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Central Virginia Bank

Powhatan, VA · Cert 21225

FDIC

Q4 2013

$346.7MAssets
$141.5MLoans
$308.6MDeposits
$34.7MEquity
Loan mix
89%RE $114.4M9%C&I $11.3M2%Consumer $3.2MQ4 2012Q4 2013
Deposit mix
88%Interest-bearing $270.6M12%Noninterest $38.0MQ4 2012Q4 2013

NIM

4.30%Q4 ’113.69%Q4 ’120.96%Q4 ’13-5%-65%

Non-interest income vs. expense

3.09%Q4 ’113.15%Q4 ’120.80%Q4 ’13+2%-75%

Executive Summary

  • Earnings: ROA of 0.17%, up 1 bps year over year; NIM at 0.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 45.85% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

0.17%+1 bps YoY

Net Interest Margin (YTD, annualized)

0.90%-169 bps YoY

Efficiency Ratio (YTD, annualized)

72.81%-2,088 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.17%10.11%-0.17%-0.59%0.17%+1 bps
Return on Equity3.62%2.34%-3.79%-14.17%3.33%-29 bps
Net Interest Margin2.59%2.33%2.20%2.21%0.90%-169 bps
Efficiency Ratio93.68%96.55%100.68%112.05%72.81%-2,088 bps
Non-Interest Burden2.38%2.23%2.22%2.57%0.60%-177 bps
Growth
Asset Growth (YoY)-2.07%-0.82%-2.84%-4.00%-10.27%-821 bps
Loan Growth (YoY)-13.24%-12.50%-13.38%-13.63%-27.33%-1,409 bps
Deposit Growth (YoY)-2.68%-1.43%-2.01%-2.65%-4.91%-223 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.49%0.56%1.12%1.12%0.00%-250 bps
Allowance / Loans3.68%3.71%3.61%3.76%0.02%-366 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 Capital11.12%11.66%12.14%11.75%12.99%+186 bps
Equity / Assets4.89%4.82%3.71%3.13%10.02%+512 bps
Liquidity & Funding
Loans / Deposits59.99%57.22%56.06%54.44%45.85%-1,414 bps
Liquid Assets / Assets0.78%0.60%1.05%0.77%0.13%-64 bps
CRE / Total Capitaln/an/an/an/an/an/an/a