PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Community Bank of Smith County

Carthage, TN · Cert 34368

FDIC

Q1 2005

$90.6MAssets
$69.3MLoans
$80.9MDeposits
$6.3MEquity
Loan mix
81%RE $32.8M17%C&I $7.0M2%Consumer $0.9MQ1 2004Q1 2005
Deposit mix
93%Interest-bearing $75.4M7%Noninterest $5.4MQ1 2004Q1 2005

NIM

6.69%Q1 ’036.35%Q1 ’046.50%Q1 ’050%-3%

Non-interest income vs. expense

2.73%Q1 ’033.27%Q1 ’042.96%Q1 ’05+15%-4%

Executive Summary

  • Earnings: ROA of 1.01%, up 7 bps year over year; NIM at 4.11%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.32%.
  • Funding: loans stand at 85.67% of deposits as of Q1 2005.

Financial Results

Return on Assets (YTD, annualized)

1.01%+7 bps YoY

Net Interest Margin (YTD, annualized)

4.11%-11 bps YoY

Efficiency Ratio (YTD, annualized)

59.49%-190 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets0.95%0.88%0.95%0.73%1.01%+7 bps
Return on Equity11.17%10.65%11.68%9.15%13.91%+274 bps
Net Interest Margin4.22%4.00%4.11%3.83%4.11%-11 bps
Efficiency Ratio61.39%62.00%61.68%61.99%59.49%-190 bps
Non-Interest Burden2.17%2.10%2.13%2.02%2.09%-8 bps
Growth
Asset Growth (YoY)17.31%24.32%24.52%23.96%26.20%+889 bps
Loan Growth (YoY)24.22%25.71%28.05%22.46%19.78%-444 bps
Deposit Growth (YoY)18.10%22.13%24.32%26.02%25.24%+713 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.51%0.40%0.38%0.44%0.32%-19 bps
Allowance / Loans1.22%1.23%1.24%1.60%1.54%+32 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 Capital12.47%12.02%12.20%12.13%11.77%-70 bps
Equity / Assets8.28%7.76%7.85%7.61%6.99%-129 bps
Liquidity & Funding
Loans / Deposits89.57%92.88%90.17%87.73%85.67%-390 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