Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | -0.18% | -0.21 | 0.03% |
| Return on Equity (%) | ▼ | -1.58% | -1.95 | 0.37% |
| Net Interest Margin (%) | ▼ | 1.92% | -0.18 | 2.10% |
| Efficiency Ratio (%) | ▼ | 106.90% | +3.18 | 103.72% |
| Pre-Provision Profit ($M) | ▼ | $-0 | -0.01 | $-0 |
| Cost of Funds (%) | ▲ | 2.55% | -0.26 | 2.80% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $100 | +6.15 | $94 |
| Gross Loans ($M) | ▲ | $79 | +1.56 | $77 |
| Loan Growth YoY (%) | ▼ | 111.17% | -7.18 | 118.35% |
| Total Deposits ($M) | ▲ | $70 | +5.58 | $65 |
| Shareholders Equity ($M) | ▲ | $11 | +3.53 | $8 |
| Tang. Book Value ($M) | ▲ | $10 | +3.32 | $7 |
| Loan / Deposit Ratio (%) | ▼ | 111.17% | -7.18 | 118.35% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.27% | +0.90 | 0.37% |
| Allowance / Loans (%) | — | 0.64% | 0.01% | 0.64% |
| Net Charge-Off Ratio (%) | ▼ | 1.62% | +1.17 | 0.45% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 21.30% | +6.25 | 15.05% |
Noninterest income ($0.09M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▂▇███▄ | Net Interest Margin (%) | 1.77% | 1.85% | 1.86% | 2.10% | 2.16% | 2.12% | 2.13% | 1.92% |
| ▂▁▁▆▅▆█▁ | Return on Assets (%) | -0.14% | -0.15% | -0.18% | 0.03% | -0.02% | 0.02% | 0.11% | -0.18% |
| ▇▇█▄▄▃▁▅ | Efficiency Ratio (%) | 111.0% | 110.9% | 113.6% | 103.7% | 103.2% | 101.5% | 96.3% | 106.9% |
| ██▇▄▄▃▁▁ | Cost of Funds (%) | 3.21% | 3.18% | 3.10% | 2.80% | 2.80% | 2.72% | 2.62% | 2.55% |
| ▁▁▁▁▁▂██ | NPA / Assets (%) | 0.35% | 0.34% | 0.41% | 0.37% | 0.35% | 0.51% | 1.29% | 1.27% |
| ▁▁▁▁▁▂█▇ | Net Charge-Off Ratio (%) | 0.47% | 0.45% | 0.50% | 0.45% | 0.42% | 0.68% | 1.80% | 1.62% |
| ▁▂▃▄▄███ | Tang. Book Value ($M) | $5 | $6 | $6 | $7 | $7 | $10 | $10 | $10 |
| ▆█▅▆▆▄▁▇ | Gross Loans ($M) | $77 | $80 | $76 | $77 | $77 | $76 | $72 | $79 |
| ▁█▂▂▁▆▅█ | Total Deposits ($M) | $64 | $71 | $65 | $65 | $64 | $69 | $67 | $70 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 6% |
| Interest-Bearing (core) | 71% |
| Brokered / Other | 23% |