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Gates Banking and Trust Company

Gates, TN · Cert 10306

FDIC · 1 branch

Q2 2023

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2023, the quarter ended June 30, 2023, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Gates Banking and Trust Company

Gates, TN · Cert 10306

FDIC · 1 branch

Q2 2023

$41.2MAssets
$13.4MLoans
$36.4MDeposits
$4.3MEquity
Loan mix
77%RE $9.3M22%C&I $2.7M2%Consumer $0.2MQ2 2022Q2 2023
Deposit mix
81%Interest-bearing $29.5M19%Noninterest $6.9MQ2 2022Q2 2023

NIM

2.48%Q2 ’212.32%Q2 ’222.91%Q2 ’23-9%-11%

Non-interest income vs. expense

1.69%Q2 ’211.63%Q2 ’221.87%Q2 ’23-6%+15%

Executive Summary

  • Earnings: ROA of 0.23%, down 40 bps year over year; NIM at 1.84%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.68%, up 192 bps from a year ago.
  • Funding: loans stand at 36.75% of deposits as of Q2 2023.

Financial Results

Return on Assets (YTD, annualized)

0.23%-40 bps YoY

Net Interest Margin (YTD, annualized)

1.84%-22 bps YoY

Efficiency Ratio (YTD, annualized)

94.34%+1,974 bps YoY

Tier 1 Leverage Ratio

11.68%+192 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2022Q3 2022Q4 2022Q1 2023Q2 2023YoY ΔTrend
Earnings
Return on Assets0.63%0.64%0.50%0.31%0.23%-40 bps
Return on Equity6.69%7.33%5.91%3.75%2.51%-418 bps
Net Interest Margin2.06%2.04%1.87%1.83%1.84%-22 bps
Efficiency Ratio74.60%73.80%77.50%90.44%94.34%+1,974 bps
Non-Interest Burden1.50%1.47%1.42%1.64%1.73%+23 bps
Growth
Asset Growth (YoY)10.17%5.75%1.20%-7.43%-31.20%-4,137 bps
Loan Growth (YoY)23.29%28.93%21.25%-5.72%-23.04%-4,633 bps
Deposit Growth (YoY)16.61%11.98%5.95%-7.51%-34.32%-5,093 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.76%1.78%2.14%2.10%2.29%+53 bps
Allowance Coverage of NPLsn/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.77%9.88%9.26%10.92%11.68%+192 bps
Total Risk-Based Capital17.21%17.90%20.43%20.21%22.30%+508 bps
Equity / Assets7.01%6.87%7.82%8.99%10.56%+354 bps
Liquidity & Funding
Loans / Deposits31.37%33.22%29.37%33.32%36.75%+539 bps
Liquid Assets / Assets0.09%0.18%0.20%0.35%0.42%+33 bps
CRE / Total Capitaln/an/an/an/an/an/an/a