North Carolina VA Employees

Winston Salem, NC · Charter 208

Q2 2000

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: Q2 2000, the quarter ended June 30, 2000, on both parts.

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

Balance sheet: as filed at quarter end.

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Winston Salem, NC · Charter 208

Q2 2000

$5.2MAssets

$2.5MLoans

$4.5MShares

n/aNet Worth

Return on Assets (YTD, annualized)

0.31%-261 bps YoY

Net Interest Margin (YTD, annualized)

3.89%

Efficiency Ratio (YTD, annualized)

89.99%

Net Worth / Assets

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1996	Q2 1997	Q4 1997	Q2 1998	Q4 1998	Q2 1999	Q4 1999	Q2 2000	YoY Δ	Trend
Earnings
Return on Assets	3.07%	3.03%	3.07%	2.92%	2.95%	2.47%	0.34%	0.31%	-261 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	3.90%	3.89%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	91.64%	89.99%	n/a
Growth
Asset Growth (YoY)	-12.07%	-8.90%	-9.05%	-15.01%	-10.47%	-6.90%	-9.70%	-7.42%	+759 bps
Loan Growth (YoY)	1.55%	-20.47%	-26.63%	-30.51%	-36.49%	-31.36%	-20.03%	-10.04%	+2,047 bps
Share Growth (YoY)	-14.50%	-10.64%	-10.85%	-17.53%	-12.64%	-8.48%	-11.87%	-4.15%	+1,338 bps
Asset Quality
Delinquent Loans / Loans	0.60%	2.22%	1.35%	1.44%	1.79%	1.68%	2.15%	1.72%	+28 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	0.52%	0.85%	0.82%	0.70%	0.89%	0.70%	0.70%	0.89%	+19 bps
Capital
Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Worth / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquidity & Funding
Loans / Shares	71.95%	62.94%	59.85%	59.02%	52.30%	47.21%	54.31%	55.39%	-363 bps
Liquid Assets / Assets	29.57%	42.24%	45.15%	44.70%	47.62%	55.23%	33.93%	22.87%	-2,183 bps