Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.27% | -2.72 | 1.45% |
| Return on Equity (%) | ▼ | -12.08% | -23.53 | 11.45% |
| Net Interest Margin (%) | ▼ | 4.49% | -0.45 | 4.94% |
| Efficiency Ratio (%) | ▼ | 91.12% | +17.81 | 73.31% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.55 | $1 |
| Cost of Funds (%) | ▲ | 1.83% | -0.12 | 1.95% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $198 | -4.71 | $202 |
| Gross Loans ($M) | ▼ | $158 | -18.27 | $176 |
| Loan Growth YoY (%) | ▼ | 88.69% | -10.76 | 99.45% |
| Total Deposits ($M) | ▲ | $176 | +0.70 | $176 |
| Shareholders Equity ($M) | ▼ | $20 | -4.94 | $25 |
| Tang. Book Value ($M) | ▼ | $20 | -4.94 | $25 |
| Loan / Deposit Ratio (%) | ▼ | 88.69% | -10.76 | 99.45% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 5.74% | +0.95 | 4.79% |
| Allowance / Loans (%) | — | 1.01% | 0.11% | 0.90% |
| Net Charge-Off Ratio (%) | ▼ | 6.87% | +1.37 | 5.50% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.55M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▃▃▆▄▁ | Net Interest Margin (%) | 5.98% | 5.83% | 5.72% | 4.94% | 5.03% | 5.49% | 5.23% | 4.49% |
| ███▇▃▁▂▂ | Return on Assets (%) | 2.19% | 2.03% | 1.97% | 1.45% | -0.56% | -1.98% | -1.38% | -1.27% |
| ▁▁▁▃▃▂▃█ | Efficiency Ratio (%) | 66.4% | 68.3% | 68.9% | 73.3% | 75.5% | 70.5% | 74.7% | 91.1% |
| ▁▄█▇██▇▅ | Cost of Funds (%) | 1.63% | 1.80% | 2.00% | 1.95% | 2.00% | 2.01% | 1.96% | 1.83% |
| ▁▃▃▄▆█▆▅ | NPA / Assets (%) | 2.84% | 4.57% | 4.64% | 4.79% | 6.46% | 7.94% | 6.10% | 5.74% |
| ▁▃▃▄▇█▆▆ | Net Charge-Off Ratio (%) | 3.23% | 5.23% | 5.24% | 5.50% | 7.59% | 8.95% | 7.18% | 6.87% |
| ▇███▆▁▂▁ | Tang. Book Value ($M) | $25 | $25 | $25 | $25 | $24 | $21 | $21 | $20 |
| ▇▇████▅▁ | Gross Loans ($M) | $172 | $174 | $174 | $176 | $174 | $176 | $168 | $158 |
| ▁▅▄▆█▇▆▆ | Total Deposits ($M) | $165 | $173 | $171 | $176 | $180 | $177 | $176 | $176 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 10% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 31% |
| Interest-Bearing (core) | 45% |
| Brokered / Other | 24% |