Truxton Corp · OTC:TRUX
Truxton — Shareholder Meeting (May 2020)
12 slides from Truxton's shareholder meeting presentation, May 20, 2020
Slide 1: Annual Meeting of Shareholders
Annual Meeting of Shareholders May 20, 2020 Thomas S. Stumb Andrew L. May Chairman and Chief Executive Officer President and Chief Financial Officer
Slide 2: 2019 Financial Highlights
2019 Financial Highlights Revenue (000's) Fully Diluted EPS ROAE $27,500 $3.50 $3.46 15.80% 15.77% $27,026 $27,000 $3.40 15.75% $26,500 $3.30 15.70% $26,000 $3.20 15.65% $25,500 $3.10 15.60% $25,000 $3.00 $2.95 $24,637 15.55% 15.53% $24,500 $2.90 15.50% $24,000 $2.80 $23,500 $2.70 15.45% $23,000 $2.
Slide 3: Growth is Continuing in 2020
Growth is Continuing in 2020 Truxton Trust continues to experience growth in the new year. Pre-tax income increased 11.7% in Q1 2020 compared to Q1 2019 $ in thousands Quarter Ended March 31 Income Summary 2020 2019 % Change Net Interest Income $4,219 $3,649 15.6% Provision for Loan Losses $185 $0 N
Slide 4: Deposit Costs are Falling
Deposit Costs are Falling Decrease in Cost of Funds < Rise in Yield on Earning Assets = NIM expansion NIM Cost of Funds NIM Fed Funds 3.5% 1.2% 4.0% 3.4% 1.1% 3.5% 3.4% 1.0% 3.0% 3.3% 0.9% 2.5% Cost of Funds 3.3% 0.8% 2.0% NIM 3.2% 0.7% 1.5% 3.2% 0.6% 1.0% 3.1% 0.5% 0.5% 3.1% 0.4% 0.0% 3.0% 0.3% Q1
Slide 5: Safe and Reliable Credit Quality
Safe and Reliable Credit Quality 30+ days past due: $341,000 Allowance vs. Non-Performing ($000’s) No Non-Performing Assets $3,500 No “Other Real Estate Owned” $3,000 Reserves / Loans 1.04% $2,500 Allowance for Loan & Lease 1.02% Loss $2,000 1.00% 0.98% $1,500 0.96% Non-Performing Loans $1,000
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 & 100% 200% Development, although we are approaching the CRE limit of 300% 50% 100% Our average loan yield has decreas
Slide 7: Deposits
Deposits Cost of Deposits After Effect of NIBA Time Deposits Less Than Deposit Mix Time Deposits Fed Greater than Fed $250k Funds Fed $250k 2.25% Funds Funds 2% Money Market 1.2% 1.75% Internal Brokered Demand Fed Funds Fed Accounts 2% Funds 1.0% 0.25% Fed 0.8% Funds 1.75% Customer Demand 0.6% Money
Slide 8: Wealth Management Growth Continues
Wealth Management Growth Continues Non-interest income constituted 43% of total revenue in 2019 Wealth management services represents 90.7% of total non-interest income YTD 2020 Wealth management revenue increased 2.62% in Q1 2020 compared to Q1 2019 Wealth Management Revenue ($000’s) Wealth M
Slide 9: TRUX Financial Returns are Excellent
TRUX Financial Returns are Excellent Efficiency ratio decreased by 12.32% in Q1 2020 compared to Q1 2019 Net interest margin (NIM) increased 4.64% compared to Q1 2019 Return on average assets (ROAA) up 4 basis points from Q1 2019 Return on average equity (ROAE) down 19 basis points from Q1 2
Slide 10: We are Creating Value from your Capital
We are Creating Value from your Capital 160000 140000 120000 100000 Initial Capital Raised 80000 R/E & BV of Equity Book Value of Equity Plus Distributions 60000 Market Value of Equity 40000 20000 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Q1 2020 Truxton Trust
Slide 11: External Validation
External Validation American Banker Top 200 Community Banks 0 17 21 20 29 36 40 40 61 60 Rank in Top 200 80 106 100 No other Bank from 120 Nashville or 140 contiguous counties 160 171 made this list 180 2013 2014 2015 2016 2017 2018 2019 2020 Truxton Trust 11
Slide 12: 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 12