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Southern Heritage Bank

Cleveland, TN · Cert 35093

FDIC · 3 branches

Q2 2016

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: Q2 2016, the quarter ended June 30, 2016, 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

Southern Heritage Bank

Cleveland, TN · Cert 35093

FDIC · 3 branches

Q2 2016

$274.9MAssets
$136.5MLoans
$233.7MDeposits
$40.4MEquity
Loan mix
82%RE $91.9M17%C&I $19.0M2%Consumer $1.8MQ2 2015Q2 2016
Deposit mix
84%Interest-bearing $196.9M16%Noninterest $36.8MQ2 2015Q2 2016

NIM

3.52%Q2 ’143.50%Q2 ’153.54%Q2 ’16+7%-1%

Non-interest income vs. expense

2.77%Q2 ’143.08%Q2 ’153.16%Q2 ’16+7%+7%

Market Position · Cleveland, TN · 2016 SOD (annual) · 13.8% share · #2 of 15 inst. · $0.2B of $1.7B

Executive Summary

  • Earnings: ROA of 0.83%, down 10 bps year over year; NIM at 3.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 11.49%, up 6 bps from a year ago.
  • Funding: loans stand at 58.43% of deposits as of Q2 2016.

Financial Results

Return on Assets (YTD, annualized)

0.83%-10 bps YoY

Net Interest Margin (YTD, annualized)

3.32%-3 bps YoY

Efficiency Ratio (YTD, annualized)

71.73%+316 bps YoY

Tier 1 Leverage Ratio

11.49%+6 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2015Q3 2015Q4 2015Q1 2016Q2 2016YoY ΔTrend
Earnings
Return on Assets0.93%0.92%0.93%0.99%0.83%-10 bps
Return on Equity6.33%6.35%6.34%6.63%5.60%-73 bps
Net Interest Margin3.35%3.27%3.36%3.53%3.32%-3 bps
Efficiency Ratio68.56%67.81%68.37%66.27%71.73%+316 bps
Non-Interest Burden1.90%1.82%1.91%1.97%2.04%+14 bps
Growth
Asset Growth (YoY)10.79%11.40%4.84%6.85%2.01%-879 bps
Loan Growth (YoY)-3.93%2.57%12.18%3.64%6.02%+995 bps
Deposit Growth (YoY)10.73%8.21%4.93%7.42%0.96%-978 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.05%-0.06%0.22%-0.11%0.01%+6 bps
Allowance / Loans0.17%0.31%0.31%0.38%0.40%+23 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio11.43%11.21%11.40%11.71%11.49%+6 bps
Total Risk-Based Capital18.98%17.73%17.93%18.91%18.91%-7 bps
Equity / Assets13.82%14.32%14.87%14.89%14.71%+89 bps
Liquidity & Funding
Loans / Deposits55.64%60.52%62.29%60.20%58.43%+279 bps
Liquid Assets / Assets7.24%2.63%2.29%2.85%5.51%-172 bps
CRE / Total Capitaln/an/an/an/an/an/an/a