Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | -0.33% | +0.14 | -0.48% |
| Return on Equity (%) | ▲ | -5.91% | +3.74 | -9.65% |
| Net Interest Margin (%) | ▲ | 2.93% | +0.26 | 2.67% |
| Efficiency Ratio (%) | ▲ | 115.22% | -8.06 | 123.28% |
| Pre-Provision Profit ($M) | ▲ | $-1 | +0.38 | $-1 |
| Cost of Funds (%) | ▲ | 1.73% | -0.38 | 2.11% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $436 | -45.45 | $482 |
| Gross Loans ($M) | ▼ | $198 | -12.64 | $211 |
| Loan Growth YoY (%) | ▲ | 70.07% | +5.16 | 64.91% |
| Total Deposits ($M) | ▼ | $280 | -41.21 | $321 |
| Shareholders Equity ($M) | ▲ | $25 | +0.63 | $24 |
| Tang. Book Value ($M) | ▲ | $17 | +1.21 | $16 |
| TBV excl. AOCI ($M)** | ▼ | $27 | -0.36 | $27 |
| Loan / Deposit Ratio (%) | ▲ | 70.07% | +5.16 | 64.91% |
| Credit Quality | ||||
| NPA / Total Assets (%) | — | 0.08% | 0.00 | 0.08% |
| Allowance / Loans (%) | — | 0.95% | -0.11% | 1.06% |
| Net Charge-Off Ratio (%) | ▲ | 0.17% | -0.01 | 0.18% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 9.88% | +0.70 | 9.19% |
Noninterest income ($1.25M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅▅▆▆█ | Net Interest Margin (%) | 2.30% | 2.36% | 2.38% | 2.67% | 2.67% | 2.72% | 2.75% | 2.93% |
| ▇▇▁▅▆▇█▆ | Return on Assets (%) | -0.29% | -0.26% | -0.90% | -0.48% | -0.40% | -0.28% | -0.14% | -0.33% |
| ▄▂▂█▄▂▁▄ | Efficiency Ratio (%) | 114.9% | 112.8% | 112.5% | 123.3% | 116.4% | 111.4% | 109.6% | 115.2% |
| ██▇▅▃▃▁▁ | Cost of Funds (%) | 2.44% | 2.45% | 2.32% | 2.11% | 1.96% | 1.96% | 1.82% | 1.73% |
| █▁▁▁▁▁▁▁ | NPA / Assets (%) | 0.11% | 0.07% | 0.08% | 0.08% | 0.08% | 0.08% | 0.07% | 0.08% |
| █▁▁▁▁▂▁▁ | Net Charge-Off Ratio (%) | 0.25% | 0.17% | 0.17% | 0.18% | 0.18% | 0.19% | 0.17% | 0.17% |
| ▇█▁▂▁▂▄▄ | Tang. Book Value ($M) | $19 | $20 | $16 | $16 | $15 | $17 | $17 | $17 |
| █▇▆▃▃▁▁▁ | Gross Loans ($M) | $233 | $225 | $223 | $211 | $207 | $198 | $201 | $198 |
| ███▇▅▄▄▁ | Total Deposits ($M) | $334 | $330 | $331 | $321 | $311 | $306 | $301 | $280 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 94% |
| C&I / Commercial | 5% |
| Consumer | 1% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 42% |
| Interest-Bearing (core) | 52% |
| Brokered / Other | 6% |