Bank of Tidewater, The

Virginia Beach, VA · Cert 26318

FDIC

Q3 2001

$283.1MAssets

$159.9MLoans

$252.4MDeposits

$22.0MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 1.17%, down 15 bps year over year; NIM at 4.23%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
Funding: loans stand at 63.36% of deposits as of Q3 2001.

Return on Assets (YTD, annualized)

1.17%-15 bps YoY

Net Interest Margin (YTD, annualized)

4.23%

Efficiency Ratio (YTD, annualized)

72.98%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	1.17%	1.12%	1.22%	1.32%	1.37%	1.24%	1.17%	1.17%	-15 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	4.89%	4.62%	4.23%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	72.15%	73.13%	72.98%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	2.86%	2.71%	2.44%	n/a
Growth
Asset Growth (YoY)	4.65%	2.24%	0.85%	4.01%	7.19%	14.84%	26.02%	19.63%	+1,562 bps
Loan Growth (YoY)	7.57%	1.14%	8.43%	17.13%	17.04%	32.10%	29.71%	18.73%	+160 bps
Deposit Growth (YoY)	4.79%	3.54%	1.95%	3.95%	7.51%	13.81%	26.24%	19.04%	+1,509 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	-0.04%	-0.01%	0.01%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	1.16%	1.15%	1.21%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	12.10%	11.61%	12.05%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	7.97%	7.23%	7.77%	n/a
Liquidity & Funding
Loans / Deposits	61.97%	57.77%	59.85%	63.53%	67.46%	67.05%	61.50%	63.36%	-16 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.95%	1.37%	2.86%	+286 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a