PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Munford Union Bank, The

Munford, TN · Cert 9495

FDIC

Q1 2003

$153.1MAssets
$87.3MLoans
$120.5MDeposits
$20.8MEquity
Deposit mix
89%Interest-bearing $107.3M11%Noninterest $13.2MQ1 2002Q1 2003

NIM

7.63%Q1 ’016.44%Q1 ’025.09%Q1 ’03+8%-14%

Non-interest income vs. expense

2.45%Q1 ’012.66%Q1 ’022.17%Q1 ’03+11%-15%

Executive Summary

  • Earnings: ROA of 1.16%, down 44 bps year over year; NIM at 3.07%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 72.48% of deposits as of Q1 2003.

Financial Results

Return on Assets (YTD, annualized)

1.16%-44 bps YoY

Net Interest Margin (YTD, annualized)

3.07%-48 bps YoY

Efficiency Ratio (YTD, annualized)

57.93%-324 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets1.61%0.18%0.58%0.76%1.16%-44 bps
Return on Equity18.70%1.59%4.83%6.07%8.51%-1,019 bps
Net Interest Margin3.55%0.62%1.50%1.84%3.07%-48 bps
Efficiency Ratio61.17%54.92%52.69%54.30%57.93%-324 bps
Non-Interest Burden1.86%0.30%0.67%0.85%1.59%-28 bps
Growth
Asset Growth (YoY)0.69%12.40%25.37%29.21%32.76%+3,207 bps
Loan Growth (YoY)2.76%7.42%10.88%12.27%26.76%+2,401 bps
Deposit Growth (YoY)0.14%2.66%12.11%17.29%20.02%+1,989 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.11%0.00%0.00%0.01%0.00%-11 bps
Allowance / Loans1.25%1.36%1.36%1.33%1.21%-4 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 Capital12.85%12.39%11.75%12.86%11.91%-94 bps
Equity / Assets8.64%15.67%14.47%13.82%13.57%+493 bps
Liquidity & Funding
Loans / Deposits68.63%71.09%68.25%67.10%72.48%+385 bps
Liquid Assets / Assets25.65%0.00%0.00%1.00%0.01%-2,564 bps
CRE / Total Capitaln/an/an/an/an/an/an/a