Citizens Community Bancorp, Inc. · NASDAQ:CZWI
Citizens Community Bancorp — Shareholder Meeting (March 2018)
17 slides from Citizens Community Bancorp's shareholder meeting presentation, Mar 27, 2018
Slide 1: Citizens Community Bancorp Inc Annual Meeting | March 27, 2018
CITIZENS COMMUNITY BANCORP INC Annual Meeting | March 27, 2018
Slide 2: Forward-looking statements
This presentation includes forward-looking statements about the financial condition, results of operations and business of Citizens Community Bancorp, Inc. (“Citizens”) and its wholly owned subsidiary, Citizens Community Federal N.A. (“CCFBank”). Forward-looking statements can be identified by the f
Slide 3: Cautionary Note Regarding Non-GAAP Financial Measures
This presentation contains non-GAAP financial measures, which management believes may be helpful in understanding the Company's results of operations or financial position and comparing results over different periods. Non-GAAP measures eliminate the impact of certain one-time expenses such as acquis
Slide 4: Our Leadership Team
Our Leadership Team OUR LEADERSHIP TEAM President / CEO SVP Chief Technology Officer EVP / CFO SVP Corporate Development SVP West Region President Commercial / Ag Banking SVP Chief Credit Officer VP Human Resources SVP East Region President Commercial / Ag Banking
Slide 5: Current CZWI Branch Locations
Current CZWI Branch Locations One additional office in suburban Detroit.
Slide 6: Company Profile
COMPANY PROFILE FOUNDED IN 1939 Business model changing to Commercial/Ag/Consumer from credit union, thrift legacy GROWTH ORIENTED Acquisitions and organic growth driving robust loan and deposit growth since 2016 INCREASED PROFITABILITY Quality and quantity of earnings improving via balance sheet re
Slide 7: CZWI Focus Items
CZWI FOCUS ITEMS ENHANCING THE QUANTITY AND QUALITY OF EARNINGS We are committed to enhancing shareholder value by improving the loan and deposit mix, deepening customer relationships and strengthening other sources of revenue. EXPERTISE IN COMMERCIAL & AG BANKING We take pride in serving small and
Slide 8: Key Market Differentiators
KEY MARKET DIFFERENTIATORS BUSINESS MODEL • Serving small to mid-sized entrepreneurs & Ag producers • Responsive professionals • Easy to do business with • Products to compete vs. big banks, superior to smaller community banks CULTURE CREDIT STRATEGIC GROWTH • Experienced, energetic leadership team
Slide 9: Loan Portfolio Detail
LOAN PORTFOLIO DETAIL • Well diversified portfolio • Portfolio mix has changed dramatically • Commercial loan growth offset by the planned runoff of 1-4 family and indirect loan portfolios Commercial/Ag RE 39.40% Commercial/Ag Non RE 11.20% Originated Indirect 10.80% Purchased Indirect 3.60% Other C
Slide 10: Commercial Loan Detail
COMMERCIAL LOAN DETAIL • Commercial loan portfolio well diversified • Strong growth in all commercial loan categories • Average note size is under $225 thousand Ag 23.9% Multi-family real estate 8.8% Owner Occupied 16.8% Non-owner Occupied 15.1% Other CRE 19.6% Commercial non-real estate 15.8% $0 $5
Slide 11: Asset Quality
ASSET QUALITY • Good asset quality • CCFBank asset quality improved in all periods presented • Proactive risk management • Acquired NPA marked at time of acquisition • Low loan charge-off percentages NPAs/Total Loans 0.00% 0.10% 0.20% 0.30% 0.40% 9/30/2014 9/30/2015 9/30/2016 9/30/2017 12/31/2017 Su
Slide 12: Deposit Mix
DEPOSIT MIX Deposit Mix/COFs At December 31,2017 • Planned remix of deposits to lower cost non-maturity deposits from certificates ongoing • Consistent growth in checking and money market/savings • This deposit remix will decrease our cost of funds and enhance future profitability Money Market Deman
Slide 13: Net Income and Diluted EPS
NET INCOME AND DILUTED EPS (In $000’s) (In $) Core Income and Core EPS are non-GAAP financial measures, which management believes may be helpful in understanding the Company's results of operations or financial position and comparing results over different periods. Reconciliation of Core Income and
Slide 14: Shareholder Highlights
SHAREHOLDER HIGHLIGHTS COMMERCIAL/AG BANKING EXPERTISE PROVEN EXECUTIVES AND SENIOR MANAGERS SUCCESSFUL M&A ACTIVITY MICROPOLITAN, METROPOLITAN & RURAL DEMOGRAPHICS CULTURE OF ACCOUNTABILITY STRONG CREDIT QUALITY PROACTIVE RISK MANAGEMENT
Slide 15: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES EXPERTISE IN COMMERCIAL & AG BANKING FY2015 FY2016 FY2017 FQ1-18 (Dollars in Thousands, except share data) GAAP pre-tax earnings $ 4,420 $ 3,859 $ 3,822 $ 2,223 Merger related costs (1) 0 701 1,860 94 Branch closure costs (2) 614 839 951 7 Settlement pro
Slide 16: Reconciliation of Non-GAAP Financial Measures (footnotes)
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES EXPERTISE IN COMMERCIAL & AG BANKING (1) Costs incurred are included as data processing, advertising, marketing and public relations, professional fees and other noninterest expense in the consolidated statement of operations. (2) Branch closure costs in
Slide 17: Thank you!
EXPERTISE IN COMMERCIAL & AG BANKING Thank you !
Citizens Community Bancorp — Shareholder Meeting (March 2018) on 6ix