Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.15% | +0.23 | -0.08% |
| Return on Equity (%) | ▲ | 1.39% | +2.16 | -0.77% |
| Net Interest Margin (%) | ▲ | 2.65% | +0.23 | 2.42% |
| Efficiency Ratio (%) | ▲ | 94.28% | -9.75 | 104.04% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.65 | $-0 |
| Cost of Funds (%) | ▲ | 2.40% | -0.31 | 2.70% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $991 | +0.15 | $991 |
| Gross Loans ($M) | ▲ | $765 | +2.45 | $763 |
| Loan Growth YoY (%) | ▼ | 109.55% | -2.07 | 111.62% |
| Total Deposits ($M) | ▲ | $689 | +18.07 | $671 |
| Shareholders Equity ($M) | ▼ | $105 | -0.86 | $106 |
| Tang. Book Value ($M) | ▼ | $103 | -0.62 | $104 |
| TBV excl. AOCI ($M)** | ▼ | $109 | -0.84 | $110 |
| Loan / Deposit Ratio (%) | ▼ | 109.55% | -2.07 | 111.62% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.55% | +0.06 | 0.49% |
| Allowance / Loans (%) | — | 1.34% | -0.46% | 1.80% |
| Net Charge-Off Ratio (%) | ▲ | 0.52% | -0.05 | 0.57% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.03M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆▅▂▃▄▁█ | Net Interest Margin (%) | 2.63% | 2.58% | 2.52% | 2.42% | 2.44% | 2.48% | 2.36% | 2.65% |
| ▅▄▁▆▇▇▂█ | Return on Assets (%) | -0.24% | -0.29% | -0.69% | -0.08% | -0.01% | 0.03% | -0.53% | 0.15% |
| ▄▄██▅▄▂▁ | Efficiency Ratio (%) | 98.8% | 98.1% | 104.2% | 104.0% | 100.4% | 98.5% | 96.6% | 94.3% |
| ▄▇█▄▄▄█▁ | Cost of Funds (%) | 2.67% | 2.86% | 2.98% | 2.70% | 2.63% | 2.65% | 3.01% | 2.40% |
| ▁▁▄▂▄██▄ | NPA / Assets (%) | 0.45% | 0.44% | 0.53% | 0.49% | 0.55% | 0.66% | 0.67% | 0.55% |
| ▁▁▃▂▅█▇▁ | Net Charge-Off Ratio (%) | 0.51% | 0.51% | 0.61% | 0.57% | 0.66% | 0.80% | 0.75% | 0.52% |
| ▇█▂▄▅█▁▂ | Tang. Book Value ($M) | $105 | $105 | $103 | $104 | $104 | $105 | $103 | $103 |
| ▄██▇▇▄▁█ | Gross Loans ($M) | $758 | $765 | $766 | $763 | $763 | $758 | $750 | $765 |
| ▃█▃▂▃▃▁▅ | Total Deposits ($M) | $675 | $704 | $677 | $671 | $675 | $678 | $665 | $689 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 6% |
| Consumer | 16% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 21% |