Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.97% | +0.77 | 0.20% |
| Return on Equity (%) | ▲ | 11.69% | +8.94 | 2.75% |
| Net Interest Margin (%) | ▲ | 3.88% | +1.38 | 2.51% |
| Efficiency Ratio (%) | ▲ | 74.53% | -19.14 | 93.66% |
| Pre-Provision Profit ($M) | ▲ | $1 | +0.71 | $0 |
| Cost of Funds (%) | ▲ | 1.39% | -0.46 | 1.85% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $265 | -40.90 | $306 |
| Gross Loans ($M) | ▼ | $129 | -12.02 | $141 |
| Loan Growth YoY (%) | ▲ | 52.56% | +3.32 | 49.24% |
| Total Deposits ($M) | ▼ | $242 | -40.22 | $282 |
| Shareholders Equity ($M) | ▼ | $22 | -0.45 | $23 |
| Tang. Book Value ($M) | ▼ | $22 | -0.37 | $22 |
| TBV excl. AOCI ($M)** | ▼ | $27 | -2.14 | $29 |
| Loan / Deposit Ratio (%) | ▲ | 52.56% | +3.32 | 49.24% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.26% | -0.59 | 0.85% |
| Allowance / Loans (%) | — | 1.66% | -0.03% | 1.69% |
| Net Charge-Off Ratio (%) | ▲ | 0.54% | -1.07 | 1.61% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -12.77 | 12.77% |
Noninterest income ($1.05M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▅█ | Net Interest Margin (%) | 2.03% | 2.06% | 2.11% | 2.51% | 2.63% | 2.91% | 3.09% | 3.88% |
| ▆▆▆▇▇▁▃█ | Return on Assets (%) | 0.01% | -0.00% | 0.01% | 0.20% | 0.32% | -2.15% | -1.31% | 0.97% |
| ███▅▄▃▃▁ | Efficiency Ratio (%) | 107.1% | 105.2% | 104.1% | 93.7% | 90.3% | 86.6% | 85.1% | 74.5% |
| ███▅▄▄▃▁ | Cost of Funds (%) | 2.10% | 2.13% | 2.11% | 1.85% | 1.73% | 1.69% | 1.61% | 1.39% |
| ▄▇███▄▃▁ | NPA / Assets (%) | 0.58% | 0.81% | 0.86% | 0.85% | 0.91% | 0.57% | 0.46% | 0.26% |
| ▆██▇▇▃▃▁ | Net Charge-Off Ratio (%) | 1.38% | 1.77% | 1.85% | 1.61% | 1.66% | 0.93% | 0.94% | 0.54% |
| ▁▁▁▂█▁▂▂ | Tang. Book Value ($M) | $21 | $21 | $21 | $22 | $29 | $21 | $22 | $22 |
| ▁▅███▃▄▃ | Gross Loans ($M) | $125 | $135 | $139 | $141 | $140 | $130 | $131 | $129 |
| ▂▂▆█▄▂▁▁ | Total Deposits ($M) | $249 | $248 | $268 | $282 | $260 | $247 | $245 | $242 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 69% |
| C&I / Commercial | 27% |
| Consumer | 4% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 15% |
| Interest-Bearing (core) | 78% |
| Brokered / Other | 6% |