Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.17% | -0.64 | 0.48% |
| Return on Equity (%) | ▼ | -1.56% | -5.56 | 4.00% |
| Net Interest Margin (%) | ▼ | 3.78% | -0.37 | 4.16% |
| Efficiency Ratio (%) | ▼ | 101.23% | +12.51 | 88.72% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -0.16 | $0 |
| Cost of Funds (%) | ▼ | 1.70% | +0.39 | 1.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $135 | +17.62 | $118 |
| Gross Loans ($M) | ▲ | $86 | +10.73 | $75 |
| Loan Growth YoY (%) | ▲ | 78.55% | +0.75 | 77.80% |
| Total Deposits ($M) | ▲ | $108 | +12.62 | $95 |
| Shareholders Equity ($M) | ▲ | $14 | +0.10 | $14 |
| Tang. Book Value ($M) | ▲ | $11 | +0.11 | $11 |
| Loan / Deposit Ratio (%) | ▲ | 78.55% | +0.75 | 77.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.69% | +1.08 | 1.60% |
| Allowance / Loans (%) | — | 0.98% | 0.00% | 0.98% |
| Net Charge-Off Ratio (%) | ▼ | 0.23% | +0.23 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.63% | +12.63 | 0.00% |
Noninterest income ($0.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▃▆▇█▇▄ | Net Interest Margin (%) | 3.30% | 3.47% | 3.65% | 4.16% | 4.26% | 4.49% | 4.27% | 3.78% |
| ▂▄▅▆██▇▁ | Return on Assets (%) | -0.00% | 0.28% | 0.38% | 0.48% | 0.75% | 0.73% | 0.59% | -0.17% |
| █▄▃▃▁▁▁█ | Efficiency Ratio (%) | 100.1% | 92.1% | 88.4% | 88.7% | 83.4% | 83.9% | 85.2% | 101.2% |
| ▅▇▄▄▄▁█▆ | Cost of Funds (%) | 1.53% | 1.78% | 1.39% | 1.31% | 1.43% | 0.89% | 1.98% | 1.70% |
| ▁▁▁▁████ | NPA / Assets (%) | 1.61% | 1.75% | 1.64% | 1.60% | 2.79% | 2.71% | 2.68% | 2.69% |
| ▁█▂▁▂▂▆▆ | Net Charge-Off Ratio (%) | 0.03% | 0.35% | 0.08% | 0.00% | 0.05% | 0.05% | 0.22% | 0.23% |
| ▁▅▄▆███▇ | Tang. Book Value ($M) | $10 | $11 | $11 | $11 | $11 | $11 | $11 | $11 |
| ▁▂▃▃▅▇██ | Gross Loans ($M) | $69 | $73 | $75 | $75 | $79 | $82 | $85 | $86 |
| ▃▆▁▁▆█▇█ | Total Deposits ($M) | $99 | $104 | $97 | $95 | $104 | $107 | $106 | $108 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 88% |
| C&I / Commercial | 8% |
| Consumer | 3% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 10% |