FNB-Southwest, National Association

Roanoke, VA · Cert 27798

FDIC

Q1 2002

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2

Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2002, the quarter ended March 31, 2002, 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.

Roanoke, VA · Cert 27798

FDIC

Q1 2002

$86.0MAssets

$58.2MLoans

$70.4MDeposits

$6.7MEquity

Loan mix

Deposit mix

Earnings: ROA of 0.43%, up 5 bps year over year; NIM at 3.47%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
Funding: loans stand at 82.68% of deposits as of Q1 2002.

Return on Assets (YTD, annualized)

0.43%+5 bps YoY

Net Interest Margin (YTD, annualized)

3.47%

Efficiency Ratio (YTD, annualized)

78.18%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	Q1 2002	YoY Δ	Trend
Earnings
Return on Assets	0.48%	0.49%	0.49%	0.39%	0.33%	0.33%	0.35%	0.43%	+5 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	5.68%	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	2.06%	3.47%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	78.45%	78.18%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	n/a	1.55%	2.66%	n/a
Growth
Asset Growth (YoY)	2.77%	1.53%	0.17%	8.23%	12.22%	12.25%	7.30%	-4.83%	-1,307 bps
Loan Growth (YoY)	18.04%	16.87%	13.23%	9.33%	5.11%	5.37%	6.49%	1.02%	-831 bps
Deposit Growth (YoY)	4.29%	1.14%	2.04%	14.04%	19.51%	14.57%	13.22%	-5.86%	-1,990 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	n/a	n/a	n/a	n/a	n/a	n/a	0.04%	0.00%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	1.35%	1.43%	n/a
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	n/a	n/a	n/a	n/a	n/a	n/a	11.21%	11.99%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	7.49%	7.84%	n/a
Liquidity & Funding
Loans / Deposits	82.69%	82.64%	83.50%	77.05%	72.73%	76.01%	78.53%	82.68%	+564 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.14%	2.42%	+242 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a