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First Bank of Tennessee

Spring City, TN · Cert 10693

FDIC · 13 branches

Q2 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets operating regionally3

Basis

Quarter: Q2 2024, the quarter ended June 30, 2024, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets operating regionally (n=104 to 105). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

4

Q2 2024Q2 2024peer median (50)

Asset Quality

32

Q2 2024Q2 2024peer median (50)

Profitability

26

Q2 2024Q2 2024peer median (50)

Liquidity

62

Q2 2024Q2 2024peer median

Efficiency

2

Q2 2024Q2 2024peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

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

First Bank of Tennessee

Spring City, TN · Cert 10693

FDIC · 13 branches

Q2 2024

$683.0MAssets
$481.5MLoans
$619.3MDeposits
$48.5MEquity
Loan mix
83%RE $305.9M16%C&I $58.7M1%Consumer $3.5MQ3 2022Q2 2024
Deposit mix
78%Interest-bearing $485.8M22%Noninterest $133.5MQ3 2022Q2 2024

Market Position · Chattanooga, TN-GA · 2024 SOD (annual) · 1.0% share · #18 of 29 inst. · $0.2B of $15.1B

45.5% Rhea
16.5% Roane
13.6% Walker
24.9% Polk

Executive Summary

  • Earnings: ROA of -3.11%, down 477 bps year over year; NIM at 3.79%.
  • Asset quality: problem loans at 0.76% of loans (-27 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 8.34%, down 196 bps from a year ago.
  • Funding: loans stand at 77.74% of deposits as of Q2 2024.

Return on Assets (YTD, annualized)

-3.11%-477 bps YoY

Net Interest Margin (YTD, annualized)

3.79%-63 bps YoY

Efficiency Ratio (YTD, annualized)

165.56%+9,933 bps YoY

Tier 1 Leverage Ratio

8.34%-196 bps YoY

NIM

3.98%Q2 ’225.13%Q2 ’235.23%Q2 ’24+17%-14%

Non-interest income vs. expense

3.67%Q2 ’223.48%Q2 ’237.47%Q2 ’24+1%+155%

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023Q4 2023Q1 2024Q2 2024YoY ΔTrend
Earnings
Return on Assets0.74%0.78%0.91%1.66%1.27%1.17%0.89%-3.11%-477 bps
Return on Equity9.13%9.50%10.55%19.22%15.04%13.73%10.14%-37.72%-5,695 bps
Net Interest Margin4.00%4.13%4.20%4.43%4.19%4.10%3.78%3.79%-63 bps
Efficiency Ratio75.90%75.37%74.95%66.23%72.00%72.98%74.11%165.56%+9,933 bps
Non-Interest Burden2.80%2.88%2.94%2.65%2.81%2.80%2.62%6.75%+410 bps
Growth
Asset Growth (YoY)-3.74%-4.29%-4.57%-3.29%1.62%0.95%2.30%-2.32%+97 bps
Loan Growth (YoY)10.07%8.52%0.96%-0.83%-2.16%-4.55%-3.59%-9.71%-888 bps
Deposit Growth (YoY)-2.33%-6.49%-7.20%-7.21%-1.28%3.04%4.37%1.36%+857 bps
Asset Quality
Nonperforming Loans / Loans0.75%0.90%0.98%1.03%1.07%0.77%0.76%0.76%-27 bps
Net Charge-Offs / Loans0.14%0.09%0.08%-0.63%-0.39%-0.29%0.05%0.05%+68 bps
Allowance / Loans1.19%1.27%1.19%1.26%1.27%1.29%1.31%1.39%+13 bps
Allowance Coverage of NPLs1.6x1.4x1.2x1.2x1.2x1.7x1.7x1.8x+0.6x
Capital
Tier 1 Leverage Ratio9.52%9.88%10.11%10.30%9.80%9.98%10.21%8.34%-196 bps
Total Risk-Based Capital9.52%9.88%10.11%10.30%9.80%9.98%10.21%8.34%-196 bps
Equity / Assets7.82%8.34%8.82%8.72%7.90%8.81%8.80%7.10%-162 bps
Liquidity & Funding
Loans / Deposits85.69%89.43%86.70%87.27%84.92%82.85%80.09%77.74%-953 bps
Liquid Assets / Assets3.49%3.20%5.89%6.34%9.01%9.22%12.08%13.46%+712 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a

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. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

First Bank of Tennessee

Spring City, TN · Cert 10693 · Peer group: banks under $1B in assets operating regionally (n=104-105)

FDIC · 13 branches

Q2 2024

$683.0MAssets
$481.5MLoans
$619.3MDeposits
$48.5MEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 76% of banks under $1B in assets operating regionally (rank 25 of 104).
  • Widest gap: total risk-based capital ratio trails 100% of banks under $1B in assets operating regionally (rank 105 of 105).
  • Overall: at or above the peer median on 1 of 9 directional measures.

Return on Assets

-3.18%

Rank 104 of 105

Net Interest Margin

3.79%

Rank 25 of 104

Efficiency Ratio

165.56%

Rank 104 of 105

Equity / Assets

7.10%

Rank 92 of 105

Non-interest income vs. expense

$5.1M$53.0MINCOMEEXPENSE
Unfavorable gap of $47.9M · efficiency ratio beats 2% of banks under $1B in assets operating regionally
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets-3.18%0.48%0.77%1.09%Beats 1%104 / 105n/a
Return on Equity-44.77%5.36%8.82%11.64%Beats 1%104 / 105n/a
Net Interest Margin3.79%2.92%3.37%3.78%Beats 76%25 / 104n/a
Efficiency Ratio165.56%62.51%70.97%80.37%Beats 2%104 / 105n/a
Asset Quality
Nonperforming Loans / Loans0.76%0.11%0.35%0.90%Beats 35%69 / 105n/a
Net Charge-Offs / Loans0.04%0.00%0.01%0.04%Beats 29%76 / 105n/a
Capital
Tier 1 Capital Ratio8.34%10.07%11.65%13.82%Beats 0%105 / 105n/a
Total Risk-Based Capital Ratio8.34%10.29%12.23%14.84%Beats 0%105 / 105n/a
Equity / Assets7.10%7.81%9.13%10.85%Beats 12%92 / 105n/a
Liquidity & Funding
Loans / Deposits77.74%76.72%84.74%93.36%30th pctl74 / 105n/a
Loans / Assets70.49%66.82%71.77%79.22%45th pctl58 / 105n/a
Brokered Deposits / Depositsn/aNot reported for this institution