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First Source Bank

Germantown, TN · Cert 57552

FDIC · 1 branch

Q3 2021

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2021, the quarter ended September 30, 2021, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

First Source Bank

Germantown, TN · Cert 57552

FDIC · 1 branch

Q3 2021

$376.2MAssets
$301.4MLoans
$314.6MDeposits
$39.9MEquity
Loan mix
78%RE $168.2M22%C&I $47.4M1%Consumer $1.3MQ3 2020Q3 2021
Deposit mix
89%Interest-bearing $278.7M11%Noninterest $35.9MQ3 2020Q3 2021

NIM

4.52%Q3 ’194.07%Q3 ’203.72%Q3 ’21-6%+12%

Non-interest income vs. expense

1.63%Q3 ’191.40%Q3 ’201.60%Q3 ’21-14%+23%

Market Position · Memphis, TN-MS-AR · 2021 SOD (annual) · 0.8% share · #23 of 51 inst. · $0.3B of $40.8B

Executive Summary

  • Earnings: ROA of 0.96%, up 37 bps year over year; NIM at 2.89%.
  • Asset quality: problem loans at 0.07% of loans (-1 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 10.55%, up 16 bps from a year ago.
  • Funding: loans stand at 95.82% of deposits as of Q3 2021.

Financial Results

Return on Assets (YTD, annualized)

0.96%+37 bps YoY

Net Interest Margin (YTD, annualized)

2.89%+30 bps YoY

Efficiency Ratio (YTD, annualized)

55.22%+322 bps YoY

Tier 1 Leverage Ratio

10.55%+16 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2020Q4 2020Q1 2021Q2 2021Q3 2021YoY ΔTrend
Earnings
Return on Assets0.59%0.55%0.93%1.03%0.96%+37 bps
Return on Equity5.68%5.32%8.87%9.86%9.15%+347 bps
Net Interest Margin2.58%2.61%2.80%2.84%2.89%+30 bps
Efficiency Ratio52.00%54.61%55.59%53.34%55.22%+322 bps
Non-Interest Burden1.29%1.39%1.53%1.49%1.59%+30 bps
Growth
Asset Growth (YoY)4.60%1.63%2.71%6.25%4.44%-16 bps
Loan Growth (YoY)1.20%0.77%0.90%1.30%-1.31%-251 bps
Deposit Growth (YoY)5.37%1.92%3.21%8.16%5.54%+17 bps
Asset Quality
Nonperforming Loans / Loans0.08%0.38%0.37%0.07%0.07%-1 bps
Net Charge-Offs / Loans0.24%0.18%0.02%0.02%0.01%-23 bps
Allowance / Loans0.97%1.11%1.11%1.08%1.10%+14 bps
Allowance Coverage of NPLs12.8x2.9x3.0x15.7x16.0x+3.2x
Capital
Tier 1 Leverage Ratio10.39%10.41%10.58%10.24%10.55%+16 bps
Total Risk-Based Capital10.39%10.41%10.58%10.24%10.55%+16 bps
Equity / Assets10.44%10.38%10.57%10.43%10.60%+16 bps
Liquidity & Funding
Loans / Deposits102.46%100.07%99.07%96.56%95.82%-664 bps
Liquid Assets / Assets1.91%0.00%0.07%0.07%0.07%-185 bps
CRE / Total Capitaln/an/an/an/an/an/an/a