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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

6.77%Q3 ’057.20%Q3 ’067.46%Q3 ’07-3%-3%

Non-interest income vs. expense

3.04%Q3 ’053.42%Q3 ’063.51%Q3 ’07+18%+0%

Executive Summary

  • Earnings: ROA of 1.30%, down 18 bps year over year; NIM at 4.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.19%.
  • Funding: loans stand at 77.35% of deposits as of Q3 2007.

Financial Results

Return on Assets (quarter, annualized)

1.30%-18 bps YoY

Net Interest Margin (quarter, annualized)

4.38%-16 bps YoY

Efficiency Ratio (quarter, annualized)

63.87%+244 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2006Q4 2006Q1 2007Q2 2007Q3 2007YoY ΔTrend
Earnings
Return on Assets1.48%1.25%1.34%1.38%1.30%-18 bps
Return on Equity15.59%12.98%14.14%14.60%13.43%-216 bps
Net Interest Margin4.54%4.52%4.35%4.25%4.38%-16 bps
Efficiency Ratio61.44%65.39%61.70%60.48%63.87%+244 bps
Non-Interest Burden2.39%2.64%2.34%2.19%2.39%0 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 / Loans0.03%0.19%-0.18%0.05%0.19%+17 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