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Letter portraitLegal landscapeQuarterYTD

Bank of Richmond, National Association, The

Richmond, VA · Cert 35160

FDIC

Q1 2007

$188.9MAssets
$156.1MLoans
$167.8MDeposits
$19.7MEquity
Loan mix
88%RE $126.9M12%C&I $17.1M0%Consumer $0.2MQ1 2006Q1 2007
Deposit mix
91%Interest-bearing $153.3M9%Noninterest $14.5MQ1 2006Q1 2007

NIM

6.29%Q1 ’057.28%Q1 ’067.77%Q1 ’07+0%-11%

Non-interest income vs. expense

3.38%Q1 ’053.12%Q1 ’062.62%Q1 ’07-5%-24%

Executive Summary

  • Earnings: ROA of 1.24%, down 7 bps year over year; NIM at 4.20%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 93.06% of deposits as of Q1 2007.

Financial Results

Return on Assets (quarter, annualized)

1.24%-7 bps YoY

Net Interest Margin (quarter, annualized)

4.20%-51 bps YoY

Efficiency Ratio (quarter, annualized)

55.04%-604 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets1.31%1.43%1.35%1.24%1.24%-7 bps
Return on Equity10.84%12.50%12.33%11.59%11.83%+98 bps
Net Interest Margin4.71%4.93%4.83%4.38%4.20%-51 bps
Efficiency Ratio61.08%55.03%54.75%58.75%55.04%-604 bps
Non-Interest Burden2.72%2.54%2.50%2.40%2.06%-66 bps
Growth
Asset Growth (YoY)27.58%32.06%38.59%31.10%31.02%+344 bps
Loan Growth (YoY)25.44%34.35%35.92%23.03%25.01%-43 bps
Deposit Growth (YoY)30.33%36.51%44.21%33.07%33.92%+360 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.00%0.00%0.00%0.06%+4 bps
Allowance / Loans1.16%1.10%1.10%1.14%1.10%-6 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 Capital14.04%13.19%12.31%12.75%12.19%-184 bps
Equity / Assets11.93%11.06%10.88%10.57%10.41%-152 bps
Liquidity & Funding
Loans / Deposits99.70%97.36%99.10%89.98%93.06%-664 bps
Liquid Assets / Assets2.14%1.73%1.24%3.42%3.27%+114 bps
CRE / Total Capitaln/an/an/an/an/an/an/a