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Primetrust Bank

Bellevue, TN · Cert 57271

FDIC

Q4 2007

$717.1MAssets
$503.4MLoans
$523.3MDeposits
$123.8MEquity
Loan mix
72%RE $287.9M27%C&I $109.4M0%Consumer $1.2MQ4 2006Q4 2007
Deposit mix
97%Interest-bearing $507.5M3%Noninterest $15.9MQ4 2006Q4 2007

NIM

5.39%Q4 ’056.38%Q4 ’060.50%Q4 ’07-2%-90%

Non-interest income vs. expense

3.12%Q4 ’053.23%Q4 ’060.17%Q4 ’07+12%-95%

Executive Summary

  • Earnings: ROA of 0.13%, down 21 bps year over year; NIM at 0.29%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 96.19% of deposits as of Q4 2007.

Financial Results

Return on Assets (YTD, annualized)

0.13%-21 bps YoY

Net Interest Margin (YTD, annualized)

0.29%-273 bps YoY

Efficiency Ratio (YTD, annualized)

51.33%-3,249 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2006Q1 2007Q2 2007Q3 2007Q4 2007YoY ΔTrend
Earnings
Return on Assets0.34%0.47%0.53%0.53%0.13%-21 bps
Return on Equity4.01%5.73%6.66%6.66%1.30%-271 bps
Net Interest Margin3.02%3.06%3.00%2.96%0.29%-273 bps
Efficiency Ratio83.82%81.90%77.85%75.14%51.33%-3,249 bps
Non-Interest Burden2.39%2.35%2.14%2.02%0.13%-227 bps
Growth
Asset Growth (YoY)25.35%20.69%24.04%24.06%36.44%+1,109 bps
Loan Growth (YoY)26.01%26.19%28.65%32.26%29.83%+382 bps
Deposit Growth (YoY)25.69%16.87%19.65%18.01%15.97%-972 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.09%0.00%0.01%0.02%0.00%-9 bps
Allowance / Loans1.11%1.06%1.05%1.06%1.04%-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 Capital10.42%10.33%10.32%10.18%10.11%-31 bps
Equity / Assets8.22%8.19%7.62%8.00%17.26%+904 bps
Liquidity & Funding
Loans / Deposits85.93%88.53%87.49%93.95%96.19%+1,027 bps
Liquid Assets / Assets0.48%0.51%0.44%0.39%0.85%+37 bps
CRE / Total Capitaln/an/an/an/an/an/an/a