Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.07% | -0.11 | 0.04% |
| Return on Equity (%) | ▼ | -0.59% | -0.98 | 0.39% |
| Net Interest Margin (%) | ▼ | 3.71% | -0.08 | 3.78% |
| Efficiency Ratio (%) | ▼ | 119.11% | +21.61 | 97.49% |
| Pre-Provision Profit ($M) | ▼ | $-2 | -1.87 | $0 |
| Cost of Funds (%) | ▲ | 1.88% | -0.17 | 2.06% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $774 | -86.94 | $861 |
| Gross Loans ($M) | ▼ | $475 | -83.40 | $558 |
| Loan Growth YoY (%) | ▼ | 69.02% | -3.21 | 72.22% |
| Total Deposits ($M) | ▼ | $679 | -82.84 | $762 |
| Shareholders Equity ($M) | ▼ | $89 | -3.58 | $92 |
| Tang. Book Value ($M) | ▼ | $89 | -2.61 | $91 |
| TBV excl. AOCI ($M)** | ▼ | $97 | -2.64 | $99 |
| Loan / Deposit Ratio (%) | ▼ | 69.02% | -3.21 | 72.22% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.96% | +0.04 | 0.92% |
| Allowance / Loans (%) | — | 1.27% | -0.13% | 1.40% |
| Net Charge-Off Ratio (%) | ▼ | 1.56% | +0.16 | 1.40% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -14.37 | 14.37% |
Noninterest income ($1.85M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ███▁▂▃▃▁ | Net Interest Margin (%) | 4.50% | 4.58% | 4.51% | 3.78% | 3.89% | 4.03% | 3.97% | 3.71% |
| ██▆▄▂▁▁▃ | Return on Assets (%) | 0.58% | 0.51% | 0.32% | 0.04% | -0.17% | -0.31% | -0.33% | -0.07% |
| ▁▁▂▄▅▆▆█ | Efficiency Ratio (%) | 79.6% | 82.9% | 87.3% | 97.5% | 101.3% | 104.7% | 107.9% | 119.1% |
| ▆█▄▅▄█▁▁ | Cost of Funds (%) | 2.08% | 2.18% | 2.02% | 2.06% | 2.02% | 2.16% | 1.90% | 1.88% |
| ██▆▃▁▅▄▄ | NPA / Assets (%) | 1.53% | 1.43% | 1.25% | 0.92% | 0.55% | 1.09% | 0.97% | 0.96% |
| █▇▇▄▁▆▅▅ | Net Charge-Off Ratio (%) | 2.16% | 1.88% | 1.88% | 1.40% | 0.82% | 1.69% | 1.54% | 1.56% |
| ▄█▆▇▇▆▄▁ | Tang. Book Value ($M) | $90 | $92 | $91 | $91 | $91 | $91 | $90 | $89 |
| ██▇▆▆▂▂▁ | Gross Loans ($M) | $590 | $598 | $574 | $558 | $552 | $504 | $491 | $475 |
| ▇▄██▃▂▁▂ | Total Deposits ($M) | $753 | $713 | $770 | $762 | $699 | $681 | $658 | $679 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 34% |
| C&I / Commercial | 46% |
| Consumer | 9% |
| Other | 11% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 38% |
| Interest-Bearing (core) | 37% |
| Brokered / Other | 25% |