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Efs National Bank

Memphis, TN · Cert 33746

FDIC

Q4 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: Q4 2003, the quarter ended December 31, 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

Efs National Bank

Memphis, TN · Cert 33746

FDIC

Q4 2003

$879.7MAssets
$386KLoans
$44.5MDeposits
$481.2MEquity
Deposit mix
67%Interest-bearing $30.0M33%Noninterest $14.5MQ4 2002Q4 2003

NIM

2.83%Q4 ’013.15%Q4 ’022.36%Q4 ’03-24%-29%

Non-interest income vs. expense

114.79%Q4 ’0189.05%Q4 ’02120.62%Q4 ’03+62%-129%

Executive Summary

  • Earnings: ROA of 8.22%, up 245 bps year over year; NIM at 1.46%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 0.87% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

8.22%+245 bps YoY

Net Interest Margin (YTD, annualized)

1.46%-60 bps YoY

Efficiency Ratio (YTD, annualized)

88.94%-218 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets5.76%7.53%7.92%9.24%8.22%+245 bps
Return on Equity13.24%16.70%17.93%19.97%17.21%+397 bps
Net Interest Margin2.06%1.79%1.66%1.53%1.46%-60 bps
Efficiency Ratio91.12%87.91%88.03%87.31%88.94%-218 bps
Non-Interest Burden-5.03%-10.16%-10.56%-12.42%-11.51%-647 bps
Growth
Asset Growth (YoY)23.11%30.40%25.87%-30.33%-9.57%-3,268 bps
Loan Growth (YoY)2008%605%58.17%-95.77%-92.04%-209,986 bps
Deposit Growth (YoY)7.59%104.19%96.52%-45.28%-62.64%-7,023 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans6.08%0.00%0.00%0.00%0.00%-608 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 Capital126.09%119.80%124.61%146.95%152.95%+2,687 bps
Equity / Assets48.29%42.36%42.46%54.38%54.70%+640 bps
Liquidity & Funding
Loans / Deposits4.07%1.95%0.53%0.59%0.87%-320 bps
Liquid Assets / Assets6.50%2.44%2.43%2.67%0.27%-622 bps
CRE / Total Capitaln/an/an/an/an/an/an/a