Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.85% | +2.28 | -0.43% |
| Return on Equity (%) | ▲ | 12.10% | +15.13 | -3.03% |
| Net Interest Margin (%) | ▼ | 4.94% | -0.11 | 5.04% |
| Efficiency Ratio (%) | ▲ | 72.55% | -27.19 | 99.73% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.97 | $0 |
| Cost of Funds (%) | ▲ | 1.91% | -0.55 | 2.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $181 | -7.43 | $188 |
| Gross Loans ($M) | ▼ | $145 | -12.53 | $158 |
| Loan Growth YoY (%) | ▼ | 98.59% | -12.31 | 110.90% |
| Total Deposits ($M) | ▲ | $145 | +5.21 | $139 |
| Shareholders Equity ($M) | ▲ | $29 | +1.37 | $27 |
| Tang. Book Value ($M) | ▲ | $29 | +1.37 | $27 |
| Loan / Deposit Ratio (%) | ▼ | 98.59% | -12.31 | 110.90% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.12% | +0.47 | 0.65% |
| Allowance / Loans (%) | — | 1.93% | -0.17% | 2.10% |
| Net Charge-Off Ratio (%) | ▼ | 1.39% | +0.62 | 0.77% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 18.83% | +2.97 | 15.86% |
Noninterest income ($1.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ██▇▁▄▄▃▁ | Net Interest Margin (%) | 6.18% | 6.25% | 6.08% | 5.04% | 5.48% | 5.51% | 5.33% | 4.94% |
| ▅▅▃▁▂▃▃█ | Return on Assets (%) | 0.77% | 0.79% | 0.39% | -0.43% | 0.02% | 0.21% | 0.16% | 1.85% |
| ▄▄▅█▆▅▅▁ | Efficiency Ratio (%) | 82.9% | 84.1% | 88.0% | 99.7% | 92.6% | 88.9% | 86.8% | 72.5% |
| ▁▃▄█▃▇▅▄ | Cost of Funds (%) | 1.53% | 1.80% | 1.97% | 2.46% | 1.87% | 2.28% | 2.11% | 1.91% |
| █▇▄▁▃▄▁▃ | NPA / Assets (%) | 2.35% | 2.03% | 1.32% | 0.65% | 1.17% | 1.44% | 0.82% | 1.12% |
| █▇▄▁▃▅▂▃ | Net Charge-Off Ratio (%) | 2.82% | 2.43% | 1.56% | 0.77% | 1.40% | 1.82% | 1.06% | 1.39% |
| ▁▃▁▁▂▄▄█ | Tang. Book Value ($M) | $27 | $28 | $27 | $27 | $27 | $28 | $28 | $29 |
| ▁▁█▇█▃▁▁ | Gross Loans ($M) | $145 | $143 | $162 | $158 | $160 | $149 | $145 | $145 |
| ▁▂█▇█▇██ | Total Deposits ($M) | $120 | $123 | $142 | $139 | $144 | $141 | $144 | $145 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 17% |
| C&I / Commercial | 83% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 50% |
| Brokered / Other | 22% |