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John Marshall Bank Reports Continued Strong Growth and Profitability

  John Marshall Bank Reports Continued Strong Growth and Profitability

Business Wire

RESTON, Va. -- February 6, 2014

John Marshall Bank (OTCQB: JMSB) reported net income of $7.1 million for the
year ended December 31, 2013, an increase of $2.1 million, or 41.4%, as
compared to net income of $5.0 million reported for the year ended December
31, 2012.Net income per diluted share increased 31.8% during 2013 to $1.12
per share, compared to $0.85 per share during 2012. As of December 31, 2013,
the Bank’s tangible book value per share was $10.94, up 21.3% compared to
$9.02 as of December 31, 2012.

For the fourth quarter of 2013, the Bank reported net income of $1.9 million,
a 27.3% increase as compared to the same period in 2012. Net income per
diluted share for the fourth quarter of $0.26 represented a 4.0% increase,
compared to $0.25 per share during the same period in 2012. The Bank’s fourth
quarter results produced an annualized return of 1.17% on average assets and
10.03% on average equity, compared to 1.12% and 11.30%, respectively, for the
same period a year ago. For the full year, the Bank produced a 1.18% return on
average assets and 11.67% on average equity, compared to 1.03% and 9.97%,
respectively during 2012.

As previously reported, in November 2013, the Bank completed an offering of
2.4 million shares of common stock at $13.50 per share, for net proceeds after
offering costs of $30.9 million. The Bank’s capital ratios strengthened
significantly due to the offering and are well above regulatory minimums for
well capitalized banks. As of December 31, 2013, the Bank’s total risk-based
capital ratio was 15.7%, compared 10.6% as of September 30, 2013.

The Bank opened its sixth full service branch on December 3, 2013 in
Alexandria, Virginia, replacing a loan production office that had been
operating in the Alexandria market since 2011. As of December 31, 2013, the
Alexandria branch had $64.5 million in deposits and $111.8 million in loans.

                             Balance Sheet Review

At December 31, 2013, total assets were $662.5 million, an increase of $99.2
million, or 17.6%, from total assets of $563.4 million at December 31, 2012.
Gross loans increased $74.8 million, or 15.0%, to $573.4 million at December
31, 2013, compared to $498.6 million at December 31, 2012. The Bank’s
investment portfolio increased to $55.2 million at December 31, 2013, compared
to $43.1 million at December 31, 2012.

Total deposits were $514.9 million at December 31, 2013, representing an
increase of 11.1%, or $51.6 million, compared to December 31, 2012. Total
borrowings, consisting of Federal Home Loan Bank advances and customer
repurchase agreements, were $52.3 million at December 31, 2013, an increase of
14.8%, or $6.7 million, compared to December 31, 2012.

Although total deposits declined slightly during the fourth quarter of 2013,
this was due primarily to an intentional reduction of wholesale funding
sources and a focus on core customer funding sources. During the fourth
quarter certificates of deposit obtained through a deposit listing service
provided by QwickRate, Inc. declined by $7.3 million. Brokered certificates of
deposit declined by $1.1 million and Federal Home Loan Bank advances declined
by $4 million. Core customer funding sources increased by $11.7 million during
the fourth quarter, and by $62.1 million during 2013.

Total stockholder’s equity was $90.7 million at December 31, 2013, an increase
of $37.6 million, or 70.9%, compared to December 31, 2012. The increase in
stockholders’ equity was due to net income of $7.1 million during 2013, net
proceeds of $30.9 million from the Bank’s recent offering, and net proceeds
from the exercise of 1,550 employee stock options during the year. Total
common shares outstanding increased from 5,884,786 at December 31, 2012 to
8,286,336 at December 31, 2013.

                           Income Statement Review

Net interest income

Net interest income, the Bank’s primary source of revenue, was $26.4 million
for the year ended December 31, 2013, up 18.3% from $22.3 million for the year
ended December 31, 2012. The net interest margin was 4.45% for the year ended
December 31, 2013 as compared to 4.63% for the year ended December 31, 2012.

