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Carter County Bank

Elizabethton, TN · Cert 15685

FDIC

Q4 2012

$265.8MAssets
$160.7MLoans
$208.2MDeposits
$25.9MEquity
Loan mix
89%RE $126.3M6%C&I $9.0M4%Consumer $6.3MQ4 2011Q4 2012
Deposit mix
84%Interest-bearing $174.8M16%Noninterest $33.4MQ4 2011Q4 2012

NIM

4.91%Q4 ’104.48%Q4 ’114.08%Q4 ’12-2%-5%

Non-interest income vs. expense

2.77%Q4 ’103.28%Q4 ’113.67%Q4 ’12+29%+15%

Executive Summary

  • Earnings: ROA of 0.33%, down 37 bps year over year; NIM at 3.33%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.02%.
  • Funding: loans stand at 77.15% of deposits as of Q4 2012.

Financial Results

Return on Assets (YTD, annualized)

0.33%-37 bps YoY

Net Interest Margin (YTD, annualized)

3.33%-17 bps YoY

Efficiency Ratio (YTD, annualized)

89.17%+1,229 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets0.69%0.45%0.53%0.51%0.33%-37 bps
Return on Equity7.48%4.74%5.58%5.31%3.35%-413 bps
Net Interest Margin3.49%3.27%3.24%3.32%3.33%-17 bps
Efficiency Ratio76.89%70.78%82.36%84.01%89.17%+1,229 bps
Non-Interest Burden2.51%2.10%2.54%2.66%2.88%+37 bps
Growth
Asset Growth (YoY)-0.70%0.72%-0.48%-3.61%-1.67%-97 bps
Loan Growth (YoY)-8.36%-10.07%-9.15%-8.28%-10.09%-173 bps
Deposit Growth (YoY)-1.14%-0.25%-0.93%-3.10%-0.02%+112 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.00%0.58%0.41%0.30%1.02%+2 bps
Allowance / Loans1.79%1.94%2.04%2.07%1.40%-38 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital15.33%15.37%15.89%16.12%16.21%+87 bps
Equity / Assets9.63%9.37%9.62%10.14%9.75%+12 bps
Liquidity & Funding
Loans / Deposits85.79%82.08%81.73%82.08%77.15%-864 bps
Liquid Assets / Assets1.27%2.40%2.48%1.66%2.17%+90 bps
CRE / Total Capitaln/an/an/an/an/an/an/a