Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.45% | +0.36 | 0.10% |
| Return on Equity (%) | ▲ | 8.69% | +5.72 | 2.97% |
| Net Interest Margin (%) | ▲ | 3.54% | +0.81 | 2.72% |
| Efficiency Ratio (%) | ▲ | 88.92% | -8.29 | 97.21% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.19 | $0 |
| Cost of Funds (%) | ▲ | 0.92% | -0.49 | 1.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $205 | -12.90 | $218 |
| Gross Loans ($M) | ▲ | $90 | +12.00 | $78 |
| Loan Growth YoY (%) | ▲ | 47.20% | +10.46 | 36.74% |
| Total Deposits ($M) | ▼ | $189 | -20.45 | $210 |
| Shareholders Equity ($M) | ▲ | $11 | +3.58 | $8 |
| Tang. Book Value ($M) | ▲ | $11 | +3.58 | $8 |
| TBV excl. AOCI ($M)** | ▲ | $15 | +3.40 | $11 |
| Loan / Deposit Ratio (%) | ▲ | 47.20% | +10.46 | 36.74% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.56% | +0.34 | 0.22% |
| Allowance / Loans (%) | — | 0.94% | -0.49% | 1.43% |
| Net Charge-Off Ratio (%) | ▼ | 1.04% | +0.43 | 0.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.47% | +0.63 | 13.84% |
Noninterest income ($0.50M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▂▁▂▃▄█ | Net Interest Margin (%) | 2.94% | 2.96% | 2.92% | 2.72% | 2.86% | 2.99% | 3.09% | 3.54% |
| ▁▁▁▃▄▄█▆ | Return on Assets (%) | -0.09% | -0.18% | -0.08% | 0.10% | 0.21% | 0.16% | 0.73% | 0.45% |
| ██▇▆▅▅▁▃ | Efficiency Ratio (%) | 102.7% | 105.2% | 102.3% | 97.2% | 94.3% | 95.6% | 83.0% | 88.9% |
| ▇██▇▇▂▁▁ | Cost of Funds (%) | 1.36% | 1.48% | 1.47% | 1.41% | 1.35% | 1.04% | 0.98% | 0.92% |
| ▂▂▁▃▂▃▃█ | NPA / Assets (%) | 0.18% | 0.18% | 0.07% | 0.22% | 0.19% | 0.20% | 0.25% | 0.56% |
| ▃▃▁▄▁▁▂█ | Net Charge-Off Ratio (%) | 0.51% | 0.48% | 0.22% | 0.61% | 0.23% | 0.25% | 0.38% | 1.04% |
| ▁▃▁▃▃▅██ | Tang. Book Value ($M) | $6 | $7 | $7 | $8 | $8 | $9 | $11 | $11 |
| ▂▂▁▂▄▅▆█ | Gross Loans ($M) | $79 | $80 | $76 | $78 | $82 | $84 | $85 | $90 |
| ▆▄█▆▅▄▅▁ | Total Deposits ($M) | $210 | $203 | $218 | $210 | $207 | $202 | $205 | $189 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 9% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 23% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 5% |