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South Branch Valley National Bank of Moorefield, The

Moorefield, WV · Cert 6780

FDIC

Q4 2001

$188.2MAssets
$142.7MLoans
$115.6MDeposits
$12.8MEquity
Loan mix
89%RE $70.4M11%C&I $8.5M0%Consumer $0.3MQ4 2000Q4 2001
Deposit mix
88%Interest-bearing $101.2M12%Noninterest $14.4MQ4 2000Q4 2001

NIM

7.95%Q1 ’017.80%Q3 ’017.59%Q4 ’01+5%+4%

Non-interest income vs. expense

2.10%Q1 ’012.01%Q3 ’011.81%Q4 ’01-6%-15%

Executive Summary

  • Earnings: ROA of 1.62%, up 34 bps year over year; NIM at 4.10%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 123.45% of deposits as of Q4 2001.

Financial Results

Return on Assets (quarter, annualized)

1.62%+34 bps YoY

Net Interest Margin (quarter, annualized)

4.10%

Efficiency Ratio (quarter, annualized)

40.52%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2000Q1 2001Q2 2001Q3 2001Q4 2001YoY ΔTrend
Earnings
Return on Assets1.28%1.16%1.38%1.44%1.62%+34 bps
Return on Equityn/an/a18.83%19.71%22.99%n/a
Net Interest Marginn/a3.74%3.89%3.94%4.10%n/a
Efficiency Ration/a52.21%49.31%47.42%40.52%n/a
Non-Interest Burdenn/a1.81%1.76%1.71%1.45%n/a
Growth
Asset Growth (YoY)2.30%2.30%7.02%9.86%15.59%+1,328 bps
Loan Growth (YoY)5.51%5.63%8.55%8.73%10.65%+514 bps
Deposit Growth (YoY)-4.00%-2.40%5.37%10.78%11.69%+1,570 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/a0.19%0.00%0.04%-0.01%n/a
Allowance / Loansn/a0.97%1.03%1.01%1.02%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/a10.89%10.84%10.65%10.37%n/a
Equity / Assetsn/a7.39%7.27%7.34%6.81%n/a
Liquidity & Funding
Loans / Deposits124.62%122.66%120.72%121.68%123.45%-117 bps
Liquid Assets / Assets0.00%0.05%0.33%0.02%0.39%+39 bps
CRE / Total Capitaln/an/an/an/an/an/an/a