Quarterly Snapshot
| Metric | Q3'25 | YoY Δ | Q3'24 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.24% | +0.05 | 1.18% |
| Return on Equity (%) | ▼ | 9.75% | -1.12 | 10.87% |
| Net Interest Margin (%) | ▲ | 4.21% | +0.03 | 4.18% |
| Efficiency Ratio (%) | ▲ | 74.23% | -0.05 | 74.28% |
| Pre-Provision Profit ($M) | ▼ | $1 | -0.13 | $1 |
| Cost of Funds (%) | ▼ | 0.35% | +0.02 | 0.33% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $293 | -6.13 | $299 |
| Gross Loans ($M) | ▼ | $179 | -9.31 | $188 |
| Loan Growth YoY (%) | ▼ | 69.96% | -1.65 | 71.61% |
| Total Deposits ($M) | ▼ | $252 | -6.81 | $259 |
| Shareholders Equity ($M) | ▲ | $40 | +4.06 | $36 |
| Tang. Book Value ($M) | ▲ | $37 | +4.28 | $33 |
| TBV excl. AOCI ($M)** | ▲ | $40 | +3.46 | $37 |
| Loan / Deposit Ratio (%) | ▼ | 69.96% | -1.65 | 71.61% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.18% | -0.06 | 0.24% |
| Allowance / Loans (%) | — | 1.38% | -0.08% | 1.46% |
| Net Charge-Off Ratio (%) | ▲ | 0.29% | -0.09 | 0.38% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 24.82% | +3.15 | 21.67% |
Noninterest income ($1.54M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q4'23 | Q1'24 | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▃▆█▁▆█ | Net Interest Margin (%) | 4.12% | 4.11% | 4.14% | 4.18% | 4.20% | 4.12% | 4.18% | 4.21% |
| █▇▃▃▁█▅▄ | Return on Assets (%) | 1.43% | 1.41% | 1.18% | 1.18% | 1.08% | 1.46% | 1.29% | 1.24% |
| ▁▃▇▆█▄▅▆ | Efficiency Ratio (%) | 67.6% | 71.1% | 74.8% | 74.3% | 77.2% | 71.4% | 73.5% | 74.2% |
| ▁▅▆▆▆▇██ | Cost of Funds (%) | 0.26% | 0.31% | 0.33% | 0.33% | 0.33% | 0.34% | 0.36% | 0.35% |
| ▂█▇▇▁▁▄▃ | NPA / Assets (%) | 0.17% | 0.26% | 0.24% | 0.24% | 0.14% | 0.14% | 0.18% | 0.18% |
| ▃██▇▁▁▄▃ | Net Charge-Off Ratio (%) | 0.29% | 0.41% | 0.39% | 0.38% | 0.24% | 0.22% | 0.30% | 0.29% |
| ▁▁▂▄▄▆▇█ | Tang. Book Value ($M) | $29 | $30 | $31 | $33 | $33 | $35 | $36 | $37 |
| ▆█▇▆▅▅▄▁ | Gross Loans ($M) | $188 | $192 | $189 | $188 | $187 | $187 | $185 | $179 |
| █▅▅▂▅▂▂▁ | Total Deposits ($M) | $282 | $269 | $270 | $259 | $267 | $259 | $256 | $252 |
Portfolio Composition — Q3'25
| Loan Mix | % |
|---|---|
| Real Estate | 93% |
| C&I / Commercial | 5% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 43% |
| Interest-Bearing (core) | 55% |
| Brokered / Other | 2% |