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Business Bank, The

Vienna, VA · Cert 23567

FDIC

Q4 2013

$333.5MAssets
$246.2MLoans
$301.4MDeposits
$30.5MEquity
Loan mix
81%RE $139.4M16%C&I $27.6M3%Consumer $5.5MQ4 2012Q4 2013
Deposit mix
68%Interest-bearing $205.9M32%Noninterest $95.5MQ4 2012Q4 2013

NIM

4.42%Q4 ’113.93%Q4 ’123.89%Q4 ’13-8%+6%

Non-interest income vs. expense

2.87%Q4 ’112.83%Q4 ’123.01%Q4 ’13-3%+6%

Executive Summary

  • Earnings: ROA of 0.29%, down 1 bps year over year; NIM at 3.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.40%.
  • Funding: loans stand at 81.68% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

0.29%-1 bps YoY

Net Interest Margin (YTD, annualized)

3.35%+18 bps YoY

Efficiency Ratio (YTD, annualized)

83.08%+12 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 Assets0.30%0.30%0.33%0.33%0.29%-1 bps
Return on Equity3.34%3.28%3.58%3.57%3.21%-13 bps
Net Interest Margin3.16%3.38%3.36%3.31%3.35%+18 bps
Efficiency Ratio82.96%81.97%81.96%81.75%83.08%+12 bps
Non-Interest Burden2.58%2.73%2.71%2.65%2.73%+15 bps
Growth
Asset Growth (YoY)4.57%1.23%3.24%-3.83%1.62%-295 bps
Loan Growth (YoY)3.53%5.95%4.78%10.40%10.50%+697 bps
Deposit Growth (YoY)4.50%1.00%3.15%-4.57%1.56%-294 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.15%-0.01%-0.02%0.17%0.40%+25 bps
Allowance / Loans1.53%1.58%1.61%1.49%1.21%-32 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 Capital14.14%14.41%14.21%13.98%13.27%-87 bps
Equity / Assets9.05%9.20%9.09%9.30%9.15%+9 bps
Liquidity & Funding
Loans / Deposits75.08%76.46%75.90%79.44%81.68%+660 bps
Liquid Assets / Assets16.40%19.90%21.85%17.57%17.33%+93 bps
CRE / Total Capitaln/an/an/an/an/an/an/a