Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.03% | +0.05 | -0.02% |
| Return on Equity (%) | ▲ | 0.20% | +0.38 | -0.18% |
| Net Interest Margin (%) | ▲ | 2.65% | +0.46 | 2.19% |
| Efficiency Ratio (%) | ▲ | 97.09% | -12.41 | 109.50% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.30 | $-0 |
| Cost of Funds (%) | ▲ | 1.61% | -0.06 | 1.67% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $384 | +10.64 | $373 |
| Gross Loans ($M) | ▲ | $249 | +22.32 | $227 |
| Loan Growth YoY (%) | ▲ | 81.09% | +7.48 | 73.61% |
| Total Deposits ($M) | ▼ | $304 | -0.57 | $305 |
| Shareholders Equity ($M) | ▲ | $53 | +3.67 | $50 |
| Tang. Book Value ($M) | ▲ | $53 | +3.80 | $49 |
| TBV excl. AOCI ($M)** | ▲ | $57 | +3.06 | $54 |
| Loan / Deposit Ratio (%) | ▲ | 81.09% | +7.48 | 73.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.21% | -0.08 | 0.29% |
| Allowance / Loans (%) | — | 1.07% | -0.11% | 1.18% |
| Net Charge-Off Ratio (%) | ▲ | 0.33% | -0.08 | 0.41% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.58M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▄▅█ | Net Interest Margin (%) | 1.98% | 1.98% | 2.03% | 2.19% | 2.25% | 2.29% | 2.37% | 2.65% |
| ▁▁▁▄▅▇█▅ | Return on Assets (%) | -0.12% | -0.10% | -0.10% | -0.02% | 0.03% | 0.09% | 0.13% | 0.03% |
| ████▆▃▂▁ | Efficiency Ratio (%) | 109.6% | 109.8% | 109.3% | 109.5% | 105.1% | 101.1% | 98.8% | 97.1% |
| ▅██▄▃▄▂▁ | Cost of Funds (%) | 1.70% | 1.76% | 1.77% | 1.67% | 1.67% | 1.67% | 1.64% | 1.61% |
| ▃▃▄█▃▂▁▂ | NPA / Assets (%) | 0.22% | 0.22% | 0.23% | 0.29% | 0.22% | 0.21% | 0.19% | 0.21% |
| ▅▇██▄▃▁▃ | Net Charge-Off Ratio (%) | 0.36% | 0.38% | 0.40% | 0.41% | 0.35% | 0.33% | 0.30% | 0.33% |
| ▁▅▁▂▃▆██ | Tang. Book Value ($M) | $48 | $51 | $48 | $49 | $50 | $52 | $53 | $53 |
| ▂▁▁▃▅▇██ | Gross Loans ($M) | $224 | $218 | $218 | $227 | $234 | $244 | $250 | $249 |
| ▁▁▅▅▅▆█▄ | Total Deposits ($M) | $300 | $299 | $304 | $305 | $305 | $306 | $309 | $304 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| Other | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 7% |
| Interest-Bearing (core) | 86% |
| Brokered / Other | 6% |