Truxton Corp · OTC:TRUX

Truxton — Shareholder Meeting (May 2022)

14 slides from Truxton's shareholder meeting presentation, May 18, 2022

  1. Slide 1: Annual Meeting of Shareholders

    Annual Meeting of Shareholders May 18, 2022 Thomas S. Stumb Andrew L. May Chairman and Chief Executive Officer President and Chief Financial Officer

  2. Slide 2: 2021 Financial Highlights

    2021 Financial Highlights Revenue (000's) Fully Diluted EPS Assets (000’s) $40,000 $6.00 $1,000,000 $35,564 $917,259 $35,000 $5.02 $900,000 $29,374 $5.00 $800,000 $741,618 $30,000 $3.90 $700,000 $4.00 $25,000 $600,000 $20,000 $3.00 $500,000 $15,000 $400,000 $2.00 $300,000 $10,000 $1.00 $200,000 $5,0

  3. Slide 3: Growth is Continuing in 2022

    Growth is Continuing in 2022  Truxton Trust continues to experience growth in the new year  Net income increased 37.2% in Q1 2022 compared to Q1 2021 ($000s) Quarter Ended March 31 Income Summary 2022 2021 % Change Net Interest Income $5,592 $4,523 23.6% Provision for Loan Losses $105 $92 14.1% No

  4. Slide 4: NIM Challenged by Dynamic Environment

    NIM Challenged by Dynamic Environment NIM & COF vs Fed Funds 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 NIM Cost of Funds Fed Funds (Upper Bound) Fed Funds Expected Fed Funds Expected source: CME Fed

  5. Slide 5: Safe and Reliable Credit Quality

    Safe and Reliable Credit Quality  30 days+ past due: total $45,982.26 Allowance vs. Non-Performing ($000’s)  Non-performing assets (NPAs): $0  No “Other Real Estate Owned” Allowance for Loan & Lease Loss Non-Performing Loans $4,950 $4,400 $3,850 1.40% Reserves / Loans $3,300 1.20% 1.16% 1.14% 1.1

  6. Slide 6: We Have Conservative, Diversified Loans

    We Have Conservative, Diversified Loans ACD CRE 200% 400%  “Risky” Commercial Real Estate below regulatory limits for Commercial Real 150% 300% Estate and Acquisition, Construction & Development 100% 200%  Our average loan yield declined through the low interest rate environment driven 50% 100% by

  7. Slide 7: Deposits

    Deposits Deposit Mix Cost of Deposits After Effect of NIBA Time Deposits Time Deposits Retail Wholesale Internal 1.20% Money Market Demand Brokered Accounts Fed 1.00% Funds 0.25% Customer Demand 0.80% Accounts Fed Funds 0.60% 0.50% Money Market Savings 0.40% End of Period Balances as of March 31, 20

  8. Slide 8: Pre-Tax, Pre-Provision Net Revenue (PPNR)

    Pre-Tax, Pre-Provision Net Revenue (PPNR) Net Interest Income (+) Non-Interest Expense (-) Q1 2022 Non-Interest Income (+) Pre-Tax, Pre-Provision Net Revenue(=) Comparison vs. Q1 2021 +37.48% Q1 2021 Q4 2021 Q1 2022 $4,356 $4,246 $4,818 $4,858 $3,556 $4,332 $5,272 $5,592 $4,660 $5,025 $4,523 $3,655

  9. Slide 9: Wealth Management Growth Continues

    Wealth Management Growth Continues  Non-interest income constituted 44.3% of total revenue in Q1 2022  Wealth management services represented 96% of total non-interest income in Q1 2022  Wealth management revenue increased 21.9% in Q1 2022 compared to Q1 2021 Wealth Management Revenue ($000’s) We

  10. Slide 10: TRUX Financial Returns are Excellent

    TRUX Financial Returns are Excellent  Efficiency ratio improved by 9.7% in Q1 2022 compared to Q1 2021  Net interest margin (NIM) up 11 basis points compared to Q1 2021  Return on average assets (ROAA) up 30 basis points from Q1 2021  Return on average equity (ROAE) up 459 basis points from Q1 2

  11. Slide 11: We are Creating Value from your Capital

    We are Creating Value from your Capital $250,000 $200,000 $150,000 $100,000 $50,000 $0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1 2022 Initial Capital Raised Book Value of Equity BV Plus Cumulative Distributions Market Value of Equity Truxton Trust 1

  12. Slide 12: Truxton has Amply Rewarded: Shareholders & The Government

    Truxton has Amply Rewarded: Shareholders & The Government  $20,000,000 of initial capital raised  Cumulative Taxes: $23,202,000  Cumulative Dividends: $28,423,000 Annual Income Taxes Paid (000s) Annual Dividends Paid (000s) $3,500 $7,000 $3,000 $6,000 $2,500 $5,000 $2,000 $4,000 $1,500 $3,000 $1,

  13. Slide 13: EPS and Dividends

    EPS and Dividends  Dividends paid per share since inception totaled $10.26 as of March 31, 2022 $2.50 # of Employees vs. EPS 75 $5.50 $2.00 $0.68 70 $5.00 65 $4.50 $1.50 # of Employees 60 $4.00 Diluted EPS $2.20 $2.12 $1.00 55 $3.50 $1.68 50 $3.00 $0.50 $1.00 $0.88 $0.80 45 $2.50 $0.72 $0.60 $0.40

  14. Slide 14: Mission

    Mission To do the right thing every day, putting our clients’ interests first, with distinctive, comprehensive financial solutions that protect and promote client prosperity and quality of life. Truxton Trust 14

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