Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.45% | +1.20 | -0.75% |
| Return on Equity (%) | ▲ | 5.11% | +13.80 | -8.69% |
| Net Interest Margin (%) | ▲ | 3.02% | +0.49 | 2.53% |
| Efficiency Ratio (%) | ▲ | 104.47% | -21.40 | 125.87% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.47 | $-1 |
| Cost of Funds (%) | ▲ | 1.79% | -0.19 | 1.99% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $327 | +9.48 | $317 |
| Gross Loans ($M) | ▲ | $287 | +8.64 | $279 |
| Loan Growth YoY (%) | ▼ | 96.27% | -1.67 | 97.94% |
| Total Deposits ($M) | ▲ | $296 | +14.45 | $282 |
| Shareholders Equity ($M) | ▲ | $29 | +1.43 | $28 |
| Tang. Book Value ($M) | ▲ | $29 | +1.43 | $28 |
| TBV excl. AOCI ($M)** | ▲ | $30 | +1.35 | $29 |
| Loan / Deposit Ratio (%) | ▼ | 96.27% | -1.67 | 97.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.09% | -0.13 | 0.22% |
| Allowance / Loans (%) | — | 0.73% | -0.22% | 0.96% |
| Net Charge-Off Ratio (%) | ▲ | 0.10% | -0.15 | 0.25% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.57M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▃▅▆▇█ | Net Interest Margin (%) | 2.27% | 2.30% | 2.38% | 2.53% | 2.72% | 2.80% | 2.89% | 3.02% |
| ▁▂▂▁▃▄▅█ | Return on Assets (%) | -0.72% | -0.59% | -0.53% | -0.75% | -0.45% | -0.29% | -0.14% | 0.45% |
| █▆▅▇▃▂▁▁ | Efficiency Ratio (%) | 131.2% | 123.5% | 120.1% | 125.9% | 114.2% | 109.0% | 104.2% | 104.5% |
| ██▆▅▁▂▁▁ | Cost of Funds (%) | 2.17% | 2.14% | 2.06% | 1.99% | 1.78% | 1.82% | 1.76% | 1.79% |
| ▁▂▄▆▄█▁▂ | NPA / Assets (%) | 0.05% | 0.10% | 0.14% | 0.22% | 0.16% | 0.29% | 0.08% | 0.09% |
| ▁▂▄▆▃█▁▂ | Net Charge-Off Ratio (%) | 0.06% | 0.11% | 0.16% | 0.25% | 0.14% | 0.33% | 0.09% | 0.10% |
| ▄█▁▁▂▅▇█ | Tang. Book Value ($M) | $28 | $29 | $28 | $28 | $28 | $28 | $29 | $29 |
| ██▁▁▄▇▇▅ | Gross Loans ($M) | $293 | $291 | $278 | $279 | $284 | $289 | $290 | $287 |
| █▆▃▁▄▂▂▅ | Total Deposits ($M) | $307 | $298 | $290 | $282 | $291 | $287 | $287 | $296 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 11% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 10% |