Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.48% | -1.68 | 2.16% |
| Return on Equity (%) | ▼ | 3.39% | -13.19 | 16.58% |
| Net Interest Margin (%) | ▼ | 5.85% | -1.01 | 6.86% |
| Efficiency Ratio (%) | ▼ | 57.21% | +12.12 | 45.08% |
| Pre-Provision Profit ($M) | ▼ | $3 | -1.13 | $4 |
| Cost of Funds (%) | ▼ | 3.44% | +0.07 | 3.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $361 | -7.74 | $368 |
| Gross Loans ($M) | ▼ | $308 | -31.54 | $339 |
| Loan Growth YoY (%) | ▼ | 99.77% | -9.10 | 108.87% |
| Total Deposits ($M) | ▼ | $299 | -5.51 | $305 |
| Shareholders Equity ($M) | ▲ | $52 | +3.52 | $49 |
| Tang. Book Value ($M) | ▲ | $51 | +2.76 | $48 |
| Loan / Deposit Ratio (%) | ▼ | 99.77% | -9.10 | 108.87% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 3.97% | +3.20 | 0.77% |
| Allowance / Loans (%) | — | 2.93% | 0.77% | 2.16% |
| Net Charge-Off Ratio (%) | ▼ | 4.65% | +3.82 | 0.83% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($0.94M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▇▆▅███▇▁ | Net Interest Margin (%) | 6.64% | 6.49% | 6.40% | 6.86% | 6.84% | 6.81% | 6.68% | 5.85% |
| ▂▃▃█▇▇▄▁ | Return on Assets (%) | 0.81% | 0.96% | 0.99% | 2.16% | 1.89% | 1.87% | 1.27% | 0.48% |
| ▂▂▂▁▁▁▁█ | Efficiency Ratio (%) | 47.1% | 46.7% | 47.5% | 45.1% | 44.2% | 44.8% | 44.3% | 57.2% |
| ▁▃█▃▁▇▆▄ | Cost of Funds (%) | 3.31% | 3.37% | 3.62% | 3.37% | 3.27% | 3.54% | 3.52% | 3.44% |
| ▁▁▁▁▂▁▇█ | NPA / Assets (%) | 0.78% | 0.86% | 0.74% | 0.77% | 1.28% | 0.97% | 3.42% | 3.97% |
| ▁▁▁▁▂▁▇█ | Net Charge-Off Ratio (%) | 0.86% | 1.11% | 0.81% | 0.83% | 1.38% | 1.04% | 3.81% | 4.65% |
| ▁▂▃▅▇███ | Tang. Book Value ($M) | $44 | $45 | $46 | $48 | $50 | $51 | $51 | $51 |
| ▆▁▄▅██▅▁ | Gross Loans ($M) | $349 | $313 | $333 | $339 | $364 | $357 | $337 | $308 |
| ▇█▁▂▆▄▃▁ | Total Deposits ($M) | $332 | $342 | $304 | $305 | $329 | $319 | $314 | $299 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 16% |
| C&I / Commercial | 81% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 2% |
| Interest-Bearing (core) | 14% |
| Brokered / Other | 85% |