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Memphisfirst Community Bank

Memphis, TN · Cert 34982

FDIC · 8 branches

Q3 2021

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 2021, the quarter ended September 30, 2021, 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 2026-10-10

Memphisfirst Community Bank

Memphis, TN · Cert 34982

FDIC · 8 branches

Q3 2021

$978.8MAssets
$784.4MLoans
$813.3MDeposits
$107.7MEquity
Loan mix
88%RE $610.5M11%C&I $78.3M1%Consumer $6.1MQ3 2020Q3 2021
Deposit mix
87%Interest-bearing $704.7M13%Noninterest $108.7MQ3 2020Q3 2021

NIM

4.21%Q3 ’193.87%Q3 ’203.65%Q3 ’21+21%+10%

Non-interest income vs. expense

1.33%Q3 ’191.69%Q3 ’201.92%Q3 ’21+27%+11%

Market Position · Memphis, TN-MS-AR · 2021 SOD (annual) · 1.7% share · #11 of 51 inst. · $0.7B of $40.8B

2.1% Shelby
0.1% Davidson
0.5% Williamson

Executive Summary

  • Earnings: ROA of 1.28%, up 23 bps year over year; NIM at 3.21%.
  • Asset quality: problem loans at 0.68% of loans (-2 bps YoY), with net charge-offs at 0.04%.
  • Capital: tier 1 leverage ratio of 10.64%, up 60 bps from a year ago.
  • Funding: loans stand at 96.45% of deposits as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

1.28%+23 bps YoY

Net Interest Margin (YTD, annualized)

3.21%+30 bps YoY

Efficiency Ratio (YTD, annualized)

55.58%+87 bps YoY

Tier 1 Leverage Ratio

10.64%+60 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets1.05%1.06%1.15%1.13%1.28%+23 bps
Return on Equity10.73%10.74%11.43%11.06%12.31%+158 bps
Net Interest Margin2.91%2.95%3.18%3.23%3.21%+30 bps
Efficiency Ratio54.71%56.43%57.11%57.00%55.58%+87 bps
Non-Interest Burden1.51%1.59%1.71%1.75%1.69%+17 bps
Growth
Asset Growth (YoY)-1.46%6.15%10.20%3.57%2.53%+399 bps
Loan Growth (YoY)0.25%8.55%6.93%6.12%1.32%+106 bps
Deposit Growth (YoY)-2.94%7.29%12.09%5.28%4.06%+700 bps
Asset Quality
Nonperforming Loans / Loans0.70%0.74%0.69%0.77%0.68%-2 bps
Net Charge-Offs / Loans0.04%0.04%0.06%0.04%0.04%-1 bps
Allowance / Loans0.79%0.76%0.78%0.79%0.76%-3 bps
Allowance Coverage of NPLs1.1x1.0x1.1x1.0x1.1x0.0x
Capital
Tier 1 Leverage Ratio10.05%10.08%9.92%10.35%10.64%+60 bps
Total Risk-Based Capital15.48%14.89%15.29%15.67%16.11%+63 bps
Equity / Assets10.05%9.93%10.15%10.59%11.00%+95 bps
Liquidity & Funding
Loans / Deposits99.05%97.47%94.89%95.89%96.45%-261 bps
Liquid Assets / Assets0.63%0.19%0.10%0.59%0.59%-4 bps
CRE / Total Capitaln/an/an/an/an/an/an/a