Civista Bancshares, Inc. · NASDAQ:CIVB
Civista Bancshares — First Citizens Banc — Investor Presentation (September 2013)
31 slides from Civista Bancshares's investor presentation, Sep 11, 2013
Slide 1: Serving our communities for over 125 years
Serving our communities for over 125 years Moving You Ahead
Slide 2: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information Comments made in this presentation include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to numerous assumptions, risks and uncertainties. Alth
Slide 3: First Citizens Banc Corp
First Citizens Banc Corp $1.1 Billion Bank Holding Company headquartered in Sandusky, Ohio Ticker Symbol FCZA on Nasdaq Organized in 1987 through The Citizens Banking Company Operates as The Citizens Banking Company North-central Ohio and as Champaign Bank in the Akron, Columbus and Urbana markets.
Slide 4: First Citizens Banc Corp acquisitions 1990 to 2007
First Citizens Banc Corp First Citizens has completed 6 acquisitions from 1990 to 2007: The Castalia Banking Company The Farmers State Bank of New Washington The Citizens National Bank of Norwalk The First National Bank of Shelby Miami Valley Bank – Russell’s Point Champaign Bank of Urbana
Slide 5: First Citizens Banc Corp Locations
First Citizens Banc Corp Locations Citizens Bank Berlin Heights Castalia Chatfield Greenwich Huron New Washington Norwalk (2) Plymouth Port Clinton Sandusky (3) Shelby (3) Shiloh Tiro Willard Champaign Bank Akron Dublin Hillard Plain City Quincy Russells Point Urbana (2) West Liberty
Slide 6: First Citizens Bank Corp Senior Management
First Citizens Bank Corp Senior Management Years in Years at Age Banking Citizens James O. Miller President & CEO 61 39 27 John A. Betts Senior Vice President Risk Officer 42 18 1 Richard J. Dutton Senior Vice President Chief Operating Officer 50 11 7 James E. McGookey Senior Vice President General
Slide 7: Where are we today?
First Citizens Banc Corp Where are we today?
Slide 8: Total Assets
Total Assets $1,200,000,000 $1,100,000,000 $1,000,000,000 $900,000,000 $800,000,000 $700,000,000 $600,000,000 $500,000,000
Slide 9: Total Loans
Total Loans $850,000,000 $800,000,000 $750,000,000 $700,000,000 $650,000,000 $600,000,000 $550,000,000 $500,000,000
Slide 10: Loan Mix
Loan Mix Loans to Agriculture and Commercial Individuals Other and Industrial 1% 2% 12% Farmland Real Estate Consumer Real 5% Estate 25% Commercial Real Estate 55%
Slide 11: Total Deposits
Total Deposits $1,000,000,000 $950,000,000 $900,000,000 $850,000,000 $800,000,000 $750,000,000 $700,000,000 $650,000,000 $600,000,000 $550,000,000 $500,000,000
Slide 12: Deposit Mix
Deposit Mix Brokered Deposits Other Fed Funds and 2% 4% Repos 2% Time Deposits > 100M 7% Demand Deposits 22% Now Accounts Time Deposits < 2% 100M 15% Money Market Demand 46%
Slide 13: Total Assets
2nd-2013 2nd-2012 0.00 050 1.00 150 200 250 3.00 350 Total Assets Tota Labities
Slide 14: Interest Expense to Earning Assets
Interest Expense to Earning Assets 3.00% 2.50% 2.00% First 1.50% Citizens 1.00% Peer 0.50% 0.00%
Slide 15: Interest Income to Earning Assets
Interest Income to Earning Assets 7.00% 6.00% 5.00% 4.00% First Citizens 3.00% 2.00% Peer 1.00% 0.00%
Slide 16: Net Interest Margin to Peer
Net Interest Margin to Peer 4.50% 4.00% 3.50% 3.00% First 2.50% Citizens 2.00% 1.50% Peer 1.00% 0.50% 0.00%
Slide 17: Net Interest Income Per Share
Net Interest Income Per Share $6.00 $5.50 $5.00 $4.50 $4.00 $3.50 $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 $-
Slide 18: Non-Interest Income Per Share
Non-Interest Income Per Share $1.60 $1.50 $1.40 $1.30 $1.20 $1.10 $1.00 $0.90 $0.80 $0.70 $0.60 $0.50 $0.40 $0.30 $0.20 $0.10 $-
Slide 19: Wealth Management Managed Assets
Wealth Management Managed Assets $500,000,000 $450,000,000 $400,000,000 $350,000,000 $300,000,000 $250,000,000 $200,000,000 $150,000,000 $100,000,000 $50,000,000 $-
Slide 20: Non-Interest Expense Per Share
Non-Interest Expense Per Share $5.50 $5.00 $4.50 $4.00 FDIC and Collection $3.50 Expenses $3.00 $2.50 $2.00 $1.50 Core Noninterest $1.00 Expense $0.50 $-
Slide 21: Provision for Loan Losses
Provision for Loan Losses $20,000,000 $18,000,000 $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $-
Slide 22: Net Earnings Per Share
Net Earnings Per Share 2012 2011 2010 2009 2008* $ 0.57 $ 0.36 $(0.32) $ 0.09 $ 0.56 * The per-share number for 2008 excludes a noncash write-down of goodwill of $(5.62)
Slide 23: Loan Loss Reserve as a % of Total
Loan Loss Reserve as a % of Total 3.00% 2.50% 2.00% 1.50% First Citizens 1.00% 0.50% Peer 0.00%
Slide 24: Other Real Estate Owned
Other Real Estate Owned $12,000,000 $10,000,000 $8,000,000 First $6,000,000 Citizens $4,000,000 Peer $2,000,000 $-
Slide 25: Past Due Loans 90+ as a Percentage of Loans
Past Due Loans 30 to 90+ Past Due as a Percentage of Loans 1.2% 1.0% 0.8% Citizens 0.6% 0.4% UBPR Peer 0.2% 0.0% 12/31/2010 12/31/2011 12/31/2012 6/30/2013
Slide 26: Non-Accrual Loans as a Percentage of Loans
Non-Accrual Loans as a Percentage of Loans 4.0% 3.5% 3.0% 2.5% Citizens 2.0% 1.5% UBPR 1.0% Peer 0.5% 0.0% 12/31/2010 12/31/2011 12/31/2012 6/30/2013
Slide 27: Where do we go from here?
Where do we go from here? As a Corporation • Address the TARP Preferred Stock • Look for growth opportunities • Long-term goal—$2,000,000,000 in assets to leverage infrastructure As a Bank • Continue the work for increased customer share – loans, deposits, wealth management • Prudently diversify loa
Slide 28: Growth Opportunities
Growth Opportunities Smaller Rural Banks • Low cost of funds • Low loan-to-deposit ratios • Solid customer base Urban Locations • Platform to expand lending in more vibrant markets Strategic • Acquisition to leverage infrastructure at a more rapid pace
Slide 29: Bank Strategies
Bank Strategies Integrated Calling Efforts • Commercial Lending • Cash Management • Wealth Management Diversify Portfolio • More exposure into C&I (prudently) • Increases emphasis on consumer lending Electronic World • Mobile Products • Internet Access Products • Younger customer base
Slide 30: Conclusion
Conclusion The team is in place The infrastructure is in place The formula works We know how to integrate acquisitions Focus on evolving into the future
Slide 31: First Citizens Banc Corp
First Citizens banc Corp Serving our communities for over 125 years
First Citizens Banc — Investor Presentation (September 2013) on 6ix