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Premier Bank of Brentwood

Brentwood, TN · Cert 34541

FDIC

Q3 2004

$152.3MAssets
$130.3MLoans
$130.3MDeposits
$12.7MEquity
Loan mix
51%RE $28.8M48%C&I $27.2M1%Consumer $0.4MQ3 2003Q3 2004
Deposit mix
82%Interest-bearing $106.9M18%Noninterest $23.4MQ3 2003Q3 2004

NIM

6.09%Q3 ’025.46%Q3 ’035.24%Q3 ’04-4%-2%

Non-interest income vs. expense

3.20%Q3 ’023.28%Q3 ’032.65%Q3 ’04-13%-7%

Executive Summary

  • Earnings: ROA of 0.94%, unchanged from a year ago; NIM at 3.76%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.23%.
  • Funding: loans stand at 99.98% of deposits as of Q3 2004.

Financial Results

Return on Assets (YTD, annualized)

0.94%0 bps YoY

Net Interest Margin (YTD, annualized)

3.76%-6 bps YoY

Efficiency Ratio (YTD, annualized)

59.03%-619 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets0.94%0.90%0.82%0.82%0.94%0 bps
Return on Equity10.39%10.03%9.73%9.88%11.38%+99 bps
Net Interest Margin3.82%3.77%3.62%3.67%3.76%-6 bps
Efficiency Ratio65.22%66.45%60.59%61.24%59.03%-619 bps
Non-Interest Burden2.07%2.14%1.85%1.94%1.92%-15 bps
Growth
Asset Growth (YoY)18.65%16.79%24.21%15.92%20.44%+179 bps
Loan Growth (YoY)28.17%39.11%26.24%27.90%25.80%-237 bps
Deposit Growth (YoY)15.78%15.50%29.98%17.77%22.27%+650 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.14%0.20%0.08%0.27%0.23%+8 bps
Allowance / Loans1.11%1.05%1.12%1.06%1.11%-1 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 Capital12.39%11.42%11.05%10.53%10.85%-154 bps
Equity / Assets9.09%8.74%8.06%8.04%8.31%-77 bps
Liquidity & Funding
Loans / Deposits97.18%102.52%92.70%98.33%99.98%+281 bps
Liquid Assets / Assets1.36%1.27%1.22%1.12%1.12%-23 bps
CRE / Total Capitaln/an/an/an/an/an/an/a