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Somerville Bank & Trust Company, The

Somerville, TN · Cert 9174

FDIC

Q4 2013

$219.8MAssets
$89.5MLoans
$196.6MDeposits
$22.7MEquity
Loan mix
90%RE $77.3M4%C&I $3.1M6%Consumer $5.2MQ4 2012Q4 2013
Deposit mix
87%Interest-bearing $170.7M13%Noninterest $25.9MQ4 2012Q4 2013

NIM

3.45%Q4 ’113.06%Q4 ’122.68%Q4 ’13-8%-8%

Non-interest income vs. expense

2.02%Q4 ’111.89%Q4 ’121.70%Q4 ’13-8%-9%

Executive Summary

  • Earnings: ROA of 0.57%, down 3 bps year over year; NIM at 2.32%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.10%.
  • Funding: loans stand at 45.54% of deposits as of Q4 2013.

Financial Results

Return on Assets (YTD, annualized)

0.57%-3 bps YoY

Net Interest Margin (YTD, annualized)

2.32%-19 bps YoY

Efficiency Ratio (YTD, annualized)

67.56%-140 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2012Q1 2013Q2 2013Q3 2013Q4 2013YoY ΔTrend
Earnings
Return on Assets0.61%0.59%0.60%0.60%0.57%-3 bps
Return on Equity5.47%5.40%5.50%5.46%5.30%-16 bps
Net Interest Margin2.50%2.32%2.40%2.37%2.32%-19 bps
Efficiency Ratio68.97%69.24%67.83%67.58%67.56%-140 bps
Non-Interest Burden1.65%1.53%1.56%1.53%1.50%-16 bps
Growth
Asset Growth (YoY)2.56%0.74%2.70%5.17%8.28%+572 bps
Loan Growth (YoY)-1.27%0.19%0.05%-2.27%-3.94%-267 bps
Deposit Growth (YoY)2.10%1.43%2.90%5.57%10.08%+799 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.16%0.07%0.11%0.10%+10 bps
Allowance / Loans1.31%1.21%1.21%1.13%1.14%-18 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 Capital22.67%22.76%22.76%22.87%22.49%-17 bps
Equity / Assets10.86%11.01%11.04%10.97%10.34%-52 bps
Liquidity & Funding
Loans / Deposits52.18%51.71%50.63%49.81%45.54%-665 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a