Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.59% | +0.53 | 0.06% |
| Return on Equity (%) | ▲ | 4.87% | +4.41 | 0.46% |
| Net Interest Margin (%) | ▲ | 3.33% | +0.10 | 3.23% |
| Efficiency Ratio (%) | ▲ | 79.60% | -18.76 | 98.36% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.45 | $0 |
| Cost of Funds (%) | ▼ | 2.50% | +0.17 | 2.34% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $230 | +39.32 | $191 |
| Gross Loans ($M) | ▲ | $177 | +31.75 | $145 |
| Loan Growth YoY (%) | ▲ | 93.25% | +2.22 | 91.03% |
| Total Deposits ($M) | ▲ | $187 | +29.86 | $157 |
| Shareholders Equity ($M) | ▲ | $28 | +5.21 | $23 |
| Tang. Book Value ($M) | ▲ | $28 | +5.22 | $22 |
| Loan / Deposit Ratio (%) | ▲ | 93.25% | +2.22 | 91.03% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.61 | 0.87% |
| Allowance / Loans (%) | — | 1.31% | -0.01% | 1.32% |
| Net Charge-Off Ratio (%) | ▲ | 0.34% | -0.81 | 1.15% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.60M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▂▂█▂ | Net Interest Margin (%) | 3.26% | 3.25% | 3.27% | 3.23% | 3.30% | 3.34% | 3.75% | 3.33% |
| ▁▁▁▃▃█▇▄ | Return on Assets (%) | -0.70% | -0.75% | -0.70% | 0.06% | 0.21% | 2.36% | 1.92% | 0.59% |
| ███▄▃▂▁▁ | Efficiency Ratio (%) | 121.2% | 120.6% | 119.2% | 98.4% | 93.8% | 88.5% | 81.3% | 79.6% |
| ██▁▁▅▆▃▆ | Cost of Funds (%) | 2.58% | 2.56% | 2.35% | 2.34% | 2.48% | 2.50% | 2.43% | 2.50% |
| █▇▇▄▄▃▁▁ | NPA / Assets (%) | 1.69% | 1.48% | 1.40% | 0.87% | 0.83% | 0.77% | 0.32% | 0.26% |
| ██▇▄▄▃▁▁ | Net Charge-Off Ratio (%) | 2.20% | 2.03% | 1.89% | 1.15% | 1.10% | 1.03% | 0.44% | 0.34% |
| ▁▁▁▁▂▇██ | Tang. Book Value ($M) | $23 | $23 | $22 | $22 | $24 | $27 | $27 | $28 |
| ▁▁▂▄▅▆▇█ | Gross Loans ($M) | $118 | $124 | $130 | $145 | $151 | $156 | $163 | $177 |
| ▁▂▃▅▆▇██ | Total Deposits ($M) | $122 | $135 | $140 | $157 | $165 | $173 | $183 | $187 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 22% |
| Interest-Bearing (core) | 64% |
| Brokered / Other | 14% |