Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.19% | +0.22 | -0.41% |
| Return on Equity (%) | ▲ | -4.08% | +7.08 | -11.16% |
| Net Interest Margin (%) | ▲ | 2.82% | +0.30 | 2.52% |
| Efficiency Ratio (%) | ▲ | 105.98% | -9.30 | 115.28% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.07 | $-0 |
| Cost of Funds (%) | ▲ | 1.76% | -0.19 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $116 | -3.25 | $119 |
| Gross Loans ($M) | ▲ | $66 | +0.46 | $65 |
| Loan Growth YoY (%) | ▲ | 60.42% | +0.80 | 59.62% |
| Total Deposits ($M) | ▼ | $108 | -0.81 | $109 |
| Shareholders Equity ($M) | ▲ | $5 | +0.62 | $5 |
| Tang. Book Value ($M) | ▲ | $5 | +0.62 | $5 |
| TBV excl. AOCI ($M)** | ▲ | $7 | +0.40 | $7 |
| Loan / Deposit Ratio (%) | ▲ | 60.42% | +0.80 | 59.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.79% | -0.05 | 0.84% |
| Allowance / Loans (%) | — | 0.52% | 0.11% | 0.41% |
| Net Charge-Off Ratio (%) | ▲ | 1.39% | -0.13 | 1.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.15% | -1.97 | 13.12% |
Noninterest income ($0.14M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆▇███ | Net Interest Margin (%) | 2.07% | 2.07% | 2.02% | 2.52% | 2.65% | 2.78% | 2.79% | 2.82% |
| ▆▇▁█████ | Return on Assets (%) | -1.08% | -0.82% | -2.77% | -0.41% | -0.29% | -0.26% | -0.26% | -0.19% |
| ▃▂█▁▁▁▁▁ | Efficiency Ratio (%) | 133.1% | 127.9% | 217.6% | 115.3% | 109.8% | 104.3% | 104.1% | 106.0% |
| ▇█▆▃▁▁▃▁ | Cost of Funds (%) | 2.29% | 2.40% | 2.21% | 1.94% | 1.80% | 1.72% | 1.90% | 1.76% |
| █▁▁▁▂▂▁▁ | NPA / Assets (%) | 1.27% | 0.82% | 0.83% | 0.84% | 0.85% | 0.85% | 0.78% | 0.79% |
| █▂▂▂▁▁▁▁ | Net Charge-Off Ratio (%) | 2.51% | 1.62% | 1.52% | 1.53% | 1.48% | 1.40% | 1.33% | 1.39% |
| ▇█▁▁▂▃▃▃ | Tang. Book Value ($M) | $7 | $8 | $4 | $5 | $5 | $5 | $6 | $5 |
| ▁▁▃▂▅█▆▃ | Gross Loans ($M) | $64 | $64 | $66 | $65 | $68 | $71 | $69 | $66 |
| ▃█▆▆▁▁█▅ | Total Deposits ($M) | $108 | $110 | $109 | $109 | $106 | $106 | $110 | $108 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 8% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 75% |
| Brokered / Other | 15% |