Net interest income was $6.9 million for the fourth quarter of 2013, compared
to $6.2 million for the same period in 2012. The net interest margin declined
from 4.66% during the fourth quarter of 2012 to 4.31% during the fourth
quarter of 2013. The decline in the net interest margin is attributed to a
decline in the Bank’s yield on earning assets from 5.36% during the fourth
quarter of 2012 to 4.94% during the fourth quarter of 2013.

Notwithstanding the decline in the net interest margin during 2013, net
interest income increased by 18.3%, resulting from a $112.2 million, or 23.1%,
increase in average earning assets during the year.

Provision for loan losses

The Bank recognized a provision for loan losses of $760 thousand for the year
ended December 31, 2013, compared to provision of $2.1 million during 2012.
The Bank’s provision for loan losses was $211 thousand during the fourth
quarter of 2013, compared to $540 thousand during the same period in 2012. The
decline in the provision for loan losses was due primarily to a decline in
non-performing and impaired loans, and a resulting decline in allocation of
reserves to cover potential losses on impaired loans. Also contributing to the
decline in the loan loss provision during 2013 was a decline in net loan
charge-offs from $2.0 million in 2012 to $63 thousand in 2013.

Noninterest income

The Bank’s primary source of noninterest income is service charges on deposit
account. Loan fees are included in interest income on the loan portfolio and
not reported as noninterest income. For the year ended December 31, 2013, the
Bank reported total noninterest income of $371 thousand, compared to $257
thousand during the year ended December 31, 2012, an increase of 44.4%. For
the three months ended December 31, 2013, the Bank’s noninterest income was
$104 thousand, compared to $75 thousand during the same period in 2012, an
increase of 38.7%.

Noninterest expense

The largest component of the Bank’s noninterest expense is employee salaries
and benefits. Salary and benefits expense increased by 24.6% during 2013 to
$8.8 million, compared to $7.0 million during 2012. All other operating
expense increased by $472 thousand during 2013, from $5.7 million to $6.2
million, an increase of 8.3%.

For the three months ended December 31, 2013, salary and benefits expense
increased 25.4% to $2.3 million, compared to $1.8 million for the same period
in 2012. All other noninterest expenses totaled $1.5 million during the fourth
quarter of 2013, unchanged the same period in 2012.

The increase in salary and benefits expense was due to additional staffing
required to support the Bank’s growth and branch expansion. The increase in
other operating expenses was due primarily to increased occupancy expense
associated with our Alexandria regional office, and increased data processing
and technology related expenses associated with a growing customer base.

                             Asset Quality Review

Asset quality remains exceptionally strong and is significantly better than
the Bank’s peers. As of December 31, 2013, non-performing assets were 0.04% of
total assets, down from 0.12% at December 31, 2012. The Bank’s allowance for
loan losses covered non-performing loans by 21.4 times as of December 31,
2013, compared to 27.2 times as of December 31, 2012.

Although loans 30-89 days past due and still accruing interest increased by
$1.7 million during the year, this was due to a matured $1.3 million
commercial real estate loan that has since been restructured; and a $334
thousand residential mortgage troubled debt restructuring that was over
30-days past due at December 31, 2013, but has since been brought current.
Both loans are well secured with no impairment. As of December 31, 2013 the
Bank had total troubled debt restructurings of $1.8 million, compared to $2.1
million at December 31, 2012, $1.5 million of which was performing in
accordance with modified terms.

John Marshall Bank is headquartered in Reston, Virginia and has six
full-service branches located in Reston, Falls Church, Leesburg, Arlington,
Alexandria and Rockville. The Bank also has a limited-service commercial
branch located in Washington, DC. Further information on the Bank can be
obtained by visiting its website at www.johnmarshallbank.com.

