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Virginia Company Bank

Newport News, VA · Cert 58147

FDIC · 3 branches

Q3 2014

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2014, the quarter ended September 30, 2014, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Virginia Company Bank

Newport News, VA · Cert 58147

FDIC · 3 branches

Q3 2014

$127.9MAssets
$101.7MLoans
$108.4MDeposits
$12.3MEquity
Loan mix
73%RE $55.3M25%C&I $18.9M2%Consumer $1.5MQ3 2013Q3 2014
Deposit mix
81%Interest-bearing $88.3M19%Noninterest $20.1MQ3 2013Q3 2014

NIM

4.19%Q3 ’124.11%Q3 ’134.05%Q3 ’14+3%+1%

Non-interest income vs. expense

3.78%Q3 ’123.72%Q3 ’134.51%Q3 ’14-4%+21%

Market Position · Virginia Beach-Norfolk-Newport News, VA-NC · 2014 SOD (annual) · 0.5% share · #18 of 32 inst. · $0.1B of $21.6B

3.5% Newport News (City)
4.9% Williamsburg (City)
1.6% Hampton (City)

Executive Summary

  • Earnings: ROA of -0.51%, down 27 bps year over year; NIM at 3.58%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.09%.
  • Funding: loans stand at 93.84% of deposits as of Q3 2014.

Financial Results

Return on Assets (YTD, annualized)

-0.51%-27 bps YoY

Net Interest Margin (YTD, annualized)

3.58%+5 bps YoY

Efficiency Ratio (YTD, annualized)

116.71%+1,800 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2013Q4 2013Q1 2014Q2 2014Q3 2014YoY ΔTrend
Earnings
Return on Assets-0.24%-0.23%0.10%-0.18%-0.51%-27 bps
Return on Equity-2.48%-2.37%1.01%-1.83%-5.34%-286 bps
Net Interest Margin3.53%3.51%3.47%3.46%3.58%+5 bps
Efficiency Ratio98.70%98.32%106.11%110.65%116.71%+1,800 bps
Non-Interest Burden3.48%3.44%3.70%3.86%4.22%+74 bps
Growth
Asset Growth (YoY)-8.33%-6.69%-0.46%0.87%-2.72%+561 bps
Loan Growth (YoY)1.07%1.60%4.66%3.22%0.01%-106 bps
Deposit Growth (YoY)-9.98%-8.19%-2.48%6.19%1.63%+1,161 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.24%0.39%-0.42%-0.23%-0.09%-33 bps
Allowance / Loans1.22%1.13%1.10%1.07%1.07%-16 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 Capital12.09%11.88%11.79%11.65%11.48%-61 bps
Equity / Assets9.73%9.62%9.56%9.59%9.62%-11 bps
Liquidity & Funding
Loans / Deposits95.36%93.29%94.89%92.67%93.84%-152 bps
Liquid Assets / Assets1.51%1.99%1.46%2.72%0.58%-93 bps
CRE / Total Capitaln/an/an/an/an/an/an/a