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Bank of Tennessee

Kingsport, TN · Cert 21573 · Banctenn Corp.

State charter, non-member · FDIC · 23 branches

Q2 2026

$2.3BAssets
$1.8BLoans
$1.8BDeposits
$198.0MEquity
Loan mix
89%RE $1.5B10%C&I $0.2B0%Consumer $0.0BQ3 2024Q2 2026
Deposit mix
72%Interest-bearing $1.3B28%Noninterest $0.5BQ3 2024Q2 2026

Market Position · Johnson City, TN · 2026 SOD (annual) · 17.8% share · #2 of 19 inst. · $0.9B of $5.3B

23.8% Sullivan
13.5% Washington
35.3% Carter
14.2% Unicoi

Executive Summary

  • Earnings: ROA of 1.46%, up 27 bps year over year; NIM at 3.80%.
  • Asset quality: problem loans at 0.45% of loans (+6 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.63%, down 4 bps from a year ago.
  • Funding: loans stand at 100.84% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.46%+27 bps YoY

Net Interest Margin (YTD, annualized)

3.80%+36 bps YoY

Efficiency Ratio (YTD, annualized)

56.71%-569 bps YoY

Tier 1 Leverage Ratio

9.63%-4 bps YoY

NIM

4.82%Q2 ’245.08%Q2 ’255.33%Q2 ’26+13%+10%

Non-interest income vs. expense

2.57%Q2 ’242.50%Q2 ’252.43%Q2 ’26-6%+0%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.87%0.89%1.13%1.19%1.22%1.27%1.37%1.46%+27 bps
Return on Equity10.33%10.53%13.27%13.76%14.06%14.40%15.05%16.16%+240 bps
Net Interest Margin3.03%3.13%3.34%3.44%3.45%3.53%3.84%3.80%+36 bps
Efficiency Ratio70.64%69.46%64.27%62.40%61.64%60.21%58.82%56.71%-569 bps
Non-Interest Burden1.97%2.00%1.94%1.93%1.91%1.90%2.07%1.93%0 bps
Growth
Asset Growth (YoY)4.37%4.24%5.27%4.51%8.49%5.95%7.38%13.94%+943 bps
Loan Growth (YoY)4.45%3.61%4.02%0.67%2.34%4.47%9.04%16.14%+1,547 bps
Deposit Growth (YoY)4.95%6.94%4.67%8.45%11.06%5.32%4.58%1.83%-663 bps
Asset Quality
Nonperforming Loans / Loans0.32%0.21%0.29%0.38%0.31%0.44%0.39%0.45%+6 bps
Net Charge-Offs / Loans0.06%0.05%-0.01%0.00%0.04%0.06%-0.05%0.01%+2 bps
Allowance / Loans1.00%0.98%0.97%0.98%0.95%0.95%0.93%0.87%-11 bps
Allowance Coverage of NPLs3.2x4.7x3.3x2.6x3.0x2.2x2.4x2.0x-0.6x
Capital
Tier 1 Leverage Ratio9.40%9.49%9.44%9.67%9.59%9.62%9.74%9.63%-4 bps
Total Risk-Based Capital12.86%12.47%12.60%12.92%13.04%12.86%12.69%12.29%-63 bps
Equity / Assets8.71%8.43%8.58%8.87%8.89%9.22%9.04%8.80%-7 bps
Liquidity & Funding
Loans / Deposits93.64%90.39%88.42%88.41%86.29%89.66%92.19%100.84%+1,243 bps
Liquid Assets / Assets1.06%0.98%1.11%1.24%1.05%1.08%1.07%1.08%-16 bps
CRE / Total Capitaln/an/an/an/a470%481%498%n/an/a