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Greene County Bank

Greeneville, TN · Cert 895

FDIC

Q2 2011

$2.3BAssets
$1.6BLoans
$1.9BDeposits
$210.2MEquity
Loan mix
84%RE $1.1B11%C&I $0.1B5%Consumer $0.1BQ2 2010Q2 2011
Deposit mix
90%Interest-bearing $1.7B10%Noninterest $0.2BQ2 2010Q2 2011

NIM

4.98%Q2 ’094.91%Q2 ’104.45%Q2 ’11+16%-1%

Non-interest income vs. expense

24.08%Q2 ’093.15%Q2 ’104.03%Q2 ’11-92%+43%

Executive Summary

  • Earnings: ROA of -1.78%, down 231 bps year over year; NIM at 3.41%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.28%.
  • Funding: loans stand at 82.32% of deposits as of Q2 2011.

Financial Results

Return on Assets (quarter, annualized)

-1.78%-231 bps YoY

Net Interest Margin (quarter, annualized)

3.41%-4 bps YoY

Efficiency Ratio (quarter, annualized)

83.06%+1,824 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2010Q3 2010Q4 2010Q1 2011Q2 2011YoY ΔTrend
Earnings
Return on Assets0.53%-5.51%-8.40%-1.67%-1.78%-231 bps
Return on Equity4.28%-45.56%-79.07%-17.86%-19.44%-2,372 bps
Net Interest Margin3.44%3.46%3.30%3.25%3.41%-4 bps
Efficiency Ratio64.81%83.94%151.85%82.18%83.06%+1,824 bps
Non-Interest Burden1.89%2.78%5.62%2.55%2.71%+82 bps
Growth
Asset Growth (YoY)-3.83%-13.56%-8.11%-6.87%-9.30%-547 bps
Loan Growth (YoY)-11.81%-12.51%-14.60%-15.71%-19.07%-726 bps
Deposit Growth (YoY)-1.86%-13.49%-5.42%-3.09%-5.45%-359 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.01%7.96%2.09%3.72%4.28%+327 bps
Allowance / Loans2.59%2.74%3.83%3.87%4.02%+142 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 Capital15.99%14.80%13.22%13.10%13.25%-274 bps
Equity / Assets12.48%11.68%9.55%9.19%9.18%-330 bps
Liquidity & Funding
Loans / Deposits96.18%95.31%87.97%84.68%82.32%-1,386 bps
Liquid Assets / Assets6.17%6.64%10.45%11.79%12.84%+667 bps
CRE / Total Capitaln/an/an/an/an/an/an/a