Fredericksburg State Bank

Fredericksburg, VA · Cert 30123

FDIC

Q2 2001

$520.0MAssets

$449.4MLoans

$381.6MDeposits

$119.4MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of -1.05%, down 259 bps year over year; NIM at -2.91%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
Funding: loans stand at 117.79% of deposits as of Q2 2001.

Return on Assets (quarter, annualized)

-1.05%-259 bps YoY

Net Interest Margin (quarter, annualized)

-2.91%

Efficiency Ratio (quarter, annualized)

n/a

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q3 1999	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	YoY Δ	Trend
Earnings
Return on Assets	1.67%	1.66%	1.53%	1.53%	1.53%	1.52%	1.08%	-1.05%	-259 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	-4.49%	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	3.03%	-2.91%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	45.29%	n/a	n/a	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	n/a	1.36%	-1.30%	n/a
Growth
Asset Growth (YoY)	9.70%	-3.09%	-1.25%	0.89%	0.72%	-3.52%	-1.91%	-0.13%	-102 bps
Loan Growth (YoY)	0.62%	2.59%	5.22%	6.65%	7.93%	5.46%	5.14%	2.54%	-411 bps
Deposit Growth (YoY)	-4.51%	-4.05%	1.17%	1.73%	2.43%	2.39%	3.46%	5.05%	+332 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	0.00%	0.00%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	1.26%	2.11%	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	40.70%	36.09%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	23.92%	22.96%	n/a
Liquidity & Funding
Loans / Deposits	115.06%	116.54%	118.35%	120.68%	121.24%	120.03%	120.27%	117.79%	-288 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.38%	8.36%	+836 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a