Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.67% | -0.46 | 1.14% |
| Return on Equity (%) | ▼ | 6.31% | -5.42 | 11.73% |
| Net Interest Margin (%) | ▼ | 4.12% | -0.01 | 4.13% |
| Efficiency Ratio (%) | ▼ | 85.00% | +9.54 | 75.46% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.25 | $1 |
| Cost of Funds (%) | ▲ | 1.95% | -0.52 | 2.48% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $199 | -2.38 | $201 |
| Gross Loans ($M) | ▲ | $122 | +1.28 | $120 |
| Loan Growth YoY (%) | ▲ | 72.74% | +4.95 | 67.80% |
| Total Deposits ($M) | ▼ | $165 | -10.15 | $175 |
| Shareholders Equity ($M) | ▲ | $21 | +0.95 | $20 |
| Tang. Book Value ($M) | ▲ | $21 | +0.95 | $20 |
| TBV excl. AOCI ($M)** | ▲ | $24 | +1.13 | $23 |
| Loan / Deposit Ratio (%) | ▲ | 72.74% | +4.95 | 67.80% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.16% | +0.54 | 0.63% |
| Allowance / Loans (%) | — | 1.47% | -0.02% | 1.48% |
| Net Charge-Off Ratio (%) | ▼ | 1.39% | +0.86 | 0.53% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 17.40% | +0.14 | 17.25% |
Noninterest income ($0.30M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▂▁▇▇█▆▇ | Net Interest Margin (%) | 3.88% | 3.95% | 3.87% | 4.13% | 4.12% | 4.19% | 4.09% | 4.12% |
| ▄▅▅▇▇█▇▁ | Return on Assets (%) | 0.94% | 1.05% | 0.99% | 1.14% | 1.17% | 1.28% | 1.16% | 0.67% |
| ▃▁▁▂▂▁▂█ | Efficiency Ratio (%) | 77.5% | 74.6% | 74.5% | 75.5% | 75.2% | 73.4% | 75.4% | 85.0% |
| ▅█▇▆▄▄▃▁ | Cost of Funds (%) | 2.36% | 2.72% | 2.58% | 2.48% | 2.28% | 2.26% | 2.20% | 1.95% |
| ▃▃▃▃▁▂█▇ | NPA / Assets (%) | 0.65% | 0.64% | 0.65% | 0.63% | 0.33% | 0.51% | 1.41% | 1.16% |
| ▃▃▃▃▁▂█▇ | Net Charge-Off Ratio (%) | 0.56% | 0.54% | 0.56% | 0.53% | 0.00% | 0.28% | 1.79% | 1.39% |
| ▁▄▃▅▆███ | Tang. Book Value ($M) | $19 | $20 | $20 | $20 | $21 | $21 | $22 | $21 |
| █▇█▁▂▄▃▁ | Gross Loans ($M) | $139 | $136 | $137 | $120 | $123 | $128 | $125 | $122 |
| ███▇▁▂▆▄ | Total Deposits ($M) | $179 | $182 | $182 | $175 | $153 | $159 | $171 | $165 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 50% |
| C&I / Commercial | 49% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 14% |
| Interest-Bearing (core) | 79% |
| Brokered / Other | 7% |