First Virginia Bank - Southwest

Roanoke, VA · Cert 20877

FDIC

Q3 2003

$1.5BAssets

$695.2MLoans

$1.0BDeposits

$379.9MEquity

Loan mix

Deposit mix

NIM

Earnings: ROA of -1.76%, down 309 bps year over year; NIM at -4.25%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.08%.
Funding: loans stand at 67.18% of deposits as of Q3 2003.

Return on Assets (quarter, annualized)

-1.76%-309 bps YoY

Net Interest Margin (quarter, annualized)

-4.25%-868 bps YoY

Efficiency Ratio (quarter, annualized)

81.93%+2,128 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q3 2002	Q4 2002	Q1 2003	Q2 2003	Q3 2003	YoY Δ	Trend
Earnings
Return on Assets	1.33%	1.30%	1.21%	1.24%	-1.76%	-309 bps
Return on Equity	19.17%	19.36%	18.87%	18.56%	-10.76%	-2,992 bps
Net Interest Margin	4.43%	4.30%	4.09%	4.03%	-4.25%	-868 bps
Efficiency Ratio	60.65%	61.11%	61.79%	61.84%	81.93%	+2,128 bps
Non-Interest Burden	2.36%	2.29%	2.22%	2.17%	-1.65%	-401 bps
Growth
Asset Growth (YoY)	2.12%	0.92%	1.83%	1.33%	4.50%	+238 bps
Loan Growth (YoY)	-3.58%	-6.82%	-7.27%	-8.16%	-19.15%	-1,557 bps
Deposit Growth (YoY)	1.51%	-0.63%	0.26%	0.72%	-15.91%	-1,742 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.15%	0.10%	0.05%	0.09%	-0.08%	-22 bps
Allowance / Loans	1.11%	1.11%	1.11%	1.11%	1.11%	0 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	13.04%	12.10%	12.60%	13.69%	16.88%	+384 bps
Equity / Assets	7.14%	6.33%	6.50%	6.86%	25.60%	+1,846 bps
Liquidity & Funding
Loans / Deposits	69.88%	67.94%	66.90%	64.94%	67.18%	-270 bps
Liquid Assets / Assets	26.50%	28.20%	29.70%	33.39%	0.00%	-2,650 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a