PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bank of Philippi, Inc., The

Philippi, WV · Cert 34838

FDIC

Q1 2011

$137.2MAssets
$109.3MLoans
$121.4MDeposits
$13.6MEquity
Loan mix
76%RE $70.6M15%C&I $13.5M9%Consumer $8.4MQ1 2010Q1 2011
Deposit mix
82%Interest-bearing $99.5M18%Noninterest $22.0MQ1 2010Q1 2011

NIM

5.65%Q1 ’095.55%Q1 ’105.16%Q1 ’11+8%-1%

Non-interest income vs. expense

3.42%Q1 ’092.90%Q1 ’103.18%Q1 ’11-21%+15%

Executive Summary

  • Earnings: ROA of 0.88%, down 28 bps year over year; NIM at 4.13%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 90.02% of deposits as of Q1 2011.

Financial Results

Return on Assets (YTD, annualized)

0.88%-28 bps YoY

Net Interest Margin (YTD, annualized)

4.13%-5 bps YoY

Efficiency Ratio (YTD, annualized)

67.80%+738 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2010Q2 2010Q3 2010Q4 2010Q1 2011YoY ΔTrend
Earnings
Return on Assets1.16%1.19%1.17%1.24%0.88%-28 bps
Return on Equity11.12%11.34%11.25%11.95%8.79%-233 bps
Net Interest Margin4.18%4.22%4.17%4.19%4.13%-5 bps
Efficiency Ratio60.43%56.94%56.80%55.90%67.80%+738 bps
Non-Interest Burden2.28%2.11%2.09%2.05%2.62%+34 bps
Growth
Asset Growth (YoY)10.65%9.39%8.17%4.53%7.93%-272 bps
Loan Growth (YoY)9.06%10.10%11.22%6.58%6.79%-228 bps
Deposit Growth (YoY)10.67%9.43%8.29%5.00%8.76%-191 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.04%0.03%0.15%0.12%0.00%-4 bps
Allowance / Loans1.03%1.05%1.06%1.09%1.15%+11 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 Capital12.63%12.34%12.25%12.33%12.52%-11 bps
Equity / Assets10.49%10.45%10.33%10.20%9.91%-58 bps
Liquidity & Funding
Loans / Deposits91.69%93.84%93.24%93.63%90.02%-167 bps
Liquid Assets / Assets0.01%0.01%0.01%0.02%0.03%+2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a