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Sumner Bank & Trust

Gallatin, TN · Cert 57954

FDIC · 3 branches

Q3 2023

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 2023, the quarter ended September 30, 2023, 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

Sumner Bank & Trust

Gallatin, TN · Cert 57954

FDIC · 3 branches

Q3 2023

$238.3MAssets
$188.5MLoans
$213.8MDeposits
$24.1MEquity
Loan mix
93%RE $152.2M6%C&I $10.1M1%Consumer $1.8MQ3 2022Q3 2023
Deposit mix
78%Interest-bearing $167.1M22%Noninterest $46.7MQ3 2022Q3 2023

NIM

3.48%Q3 ’213.81%Q3 ’225.50%Q3 ’23+12%+29%

Non-interest income vs. expense

2.38%Q3 ’212.42%Q3 ’222.60%Q3 ’23+18%+9%

Market Position · Nashville-Davidson--Murfreesboro--Franklin, TN · 2023 SOD (annual) · 0.2% share · #40 of 63 inst. · $0.2B of $93.9B

Executive Summary

  • Earnings: ROA of 1.80%, up 69 bps year over year; NIM at 4.69%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 10.86%, up 117 bps from a year ago.
  • Funding: loans stand at 88.16% of deposits as of Q3 2023.

Financial Results

Return on Assets (YTD, annualized)

1.80%+69 bps YoY

Net Interest Margin (YTD, annualized)

4.69%+104 bps YoY

Efficiency Ratio (YTD, annualized)

51.69%-887 bps YoY

Tier 1 Leverage Ratio

10.86%+117 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2022Q4 2022Q1 2023Q2 2023Q3 2023YoY ΔTrend
Earnings
Return on Assets1.12%1.25%1.56%1.57%1.80%+69 bps
Return on Equity12.17%13.56%16.36%16.39%18.58%+641 bps
Net Interest Margin3.65%3.91%4.54%4.57%4.69%+104 bps
Efficiency Ratio60.56%58.27%53.15%53.56%51.69%-887 bps
Non-Interest Burden2.07%2.12%2.25%2.30%2.27%+19 bps
Growth
Asset Growth (YoY)5.19%2.84%3.02%6.56%9.29%+411 bps
Loan Growth (YoY)22.99%21.36%19.60%14.75%8.04%-1,495 bps
Deposit Growth (YoY)6.16%2.69%1.99%5.87%8.55%+239 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.01%0.01%0.01%0.01%0 bps
Allowance / Loans0.85%0.84%0.99%1.01%0.93%+7 bps
Allowance Coverage of NPLsn/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio9.69%10.00%9.88%10.32%10.86%+117 bps
Total Risk-Based Capital13.29%13.07%13.58%14.14%14.55%+126 bps
Equity / Assets9.45%9.57%9.45%9.74%10.09%+64 bps
Liquidity & Funding
Loans / Deposits88.57%91.39%88.44%87.57%88.16%-42 bps
Liquid Assets / Assets10.25%7.61%11.08%12.43%12.10%+184 bps
CRE / Total Capitaln/an/an/an/an/an/an/a