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First Central Bank

Lenoir City, TN · Cert 33417

FDIC

Q1 2006

$333.8MAssets
$180.1MLoans
$289.4MDeposits
$40.7MEquity
Loan mix
83%RE $67.2M15%C&I $12.3M1%Consumer $1.2MQ1 2005Q1 2006
Deposit mix
87%Interest-bearing $252.8M13%Noninterest $36.6MQ1 2005Q1 2006

NIM

4.02%Q1 ’044.93%Q1 ’055.78%Q1 ’06+14%-2%

Non-interest income vs. expense

3.39%Q1 ’043.12%Q1 ’052.36%Q1 ’06-5%-27%

Executive Summary

  • Earnings: ROA of 0.66%, up 38 bps year over year; NIM at 3.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.24%.
  • Funding: loans stand at 62.22% of deposits as of Q1 2006.

Financial Results

Return on Assets (YTD, annualized)

0.66%+38 bps YoY

Net Interest Margin (YTD, annualized)

3.12%-6 bps YoY

Efficiency Ratio (YTD, annualized)

62.43%-1,713 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2005Q2 2005Q3 2005Q4 2005Q1 2006YoY ΔTrend
Earnings
Return on Assets0.27%0.39%0.49%0.57%0.66%+38 bps
Return on Equity1.89%2.70%3.43%4.00%5.17%+329 bps
Net Interest Margin3.18%3.18%3.25%3.22%3.12%-6 bps
Efficiency Ratio79.56%75.68%72.81%70.52%62.43%-1,713 bps
Non-Interest Burden2.53%2.37%2.31%2.20%1.84%-68 bps
Growth
Asset Growth (YoY)25.93%16.30%18.72%24.38%33.32%+739 bps
Loan Growth (YoY)31.17%27.97%28.36%25.23%12.03%-1,913 bps
Deposit Growth (YoY)28.44%16.36%19.99%27.07%36.49%+805 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.06%0.05%0.05%0.24%+16 bps
Allowance / Loans1.24%1.23%1.20%1.24%1.32%+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 Capital10.35%10.64%10.52%11.40%11.50%+115 bps
Equity / Assets14.44%14.37%14.14%13.27%12.20%-224 bps
Liquidity & Funding
Loans / Deposits75.80%75.20%79.37%72.33%62.22%-1,358 bps
Liquid Assets / Assets0.04%0.04%0.04%0.04%0.04%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a