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Bank of Murfreesboro

Murfreesboro, TN · Cert 34595

FDIC

Q1 2003

$151.8MAssets
$107.3MLoans
$129.5MDeposits
$13.2MEquity
Loan mix
87%RE $39.0M13%C&I $5.6M0%Consumer $0.0MQ1 2002Q1 2003
Deposit mix
91%Interest-bearing $118.0M9%Noninterest $11.5MQ1 2002Q1 2003

NIM

7.40%Q1 ’016.31%Q1 ’025.50%Q1 ’03+30%-6%

Non-interest income vs. expense

3.36%Q1 ’013.81%Q1 ’023.45%Q1 ’03+13%-13%

Executive Summary

  • Earnings: ROA of 0.65%, down 1 bps year over year; NIM at 3.57%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.06%.
  • Funding: loans stand at 82.89% of deposits as of Q1 2003.

Financial Results

Return on Assets (YTD, annualized)

0.65%-1 bps YoY

Net Interest Margin (YTD, annualized)

3.57%-22 bps YoY

Efficiency Ratio (YTD, annualized)

74.41%-405 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets0.66%0.72%0.75%0.76%0.65%-1 bps
Return on Equity7.33%8.26%8.57%8.69%7.42%+9 bps
Net Interest Margin3.78%3.65%3.43%3.57%3.57%-22 bps
Efficiency Ratio78.46%76.18%75.39%74.24%74.41%-405 bps
Non-Interest Burden2.74%2.54%2.36%2.38%2.38%-36 bps
Growth
Asset Growth (YoY)18.91%21.71%19.44%14.92%9.35%-956 bps
Loan Growth (YoY)21.57%9.86%8.87%4.50%8.45%-1,312 bps
Deposit Growth (YoY)18.39%24.45%19.32%14.69%7.93%-1,046 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.08%0.10%0.08%0.13%0.06%-3 bps
Allowance / Loans0.99%0.96%0.91%0.90%0.90%-9 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 Capital13.32%13.17%13.21%13.42%13.18%-14 bps
Equity / Assets8.74%8.38%8.68%8.73%8.71%-3 bps
Liquidity & Funding
Loans / Deposits82.49%76.29%81.97%79.97%82.89%+40 bps
Liquid Assets / Assets0.02%0.02%0.00%0.02%0.01%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a