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Rappahannock National Bank, The

Washington, VA · Cert 6925

FDIC

Q3 2010

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 2010, the quarter ended September 30, 2010, 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

Rappahannock National Bank, The

Washington, VA · Cert 6925

FDIC

Q3 2010

$194.1MAssets
$138.2MLoans
$169.8MDeposits
$19.5MEquity
Loan mix
99%RE $125.9M1%C&I $1.5M0%Consumer $0.1MQ3 2009Q3 2010
Deposit mix
88%Interest-bearing $149.0M12%Noninterest $20.8MQ3 2009Q3 2010

NIM

5.61%Q3 ’084.91%Q3 ’095.01%Q3 ’10-7%+30%

Non-interest income vs. expense

3.60%Q3 ’082.82%Q3 ’092.80%Q3 ’10-19%+2%

Executive Summary

  • Earnings: ROA of 0.89%, up 62 bps year over year; NIM at 3.85%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.40%.
  • Funding: loans stand at 81.39% of deposits as of Q3 2010.

Financial Results

Return on Assets (YTD, annualized)

0.89%+62 bps YoY

Net Interest Margin (YTD, annualized)

3.85%+88 bps YoY

Efficiency Ratio (YTD, annualized)

63.46%-1,509 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2009Q4 2009Q1 2010Q2 2010Q3 2010YoY ΔTrend
Earnings
Return on Assets0.26%0.38%0.71%0.83%0.89%+62 bps
Return on Equity2.84%4.07%7.36%8.59%9.05%+621 bps
Net Interest Margin2.97%3.10%3.88%3.89%3.85%+88 bps
Efficiency Ratio78.55%74.72%66.18%63.98%63.46%-1,509 bps
Non-Interest Burden2.28%2.24%2.48%2.38%2.33%+5 bps
Growth
Asset Growth (YoY)25.01%5.44%2.56%2.00%3.36%-2,165 bps
Loan Growth (YoY)14.67%14.56%15.23%14.17%10.24%-443 bps
Deposit Growth (YoY)16.86%2.79%-4.57%1.15%7.79%-907 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.22%0.26%0.27%0.30%0.40%+18 bps
Allowance / Loans1.17%1.23%1.27%1.28%1.13%-3 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 Capital11.98%12.11%12.11%12.60%12.93%+95 bps
Equity / Assets9.49%9.67%9.60%9.87%10.05%+56 bps
Liquidity & Funding
Loans / Deposits79.57%81.32%86.60%83.77%81.39%+181 bps
Liquid Assets / Assets0.19%0.18%0.27%0.30%0.19%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a