Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -4.08% | -3.44 | -0.64% |
| Return on Equity (%) | ▼ | -46.27% | -39.07 | -7.20% |
| Net Interest Margin (%) | ▲ | 3.56% | +0.21 | 3.35% |
| Efficiency Ratio (%) | ▼ | 184.83% | +70.66 | 114.17% |
| Pre-Provision Profit ($M) | ▼ | $-1 | -0.97 | $-0 |
| Cost of Funds (%) | ▼ | 0.69% | +0.04 | 0.66% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $116 | -4.79 | $121 |
| Gross Loans ($M) | ▲ | $48 | +14.33 | $34 |
| Loan Growth YoY (%) | ▲ | 44.79% | +14.31 | 30.47% |
| Total Deposits ($M) | ▼ | $106 | -3.70 | $110 |
| Shareholders Equity ($M) | ▼ | $10 | -1.22 | $11 |
| Tang. Book Value ($M) | ▼ | $10 | -1.22 | $11 |
| TBV excl. AOCI ($M)** | ▼ | $12 | -1.68 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 44.79% | +14.31 | 30.47% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.47% | +0.01 | 0.46% |
| Allowance / Loans (%) | — | 0.87% | 0.52% | 0.35% |
| Net Charge-Off Ratio (%) | ▲ | 1.14% | -0.50 | 1.65% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 21.68% | -13.25 | 34.93% |
Noninterest income ($0.31M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▂▁▇▇█▅█ | Net Interest Margin (%) | 2.82% | 2.81% | 2.65% | 3.35% | 3.37% | 3.52% | 3.20% | 3.56% |
| █▃▄▇▇▆▅▁ | Return on Assets (%) | 0.23% | -2.51% | -2.08% | -0.64% | -0.74% | -1.04% | -1.44% | -4.08% |
| ▁██▂▂▃▄█ | Efficiency Ratio (%) | 91.8% | 188.5% | 177.5% | 114.2% | 115.8% | 123.2% | 132.2% | 184.8% |
| ▁▂▁▅▆██▆ | Cost of Funds (%) | 0.54% | 0.57% | 0.56% | 0.66% | 0.70% | 0.74% | 0.77% | 0.69% |
| ██▂▁▁▂▁▂ | NPA / Assets (%) | 0.64% | 0.62% | 0.49% | 0.46% | 0.44% | 0.47% | 0.44% | 0.47% |
| ██▅▃▁▂▁▁ | Net Charge-Off Ratio (%) | 3.18% | 3.20% | 2.34% | 1.65% | 1.31% | 1.38% | 1.09% | 1.14% |
| ▃▄▃▄█▇▄▁ | Tang. Book Value ($M) | $10 | $11 | $11 | $11 | $12 | $12 | $11 | $10 |
| ▁▁▁▄▆▆██ | Gross Loans ($M) | $23 | $22 | $25 | $34 | $41 | $40 | $47 | $48 |
| ▁▁▇██▆▃▄ | Total Deposits ($M) | $104 | $103 | $109 | $110 | $109 | $108 | $105 | $106 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 80% |
| Brokered / Other | 5% |