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River City Bank

Mechanicsville, VA · Cert 57743

FDIC

Q3 2008

$149.0MAssets
$121.3MLoans
$131.2MDeposits
$13.9MEquity
Loan mix
64%RE $54.3M35%C&I $29.8M1%Consumer $0.6MQ3 2007Q3 2008
Deposit mix
94%Interest-bearing $123.4M6%Noninterest $7.8MQ3 2007Q3 2008

NIM

6.06%Q3 ’066.79%Q3 ’076.07%Q3 ’08-10%-17%

Non-interest income vs. expense

3.94%Q3 ’063.35%Q3 ’072.59%Q3 ’08-16%-22%

Executive Summary

  • Earnings: ROA of -1.02%, down 65 bps year over year; NIM at 2.65%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 92.44% of deposits as of Q3 2008.

Financial Results

Return on Assets (YTD, annualized)

-1.02%-65 bps YoY

Net Interest Margin (YTD, annualized)

2.65%-55 bps YoY

Efficiency Ratio (YTD, annualized)

89.87%-517 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 Assets-0.37%-0.41%0.14%0.18%-1.02%-65 bps
Return on Equity-2.49%-2.84%1.21%1.57%-9.39%-690 bps
Net Interest Margin3.20%3.06%2.87%2.82%2.65%-55 bps
Efficiency Ratio95.04%96.93%88.37%88.84%89.87%-517 bps
Non-Interest Burden3.03%2.95%2.51%2.48%2.36%-67 bps
Growth
Asset Growth (YoY)36.27%41.00%33.45%28.96%30.36%-592 bps
Loan Growth (YoY)59.36%60.05%42.92%44.64%41.13%-1,823 bps
Deposit Growth (YoY)45.17%48.26%34.70%28.12%33.34%-1,183 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.30%0.20%0.00%0.00%0.00%-30 bps
Allowance / Loans0.99%1.02%1.02%1.00%1.98%+100 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 Capital18.25%16.90%15.77%13.42%11.95%-630 bps
Equity / Assets13.44%12.71%11.24%10.55%9.30%-414 bps
Liquidity & Funding
Loans / Deposits87.33%91.62%87.31%91.20%92.44%+511 bps
Liquid Assets / Assets1.82%1.31%1.15%1.12%1.07%-75 bps
CRE / Total Capitaln/an/an/an/an/an/an/a