Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.30% | +0.92 | 0.38% |
| Return on Equity (%) | ▲ | 10.16% | +6.52 | 3.64% |
| Net Interest Margin (%) | ▲ | 3.95% | +0.79 | 3.16% |
| Efficiency Ratio (%) | ▲ | 78.69% | -13.56 | 92.25% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.74 | $0 |
| Cost of Funds (%) | ▲ | 1.80% | -0.22 | 2.02% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $221 | +35.78 | $185 |
| Gross Loans ($M) | ▲ | $161 | +52.76 | $108 |
| Loan Growth YoY (%) | ▲ | 86.01% | +19.27 | 66.74% |
| Total Deposits ($M) | ▲ | $185 | +25.05 | $160 |
| Shareholders Equity ($M) | ▲ | $28 | +9.63 | $18 |
| Tang. Book Value ($M) | ▲ | $28 | +9.68 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $29 | +9.76 | $19 |
| Loan / Deposit Ratio (%) | ▲ | 86.01% | +19.27 | 66.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.00% | 0.00 | 0.00% |
| Allowance / Loans (%) | — | 1.08% | -0.21% | 1.29% |
| Net Charge-Off Ratio (%) | — | 0.00% | 0.00 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($2.92M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▁▃▅▆█ | Net Interest Margin (%) | 3.15% | 3.09% | 3.14% | 3.16% | 3.38% | 3.54% | 3.67% | 3.95% |
| ▁▁▁▂▃▄▅█ | Return on Assets (%) | 0.17% | 0.23% | 0.28% | 0.38% | 0.49% | 0.67% | 0.82% | 1.30% |
| ██▇▇▆▅▄▁ | Efficiency Ratio (%) | 96.1% | 94.0% | 93.1% | 92.2% | 90.0% | 88.1% | 86.2% | 78.7% |
| ███▄▄▃▁▁ | Cost of Funds (%) | 2.28% | 2.32% | 2.34% | 2.02% | 2.05% | 1.98% | 1.79% | 1.80% |
| ▄▄▄▄▄▄▄▄ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▄▄▄▄▄▄▄▄ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| ▁▁▁▁▇▇██ | Tang. Book Value ($M) | $18 | $18 | $18 | $18 | $26 | $26 | $27 | $28 |
| ▁▁▂▃▅▆██ | Gross Loans ($M) | $85 | $91 | $100 | $108 | $124 | $140 | $158 | $161 |
| ▁▂▁▄▄▄▆█ | Total Deposits ($M) | $145 | $147 | $141 | $160 | $159 | $158 | $173 | $185 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 89% |
| C&I / Commercial | 8% |
| Consumer | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 8% |