First Capital Bancorp, Inc. Reports Net Income of $1.0 Million for the Second Quarter 2013; Net Income of $.07 per Diluted Share

First Capital Bancorp, Inc. Reports Net Income of $1.0 Million for the Second
Quarter 2013; Net Income of $.07 per Diluted Share Outstanding; Annualized
Loan Growth of 19.45%; Annualized Non Interest Bearing Deposit Growth of
43.14%; Non Interest Income Growth of 91.75%

GLEN ALLEN, Va., July 18, 2013 (GLOBE NEWSWIRE) -- First Capital Bancorp, Inc.
(the "Company") (Nasdaq:FCVA) parent company to First Capital Bank (the
"Bank") reported today its financial results for the second quarter of 2013.
For the three months ended June 30, 2013, the Company had net income of $1.0
million and net income available to common shareholders of $915 thousand, or
$0.07 per diluted share, compared to a net loss of $7.8 million and a net loss
available to common shareholders of $7.9 million, or $0.99 per diluted share,
for the same period in 2012.

Earnings

The improvement in quarter over quarter earnings was driven by the overall
condition of the Company's business and business environment and by the
actions taken in the second quarter of 2012 during which the Company raised
capital of $17.8 million and implemented the Asset Resolution Plan. During the
four quarters since the capital raise and implementation of the Asset
Resolution Plan, net income has totaled $3.3 million and net income per common
shareholder has amounted to $.23 per share on a fully diluted basis. This
represents an 11.5% return over that period of time for those shareholders who
participated in the 2012 capital raise.

Net interest income improved to $4.4 million for the quarter ended June 30,
2013, compared to $4.0 million in the second quarter of 2012, an increase of
$432 thousand or 10.85%. The net interest margin for the second quarter of
2013 was 3.61% compared to 3.29% in the second quarter of 2012, a 32 basis
point improvement year over year and a 3 basis point improvement over the
3.58% net interest margin reported in the first quarter of 2013.

Recoveries during the quarter ended June 30, 2013 resulting from previously
charged off loans provided an increase in the allowance for loan losses such
that a provision was not needed. The provision for loan losses was $8.3
million for the second quarter of 2012.The allowance for loan losses
increased at June 30, 2013, to $8.6 million or 2.08% of total loans from $7.3
million or 1.97% of total loans at June 30, 2012, and from $7.3 million or
1.93% of total loans at December 31, 2012.

Noninterest income was $744 thousand for the quarter ended June 30, 2013,
compared to $388 thousand in the second quarter of 2012, an increase of $356
thousand or 91.75%, driven by the increase in gain on sale of mortgage loans
to $303 thousand in the second quarter of 2013 compared to $55 thousand in the
second quarter of 2012.

Total noninterest expense was $3.7 million for the quarter ended June 30,
2013, compared to $7.9 million in the second quarter of 2012, a decrease of
$4.2 million, primarily due to the non-recurring expenses related to the Asset
Resolution Plan and FHLB prepayment penalties incurred during the second
quarter of 2012.

First Capital Bancorp, Inc. Chief Executive Officer, John Presley commented:
"The Board of Directors and management are pleased with the results for both
the second quarter and first half of 2013.Earnings are strong, credit quality
metrics are solid, and the growth in core deposits and loans have us well
positioned for the rest of the year."

Growth

At June 30, 2013, total assets were $538.9 million compared to $542.9 million
at December 31, 2012, a $4.0 million or 0.74% decrease.

Gross loans, excluding loans held for sale, at June 30, 2013 were $412.6
million compared to $376.1 million at December 31, 2012, a $36.5 million or
9.71% increase year to date, and an annualized increase of 19.45%.The
increase in loan balances was due primarily to increased production resulting
primarily from a new lending team member hired in the middle of 2012 and an
increase in demand from our customers.

Investment securities at June 30, 2013, were $74.9 million compared to $89.7
million at December 31, 2012, a decrease of $14.8 million or 16.00%.To fund
the increased loan demand, some higher risk rated bonds were sold and cash
flows generated from the investment portfolio were redirected to meet this
demand.

Total deposits at the end of the second quarter of 2013 decreased $4.2 million
or 0.91% to $454.9 million compared to $459.1 million at December 31, 2012,
however, noninterest bearing deposits increased $13.0 million or 21.57% to
$73.1 million from $60.1 million at December 31, 2012, representing a 43.14%
annualized growth rate in a strategic area of growth for the Bank.

The decrease in the bond portfolio and increase in noninterest bearing
deposits contributed to the favorable rise in net interest margin during the
second quarter of 2013.

First Capital Bank President and CEO, Bob Watts stated "We are very pleased
with the performance of our team as they bring new customers into the bank and
we remain proud of the service we are able to provide all of our customers.It
is gratifying to see the demand for the products and customer service a
community bank such as ours can provide.We look forward to helping more
customers in Central Virginia get to work."

Asset Quality

The allowance for loan losses was $8.6 million or 2.08% of total loans at June
30, 2013, compared to $7.3 million or 1.93% of total loans at December 31,
2012.The increase in the allowance for loan losses was primarily a result of
recoveries of amounts previously charged off.The allowance for loan loss
activity during the second quarter of 2013 was comprised of recoveries of $2.3
million offset by charge-offs of $1.2 million.We believe that the growth in
the level of the allowance for loan losses is reasonable in light of our loan
growth and the uncertainty that remains in the economy.

