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Mountain National Bank

Galax, VA · Cert 34198

FDIC

Q3 2006

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: Q3 2006, the quarter ended September 30, 2006, 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

Mountain National Bank

Galax, VA · Cert 34198

FDIC

Q3 2006

$240.5MAssets
$138.8MLoans
$223.7MDeposits
$16.2MEquity
Deposit mix
87%Interest-bearing $195.6M13%Noninterest $28.1MQ3 2005Q3 2006

NIM

4.28%Q3 ’044.31%Q3 ’055.08%Q3 ’06-7%+6%

Non-interest income vs. expense

1.57%Q3 ’041.62%Q3 ’051.69%Q3 ’06+7%+4%

Executive Summary

  • Earnings: ROA of 0.69%, up 5 bps year over year; NIM at 2.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.02%.
  • Funding: loans stand at 62.03% of deposits as of Q3 2006.

Financial Results

Return on Assets (YTD, annualized)

0.69%+5 bps YoY

Net Interest Margin (YTD, annualized)

2.32%+13 bps YoY

Efficiency Ratio (YTD, annualized)

65.21%-95 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.64%0.59%0.68%0.71%0.69%+5 bps
Return on Equity9.38%8.76%10.12%10.46%10.18%+79 bps
Net Interest Margin2.19%2.21%2.30%2.37%2.32%+13 bps
Efficiency Ratio66.16%68.11%65.17%64.59%65.21%-95 bps
Non-Interest Burden1.36%1.42%1.40%1.44%1.42%+6 bps
Growth
Asset Growth (YoY)3.12%3.91%3.42%1.80%3.70%+58 bps
Loan Growth (YoY)11.51%16.88%15.56%14.80%12.82%+131 bps
Deposit Growth (YoY)3.04%3.97%3.38%1.70%3.67%+63 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.04%0.04%0.02%0.02%-3 bps
Allowance / Loans1.36%1.32%1.27%1.27%1.24%-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 Capital13.50%13.25%12.97%13.21%12.97%-53 bps
Equity / Assets6.74%6.75%6.78%6.86%6.74%0 bps
Liquidity & Funding
Loans / Deposits57.00%59.09%61.00%61.84%62.03%+503 bps
Liquid Assets / Assets29.76%31.21%29.34%28.19%28.38%-137 bps
CRE / Total Capitaln/an/an/an/an/an/an/a