Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.10% | -0.18 | 0.28% |
| Return on Equity (%) | ▼ | 1.12% | -2.23 | 3.35% |
| Net Interest Margin (%) | ▲ | 3.45% | +0.11 | 3.34% |
| Efficiency Ratio (%) | ▼ | 91.70% | +6.35 | 85.35% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.13 | $0 |
| Cost of Funds (%) | ▲ | 1.79% | -0.09 | 1.88% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $316 | +35.65 | $280 |
| Gross Loans ($M) | ▲ | $235 | +29.13 | $206 |
| Loan Growth YoY (%) | ▲ | 93.07% | +0.13 | 92.94% |
| Total Deposits ($M) | ▲ | $251 | +30.82 | $220 |
| Shareholders Equity ($M) | ▲ | $28 | +4.36 | $23 |
| Tang. Book Value ($M) | ▲ | $27 | +4.52 | $22 |
| TBV excl. AOCI ($M)** | ▲ | $29 | +4.57 | $24 |
| Loan / Deposit Ratio (%) | ▲ | 93.07% | +0.13 | 92.94% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.85% | +0.53 | 0.32% |
| Allowance / Loans (%) | — | 0.85% | -0.04% | 0.89% |
| Net Charge-Off Ratio (%) | ▼ | 1.08% | +0.87 | 0.22% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.51M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▃▄▅▅▃▄█ | Net Interest Margin (%) | 3.20% | 3.28% | 3.32% | 3.34% | 3.35% | 3.30% | 3.31% | 3.45% |
| ▆█▇▆▁▃▃▁ | Return on Assets (%) | 0.30% | 0.39% | 0.34% | 0.28% | 0.06% | 0.15% | 0.18% | 0.10% |
| ▅▂▁▁▁▁▂█ | Efficiency Ratio (%) | 88.2% | 85.9% | 84.7% | 85.4% | 84.9% | 85.2% | 85.7% | 91.7% |
| █▆▃▃▂▆▅▁ | Cost of Funds (%) | 2.05% | 1.98% | 1.85% | 1.88% | 1.83% | 1.97% | 1.93% | 1.79% |
| ▃▃▁▁▁▁▄█ | NPA / Assets (%) | 0.48% | 0.48% | 0.31% | 0.32% | 0.30% | 0.34% | 0.56% | 0.85% |
| ▁▁▁▁▁▂▅█ | Net Charge-Off Ratio (%) | 0.16% | 0.19% | 0.20% | 0.22% | 0.21% | 0.29% | 0.70% | 1.08% |
| ▁▂▂▂▂▃██ | Tang. Book Value ($M) | $21 | $22 | $22 | $22 | $22 | $23 | $27 | $27 |
| ▁▁▁▁▂▄▇█ | Gross Loans ($M) | $207 | $205 | $204 | $206 | $212 | $217 | $228 | $235 |
| ▁▁▂▃▅███ | Total Deposits ($M) | $205 | $205 | $214 | $220 | $233 | $250 | $245 | $251 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 68% |
| Brokered / Other | 15% |