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Community Bank of the Cumberlands

Jamestown, TN · Cert 57111

FDIC

Q4 2012

$173.8MAssets
$136.2MLoans
$151.7MDeposits
$20.0MEquity
Loan mix
34%RE $40.2M1%C&I $1.8M65%Consumer $77.1MQ4 2011Q4 2012
Deposit mix
90%Interest-bearing $136.0M10%Noninterest $15.7MQ4 2011Q4 2012

NIM

7.46%Q4 ’106.22%Q4 ’114.60%Q4 ’12-18%-30%

Non-interest income vs. expense

4.89%Q4 ’103.76%Q4 ’116.47%Q4 ’12-20%+64%

Executive Summary

  • Earnings: ROA of 1.69%, up 13 bps year over year; NIM at 3.75%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.19%.
  • Funding: loans stand at 89.79% of deposits as of Q4 2012.

Financial Results

Return on Assets (quarter, annualized)

1.69%+13 bps YoY

Net Interest Margin (quarter, annualized)

3.75%-162 bps YoY

Efficiency Ratio (quarter, annualized)

152.60%+8,615 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2011Q1 2012Q2 2012Q3 2012Q4 2012YoY ΔTrend
Earnings
Return on Assets1.55%1.37%1.65%1.66%1.69%+13 bps
Return on Equity14.03%12.90%15.35%15.26%15.00%+97 bps
Net Interest Margin5.36%4.78%4.68%4.91%3.75%-162 bps
Efficiency Ratio66.45%62.17%59.62%60.90%152.60%+8,615 bps
Non-Interest Burden3.68%2.89%2.70%2.90%6.03%+236 bps
Growth
Asset Growth (YoY)35.58%34.10%30.48%23.98%5.33%-3,026 bps
Loan Growth (YoY)60.51%58.86%37.99%29.86%0.54%-5,997 bps
Deposit Growth (YoY)38.94%37.40%32.96%26.74%3.89%-3,504 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.69%0.51%0.40%0.32%0.19%-50 bps
Allowance / Loans1.25%1.34%1.23%1.24%1.48%+23 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 Capital18.82%19.23%17.88%18.19%19.55%+73 bps
Equity / Assets10.57%10.74%10.71%11.00%11.50%+93 bps
Liquidity & Funding
Loans / Deposits92.78%86.67%93.40%93.80%89.79%-299 bps
Liquid Assets / Assets1.16%1.15%1.25%1.23%1.72%+55 bps
CRE / Total Capitaln/an/an/an/an/an/an/a