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Metro-County Bank of Virginia, Inc.

Mechanicsville, VA · Cert 34442

FDIC

Q2 2002

$90.3MAssets
$71.2MLoans
$83.2MDeposits
$7.0MEquity
Loan mix
47%RE $23.3M47%C&I $23.4M6%Consumer $3.0MQ2 2001Q2 2002
Deposit mix
89%Interest-bearing $73.9M11%Noninterest $9.3MQ2 2001Q2 2002

NIM

7.75%Q1 ’017.38%Q2 ’016.44%Q2 ’02-5%+21%

Non-interest income vs. expense

3.69%Q1 ’013.58%Q2 ’013.36%Q2 ’02-2%+15%

Executive Summary

  • Earnings: ROA of -1.23%, down 160 bps year over year; NIM at 3.84%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.28%.
  • Funding: loans stand at 85.57% of deposits as of Q2 2002.

Financial Results

Return on Assets (YTD, annualized)

-1.23%-160 bps YoY

Net Interest Margin (YTD, annualized)

3.84%+66 bps YoY

Efficiency Ratio (YTD, annualized)

75.11%-626 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2001Q3 2001Q4 2001Q1 2002Q2 2002YoY ΔTrend
Earnings
Return on Assets0.37%0.35%0.29%0.40%-1.23%-160 bps
Return on Equityn/an/an/a4.82%-15.25%n/a
Net Interest Margin3.18%3.05%3.05%3.45%3.84%+66 bps
Efficiency Ratio81.37%80.84%77.80%71.35%75.11%-626 bps
Non-Interest Burden2.37%2.26%2.13%2.17%2.73%+36 bps
Growth
Asset Growth (YoY)32.34%21.97%18.77%13.03%3.48%-2,886 bps
Loan Growth (YoY)33.96%33.24%29.22%16.40%6.93%-2,702 bps
Deposit Growth (YoY)35.16%23.43%20.26%14.10%4.94%-3,022 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.06%0.04%0.50%0.02%3.28%+321 bps
Allowance / Loans1.23%1.28%1.12%1.36%1.46%+22 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 Capital11.80%11.51%10.91%11.41%10.87%-93 bps
Equity / Assets8.57%8.41%8.09%8.30%7.80%-77 bps
Liquidity & Funding
Loans / Deposits83.97%86.37%86.48%85.90%85.57%+160 bps
Liquid Assets / Assets11.23%12.10%11.94%8.74%7.03%-420 bps
CRE / Total Capitaln/an/an/an/an/an/an/a