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James Monroe Bank

Arlington, VA · Cert 34716

FDIC

Q2 2006

$541.9MAssets
$416.6MLoans
$449.4MDeposits
$44.6MEquity
Loan mix
61%RE $73.1M39%C&I $46.7M0%Consumer $0.3MQ2 2005Q2 2006
Deposit mix
75%Interest-bearing $338.9M25%Noninterest $110.4MQ2 2005Q2 2006

NIM

4.76%Q2 ’045.39%Q2 ’056.54%Q2 ’06+2%-1%

Non-interest income vs. expense

2.39%Q2 ’042.42%Q2 ’053.07%Q2 ’06+4%+30%

Executive Summary

  • Earnings: ROA of 0.54%, down 31 bps year over year; NIM at 3.64%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 92.71% of deposits as of Q2 2006.

Financial Results

Return on Assets (quarter, annualized)

0.54%-31 bps YoY

Net Interest Margin (quarter, annualized)

3.64%-4 bps YoY

Efficiency Ratio (quarter, annualized)

76.76%+1,658 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2005Q3 2005Q4 2005Q1 2006Q2 2006YoY ΔTrend
Earnings
Return on Assets0.85%1.01%1.10%0.84%0.54%-31 bps
Return on Equity11.46%12.78%13.09%10.16%6.54%-493 bps
Net Interest Margin3.69%3.85%3.88%3.71%3.64%-4 bps
Efficiency Ratio60.18%58.43%56.95%63.28%76.76%+1,658 bps
Non-Interest Burden2.09%2.08%2.08%2.24%2.72%+63 bps
Growth
Asset Growth (YoY)54.18%25.81%19.31%18.44%3.05%-5,112 bps
Loan Growth (YoY)64.53%58.44%50.52%35.49%23.59%-4,095 bps
Deposit Growth (YoY)54.23%15.13%17.68%9.83%-7.43%-6,166 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.00%0.00%0.00%0.00%-4 bps
Allowance / Loans1.05%1.03%1.03%1.03%1.03%-2 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 Capital12.09%12.65%12.57%12.31%12.04%-4 bps
Equity / Assets7.44%8.43%8.37%8.25%8.22%+78 bps
Liquidity & Funding
Loans / Deposits69.44%85.64%80.08%87.06%92.71%+2,327 bps
Liquid Assets / Assets0.00%0.00%0.00%0.03%0.03%+3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a