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Bank of Louisa, NA

Louisa, VA · Cert 57770

FDIC

Q1 2007

$33.7MAssets
$25.6MLoans
$28.1MDeposits
$4.8MEquity
Loan mix
74%RE $15.7M26%C&I $5.5M0%Consumer $0.0MQ1 2006Q1 2007
Deposit mix
91%Interest-bearing $25.6M9%Noninterest $2.5MQ1 2006Q1 2007

NIM

5.29%Q1 ’056.25%Q1 ’067.60%Q1 ’07+11%+15%

Non-interest income vs. expense

5.16%Q1 ’054.94%Q1 ’065.74%Q1 ’07-6%+19%

Executive Summary

  • Earnings: ROA of -0.98%, down 51 bps year over year; NIM at 4.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 90.91% of deposits as of Q1 2007.

Financial Results

Return on Assets (quarter, annualized)

-0.98%-51 bps YoY

Net Interest Margin (quarter, annualized)

4.75%+62 bps YoY

Efficiency Ratio (quarter, annualized)

114.22%+372 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2006Q2 2006Q3 2006Q4 2006Q1 2007YoY ΔTrend
Earnings
Return on Assets-0.47%0.87%0.46%0.55%-0.98%-51 bps
Return on Equity-2.86%5.53%2.97%3.43%-6.48%-362 bps
Net Interest Margin4.14%4.49%4.59%4.84%4.75%+62 bps
Efficiency Ratio110.49%85.00%91.04%84.47%114.22%+372 bps
Non-Interest Burden4.60%3.59%4.12%3.99%5.47%+86 bps
Growth
Asset Growth (YoY)30.10%28.58%5.97%6.88%17.29%-1,281 bps
Loan Growth (YoY)29.22%4.74%0.08%14.63%39.55%+1,034 bps
Deposit Growth (YoY)34.28%29.31%6.99%8.67%17.46%-1,682 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.35%1.42%1.37%1.23%1.14%-21 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 Capital20.94%20.83%20.88%18.29%16.74%-421 bps
Equity / Assets16.48%15.16%16.06%15.83%14.34%-213 bps
Liquidity & Funding
Loans / Deposits76.52%64.98%71.33%84.97%90.91%+1,439 bps
Liquid Assets / Assets3.49%11.02%8.24%0.00%0.00%-349 bps
CRE / Total Capitaln/an/an/an/an/an/an/a