Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.48% | +0.33 | 0.15% |
| Return on Equity (%) | ▲ | 5.72% | +4.02 | 1.70% |
| Net Interest Margin (%) | ▼ | 2.71% | -0.21 | 2.91% |
| Efficiency Ratio (%) | ▲ | 81.40% | -10.55 | 91.94% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.15 | $0 |
| Cost of Funds (%) | ▼ | 2.18% | +0.42 | 1.76% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $171 | +23.86 | $147 |
| Gross Loans ($M) | ▲ | $85 | +3.57 | $82 |
| Loan Growth YoY (%) | ▼ | 54.24% | -8.83 | 63.07% |
| Total Deposits ($M) | ▲ | $156 | +27.56 | $128 |
| Shareholders Equity ($M) | ▲ | $14 | +1.28 | $13 |
| Tang. Book Value ($M) | ▲ | $14 | +1.29 | $13 |
| TBV excl. AOCI ($M)** | ▲ | $18 | +2.29 | $15 |
| Loan / Deposit Ratio (%) | ▼ | 54.24% | -8.83 | 63.07% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.46% | +0.05 | 0.41% |
| Allowance / Loans (%) | — | 0.61% | -0.09% | 0.70% |
| Net Charge-Off Ratio (%) | ▼ | 0.88% | +0.14 | 0.74% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.50% | -3.01 | 23.51% |
Noninterest income ($0.19M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁█▇▅▆▅ | Net Interest Margin (%) | 2.46% | 2.41% | 2.43% | 2.91% | 2.81% | 2.71% | 2.78% | 2.71% |
| ▁▁▃▃▄▅▅█ | Return on Assets (%) | -0.04% | -0.01% | 0.09% | 0.15% | 0.15% | 0.26% | 0.28% | 0.48% |
| ██▆▄▄▂▁▁ | Efficiency Ratio (%) | 103.0% | 101.7% | 96.5% | 91.9% | 89.6% | 86.3% | 81.9% | 81.4% |
| ▅██▁▂▆▇▇ | Cost of Funds (%) | 2.06% | 2.30% | 2.25% | 1.76% | 1.85% | 2.11% | 2.20% | 2.18% |
| ▁▅▆▅▇▅█▆ | NPA / Assets (%) | 0.15% | 0.43% | 0.50% | 0.41% | 0.52% | 0.44% | 0.63% | 0.46% |
| ▁▄▅▅▇▅█▆ | Net Charge-Off Ratio (%) | 0.26% | 0.72% | 0.84% | 0.74% | 0.96% | 0.81% | 1.19% | 0.88% |
| ▁▅▂▃▁▆█▇ | Tang. Book Value ($M) | $12 | $13 | $12 | $13 | $12 | $14 | $15 | $14 |
| ▅▄▃▂▁█▇▅ | Gross Loans ($M) | $86 | $84 | $83 | $82 | $80 | $89 | $88 | $85 |
| ▂▁▁▂▄▇▇█ | Total Deposits ($M) | $125 | $120 | $122 | $128 | $136 | $151 | $148 | $156 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 59% |
| C&I / Commercial | 1% |
| Consumer | 40% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 30% |