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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

6.38%Q3 ’025.56%Q3 ’035.66%Q3 ’04-6%+5%

Non-interest income vs. expense

3.30%Q3 ’023.42%Q3 ’032.63%Q3 ’04-22%+5%

Executive Summary

  • Earnings: ROA of 1.17%, up 18 bps year over year; NIM at 4.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Funding: loans stand at 99.98% of deposits as of Q3 2004.

Financial Results

Return on Assets (quarter, annualized)

1.17%+18 bps YoY

Net Interest Margin (quarter, annualized)

4.12%+19 bps YoY

Efficiency Ratio (quarter, annualized)

54.99%-747 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2003Q4 2003Q1 2004Q2 2004Q3 2004YoY ΔTrend
Earnings
Return on Assets0.99%0.80%0.82%0.80%1.17%+18 bps
Return on Equity11.21%8.99%9.73%10.00%14.36%+315 bps
Net Interest Margin3.93%4.11%3.62%3.76%4.12%+19 bps
Efficiency Ratio62.46%70.04%60.59%61.89%54.99%-747 bps
Non-Interest Burden1.88%2.61%1.85%2.06%1.97%+9 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 / Loans0.33%0.39%0.08%0.45%0.16%-17 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