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Bank of Virginia

Midlothian, VA · Cert 57627

FDIC · 6 branches

Q2 2016

$353.7MAssets
$251.5MLoans
$296.8MDeposits
$26.2MEquity
Loan mix
46%RE $97.4M16%C&I $34.9M38%Consumer $80.6MQ3 2014Q2 2016
Deposit mix
90%Interest-bearing $266.8M10%Noninterest $30.0MQ3 2014Q2 2016

Market Position · Richmond, VA · 2016 SOD (annual) · 0.3% share · #15 of 36 inst. · $0.3B of $96.8B

5.5% Chesterfield
0.1% Henrico
1.5% Colonial Heights (City)

Executive Summary

  • Earnings: ROA of -0.69%, down 126 bps year over year; NIM at 2.69%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 7.44%, down 80 bps from a year ago.
  • Funding: loans stand at 84.73% of deposits as of Q2 2016.

Return on Assets (YTD, annualized)

-0.69%-126 bps YoY

Net Interest Margin (YTD, annualized)

2.69%+14 bps YoY

Efficiency Ratio (YTD, annualized)

125.48%+3,814 bps YoY

Tier 1 Leverage Ratio

7.44%-80 bps YoY

NIM

3.45%Q2 ’143.22%Q2 ’153.45%Q2 ’16-8%+6%

Non-interest income vs. expense

2.87%Q2 ’142.32%Q2 ’152.95%Q2 ’16-21%+49%

Year to date, annualized, through each quarter.

MetricQ3 2014Q4 2014Q1 2015Q2 2015Q3 2015Q4 2015Q1 2016Q2 2016YoY ΔTrend
Earnings
Return on Assets0.05%0.11%0.65%0.57%0.51%0.42%-1.53%-0.69%-126 bps
Return on Equity0.72%1.56%8.02%7.21%6.39%5.28%-20.13%-9.12%-1,633 bps
Net Interest Margin2.75%2.61%2.50%2.54%2.42%2.42%2.72%2.69%+14 bps
Efficiency Ratio97.35%94.70%96.78%87.33%87.91%89.11%174.16%125.48%+3,814 bps
Non-Interest Burden2.67%2.47%2.42%2.20%2.12%2.15%4.12%3.28%+108 bps
Growth
Asset Growth (YoY)28.83%35.14%17.80%16.04%15.72%9.29%7.15%3.15%-1,290 bps
Loan Growth (YoY)18.25%22.39%7.21%10.61%12.02%15.63%7.37%11.28%+67 bps
Deposit Growth (YoY)21.82%26.70%13.52%15.83%14.11%8.83%8.90%3.74%-1,209 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.25%0.33%-0.64%-0.16%-0.08%-0.01%0.09%0.04%+20 bps
Allowance / Loans0.60%0.51%0.50%0.44%0.39%0.33%0.37%0.36%-7 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/a8.27%8.24%7.87%7.82%7.43%7.44%-80 bps
Total Risk-Based Capital16.21%15.52%15.29%14.60%14.02%13.43%13.12%12.10%-250 bps
Equity / Assets8.43%8.04%8.15%7.71%7.77%7.69%7.48%7.42%-29 bps
Liquidity & Funding
Loans / Deposits80.21%79.65%82.33%78.99%78.74%84.63%81.17%84.73%+574 bps
Liquid Assets / Assets9.10%11.63%13.44%10.11%12.13%10.85%14.39%12.27%+216 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a