Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.80% | +3.23 | -4.04% |
| Return on Equity (%) | ▲ | -5.66% | +17.15 | -22.81% |
| Net Interest Margin (%) | ▲ | 4.43% | +3.70 | 0.73% |
| Efficiency Ratio (%) | ▲ | 97.21% | -66.63 | 163.84% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.78 | $-1 |
| Cost of Funds (%) | ▼ | 2.44% | +1.93 | 0.51% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $205 | +40.36 | $165 |
| Gross Loans ($M) | ▲ | $148 | +42.03 | $106 |
| Loan Growth YoY (%) | ▲ | 89.11% | +5.47 | 83.64% |
| Total Deposits ($M) | ▲ | $163 | +38.11 | $125 |
| Shareholders Equity ($M) | ▼ | $28 | -6.21 | $34 |
| Tang. Book Value ($M) | ▼ | $13 | -7.64 | $20 |
| Loan / Deposit Ratio (%) | ▲ | 89.11% | +5.47 | 83.64% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 1.13% | -0.42 | 1.55% |
| Allowance / Loans (%) | — | 1.86% | 0.42% | 1.45% |
| Net Charge-Off Ratio (%) | ▲ | 1.56% | -0.53 | 2.09% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 10.40% | -6.89 | 17.29% |
Noninterest income ($5.18M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▇▇▁▅▆▇█ | Net Interest Margin (%) | 3.88% | 3.96% | 3.95% | 0.73% | 2.78% | 3.37% | 3.77% | 4.43% |
| ███▄▁▁▂▇ | Return on Assets (%) | 0.09% | 0.40% | 0.35% | -4.04% | -7.07% | -6.27% | -5.89% | -0.80% |
| ▁▁▁██▇▆▁ | Efficiency Ratio (%) | 98.6% | 90.2% | 94.0% | 163.8% | 168.0% | 152.7% | 145.3% | 97.2% |
| ███▁▆▆▆▆ | Cost of Funds (%) | 3.06% | 3.18% | 3.16% | 0.51% | 2.44% | 2.25% | 2.40% | 2.44% |
| █▄▃██▆▁▅ | NPA / Assets (%) | 1.58% | 0.95% | 0.83% | 1.55% | 1.50% | 1.28% | 0.53% | 1.13% |
| ▇▂▁█▇▅▁▅ | Net Charge-Off Ratio (%) | 1.84% | 0.96% | 0.79% | 2.09% | 1.91% | 1.55% | 0.73% | 1.56% |
| ▇███▄▃▁▁ | Tang. Book Value ($M) | $19 | $20 | $20 | $20 | $16 | $15 | $13 | $13 |
| ▁▁▁▁▃▆▇█ | Gross Loans ($M) | $102 | $104 | $107 | $106 | $115 | $133 | $138 | $148 |
| ▁▁▁▂▂▅▅█ | Total Deposits ($M) | $118 | $123 | $123 | $125 | $126 | $146 | $144 | $163 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 55% |
| C&I / Commercial | 46% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 23% |