PackageTrendsPeer
Letter portraitLegal landscape

Virginia Partners Bank

Fredericksburg, VA · Cert 58824

FDIC · 5 branches

Q3 2023

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 2023, the quarter ended September 30, 2023, 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 Partners Bank

Fredericksburg, VA · Cert 58824

FDIC · 5 branches

Q3 2023

$637.2MAssets
$523.6MLoans
$544.9MDeposits
$54.5MEquity
Loan mix
85%RE $349.1M15%C&I $60.8M0%Consumer $1.8MQ3 2022Q3 2023
Deposit mix
63%Interest-bearing $345.6M37%Noninterest $199.3MQ3 2022Q3 2023

NIM

3.78%Q3 ’213.45%Q3 ’224.68%Q3 ’23-3%+11%

Non-interest income vs. expense

2.75%Q3 ’212.43%Q3 ’222.61%Q3 ’23+10%+12%

Market Position · Washington-Arlington-Alexandria, DC-VA-MD-WV · 2023 SOD (annual) · 0.2% share · #34 of 72 inst. · $0.5B of $296.0B

9.0% Fredericksburg (City)
7.0% Spotsylvania
0.1% Fairfax
2.8% Charles

Executive Summary

  • Earnings: ROA of 0.80%, up 19 bps year over year; NIM at 3.45%.
  • Asset quality: problem loans at 0.01% of loans (-6 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.50%, up 87 bps from a year ago.
  • Funding: loans stand at 96.08% of deposits as of Q3 2023.

Financial Results

Return on Assets (YTD, annualized)

0.80%+19 bps YoY

Net Interest Margin (YTD, annualized)

3.45%+34 bps YoY

Efficiency Ratio (YTD, annualized)

70.14%+6 bps YoY

Tier 1 Leverage Ratio

9.50%+87 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets0.61%0.69%0.81%0.75%0.80%+19 bps
Return on Equity7.39%8.36%9.27%8.55%9.16%+177 bps
Net Interest Margin3.11%3.36%3.61%3.51%3.45%+34 bps
Efficiency Ratio70.09%68.89%69.81%71.50%70.14%+6 bps
Non-Interest Burden2.13%2.26%2.48%2.48%2.39%+26 bps
Growth
Asset Growth (YoY)9.07%2.49%-7.09%-3.05%-4.37%-1,344 bps
Loan Growth (YoY)13.05%18.42%15.63%16.80%10.74%-231 bps
Deposit Growth (YoY)11.48%-4.64%-13.42%-9.54%-6.96%-1,843 bps
Asset Quality
Nonperforming Loans / Loans0.07%0.02%0.02%0.06%0.01%-6 bps
Net Charge-Offs / Loans0.01%0.01%0.03%0.00%0.00%-1 bps
Allowance / Loans0.92%0.95%1.22%1.20%1.21%+29 bps
Allowance Coverage of NPLs13.4x48.6x80.0x20.9x132.1x+118.7x
Capital
Tier 1 Leverage Ratio8.62%8.94%9.46%9.49%9.50%+87 bps
Total Risk-Based Capital11.39%11.34%11.27%11.06%11.40%+1 bps
Equity / Assets7.99%8.66%8.90%8.65%8.56%+57 bps
Liquidity & Funding
Loans / Deposits80.73%95.75%98.64%99.26%96.08%+1,535 bps
Liquid Assets / Assets12.98%6.05%2.11%2.33%2.62%-1,036 bps
CRE / Total Capitaln/an/an/an/an/an/an/a