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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 $44.6MQ4 2004Q3 2006

Executive Summary

  • Earnings: ROA of 0.56%, up 1 bps year over year; NIM at 2.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 66.34% of deposits as of Q3 2006.

Return on Assets (YTD, annualized)

0.56%+1 bps YoY

Net Interest Margin (YTD, annualized)

2.89%+13 bps YoY

Efficiency Ratio (YTD, annualized)

73.58%-20 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

NIM

4.87%Q3 ’044.77%Q3 ’055.37%Q3 ’06-7%+5%

Non-interest income vs. expense

2.04%Q3 ’042.25%Q3 ’052.32%Q3 ’06+14%+5%

Year to date, annualized, through each quarter.

MetricQ4 2004Q1 2005Q2 2005Q3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.78%0.65%0.58%0.55%0.56%0.59%0.57%0.56%+1 bps
Return on Equity7.60%6.20%5.54%5.25%5.34%5.70%5.49%5.40%+16 bps
Net Interest Margin2.99%2.91%2.83%2.76%2.82%2.88%2.90%2.89%+13 bps
Efficiency Ratio64.95%70.40%72.69%73.78%74.78%72.57%73.40%73.58%-20 bps
Non-Interest Burden1.81%1.95%1.97%1.96%2.03%2.01%2.07%2.06%+10 bps
Growth
Asset Growth (YoY)-3.83%-1.56%-3.18%0.87%0.07%4.76%2.28%-1.04%-191 bps
Loan Growth (YoY)5.58%3.83%3.08%1.54%-1.04%2.64%5.67%3.14%+160 bps
Deposit Growth (YoY)-4.39%-1.76%-3.68%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.10%0.01%0.03%0.08%0.03%0.02%0.00%-2 bps
Allowance / Loans1.15%1.15%1.20%1.19%1.14%1.12%1.11%1.15%-4 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital17.41%17.19%17.35%17.03%16.88%16.42%16.42%16.46%-57 bps
Equity / Assets10.56%10.51%10.51%10.29%10.59%10.05%10.30%10.44%+15 bps
Liquidity & Funding
Loans / Deposits65.61%64.54%63.71%63.47%64.91%62.94%65.71%66.34%+287 bps
Liquid Assets / Assets28.17%33.84%31.83%30.86%33.07%29.60%28.68%29.63%-123 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a