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Mountain National Bank

Sevierville, TN · Cert 34789

FDIC

Q1 2013

$437.3MAssets
$260.2MLoans
$373.4MDeposits
$8.6MEquity
Loan mix
87%RE $152.6M11%C&I $18.8M2%Consumer $3.3MQ1 2012Q1 2013
Deposit mix
97%Interest-bearing $360.5M3%Noninterest $12.8MQ1 2012Q1 2013

NIM

3.89%Q1 ’113.75%Q1 ’123.15%Q1 ’13+1%-16%

Non-interest income vs. expense

3.17%Q1 ’113.13%Q1 ’123.57%Q1 ’13-16%+31%

Executive Summary

  • Earnings: ROA of -0.74%, down 192 bps year over year; NIM at 2.03%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.30%.
  • Funding: loans stand at 69.68% of deposits as of Q1 2013.

Financial Results

Return on Assets (YTD, annualized)

-0.74%-192 bps YoY

Net Interest Margin (YTD, annualized)

2.03%-39 bps YoY

Efficiency Ratio (YTD, annualized)

126.30%+3,509 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2012Q2 2012Q3 2012Q4 2012Q1 2013YoY ΔTrend
Earnings
Return on Assets1.18%11.15%0.59%-0.31%-0.74%-192 bps
Return on Equity52.65%48.28%23.67%-12.50%-35.63%-8,828 bps
Net Interest Margin2.42%2.33%2.31%2.33%2.03%-39 bps
Efficiency Ratio91.21%79.63%91.22%98.44%126.30%+3,509 bps
Non-Interest Burden2.12%1.60%2.01%2.28%2.77%+65 bps
Growth
Asset Growth (YoY)-3.47%-2.71%-8.42%-9.77%-15.26%-1,179 bps
Loan Growth (YoY)-14.15%-15.72%-19.12%-14.38%-17.01%-287 bps
Deposit Growth (YoY)3.40%-0.41%-7.95%-9.64%-15.91%-1,931 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.55%0.49%1.01%2.08%0.30%-26 bps
Allowance / Loans4.60%4.88%4.74%4.58%4.61%+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 Capital4.77%5.36%5.17%4.06%3.90%-87 bps
Equity / Assets2.31%2.69%2.89%2.16%1.97%-34 bps
Liquidity & Funding
Loans / Deposits70.60%66.58%67.68%68.14%69.68%-93 bps
Liquid Assets / Assets8.61%11.03%7.92%6.19%6.45%-216 bps
CRE / Total Capitaln/an/an/an/an/an/an/a