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Village Bank, The

Saint George, UT · Cert 34219

FDIC

Q4 2013

$124.6MAssets
$71.2MLoans
$103.2MDeposits
$12.9MEquity
Loan mix
78%RE $47.1M20%C&I $12.0M3%Consumer $1.7MQ4 2012Q4 2013
Deposit mix
66%Interest-bearing $68.5M34%Noninterest $34.7MQ4 2012Q4 2013

NIM

4.57%Q4 ’114.59%Q4 ’123.68%Q4 ’13+8%-19%

Non-interest income vs. expense

3.72%Q4 ’113.80%Q4 ’123.07%Q4 ’13-81%+188%

Executive Summary

  • Earnings: ROA of 0.13%, down 147 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 0.88%.
  • Funding: loans stand at 68.98% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

0.13%-147 bps YoY

Net Interest Margin (YTD, annualized)

3.27%-75 bps YoY

Efficiency Ratio (YTD, annualized)

93.95%+3,762 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets1.60%0.16%0.19%0.04%0.13%-147 bps
Return on Equity18.66%1.50%1.80%0.36%1.22%-1,745 bps
Net Interest Margin4.01%3.41%3.32%3.35%3.27%-75 bps
Efficiency Ratio56.33%92.34%91.61%98.22%93.95%+3,762 bps
Non-Interest Burden1.07%3.12%3.02%3.29%3.07%+201 bps
Growth
Asset Growth (YoY)-33.17%-31.31%1.94%3.14%6.42%+3,959 bps
Loan Growth (YoY)-35.56%-34.71%-3.72%0.05%4.23%+3,979 bps
Deposit Growth (YoY)-38.74%-37.30%-0.08%3.21%5.83%+4,456 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.32%0.90%0.34%0.94%0.88%-245 bps
Allowance / Loans4.17%4.02%4.09%3.19%3.15%-103 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 Capital9.19%9.40%9.46%8.82%9.28%+9 bps
Equity / Assets10.93%10.74%10.86%10.41%10.39%-55 bps
Liquidity & Funding
Loans / Deposits70.04%68.39%68.46%71.42%68.98%-105 bps
Liquid Assets / Assets5.09%3.37%6.11%5.51%8.04%+295 bps
CRE / Total Capitaln/an/an/an/an/an/an/a