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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

6.76%Q3 ’067.02%Q3 ’075.96%Q3 ’08-6%+1%

Non-interest income vs. expense

3.03%Q3 ’062.71%Q3 ’072.65%Q3 ’08-3%-7%

Executive Summary

  • Earnings: ROA of 0.62%, up 3 bps year over year; NIM at 3.45%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 113.64% of deposits as of Q3 2008.

Financial Results

Return on Assets (quarter, annualized)

0.62%+3 bps YoY

Net Interest Margin (quarter, annualized)

3.45%+4 bps YoY

Efficiency Ratio (quarter, annualized)

69.40%-469 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2007Q4 2007Q1 2008Q2 2008Q3 2008YoY ΔTrend
Earnings
Return on Assets0.59%0.32%0.53%0.60%0.62%+3 bps
Return on Equity7.37%4.13%6.79%7.63%7.88%+51 bps
Net Interest Margin3.40%3.27%3.40%3.59%3.45%+4 bps
Efficiency Ratio74.09%81.84%74.33%69.58%69.40%-469 bps
Non-Interest Burden2.46%2.64%2.45%2.42%2.28%-18 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%0.00%0.07%0.04%0.00%-1 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