Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.25% | -1.12 | 1.38% |
| Return on Equity (%) | ▼ | 2.25% | -8.87 | 11.12% |
| Net Interest Margin (%) | ▼ | 3.50% | -0.22 | 3.73% |
| Efficiency Ratio (%) | ▼ | 83.69% | +20.41 | 63.28% |
| Pre-Provision Profit ($M) | ▼ | $1 | -1.25 | $2 |
| Cost of Funds (%) | ▼ | 2.45% | +0.09 | 2.36% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $525 | +57.38 | $468 |
| Gross Loans ($M) | ▲ | $430 | +36.77 | $393 |
| Loan Growth YoY (%) | ▼ | 110.23% | -3.03 | 113.26% |
| Total Deposits ($M) | ▲ | $385 | +42.15 | $343 |
| Shareholders Equity ($M) | ▲ | $58 | +1.25 | $57 |
| Tang. Book Value ($M) | ▲ | $50 | +2.15 | $48 |
| TBV excl. AOCI ($M)** | ▲ | $54 | +4.76 | $49 |
| Loan / Deposit Ratio (%) | ▼ | 110.23% | -3.03 | 113.26% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.53% | +1.92 | 1.61% |
| Allowance / Loans (%) | — | 1.37% | 0.05% | 1.32% |
| Net Charge-Off Ratio (%) | ▼ | 4.31% | +3.11 | 1.20% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.69M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▇█▅██▇▁ | Net Interest Margin (%) | 3.86% | 3.85% | 3.88% | 3.73% | 3.94% | 3.92% | 3.87% | 3.50% |
| ▄▄▄█▇▆▅▁ | Return on Assets (%) | 0.77% | 0.80% | 0.78% | 1.38% | 1.18% | 0.97% | 0.85% | 0.25% |
| ▇▆▆▁▂▄▄█ | Efficiency Ratio (%) | 79.8% | 77.8% | 76.6% | 63.3% | 68.1% | 71.4% | 72.6% | 83.7% |
| ▁▅█▇█▇██ | Cost of Funds (%) | 1.92% | 2.24% | 2.47% | 2.36% | 2.45% | 2.35% | 2.42% | 2.45% |
| ▅▆▂▁▄▇▆█ | NPA / Assets (%) | 2.79% | 2.93% | 1.97% | 1.61% | 2.46% | 3.08% | 2.95% | 3.53% |
| ▄▃▁▁▄▆▇█ | Net Charge-Off Ratio (%) | 2.69% | 2.33% | 1.48% | 1.20% | 2.69% | 3.39% | 3.54% | 4.31% |
| ▁▂▃▅▇███ | Tang. Book Value ($M) | $45 | $46 | $47 | $48 | $49 | $50 | $50 | $50 |
| ▂▁▂▁▅█▇█ | Gross Loans ($M) | $401 | $394 | $402 | $393 | $412 | $426 | $425 | $430 |
| ▁▄▁▄▃▅▇█ | Total Deposits ($M) | $309 | $337 | $308 | $343 | $331 | $348 | $368 | $385 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 29% |
| Interest-Bearing (core) | 34% |
| Brokered / Other | 37% |