Tennessee Bank & Trust

Nashville, TN · Cert 59101

FDIC · 5 branches

Q2 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2

Part 2Peer Comparison, banks under $1B in assets in the Nashville-Davidson--Murfreesboro--Franklin, TN area3

Basis

Quarter: Q2 2024, the quarter ended June 30, 2024, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets in the Nashville-Davidson--Murfreesboro--Franklin, TN area (n=16). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

Asset Quality

Profitability

Liquidity

Efficiency

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Tennessee Bank & Trust

Nashville, TN · Cert 59101

FDIC · 5 branches

Q2 2024

$516.5MAssets

$384.8MLoans

$450.9MDeposits

$50.3MEquity

Loan mix

Deposit mix

Market Position · Nashville-Davidson--Murfreesboro--Franklin, TN · 2024 SOD (annual) · 0.5% share · #29 of 65 inst. · $0.5B of $93.0B

0.5% Davidson

1.3% Williamson

Executive Summary

Earnings: ROA of 0.09%, up 163 bps year over year; NIM at 2.90%.
Asset quality: problem loans at 0.00% of loans (-6 bps YoY), with net recoveries of 0.01%.
Capital: tier 1 leverage ratio of 10.24%, up 121 bps from a year ago.
Funding: loans stand at 85.35% of deposits as of Q2 2024.

Return on Assets (YTD, annualized)

0.09%+163 bps YoY

Net Interest Margin (YTD, annualized)

2.90%-20 bps YoY

Efficiency Ratio (YTD, annualized)

95.95%-1,369 bps YoY

Tier 1 Leverage Ratio

10.24%+121 bps YoY

NIM

Non-interest income vs. expense

Year to date, annualized, through each quarter.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	YoY Δ	Trend
Earnings
Return on Assets	0.09%	-0.39%	-0.67%	-1.54%	-1.99%	-1.71%	0.21%	0.09%	+163 bps
Return on Equity	0.94%	-4.27%	-7.88%	-18.60%	-24.53%	-20.74%	2.29%	0.92%	+1,952 bps
Net Interest Margin	3.89%	3.85%	3.29%	3.11%	2.95%	2.96%	2.85%	2.90%	-20 bps
Efficiency Ratio	90.12%	91.23%	109.37%	109.64%	131.73%	131.76%	90.02%	95.95%	-1,369 bps
Non-Interest Burden	3.46%	3.48%	3.61%	3.43%	3.95%	3.96%	2.55%	2.78%	-65 bps
Growth
Asset Growth (YoY)	12.29%	17.57%	17.39%	17.85%	30.38%	20.08%	3.76%	-1.62%	-1,947 bps
Loan Growth (YoY)	7.88%	12.00%	15.33%	27.00%	29.42%	13.72%	4.69%	-7.96%	-3,496 bps
Deposit Growth (YoY)	17.44%	12.50%	8.21%	9.20%	24.98%	12.53%	9.04%	1.58%	-763 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.01%	0.06%	0.17%	0.15%	0.01%	0.00%	-6 bps
Net Charge-Offs / Loans	0.20%	0.17%	0.08%	1.03%	0.83%	0.68%	-0.15%	-0.01%	-104 bps
Allowance / Loans	1.08%	1.08%	1.13%	1.20%	1.18%	1.19%	1.24%	1.26%	+5 bps
Allowance Coverage of NPLs	n/a	n/a	214.8x	20.3x	7.0x	8.0x	159.8x	302.1x	+281.8x
Capital
Tier 1 Leverage Ratio	10.50%	9.97%	9.83%	9.02%	9.17%	10.06%	10.10%	10.24%	+121 bps
Total Risk-Based Capital	10.50%	9.97%	9.83%	9.02%	9.17%	12.39%	12.93%	13.53%	+451 bps
Equity / Assets	9.54%	8.43%	8.58%	7.87%	7.66%	8.84%	9.60%	9.74%	+187 bps
Liquidity & Funding
Loans / Deposits	81.49%	88.35%	90.73%	94.18%	84.39%	89.28%	87.11%	85.35%	-884 bps
Liquid Assets / Assets	7.46%	3.09%	5.61%	3.30%	12.10%	12.57%	7.51%	9.73%	+643 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a

Tennessee Bank & Trust

Nashville, TN · Cert 59101 · Peer group: banks under $1B in assets in the Nashville-Davidson--Murfreesboro--Franklin, TN area (n=16)

FDIC · 5 branches

Q2 2024

$516.5MAssets

$384.8MLoans

$450.9MDeposits

$50.3MEquity

Executive Summary

Strongest standing: nonperforming loans / loans outperforms 87% of banks under $1B in assets in the Nashville-Davidson--Murfreesboro--Franklin, TN area (rank 3 of 16).
Widest gap: return on equity trails 81% of banks under $1B in assets in the Nashville-Davidson--Murfreesboro--Franklin, TN area (rank 13 of 16).
Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

0.09%

Rank 13 of 16

Net Interest Margin

2.90%

Rank 8 of 16

Efficiency Ratio

95.95%

Rank 13 of 16

Equity / Assets

9.74%

Rank 7 of 16

Non-interest income vs. expense

Unfavorable gap of $14.7M · efficiency ratio beats 25% of banks under $1B in assets in the Nashville-Davidson--Murfreesboro--Franklin, TN area

Metric	Your Bank	Peer 25th	Peer Median	Peer 75th	Standing	Rank	8-Qtr Trend
Earnings
Return on Assets	0.09%	0.20%	0.71%	1.30%	Beats 19%	13 / 16	n/a
Return on Equity	0.91%	2.16%	9.20%	11.88%	Beats 19%	13 / 16	n/a
Net Interest Margin	2.90%	2.61%	2.90%	3.35%	Beats 50%	8 / 16	n/a
Efficiency Ratio	95.95%	58.20%	76.37%	95.95%	Beats 25%	13 / 16	n/a
Asset Quality
Nonperforming Loans / Loans	0.00%	0.02%	0.16%	1.08%	Beats 87%	3 / 16	n/a
Net Charge-Offs / Loans	0.11%	0.00%	0.01%	0.11%	Beats 25%	13 / 16	n/a
Capital
Tier 1 Capital Ratio	12.33%	11.17%	12.52%	14.62%	Beats 38%	10 / 16	n/a
Total Risk-Based Capital Ratio	13.53%	12.43%	13.53%	15.55%	Beats 50%	8 / 16	n/a
Equity / Assets	9.74%	8.26%	9.57%	10.98%	Beats 56%	7 / 16	n/a
Liquidity & Funding
Loans / Deposits	85.34%	67.25%	82.82%	94.64%	63rd pctl	6 / 16	n/a
Loans / Assets	74.50%	59.99%	70.19%	82.15%	63rd pctl	6 / 16	n/a
Brokered Deposits / Deposits	n/a	Not reported for this institution