PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Cohutta Banking Company of Tennessee

Chattanooga, TN · Cert 57913

FDIC

Q1 2010

$376.9MAssets
$259.5MLoans
$323.7MDeposits
$35.2MEquity
Loan mix
70%RE $155.9M30%C&I $67.3M0%Consumer $0.5MQ1 2009Q1 2010
Deposit mix
86%Interest-bearing $278.3M14%Noninterest $45.4MQ1 2009Q1 2010

NIM

6.41%Q1 ’084.81%Q1 ’094.61%Q1 ’10-2%+11%

Non-interest income vs. expense

3.10%Q1 ’083.40%Q1 ’093.36%Q1 ’10-5%+11%

Executive Summary

  • Earnings: ROA of -0.45%, down 55 bps year over year; NIM at 3.41%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.70%.
  • Funding: loans stand at 80.17% of deposits as of Q1 2010.

Financial Results

Return on Assets (YTD, annualized)

-0.45%-55 bps YoY

Net Interest Margin (YTD, annualized)

3.41%+34 bps YoY

Efficiency Ratio (YTD, annualized)

90.56%-70 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets0.11%-0.14%-1.08%-1.03%-0.45%-55 bps
Return on Equity1.22%-1.58%-12.42%-11.53%-4.71%-593 bps
Net Interest Margin3.07%3.15%3.21%3.24%3.41%+34 bps
Efficiency Ratio91.26%89.97%87.12%91.22%90.56%-70 bps
Non-Interest Burden2.74%2.77%2.71%2.92%3.06%+31 bps
Growth
Asset Growth (YoY)237%228%4.43%-0.46%0.82%-23,662 bps
Loan Growth (YoY)210%200%-1.93%-8.86%-8.93%-21,889 bps
Deposit Growth (YoY)351%400%6.21%0.32%0.26%-35,051 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.38%1.09%2.32%2.26%1.70%+32 bps
Allowance / Loans1.31%1.47%2.34%2.39%2.35%+105 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 Capital11.00%10.69%12.17%13.22%13.19%+218 bps
Equity / Assets8.61%8.52%9.07%9.65%9.34%+73 bps
Liquidity & Funding
Loans / Deposits88.26%88.63%83.41%82.37%80.17%-809 bps
Liquid Assets / Assets2.13%2.33%3.09%1.33%1.42%-71 bps
CRE / Total Capitaln/an/an/an/an/an/an/a