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Virginia Commerce Bank

Arlington, VA · Cert 27249

FDIC

Q4 2013

$2.7BAssets
$2.1BLoans
$2.1BDeposits
$302.2MEquity
Loan mix
84%RE $1.2B15%C&I $0.2B1%Consumer $0.0BQ4 2012Q4 2013
Deposit mix
77%Interest-bearing $1.6B23%Noninterest $0.5BQ4 2012Q4 2013

NIM

4.81%Q4 ’114.38%Q4 ’124.26%Q4 ’13-3%-1%

Non-interest income vs. expense

2.09%Q4 ’112.22%Q4 ’121.83%Q4 ’13+4%-13%

Executive Summary

  • Earnings: ROA of 1.25%, up 5 bps year over year; NIM at 3.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.64%.
  • Funding: loans stand at 99.18% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

1.25%+5 bps YoY

Net Interest Margin (quarter, annualized)

3.67%-6 bps YoY

Efficiency Ratio (quarter, annualized)

46.84%-708 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets1.20%1.04%1.22%1.23%1.25%+5 bps
Return on Equity10.49%9.79%11.37%11.04%11.11%+62 bps
Net Interest Margin3.73%3.76%3.77%3.85%3.67%-6 bps
Efficiency Ratio53.93%56.51%46.75%48.16%46.84%-708 bps
Non-Interest Burden1.83%1.97%1.60%1.71%1.59%-24 bps
Growth
Asset Growth (YoY)-3.91%-2.40%-6.00%-8.27%-2.79%+111 bps
Loan Growth (YoY)0.61%2.17%-2.13%-4.74%-6.04%-665 bps
Deposit Growth (YoY)-1.95%-2.34%-3.17%-5.15%-7.56%-561 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.20%0.48%0.63%0.40%0.64%+45 bps
Allowance / Loans1.94%1.91%1.92%1.99%1.88%-6 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 Capital14.08%14.42%15.11%16.19%15.71%+163 bps
Equity / Assets10.63%10.63%10.83%11.43%11.02%+39 bps
Liquidity & Funding
Loans / Deposits97.58%100.02%97.80%97.69%99.18%+160 bps
Liquid Assets / Assets0.64%3.24%3.68%3.98%4.09%+345 bps
CRE / Total Capitaln/an/an/an/an/an/an/a