PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bank of Tidewater, The

Virginia Beach, VA · Cert 26318

FDIC

Q3 2001

$283.1MAssets
$159.9MLoans
$252.4MDeposits
$22.0MEquity
Loan mix
55%RE $36.3M43%C&I $28.4M2%Consumer $1.3MQ3 2000Q3 2001
Deposit mix
66%Interest-bearing $165.5M34%Noninterest $86.9MQ3 2000Q3 2001

NIM

7.31%Q1 ’016.82%Q2 ’016.21%Q3 ’01-5%-10%

Non-interest income vs. expense

5.25%Q1 ’015.45%Q2 ’014.95%Q3 ’01-4%-15%

Executive Summary

  • Earnings: ROA of 1.14%, down 19 bps year over year; NIM at 4.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 63.36% of deposits as of Q3 2001.

Financial Results

Return on Assets (quarter, annualized)

1.14%-19 bps YoY

Net Interest Margin (quarter, annualized)

4.18%

Efficiency Ratio (quarter, annualized)

72.70%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets1.32%1.37%1.24%1.11%1.14%-19 bps
Return on Equityn/an/an/a14.61%15.15%n/a
Net Interest Marginn/an/a4.89%4.65%4.18%n/a
Efficiency Ration/an/a72.15%74.04%72.70%n/a
Non-Interest Burdenn/an/a2.86%2.74%2.32%n/a
Growth
Asset Growth (YoY)4.01%7.19%14.84%26.02%19.63%+1,562 bps
Loan Growth (YoY)17.13%17.04%32.10%29.71%18.73%+160 bps
Deposit Growth (YoY)3.95%7.51%13.81%26.24%19.04%+1,509 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a-0.04%0.02%0.03%n/a
Allowance / Loansn/an/a1.16%1.15%1.21%n/a
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 Capitaln/an/a12.10%11.61%12.05%n/a
Equity / Assetsn/an/a7.97%7.23%7.77%n/a
Liquidity & Funding
Loans / Deposits63.53%67.46%67.05%61.50%63.36%-16 bps
Liquid Assets / Assets0.00%0.00%0.95%1.37%2.86%+286 bps
CRE / Total Capitaln/an/an/an/an/an/an/a