Delinquencies, categorized as loans past due 30-89 days, continue to show
improvement as well, reported at $1.1 million, or 0.27% of gross loans, at the
end of the second quarter of 2013 down from $2.1 million, or 0.55% of gross
loans, at the end of the 2012 year.

The following table reflects details related to asset quality and the
allowance for loan losses:

                                             June 30,
                                             2013        2012
                                             (Dollars in thousands)
Nonaccrual loans                              $5,108      $9,778
Loans past due 90 days and accruing interest  --         --
Total nonperforming loans                     5,108       9,778
Other real estate owned                       2,158       4,787
Total nonperforming assets                    $7,266      $14,565
                                                        
Allowance for loan losses to period end loans 2.08%       1.97%
Nonperforming assets to total loans & OREO   1.75%       3.90%
Nonperforming assets to total assets          1.35%       2.80%
Allowance for loan losses to nonaccrual loans 168.01%     74.18%
                                                        
                                             Three Months Ended
                                             June 30
                                             2013        2012
Allowance for loan losses                                
Beginning balance                             $7,467      $8,002
Provision for loan losses                     --         8,310
Net charge-offs (recoveries)                  (1,116)    9,059
Ending balance                                $8,583      $7,253

Capital

Total Risk Based Capital at June 30, 2013, was 13.64%, 364 basis points above
the regulatory minimum for well capitalized institutions.Tier One Risk Based
Capital at June 30, 2013, was 12.19%.Additionally, tangible common equity
increased to 7.82% at the end of the second quarter of 2013 compared to 7.72%
at June 30, 2012.

The Bank currently operates seven branches in Innsbrook, near Chesterfield
Towne Center on Koger Center Boulevard, near Willow Lawn on Staples Mill Road,
in Ashland, at Three Chopt and Patterson in Henrico County, at the James
Center in downtown, Richmond, and in Bon Air, Chesterfield County.

Readers are cautioned that this press release contains forward-looking
statements made pursuant to safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are based on
management's current knowledge, assumptions, and analyses, which it believes
are appropriate in the circumstances regarding future events, and may address
issues that involve significant risks including, but not limited to: changes
in interest rates; changes in accounting principles, policies, or guidelines;
significant changes in general economic, competitive, and business conditions;
significant changes in or additions to laws and regulatory requirements; and
significant changes in securities markets. Additionally, such aforementioned
uncertainties, assumptions, and estimates, may cause actual results to differ
materially from the anticipated results or other expectations expressed in the
forward-looking statements.

First Capital Bank...Let's Make it Work

First Capital Bancorp, Inc.
Financial Highlights
(Dollars in thousands, except per share data)
                                                            
                         Three Months Ended      Six Months Ended
                         June 30,                June 30,
                         2013       2012         2013          2012
Selected Operating Data:                                     
                                                            
Interest income           $5,696   $5,785     $11,307     $11,604
Interest expense          1,283     1,804       2,654        3,693
Net interest income      4,413     3,981       8,653        7,911
Provision for loan losses --        8,310       100          8,875
Other noninterest income  599       388         1,169        700
Securities gains          145       --          176          27
Noninterest expense       3,710     7,894       7,320        11,286
Income (Loss) before      1,447     (11,835)    2,578        (11,523)
income tax
Income tax expense        446       (4,056)     783          (4,048)
(benefit)
Net income (loss)         $1,001   $(7,779)   $1,795      $(7,475)
Less: Preferred dividends $86      $129       $172        $266
Net income (loss)
available to common       $915     $(7,908)   $1,623      $(7,741)
shareholders
Basic net income (loss)   $0.08    $(0.99)    $0.14       $(1.42)
per common share
Diluted net income (loss) $0.07    $(0.99)    $0.12       $(1.42)
per common share
                                                            
                         As of and for the Three As of and for the Six Months
                          Months Ended            Ended
                         June 30,                June 30,
                         2013       2012         2013          2012
Balance Sheet Data:                                          
                                                            
Total assets              $538,937   $520,529     $538,937      $520,529
Loans, net                404,037   361,712     404,037      361,712
Deposits                  454,918   438,417     454,918      438,417
Borrowings                33,287    33,081      33,287       33,081
Stockholders' equity      47,625    45,607      47,625       45,607
Book value per share      $3.51      $3.38        $3.51         $3.38
Tangible Common Equity to 7.82%      7.72%        7.82%         7.72%
Assets
Total shares outstanding, 12,023    11,885      12,023       11,885
in thousands
                                                            
Asset Quality Ratios                                         
Allowance for loan losses $8,582     $7,253       $8,582        $7,253
Nonperforming assets     7,266     14,565      7,266        14,565
Net charge-offs           (1,115)   9,059       (1,213)      10,893
(recoveries)
Net charge-off
(recoveries) to average   -0.27%     2.39%        -0.30%        2.89%
loans
Allowance for loan losses 2.08%      1.97%        2.08%         1.97%
to period end loans
Nonperforming assets to   1.75%      3.90%        1.75%         3.90%
total loans & OREO
                                                            
Selected Performance                                         
Ratios:
Return on average assets  0.75%      -5.83%       0.68%         -2.81%
Return on average equity  8.35%      -61.99%      7.60%         -32.87%
Net interest margin (tax  3.61%      3.29%        3.59%         3.23%
equivalent basis)

CONTACT: John M. Presley
         Managing Director and CEO
         804-273-1254
         JPresley@1capitalbank.com
        
         Or
        
         William W. Ranson
         Executive Vice President and CFO
         804-273-1160
         WRanson@1capitalbank.com
 
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