South Boston, VA · Cert 26425
FDIC
Q3 2006
Board Package
Performance Trends and Peer Comparison
Quarter: Q3 2006, the quarter ended September 30, 2006, on both parts.
Income statement: year to date as filed, annualized, on both parts.
Balance sheet: as filed at quarter end.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
South Boston, VA · Cert 26425
FDIC
Q3 2006
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q4 2004 | Q1 2005 | Q2 2005 | Q3 2005 | Q4 2005 | Q1 2006 | Q2 2006 | Q3 2006 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 0.83% | 0.83% | 0.89% | 0.87% | 0.93% | 0.79% | 0.88% | 0.88% | +1 bps | |
| Return on Equity | 9.94% | 9.55% | 10.13% | 9.89% | 10.43% | 8.35% | 9.39% | 9.32% | -57 bps | |
| Net Interest Margin | 2.52% | 2.59% | 2.66% | 2.65% | 2.71% | 2.61% | 2.81% | 2.84% | +19 bps | |
| Efficiency Ratio | 63.43% | 63.84% | 62.60% | 63.30% | 62.84% | 67.84% | 65.00% | 65.18% | +188 bps | |
| Non-Interest Burden | 1.40% | 1.49% | 1.49% | 1.51% | 1.53% | 1.62% | 1.68% | 1.69% | +18 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 1.14% | 1.54% | 0.77% | -1.05% | -0.18% | -1.16% | 0.07% | -1.73% | -68 bps | |
| Loan Growth (YoY) | 16.01% | 18.78% | 13.00% | 12.11% | 4.89% | 1.60% | -4.42% | -6.68% | -1,879 bps | |
| Deposit Growth (YoY) | 0.56% | 1.15% | 0.15% | -1.85% | -0.87% | -1.94% | -0.49% | -2.58% | -73 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 | 0.03% | 0.02% | 0.00% | 0.00% | 0.00% | 0.01% | -0.01% | -0.01% | -1 bps | |
| Allowance / Loans | 1.08% | 1.03% | 1.01% | 1.01% | 1.08% | 1.05% | 1.11% | 1.13% | +12 bps | |
| 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 | 15.53% | 15.45% | 15.10% | 15.10% | 15.92% | 15.79% | 15.82% | 16.21% | +111 bps | |
| Equity / Assets | 8.67% | 8.77% | 8.79% | 8.90% | 9.33% | 9.50% | 9.39% | 9.68% | +78 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 65.47% | 68.77% | 71.33% | 71.52% | 69.27% | 71.25% | 68.52% | 68.52% | -300 bps | |
| Liquid Assets / Assets | 25.76% | 31.03% | 28.36% | 27.77% | 29.69% | 27.95% | 26.71% | 27.83% | +6 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |