Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -1.09% | +1.27 | -2.36% |
| Return on Equity (%) | ▲ | -5.61% | +7.87 | -13.48% |
| Net Interest Margin (%) | ▼ | 6.20% | -0.25 | 6.45% |
| Efficiency Ratio (%) | ▲ | 91.13% | -8.59 | 99.73% |
| Pre-Provision Profit ($M) | ▲ | $1 | +1.35 | $-0 |
| Cost of Funds (%) | ▲ | 2.91% | -0.53 | 3.44% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $391 | +32.77 | $358 |
| Gross Loans ($M) | ▼ | $306 | -9.55 | $315 |
| Loan Growth YoY (%) | ▼ | 99.73% | -10.11 | 109.85% |
| Total Deposits ($M) | ▲ | $295 | +18.75 | $277 |
| Shareholders Equity ($M) | ▲ | $75 | +11.94 | $63 |
| Tang. Book Value ($M) | ▲ | $71 | +10.95 | $60 |
| Loan / Deposit Ratio (%) | ▼ | 99.73% | -10.11 | 109.85% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.89% | +0.05 | 0.83% |
| Allowance / Loans (%) | — | 3.56% | 0.02% | 3.54% |
| Net Charge-Off Ratio (%) | ▼ | 1.13% | +0.19 | 0.95% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 20.92% | +3.15 | 17.76% |
Noninterest income ($11.55M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▄▄▁▁▁▂ | Net Interest Margin (%) | 6.90% | 6.79% | 6.46% | 6.45% | 6.06% | 6.09% | 6.04% | 6.20% |
| ███▁▄▆▅▅ | Return on Assets (%) | -0.15% | -0.02% | 0.11% | -2.36% | -1.16% | -0.75% | -0.84% | -1.09% |
| ▁▁▁█▅▄▄▄ | Efficiency Ratio (%) | 84.6% | 84.6% | 84.8% | 99.7% | 93.3% | 90.3% | 91.3% | 91.1% |
| ▁▇█▆▃▃▂▁ | Cost of Funds (%) | 2.79% | 3.51% | 3.74% | 3.44% | 3.06% | 3.07% | 2.92% | 2.91% |
| ▁▆█▆▄▄▆█ | NPA / Assets (%) | 0.69% | 0.82% | 0.87% | 0.83% | 0.78% | 0.78% | 0.83% | 0.89% |
| ▁▄▅▄▄▄▆█ | Net Charge-Off Ratio (%) | 0.80% | 0.93% | 1.00% | 0.95% | 0.95% | 0.96% | 1.04% | 1.13% |
| ▂▂▂▁███▇ | Tang. Book Value ($M) | $62 | $62 | $63 | $60 | $74 | $74 | $73 | $71 |
| ▂▁█▄▃▂▄▁ | Gross Loans ($M) | $307 | $304 | $330 | $315 | $313 | $309 | $316 | $306 |
| ▃▁▇▃▅▅█▇ | Total Deposits ($M) | $276 | $264 | $296 | $277 | $286 | $286 | $303 | $295 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| C&I / Commercial | 39% |
| Consumer | 61% |
| Deposit Mix | % |
|---|---|
| Interest-Bearing (core) | 16% |
| Brokered / Other | 84% |