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Virgin Islands Community Bank

Christiansted, VI · Cert 33964

FDIC

Q4 2007

$58.1MAssets
$21.1MLoans
$57.3MDeposits
$649KEquity
Deposit mix
63%Interest-bearing $36.2M37%Noninterest $21.1MQ4 2006Q4 2007

NIM

5.31%Q4 ’055.16%Q4 ’065.77%Q4 ’070%+13%

Non-interest income vs. expense

4.98%Q4 ’055.40%Q4 ’065.92%Q4 ’07+7%+30%

Executive Summary

  • Earnings: ROA of -0.47%, down 43 bps year over year; NIM at 5.09%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.57%.
  • Funding: loans stand at 36.79% of deposits as of Q4 2007.

Financial Results

Return on Assets (quarter, annualized)

-0.47%-43 bps YoY

Net Interest Margin (quarter, annualized)

5.09%+57 bps YoY

Efficiency Ratio (quarter, annualized)

108.29%+1,262 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets-0.03%0.52%0.39%-25.53%-0.47%-43 bps
Return on Equity-0.50%7.49%5.77%-803%-89.03%-8,852 bps
Net Interest Margin4.52%4.99%5.01%5.16%5.09%+57 bps
Efficiency Ratio95.67%89.96%91.55%122.52%108.29%+1,262 bps
Non-Interest Burden4.28%4.39%4.51%6.57%5.55%+127 bps
Growth
Asset Growth (YoY)-2.01%-12.68%-16.53%-11.14%-17.15%-1,514 bps
Loan Growth (YoY)-8.03%-5.60%-5.66%1.08%-0.41%+762 bps
Deposit Growth (YoY)-2.36%-14.45%-17.04%-6.54%-12.29%-993 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.08%0.21%-0.02%74.69%-0.57%-49 bps
Allowance / Loans1.23%1.19%1.20%0.98%1.15%-9 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 Capital27.95%29.02%25.37%8.26%8.58%-1,937 bps
Equity / Assets6.68%7.26%6.24%0.00%1.12%-556 bps
Liquidity & Funding
Loans / Deposits32.40%33.56%33.17%34.93%36.79%+439 bps
Liquid Assets / Assets0.62%3.97%3.98%2.14%2.69%+207 bps
CRE / Total Capitaln/an/an/an/an/an/an/a