Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.19% | -0.29 | 0.10% |
| Return on Equity (%) | ▼ | -2.46% | -3.59 | 1.13% |
| Net Interest Margin (%) | ▲ | 4.48% | +0.11 | 4.37% |
| Efficiency Ratio (%) | ▼ | 98.93% | +2.05 | 96.88% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.03 | $0 |
| Cost of Funds (%) | ▲ | 2.00% | -0.40 | 2.41% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $114 | +33.06 | $81 |
| Gross Loans ($M) | ▲ | $87 | +26.96 | $60 |
| Loan Growth YoY (%) | ▲ | 93.51% | +0.99 | 92.52% |
| Total Deposits ($M) | ▲ | $92 | +27.82 | $64 |
| Shareholders Equity ($M) | ▲ | $8 | +0.23 | $8 |
| Tang. Book Value ($M) | ▲ | $8 | +0.23 | $8 |
| Loan / Deposit Ratio (%) | ▲ | 93.51% | +0.99 | 92.52% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.27% | +1.27 | 0.00% |
| Allowance / Loans (%) | — | 1.05% | 0.05% | 1.00% |
| Net Charge-Off Ratio (%) | ▼ | 1.67% | +1.67 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 11.60% | -3.90 | 15.50% |
Noninterest income ($0.85M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▆██▁▃▃▄▂ | Net Interest Margin (%) | 5.01% | 5.20% | 5.24% | 4.37% | 4.69% | 4.66% | 4.76% | 4.48% |
| ██▇▂▂▂▂▁ | Return on Assets (%) | 1.26% | 1.29% | 1.00% | 0.10% | 0.11% | 0.13% | 0.12% | -0.19% |
| ▂▁▂███▇█ | Efficiency Ratio (%) | 68.1% | 61.4% | 69.2% | 96.9% | 95.9% | 95.7% | 93.0% | 98.9% |
| ██▅▄▅▆▅▁ | Cost of Funds (%) | 2.83% | 2.91% | 2.47% | 2.41% | 2.51% | 2.62% | 2.56% | 2.00% |
| █▄▅▁▃██▇ | NPA / Assets (%) | 1.42% | 0.60% | 0.80% | 0.00% | 0.52% | 1.55% | 1.49% | 1.27% |
| ▇▄▅▁▃██▇ | Net Charge-Off Ratio (%) | 1.64% | 0.76% | 1.21% | 0.00% | 0.67% | 1.94% | 1.77% | 1.67% |
| ▁▇▇▇▇▇██ | Tang. Book Value ($M) | $7 | $8 | $8 | $8 | $8 | $8 | $8 | $8 |
| ▁▁▁▁▃▅▇█ | Gross Loans ($M) | $59 | $60 | $58 | $60 | $67 | $75 | $82 | $87 |
| ▁▂▄▃▃▄▅█ | Total Deposits ($M) | $54 | $61 | $71 | $64 | $65 | $70 | $74 | $92 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 4% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 49% |
| Interest-Bearing (core) | 36% |
| Brokered / Other | 15% |