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People's Community Bank

Johnson City, TN · Cert 34104

FDIC

Q1 2004

$172.1MAssets
$129.6MLoans
$150.0MDeposits
$13.6MEquity
Loan mix
39%RE $19.5M61%C&I $30.9M0%Consumer $0.1MQ1 2003Q1 2004
Deposit mix
87%Interest-bearing $130.3M13%Noninterest $19.7MQ1 2003Q1 2004

NIM

6.34%Q1 ’026.24%Q1 ’035.63%Q1 ’04+13%-8%

Non-interest income vs. expense

2.55%Q1 ’022.44%Q1 ’033.94%Q1 ’04-3%+68%

Executive Summary

  • Earnings: ROA of -0.48%, down 175 bps year over year; NIM at 4.06%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.80%.
  • Funding: loans stand at 86.40% of deposits as of Q1 2004.

Financial Results

Return on Assets (quarter, annualized)

-0.48%-175 bps YoY

Net Interest Margin (quarter, annualized)

4.06%-35 bps YoY

Efficiency Ratio (quarter, annualized)

91.61%+3,905 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets1.27%1.22%1.49%0.58%-0.48%-175 bps
Return on Equity16.10%15.71%18.99%7.34%-6.03%-2,212 bps
Net Interest Margin4.41%4.33%4.44%4.00%4.06%-35 bps
Efficiency Ratio52.56%55.80%55.81%64.20%91.61%+3,905 bps
Non-Interest Burden2.20%2.26%2.38%2.47%3.70%+150 bps
Growth
Asset Growth (YoY)17.57%18.40%15.95%13.05%5.28%-1,229 bps
Loan Growth (YoY)30.16%24.98%16.93%18.49%6.06%-2,409 bps
Deposit Growth (YoY)13.28%18.60%16.30%12.46%8.74%-454 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.36%0.13%0.69%-0.07%1.80%+144 bps
Allowance / Loans1.17%1.27%1.25%1.40%1.38%+21 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 Capital10.60%11.11%11.47%11.37%11.22%+62 bps
Equity / Assets7.70%7.88%7.82%7.92%7.90%+20 bps
Liquidity & Funding
Loans / Deposits88.58%86.08%81.98%87.73%86.40%-218 bps
Liquid Assets / Assets0.79%0.54%0.94%0.97%0.78%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a