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Williamsburg National Bank

Williamsburg, KY · Cert 27547

FDIC

Q3 2007

$69.3MAssets
$47.8MLoans
$61.8MDeposits
$6.9MEquity
Deposit mix
89%Interest-bearing $55.1M11%Noninterest $6.7MQ3 2006Q3 2007

NIM

6.64%Q3 ’057.05%Q3 ’067.19%Q3 ’07-2%-9%

Non-interest income vs. expense

2.93%Q3 ’053.34%Q3 ’063.22%Q3 ’07+21%-5%

Executive Summary

  • Earnings: ROA of 1.34%, down 14 bps year over year; NIM at 4.23%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 77.35% of deposits as of Q3 2007.

Financial Results

Return on Assets (YTD, annualized)

1.34%-14 bps YoY

Net Interest Margin (YTD, annualized)

4.23%-41 bps YoY

Efficiency Ratio (YTD, annualized)

62.07%+255 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets1.48%1.42%1.34%1.36%1.34%-14 bps
Return on Equity15.64%14.98%14.14%14.35%13.99%-164 bps
Net Interest Margin4.63%4.59%4.35%4.26%4.23%-41 bps
Efficiency Ratio59.52%60.96%61.70%61.09%62.07%+255 bps
Non-Interest Burden2.36%2.43%2.34%2.25%2.26%-11 bps
Growth
Asset Growth (YoY)-0.43%1.42%2.97%5.68%7.20%+763 bps
Loan Growth (YoY)0.64%2.55%7.40%3.42%7.77%+713 bps
Deposit Growth (YoY)-0.50%1.03%2.55%4.71%6.63%+713 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.06%-0.18%-0.07%0.02%+1 bps
Allowance / Loans2.23%2.17%2.16%2.19%2.03%-20 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 Capital18.10%17.59%16.92%17.63%17.33%-76 bps
Equity / Assets9.73%9.51%9.45%9.47%9.89%+16 bps
Liquidity & Funding
Loans / Deposits76.53%75.42%76.43%73.21%77.35%+82 bps
Liquid Assets / Assets0.01%0.01%0.01%0.01%0.01%+1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a