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Franklin National Bank

Franklin, TN · Cert 32712

FDIC

Q2 2009

$6.9BAssets
$4.3BLoans
$4.9BDeposits
$1.9BEquity
Loan mix
74%RE $2.6B24%C&I $0.9B2%Consumer $0.1BQ2 2008Q2 2009
Deposit mix
88%Interest-bearing $4.3B12%Noninterest $0.6BQ2 2008Q2 2009

NIM

6.10%Q2 ’074.91%Q2 ’085.00%Q2 ’09+21%-4%

Non-interest income vs. expense

2.96%Q2 ’073.00%Q2 ’082.80%Q2 ’09+15%+9%

Executive Summary

  • Earnings: ROA of -2.04%, down 209 bps year over year; NIM at 3.57%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 3.43%.
  • Funding: loans stand at 88.46% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

-2.04%-209 bps YoY

Net Interest Margin (YTD, annualized)

3.57%-15 bps YoY

Efficiency Ratio (YTD, annualized)

61.55%-83 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets0.05%3.74%-3.69%-1.74%-2.04%-209 bps
Return on Equity0.17%12.85%-12.85%-6.47%-7.54%-771 bps
Net Interest Margin3.72%6.03%6.36%3.89%3.57%-15 bps
Efficiency Ratio62.39%25.66%27.53%53.37%61.55%-83 bps
Non-Interest Burden2.13%1.09%5.95%2.03%2.32%+19 bps
Growth
Asset Growth (YoY)322%300%181.83%207%-15.56%-33,729 bps
Loan Growth (YoY)196.34%192.18%143.78%140.78%-7.26%-20,360 bps
Deposit Growth (YoY)231%257%185.66%214%6.02%-22,471 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.67%0.70%1.23%2.57%3.43%+276 bps
Allowance / Loans0.65%0.93%2.32%3.57%4.53%+388 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 Capital11.67%15.35%15.08%14.37%14.61%+294 bps
Equity / Assets26.96%29.94%27.75%25.99%27.64%+68 bps
Liquidity & Funding
Loans / Deposits101.12%108.44%97.68%88.60%88.46%-1,266 bps
Liquid Assets / Assets5.39%5.88%0.50%0.12%0.20%-519 bps
CRE / Total Capitaln/an/an/an/an/an/an/a