Warsaw, VA · Cert 9991
FDIC
Q3 2010
Board Package
Performance Trends and Peer Comparison
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.
No peer standings are published for this institution and quarter.
Peer groups below the disclosure floor are suppressed.
Warsaw, VA · Cert 9991
FDIC
Q3 2010
Return on Assets (YTD, annualized)
Net Interest Margin (YTD, annualized)
Efficiency Ratio (YTD, annualized)
Tier 1 Leverage Ratio
Year to date, annualized, through each quarter.
| Metric | Q4 2008 | Q1 2009 | Q2 2009 | Q3 2009 | Q4 2009 | Q1 2010 | Q2 2010 | Q3 2010 | YoY Δ | Trend |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings | ||||||||||
| Return on Assets | 1.02% | 0.82% | 0.49% | 0.54% | 0.53% | 0.94% | 0.98% | 0.95% | +41 bps | |
| Return on Equity | 12.12% | 9.81% | 5.86% | 6.35% | 6.18% | 10.35% | 10.70% | 10.14% | +379 bps | |
| Net Interest Margin | 3.24% | 3.08% | 3.11% | 3.16% | 3.15% | 3.72% | 3.73% | 3.70% | +54 bps | |
| Efficiency Ratio | 64.64% | 70.11% | 74.16% | 72.35% | 71.70% | 68.14% | 65.71% | 66.05% | -630 bps | |
| Non-Interest Burden | 1.97% | 2.10% | 2.27% | 2.23% | 2.21% | 2.48% | 2.37% | 2.39% | +15 bps | |
| Growth | ||||||||||
| Asset Growth (YoY) | -1.11% | 5.58% | 4.32% | 4.00% | 1.59% | -4.38% | -2.99% | -2.77% | -677 bps | |
| Loan Growth (YoY) | -1.33% | -1.61% | -2.61% | -6.05% | -9.76% | -9.56% | -7.19% | -3.91% | +214 bps | |
| Deposit Growth (YoY) | 8.23% | 10.98% | 9.33% | 7.57% | -0.03% | -6.50% | -4.64% | -3.92% | -1,149 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 | 0.05% | 0.00% | 0.09% | 0.09% | 0.71% | -0.26% | -0.07% | -0.02% | -11 bps | |
| Allowance / Loans | 0.81% | 0.84% | 1.10% | 1.26% | 0.89% | 1.00% | 1.01% | 1.03% | -23 bps | |
| 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 | 12.29% | 12.69% | 12.97% | 13.51% | 13.46% | 14.23% | 14.42% | 14.64% | +113 bps | |
| Equity / Assets | 8.30% | 8.40% | 8.43% | 8.85% | 8.75% | 9.36% | 9.50% | 9.73% | +88 bps | |
| Liquidity & Funding | ||||||||||
| Loans / Deposits | 80.48% | 77.65% | 77.31% | 75.19% | 72.65% | 75.11% | 75.23% | 75.20% | 0 bps | |
| Liquid Assets / Assets | 0.15% | 2.78% | 2.01% | 0.05% | 0.11% | 0.04% | 0.10% | 0.06% | +1 bps | |
| CRE / Total Capital | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |