Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -1.00% | +2.21 | -3.21% |
| Return on Equity (%) | ▲ | -9.01% | +16.17 | -25.18% |
| Net Interest Margin (%) | ▲ | 4.16% | +0.16 | 4.00% |
| Efficiency Ratio (%) | ▲ | 111.59% | -58.16 | 169.75% |
| Pre-Provision Profit ($M) | ▲ | $-0 | +0.56 | $-1 |
| Cost of Funds (%) | ▲ | 2.64% | -0.37 | 3.01% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $189 | +69.04 | $120 |
| Gross Loans ($M) | ▲ | $151 | +59.00 | $92 |
| Loan Growth YoY (%) | ▲ | 104.90% | +6.82 | 98.08% |
| Total Deposits ($M) | ▲ | $142 | +48.41 | $93 |
| Shareholders Equity ($M) | ▲ | $20 | +5.69 | $14 |
| Tang. Book Value ($M) | ▲ | $19 | +5.24 | $14 |
| Loan / Deposit Ratio (%) | ▲ | 104.90% | +6.82 | 98.08% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.40% | +1.77 | 0.62% |
| Allowance / Loans (%) | — | 1.75% | 0.88% | 0.87% |
| Net Charge-Off Ratio (%) | ▼ | 2.99% | +2.18 | 0.81% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.34M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| █▁▅▂▁▆█▄ | Net Interest Margin (%) | 4.44% | 3.96% | 4.19% | 4.00% | 3.91% | 4.30% | 4.40% | 4.16% |
| ▁▁▃▄▅█▇▅ | Return on Assets (%) | -8.09% | -6.75% | -5.03% | -3.21% | -1.62% | 3.43% | 1.90% | -1.00% |
| █▇▅▅▃▁▁▂ | Efficiency Ratio (%) | 277.3% | 240.2% | 186.2% | 169.8% | 125.0% | 57.8% | 66.0% | 111.6% |
| ▆█▁█▇▇▃▄ | Cost of Funds (%) | 2.80% | 2.96% | 2.40% | 3.01% | 2.91% | 2.88% | 2.60% | 2.64% |
| ▃▂▂▁▁█▄▄ | NPA / Assets (%) | 2.27% | 1.60% | 1.34% | 0.62% | 0.54% | 5.18% | 2.46% | 2.40% |
| ▃▂▂▁▁█▃▃ | Net Charge-Off Ratio (%) | 3.02% | 2.28% | 1.73% | 0.81% | 0.78% | 7.83% | 3.17% | 2.99% |
| ▄▃▂▁▃██▇ | Tang. Book Value ($M) | $17 | $16 | $15 | $14 | $16 | $20 | $20 | $19 |
| ▁▂▃▄▄▅▇█ | Gross Loans ($M) | $50 | $66 | $86 | $92 | $96 | $103 | $138 | $151 |
| ▁▃▄▄▆▇██ | Total Deposits ($M) | $48 | $77 | $84 | $93 | $116 | $128 | $134 | $142 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 18% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 23% |