Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.10% | +0.21 | -0.10% |
| Return on Equity (%) | ▲ | 1.57% | +3.21 | -1.64% |
| Net Interest Margin (%) | ▲ | 2.25% | +0.38 | 1.88% |
| Efficiency Ratio (%) | ▲ | 91.10% | -16.24 | 107.34% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.17 | $-0 |
| Cost of Funds (%) | ▲ | 1.71% | -0.18 | 1.89% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $181 | +4.08 | $177 |
| Gross Loans ($M) | ▲ | $119 | +7.32 | $112 |
| Loan Growth YoY (%) | ▲ | 70.56% | +0.80 | 69.76% |
| Total Deposits ($M) | ▲ | $168 | +8.43 | $160 |
| Shareholders Equity ($M) | ▲ | $12 | +0.51 | $11 |
| Tang. Book Value ($M) | ▲ | $12 | +0.51 | $11 |
| TBV excl. AOCI ($M)** | ▲ | $14 | +0.46 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 70.56% | +0.80 | 69.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.46% | +0.10 | 0.37% |
| Allowance / Loans (%) | — | 0.24% | 0.08% | 0.16% |
| Net Charge-Off Ratio (%) | ▼ | 0.71% | +0.13 | 0.58% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▄▅▅█ | Net Interest Margin (%) | 1.75% | 1.72% | 1.72% | 1.88% | 1.93% | 1.99% | 2.03% | 2.25% |
| ▁▁▂▄▄▅▂█ | Return on Assets (%) | -0.25% | -0.22% | -0.19% | -0.10% | -0.11% | -0.06% | -0.21% | 0.10% |
| ███▇▆▅▇▁ | Efficiency Ratio (%) | 112.1% | 112.4% | 112.4% | 107.3% | 105.7% | 103.0% | 107.3% | 91.1% |
| ▆██▅▄▄▅▁ | Cost of Funds (%) | 1.95% | 2.06% | 2.04% | 1.89% | 1.88% | 1.86% | 1.89% | 1.71% |
| ▄▁▃▂▁▇█▄ | NPA / Assets (%) | 0.47% | 0.32% | 0.43% | 0.37% | 0.33% | 0.61% | 0.70% | 0.46% |
| ▄▁▃▂▁▇█▃ | Net Charge-Off Ratio (%) | 0.76% | 0.51% | 0.67% | 0.58% | 0.51% | 0.95% | 1.06% | 0.71% |
| ▁▇▁▄▂▇█▇ | Tang. Book Value ($M) | $11 | $12 | $11 | $11 | $11 | $12 | $12 | $12 |
| ▁▁▂▃▄▆██ | Gross Loans ($M) | $109 | $110 | $111 | $112 | $113 | $115 | $118 | $119 |
| ▁▂▁▃▄▅▆█ | Total Deposits ($M) | $158 | $159 | $157 | $160 | $162 | $163 | $164 | $168 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| Consumer | 2% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 89% |
| Brokered / Other | 9% |