First Volunteer Bank of East Tennessee

Jacksboro, TN · Cert 1466

FDIC

Q2 2001

$104.0MAssets

$65.7MLoans

$93.9MDeposits

$9.4MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 1.75%, down 7 bps year over year; NIM at 4.73%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.27%.
Funding: loans stand at 69.95% of deposits as of Q2 2001.

Return on Assets (YTD, annualized)

1.75%-7 bps YoY

Net Interest Margin (YTD, annualized)

4.73%

Efficiency Ratio (YTD, annualized)

52.91%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q3 1999	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	YoY Δ	Trend
Earnings
Return on Assets	1.64%	1.54%	1.71%	1.82%	1.85%	1.88%	1.64%	1.75%	-7 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	4.63%	4.73%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	50.74%	52.91%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	n/a	1.82%	1.95%	n/a
Growth
Asset Growth (YoY)	3.55%	-3.07%	-4.86%	3.27%	0.61%	9.37%	13.05%	8.51%	+524 bps
Loan Growth (YoY)	9.10%	-1.70%	6.85%	7.47%	8.34%	14.96%	11.65%	12.49%	+502 bps
Deposit Growth (YoY)	4.24%	-3.17%	-5.24%	3.75%	-0.17%	8.82%	12.34%	7.21%	+346 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	0.10%	0.27%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	1.21%	1.14%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	14.55%	14.81%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	8.49%	9.04%	n/a
Liquidity & Funding
Loans / Deposits	67.34%	65.07%	66.41%	66.67%	73.08%	68.74%	66.00%	69.95%	+328 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.05%	1.06%	+106 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a