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First National Bank

Centerville, TN · Cert 4919

FDIC

Q4 2007

$108.7MAssets
$48.7MLoans
$91.7MDeposits
$15.5MEquity
Loan mix
95%RE $34.1M4%C&I $1.6M0%Consumer $0.1MQ4 2006Q4 2007
Deposit mix
86%Interest-bearing $79.0M14%Noninterest $12.7MQ4 2006Q4 2007

NIM

5.83%Q4 ’056.85%Q4 ’06-14.59%Q4 ’07+12%-312%

Non-interest income vs. expense

4.01%Q4 ’053.59%Q4 ’06-8.79%Q4 ’07-13%-347%

Executive Summary

  • Earnings: ROA of -1.43%, down 256 bps year over year; NIM at -10.16%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.09%.
  • Funding: loans stand at 53.09% of deposits as of Q4 2007.

Financial Results

Return on Assets (quarter, annualized)

-1.43%-256 bps YoY

Net Interest Margin (quarter, annualized)

-10.16%-1,494 bps YoY

Efficiency Ratio (quarter, annualized)

65.16%-327 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets1.13%0.71%0.87%0.66%-1.43%-256 bps
Return on Equity7.75%4.84%5.94%4.36%-9.65%-1,741 bps
Net Interest Margin4.79%4.38%4.41%4.29%-10.16%-1,494 bps
Efficiency Ratio68.43%76.64%71.98%77.91%65.16%-327 bps
Non-Interest Burden3.13%3.25%3.04%3.23%-7.72%-1,085 bps
Growth
Asset Growth (YoY)7.70%5.23%3.17%-2.22%4.82%-288 bps
Loan Growth (YoY)-8.83%-7.68%-9.36%-10.82%13.76%+2,259 bps
Deposit Growth (YoY)8.03%4.83%2.52%-3.31%4.05%-398 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.84%0.08%0.24%0.09%-0.09%-93 bps
Allowance / Loans1.82%1.81%1.81%1.85%1.44%-38 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 Capital40.39%41.80%41.12%42.60%17.61%-2,278 bps
Equity / Assets14.53%14.76%14.57%15.48%14.23%-30 bps
Liquidity & Funding
Loans / Deposits48.55%48.27%47.31%46.73%53.09%+453 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