Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.64% | +2.11 | -0.47% |
| Return on Equity (%) | ▲ | 10.91% | +16.47 | -5.56% |
| Net Interest Margin (%) | ▲ | 3.23% | +0.99 | 2.24% |
| Efficiency Ratio (%) | ▲ | 55.63% | -65.34 | 120.97% |
| Pre-Provision Profit ($M) | ▲ | $1 | +1.09 | $-0 |
| Cost of Funds (%) | ▲ | 2.84% | -0.46 | 3.30% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $239 | +42.17 | $197 |
| Gross Loans ($M) | ▲ | $190 | +51.85 | $138 |
| Loan Growth YoY (%) | ▲ | 93.31% | +13.55 | 79.76% |
| Total Deposits ($M) | ▲ | $201 | +29.76 | $172 |
| Shareholders Equity ($M) | ▲ | $36 | +20.23 | $16 |
| Tang. Book Value ($M) | ▲ | $34 | +17.63 | $16 |
| TBV excl. AOCI ($M)** | ▲ | $35 | +18.00 | $17 |
| Loan / Deposit Ratio (%) | ▲ | 93.31% | +13.55 | 79.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.08% | +0.02 | 0.06% |
| Allowance / Loans (%) | — | 1.07% | 0.19% | 0.88% |
| Net Charge-Off Ratio (%) | ▼ | 0.10% | +0.02 | 0.08% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 19.70% | +6.32 | 13.39% |
Noninterest income ($0.28M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆▆▆▆▆▆▁█ | Net Interest Margin (%) | 2.39% | 2.36% | 2.32% | 2.24% | 2.36% | 2.47% | 0.55% | 3.23% |
| ▂▂▁▃▃▃▄█ | Return on Assets (%) | -1.04% | -1.06% | -1.61% | -0.47% | -0.46% | -0.62% | -0.13% | 1.64% |
| ███▆▆▆▁▁ | Efficiency Ratio (%) | 147.7% | 146.3% | 141.9% | 121.0% | 116.4% | 123.0% | 62.2% | 55.6% |
| ██████▁█ | Cost of Funds (%) | 3.44% | 3.71% | 3.18% | 3.30% | 3.54% | 3.30% | -6.21% | 2.84% |
| █▇▅▂▃▃▁▅ | NPA / Assets (%) | 0.11% | 0.10% | 0.08% | 0.06% | 0.06% | 0.06% | 0.04% | 0.08% |
| ██▇▄▃▃▁▆ | Net Charge-Off Ratio (%) | 0.12% | 0.12% | 0.11% | 0.08% | 0.08% | 0.08% | 0.05% | 0.10% |
| ▁▁▁▁▁▁██ | Tang. Book Value ($M) | $18 | $17 | $16 | $16 | $16 | $15 | $33 | $34 |
| ▁▁▂▂▂▂██ | Gross Loans ($M) | $129 | $132 | $139 | $138 | $144 | $144 | $191 | $190 |
| ▁▁▂▅▅▄██ | Total Deposits ($M) | $129 | $136 | $147 | $172 | $170 | $163 | $198 | $201 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 9% |
| Other | 8% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 83% |
| Brokered / Other | 10% |