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Community Bank

Staunton, VA · Cert 30417

FDIC

Q4 2012

$467.2MAssets
$408.1MLoans
$385.1MDeposits
$52.0MEquity
Loan mix
78%RE $281.5M14%C&I $51.5M8%Consumer $28.3MQ4 2011Q4 2012
Deposit mix
90%Interest-bearing $348.3M10%Noninterest $36.8MQ4 2011Q4 2012

NIM

5.51%Q1 ’124.92%Q3 ’124.94%Q4 ’12-10%+0%

Non-interest income vs. expense

3.02%Q1 ’123.03%Q3 ’123.03%Q4 ’12-30%+30%

Executive Summary

  • Earnings: ROA of 1.19%, up 83 bps year over year; NIM at 4.40%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.12%.
  • Funding: loans stand at 105.97% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

1.19%+83 bps YoY

Net Interest Margin (quarter, annualized)

4.40%

Efficiency Ratio (quarter, annualized)

69.68%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets0.35%0.87%0.98%0.36%1.19%+83 bps
Return on Equityn/an/a9.89%3.51%11.07%n/a
Net Interest Marginn/a4.88%4.76%4.39%4.40%n/a
Efficiency Ration/a66.65%63.71%60.02%69.68%n/a
Non-Interest Burdenn/a3.37%2.86%2.37%3.08%n/a
Growth
Asset Growth (YoY)-3.67%-4.58%-4.23%-5.36%-8.41%-474 bps
Loan Growth (YoY)-6.20%-5.39%-5.96%-5.52%-9.29%-309 bps
Deposit Growth (YoY)-6.18%-1.74%-0.65%1.59%5.47%+1,165 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.19%0.80%1.73%-0.12%n/a
Allowance / Loansn/a1.64%1.50%1.52%1.44%n/a
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 Capitaln/a13.08%13.59%14.05%15.23%n/a
Equity / Assetsn/a9.70%10.03%10.32%11.12%n/a
Liquidity & Funding
Loans / Deposits123.21%120.85%119.97%115.43%105.97%-1,724 bps
Liquid Assets / Assets0.00%2.81%3.66%4.26%5.23%+523 bps
CRE / Total Capitaln/an/an/an/an/an/an/a