Xenith Bankshares (HMPR) 8-K/A Results of Operations and Financial Condition

Exhibit 99.1

Hampton Roads Bankshares, Inc.

Financial Highlights

Unaudited

(in thousands, except per share data)

Operating Results	Q3 2009			Q2 2009			Q3 2008
Interest income	$	37,388		$	37,728		$	12,370
Interest expense		10,911			11,829			4,848
Net interest income		26,477			25,899			7,522
Provision for loan losses		33,662			33,706			280
Noninterest income		7,232			5,655			1,801
Noninterest expense		21,706			50,330			6,540
Income tax expense (benefit)		(8,282	)		(9,253	)		807
Net income (loss)		(13,377	)		(43,229	)		1,696
Preferred stock dividend and accretion of discount		1,360			2,995			—
Net income (loss) available to common shareholders		(14,737	)		(46,224	)		1,696

Per Share Data
Earnings (loss) per share:
Basic	$	(0.68	)	$	(2.13	)	$	0.13
Diluted		(0.68	)		(2.13	)		0.13
Common dividends declared		—			0.11			0.11
Book value per common share		6.94			7.57			8.21
Book value per common share - tangible		3.92			4.45			5.86
Balance Sheet at Period-End
Total assets	$	2,938,994		$	3,050,898		$	917,825
Gross loans		2,514,789			2,598,639			796,875
Allowance for loan losses		99,178			84,491			8,692
Total securities		131,524			153,201			41,908
Intangible assets		66,033			67,937			31,097
Total deposits		2,314,293			2,276,881			675,399
Total borrowings		315,177			447,691			127,263
Shareholders’ equity		286,309			299,231			108,520
Shareholders’ equity - tangible		220,276			231,294			77,423
Common shareholders’ equity		151,704			164,987			108,520
Common shareholders’ equity - tangible		85,671			97,050			77,423
Daily Averages
Total assets	$	2,979,941		$	3,086,892		$	857,824
Gross loans		2,557,046			2,609,810			735,419
Total securities		148,518			159,740			43,074
Intangible assets		67,825			94,660			15,552
Total deposits		2,314,806			2,289,573			631,643
Total borrowings		340,363			434,208			112,344
Shareholders’ equity		299,596			330,307			107,286
Shareholders’ equity - tangible		231,771			235,647			91,734
Common shareholders’ equity		165,229			194,275			107,286
Common shareholders’ equity - tangible		97,404			99,615			91,734
Interest-earning assets		2,765,698			2,802,569			783,600
Interest-bearing liabilities		2,409,976			2,464,027			619,476
Financial Ratios	Q3 2009			Q2 2009			Q3 2008
Return on average assets		-1.78	%		-5.62	%		0.79	%
Return on average common equity		-35.39	%		-95.43	%		6.29	%
Return on average common equity - tangible		-60.03	%		-186.12	%		7.36	%
Net interest margin		3.80	%		3.71	%		3.82	%

Efficiency ratio		69.99	%		159.50	%		70.15	%
Efficiency ratio excluding goodwill impairment		69.99	%		70.84	%		70.15	%
Tangible common equity to tangible assets		2.98	%		3.25	%		8.73	%
Allowance for Loan Losses
Beginning balance	$	84,491		$	52,198		$	8,525
Provision for losses		33,662			33,706			280
Charge-offs		(19,080	)		(1,499	)		(155	)
Recoveries		105			86			42
Allowance acquired through merger		—			—			—
Ending balance		99,178			84,491			8,692
Nonperforming Assets at Period-End
Nonaccrual loans - SOP 03-3	$	66,104		$	84,060		$	—
Nonaccrual loans - all other		109,339			58,780			1,607
Nonaccrual loans		175,443			142,840			1,607
Loans 90 days past due and still accruing interest		172			271			601
Other real estate owned		8,934			7,780			1,126
Total nonperforming assets		184,549			150,891			3,334
Asset Quality Ratios
Annualized net chargeoffs (recoveries) to average loans		2.94	%		0.22	%		0.06	%
Nonperforming loans to total loans		6.98	%		5.51	%		0.28	%
Nonperforming assets to total assets		6.28	%		4.95	%		0.36	%
Allowance for loan losses to total loans		3.94	%		3.25	%		1.09	%
Noninterest Income
Service charges on deposit accounts	$	2,054		$	2,073		$	1,017
Income on bank owned life insurance		412			405			—
Gain on sale of investment securities		2,695			—			—

Mortgage banking income		678			1,397			—
Insurance income		1,064			1,100			—
Title insurance income		179			239			—
Retail brokerage income		108			85			—
Other income		42			356			784
Total noninterest income		7,232			5,655			1,801
Noninterest Expense
Salaries and benefits	$	10,366		$	10,546		$	3,136
Occupancy expense		2,232			2,165			937
Equipment expense		1,215			1,462			97
Data processing expense		1,472			1,295			427
FDIC insurance expense		1,328			2,661			79
Impairment of goodwill		—			27,976			—
Other expense		5,093			4,225			1,864
Total noninterest expense		21,706			50,330			6,540
Composition of Loan Portfolio at Period-End	Q3 2009			Q2 2009			Q3 2008
Commercial	$	381,985		$	444,203		$	143,134
Construction		806,292			884,219			169,341
Real-estate commercial		744,209			701,434			256,645
Real-estate residential		542,928			529,109			196,748
Installment		40,207			40,697			30,990
Deferred loan fees and related costs		(832	)		(1,023	)		17
Total loans		2,514,789			2,598,639			796,875
Composition of Deposit Portfolio at Period-End
Noninterest bearing demand	$	274,688		$	268,715		$	125,031
Interest bearing demand		473,732			494,156			107,361
Savings		109,178			112,630			89,336
Time deposits less than $100,000		583,891			566,486			177,930
Time deposits $100,000 or more		392,641			373,697			121,741
Brokered deposits		480,163			461,197			54,000
Total deposits		2,314,293			2,276,881			675,399

Other Data
Number of employees (full-time equivalent)	696	719	265
Number of full service offices	62	62	26
Number of loan production offices	1	1	—
Number of ATM’s	74	74	25

(1) Represents acquired loans which were recorded at their estimated present values at the acquisition date, in accordance with AICPA Statement of Position 03-3

Hampton Roads Bankshares, Inc.

