PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Community Bank of Northern Virginia

Sterling, VA · Cert 33583

FDIC

Q1 2005

$888.5MAssets
$673.4MLoans
$650.7MDeposits
$59.8MEquity
Loan mix
52%RE $59.9M47%C&I $54.3M0%Consumer $0.4MQ1 2004Q1 2005
Deposit mix
80%Interest-bearing $522.4M20%Noninterest $128.3MQ1 2004Q1 2005

NIM

6.00%Q1 ’035.49%Q1 ’045.46%Q1 ’05-5%-8%

Non-interest income vs. expense

2.11%Q1 ’032.05%Q1 ’042.50%Q1 ’05+10%+24%

Executive Summary

  • Earnings: ROA of 0.59%, down 63 bps year over year; NIM at 3.50%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.32%.
  • Funding: loans stand at 103.49% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

0.59%-63 bps YoY

Net Interest Margin (quarter, annualized)

3.50%-29 bps YoY

Efficiency Ratio (quarter, annualized)

66.50%+1,558 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets1.21%0.80%1.16%1.09%0.59%-63 bps
Return on Equity17.13%11.95%17.92%16.17%8.65%-848 bps
Net Interest Margin3.79%3.58%3.66%3.54%3.50%-29 bps
Efficiency Ratio50.92%47.00%46.68%47.93%66.50%+1,558 bps
Non-Interest Burden1.81%1.57%1.55%1.54%2.24%+43 bps
Growth
Asset Growth (YoY)17.30%21.83%23.32%12.80%7.50%-980 bps
Loan Growth (YoY)30.87%30.18%26.81%16.94%16.67%-1,419 bps
Deposit Growth (YoY)17.52%17.79%14.62%9.24%0.81%-1,672 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.13%0.03%0.90%1.44%0.32%+18 bps
Allowance / Loans1.14%1.36%1.23%1.03%1.02%-12 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 Capital11.94%11.35%10.95%10.86%10.69%-125 bps
Equity / Assets7.03%6.36%6.62%6.86%6.73%-30 bps
Liquidity & Funding
Loans / Deposits89.42%92.68%103.20%101.31%103.49%+1,408 bps
Liquid Assets / Assets5.17%4.09%3.53%3.56%3.67%-150 bps
CRE / Total Capitaln/an/an/an/an/an/an/a