PackageTrendsPeer
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First Independent Bank

Gallatin, TN · Cert 32741

FDIC

Q3 2003

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: Q3 2003, the quarter ended September 30, 2003, 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 2026-10-11

First Independent Bank

Gallatin, TN · Cert 32741

FDIC

Q3 2003

$112.5MAssets
$64.8MLoans
$99.5MDeposits
$10.7MEquity
Loan mix
64%RE $16.5M35%C&I $9.1M1%Consumer $0.2MQ3 2002Q3 2003
Deposit mix
82%Interest-bearing $81.5M18%Noninterest $17.9MQ3 2002Q3 2003

NIM

7.23%Q3 ’015.87%Q3 ’024.88%Q3 ’03+4%-9%

Non-interest income vs. expense

3.04%Q3 ’013.02%Q3 ’022.98%Q3 ’03-3%-7%

Executive Summary

  • Earnings: ROA of 0.93%, up 37 bps year over year; NIM at 3.39%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.31%.
  • Funding: loans stand at 65.13% of deposits as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

0.93%+37 bps YoY

Net Interest Margin (YTD, annualized)

3.39%-35 bps YoY

Efficiency Ratio (YTD, annualized)

65.14%+264 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets0.55%0.82%1.15%0.95%0.93%+37 bps
Return on Equity6.23%9.21%12.45%10.24%9.94%+371 bps
Net Interest Margin3.74%3.64%3.65%3.53%3.39%-35 bps
Efficiency Ratio62.50%63.30%62.15%63.52%65.14%+264 bps
Non-Interest Burden1.93%1.90%1.80%1.80%1.80%-13 bps
Growth
Asset Growth (YoY)5.91%7.23%4.59%6.84%4.87%-104 bps
Loan Growth (YoY)9.25%1.50%1.35%0.74%1.67%-758 bps
Deposit Growth (YoY)6.74%7.71%4.53%6.95%4.44%-229 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.56%0.84%-0.07%0.32%0.31%-125 bps
Allowance / Loans1.17%1.20%1.25%1.25%1.15%-2 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 Capital14.13%15.19%15.76%15.40%15.36%+123 bps
Equity / Assets9.01%9.14%9.36%9.24%9.51%+50 bps
Liquidity & Funding
Loans / Deposits66.90%63.32%62.07%62.07%65.13%-177 bps
Liquid Assets / Assets13.66%11.09%9.72%5.93%5.45%-821 bps
CRE / Total Capitaln/an/an/an/an/an/an/a