Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.67% | +0.28 | 0.39% |
| Return on Equity (%) | ▲ | 4.99% | +1.78 | 3.21% |
| Net Interest Margin (%) | ▲ | 5.03% | +0.06 | 4.96% |
| Efficiency Ratio (%) | ▲ | 83.33% | -5.58 | 88.92% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.28 | $0 |
| Cost of Funds (%) | ▲ | 1.13% | -0.34 | 1.46% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $202 | +20.67 | $182 |
| Gross Loans ($M) | ▼ | $127 | -1.47 | $128 |
| Loan Growth YoY (%) | ▼ | 72.62% | -7.36 | 79.98% |
| Total Deposits ($M) | ▲ | $172 | +14.38 | $158 |
| Shareholders Equity ($M) | ▲ | $26 | +4.79 | $22 |
| Tang. Book Value ($M) | ▲ | $25 | +4.21 | $21 |
| TBV excl. AOCI ($M)** | ▲ | $27 | +4.74 | $22 |
| Loan / Deposit Ratio (%) | ▼ | 72.62% | -7.36 | 79.98% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.01% | -1.02 | 1.03% |
| Allowance / Loans (%) | — | 1.15% | -0.20% | 1.35% |
| Net Charge-Off Ratio (%) | ▲ | 0.02% | -1.44 | 1.46% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.10M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇██▁▁▁▂▂ | Net Interest Margin (%) | 5.36% | 5.40% | 5.42% | 4.96% | 4.98% | 5.00% | 5.03% | 5.03% |
| ▁▄▄▃▅▆█▃ | Return on Assets (%) | -0.28% | 0.84% | 0.81% | 0.39% | 1.12% | 1.46% | 2.27% | 0.67% |
| ▃▁▁█▄▃▄▆ | Efficiency Ratio (%) | 75.8% | 69.0% | 70.4% | 88.9% | 78.5% | 74.7% | 76.7% | 83.3% |
| ██▆▅▅▄▃▁ | Cost of Funds (%) | 1.74% | 1.71% | 1.59% | 1.46% | 1.45% | 1.41% | 1.30% | 1.13% |
| █▆▆▅▅▅▃▁ | NPA / Assets (%) | 1.68% | 1.18% | 1.12% | 1.03% | 0.96% | 0.98% | 0.52% | 0.01% |
| █▆▆▆▅▅▃▁ | Net Charge-Off Ratio (%) | 2.31% | 1.61% | 1.52% | 1.46% | 1.41% | 1.39% | 0.77% | 0.02% |
| ▁▃▂▃▄▆██ | Tang. Book Value ($M) | $19 | $21 | $20 | $21 | $22 | $23 | $25 | $25 |
| ▁▄▅▆▇█▇▅ | Gross Loans ($M) | $117 | $125 | $126 | $128 | $132 | $134 | $131 | $127 |
| ▁▃▄▆█▆▇█ | Total Deposits ($M) | $134 | $146 | $149 | $158 | $169 | $159 | $163 | $172 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 36% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 28% |
| Interest-Bearing (core) | 58% |
| Brokered / Other | 14% |