Financial Highlights

Unaudited

(in thousands, except per share data)

	Nine months ended
Operating Results	September 30, 2009			September 30, 2008
Interest income	$	114,647		$	31,463
Interest expense		36,197			12,878
Net interest income		78,450			18,585
Provision for loan losses		68,557			824
Noninterest income		19,327			4,645
Noninterest expense		91,884			15,141
Income tax expense (benefit)		(13,425	)		2,435
Net income (loss)		(49,239	)		4,830
Preferred stock dividend and accretion of discount		7,319			—
Net income (loss) available to common shareholders		(56,558	)		4,830
Per Share Data
Earnings (loss) per share:
Basic	$	(2.60	)	$	0.42
Diluted		(2.60	)		0.41
Common dividends declared		0.22			0.33

Book value per common share		6.94			8.21
Book value per common share - tangible		3.92			5.86
Balance Sheet at Period-End
Total assets	$	2,938,994		$	917,825
Gross loans		2,514,789			796,875
Allowance for loan losses		99,178			8,692
Total securities		131,524			41,908
Intangible assets		66,033			31,097
Total deposits		2,314,293			675,399
Total borrowings		315,177			127,263
Shareholders’ equity		286,309			108,520
Shareholders’ equity - tangible		220,276			77,423
Common shareholders’ equity		151,704			108,520
Common shareholders’ equity - tangible		85,671			77,423
Daily Averages
Total assets	$	3,074,075		$	701,259
Gross loans		2,586,189			593,658
Total securities		161,462			42,173
Intangible assets		80,166			13,853
Total deposits		2,279,728			527,941
Total borrowings		430,611			76,154
Shareholders’ equity		328,187			88,796
Shareholders’ equity - tangible		248,021			74,943
Common shareholders’ equity		193,291			88,796
Common shareholders’ equity - tangible		113,125			74,943
Interest-earning assets		2,793,751			650,299
Interest-bearing liabilities		2,461,271			497,581
Financial Ratios	September 30, 2009			September 30, 2008
Return on average assets		-2.14	%		0.92	%
Return on average common equity		-39.12	%		7.27	%
Return on average common equity - tangible		-66.84	%		8.61	%
Net interest margin		3.75	%		3.82	%
Efficiency ratio		96.64	%		66.49	%
Efficiency ratio excluding goodwill impairment		67.21	%		66.49	%
Tangible common equity to tangible assets		2.98	%		8.73	%
Allowance for Loan Losses
Beginning balance	$	51,218		$	5,043

Provision for losses		68,557			824
Charge-offs		(20,977	)		(165	)
Recoveries		380			58
Allowance acquired through merger		—			2,932
Ending balance		99,178			8,692
Nonperforming Assets at Period-End
Nonaccrual loans - SOP 03-3	$	66,104		$	—
Nonaccrual loans - all other		109,339			1,607
Total nonaccrual loans		175,443			1,607
Loans 90 days past due and still accruing interest		172			601
Other real estate owned		8,934			1,126
Total nonperforming assets		184,549			3,334
Asset Quality Ratios
Annualized net chargeoffs (recoveries) to average loans		1.06	%		0.02	%
Nonperforming loans to total loans		6.98	%		0.28	%
Nonperforming assets to total assets		6.28	%		0.36	%
Allowance for loan losses to total loans		3.94	%		1.09	%
Noninterest Income
Service charges on deposit accounts		6,186			2,157
Income on bank owned life insurance		1,217			—
Gain on sale of investment securities		2,695			457
Mortgage banking income		3,717			—
Insurance income		3,265			—
Title insurance income		629			—
Retail brokerage income		239			—
Other income		1,379			2,031
Total noninterest income		19,327			4,645
Noninterest Expense
Salaries and benefits	$	32,146		$	8,190

Occupancy expense		6,316			1,970
Equipment expense		3,706			165
Data processing expense		3,965			841
FDIC insurance expense		4,629			163
Impairment of goodwill		27,976			—
Other expense		13,146			3,812
Total noninterest expense		91,884			15,141
Composition of Loan Portfolio at Period-End	September 30, 2009			September 30, 2008
Commercial	$	381,985		$	143,134
Construction		806,292			169,341
Real-estate commercial		744,209			256,645
Real-estate residential		542,928			196,748
Installment		40,207			30,990
Deferred loan fees and related costs		(832	)		17
Total loans		2,514,789			796,875
Composition of Deposit Portfolio at Period-End
Noninterest bearing demand	$	274,688		$	125,031
Interest bearing demand		473,732			107,361
Savings		109,178			89,336
Time deposits less than $100,000		583,891			177,930
Time deposits $100,000 or more		392,641			121,741
Brokered deposits		480,163			54,000
Total deposits		2,314,293			675,399
Other Data
Number of employees (full-time equivalent)		696			265
Number of full service offices		62			26
Number of loan production offices		1			—
Number of ATM’s		74			25

(1) Represents acquired loans which were recorded at their estimated present values at the acquisition date, in accordance with AICPA Statement of Position 03-3

CONTACT:	Tiffany K. Glenn, Executive Vice President
	Investor Relations Officer
	Neal A. Petrovich, Executive Vice President
	Chief Financial Officer