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Commonwealth Bank, The

Richmond, VA · Cert 26663

FDIC

Q1 2003

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2003, the quarter ended March 31, 2003, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Commonwealth Bank, The

Richmond, VA · Cert 26663

FDIC

Q1 2003

$151.1MAssets
$114.2MLoans
$119.1MDeposits
$8.6MEquity
Deposit mix
57%Interest-bearing $68.2M43%Noninterest $50.9MQ1 2002Q1 2003

NIM

8.36%Q1 ’016.03%Q1 ’025.63%Q1 ’03-21%+13%

Non-interest income vs. expense

4.05%Q1 ’013.16%Q1 ’022.82%Q1 ’03-19%-4%

Executive Summary

  • Earnings: ROA of 0.88%, up 34 bps year over year; NIM at 4.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
  • Funding: loans stand at 95.93% of deposits as of Q1 2003.

Financial Results

Return on Assets (YTD, annualized)

0.88%+34 bps YoY

Net Interest Margin (YTD, annualized)

4.24%+49 bps YoY

Efficiency Ratio (YTD, annualized)

60.66%-1,128 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets0.54%0.65%0.79%0.81%0.88%+34 bps
Return on Equity6.80%8.91%11.36%11.89%14.89%+809 bps
Net Interest Margin3.75%3.56%3.67%3.49%4.24%+49 bps
Efficiency Ratio71.94%67.48%63.15%62.61%60.66%-1,128 bps
Non-Interest Burden2.52%2.23%2.13%2.01%2.41%-11 bps
Growth
Asset Growth (YoY)37.01%40.08%54.13%53.21%52.03%+1,502 bps
Loan Growth (YoY)41.08%51.98%43.10%50.52%40.44%-64 bps
Deposit Growth (YoY)29.84%38.65%47.97%42.17%43.11%+1,328 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.08%-0.16%-0.04%0.10%-0.02%+7 bps
Allowance / Loans1.01%1.04%1.04%1.02%1.07%+7 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 Capital11.30%10.47%10.28%10.12%9.57%-172 bps
Equity / Assets7.52%6.41%6.17%6.17%5.69%-183 bps
Liquidity & Funding
Loans / Deposits97.75%88.84%91.63%99.93%95.93%-182 bps
Liquid Assets / Assets1.96%0.99%4.62%4.23%0.58%-138 bps
CRE / Total Capitaln/an/an/an/an/an/an/a