PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Bank of Tullahoma, The

Tullahoma, TN · Cert 58105

FDIC · 4 branches

Q1 2018

$237.0MAssets
$191.2MLoans
$205.0MDeposits
$27.1MEquity
Loan mix
81%RE $126.8M17%C&I $27.4M2%Consumer $3.0MQ2 2016Q1 2018
Deposit mix
91%Interest-bearing $186.3M9%Noninterest $18.7MQ2 2016Q1 2018

Market Position · Nashville-Davidson--Murfreesboro--Franklin, TN · 2017 SOD (annual) · 0.1% share · #55 of 64 inst. · $0.0B of $57.4B

13.0% Coffee
0.8% Rutherford
0.4% Hamilton
0.3% Madison

Executive Summary

  • Earnings: ROA of 1.19%, up 24 bps year over year; NIM at 3.67%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
  • Capital: tier 1 leverage ratio of 10.71%, up 106 bps from a year ago.
  • Funding: loans stand at 93.27% of deposits as of Q1 2018.

Return on Assets (YTD, annualized)

1.19%+24 bps YoY

Net Interest Margin (YTD, annualized)

3.67%+12 bps YoY

Efficiency Ratio (YTD, annualized)

60.70%+199 bps YoY

Tier 1 Leverage Ratio

10.71%+106 bps YoY

NIM

4.37%Q1 ’164.20%Q1 ’174.41%Q1 ’18-4%+3%

Non-interest income vs. expense

2.92%Q1 ’162.38%Q1 ’172.55%Q1 ’18-18%+8%

Year to date, annualized, through each quarter.

MetricQ2 2016Q3 2016Q4 2016Q1 2017Q2 2017Q3 2017Q4 2017Q1 2018YoY ΔTrend
Earnings
Return on Assets0.71%0.80%0.77%0.95%1.00%1.02%1.04%1.19%+24 bps
Return on Equity7.77%8.78%8.30%9.32%9.75%9.79%9.93%10.70%+138 bps
Net Interest Margin3.28%3.33%3.35%3.56%3.62%3.57%3.68%3.67%+12 bps
Efficiency Ratio66.64%64.72%63.46%58.71%58.60%58.63%58.19%60.70%+199 bps
Non-Interest Burden1.99%1.95%1.91%1.86%1.89%1.87%1.91%2.00%+14 bps
Growth
Asset Growth (YoY)35.48%30.40%27.95%8.48%9.44%3.73%1.65%-3.45%-1,194 bps
Loan Growth (YoY)36.18%30.62%17.09%17.11%13.29%4.37%5.65%-1.66%-1,877 bps
Deposit Growth (YoY)39.63%33.65%29.33%7.62%8.13%0.81%0.58%-4.14%-1,176 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.17%0.10%0.14%0.04%0.03%0.02%0.08%0.08%+4 bps
Allowance / Loans1.00%1.00%1.11%1.10%1.10%1.10%1.05%1.06%-4 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio8.08%8.16%9.63%9.65%9.89%9.93%10.27%10.71%+106 bps
Total Risk-Based Capital10.45%10.24%12.34%12.14%12.36%12.69%12.72%13.64%+150 bps
Equity / Assets8.79%8.86%10.04%10.29%10.34%10.94%10.77%11.42%+113 bps
Liquidity & Funding
Loans / Deposits84.83%90.01%86.94%90.91%88.87%93.19%91.32%93.27%+235 bps
Liquid Assets / Assets2.63%1.78%1.69%1.68%4.23%1.73%2.93%1.71%+3 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a