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First State Bank

Kenton, TN · Cert 6105

FDIC

Q4 2002

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 2002, the quarter ended December 31, 2002, 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

First State Bank

Kenton, TN · Cert 6105

FDIC

Q4 2002

$284.3MAssets
$189.0MLoans
$239.3MDeposits
$24.2MEquity
Loan mix
72%RE $67.3M28%C&I $25.9M1%Consumer $0.7MQ4 2001Q4 2002
Deposit mix
91%Interest-bearing $218.7M9%Noninterest $20.6MQ4 2001Q4 2002

NIM

7.57%Q1 ’016.86%Q4 ’015.72%Q4 ’02-9%+27%

Non-interest income vs. expense

2.64%Q1 ’012.87%Q4 ’013.20%Q4 ’02+14%+4%

Executive Summary

  • Earnings: ROA of 0.15%, up 92 bps year over year; NIM at 3.04%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.51%.
  • Funding: loans stand at 78.99% of deposits as of Q4 2002.

Financial Results

Return on Assets (YTD, annualized)

0.15%+92 bps YoY

Net Interest Margin (YTD, annualized)

3.04%+64 bps YoY

Efficiency Ratio (YTD, annualized)

84.23%-1,407 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2001Q1 2002Q2 2002Q3 2002Q4 2002YoY ΔTrend
Earnings
Return on Assets-0.78%-0.31%-0.07%0.10%0.15%+92 bps
Return on Equityn/a-3.88%-0.90%1.25%1.78%n/a
Net Interest Margin2.40%2.48%2.80%3.08%3.04%+64 bps
Efficiency Ratio98.31%94.14%86.69%83.29%84.23%-1,407 bps
Non-Interest Burden2.35%2.30%2.33%2.44%2.44%+9 bps
Growth
Asset Growth (YoY)-1.10%1.17%3.26%2.49%-0.40%+70 bps
Loan Growth (YoY)7.53%-0.27%-1.12%-3.27%4.60%-292 bps
Deposit Growth (YoY)-0.22%2.59%5.11%4.11%-2.72%-251 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.98%-0.16%0.29%0.43%0.51%-47 bps
Allowance / Loans2.26%2.67%2.67%2.55%2.29%+3 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 Capital12.35%13.08%13.12%12.97%12.45%+10 bps
Equity / Assets7.72%8.19%8.57%8.65%8.51%+78 bps
Liquidity & Funding
Loans / Deposits73.46%70.93%73.05%74.55%78.99%+553 bps
Liquid Assets / Assets0.01%0.75%0.76%0.04%1.45%+144 bps
CRE / Total Capitaln/an/an/an/an/an/an/a