Quarterly Snapshot
| Metric | Q3'25 | YoY Δ | Q3'24 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.15% | +0.02 | 0.13% |
| Return on Equity (%) | ▲ | 1.39% | +0.07 | 1.32% |
| Net Interest Margin (%) | ▼ | 2.57% | -0.07 | 2.64% |
| Efficiency Ratio (%) | ▲ | 94.15% | -0.76 | 94.91% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.02 | $0 |
| Cost of Funds (%) | ▲ | 2.25% | -0.06 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $353 | -17.50 | $371 |
| Gross Loans ($M) | ▼ | $150 | -2.78 | $153 |
| Loan Growth YoY (%) | ▼ | 58.40% | -2.32 | 60.72% |
| Total Deposits ($M) | ▲ | $253 | +5.64 | $248 |
| Shareholders Equity ($M) | ▲ | $38 | +0.56 | $38 |
| Tang. Book Value ($M) | ▲ | $38 | +0.56 | $37 |
| TBV excl. AOCI ($M)** | ▲ | $44 | +0.33 | $44 |
| Loan / Deposit Ratio (%) | ▼ | 58.40% | -2.32 | 60.72% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.00% | -0.03 | 0.03% |
| Allowance / Loans (%) | — | 1.20% | -0.19% | 1.39% |
| Net Charge-Off Ratio (%) | ▲ | 0.00% | -0.07 | 0.07% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 20.22% | -0.59 | 20.81% |
Noninterest income ($0.43M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q4'23 | Q1'24 | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▆█▂▇▂ | Net Interest Margin (%) | 2.55% | 2.55% | 2.53% | 2.64% | 2.67% | 2.56% | 2.65% | 2.57% |
| ▁█▇██▇▇█ | Return on Assets (%) | -0.51% | 0.14% | 0.10% | 0.13% | 0.21% | 0.04% | 0.11% | 0.15% |
| ▁▂▅▃▂█▄▂ | Efficiency Ratio (%) | 92.6% | 94.1% | 96.0% | 94.9% | 94.0% | 99.3% | 95.8% | 94.1% |
| ▂█▆▅▆▁█▄ | Cost of Funds (%) | 2.17% | 2.43% | 2.37% | 2.31% | 2.34% | 2.08% | 2.48% | 2.25% |
| ▁▁▁▁▁██▁ | NPA / Assets (%) | 0.00% | 0.00% | 0.02% | 0.03% | 0.01% | 0.29% | 0.32% | 0.00% |
| ▁▁▁▁▁██▁ | Net Charge-Off Ratio (%) | 0.01% | 0.01% | 0.05% | 0.07% | 0.03% | 0.72% | 0.74% | 0.00% |
| ▂▁▁▇▅▆▇█ | Tang. Book Value ($M) | $36 | $36 | $35 | $37 | $37 | $37 | $37 | $38 |
| ▇██▅▄▆▁▃ | Gross Loans ($M) | $157 | $159 | $158 | $153 | $152 | $155 | $146 | $150 |
| ▇▃▆▂▁█▂▃ | Total Deposits ($M) | $270 | $250 | $266 | $248 | $238 | $279 | $244 | $253 |
Portfolio Composition — Q3'25
| Loan Mix | % |
|---|---|
| Real Estate | 87% |
| C&I / Commercial | 11% |
| Agricultural | 1% |
| Consumer | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 26% |
| Interest-Bearing (core) | 73% |
| Brokered / Other | 1% |