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Letter portraitLegal landscapeQuarterYTD

Patriot Bank, National Association

Fredericksburg, VA · Cert 34201

FDIC

Q3 2006

$243.0MAssets
$151.0MLoans
$220.6MDeposits
$21.1MEquity
Deposit mix
67%Interest-bearing $147.6M33%Noninterest $73.0MQ3 2005Q3 2006

NIM

4.36%Q3 ’044.39%Q3 ’055.15%Q3 ’06-3%+11%

Non-interest income vs. expense

2.43%Q3 ’042.42%Q3 ’052.71%Q3 ’06+5%+14%

Executive Summary

  • Earnings: ROA of 0.87%, up 2 bps year over year; NIM at 3.56%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 68.44% of deposits as of Q3 2006.

Financial Results

Return on Assets (YTD, annualized)

0.87%+2 bps YoY

Net Interest Margin (YTD, annualized)

3.56%+34 bps YoY

Efficiency Ratio (YTD, annualized)

69.27%+159 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 Assets0.85%0.82%0.87%0.82%0.87%+2 bps
Return on Equity11.18%10.66%10.95%10.12%10.51%-67 bps
Net Interest Margin3.22%3.27%3.47%3.50%3.56%+34 bps
Efficiency Ratio67.68%69.64%69.12%70.65%69.27%+159 bps
Non-Interest Burden2.06%2.17%2.29%2.38%2.36%+30 bps
Growth
Asset Growth (YoY)8.09%4.11%1.46%-4.36%-6.61%-1,469 bps
Loan Growth (YoY)6.03%13.19%7.10%6.35%1.85%-418 bps
Deposit Growth (YoY)7.98%3.98%1.11%-5.17%-7.75%-1,573 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.06%-0.03%0.01%0.01%0.01%+7 bps
Allowance / Loans1.21%1.13%1.16%1.18%1.22%+1 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 Capital13.90%13.53%13.97%14.00%14.40%+50 bps
Equity / Assets7.60%7.90%8.07%8.36%8.68%+108 bps
Liquidity & Funding
Loans / Deposits61.98%68.69%67.45%68.68%68.44%+646 bps
Liquid Assets / Assets26.52%28.59%27.14%26.63%28.09%+157 bps
CRE / Total Capitaln/an/an/an/an/an/an/a