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Cumberland Bank

Carthage, TN · Cert 31857

FDIC

Q2 2004

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2004, the quarter ended June 30, 2004, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Cumberland Bank

Carthage, TN · Cert 31857

FDIC

Q2 2004

$282.5MAssets
$193.6MLoans
$238.0MDeposits
$22.5MEquity
Loan mix
37%RE $59.1M63%C&I $100.5M0%Consumer $0.0MQ2 2003Q2 2004
Deposit mix
89%Interest-bearing $212.8M11%Noninterest $25.2MQ2 2003Q2 2004

NIM

7.04%Q2 ’026.12%Q2 ’035.01%Q2 ’04-2%-20%

Non-interest income vs. expense

3.40%Q2 ’023.69%Q2 ’033.50%Q2 ’04+21%-8%

Executive Summary

  • Earnings: ROA of 0.43%, up 14 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.38%.
  • Funding: loans stand at 81.33% of deposits as of Q2 2004.

Financial Results

Return on Assets (YTD, annualized)

0.43%+14 bps YoY

Net Interest Margin (YTD, annualized)

3.38%-84 bps YoY

Efficiency Ratio (YTD, annualized)

80.35%+905 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2003Q3 2003Q4 2003Q1 2004Q2 2004YoY ΔTrend
Earnings
Return on Assets0.29%0.37%0.42%0.37%0.43%+14 bps
Return on Equity3.93%5.06%5.66%4.79%5.57%+165 bps
Net Interest Margin4.22%3.60%3.57%3.44%3.38%-84 bps
Efficiency Ratio71.30%73.44%74.21%81.11%80.35%+905 bps
Non-Interest Burden2.73%2.28%2.31%2.63%2.52%-21 bps
Growth
Asset Growth (YoY)6.55%6.39%2.60%1.28%-5.34%-1,189 bps
Loan Growth (YoY)3.82%-1.62%-4.89%-9.47%-14.68%-1,850 bps
Deposit Growth (YoY)2.27%0.93%-0.16%-1.18%-5.51%-778 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.55%1.19%1.08%0.38%0.38%-117 bps
Allowance / Loans1.27%1.26%1.20%1.25%1.36%+9 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 Capital10.72%10.80%11.17%11.67%12.71%+199 bps
Equity / Assets7.31%7.43%7.60%7.73%7.95%+64 bps
Liquidity & Funding
Loans / Deposits90.07%88.92%87.04%84.29%81.33%-874 bps
Liquid Assets / Assets2.55%2.91%3.71%3.87%3.28%+73 bps
CRE / Total Capitaln/an/an/an/an/an/an/a