PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Commonwealth Bank, The

Richmond, VA · Cert 26663

FDIC

Q1 2003

$151.1MAssets
$114.2MLoans
$119.1MDeposits
$8.6MEquity
Loan mix
56%RE $20.2M44%C&I $16.0M0%Consumer $0.1MQ2 2001Q1 2003
Deposit mix
57%Interest-bearing $68.2M43%Noninterest $50.9MQ2 2001Q1 2003

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.

Return on Assets (quarter, annualized)

0.88%+34 bps YoY

Net Interest Margin (quarter, annualized)

4.24%+49 bps YoY

Efficiency Ratio (quarter, annualized)

60.66%-1,128 bps YoY

Tier 1 Leverage Ratio

n/a
n/a

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%

Discrete quarter, annualized.

MetricQ2 2001Q3 2001Q4 2001Q1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets0.54%0.63%0.96%0.54%0.76%1.01%0.82%0.88%+34 bps
Return on Equity6.15%7.52%11.43%6.80%10.98%16.11%13.36%14.89%+809 bps
Net Interest Margin4.25%3.71%3.51%3.75%3.80%4.41%4.37%4.24%+49 bps
Efficiency Ratio74.56%72.54%69.68%71.94%63.47%56.46%61.39%60.66%-1,128 bps
Non-Interest Burden2.94%2.41%2.13%2.52%2.23%2.26%2.49%2.41%-11 bps
Growth
Asset Growth (YoY)52.14%29.11%36.99%37.01%40.08%54.13%53.21%52.03%+1,502 bps
Loan Growth (YoY)40.31%42.86%33.10%41.08%51.98%43.10%50.52%40.44%-64 bps
Deposit Growth (YoY)52.32%26.74%33.41%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%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%-0.04%1.03%-0.08%-0.24%0.16%0.52%-0.02%+7 bps
Allowance / Loans1.22%1.16%1.00%1.01%1.04%1.04%1.02%1.07%+7 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/an/an/an/a
Total Risk-Based Capital13.69%12.30%12.12%11.30%10.47%10.28%10.12%9.57%-172 bps
Equity / Assets8.20%8.48%8.39%7.52%6.41%6.17%6.17%5.69%-183 bps
Liquidity & Funding
Loans / Deposits81.04%94.75%94.39%97.75%88.84%91.63%99.93%95.93%-182 bps
Liquid Assets / Assets4.72%4.80%6.01%1.96%0.99%4.62%4.23%0.58%-138 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a