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Page Valley Bank, The

Luray, VA · Cert 6872

FDIC · 5 branches

Q3 2016

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 2016, the quarter ended September 30, 2016, 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

Page Valley Bank, The

Luray, VA · Cert 6872

FDIC · 5 branches

Q3 2016

$296.4MAssets
$244.8MLoans
$235.6MDeposits
$30.7MEquity
Loan mix
84%RE $168.9M9%C&I $18.5M7%Consumer $14.6MQ3 2015Q3 2016
Deposit mix
83%Interest-bearing $196.2M17%Noninterest $39.4MQ3 2015Q3 2016

NIM

3.98%Q3 ’144.11%Q3 ’154.12%Q3 ’16+3%+1%

Non-interest income vs. expense

2.39%Q3 ’142.25%Q3 ’152.23%Q3 ’16-8%+3%

Market Position · Harrisonburg, VA · 2016 SOD (annual) · 1.7% share · #11 of 17 inst. · $0.0B of $2.2B

39.6% Page
2.2% Albemarle
2.0% Harrisonburg (City)
1.3% Rockingham

Executive Summary

  • Earnings: ROA of 0.92%, down 11 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.47%.
  • Capital: tier 1 leverage ratio of 10.56%, down 33 bps from a year ago.
  • Funding: loans stand at 103.89% of deposits as of Q3 2016.

Financial Results

Return on Assets (YTD, annualized)

0.92%-11 bps YoY

Net Interest Margin (YTD, annualized)

3.38%+2 bps YoY

Efficiency Ratio (YTD, annualized)

59.76%+37 bps YoY

Tier 1 Leverage Ratio

10.56%-33 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2015Q4 2015Q1 2016Q2 2016Q3 2016YoY ΔTrend
Earnings
Return on Assets1.03%1.06%0.96%1.02%0.92%-11 bps
Return on Equity9.61%9.87%8.93%9.45%8.68%-93 bps
Net Interest Margin3.36%3.33%3.48%3.46%3.38%+2 bps
Efficiency Ratio59.38%58.70%60.71%59.12%59.76%+37 bps
Non-Interest Burden1.81%1.77%1.98%1.89%1.88%+6 bps
Growth
Asset Growth (YoY)12.67%11.83%10.56%14.21%15.25%+258 bps
Loan Growth (YoY)18.12%15.92%16.60%15.21%16.29%-183 bps
Deposit Growth (YoY)9.80%8.77%12.39%17.01%20.12%+1,032 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.05%0.04%0.07%0.10%0.47%+42 bps
Allowance / Loans1.08%1.08%1.09%1.07%0.81%-27 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio10.89%10.86%10.79%10.79%10.56%-33 bps
Total Risk-Based Capital16.54%16.45%16.48%16.26%15.48%-106 bps
Equity / Assets10.82%10.71%10.90%10.69%10.35%-47 bps
Liquidity & Funding
Loans / Deposits107.31%108.19%103.30%101.02%103.89%-342 bps
Liquid Assets / Assets6.66%7.69%7.16%7.90%6.52%-14 bps
CRE / Total Capitaln/an/an/an/an/an/an/a