Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.56% | +0.54 | 0.02% |
| Return on Equity (%) | ▲ | 6.16% | +5.89 | 0.27% |
| Net Interest Margin (%) | ▲ | 3.02% | +0.97 | 2.05% |
| Efficiency Ratio (%) | ▲ | 79.61% | -21.09 | 100.70% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.35 | $-0 |
| Cost of Funds (%) | ▲ | 0.74% | -0.63 | 1.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $204 | -14.16 | $219 |
| Gross Loans ($M) | ▼ | $92 | -10.08 | $102 |
| Loan Growth YoY (%) | ▼ | 50.32% | -1.44 | 51.76% |
| Total Deposits ($M) | ▼ | $181 | -14.55 | $196 |
| Shareholders Equity ($M) | ▲ | $18 | +0.54 | $18 |
| Tang. Book Value ($M) | ▲ | $18 | +0.54 | $18 |
| TBV excl. AOCI ($M)** | ▼ | $22 | -0.71 | $23 |
| Loan / Deposit Ratio (%) | ▼ | 50.32% | -1.44 | 51.76% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.77% | +0.38 | 1.39% |
| Allowance / Loans (%) | — | 0.86% | 0.15% | 0.72% |
| Net Charge-Off Ratio (%) | ▼ | 3.83% | +0.89 | 2.94% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.46% | +3.38 | 18.07% |
Noninterest income ($0.26M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▂▃▄▄█ | Net Interest Margin (%) | 1.79% | 1.75% | 1.79% | 2.05% | 2.20% | 2.24% | 2.37% | 3.02% |
| ▄▁▁▄▅▆▆█ | Return on Assets (%) | -0.03% | -0.44% | -0.45% | 0.02% | 0.12% | 0.22% | 0.25% | 0.56% |
| ▇██▇▅▄▄▁ | Efficiency Ratio (%) | 102.9% | 106.2% | 107.5% | 100.7% | 95.7% | 92.9% | 91.1% | 79.6% |
| ▆▇█▆▅▄▂▁ | Cost of Funds (%) | 1.37% | 1.45% | 1.60% | 1.37% | 1.18% | 1.09% | 0.95% | 0.74% |
| ▁▄▅▆▆▆▇█ | NPA / Assets (%) | 0.37% | 0.96% | 1.10% | 1.39% | 1.40% | 1.32% | 1.59% | 1.77% |
| ▁▄▅▆▆▆▇█ | Net Charge-Off Ratio (%) | 0.77% | 2.16% | 2.32% | 2.94% | 2.98% | 2.96% | 3.33% | 3.83% |
| ▁▁▆▆▇███ | Tang. Book Value ($M) | $17 | $17 | $18 | $18 | $18 | $18 | $18 | $18 |
| ██▇▇▃▁▂▁ | Gross Loans ($M) | $104 | $105 | $103 | $102 | $97 | $93 | $94 | $92 |
| ▁▇▄█▆▆▁▄ | Total Deposits ($M) | $172 | $191 | $183 | $196 | $187 | $190 | $173 | $181 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 6% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 5% |