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Virginia Bank and Trust Company

Danville, VA · Cert 16414

FDIC · 7 branches

Q3 2020

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2020, the quarter ended September 30, 2020, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Virginia Bank and Trust Company

Danville, VA · Cert 16414

FDIC · 7 branches

Q3 2020

$236.5MAssets
$161.2MLoans
$207.0MDeposits
$24.6MEquity
Loan mix
61%RE $89.3M28%C&I $40.7M12%Consumer $17.4MQ3 2019Q3 2020
Deposit mix
58%Interest-bearing $120.3M42%Noninterest $86.7MQ3 2019Q3 2020

NIM

4.24%Q3 ’184.00%Q3 ’193.56%Q3 ’20-7%-12%

Non-interest income vs. expense

3.68%Q3 ’183.12%Q3 ’192.76%Q3 ’20-10%-16%

Executive Summary

  • Earnings: ROA of 0.80%, down 14 bps year over year; NIM at 3.39%.
  • Asset quality: problem loans at 0.16% of loans (+2 bps YoY), with net charge-offs at 0.32%.
  • Capital: tier 1 leverage ratio of 10.96%, down 67 bps from a year ago.
  • Funding: loans stand at 77.84% of deposits as of Q3 2020.

Financial Results

Return on Assets (YTD, annualized)

0.80%-14 bps YoY

Net Interest Margin (YTD, annualized)

3.39%-44 bps YoY

Efficiency Ratio (YTD, annualized)

70.00%-199 bps YoY

Tier 1 Leverage Ratio

10.96%-67 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2019Q4 2019Q1 2020Q2 2020Q3 2020YoY ΔTrend
Earnings
Return on Assets0.95%0.91%1.07%0.79%0.80%-14 bps
Return on Equity8.07%7.83%9.68%7.27%7.49%-58 bps
Net Interest Margin3.83%3.87%3.78%3.44%3.39%-44 bps
Efficiency Ratio71.99%72.33%69.17%69.81%70.00%-199 bps
Non-Interest Burden2.62%2.65%2.41%2.23%2.21%-41 bps
Growth
Asset Growth (YoY)14.02%13.49%8.22%20.12%6.83%-719 bps
Loan Growth (YoY)4.92%5.32%2.25%8.89%10.76%+584 bps
Deposit Growth (YoY)14.75%14.46%8.35%22.57%7.17%-758 bps
Asset Quality
Nonperforming Loans / Loans0.14%0.13%0.18%0.13%0.16%+2 bps
Net Charge-Offs / Loans0.18%0.15%0.02%0.43%0.32%+14 bps
Allowance / Loans0.75%0.80%0.83%0.74%0.75%0 bps
Allowance Coverage of NPLs5.5x6.4x4.5x5.5x4.7x-0.7x
Capital
Tier 1 Leverage Ratio11.63%11.78%11.95%11.12%10.96%-67 bps
Total Risk-Based Capital18.68%18.35%19.10%18.69%18.29%-38 bps
Equity / Assets11.01%10.97%11.23%10.40%10.40%-60 bps
Liquidity & Funding
Loans / Deposits75.32%78.49%79.21%78.67%77.84%+252 bps
Liquid Assets / Assets17.15%13.67%11.05%9.99%12.83%-432 bps
CRE / Total Capitaln/an/an/an/an/an/an/a