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Caroline Savings Bank

Bowling Green, VA · Cert 31673

FDIC

Q1 2002

$41.8MAssets
$33.6MLoans
$35.0MDeposits
$5.4MEquity
Deposit mix
92%Interest-bearing $32.2M8%Noninterest $2.8MQ1 2001Q1 2002

NIM

7.92%Q1 ’017.03%Q1 ’02+11%

Non-interest income vs. expense

3.65%Q1 ’014.20%Q1 ’02-5%

Executive Summary

  • Earnings: ROA of 0.84%, up 17 bps year over year; NIM at 4.34%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 96.22% of deposits as of Q1 2002.

Financial Results

Return on Assets (quarter, annualized)

0.84%+17 bps YoY

Net Interest Margin (quarter, annualized)

4.34%+43 bps YoY

Efficiency Ratio (quarter, annualized)

74.79%-703 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2001Q2 2001Q3 2001Q4 2001Q1 2002YoY ΔTrend
Earnings
Return on Assets0.67%0.52%0.56%0.92%0.84%+17 bps
Return on Equityn/a4.54%4.76%7.48%6.64%n/a
Net Interest Margin3.91%3.14%3.57%4.10%4.34%+43 bps
Efficiency Ratio81.82%78.48%76.28%71.04%74.79%-703 bps
Non-Interest Burden3.09%2.09%2.43%2.48%2.92%-17 bps
Growth
Asset Growth (YoY)0.23%4.30%0.57%-5.83%-8.48%-871 bps
Loan Growth (YoY)-0.70%-1.24%1.97%0.04%-3.34%-264 bps
Deposit Growth (YoY)5.10%5.75%6.62%-2.65%-6.76%-1,186 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.21%0.07%0.06%0.02%-5 bps
Allowance / Loans1.01%1.05%1.08%1.12%1.20%+19 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 Capital18.56%15.94%14.87%15.42%14.95%-361 bps
Equity / Assets11.73%11.40%11.98%12.53%12.88%+115 bps
Liquidity & Funding
Loans / Deposits92.80%88.75%88.32%94.90%96.22%+341 bps
Liquid Assets / Assets2.68%3.47%0.17%0.06%0.06%-263 bps
CRE / Total Capitaln/an/an/an/an/an/an/a