James River Bank

Waverly, VA · Cert 9990

FDIC

Q3 2001

$115.2MAssets

$67.8MLoans

$92.1MDeposits

$20.9MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 0.41%, down 73 bps year over year; NIM at 1.23%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.02%.
Funding: loans stand at 73.60% of deposits as of Q3 2001.

Return on Assets (YTD, annualized)

0.41%-73 bps YoY

Net Interest Margin (YTD, annualized)

1.23%

Efficiency Ratio (YTD, annualized)

62.23%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	0.69%	0.70%	1.10%	1.13%	1.22%	1.26%	0.70%	0.41%	-73 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	4.08%	4.02%	1.23%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	62.91%	61.64%	62.23%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	2.28%	2.16%	0.68%	n/a
Growth
Asset Growth (YoY)	-5.09%	-0.21%	-1.01%	9.38%	16.97%	21.52%	17.61%	12.62%	+324 bps
Loan Growth (YoY)	9.14%	6.90%	8.89%	19.50%	19.91%	25.59%	21.36%	3.72%	-1,578 bps
Deposit Growth (YoY)	-4.99%	0.55%	-11.34%	13.19%	17.20%	21.19%	27.67%	3.25%	-994 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	0.14%	0.43%	-0.02%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	1.42%	1.95%	2.03%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	12.22%	12.14%	14.04%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	10.26%	10.10%	18.10%	n/a
Liquidity & Funding
Loans / Deposits	66.96%	68.07%	76.41%	73.27%	68.50%	70.54%	72.64%	73.60%	+34 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	4.22%	3.66%	20.62%	+2,062 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a