First Vantage Bank-Tennessee

Knoxville, TN · Cert 27354

FDIC

Q2 2001

$170.6MAssets

$120.8MLoans

$136.9MDeposits

$16.5MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 0.63%, down 29 bps year over year; NIM at 4.28%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.19%.
Funding: loans stand at 88.23% of deposits as of Q2 2001.

Return on Assets (YTD, annualized)

0.63%-29 bps YoY

Net Interest Margin (YTD, annualized)

4.28%

Efficiency Ratio (YTD, annualized)

78.72%

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	1.03%	1.09%	0.74%	0.92%	0.88%	1.07%	0.62%	0.63%	-29 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	4.20%	4.28%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	80.21%	78.72%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	n/a	3.19%	3.20%	n/a
Growth
Asset Growth (YoY)	-6.49%	-6.96%	9.95%	-7.16%	-4.80%	-8.41%	-20.96%	-2.47%	+469 bps
Loan Growth (YoY)	9.13%	1.55%	1.29%	-1.93%	-7.17%	-11.72%	-14.65%	-10.81%	-888 bps
Deposit Growth (YoY)	-8.95%	-11.83%	7.76%	-9.03%	-10.15%	-6.77%	-24.20%	-6.87%	+215 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	0.17%	0.19%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	1.11%	1.11%	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	14.72%	14.69%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	9.85%	9.65%	n/a
Liquidity & Funding
Loans / Deposits	92.20%	92.97%	79.14%	92.13%	95.26%	88.03%	89.11%	88.23%	-389 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	15.20%	15.78%	+1,578 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a