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Jackson Bank & Trust

Gainesboro, TN · Cert 2377

FDIC

Q2 2005

$169.7MAssets
$110.7MLoans
$139.2MDeposits
$17.9MEquity
Loan mix
89%RE $64.2M11%C&I $7.7M0%Consumer $0.1MQ2 2004Q2 2005
Deposit mix
85%Interest-bearing $118.7M15%Noninterest $20.4MQ2 2004Q2 2005

NIM

5.46%Q2 ’035.15%Q2 ’045.36%Q2 ’05-1%-1%

Non-interest income vs. expense

3.33%Q2 ’033.15%Q2 ’043.77%Q2 ’05-11%+42%

Executive Summary

  • Earnings: ROA of 0.49%, down 68 bps year over year; NIM at 3.56%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.33%.
  • Funding: loans stand at 79.55% of deposits as of Q2 2005.

Financial Results

Return on Assets (quarter, annualized)

0.49%-68 bps YoY

Net Interest Margin (quarter, annualized)

3.56%-3 bps YoY

Efficiency Ratio (quarter, annualized)

83.99%+1,763 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets1.17%1.09%1.09%1.07%0.49%-68 bps
Return on Equity11.34%10.45%10.24%10.31%4.71%-663 bps
Net Interest Margin3.59%3.67%3.68%3.61%3.56%-3 bps
Efficiency Ratio66.36%67.80%66.83%66.70%83.99%+1,763 bps
Non-Interest Burden2.00%2.19%2.18%2.11%2.84%+85 bps
Growth
Asset Growth (YoY)6.07%7.22%6.01%5.19%4.87%-120 bps
Loan Growth (YoY)12.59%13.39%11.88%7.59%2.49%-1,010 bps
Deposit Growth (YoY)6.86%7.64%6.50%5.93%4.75%-212 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.27%0.07%0.19%-0.05%0.33%+6 bps
Allowance / Loans1.69%1.61%1.55%1.58%1.58%-11 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 Capital16.94%16.95%17.21%17.23%17.65%+70 bps
Equity / Assets10.23%10.58%10.61%10.16%10.58%+34 bps
Liquidity & Funding
Loans / Deposits81.31%82.33%81.92%79.49%79.55%-175 bps
Liquid Assets / Assets0.19%0.21%0.23%0.16%0.35%+16 bps
CRE / Total Capitaln/an/an/an/an/an/an/a