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Community National Bank

South Boston, VA · Cert 26425

FDIC

Q3 2006

$245.2MAssets
$151.4MLoans
$221.0MDeposits
$23.7MEquity
Deposit mix
83%Interest-bearing $183.9M17%Noninterest $37.0MQ3 2005Q3 2006

NIM

4.53%Q3 ’044.74%Q3 ’055.44%Q3 ’06-1%+8%

Non-interest income vs. expense

1.98%Q3 ’041.99%Q3 ’052.18%Q3 ’06+6%+10%

Executive Summary

  • Earnings: ROA of 0.88%, up 4 bps year over year; NIM at 2.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 68.52% of deposits as of Q3 2006.

Financial Results

Return on Assets (quarter, annualized)

0.88%+4 bps YoY

Net Interest Margin (quarter, annualized)

2.85%+22 bps YoY

Efficiency Ratio (quarter, annualized)

65.54%+81 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.84%1.10%0.79%0.98%0.88%+4 bps
Return on Equity9.47%12.03%8.35%10.38%9.22%-25 bps
Net Interest Margin2.63%2.88%2.61%3.02%2.85%+22 bps
Efficiency Ratio64.73%61.59%67.84%62.46%65.54%+81 bps
Non-Interest Burden1.55%1.56%1.62%1.74%1.71%+16 bps
Growth
Asset Growth (YoY)-1.05%-0.18%-1.16%0.07%-1.73%-68 bps
Loan Growth (YoY)12.11%4.89%1.60%-4.42%-6.68%-1,879 bps
Deposit Growth (YoY)-1.85%-0.87%-1.94%-0.49%-2.58%-73 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.00%0.01%-0.03%0.00%-1 bps
Allowance / Loans1.01%1.08%1.05%1.11%1.13%+12 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 Capital15.10%15.92%15.79%15.82%16.21%+111 bps
Equity / Assets8.90%9.33%9.50%9.39%9.68%+78 bps
Liquidity & Funding
Loans / Deposits71.52%69.27%71.25%68.52%68.52%-300 bps
Liquid Assets / Assets27.77%29.69%27.95%26.71%27.83%+6 bps
CRE / Total Capitaln/an/an/an/an/an/an/a