Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.69% | +0.14 | 0.55% |
| Return on Equity (%) | ▼ | 4.75% | -1.84 | 6.59% |
| Net Interest Margin (%) | ▼ | 4.17% | -0.27 | 4.44% |
| Efficiency Ratio (%) | ▲ | 77.85% | -3.57 | 81.43% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.09 | $0 |
| Cost of Funds (%) | ▼ | 0.59% | +0.26 | 0.32% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $115 | +43.86 | $71 |
| Gross Loans ($M) | ▲ | $56 | +11.44 | $45 |
| Loan Growth YoY (%) | ▼ | 55.67% | -14.57 | 70.24% |
| Total Deposits ($M) | ▲ | $100 | +36.90 | $63 |
| Shareholders Equity ($M) | ▲ | $14 | +8.35 | $6 |
| Tang. Book Value ($M) | ▲ | $14 | +8.36 | $6 |
| TBV excl. AOCI ($M)** | ▲ | $15 | +8.32 | $7 |
| Loan / Deposit Ratio (%) | ▼ | 55.67% | -14.57 | 70.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.37% | -0.46 | 0.83% |
| Allowance / Loans (%) | — | 1.18% | -0.25% | 1.43% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.36 | 0.36% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.21M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▃▅▇▇██▁ | Net Interest Margin (%) | 4.24% | 4.29% | 4.35% | 4.44% | 4.44% | 4.47% | 4.51% | 4.17% |
| ▁▃▁▁▂▇█▄ | Return on Assets (%) | 0.58% | 0.66% | 0.58% | 0.55% | 0.61% | 0.83% | 0.88% | 0.69% |
| █▇█▆▄▂▁▃ | Efficiency Ratio (%) | 85.4% | 83.2% | 84.0% | 81.4% | 78.8% | 75.5% | 73.9% | 77.9% |
| ▄▁▂▁▄▂▁█ | Cost of Funds (%) | 0.42% | 0.30% | 0.33% | 0.32% | 0.40% | 0.33% | 0.29% | 0.59% |
| ▅▃█▃▂▂▁▁ | NPA / Assets (%) | 1.15% | 0.80% | 1.63% | 0.83% | 0.59% | 0.56% | 0.52% | 0.37% |
| █▆█▂▁▁▁▁ | Net Charge-Off Ratio (%) | 1.82% | 1.30% | 1.66% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁▁▁▂██ | Tang. Book Value ($M) | $5 | $6 | $6 | $6 | $6 | $7 | $14 | $14 |
| ▂▂▁▂▂▃▆█ | Gross Loans ($M) | $45 | $45 | $43 | $45 | $46 | $47 | $53 | $56 |
| ▁▂▁▁▁▂▁█ | Total Deposits ($M) | $64 | $67 | $64 | $63 | $64 | $69 | $64 | $100 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 65% |
| C&I / Commercial | 28% |
| Consumer | 5% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 36% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 8% |