Harrisonburg, VA · Cert 33195
FDIC
Q2 2007
Board Package
Performance Trends and Peer Comparison
Quarter: Q2 2007, the quarter ended June 30, 2007, 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.
Harrisonburg, VA · Cert 33195
FDIC
Q2 2007
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 | Q3 2005 | Q4 2005 | Q1 2006 | Q2 2006 | Q3 2006 | Q4 2006 | Q1 2007 | Q2 2007 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.33% | 1.35% | 1.17% | 1.18% | 1.26% | 1.30% | 1.14% | 1.15% | -4 bps | |
| Return on Equity | 14.68% | 15.06% | 13.28% | 13.42% | 12.04% | 11.65% | 8.51% | 8.39% | -502 bps | |
| Net Interest Margin | 3.90% | 3.73% | 3.86% | 3.87% | 3.05% | 3.22% | 3.82% | 3.88% | +1 bps | |
| Efficiency Ratio | 54.79% | 54.40% | 58.02% | 58.10% | 57.60% | 56.19% | 56.96% | 57.42% | -68 bps | |
| Non-Interest Burden | 1.96% | 1.85% | 2.06% | 2.07% | 1.64% | 1.68% | 2.04% | 2.12% | +4 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | 24.38% | 25.73% | 17.20% | 18.26% | 65.14% | 63.54% | 59.80% | 51.94% | +3,368 bps | |
| Loan Growth (YoY) | 23.66% | 22.33% | 15.58% | 18.21% | 57.51% | 54.99% | 52.99% | 41.91% | +2,371 bps | |
| Deposit Growth (YoY) | 23.89% | 22.59% | 17.89% | 17.63% | 57.92% | 60.59% | 50.71% | 45.77% | +2,813 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 | 0.03% | 0.02% | -0.01% | 0.00% | 0.00% | 0.01% | -0.02% | 0.02% | +2 bps | |
| Allowance / Loans | 0.79% | 0.78% | 0.77% | 0.75% | 0.82% | 0.84% | 0.85% | 0.87% | +12 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 | 11.05% | 11.09% | 11.22% | 11.18% | 12.15% | 12.10% | 12.16% | 13.12% | +194 bps | |
| Equity / Assets | 8.73% | 8.80% | 8.84% | 8.83% | 13.57% | 13.34% | 13.56% | 14.06% | +523 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 102.29% | 104.46% | 100.55% | 101.58% | 102.02% | 100.82% | 102.07% | 98.90% | -268 bps | |
| Liquid Assets / Assets | 0.86% | 0.89% | 1.92% | 2.13% | 1.82% | 0.74% | 0.72% | 0.67% | -146 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |