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Harbor Bank

Newport News, VA · Cert 34203

FDIC

Q4 2003

$306.0MAssets
$235.6MLoans
$249.6MDeposits
$22.7MEquity
Deposit mix
79%Interest-bearing $196.9M21%Noninterest $52.7MQ4 2002Q4 2003

NIM

6.44%Q4 ’015.29%Q4 ’025.19%Q4 ’03-2%+10%

Non-interest income vs. expense

2.36%Q4 ’012.36%Q4 ’023.02%Q4 ’03-4%+26%

Executive Summary

  • Earnings: ROA of 0.45%, down 17 bps year over year; NIM at 3.27%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.20%.
  • Funding: loans stand at 94.39% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

0.45%-17 bps YoY

Net Interest Margin (YTD, annualized)

3.27%+30 bps YoY

Efficiency Ratio (YTD, annualized)

76.48%+902 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets0.62%0.66%0.74%0.80%0.45%-17 bps
Return on Equity7.77%7.64%8.53%9.24%5.36%-241 bps
Net Interest Margin2.97%3.29%3.36%3.32%3.27%+30 bps
Efficiency Ratio67.45%66.04%65.50%64.06%76.48%+902 bps
Non-Interest Burden1.90%2.03%2.03%1.92%2.39%+49 bps
Growth
Asset Growth (YoY)34.86%34.74%25.57%19.49%24.13%-1,073 bps
Loan Growth (YoY)47.89%51.89%41.40%33.50%36.15%-1,175 bps
Deposit Growth (YoY)32.16%34.94%23.30%18.49%26.88%-528 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.10%0.04%0.04%0.05%0.20%+10 bps
Allowance / Loans1.30%1.35%1.37%1.37%1.21%-10 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 Capital12.46%12.02%11.61%11.06%10.10%-236 bps
Equity / Assets8.76%8.62%8.73%8.44%7.43%-133 bps
Liquidity & Funding
Loans / Deposits87.97%90.08%94.79%98.03%94.39%+642 bps
Liquid Assets / Assets0.04%0.04%0.04%0.04%0.03%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a