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Commerce Union Bank

Springfield, TN · Cert 58366

FDIC · 28 branches

Q4 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: Q4 2021, the quarter ended December 31, 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

Commerce Union Bank

Springfield, TN · Cert 58366

FDIC · 28 branches

Q4 2021

$3.0BAssets
$2.5BLoans
$2.5BDeposits
$426.0MEquity
Loan mix
64%RE $1.2B23%C&I $0.4B13%Consumer $0.2BQ4 2020Q4 2021
Deposit mix
73%Interest-bearing $1.8B27%Noninterest $0.7BQ4 2020Q4 2021

NIM

4.24%Q4 ’194.33%Q4 ’204.60%Q4 ’21+21%+11%

Non-interest income vs. expense

2.66%Q4 ’192.45%Q4 ’202.86%Q4 ’21-18%+11%

Market Position · Nashville-Davidson--Murfreesboro--Franklin, TN · 2021 SOD (annual) · 2.3% share · #10 of 63 inst. · $2.0B of $89.1B

6.4% Williamson
12.0% Montgomery
17.7% Maury
18.0% Robertson

Executive Summary

  • Earnings: ROA of 1.90%, up 32 bps year over year; NIM at 4.21%.
  • Asset quality: problem loans at 0.18% of loans (-9 bps YoY), with net charge-offs at 0.03%.
  • Capital: tier 1 leverage ratio of 12.17%, up 153 bps from a year ago.
  • Funding: loans stand at 97.92% of deposits as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

1.90%+32 bps YoY

Net Interest Margin (YTD, annualized)

4.21%+41 bps YoY

Efficiency Ratio (YTD, annualized)

55.06%+139 bps YoY

Tier 1 Leverage Ratio

12.17%+153 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets1.58%1.71%1.77%1.86%1.90%+32 bps
Return on Equity12.62%13.32%13.63%14.07%14.20%+158 bps
Net Interest Margin3.80%4.23%4.03%4.08%4.21%+41 bps
Efficiency Ratio53.67%54.58%55.24%54.50%55.06%+139 bps
Non-Interest Burden1.72%1.88%1.86%1.81%1.90%+18 bps
Growth
Asset Growth (YoY)59.08%40.53%3.61%-1.02%-0.73%-5,981 bps
Loan Growth (YoY)69.15%44.63%5.44%-0.21%0.52%-6,863 bps
Deposit Growth (YoY)58.22%50.89%3.86%-0.70%-2.60%-6,082 bps
Asset Quality
Nonperforming Loans / Loans0.27%0.29%0.25%0.26%0.18%-9 bps
Net Charge-Offs / Loans0.01%-0.02%-0.02%-0.01%0.03%+2 bps
Allowance / Loans0.84%0.85%0.82%0.85%0.81%-4 bps
Allowance Coverage of NPLs3.1x2.9x3.3x3.3x4.4x+1.3x
Capital
Tier 1 Leverage Ratio10.64%11.06%11.14%11.76%12.17%+153 bps
Total Risk-Based Capital13.71%13.79%13.30%14.98%13.88%+18 bps
Equity / Assets12.77%12.94%13.20%13.93%14.22%+144 bps
Liquidity & Funding
Loans / Deposits94.88%93.45%96.92%96.15%97.92%+304 bps
Liquid Assets / Assets2.63%3.35%1.33%2.07%1.38%-125 bps
CRE / Total Capitaln/an/an/an/an/an/an/a