Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.36% | -0.21 | 0.57% |
| Return on Equity (%) | ▼ | 3.53% | -1.59 | 5.12% |
| Net Interest Margin (%) | ▲ | 3.37% | +0.02 | 3.35% |
| Efficiency Ratio (%) | ▼ | 89.37% | +4.81 | 84.57% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.61 | $2 |
| Cost of Funds (%) | ▲ | 3.27% | -0.27 | 3.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $853 | +56.98 | $796 |
| Gross Loans ($M) | ▼ | $581 | -4.24 | $585 |
| Loan Growth YoY (%) | ▼ | 76.30% | -7.42 | 83.73% |
| Total Deposits ($M) | ▲ | $760 | +61.96 | $698 |
| Shareholders Equity ($M) | ▲ | $86 | +1.99 | $84 |
| Tang. Book Value ($M) | ▲ | $86 | +1.99 | $84 |
| Loan / Deposit Ratio (%) | ▼ | 76.30% | -7.42 | 83.73% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.38% | +0.10 | 2.28% |
| Allowance / Loans (%) | — | 0.20% | 0.05% | 0.15% |
| Net Charge-Off Ratio (%) | ▼ | 3.43% | +0.33 | 3.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($3.71M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃██▇▃ | Net Interest Margin (%) | 3.14% | 3.21% | 3.22% | 3.35% | 3.91% | 3.91% | 3.75% | 3.37% |
| ▁▃▆█▆▇█▆ | Return on Assets (%) | -0.11% | 0.07% | 0.34% | 0.57% | 0.37% | 0.42% | 0.56% | 0.36% |
| █▇▄▁▂▂▁▃ | Efficiency Ratio (%) | 102.1% | 98.1% | 92.6% | 84.6% | 88.7% | 88.1% | 86.1% | 89.4% |
| ▇██▆▆▅▁▃ | Cost of Funds (%) | 3.67% | 3.75% | 3.76% | 3.54% | 3.52% | 3.41% | 3.05% | 3.27% |
| █▇▇▂▁▄▁▃ | NPA / Assets (%) | 3.54% | 3.25% | 3.21% | 2.28% | 1.99% | 2.73% | 1.92% | 2.38% |
| ███▃▁▃▁▄ | Net Charge-Off Ratio (%) | 4.51% | 4.40% | 4.37% | 3.10% | 2.60% | 3.27% | 2.67% | 3.43% |
| ▁▂▄▆▃▅▇█ | Tang. Book Value ($M) | $80 | $81 | $83 | $84 | $82 | $83 | $85 | $86 |
| ▁▁▃█▇███ | Gross Loans ($M) | $489 | $486 | $521 | $585 | $571 | $586 | $585 | $581 |
| ▁▂▄▆▅▄██ | Total Deposits ($M) | $512 | $564 | $615 | $698 | $653 | $609 | $740 | $760 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 100% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 1% |
| Interest-Bearing (core) | 92% |
| Brokered / Other | 6% |