First National Bancshares — Shareholder Meeting (May 2008)
20 slides from First National Bancshares's shareholder meeting presentation, May 19, 2008
Slide 1: First National Bancshares Shareholder Meeting May 19, 2008
IRST NATIONAL’ BANCSHARES, INC. SHAREHOLDER MEETING MAY 19, 2008
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements in this presentation constitute “forward- looking statements.” Forward-looking statements relate to future events or our future financial performance and include statements about the competitiveness of the banking industry, potential regulatory obligatio
Slide 3: 2007: Year of Significant Progress
IRST NATIONAL BANCSHARES, INC. 2007: YEAR OF SIGNIFICANT PROGRESS
Slide 4: Growing Our Team
2007: Year of Significant Progress Growing Our Team 1Q 2008
Slide 5: Growing Our Balance Sheet
2007: Year of Significant Progress Growing Our Balance Sheet ($ in thousands) QO Ninth largest financial institution headquartered in South Carolina Catego' Mar. 31, 2008 _Dec. 31, 2007* Increase __%Increase Assets $ 848,348 $ 586,513 $ 261,835 44.6% Loans $ 701,512 $ 474,685 $ 226,827 47.8% Deposit
Slide 6: Growing Our Branch Footprint
2007: Year of Significant Progress de _ Growing Our Branch Footprint
Slide 7: Slide 7
Slide 8: Growing Our Market Share
2007: Year of Significant Progress Growing Our Market Share Deposits Market Institution ($000) Share Branches E Wachovia Corp. (NC) $6,307,233 22.08 % 63 Bank of America Corp. (NC) 4,321,101 15.13 54 South Financial Group Inc. (SC) 3,164,542 11.08 26 BB&T Corp. (NC) 2,984,612 10.45 44 Synovus Financ
Slide 9: Expansion Plans — Columbia Market
2007: Year of Significant Progress Expansion Plans — Columbia Market Lexington Office * Coming Summer 2008!
Slide 10: Expansion Plans — York County Market
2007: Year of Significant Progress Expansion Plans — York County Market
Slide 11: Growing Our Shareholder Base
2007: Year of Significant Progress Growing Our Shareholder Base Market Cap of $64 million* (6.4 million shares outstanding) (*not including preferred stock of $18 million) Added approximately 2.7 million shares and 2,000 shareholders with the Carolina National acquisition Active corporate share repu
Slide 12: 2007: Year of Financial Strength
IRST NATIONAL BANCSHARES, INC. 2007: YEAR OF FINANCIAL STRENGTH
Slide 13: Slide 13
Slide 14: Financial Strength: Strong Loan Growth
2007: Year of Financial Strength Strong Loan Growth ($ in millions) CAGR = 36.0%
Slide 15: Financial Strength: Strong Deposit Growth
2007: Year of Financial Strength Strong Deposit Growth ($ in millions) CAGR = 35.0%
Slide 16: 2005 2006 2004
2005 2006 2004
Slide 17: Financial Strength: Strong Capital Base
2007: Year of Financial Strength Strong Capital Base ¢ Well-capitalized at 11.23% as of March 31, 2008 ¢ Cumulative earnings of $13.9 million since inception, including net income of $735,000 for the quarter ended March 31, 2008 ¢ Issued $18 million in 7.25% Noncumulative Convertible Perpetual Prefe
Slide 18: 2007 Year of Financial Strength: Strong Base of Earning Assets
2007 Year of Financial Strength Strong Base of Earning Assets Federal Reserve has cut interest rates by 325 basis points since September of 2007 including first emergency rate cut (75 bps on January 22, 2008) since September 11, 2001 Net interest margin of 2.91% for first quarter of 2008 as compared
Slide 19: Business Meeting
IRST NATIONAL BANCSHARES, INC. BUSINESS MEETING
Slide 20: Please join us for our reception
Please join us for our reception upstairs in the Montgomery Lobby. Carolina Wren, Palmetto Tree, State Bird Yellow Jessamine, State Tree State Bower
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