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Bank of Greenville

Greenville, WV · Cert 15866

FDIC

Q3 2002

$29.8MAssets
$16.4MLoans
$28.0MDeposits
$1.7MEquity
Deposit mix
82%Interest-bearing $23.1M18%Noninterest $4.9MQ3 2001Q3 2002

NIM

8.28%Q1 ’017.42%Q3 ’016.36%Q3 ’02-9%+36%

Non-interest income vs. expense

3.98%Q1 ’013.75%Q3 ’014.64%Q3 ’02-7%+26%

Executive Summary

  • Earnings: ROA of 0.60%, up 85 bps year over year; NIM at 4.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.25%.
  • Funding: loans stand at 58.52% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

0.60%+85 bps YoY

Net Interest Margin (quarter, annualized)

4.67%+123 bps YoY

Efficiency Ratio (quarter, annualized)

88.61%-638 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets-0.25%-2.39%0.68%1.06%0.60%+85 bps
Return on Equity-5.42%-54.15%15.56%21.17%10.84%+1,626 bps
Net Interest Margin3.44%3.12%4.51%5.39%4.67%+123 bps
Efficiency Ratio94.99%145.29%76.11%75.44%88.61%-638 bps
Non-Interest Burden3.24%4.74%3.30%3.93%4.07%+83 bps
Growth
Asset Growth (YoY)27.32%16.61%-7.69%-17.27%-19.49%-4,682 bps
Loan Growth (YoY)1.51%-5.32%-11.58%-16.74%-22.88%-2,440 bps
Deposit Growth (YoY)30.48%19.52%-6.41%-17.97%-20.35%-5,082 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.54%2.51%1.11%0.22%2.25%-30 bps
Allowance / Loans1.80%2.62%2.64%2.85%2.53%+72 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 Capital8.95%8.06%8.80%10.01%11.14%+219 bps
Equity / Assets4.67%4.15%4.61%5.44%5.67%+100 bps
Liquidity & Funding
Loans / Deposits60.44%58.82%61.99%63.07%58.52%-192 bps
Liquid Assets / Assets3.27%3.33%3.26%3.47%2.48%-79 bps
CRE / Total Capitaln/an/an/an/an/an/an/a