Bankfirst

Knoxville, TN · Cert 4950

FDIC

Q2 2001

$793.0MAssets

$514.8MLoans

$548.3MDeposits

$102.1MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 0.19%, down 86 bps year over year; NIM at 3.30%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.25%.
Funding: loans stand at 93.89% of deposits as of Q2 2001.

Return on Assets (YTD, annualized)

0.19%-86 bps YoY

Net Interest Margin (YTD, annualized)

3.30%

Efficiency Ratio (YTD, annualized)

86.91%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q3 1999	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	YoY Δ	Trend
Earnings
Return on Assets	1.07%	1.11%	1.05%	1.05%	1.03%	0.00%	0.64%	0.19%	-86 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	3.68%	3.30%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	72.63%	86.91%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	n/a	2.27%	2.72%	n/a
Growth
Asset Growth (YoY)	12.81%	12.02%	15.13%	11.22%	9.13%	14.37%	14.61%	22.52%	+1,130 bps
Loan Growth (YoY)	18.02%	13.19%	13.41%	8.38%	5.99%	1.88%	0.58%	6.74%	-164 bps
Deposit Growth (YoY)	5.92%	3.32%	12.71%	6.56%	4.48%	5.92%	0.59%	9.80%	+324 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	-0.70%	-0.25%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	2.17%	1.98%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	n/a	10.51%	9.93%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	13.88%	12.88%	n/a
Liquidity & Funding
Loans / Deposits	95.02%	97.31%	93.37%	96.59%	96.40%	93.60%	93.36%	93.89%	-270 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a