PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

1st Commonwealth Bank of Virginia

Arlington, VA · Cert 58773

FDIC

Q3 2012

$59.4MAssets
$47.9MLoans
$54.4MDeposits
$2.6MEquity
Loan mix
91%RE $41.8M9%C&I $4.2M0%Consumer $0.1MQ3 2011Q3 2012
Deposit mix
89%Interest-bearing $48.5M11%Noninterest $6.0MQ3 2011Q3 2012

NIM

3.96%Q1 ’123.72%Q2 ’123.92%Q3 ’12-7%+8%

Non-interest income vs. expense

8.40%Q1 ’128.41%Q2 ’129.07%Q3 ’12+12%+28%

Executive Summary

  • Earnings: ROA of -3.30%, up 39 bps year over year; NIM at 2.77%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 87.98% of deposits as of Q3 2012.

Financial Results

Return on Assets (YTD, annualized)

-3.30%+39 bps YoY

Net Interest Margin (YTD, annualized)

2.77%

Efficiency Ratio (YTD, annualized)

152.07%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2011Q4 2011Q1 2012Q2 2012Q3 2012YoY ΔTrend
Earnings
Return on Assets-3.69%-3.27%-1.46%-2.17%-3.30%+39 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/an/a2.76%2.57%2.77%n/a
Efficiency Ration/an/a118.94%131.42%152.07%n/a
Non-Interest Burdenn/an/a4.10%4.58%5.88%n/a
Growth
Asset Growth (YoY)-11.13%-0.81%12.50%15.68%15.46%+2,659 bps
Loan Growth (YoY)73.18%56.93%67.29%13.49%6.76%-6,642 bps
Deposit Growth (YoY)-15.73%-5.32%13.35%15.31%26.54%+4,227 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a0.00%0.00%0.00%n/a
Allowance / Loansn/an/a0.75%0.79%0.86%n/a
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 Capitaln/an/a12.39%11.67%9.52%n/a
Equity / Assetsn/an/a6.61%5.96%4.37%n/a
Liquidity & Funding
Loans / Deposits104.28%109.25%97.47%94.10%87.98%-1,630 bps
Liquid Assets / Assets0.00%0.00%5.30%7.02%12.09%+1,209 bps
CRE / Total Capitaln/an/an/an/an/an/an/a