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Peoples National Bank

Danville, VA · Cert 22371

FDIC

Q3 2006

$363.3MAssets
$213.9MLoans
$322.5MDeposits
$37.9MEquity
Deposit mix
86%Interest-bearing $277.8M14%Noninterest $44.6MQ3 2005Q3 2006

NIM

4.88%Q3 ’044.81%Q3 ’055.40%Q3 ’06-10%+4%

Non-interest income vs. expense

2.07%Q3 ’042.25%Q3 ’052.27%Q3 ’06+10%+1%

Executive Summary

  • Earnings: ROA of 0.54%, up 6 bps year over year; NIM at 2.79%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.03%.
  • Funding: loans stand at 66.34% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

0.54%+6 bps YoY

Net Interest Margin (quarter, annualized)

2.79%+11 bps YoY

Efficiency Ratio (quarter, annualized)

73.97%-211 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.48%0.59%0.59%0.54%0.54%+6 bps
Return on Equity4.65%5.64%5.70%5.29%5.22%+57 bps
Net Interest Margin2.67%2.80%2.88%2.94%2.79%+11 bps
Efficiency Ratio76.07%77.72%72.57%74.23%73.97%-211 bps
Non-Interest Burden1.97%2.09%2.01%2.12%1.99%+2 bps
Growth
Asset Growth (YoY)0.87%0.07%4.76%2.28%-1.04%-191 bps
Loan Growth (YoY)1.54%-1.04%2.64%5.67%3.14%+160 bps
Deposit Growth (YoY)0.87%0.03%5.24%2.45%-1.33%-219 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.24%0.03%0.02%-0.03%-9 bps
Allowance / Loans1.19%1.14%1.12%1.11%1.15%-4 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 Capital17.03%16.88%16.42%16.42%16.46%-57 bps
Equity / Assets10.29%10.59%10.05%10.30%10.44%+15 bps
Liquidity & Funding
Loans / Deposits63.47%64.91%62.94%65.71%66.34%+287 bps
Liquid Assets / Assets30.86%33.07%29.60%28.68%29.63%-123 bps
CRE / Total Capitaln/an/an/an/an/an/an/a