PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Virginia Savings Bank, F.S.B.

Front Royal, VA · Cert 32039

FDIC

Q1 2012

$132.9MAssets
$84.6MLoans
$120.2MDeposits
$12.1MEquity
Loan mix
94%RE $69.2M4%C&I $3.0M1%Consumer $1.1MQ1 2011Q1 2012
Deposit mix
94%Interest-bearing $112.7M6%Noninterest $7.5MQ1 2011Q1 2012

NIM

Non-interest income vs. expense

Executive Summary

  • Earnings: ROA of 0.31%, down 31 bps year over year; NIM at 3.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
  • Funding: loans stand at 70.37% of deposits as of Q1 2012.

Financial Results

Return on Assets (YTD, annualized)

0.31%-31 bps YoY

Net Interest Margin (YTD, annualized)

3.32%

Efficiency Ratio (YTD, annualized)

84.77%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2011Q2 2011Q3 2011Q4 2011Q1 2012YoY ΔTrend
Earnings
Return on Assets0.62%0.63%0.58%0.41%0.31%-31 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/an/an/an/a3.32%n/an/a
Efficiency Ration/an/an/an/a84.77%n/an/a
Non-Interest Burdenn/an/an/an/a2.70%n/an/a
Growth
Asset Growth (YoY)0.29%-1.69%0.57%0.65%2.75%+246 bps
Loan Growth (YoY)-6.39%-6.06%-7.70%-7.45%-6.36%+3 bps
Deposit Growth (YoY)-0.10%-2.41%0.14%0.48%2.46%+256 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/an/a0.26%n/an/a
Allowance / Loansn/an/an/an/a1.05%n/an/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/an/an/an/a16.11%n/an/a
Equity / Assetsn/an/an/an/a9.12%n/an/a
Liquidity & Funding
Loans / Deposits77.00%77.20%74.38%73.97%70.37%-663 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%18.70%+1,870 bps
CRE / Total Capitaln/an/an/an/an/an/an/a