Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -1.95% | -1.06 | -0.89% |
| Return on Equity (%) | ▼ | -15.97% | -8.67 | -7.30% |
| Net Interest Margin (%) | ▲ | 2.16% | +0.20 | 1.95% |
| Efficiency Ratio (%) | ▼ | 166.88% | +50.20 | 116.69% |
| Pre-Provision Profit ($M) | ▼ | $-2 | -1.42 | $-1 |
| Cost of Funds (%) | ▲ | 2.50% | -0.09 | 2.60% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $474 | -14.38 | $489 |
| Gross Loans ($M) | ▼ | $305 | -0.46 | $305 |
| Loan Growth YoY (%) | ▲ | 82.67% | +1.18 | 81.49% |
| Total Deposits ($M) | ▼ | $365 | -3.17 | $368 |
| Shareholders Equity ($M) | ▼ | $59 | -4.05 | $64 |
| Tang. Book Value ($M) | ▼ | $59 | -4.05 | $64 |
| TBV excl. AOCI ($M)** | ▼ | $63 | -4.13 | $68 |
| Loan / Deposit Ratio (%) | ▲ | 82.67% | +1.18 | 81.49% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.34% | -1.83 | 2.17% |
| Allowance / Loans (%) | — | 0.92% | -0.71% | 1.64% |
| Net Charge-Off Ratio (%) | ▲ | 0.53% | -2.95 | 3.48% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 18.57% | -1.64 | 20.21% |
Noninterest income ($0.47M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▇▇▁▂▂▁▂ | Net Interest Margin (%) | 3.24% | 3.06% | 2.92% | 1.95% | 2.22% | 2.12% | 2.10% | 2.16% |
| ██▄▄▇▅▄▁ | Return on Assets (%) | 0.24% | 0.09% | -0.94% | -0.89% | -0.30% | -0.72% | -0.90% | -1.95% |
| ▁▁▄▃▁▃▃█ | Efficiency Ratio (%) | 93.3% | 99.8% | 123.4% | 116.7% | 100.5% | 114.6% | 120.4% | 166.9% |
| ▇▆█▃▁▂▁▂ | Cost of Funds (%) | 2.88% | 2.80% | 2.98% | 2.60% | 2.41% | 2.54% | 2.41% | 2.50% |
| ▇█▃▅▃▃▁▁ | NPA / Assets (%) | 3.04% | 3.77% | 1.24% | 2.17% | 1.37% | 1.38% | 0.31% | 0.34% |
| ▆█▃▄▃▃▁▁ | Net Charge-Off Ratio (%) | 4.86% | 6.53% | 2.21% | 3.48% | 2.30% | 2.41% | 0.55% | 0.53% |
| ▇█▃▃▄▃▂▁ | Tang. Book Value ($M) | $69 | $71 | $63 | $64 | $65 | $63 | $62 | $59 |
| █▅▄▃▂▁▂▃ | Gross Loans ($M) | $345 | $318 | $309 | $305 | $297 | $284 | $293 | $305 |
| ██▆▁▂▁▅▁ | Total Deposits ($M) | $424 | $421 | $407 | $368 | $377 | $367 | $397 | $365 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 90% |
| C&I / Commercial | 5% |
| Other | 6% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 6% |