This press release contains forward-looking statements within the meaning of
the Securities and Exchange Act of 1934, as amended, including statements of
goals, intentions, and expectations as to future trends, plans, events or
results of Bank operations and policies and regarding general economic
conditions. In some cases, forward-looking statements can be identified by use
of words such as “may,” “will,” “anticipates,” “believes,” “expects,” “plans,”
“estimates,” “potential,” “continue,” “should,” and similar words or phrases.
These statements are based upon current and anticipated economic conditions,
nationally and in the Bank’s market, interest rates and interest rate policy,
competitive factors, and other conditions which by their nature, are not
susceptible to accurate forecast, and are subject to significant uncertainty.
Because of these uncertainties and the assumptions on which this discussion
and the forward-looking statements are based, actual future operations and
results may differ materially from those indicated herein. Readers are
cautioned against placing undue reliance on any such forward-looking
statements. The Bank’s past results are not necessarily indicative of future
performance.

                                                                  
John Marshall Bank
                                                                        
Balance Sheets
(Dollar amounts in thousands)
                                                                        
                                                              % Change
                      December 31   September     December    Last      Year
                                    30            31          Three     Over
                      2013          2013          2012        Months    Year
Assets                (Unaudited)   (Unaudited)
                                                                        
Cash and due from     $ 5,978       $ 7,756       $ 9,230     -22.9 %   -35.2  %
banks
Interest-bearing        23,198        30,505        11,316    -24.0 %   105.0  %
deposits in banks
Securities
available-for-sale,     48,743        33,678        35,477    44.7  %   37.4   %
at fair value
Securities
held-to-maturity,
fair value of
$2,625 at               2,466         2,653         3,726     -7.0  %   -33.8  %
12/31/2013, $2,840
at 9/30/2013 and
$4,025 at
12/31/2012
Restricted              4,005         4,138         3,880     -3.2  %   3.2    %
securities, at cost
Loans, net of
allowance for loan
losses of $5,748 in
at 12/31/2013;          566,729       541,416       492,680   4.7   %   15.0   %
$5,589 at 9/30/2013
and $5,051 at
12/31/2012
Bank premises and       3,112         2,551         2,410     22.0  %   29.1   %
equipment, net
Accrued interest        1,894         1,620         1,676     16.9  %   13.0   %
receivable
Other real estate       - -           - -           486       N/M       N/M
Other assets           6,415       3,131       2,505     104.9 %   156.1  %
                                                                        
                      $ 662,540    $ 627,448    $ 563,386   5.6   %   17.6   %
Liabilities and
Shareholders'
Equity
                                                                        
Liabilities
Deposits:
Non-interest
bearing demand        $ 84,350      $ 92,810      $ 88,117    -9.1  %   -4.3   %
deposits
Interest bearing        145,354       127,241       120,709   14.2  %   20.4   %
demand deposits
Savings deposits        5,073         8,213         4,098     -38.2 %   23.8   %
Time deposits          280,149     287,154     250,402   -2.4  %   11.9   %
Total deposits          514,926       515,418       463,326   -0.1  %   11.1   %
Repurchase              13,305        9,482         7,559     40.3  %   76.0   %
agreements
Federal Home Loan       39,000        43,000        38,000    -9.3  %   2.6    %
Bank advances
Accrued interest        132           175           128       -24.6 %   3.1    %
payable
Other liabilities      4,509       1,551       1,309     190.7 %   244.5  %
Total liabilities      571,872     569,626     510,322   0.4   %   12.1   %
                                                                        
Shareholders'
Equity
Common stock,
voting, par value
$5 per share;
authorized
10,000,000 shares;
issued and
outstanding,            41,432        29,424        23,539    40.8  %   76.0   %
8,286,336 shares at
12/31/2013,
5,884,811 at
9/30/2013, and
5,884,786 at
12/31/2012
Additional paid-in      38,605        19,559        25,046    97.4  %   54.1   %
capital
Retained earnings       11,269        9,368         4,180     20.3  %   169.6  %
Accumulated other
comprehensive          (638    )    (529    )    299       20.6  %   -313.4 %
income (loss)
                                                                        
Total shareholders'    90,668      57,822      53,064    56.8  %   70.9   %
equity
                                                                        
