PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Potomac Valley Bank

Petersburg, WV · Cert 844

FDIC

Q3 2004

$403.1MAssets
$282.6MLoans
$212.2MDeposits
$29.7MEquity
Loan mix
84%RE $128.5M16%C&I $24.5M0%Consumer $0.6MQ3 2003Q3 2004
Deposit mix
88%Interest-bearing $186.3M12%Noninterest $25.9MQ3 2003Q3 2004

NIM

6.82%Q3 ’026.11%Q3 ’035.73%Q3 ’04-5%-3%

Non-interest income vs. expense

1.74%Q3 ’021.73%Q3 ’031.71%Q3 ’04-7%-2%

Executive Summary

  • Earnings: ROA of 1.42%, down 3 bps year over year; NIM at 3.51%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.05%.
  • Funding: loans stand at 133.20% of deposits as of Q3 2004.

Financial Results

Return on Assets (quarter, annualized)

1.42%-3 bps YoY

Net Interest Margin (quarter, annualized)

3.51%-10 bps YoY

Efficiency Ratio (quarter, annualized)

44.14%+63 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets1.45%1.67%1.47%1.44%1.42%-3 bps
Return on Equity19.41%23.06%20.24%20.32%20.16%+75 bps
Net Interest Margin3.61%3.62%3.54%3.53%3.51%-10 bps
Efficiency Ratio43.51%44.27%44.45%44.97%44.14%+63 bps
Non-Interest Burden1.36%1.23%1.41%1.38%1.34%-2 bps
Growth
Asset Growth (YoY)6.27%12.74%8.48%11.72%10.36%+409 bps
Loan Growth (YoY)11.54%13.91%15.65%13.11%12.38%+84 bps
Deposit Growth (YoY)-3.08%9.87%7.48%10.00%6.67%+975 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.02%0.03%0.22%0.01%0.05%+3 bps
Allowance / Loans0.94%0.93%0.86%0.88%0.86%-8 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 Capital11.25%10.95%11.13%10.81%11.06%-18 bps
Equity / Assets7.41%7.05%7.44%6.74%7.36%-5 bps
Liquidity & Funding
Loans / Deposits126.43%121.39%124.59%124.55%133.20%+677 bps
Liquid Assets / Assets0.34%0.27%0.28%0.28%0.27%-7 bps
CRE / Total Capitaln/an/an/an/an/an/an/a