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Terra Alta Bank, The

Terra Alta, WV · Cert 15339

FDIC

Q3 2005

$75.2MAssets
$54.4MLoans
$62.5MDeposits
$7.5MEquity
Loan mix
83%RE $31.2M17%C&I $6.4M0%Consumer $0.2MQ4 2003Q3 2005
Deposit mix
80%Interest-bearing $49.9M20%Noninterest $12.7MQ4 2003Q3 2005

Executive Summary

  • Earnings: ROA of 1.15%, down 3 bps year over year; NIM at 3.86%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Funding: loans stand at 86.99% of deposits as of Q3 2005.

Return on Assets (quarter, annualized)

1.15%-3 bps YoY

Net Interest Margin (quarter, annualized)

3.86%-4 bps YoY

Efficiency Ratio (quarter, annualized)

53.85%-44 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

5.80%Q3 ’035.73%Q3 ’045.91%Q3 ’05+2%-1%

Non-interest income vs. expense

2.61%Q3 ’032.40%Q3 ’042.44%Q3 ’05-6%-6%

Discrete quarter, annualized.

MetricQ4 2003Q1 2004Q2 2004Q3 2004Q4 2004Q1 2005Q2 2005Q3 2005YoY ΔTrend
Earnings
Return on Assets0.62%1.24%0.96%1.18%0.91%1.16%1.12%1.15%-3 bps
Return on Equity6.05%12.03%9.24%11.43%8.87%11.42%11.14%11.48%+5 bps
Net Interest Margin4.07%4.00%3.72%3.90%3.84%3.75%3.89%3.86%-4 bps
Efficiency Ratio80.03%55.97%58.68%54.29%60.28%57.18%54.83%53.85%-44 bps
Non-Interest Burden3.13%1.99%1.93%1.88%2.14%1.91%1.87%1.76%-12 bps
Growth
Asset Growth (YoY)1.38%1.51%4.31%5.63%5.81%6.28%5.64%3.80%-182 bps
Loan Growth (YoY)20.33%19.49%13.22%19.71%11.01%9.29%12.45%1.42%-1,830 bps
Deposit Growth (YoY)1.16%2.06%4.75%4.66%5.51%6.45%4.73%3.12%-155 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%0.15%0.00%0.23%0.33%0.03%-0.01%0.08%-15 bps
Allowance / Loans0.92%0.97%1.06%0.97%0.96%1.04%1.10%1.16%+19 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital17.85%18.13%18.61%17.72%17.47%17.64%17.43%17.73%+1 bps
Equity / Assets10.14%10.51%10.23%10.41%10.19%10.04%9.99%10.01%-40 bps
Liquidity & Funding
Loans / Deposits83.28%84.02%80.99%88.45%87.62%86.26%86.96%86.99%-146 bps
Liquid Assets / Assets0.50%1.00%0.50%0.52%0.51%0.53%0.62%0.58%+7 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a