                      $ 662,540    $ 627,448    $ 563,386   5.6   %   17.6   %
                                                                        

                                                              
John Marshall Bank
                                                                    
Statements of Income
For the Three Months and Years Ended December 31, 2013 and 2012
(Dollar amounts in thousands, except per share data)
                                                                    
               Three Months Ended                     Year Ended
               December 31                            December 31
               2013          2012          % Change   2013          2012
               (Unaudited)   (Unaudited)              (Unaudited)
Interest and
Dividend
Income
Interest and
fees on        $   7,616     $  6,828      11.5   %   $   29,388    $ 25,230
loans
Interest on
investment         213          174        22.4   %       658         651
securities,
taxable
Interest on
investment         20           16         25.0   %       74          58
securities,
tax-exempt
Dividends          53           41         29.3   %       157         124
Interest on
deposits in       21          12        75.0   %      52         44     
banks
Total
interest and      7,923       7,071     12.0   %      30,329     26,107 
dividend
income
                                                                    
Interest
Expense
Deposits           906          809        12.0   %       3,462       3,404
Federal Home
Loan Bank          111          96         15.6   %       442         360
advances
Other
short-term        11          11        0.0    %      35         37     
borrowings
Total
interest          1,028       916       12.2   %      3,939      3,801  
expense
                                                                    
Net interest       6,895        6,155      12.0   %       26,390      22,306
income
                                                                    
Provision
for loan          211         540       -60.9  %      760        2,050  
losses
                                                                    
Net interest
income after
provision         6,684       5,615     19.0   %      25,630     20,256 
for loan
losses
                                                                    
Noninterest
Income
Service
charges on         86           63         36.5   %       320         211
deposit
accounts
Other
service            18           13         38.5   %       51          48
charges and
fees
Other
operating         - -         (1     )   N/M          - -        (2     )
income
(loss)
Total
noninterest       104         75        38.7   %      371        257    
income
                                                                    
Noninterest
Expenses
Salaries and
employee           2,259        1,802      25.4   %       8,775       7,040
benefits
Occupancy
expense of         359          306        17.3   %       1,425       1,225
premises
Furniture
and                244          199        22.6   %       899         699
equipment
expenses
Other
operating         930         1,061     -12.3  %      3,942      3,770  
expenses
Total
noninterest       3,792       3,368     12.6   %      15,041     12,734 
expenses
                                                                    
Income
before             2,996        2,322      29.0   %       10,960      7,779
income taxes
                                                                    
Income tax        1,094       828       32.1   %      3,871      2,764  
expense
                                                                    
Net income     $   1,902     $  1,494     27.3   %   $   7,089     $ 5,015  
                                                                    
Earnings Per
Share
Basic          $   0.27      $  0.25       8.0    %   $   1.15      $ 0.85
Diluted        $   0.26      $  0.25       4.0    %   $   1.12      $ 0.85
                                                                    

                                                                                               
John Marshall Bank
                                                                                                        
Loan, Deposit and Borrowing Detail
(Dollar amounts in thousands)
                                                                                                        
                      December 31, 2013       September 30, 2013      December 31, 2012       Percentage Change
Loans                 $ Amount      % of      $ Amount      % of      $ Amount      % of      Last 3    Last 12
                                    Total                   Total                   Total     Mos       Mos
Mortgage loans on
real estate
Commercial            $ 366,276     64    %   $ 368,326     67    %   $ 332,741     66.7  %   -0.6  %   10.1  %
Construction and        82,286      14    %     68,513      13    %     53,880      10.8  %   20.1  %   52.7  %
land development
Residential            19,515     3     %    20,102     4     %    20,884     4.2   %   -2.9  %   -6.6  %
Total mortgage
loans on real         $ 468,077     82    %   $ 456,941     83    %   $ 407,505     81.7  %   2.4   %   14.9  %
estate
Commercial loans        104,032     18    %     89,670      16    %     89,372      17.9  %   16.0  %   16.4  %
Consumer loans         1,325      0     %    1,245      0     %    1,725      0.3   %   6.4   %   -23.2 %
Total loans           $ 573,434     100   %   $ 547,856     100   %   $ 498,602     100.0 %   4.7   %   15.0  %
Less: Allowance for     (5,748  )               (5,589  )               (5,051  )
loan losses
Net deferred loan      (957    )              (851    )              (871    )
fees
Net loans             $ 566,729              $ 541,416              $ 492,680 
                                                                                                        
