Warrenton, VA · Cert 32470
FDIC
Q1 2004
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Warrenton, VA · Cert 32470
FDIC
Q1 2004
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q2 2002 | Q3 2002 | Q4 2002 | Q1 2003 | Q2 2003 | Q3 2003 | Q4 2003 | Q1 2004 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.33% | 1.32% | 1.27% | 1.18% | 1.30% | 1.34% | 1.36% | 0.16% | -102 bps | |
| Return on Equity | 13.94% | 13.75% | 13.29% | 12.67% | 13.74% | 14.00% | 14.01% | 1.57% | -1,111 bps | |
| Net Interest Margin | 4.47% | 4.01% | 3.68% | 4.21% | 3.94% | 3.71% | 3.76% | 3.84% | -37 bps | |
| Efficiency Ratio | 42.33% | 43.25% | 43.51% | 43.88% | 43.77% | 43.93% | 45.65% | 49.27% | +539 bps | |
| Non-Interest Burden | 1.55% | 1.42% | 1.30% | 1.48% | 1.34% | 1.28% | 1.38% | 1.63% | +15 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 12.66% | 26.24% | 23.83% | 29.19% | 34.03% | 16.07% | 12.01% | 7.16% | -2,203 bps | |
| Loan Growth (YoY) | 46.50% | 79.20% | 50.71% | 44.87% | 35.17% | 7.61% | 4.32% | -3.97% | -4,883 bps | |
| Deposit Growth (YoY) | 13.09% | 27.70% | 21.15% | 22.17% | 30.37% | -6.44% | -3.86% | -7.51% | -2,968 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 | 0.78% | 0.58% | 0.61% | 0.42% | 0.61% | 0.71% | 0.76% | 3.79% | +337 bps | |
| Allowance / Loans | 1.87% | 1.83% | 1.78% | 1.75% | 1.72% | 1.76% | 1.75% | 1.77% | +2 bps | |
| 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 | 13.24% | 11.85% | 12.35% | 12.19% | 13.45% | 13.85% | 14.61% | 14.74% | +254 bps | |
| Equity / Assets | 9.63% | 9.62% | 9.51% | 9.16% | 9.70% | 9.75% | 10.28% | 10.28% | +112 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 70.36% | 69.88% | 74.03% | 78.74% | 72.96% | 80.37% | 80.32% | 81.76% | +302 bps | |
| Liquid Assets / Assets | 0.82% | 0.69% | 6.63% | 12.31% | 18.31% | 22.15% | 23.96% | 25.75% | +1,344 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |