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Letter portraitLegal landscapeQuarterYTD

Bank of Williamsburg, The

Williamsburg, VA · Cert 34933

FDIC

Q3 2008

$148.4MAssets
$118.5MLoans
$104.3MDeposits
$11.7MEquity
Loan mix
90%RE $95.1M10%C&I $10.0M0%Consumer $0.1MQ3 2007Q3 2008
Deposit mix
83%Interest-bearing $87.1M17%Noninterest $17.2MQ3 2007Q3 2008

NIM

6.20%Q3 ’066.68%Q3 ’075.93%Q3 ’08-10%+3%

Non-interest income vs. expense

2.91%Q3 ’062.75%Q3 ’072.60%Q3 ’08-1%-8%

Executive Summary

  • Earnings: ROA of 0.59%, up 6 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.03%.
  • Funding: loans stand at 113.64% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

0.59%+6 bps YoY

Net Interest Margin (YTD, annualized)

3.36%+10 bps YoY

Efficiency Ratio (YTD, annualized)

70.99%-742 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.52%0.47%0.53%0.56%0.59%+6 bps
Return on Equity6.39%5.81%6.79%7.18%7.46%+107 bps
Net Interest Margin3.26%3.22%3.40%3.42%3.36%+10 bps
Efficiency Ratio78.42%79.29%74.33%71.84%70.99%-742 bps
Non-Interest Burden2.51%2.50%2.45%2.38%2.30%-20 bps
Growth
Asset Growth (YoY)9.29%14.13%9.87%20.23%18.24%+895 bps
Loan Growth (YoY)9.05%13.62%7.92%13.31%13.20%+415 bps
Deposit Growth (YoY)2.03%-7.69%-0.16%26.16%28.90%+2,686 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%0.01%0.07%0.05%0.03%+3 bps
Allowance / Loans0.88%0.89%0.91%0.94%0.99%+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 Capital10.74%10.27%10.37%10.91%10.85%+10 bps
Equity / Assets7.94%7.79%7.94%7.82%7.86%-7 bps
Liquidity & Funding
Loans / Deposits129.40%147.26%131.12%111.69%113.64%-1,576 bps
Liquid Assets / Assets0.06%0.04%0.13%0.08%0.08%+2 bps
CRE / Total Capitaln/an/an/an/an/an/an/a