                                                                                                        
                      December 31, 2013       September 30, 2013      December 31, 2012       Percentage Change
Deposits              $ Amount      % of      $ Amount      % of      $ Amount      % of      Last 3    Last 12
                                    Total                   Total                   Total     Mos       Mos
Noninterest-bearing   $ 84,350      16.4  %   $ 92,810      18.0  %   $ 88,117      19.0  %   -9.1  %   -4.3  %
demand deposits
Interest-bearing
demand deposits:
NOW accounts            10,903      2.1   %     6,890       1.3   %     7,802       1.7   %   58.2  %   39.7  %
Money market            134,451     26.1  %     120,350     23.3  %     112,907     24.4  %   11.7  %   19.1  %
accounts
Savings accounts        5,073       1.0   %     8,213       1.6   %     4,098       0.9   %   -38.2 %   23.8  %
Certificates of
deposit
$100,000 or more        140,934     27.4  %     136,429     26.5  %     117,830     25.4  %   3.3   %   19.6  %
Less than $100,000      28,252      5.5   %     29,529      5.7   %     27,473      5.9   %   -4.3  %   2.8   %
QwickRate®
Certificates of         20,761      4.0   %     28,036      5.4   %     29,795      6.4   %   -25.9 %   -30.3 %
deposit
CDARS®                  72,690      14.1  %     74,540      14.5  %     62,059      13.4  %   -2.5  %   17.1  %
Brokered deposits      17,512     3.4   %    18,621     3.6   %    13,245     2.9   %   -6.0  %   32.2  %
Total deposits        $ 514,926    100.0 %   $ 515,418    100.0 %   $ 463,326    100.0 %   -0.1  %   11.1  %
                                                                                                        
Borrowings
Customer repurchase   $ 13,305      25.4  %   $ 9,482       18.1  %   $ 7,559       16.6  %   40.3  %   76.0  %
agreements
Federal Home Loan      39,000     74.6  %    43,000     81.9  %    38,000     83.4  %   -9.3  %   2.6   %
Bank advances
Total borrowings      $ 52,305     100.0 %   $ 52,482     100.0 %   $ 45,559     100.0 %   -0.3  %   14.8  %
                                                                                                        
Total deposits and    $ 567,231              $ 567,900              $ 508,885              -0.1  %   11.5  %
borrowings
                                                                                                        
Core customer         $ 489,958     86.4  %   $ 478,243     84.2  %   $ 427,845     84.1  %   2.4   %   14.5  %
funding sources (1)
Wholesale funding      77,273     13.6  %    89,657     15.8  %    81,040     15.9  %   -13.8 %   -4.6  %
sources (2)
Total funding         $ 567,231    100.0 %   $ 567,900    100.0 %   $ 508,885    100.0 %   -0.1  %   11.5  %
sources
                                                                                                        

      Includes CDARS(r), which are all reciprocal deposits maintained by Bank
(1)  customers, and repurchase agreements, which represent sweep accounts
      tied to customer operating accounts.
(2)   Consists of QwickRate(r) certificates of deposit, brokered deposits and
      Federal Home Loan Bank advances
      

                                                                    
John Marshall Bank
Average Balances Sheets, Interest and Rates
(Dollar amounts in thousands)
                                                                           
