Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 0.12% | -0.01 | 0.14% |
| Return on Equity (%) | ▼ | 1.31% | -0.15 | 1.46% |
| Net Interest Margin (%) | ▲ | 2.60% | +0.21 | 2.39% |
| Efficiency Ratio (%) | ▲ | 96.27% | -3.75 | 100.02% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.26 | $-0 |
| Cost of Funds (%) | ▼ | 1.96% | +0.01 | 1.94% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $864 | +30.79 | $833 |
| Gross Loans ($M) | ▲ | $617 | +6.42 | $610 |
| Loan Growth YoY (%) | ▼ | 80.79% | -1.39 | 82.19% |
| Total Deposits ($M) | ▲ | $757 | +22.20 | $735 |
| Shareholders Equity ($M) | ▲ | $82 | +3.41 | $79 |
| Tang. Book Value ($M) | ▲ | $79 | +3.41 | $76 |
| TBV excl. AOCI ($M)** | ▲ | $88 | +4.14 | $84 |
| Loan / Deposit Ratio (%) | ▼ | 80.79% | -1.39 | 82.19% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.93% | -0.66 | 1.59% |
| Allowance / Loans (%) | — | 0.76% | -0.21% | 0.97% |
| Net Charge-Off Ratio (%) | ▲ | 0.22% | -1.95 | 2.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | — | 0.00% | 0.00 | 0.00% |
Noninterest income ($1.56M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▅████ | Net Interest Margin (%) | 2.12% | 2.13% | 2.18% | 2.39% | 2.57% | 2.56% | 2.57% | 2.60% |
| ▂█▂▆▁█▇▆ | Return on Assets (%) | 0.02% | 0.20% | 0.04% | 0.14% | -0.01% | 0.17% | 0.17% | 0.12% |
| ██▇▄▁▁▁▂ | Efficiency Ratio (%) | 107.5% | 106.5% | 105.3% | 100.0% | 93.5% | 93.3% | 93.4% | 96.3% |
| ▆██▁▁▂▂▁ | Cost of Funds (%) | 2.04% | 2.08% | 2.09% | 1.94% | 1.95% | 1.97% | 1.97% | 1.96% |
| ▅▇█▇▄▁▁▁ | NPA / Assets (%) | 1.41% | 1.58% | 1.75% | 1.59% | 1.30% | 0.90% | 0.87% | 0.93% |
| ▇███▆▁▁▁ | Net Charge-Off Ratio (%) | 1.94% | 2.17% | 2.38% | 2.17% | 1.79% | 0.15% | 0.15% | 0.22% |
| ▁▆▂▄▅▇██ | Tang. Book Value ($M) | $73 | $77 | $74 | $76 | $76 | $78 | $79 | $79 |
| ▁▄▅▅▅▆█▆ | Gross Loans ($M) | $591 | $605 | $609 | $610 | $609 | $614 | $626 | $617 |
| ▁▁▄▅▄▅█▇ | Total Deposits ($M) | $710 | $704 | $732 | $735 | $728 | $743 | $766 | $757 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 99% |
| C&I / Commercial | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 17% |
| Interest-Bearing (core) | 62% |
| Brokered / Other | 21% |