Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.34% | +0.28 | 0.06% |
| Return on Equity (%) | ▲ | 3.19% | +2.62 | 0.57% |
| Net Interest Margin (%) | ▲ | 2.98% | +0.49 | 2.49% |
| Efficiency Ratio (%) | ▲ | 80.86% | -16.29 | 97.15% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.58 | $0 |
| Cost of Funds (%) | ▲ | 1.71% | -0.12 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $426 | -13.61 | $439 |
| Gross Loans ($M) | ▲ | $295 | +11.12 | $284 |
| Loan Growth YoY (%) | ▲ | 88.42% | +7.13 | 81.29% |
| Total Deposits ($M) | ▼ | $329 | -15.93 | $345 |
| Shareholders Equity ($M) | ▲ | $45 | +2.17 | $43 |
| Tang. Book Value ($M) | ▲ | $44 | +2.43 | $42 |
| TBV excl. AOCI ($M)** | ▲ | $48 | +2.53 | $45 |
| Loan / Deposit Ratio (%) | ▲ | 88.42% | +7.13 | 81.29% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.94% | -0.33 | 1.27% |
| Allowance / Loans (%) | — | 1.25% | 0.16% | 1.09% |
| Net Charge-Off Ratio (%) | ▲ | 1.35% | -0.61 | 1.96% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▂▁▃▄▅█ | Net Interest Margin (%) | 2.60% | 2.60% | 2.58% | 2.49% | 2.65% | 2.73% | 2.77% | 2.98% |
| ▁▁▁▂▄▅▅█ | Return on Assets (%) | 0.02% | 0.03% | 0.00% | 0.06% | 0.16% | 0.19% | 0.21% | 0.34% |
| ███▇▅▄▄▁ | Efficiency Ratio (%) | 100.4% | 99.5% | 100.2% | 97.2% | 91.4% | 89.5% | 88.6% | 80.9% |
| ▄█▇▅▆▇▃▁ | Cost of Funds (%) | 1.82% | 1.93% | 1.90% | 1.83% | 1.86% | 1.89% | 1.79% | 1.71% |
| ▂▂▂█▅▁▆▄ | NPA / Assets (%) | 0.83% | 0.83% | 0.77% | 1.27% | 1.04% | 0.69% | 1.07% | 0.94% |
| ▁▁▁█▅▁▅▃ | Net Charge-Off Ratio (%) | 1.11% | 1.11% | 1.09% | 1.96% | 1.54% | 1.01% | 1.58% | 1.35% |
| ▁▃▂▄▅▇██ | Tang. Book Value ($M) | $40 | $41 | $41 | $42 | $42 | $43 | $44 | $44 |
| ██▅▁▂▁▂▇ | Gross Loans ($M) | $298 | $297 | $293 | $284 | $287 | $286 | $287 | $295 |
| ▂▁▄█▆▄▅▆ | Total Deposits ($M) | $310 | $302 | $321 | $345 | $332 | $323 | $327 | $329 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 98% |
| C&I / Commercial | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 8% |
| Interest-Bearing (core) | 85% |
| Brokered / Other | 6% |