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First Bank and Trust Company of Tennessee

Johnson City, TN · Cert 34099

FDIC

Q3 2001

$84.5MAssets
$68.2MLoans
$78.5MDeposits
$5.5MEquity
Deposit mix
82%Interest-bearing $64.2M18%Noninterest $14.2MQ3 2000Q3 2001

NIM

7.89%Q1 ’017.57%Q2 ’017.34%Q3 ’01-5%+0%

Non-interest income vs. expense

2.65%Q1 ’012.60%Q2 ’012.29%Q3 ’01-5%-14%

Executive Summary

  • Earnings: ROA of 1.15%, up 13 bps year over year; NIM at 3.56%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 86.96% of deposits as of Q3 2001.

Financial Results

Return on Assets (quarter, annualized)

1.15%+13 bps YoY

Net Interest Margin (quarter, annualized)

3.56%

Efficiency Ratio (quarter, annualized)

53.68%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets1.02%1.13%1.03%0.88%1.15%+13 bps
Return on Equityn/an/an/a12.69%17.45%n/a
Net Interest Marginn/an/a3.73%3.55%3.56%n/a
Efficiency Ration/an/a59.52%60.19%53.68%n/a
Non-Interest Burdenn/an/a1.92%1.84%1.58%n/a
Growth
Asset Growth (YoY)19.52%19.19%7.93%17.51%21.90%+239 bps
Loan Growth (YoY)19.11%19.10%14.84%10.11%14.52%-459 bps
Deposit Growth (YoY)7.68%17.74%8.01%17.12%38.70%+3,102 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a0.44%0.12%0.00%n/a
Allowance / Loansn/an/a0.97%1.01%1.03%n/a
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 Capitaln/an/a11.55%11.30%10.40%n/a
Equity / Assetsn/an/a7.14%6.70%6.47%n/a
Liquidity & Funding
Loans / Deposits105.32%96.08%90.44%84.62%86.96%-1,836 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a