                   Year Ended December 31, 2013     Year Ended December 31, 2012
                               Interest   Average               Interest   Average
                   Average     Income-    Yields    Average     Income-    Yields
                   Balance     Expense    /Rates    Balance     Expense    /Rates
Assets
Securities         $ 42,270    $ 889      2.10  %   $ 37,587    $ 833      2.22  %
Loans, net of        530,647     29,388   5.54  %     428,001     25,230   5.89  %
unearned income
Interest-bearing
deposits in         20,376     52       0.26  %    16,462     44       0.27  %
other banks
Total
interest-earning   $ 593,293   $ 30,329   5.11  %   $ 482,050   $ 26,107   5.42  %
assets
Other assets        7,280                           6,114
Total assets       $ 600,573                        $ 488,164
Liabilities &
Shareholders'
equity
Interest-bearing
deposits
NOW accounts       $ 7,179     $ 18       0.25  %   $ 6,547     $ 19       0.29  %
Money market         116,115     577      0.50  %     115,387     674      0.58  %
accounts
Savings accounts     5,709       22       0.39  %     3,285       13       0.40  %
Time deposits       271,350    2,845    1.05  %    206,035    2,698    1.31  %
Total
interest-bearing   $ 400,353   $ 3,462    0.86  %   $ 331,254   $ 3,404    1.03  %
deposits
Securities sold
under agreement
to repurchase      $ 8,554     $ 35       0.41  %   $ 8,371     $ 37       0.43  %
and federal
funds purchased
Other borrowed      43,875     442      1.01  %    29,104     360      1.24  %
funds
Total
interest-bearing   $ 452,782   $ 3,939    0.87  %   $ 368,729   $ 3,801    1.03  %
liabilities
Demand deposits
and other           87,065                          69,108
liabilities
Total              $ 539,847                        $ 437,837
liabilities
Shareholders'       60,726                          50,327
equity
Total
liabilities and    $ 600,573                        $ 488,164
shareholders'
equity
Interest rate                             4.24  %                          4.38  %
spread
Net interest
income and                     $ 26,390   4.45  %               $ 22,306   4.63  %
margin
                                                                           
                                                                           
                   3 Months Ended December 31,      3 Months Ended December 31,
                   2013                             2012
                               Interest   Average               Interest   Average
                   Average     Income-    Yields    Average     Income-    Yields
                   Balance     Expense    /Rates    Balance     Expense    /Rates
Assets
Securities         $ 48,569    $ 286      2.34  %   $ 42,899    $ 230      2.13  %
Loans, net of        554,940     7,616    5.44  %     463,608     6,829    5.86  %
unearned income
Interest-bearing
deposits in         33,308     21       0.25  %    18,404     12       0.26  %
other banks
Total
interest-earning   $ 636,817   $ 7,923    4.94  %   $ 524,911   $ 7,071    5.36  %
assets
Other assets        9,125                           6,762
Total assets       $ 645,942                        $ 531,673
Liabilities &
Shareholders'
equity
Interest-bearing
deposits
NOW accounts       $ 7,281     $ 5        0.27  %   $ 7,068     $ 5        0.28  %
Money market         126,231     159      0.50  %     112,237     142      0.50  %
accounts
Savings accounts     6,795       7        0.41  %     3,525       2        0.23  %
Time deposits       286,415    735      1.02  %    230,474    660      1.14  %
Total
interest-bearing   $ 426,722   $ 906      0.84  %   $ 353,304   $ 809      0.91  %
deposits
Securities sold
under agreement
to repurchase      $ 10,808    $ 11       0.40  %   $ 10,387    $ 11       0.42  %
and federal
funds purchased
Other borrowed      40,783     111      1.08  %    32,522     96       1.17  %
funds
Total
interest-bearing   $ 478,313   $ 1,028    0.85  %   $ 396,213   $ 916      0.92  %
liabilities
Demand deposits
and other           92,432                          82,894
liabilities
Total              $ 570,745                        $ 479,107
liabilities
Shareholders'       75,197                          52,566
equity
Total
liabilities and    $ 645,942                        $ 531,673
shareholders'
equity
Interest rate                             4.09  %                          4.44  %
spread
Net interest
income and                     $ 6,895    4.31  %               $ 6,155    4.66  %
margin
                                                                           

                                                            
John Marshall Bank
Financial Highlights (Unaudited)
(Dollar amounts in thousands, except per share data)
                                                                 
