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First Vantage Bank-Tennessee

Knoxville, TN · Cert 27354

FDIC

Q2 2001

$170.6MAssets
$120.8MLoans
$136.9MDeposits
$16.5MEquity
Loan mix
58%RE $25.7M41%C&I $18.2M1%Consumer $0.4MQ2 2000Q2 2001
Deposit mix
80%Interest-bearing $109.4M20%Noninterest $27.5MQ2 2000Q2 2001

NIM

7.03%Q1 ’017.15%Q2 ’01+5%

Non-interest income vs. expense

4.09%Q1 ’014.00%Q2 ’01+1%

Executive Summary

  • Earnings: ROA of 0.64%, down 28 bps year over year; NIM at 4.41%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.21%.
  • Funding: loans stand at 88.23% of deposits as of Q2 2001.

Financial Results

Return on Assets (quarter, annualized)

0.64%-28 bps YoY

Net Interest Margin (quarter, annualized)

4.41%

Efficiency Ratio (quarter, annualized)

77.26%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2000Q3 2000Q4 2000Q1 2001Q2 2001YoY ΔTrend
Earnings
Return on Assets0.92%0.88%1.07%0.62%0.64%-28 bps
Return on Equityn/an/an/an/a6.56%n/an/a
Net Interest Marginn/an/an/a4.20%4.41%n/a
Efficiency Ration/an/an/a80.21%77.26%n/a
Non-Interest Burdenn/an/an/a3.19%3.23%n/a
Growth
Asset Growth (YoY)-7.16%-4.80%-8.41%-20.96%-2.47%+469 bps
Loan Growth (YoY)-1.93%-7.17%-11.72%-14.65%-10.81%-888 bps
Deposit Growth (YoY)-9.03%-10.15%-6.77%-24.20%-6.87%+215 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/an/a0.17%0.21%n/a
Allowance / Loansn/an/an/a1.11%1.11%n/a
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 Capitaln/an/an/a14.72%14.69%n/a
Equity / Assetsn/an/an/a9.85%9.65%n/a
Liquidity & Funding
Loans / Deposits92.13%95.26%88.03%89.11%88.23%-389 bps
Liquid Assets / Assets0.00%0.00%0.00%15.20%15.78%+1,578 bps
CRE / Total Capitaln/an/an/an/an/an/an/a