United Bancorporation of Alabama, Inc. · OTC:UBAB
United Bancorporation of Alabama — Shareholder Meeting (May 2023)
18 slides from United Bancorporation of Alabama's shareholder meeting presentation, May 3, 2023
Slide 1: Annual Shareholders Meeting May 3, 2023
ANNUAL SHAREHOLDERS MEETING MAY 3, 2023 OTCQX:UBAB
Slide 2: Corporate Profile
CORPORATE PROFILE Founded in 1904, United Bancorporation of Alabama (UBAB) is headquartered in Atmore, AL with a franchise footprint serving Southwest Alabama and Northwest Florida. OUR CORPORATE STRUCTURE UB Community Development, LLC manages various programs like New Market Tax Credits, Capital Ma
Slide 3: Our Core Values
OUR CORE VALUES Our core values remind us daily what United Bank stands for. It gives us a sense of security and acts as a guide for our Unity of Effort employees, but our core values do more than that. They also help our customers know what we stand for. We are there for them and are doing our best
Slide 4: Mission Statement and Vision Statement
MISSION STATEMENT Building strong communities by empowering employee owners to deliver responsive and innovative products and services that promote healthy and resilient businesses and families with an emphasis on underserved and economically distressed communities within our diverse footprint. VISI
Slide 5: Awards & Recognitions
Awards & Recognitions OTCQX:UBAB
Slide 6: UBAB Stock Performance
UBAB STOCK PERFORMANCE UBAB ended 2022 at $35.20 per share 67.62% stock price appreciation in 2022 Approximately 1% dividend yield Ranked 9th in the 2023 OTCQX Best 50 OTCQX:UBAB
Slide 7: 2022 Performance
2022 PERFORMANCE OTCQX:UBAB
Slide 8: 2022 Financials: Net Income and Earnings Per Share
2022 FINANCIALS ew $6 $i4M $5 S10M $4 Som $3 $2M $2 2022 2021 2020 2019 2021 TOTAL NET INCOME EARNINGS PER SHARE Totals ending 12/31/22 as of 12/31/22 OTCOX:UBAB United Bancorporation Up of Alabama, Inc.
Slide 9: 2022 Financials: Tier One Leverage and Equity to Assets
2022 FINANCIALS 20% 16% 16% 13% 12% 10% 8% 7% 4% 4% 2022 2021 2020 2019 2022 2021 2020 2019 TIER ONE LEVERAGE RATIO EQUITY TO TOTAL ASSETS Totals ending 12/31/22 Totals ending 12/31/22 OTCOX:UBAB United Bancorporation Up of Alabama, Inc.
Slide 10: 2022 Financials: Net Interest Margin and ROA
2022 FINANCIALS 5% 2% 4% 1.75% 3% 1.50% 2% 1.25% 1% 1% 2022 2021 2022 2021 2020 2019 NET INTEREST MARGIN RETURN ON AVERAGE ASSETS Totals ending 12/31/22 Totals ending 12/31/22 OTCOX:UBAB United Bancorporation Up of Alabama, Inc.
Slide 11: New Market Tax Credits
New Market Tax Credits Awarded by the US Department of Treasury annually through application designed to stimulate private investment in low-income areas. $48,500,000 in allocation placed and closed in 2022 Partnered with 3rd party CDEs for an additional $52,500,000 in allocation to our projects Cre
Slide 12: Community Housing Capital
Community Housing Capital $42.2 loan commitments closed in 2022 Fee income of $400,300 in 2022 14 new housing projects started (8 new construction, 6 rehab) totaling 976 units in 2022 Visit our website for project success stories and media coverage at OTCQX:UBAB www.UBCommunityDevelopment.com
Slide 13: Community Development Financial Institution
COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION United Bank participates in several CDFI grant applications annually Financial Assistance (FA) awards are made in the form of loans, grants, equity investments, and deposits, which CDFIs are required to match dollar-for-dollar that provide access to afford
Slide 14: 2022 Strategic Accomplishments
2022 STRATEGIC ACCOMPLISHMENTS Record Profitability TCUB 1st Full Year ECIP Closing in 2022 Anniversary Corporate Awards Technology Pace Branch Enhancements New Location OTCQX:UBAB
Slide 15: 2022 Challenges
2022 CHALLENGES Rising Interest Staffing Challenges Rates Record Inflation Balance Sheet Pressure OTCQX:UBAB
Slide 16: 2023 Outlook
2023 OUTLOOK ECIP Deployment Commitment to Staff Commitment to Balance Sheet Technology Management OTCQX:UBAB
Slide 17: For More Information
FOR MORE INFORMATION Quarterly reports are available on our investor relations page at www.UnitedBank.com Visit us at www.UnitedBankAnnualReport.com for our 2022 Annual Report Visit us at www.UBCommunityDevelopment.com for projects and outreach OTCQX:UBAB
Slide 18: Forward-looking statements
This presentation contains forward-looking statements relating to the financial condition, results of operations and business of United Bancorporation of Alabama, Inc. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of the management of U
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