                 At or For the Quarter Ended     At or For the Year Ended
                 December 31                     December 31
                 2013            2012            2013            2012
Per share Data
and Shares
Outstanding
(1)
Earnings per     $ 0.27          $ 0.25          $ 1.15          $ 0.85
share - basic
Earnings per
share -          $ 0.26          $ 0.25          $ 1.12          $ 0.85
diluted
Tangible book
value per        $ 10.94         $ 9.02          $ 10.94         $ 9.02
share
Weighted
average common     7,085,254       5,884,786       6,187,372       5,884,747
shares (basic)
Weighted
average common     7,367,331       5,891,095       6,311,495       5,886,324
shares
(diluted)
Common shares
outstanding at     8,286,336       5,884,786       8,286,336       5,884,786
end of period
                                                                 
Performance
Ratios
Return on
average assets     1.17      %     1.12      %     1.18      %     1.03      %
(annualized)
Return on
average equity     10.03     %     11.30     %     11.67     %     9.97      %
(annualized)
Yield on
earning assets     4.94      %     5.36      %     5.11      %     5.42      %
(annualized)
Cost of
interest
bearing            0.85      %     0.92      %     0.87      %     1.03      %
liabilities
(annualized)
Net interest       4.09      %     4.44      %     4.24      %     4.39      %
spread
Net interest       4.31      %     4.66      %     4.45      %     4.63      %
margin
Noninterest
income as a        0.06      %     0.06      %     0.06      %     0.05      %
percentage of
average assets
Noninterest
expense to         2.33      %     2.52      %     2.50      %     2.61      %
average assets
Efficiency         54.2      %     54.1      %     56.2      %     56.4      %
ratio
                                                                 
Asset Quality
Loans 30-89
days past due    $ 1,657         $ -             $ 1,657         $ -
and accruing
interest
Non-performing   $ 268           $ 668           $ 268           $ 668
assets (2)
Non-performing
assets to          0.04      %     0.12      %     0.04      %     0.12      %
total assets
Allowance for
loan losses to     1.00      %     1.01      %     1.00      %     1.01      %
total loans
Allowance for
loan losses to     21.4            27.7            21.4            27.8
non-performing
loans
Net loan
chargeoffs       $ 52            $ 54            $ 63            $ 1,998
(recoveries)
Net
charge-offs to     0.04      %     0.05      %     0.01      %     0.47      %
average loans
(annualized)
Troubled debt
restructurings   $ 1,809         $ 2,060         $ 1,809         $ 2,060
(total)
Performing in
accordance       $ 1,475         $ 2,060         $ 1,475         $ 2,060
with modified
terms
Not performing
in accordance    $ 334           $ -             $ 334           $ -
with modified
terms
Other real       $ -             $ 486           $ -             $ 486
estate owned
                                                                 
Regulatory
Capital Ratios
Total
risk-based         15.7      %     10.8      %     15.7      %     10.8      %
capital ratio
Tier 1
risk-based         14.8      %     9.9       %     14.8      %     9.9       %
capital ratio
Leverage ratio     14.1      %     9.9       %     14.1      %     9.9       %
                                                                 
Other
Information
Effective
income tax         36.5      %     35.7      %     35.3      %     35.5      %
rate
Tangible
equity /           13.7      %     9.4       %     13.7      %     9.4       %
tangible
assets
Average
tangible
equity /           11.6      %     9.9       %     10.1      %     10.3      %
average
tangible
assets
Number of full
time               82              70              82              70
equivalent
employees
# Full service     6               5               6               5
branch offices
# Loan
production         1               2               1               2
offices
                                                                 

      Shares and per share amounts for all periods have been adjusted to
(1)  reflect a 5 for 4 stock split in the form of a 25% stock dividend paid
      on July 22, 2013
      Non-performing assets consist of non-accrual loans, loans 90 day or more
(2)   past due and still accruing interest, and foreclosed properties. Does
      not include troubled debt restructurings ("TDRs") which were accruing
      interest at the date indicated.
      

Contact:

John Marshall Bank
John R. Maxwell, 703-584-0840
 
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