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First-Citizens Bank, A Virginia Corporation

Roanoke, VA · Cert 34453

FDIC

Q1 2006

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2006, the quarter ended March 31, 2006, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First-Citizens Bank, A Virginia Corporation

Roanoke, VA · Cert 34453

FDIC

Q1 2006

$204.3MAssets
$197.1MLoans
$993KDeposits
$68.2MEquity
Deposit mix
50%Interest-bearing $500K50%Noninterest $493KQ1 2005Q1 2006

NIM

7.68%Q1 ’048.28%Q1 ’059.42%Q1 ’06+2%+2%

Non-interest income vs. expense

17.53%Q1 ’0419.55%Q1 ’0521.53%Q1 ’06-120%+36%

Executive Summary

  • Earnings: ROA of 2.75%, up 2 bps year over year; NIM at 4.63%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.72%.
  • Funding: loans stand at 19848.44% of deposits as of Q1 2006.

Financial Results

Return on Assets (YTD, annualized)

2.75%+2 bps YoY

Net Interest Margin (YTD, annualized)

4.63%+9 bps YoY

Efficiency Ratio (YTD, annualized)

77.30%+422 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2005Q2 2005Q3 2005Q4 2005Q1 2006YoY ΔTrend
Earnings
Return on Assets2.74%3.26%3.81%3.84%2.75%+2 bps
Return on Equity9.84%11.40%13.02%13.02%8.70%-114 bps
Net Interest Margin4.55%4.50%4.53%4.52%4.63%+9 bps
Efficiency Ratio73.09%70.82%68.85%68.68%77.30%+422 bps
Non-Interest Burden-2.65%-3.62%-4.42%-4.44%-1.69%+96 bps
Growth
Asset Growth (YoY)-2.99%-6.73%-5.77%1.47%-1.83%+116 bps
Loan Growth (YoY)4.52%1.34%1.27%3.32%-1.89%-640 bps
Deposit Growth (YoY)60.95%131.36%114.79%104.35%21.69%-3,926 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.31%2.37%2.36%2.22%1.72%-59 bps
Allowance / Loans7.41%7.42%7.57%6.84%7.60%+19 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 Capital30.55%31.72%33.34%31.91%35.25%+470 bps
Equity / Assets28.86%30.22%31.54%30.04%33.38%+452 bps
Liquidity & Funding
Loans / Deposits24618%17031%18169%21094%19848%-476,970 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a