PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First Virginia Bank

Falls Church, VA · Cert 17092

FDIC

Q3 2003

$5.5BAssets
$2.6BLoans
$4.0BDeposits
$1.2BEquity
Loan mix
53%RE $321.1M45%C&I $275.8M2%Consumer $13.9MQ3 2002Q3 2003
Deposit mix
74%Interest-bearing $3.0B26%Noninterest $1.0BQ3 2002Q3 2003

NIM

6.54%Q3 ’015.69%Q3 ’020.89%Q3 ’03-1%-83%

Non-interest income vs. expense

2.75%Q3 ’012.56%Q3 ’020.81%Q3 ’03-11%-62%

Executive Summary

  • Earnings: ROA of 0.19%, down 203 bps year over year; NIM at 0.78%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.11%.
  • Funding: loans stand at 65.93% of deposits as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

0.19%-203 bps YoY

Net Interest Margin (YTD, annualized)

0.78%-382 bps YoY

Efficiency Ratio (YTD, annualized)

70.58%+2,787 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets2.23%2.20%2.10%1.94%0.19%-203 bps
Return on Equity31.21%31.32%30.85%28.72%1.78%-2,943 bps
Net Interest Margin4.61%4.49%4.29%4.18%0.78%-382 bps
Efficiency Ratio42.71%42.75%43.20%44.09%70.58%+2,787 bps
Non-Interest Burden1.18%1.15%0.98%1.05%0.45%-73 bps
Growth
Asset Growth (YoY)12.60%11.50%8.84%6.99%27.25%+1,464 bps
Loan Growth (YoY)1.90%0.34%-4.24%-5.36%-0.89%-279 bps
Deposit Growth (YoY)14.35%12.95%11.66%8.99%7.61%-674 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.26%0.29%0.29%0.50%0.11%-15 bps
Allowance / Loans1.11%1.11%1.11%1.11%1.11%0 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 Capital11.47%10.36%10.76%10.05%10.97%-50 bps
Equity / Assets7.64%6.56%7.09%6.62%21.11%+1,347 bps
Liquidity & Funding
Loans / Deposits71.58%67.14%65.06%63.30%65.93%-566 bps
Liquid Assets / Assets24.62%26.97%29.30%33.29%0.00%-2,462 bps
CRE / Total Capitaln/an/an/an/an/an/an/a