▁▃▃▅▆███ | Tang. Book Value ($M) | $46 | $49 | $49 | $52 | $53 | $56 | $57 | $57 |
| ▁▃▂▄█▇▅█ | Gross Loans ($M) | $494 | $505 | $502 | $512 | $533 | $529 | $517 | $535 |
| ▆▄▁▆█▃▁▁ | Total Deposits ($M) | $585 | $582 | $575 | $585 | $590 | $580 | $576 | $576 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 88% |
| Brokered / Other | 5% |