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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

4.20%Q4 ’113.84%Q4 ’123.73%Q4 ’13-4%-2%

Non-interest income vs. expense

4.15%Q4 ’113.24%Q4 ’122.99%Q4 ’13-43%-30%

Executive Summary

  • Earnings: ROA of 0.39%, up 111 bps year over year; NIM at 3.35%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.59%.
  • Funding: loans stand at 68.98% of deposits as of Q4 2013.

Financial Results

Return on Assets (quarter, annualized)

0.39%+111 bps YoY

Net Interest Margin (quarter, annualized)

3.35%-5 bps YoY

Efficiency Ratio (quarter, annualized)

82.76%-3,555 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets-0.71%0.16%0.23%-0.27%0.39%+111 bps
Return on Equity-6.54%1.50%2.09%-2.50%3.76%+1,030 bps
Net Interest Margin3.40%3.41%3.30%3.55%3.35%-5 bps
Efficiency Ratio118.31%92.34%90.86%114.88%82.76%-3,555 bps
Non-Interest Burden3.91%3.12%2.98%3.96%2.73%-118 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 / Loans7.51%0.90%-0.22%2.19%0.59%-692 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