First National Digital Currency Bank, N.A.: Profitability Analysis
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As of 3Q26, from the Call Report income statement (Schedule RI), balance sheet (Schedule RC) and quarterly averages (Schedule RC-K).
In 3Q26, net income of $40K for the quarter was a return on assets of 1.59%. Return on equity is not shown because the prior quarter's equity is not served. Each line below is the quarter's amount times four over average assets of $10.1M; income adds to the return and expense takes from it.
Return on assets, line by line, 3Q26
The income statement for the quarter, each line as a share of average assets. The contributions add up to return on assets.
| Line | Effect on net income | Of average assets | Contribution to return on assets | Source |
|---|---|---|---|---|
| Net interest income | +$47K | 1.87% | +1.87% | RIAD4074 |
| Noninterest income | +$16K | 0.64% | +0.64% | RIAD4079 |
| Noninterest expense | -$16K | 0.64% | -0.64% | RIAD4093 |
| Pre-provision net revenue | +$47K | +1.87% | net interest income plus noninterest income less noninterest expense | |
| Provision for credit losses | +$0 | 0.00% | -0.00% | RIADJJ33 |
| Realized gains on securities | +$0 | 0.00% | +0.00% | RIAD3521, RIAD3196 |
| Other items before tax | +$0 | 0.00% | +0.00% | RIADHT70 (remainder) |
| Income before taxes | +$47K | +1.87% | RIAD4301 | |
| Income taxes | -$7K | 0.28% | -0.28% | RIAD4302 |
| Discontinued operations less noncontrolling interests | +$0 | 0.00% | +0.00% | RIADFT28, RIADG103 (remainder) |
| Net income: return on assets | +$40K | +1.59% | RIAD4340 |
From return on assets to return on equity
| Return on assets | 1.59% | net income $40K x 4 / average assets $10.1M |
|---|---|---|
| Times: average assets to average equity | — | $10.1M / average equity — (the mean of — and $10.0M at the two quarter ends) |
| Return on equity | — | not available |
The same return on equity in three factors
| Net income to revenue (how much of each dollar of revenue is kept) | 63.49% | $40K / revenue $63K |
|---|---|---|
| Times: revenue to average assets (how hard the assets work) | 2.50% | revenue x 4 / $10.1M |
| Times: average assets to average equity (leverage) | — | as above |
| Return on equity | — | the product of the three |
Revenue is net interest income plus noninterest income. Income taxes were 14.89% of income before taxes. The lines add up to net income as filed. Return on assets equal the published figures on our bank pages.
1 quarters against the asset-tier median
| Quarter | ROE | ROA | Efficiency | Tier median ROE | Tier median ROA | Tier median Efficiency |
|---|---|---|---|---|---|---|
| 3Q26 | — | 1.59% | 25.40% | 8.78% | 1.03% | 68.28% |
These are the published figures on our bank pages. A dash means not reported for that quarter, or withheld because it falls outside a plausible range (for example, return on equity over negative equity). Tier medians are the served benchmark for banks in the same asset tier.
Against similar banks, 3Q26
| Bank | Assets | ROE | ROA | Assets / equity | NII / AA | Fee income / AA | Expense / AA | Provision / AA | PPNR / AA | NI / revenue |
|---|---|---|---|---|---|---|---|---|---|---|
| First National Digital Currency Bank, N.A. (this bank) | — | 1.59% | — | 1.87% | 0.64% | 0.64% | 0.00% | 1.87% | 63.49% | |
| Key National Trust Company of Delaware | $9.9M | 6.60% | 6.49% | 1.02x | 0.08% | 18.82% | 10.36% | 0.00% | 8.54% | 34.33% |
| New Covenant Trust Company, N.A. | $9.9M | 21.32% | 20.91% | 1.02x | 1.92% | 94.42% | 67.45% | 0.00% | 28.89% | 21.70% |
| Security National Trust Co. | $9.8M | 44.93% | 51.91% | 0.87x | 4.27% | 158.34% | 110.70% | 0.00% | 51.91% | 31.92% |
| Alvarez & Marsal Trust Company, N.A. | $9.8M | -3.90% | -3.69% | 1.06x | 8.10% | 1.32% | 12.64% | 0.00% | -3.21% | -39.15% |
| Neuberger Berman Trust Company of Delaware N.A. | $9.5M | 3.74% | 3.46% | 1.08x | 1.97% | 219.87% | 215.93% | 0.00% | 5.91% | 1.56% |
| Onesource Virtual Trust Bank, N.A. | $9.4M | — | 1.84% | — | 2.44% | 0.00% | 0.09% | 0.00% | 2.36% | 75.44% |
| State Bank of Burrton | $9.2M | 4.44% | 0.44% | 10.09x | 4.76% | 0.22% | 4.54% | 0.00% | 0.44% | 8.85% |
| The Trust Company of Toledo, N.A. | $11.0M | 101.39% | 90.96% | 1.11x | 3.05% | 168.62% | 80.72% | 0.00% | 90.96% | 52.98% |
| Liberty Bank, Inc. | $11.2M | -28.72% | -9.63% | 2.98x | 0.49% | 0.67% | 19.02% | 0.00% | -17.86% | -827.27% |
| Peer 25th percentile | 1.83% | 0.44% | 1.02x | 1.92% | 0.67% | 10.36% | 0.00% | 0.44% | 1.56% | |
| Peer median | 5.52% | 3.46% | 1.07x | 2.44% | 18.82% | 19.02% | 0.00% | 5.91% | 21.70% | |
| Peer 75th percentile | 27.23% | 20.91% | 1.58x | 4.27% | 158.34% | 80.72% | 0.00% | 28.89% | 34.33% | |
| This bank's percentile | — | 33 | — | 22 | 22 | 11 | 50 | 33 | 89 |
Every bank in this table, this one included, is measured the same way for 3Q26: each income statement line for the quarter times four over its Schedule RC-K average assets. AA is average assets; PPNR is pre-provision net revenue. The percentile places this bank in the peer range, 0 the lowest and 100 the highest; for an expense or the provision, lower is better. Similar banks are the nearest banks by size in the same asset tier.
Source: FFIEC Call Report Schedule RI (income statement, for the single quarter), Schedule RC (equity capital) and Schedule RC-K (average total assets), as filed. Ratios are annualized as the quarter times four. The same figures are in the API at /api/v1/banks/6057323/profitability-analysis/ and in the Excel workbook. Next: the income tab, the net interest margin analysis, the credit quality analysis, the peer analysis, or the full profile.