PackageTrendsPeer
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Southern Financial Bank

Warrenton, VA · Cert 32470

FDIC

Q1 2004

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 2004, the quarter ended March 31, 2004, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Southern Financial Bank

Warrenton, VA · Cert 32470

FDIC

Q1 2004

$1.1BAssets
$594.6MLoans
$727.3MDeposits
$113.0MEquity
Loan mix
27%RE $54.9M71%C&I $146.4M2%Consumer $5.1MQ1 2003Q1 2004
Deposit mix
85%Interest-bearing $619.1M15%Noninterest $108.2MQ1 2003Q1 2004

NIM

6.44%Q1 ’025.57%Q1 ’034.98%Q1 ’04-1%-9%

Non-interest income vs. expense

2.06%Q1 ’022.19%Q1 ’032.20%Q1 ’04-1%+10%

Executive Summary

  • Earnings: ROA of 0.16%, down 102 bps year over year; NIM at 3.84%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.79%.
  • Funding: loans stand at 81.76% of deposits as of Q1 2004.

Financial Results

Return on Assets (YTD, annualized)

0.16%-102 bps YoY

Net Interest Margin (YTD, annualized)

3.84%-37 bps YoY

Efficiency Ratio (YTD, annualized)

49.27%+539 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets1.18%1.30%1.34%1.36%0.16%-102 bps
Return on Equity12.67%13.74%14.00%14.01%1.57%-1,111 bps
Net Interest Margin4.21%3.94%3.71%3.76%3.84%-37 bps
Efficiency Ratio43.88%43.77%43.93%45.65%49.27%+539 bps
Non-Interest Burden1.48%1.34%1.28%1.38%1.63%+15 bps
Growth
Asset Growth (YoY)29.19%34.03%16.07%12.01%7.16%-2,203 bps
Loan Growth (YoY)44.87%35.17%7.61%4.32%-3.97%-4,883 bps
Deposit Growth (YoY)22.17%30.37%-6.44%-3.86%-7.51%-2,968 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.42%0.61%0.71%0.76%3.79%+337 bps
Allowance / Loans1.75%1.72%1.76%1.75%1.77%+2 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 Capital12.19%13.45%13.85%14.61%14.74%+254 bps
Equity / Assets9.16%9.70%9.75%10.28%10.28%+112 bps
Liquidity & Funding
Loans / Deposits78.74%72.96%80.37%80.32%81.76%+302 bps
Liquid Assets / Assets12.31%18.31%22.15%23.96%25.75%+1,344 bps
CRE / Total Capitaln/an/an/an/an/an/an/a