PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Peoples Bank of Virginia

Richmond, VA · Cert 57364

FDIC

Q1 2012

$276.5MAssets
$187.8MLoans
$236.4MDeposits
$39.5MEquity
Loan mix
86%RE $126.7M12%C&I $17.6M2%Consumer $3.1MQ1 2011Q1 2012
Deposit mix
83%Interest-bearing $196.8M17%Noninterest $39.7MQ1 2011Q1 2012

NIM

4.69%Q1 ’104.29%Q1 ’113.99%Q1 ’120%-5%

Non-interest income vs. expense

1.58%Q1 ’101.66%Q1 ’111.96%Q1 ’12+15%+15%

Executive Summary

  • Earnings: ROA of 0.64%, up 2 bps year over year; NIM at 2.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 79.44% of deposits as of Q1 2012.

Financial Results

Return on Assets (quarter, annualized)

0.64%+2 bps YoY

Net Interest Margin (quarter, annualized)

2.89%-14 bps YoY

Efficiency Ratio (quarter, annualized)

63.97%+1,108 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2011Q2 2011Q3 2011Q4 2011Q1 2012YoY ΔTrend
Earnings
Return on Assets0.62%0.77%0.72%0.77%0.64%+2 bps
Return on Equity4.80%5.97%5.48%5.75%4.58%-22 bps
Net Interest Margin3.03%3.19%3.09%2.90%2.89%-14 bps
Efficiency Ratio52.89%51.67%55.74%53.40%63.97%+1,108 bps
Non-Interest Burden1.56%1.54%1.62%1.47%1.79%+23 bps
Growth
Asset Growth (YoY)0.82%1.77%-0.77%-1.00%-4.77%-559 bps
Loan Growth (YoY)-3.21%-4.14%-6.57%-7.28%-5.30%-209 bps
Deposit Growth (YoY)0.29%1.00%-1.52%-0.58%-4.79%-508 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.73%0.00%0.32%1.78%0.00%-73 bps
Allowance / Loans2.05%2.24%2.40%2.13%2.16%+10 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 Capital19.53%20.03%21.23%22.05%22.59%+306 bps
Equity / Assets12.90%12.99%13.11%13.68%14.29%+139 bps
Liquidity & Funding
Loans / Deposits79.86%78.67%75.82%75.28%79.44%-42 bps
Liquid Assets / Assets15.74%19.68%24.92%28.05%27.59%+1,185 bps
CRE / Total Capitaln/an/an/an/an/an/an/a