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Academy Bank

Lebanon, TN · Cert 35559

FDIC

Q1 2005

$43.4MAssets
$33.6MLoans
$37.0MDeposits
$5.4MEquity
Deposit mix
87%Interest-bearing $32.3M13%Noninterest $4.7MQ1 2004Q1 2005

NIM

5.94%Q1 ’035.70%Q1 ’045.80%Q1 ’05+3%+0%

Non-interest income vs. expense

3.83%Q1 ’033.49%Q1 ’043.44%Q1 ’05+9%-8%

Executive Summary

  • Earnings: ROA of 0.85%, down 1 bps year over year; NIM at 3.89%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.11%.
  • Funding: loans stand at 90.76% of deposits as of Q1 2005.

Financial Results

Return on Assets (YTD, annualized)

0.85%-1 bps YoY

Net Interest Margin (YTD, annualized)

3.89%0 bps YoY

Efficiency Ratio (YTD, annualized)

70.04%-343 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets0.87%0.81%0.82%0.90%0.85%-1 bps
Return on Equity7.14%6.61%6.74%7.46%6.99%-15 bps
Net Interest Margin3.88%3.76%3.78%3.76%3.89%0 bps
Efficiency Ratio73.47%72.32%72.05%69.31%70.04%-343 bps
Non-Interest Burden2.62%2.43%2.40%2.24%2.42%-20 bps
Growth
Asset Growth (YoY)5.59%7.31%5.90%7.22%4.45%-114 bps
Loan Growth (YoY)10.01%10.21%5.61%11.05%4.35%-566 bps
Deposit Growth (YoY)9.03%8.49%7.12%10.51%2.17%-686 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.14%0.11%0.06%0.16%0.11%-3 bps
Allowance / Loans1.37%1.46%1.44%1.26%1.32%-6 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 Capital16.83%17.26%16.61%16.32%16.99%+17 bps
Equity / Assets12.38%12.32%11.92%11.89%12.54%+17 bps
Liquidity & Funding
Loans / Deposits88.86%86.56%84.60%91.19%90.76%+190 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a