PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Belmont National Bank

Wheeling, WV · Cert 14043

FDIC

Q1 2005

$291.0MAssets
$168.5MLoans
$226.6MDeposits
$28.0MEquity
Loan mix
82%RE $63.4M18%C&I $13.7M0%Consumer $0.1MQ1 2004Q1 2005
Deposit mix
85%Interest-bearing $193.1M15%Noninterest $33.5MQ1 2004Q1 2005

NIM

5.03%Q1 ’034.97%Q1 ’045.03%Q1 ’05+12%+0%

Non-interest income vs. expense

3.45%Q1 ’033.18%Q1 ’043.26%Q1 ’05-11%+6%

Executive Summary

  • Earnings: ROA of 0.83%, down 6 bps year over year; NIM at 3.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.14%.
  • Funding: loans stand at 74.35% of deposits as of Q1 2005.

Financial Results

Return on Assets (YTD, annualized)

0.83%-6 bps YoY

Net Interest Margin (YTD, annualized)

3.50%+1 bps YoY

Efficiency Ratio (YTD, annualized)

73.52%+265 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets0.89%0.89%0.90%0.94%0.83%-6 bps
Return on Equity8.19%8.64%8.90%9.41%8.65%+46 bps
Net Interest Margin3.49%3.37%3.45%3.48%3.50%+1 bps
Efficiency Ratio70.87%73.67%74.56%74.75%73.52%+265 bps
Non-Interest Burden2.18%2.24%2.33%2.36%2.32%+14 bps
Growth
Asset Growth (YoY)6.69%2.14%-0.13%0.85%-4.60%-1,129 bps
Loan Growth (YoY)23.75%24.94%18.45%10.98%1.04%-2,271 bps
Deposit Growth (YoY)0.09%-0.34%-2.48%-1.35%-1.74%-183 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.04%-0.06%-0.05%-0.15%0.14%+18 bps
Allowance / Loans1.99%1.84%1.75%1.72%1.75%-24 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital15.54%13.69%14.21%14.09%14.81%-73 bps
Equity / Assets10.78%9.24%9.69%9.50%9.61%-117 bps
Liquidity & Funding
Loans / Deposits72.31%74.47%76.04%75.13%74.35%+205 bps
Liquid Assets / Assets0.09%0.09%0.09%0.11%0.47%+37 bps
CRE / Total Capitaln/an/an/an/an/an/an/a