Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.69% | +0.93 | -1.61% |
| Return on Equity (%) | ▲ | -9.59% | +12.62 | -22.21% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.63 | 2.81% |
| Efficiency Ratio (%) | ▲ | 115.28% | -29.60 | 144.88% |
| Pre-Provision Profit ($M) | ▲ | $-1 | +1.53 | $-3 |
| Cost of Funds (%) | ▲ | 1.65% | -0.22 | 1.87% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $676 | -58.31 | $735 |
| Gross Loans ($M) | ▼ | $562 | -51.23 | $614 |
| Loan Growth YoY (%) | ▲ | 94.35% | +3.50 | 90.85% |
| Total Deposits ($M) | ▼ | $590 | -78.52 | $669 |
| Shareholders Equity ($M) | ▼ | $49 | -3.78 | $52 |
| Tang. Book Value ($M) | ▼ | $49 | -3.65 | $52 |
| TBV excl. AOCI ($M)** | ▼ | $51 | -3.78 | $54 |
| Loan / Deposit Ratio (%) | ▲ | 94.35% | +3.50 | 90.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 2.99% | -0.43 | 3.43% |
| Allowance / Loans (%) | — | 1.03% | -0.00% | 1.03% |
| Net Charge-Off Ratio (%) | ▲ | 3.59% | -0.51 | 4.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.50% | -0.01 | 10.50% |
Noninterest income ($1.29M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▄▁▅▆▇█ | Net Interest Margin (%) | 3.39% | 3.44% | 3.08% | 2.81% | 3.16% | 3.22% | 3.31% | 3.44% |
| ██▅▁▄▄▅▆ | Return on Assets (%) | -0.23% | -0.38% | -0.83% | -1.61% | -1.01% | -1.02% | -0.92% | -0.69% |
| ▁▁▄█▅▅▄▃ | Efficiency Ratio (%) | 104.2% | 106.6% | 120.9% | 144.9% | 125.9% | 126.6% | 123.1% | 115.3% |
| ▅▆█▆▅▄▃▁ | Cost of Funds (%) | 1.81% | 1.87% | 1.96% | 1.87% | 1.83% | 1.79% | 1.73% | 1.65% |
| ▁▁▂▃▄▅█▁ | NPA / Assets (%) | 2.88% | 2.84% | 3.13% | 3.43% | 3.58% | 3.97% | 4.67% | 2.99% |
| ▁▁▂▃▄▅█▁ | Net Charge-Off Ratio (%) | 3.43% | 3.44% | 3.74% | 4.10% | 4.24% | 4.70% | 5.57% | 3.59% |
| ▇█▄▃▃▂▁▁ | Tang. Book Value ($M) | $58 | $60 | $54 | $52 | $52 | $51 | $50 | $49 |
| ██▇▇▆▄▃▁ | Gross Loans ($M) | $627 | $619 | $611 | $614 | $605 | $593 | $582 | $562 |
| ▆▇▆█▇▅▁▁ | Total Deposits ($M) | $647 | $658 | $645 | $669 | $653 | $632 | $585 | $590 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 7% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 60% |
| Brokered / Other | 23% |