Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.20% | +0.17 | -0.37% |
| Return on Equity (%) | ▲ | -1.86% | +1.00 | -2.86% |
| Net Interest Margin (%) | ▼ | 3.00% | -0.02 | 3.03% |
| Efficiency Ratio (%) | ▲ | 100.37% | -7.77 | 108.15% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.15 | $-0 |
| Cost of Funds (%) | ▲ | 2.83% | -0.08 | 2.91% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $246 | +38.87 | $207 |
| Gross Loans ($M) | ▲ | $200 | +35.63 | $164 |
| Loan Growth YoY (%) | ▲ | 91.11% | +0.48 | 90.63% |
| Total Deposits ($M) | ▲ | $217 | +37.91 | $179 |
| Shareholders Equity ($M) | ▲ | $26 | +0.11 | $26 |
| Tang. Book Value ($M) | ▼ | $25 | -0.06 | $25 |
| Loan / Deposit Ratio (%) | ▲ | 91.11% | +0.48 | 90.63% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.64% | +0.54 | 0.11% |
| Allowance / Loans (%) | — | 1.22% | -0.13% | 1.35% |
| Net Charge-Off Ratio (%) | ▼ | 0.79% | +0.66 | 0.14% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.33M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▄██▁▄██▁ | Net Interest Margin (%) | 3.15% | 3.32% | 3.31% | 3.03% | 3.15% | 3.35% | 3.33% | 3.00% |
| ▇█▇▁▁▂▁▂ | Return on Assets (%) | 0.40% | 0.52% | 0.35% | -0.37% | -0.39% | -0.23% | -0.35% | -0.20% |
| ▂▁▁█▇▅▄▆ | Efficiency Ratio (%) | 84.3% | 80.4% | 80.8% | 108.1% | 104.1% | 97.3% | 91.5% | 100.4% |
| ▇██▂▇▅▁▁ | Cost of Funds (%) | 3.12% | 3.19% | 3.16% | 2.91% | 3.11% | 3.04% | 2.83% | 2.83% |
| ▁▁▁▂▁▂▃█ | NPA / Assets (%) | 0.00% | 0.00% | 0.00% | 0.11% | 0.00% | 0.13% | 0.19% | 0.64% |
| ▁▁▁▂▁▂▃█ | Net Charge-Off Ratio (%) | 0.00% | 0.00% | 0.00% | 0.14% | 0.00% | 0.16% | 0.25% | 0.79% |
| ▁▃▃▄▅█▅▃ | Tang. Book Value ($M) | $25 | $25 | $25 | $25 | $25 | $25 | $25 | $25 |
| ▁▂▃▄▅▇██ | Gross Loans ($M) | $132 | $145 | $157 | $164 | $173 | $189 | $195 | $200 |
| ▁▂▄▅▅▆██ | Total Deposits ($M) | $132 | $148 | $167 | $179 | $183 | $201 | $224 | $217 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 79% |
| C&I / Commercial | 20% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 10% |
| Interest-Bearing (core) | 72% |
| Brokered / Other | 17% |