Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.51% | -0.48 | 0.99% |
| Return on Equity (%) | ▼ | 7.36% | -10.32 | 17.68% |
| Net Interest Margin (%) | ▲ | 3.95% | +0.46 | 3.48% |
| Efficiency Ratio (%) | ▼ | 84.29% | +10.95 | 73.34% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.22 | $0 |
| Cost of Funds (%) | ▲ | 1.51% | -0.32 | 1.83% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $136 | +1.67 | $134 |
| Gross Loans ($M) | ▲ | $75 | +5.50 | $69 |
| Loan Growth YoY (%) | ▲ | 59.34% | +4.53 | 54.81% |
| Total Deposits ($M) | ▼ | $125 | -0.28 | $125 |
| Shareholders Equity ($M) | ▲ | $9 | +1.05 | $8 |
| Tang. Book Value ($M) | ▲ | $9 | +1.05 | $8 |
| TBV excl. AOCI ($M)** | ▲ | $11 | +0.79 | $11 |
| Loan / Deposit Ratio (%) | ▲ | 59.34% | +4.53 | 54.81% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.61% | +0.33 | 0.28% |
| Allowance / Loans (%) | — | 1.02% | -0.09% | 1.11% |
| Net Charge-Off Ratio (%) | ▼ | 0.97% | +0.68 | 0.29% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.36M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▂▄▄▅█ | Net Interest Margin (%) | 3.41% | 3.45% | 3.51% | 3.48% | 3.64% | 3.66% | 3.72% | 3.95% |
| ▂▂▃█▁▂▁▃ | Return on Assets (%) | 0.35% | 0.42% | 0.44% | 0.99% | 0.24% | 0.39% | 0.28% | 0.51% |
| ███▁▄▅▆▅ | Efficiency Ratio (%) | 91.1% | 89.3% | 89.5% | 73.3% | 81.2% | 83.9% | 86.3% | 84.3% |
| ▅▆█▆▃▂▃▁ | Cost of Funds (%) | 1.76% | 1.78% | 1.94% | 1.83% | 1.67% | 1.59% | 1.62% | 1.51% |
| ▂▇▁▁▂▂▆█ | NPA / Assets (%) | 0.35% | 0.57% | 0.28% | 0.28% | 0.34% | 0.35% | 0.52% | 0.61% |
| ▃█▁▁▃▃▇█ | Net Charge-Off Ratio (%) | 0.48% | 0.89% | 0.27% | 0.29% | 0.47% | 0.49% | 0.84% | 0.97% |
| ▁▄▁▆▆███ | Tang. Book Value ($M) | $6 | $8 | $7 | $8 | $8 | $9 | $10 | $9 |
| ▂▃▁▁▁▆██ | Gross Loans ($M) | $70 | $71 | $70 | $69 | $70 | $73 | $75 | $75 |
| ▁▁▁▅▄█▅▅ | Total Deposits ($M) | $122 | $122 | $122 | $125 | $124 | $128 | $125 | $125 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 66% |
| C&I / Commercial | 4% |
| Consumer | 31% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 11% |