Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.62% | -1.29 | 1.91% |
| Return on Equity (%) | ▼ | 6.39% | -10.15 | 16.54% |
| Net Interest Margin (%) | ▼ | 3.00% | -0.24 | 3.23% |
| Efficiency Ratio (%) | ▼ | 68.75% | +15.95 | 52.80% |
| Pre-Provision Profit ($M) | ▼ | $2 | -2.12 | $4 |
| Cost of Funds (%) | ▲ | 2.94% | -0.31 | 3.26% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $835 | +99.64 | $736 |
| Gross Loans ($M) | ▲ | $676 | +121.99 | $554 |
| Loan Growth YoY (%) | ▲ | 98.22% | +6.96 | 91.26% |
| Total Deposits ($M) | ▲ | $679 | +80.24 | $599 |
| Shareholders Equity ($M) | ▼ | $80 | -2.10 | $82 |
| Tang. Book Value ($M) | ▼ | $73 | -1.57 | $75 |
| Loan / Deposit Ratio (%) | ▲ | 98.22% | +6.96 | 91.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.78% | +1.98 | 1.80% |
| Allowance / Loans (%) | — | 1.44% | -0.04% | 1.47% |
| Net Charge-Off Ratio (%) | ▼ | 4.43% | +2.27 | 2.16% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.64% | -2.98 | 14.63% |
Noninterest income ($1.61M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▆█▇▅▇▄▁ | Net Interest Margin (%) | 3.31% | 3.22% | 3.29% | 3.23% | 3.18% | 3.24% | 3.15% | 3.00% |
| ▆▄▅█▁▁▁▁ | Return on Assets (%) | 1.46% | 1.15% | 1.37% | 1.91% | 0.55% | 0.67% | 0.56% | 0.62% |
| ▂▂▂▁▇▆█▆ | Efficiency Ratio (%) | 55.5% | 56.3% | 57.8% | 52.8% | 69.9% | 68.8% | 74.4% | 68.8% |
| █▅█▄▄▇▂▁ | Cost of Funds (%) | 3.62% | 3.30% | 3.64% | 3.26% | 3.25% | 3.55% | 3.08% | 2.94% |
| █▅▁▁▂▂▄▅ | NPA / Assets (%) | 5.38% | 3.92% | 1.60% | 1.80% | 2.20% | 2.41% | 3.33% | 3.78% |
| █▅▁▁▁▂▄▅ | Net Charge-Off Ratio (%) | 6.73% | 4.57% | 1.91% | 2.16% | 2.40% | 2.66% | 3.89% | 4.43% |
| ▁▃▇█▁▄▃▅ | Tang. Book Value ($M) | $71 | $72 | $74 | $75 | $71 | $72 | $72 | $73 |
| ▁▃▄▅▇▇██ | Gross Loans ($M) | $359 | $450 | $481 | $554 | $628 | $617 | $652 | $676 |
| ▁▁▃▆████ | Total Deposits ($M) | $423 | $440 | $516 | $599 | $660 | $689 | $665 | $679 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 86% |
| C&I / Commercial | 14% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 28% |