Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.61% | -0.96 | 1.57% |
| Return on Equity (%) | ▼ | 3.18% | -4.57 | 7.75% |
| Net Interest Margin (%) | ▲ | 3.90% | +0.10 | 3.80% |
| Efficiency Ratio (%) | ▼ | 91.24% | +20.78 | 70.47% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.66 | $1 |
| Cost of Funds (%) | ▲ | 1.47% | -0.27 | 1.74% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $242 | +40.47 | $201 |
| Gross Loans ($M) | ▲ | $160 | +20.95 | $139 |
| Loan Growth YoY (%) | ▼ | 82.83% | -6.83 | 89.67% |
| Total Deposits ($M) | ▲ | $192 | +37.89 | $154 |
| Shareholders Equity ($M) | ▲ | $44 | +2.77 | $41 |
| Tang. Book Value ($M) | ▲ | $37 | +2.87 | $35 |
| Loan / Deposit Ratio (%) | ▼ | 82.83% | -6.83 | 89.67% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.20% | +0.04 | 0.17% |
| Allowance / Loans (%) | — | 0.71% | -0.04% | 0.75% |
| Net Charge-Off Ratio (%) | ▼ | 0.31% | +0.07 | 0.24% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.35M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆█▆▁▃▁▆▅ | Net Interest Margin (%) | 3.91% | 3.97% | 3.93% | 3.80% | 3.85% | 3.80% | 3.93% | 3.90% |
| ▁▃▄████▃ | Return on Assets (%) | 0.04% | 0.47% | 0.83% | 1.57% | 1.65% | 1.49% | 1.48% | 0.61% |
| █▆▅▁▁▁▁▇ | Efficiency Ratio (%) | 97.9% | 89.5% | 82.8% | 70.5% | 67.2% | 69.3% | 69.5% | 91.2% |
| ██▁▇█▃▅▂ | Cost of Funds (%) | 1.78% | 1.79% | 1.41% | 1.74% | 1.81% | 1.52% | 1.64% | 1.47% |
| ▁▁▆▇▂███ | NPA / Assets (%) | 0.00% | 0.00% | 0.15% | 0.17% | 0.05% | 0.21% | 0.20% | 0.20% |
| ▁▁▇▇▂█▇█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.23% | 0.24% | 0.07% | 0.31% | 0.26% | 0.31% |
| ▁▂▃▄▆▇██ | Tang. Book Value ($M) | $32 | $33 | $34 | $35 | $36 | $36 | $37 | $37 |
| ▁▂▄▅▇███ | Gross Loans ($M) | $105 | $116 | $132 | $139 | $156 | $162 | $165 | $160 |
| ▁▂▅▄▅█▆█ | Total Deposits ($M) | $121 | $133 | $158 | $154 | $158 | $187 | $172 | $192 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 57% |
| C&I / Commercial | 43% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 27% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 10% |