Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.28% | -0.71 | 0.99% |
| Return on Equity (%) | ▼ | 3.13% | -9.57 | 12.70% |
| Net Interest Margin (%) | ▼ | 2.58% | -0.27 | 2.85% |
| Efficiency Ratio (%) | ▼ | 91.31% | +16.01 | 75.30% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.19 | $0 |
| Cost of Funds (%) | ▲ | 0.58% | -0.03 | 0.61% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $108 | -1.50 | $109 |
| Gross Loans ($M) | ▼ | $24 | -0.24 | $25 |
| Loan Growth YoY (%) | ▲ | 24.89% | +0.38 | 24.51% |
| Total Deposits ($M) | ▼ | $97 | -2.47 | $100 |
| Shareholders Equity ($M) | ▲ | $10 | +1.41 | $9 |
| Tang. Book Value ($M) | ▲ | $10 | +1.41 | $9 |
| TBV excl. AOCI ($M)** | ▲ | $13 | +1.57 | $11 |
| Loan / Deposit Ratio (%) | ▲ | 24.89% | +0.38 | 24.51% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.07% | +0.02 | 0.06% |
| Allowance / Loans (%) | — | 1.07% | 0.01% | 1.07% |
| Net Charge-Off Ratio (%) | ▼ | 0.12% | +0.12 | 0.00% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 39.67% | +9.94 | 29.73% |
Noninterest income ($0.22M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▃▃▅▂▆▇█▁ | Net Interest Margin (%) | 3.00% | 2.93% | 3.26% | 2.85% | 3.43% | 3.47% | 3.76% | 2.58% |
| ▄▄▄▅█▇▄▁ | Return on Assets (%) | 0.84% | 0.76% | 0.73% | 0.99% | 1.43% | 1.20% | 0.84% | 0.28% |
| ▃▄▄▃▁▁▄█ | Efficiency Ratio (%) | 72.7% | 76.1% | 77.4% | 75.3% | 66.1% | 68.8% | 78.4% | 91.3% |
| ██▅▁▁▂▁▁ | Cost of Funds (%) | 0.91% | 0.91% | 0.75% | 0.61% | 0.61% | 0.63% | 0.58% | 0.58% |
| █▇▂▁▁▁▁▁ | NPA / Assets (%) | 0.32% | 0.26% | 0.10% | 0.06% | 0.05% | 0.05% | 0.05% | 0.07% |
| █▁█▁▁▁▁▅ | Net Charge-Off Ratio (%) | 0.18% | 0.00% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.12% |
| ▃▇▁▃▅▇▇█ | Tang. Book Value ($M) | $9 | $10 | $8 | $9 | $9 | $10 | $10 | $10 |
| ▄█▇▄▁▄▆▃ | Gross Loans ($M) | $25 | $26 | $25 | $25 | $24 | $25 | $25 | $24 |
| ▁▂▆▇▆██▅ | Total Deposits ($M) | $92 | $93 | $98 | $100 | $98 | $100 | $101 | $97 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 91% |
| C&I / Commercial | 2% |
| Consumer | 6% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 44% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 1% |