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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

4.70%Q3 ’044.48%Q3 ’055.30%Q3 ’06-12%+12%

Non-interest income vs. expense

2.48%Q3 ’042.47%Q3 ’052.64%Q3 ’06+3%+6%

Executive Summary

  • Earnings: ROA of 0.96%, up 17 bps year over year; NIM at 3.55%.
  • 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 (quarter, annualized)

0.96%+17 bps YoY

Net Interest Margin (quarter, annualized)

3.55%+37 bps YoY

Efficiency Ratio (quarter, annualized)

66.57%-273 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2005Q4 2005Q1 2006Q2 2006Q3 2006YoY ΔTrend
Earnings
Return on Assets0.80%0.71%0.87%0.76%0.96%+17 bps
Return on Equity10.52%9.14%10.95%9.30%11.27%+75 bps
Net Interest Margin3.19%3.37%3.47%3.46%3.55%+37 bps
Efficiency Ratio69.29%75.29%69.12%72.26%66.57%-273 bps
Non-Interest Burden2.09%2.44%2.29%2.43%2.23%+14 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 / Loans0.01%0.02%0.01%0.01%0.01%-1 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