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Independence Trust Company

Franklin, TN · Cert 34553

FDIC · 1 branch

Q3 2017

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2017, the quarter ended September 30, 2017, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Independence Trust Company

Franklin, TN · Cert 34553

FDIC · 1 branch

Q3 2017

$3.9MAssets
n/aLoans
n/aDeposits
$3.7MEquity
Deposit mix
100%Interest-bearing $00%Noninterest $0Q3 2016Q3 2017

NIM

1.73%Q3 ’151.85%Q3 ’162.04%Q3 ’17+7%+14%

Non-interest income vs. expense

43.77%Q3 ’1536.60%Q3 ’1638.69%Q3 ’17+70%-116%

Market Position · Nashville-Davidson--Murfreesboro--Franklin, TN · 2017 SOD (annual) · 0.0% share · #64 of 64 inst. · $0.0B of $57.4B

Executive Summary

  • Earnings: ROA of 5.10%, up 202 bps year over year; NIM at 1.78%.
  • Capital: tier 1 leverage ratio of 88.94%, up 380 bps from a year ago.

Financial Results

Return on Assets (YTD, annualized)

5.10%+202 bps YoY

Net Interest Margin (YTD, annualized)

1.78%+22 bps YoY

Efficiency Ratio (YTD, annualized)

80.30%-739 bps YoY

Tier 1 Leverage Ratio

88.94%+380 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2016Q4 2016Q1 2017Q2 2017Q3 2017YoY ΔTrend
Earnings
Return on Assets3.08%3.50%5.51%6.20%5.10%+202 bps
Return on Equity3.61%4.09%6.42%7.28%5.86%+225 bps
Net Interest Margin1.56%1.57%1.63%1.64%1.78%+22 bps
Efficiency Ratio87.69%87.06%81.46%78.69%80.30%-739 bps
Non-Interest Burden-3.57%-3.87%-7.39%-8.39%-7.71%-413 bps
Growth
Asset Growth (YoY)-5.15%-1.39%-0.68%-0.57%-6.78%-163 bps
Loan Growth (YoY)n/an/an/an/an/an/an/a
Deposit Growth (YoY)0.00%0.00%0.00%0.00%-100.00%-10,000 bps
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio85.14%86.78%88.72%86.71%88.94%+380 bps
Total Risk-Based Capital226%187.18%177.64%162.41%196.83%-2,893 bps
Equity / Assets84.81%85.89%85.57%83.87%93.26%+845 bps
Liquidity & Funding
Loans / Deposits0.00%0.00%0.00%0.00%n/an/a
Liquid Assets / Assets12.52%5.94%5.73%0.69%1.60%-1,092 bps
CRE / Total Capitaln/an/an/an/an/an/an/a