Virginia Beach, VA · Cert 27322
FDIC
Q4 2007
Board Package
Performance Trends and Peer Comparison
Quarter: Q4 2007, the quarter ended December 31, 2007, 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.
Virginia Beach, VA · Cert 27322
FDIC
Q4 2007
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 | Q1 2006 | Q2 2006 | Q3 2006 | Q4 2006 | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.05% | 0.73% | 0.85% | 0.90% | -0.26% | -0.20% | -0.90% | -0.77% | -166 bps | |
| Return on Equity | 6.14% | 4.36% | 5.14% | 5.43% | -1.60% | -1.25% | -5.59% | -4.76% | -1,019 bps | |
| Net Interest Margin | 3.07% | 2.97% | 2.95% | 2.89% | 2.54% | 2.54% | 2.42% | 2.35% | -55 bps | |
| Efficiency Ratio | 62.55% | 74.65% | 70.18% | 68.70% | 110.23% | 107.19% | 135.91% | 130.14% | +6,144 bps | |
| Non-Interest Burden | 1.48% | 1.92% | 1.70% | 1.60% | 2.96% | 2.82% | 3.72% | 3.36% | +176 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 7.54% | 10.02% | 8.68% | 8.72% | 5.16% | 0.64% | 2.58% | 3.43% | -529 bps | |
| Loan Growth (YoY) | 9.58% | 12.06% | 9.51% | 8.01% | 5.47% | -0.77% | 1.18% | 3.42% | -458 bps | |
| Deposit Growth (YoY) | 23.80% | 19.71% | 7.19% | 2.55% | -2.00% | -12.35% | -7.45% | -8.02% | -1,057 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 | 0.02% | 0.01% | 0.00% | 0.03% | -0.01% | 0.05% | 0.04% | 0.12% | +9 bps | |
| Allowance / Loans | 0.76% | 0.69% | 0.71% | 0.68% | 0.72% | 0.71% | 0.76% | 0.79% | +11 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 | 11.52% | 10.49% | 10.92% | 11.18% | 11.19% | 10.59% | 10.00% | 10.74% | -44 bps | |
| Equity / Assets | 17.30% | 15.93% | 16.22% | 16.27% | 16.67% | 16.16% | 15.58% | 15.87% | -40 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 120.41% | 118.99% | 122.55% | 128.52% | 129.58% | 134.70% | 133.98% | 144.50% | +1,599 bps | |
| Liquid Assets / Assets | 0.46% | 0.52% | 0.19% | 0.18% | 0.24% | 0.20% | 0.03% | 0.07% | -11 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |