Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.12% | -0.07 | 0.18% |
| Return on Equity (%) | ▼ | 1.33% | -1.15 | 2.48% |
| Net Interest Margin (%) | ▲ | 3.10% | +0.44 | 2.66% |
| Efficiency Ratio (%) | ▼ | 96.16% | +1.36 | 94.80% |
| Pre-Provision Profit ($M) | ▼ | $0 | -0.04 | $0 |
| Cost of Funds (%) | ▲ | 1.83% | -0.37 | 2.20% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $253 | -23.02 | $276 |
| Gross Loans ($M) | ▼ | $176 | -26.34 | $202 |
| Loan Growth YoY (%) | ▼ | 78.60% | -6.61 | 85.21% |
| Total Deposits ($M) | ▼ | $221 | -13.73 | $235 |
| Shareholders Equity ($M) | ▲ | $22 | +1.49 | $21 |
| Tang. Book Value ($M) | ▲ | $19 | +1.20 | $18 |
| TBV excl. AOCI ($M)** | ▲ | $20 | +1.15 | $19 |
| Loan / Deposit Ratio (%) | ▼ | 78.60% | -6.61 | 85.21% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.36% | +0.11 | 0.25% |
| Allowance / Loans (%) | — | 1.20% | 0.16% | 1.04% |
| Net Charge-Off Ratio (%) | ▼ | 0.52% | +0.18 | 0.34% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 14.09% | +1.88 | 12.21% |
Noninterest income ($0.84M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▆▇▇█ | Net Interest Margin (%) | 2.25% | 2.32% | 2.40% | 2.66% | 2.85% | 2.89% | 2.97% | 3.10% |
| ▁█▅▃███▂ | Return on Assets (%) | 0.00% | 0.59% | 0.40% | 0.18% | 0.61% | 0.65% | 0.65% | 0.12% |
| █▁▃▆▁▁▁▇ | Efficiency Ratio (%) | 99.1% | 85.7% | 89.6% | 94.8% | 85.5% | 85.0% | 84.9% | 96.2% |
| █▆▆▄▁▁▁▁ | Cost of Funds (%) | 2.79% | 2.54% | 2.44% | 2.20% | 1.92% | 1.93% | 1.84% | 1.83% |
| ▁▂▃▄▅▅█▇ | NPA / Assets (%) | 0.08% | 0.14% | 0.18% | 0.25% | 0.27% | 0.26% | 0.42% | 0.36% |
| ▁▃▃▅▅▅█▇ | Net Charge-Off Ratio (%) | 0.02% | 0.19% | 0.24% | 0.34% | 0.37% | 0.36% | 0.61% | 0.52% |
| ▁▅▄▃▅▇█▇ | Tang. Book Value ($M) | $16 | $18 | $18 | $18 | $18 | $19 | $19 | $19 |
| █▇▆▅▄▃▂▁ | Gross Loans ($M) | $219 | $213 | $207 | $202 | $193 | $189 | $185 | $176 |
| ▆█▇▄▁▂▃▁ | Total Deposits ($M) | $245 | $257 | $251 | $235 | $225 | $227 | $233 | $221 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 96% |
| C&I / Commercial | 3% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 32% |
| Interest-Bearing (core) | 59% |
| Brokered / Other | 9% |