Investar Holding Corporation · NASDAQ:ISTR
Investar — Q2 2021 Earnings Presentation
18 slides from Investar's earnings presentation, Sep 3, 2021
Slide 1: Financial Information 2nd Quarter 2021
CSINVESTAR BRILLIANT BANKING NASDAQ: ISTR Financial Information 2"4 Quarter 2021
Slide 2: Disclosures and Disclaimers
Disclosures and Disclaimers (be “outlook” "Deleves,” ‘expects "potnal” “continues,” "may," “wil could “should seeks ‘proximately “preci, “inlends ‘pans “estmates,‘antcipates,” or the negative version of those rons, nancial resus, financial condo, ‘offi evens: the ongoing impacts of the COVID-19 pand
Slide 3: Our Company
Our Company Investar Holding Corp. is the Bank Holding Company for Investar Bank Headquartered in Baton Rouge, LA Mission Founded in 2006 Investar is a dynamic full service community bank focused on relationships that create value and opportunities for our customers, employees, Ea isok 2 Coney ated
Slide 4: Financial Highlights — 2nd Quarter 2021
Financial Highlights — 2"4 Quarter 2021 = 2nd Quarter Results . Balance Shoot én eevans the 1® quarter of2021 and $0.41 in the 2° quarter of 2020 — aT Ne Loans million in the 1* quarter of 2021 and $4.3 milion in the 2 quarter of 2020 Deposits: Equity Tangible Book Value? . Holding Company Capital p
Slide 5: Leadership Team
Leadership Team John J. D'Angelo, President & Chief Executive Officer Founding President and Chief Executive Officer Prior to founding Investar, Mr. D'Angelo was president and director of Aegis Lending Corporation, a mortgage lending company with operations in 46 states and the District of Columbia
Slide 6: Corporate Culture
Corporate Culture Integrity INVESTAR IS. Neighborly a dynamic full service Visionary community bank focused Empowerment on relationships that create Star Service value and opportunities for Team Focused our customers, employees, Accountable shareholders and the Responsive community served
Slide 7: Tangible Book Value Per Share
000 si800 = i hia 1502 a $1462 1400 sam som ms 16 "Non-GAAP financial measure: pleae see appe aditonal das $18.06 2017 S133 $1879 2019 $1999 202021
Slide 8: Recent Earnings Performance
Recent Earnings Performance Net Income ($00 Earnings Per Share (Diluted) $5608 so sas a5 ser 450 m0 a ol 039 nal cil wma wm manos aia ace maa was. mena maar aica ROAA (4) Net Interest Margin (%) ast 008 om on ial ell ast basal om ae el a8 mac mmes SCO ‘mata ace mam was maar at mace
Slide 9: Continued Execution of Acquisition Strategy
Continued Execution of Acquisition Strategy Investar Has Completed 7 Whole Bank Acquisitions and 1 Branch Transaction 2011 ou Business Bank (LA) 2013 First Community Bank (LA) 2017 BO4J Bancshares (LA) 2017 Citizens Bancshares (LA) | >] Total Assets: $2.7 Billion 2019 Bank of York (AL) 2021 Cheaha F
Slide 10: Loan Portfolio - 2nd Quarter Update
Loan Portfolio - 2"! Quarter Update = Loan yield of 4.7 = Total Paycheck Protection Program loans of $73.0 million = Excluding PPP loans, Oil & Gas loans made up less than 3.0% of the total loan portfolio as of the most recent quarter = Food Services, Hospitality and Entertainment loans represented
Slide 11: Loan Loss Reserve Detail
Loan Loss Reserve Detail ary ami8y ey amor annie For the Year Ended For the Qua 3112017 4213172019 Loan Loss Reserve ($000) {Loan Loss Reserve - Beginning $7,051 $7891 $9464 S190 s20423 Charge-ofs 8 Ad, 764 4185 200 1187 155 Recoveries 65 178 137 108 6 Provision 4540 2570 4908 2.400 14 Loan Loss Res
Slide 12: Asset Quality Trends
Asset Quality Trends Nonperforming Assets ($000s) NPAs | Assets (%) ne 08 a xd ne2 [| | os ow on a ma wml Emrich SD mma mm mL wart Net Charge-offs / Avg. Loans (%) Reserves / NPLs (%) mgs ‘a aii sa ase ow tt en non net amie oman amas zamae ana onan mmat
Slide 13: Deposit Transformation
Deposit Transformation Deposit Mix at June 30, 2020 Deposit Mix at June 30, 2021 Brod One Year — Deposit Composition - Quarterly Lookback 201903 201904 202001 202002 202003 202004202101 202102 Noninterestbearing Demand $291,089 $351,905 $339,379 $469,005 $452,070 $448,230 $515,487 $582,109 Interest-
Slide 14: Appendix
Slide 15: Non-GAAP Reconciliation
Non-GAAP Reconciliation [Dollars in thousands, except per share data) As of June 30, 2021 Tangible Common Equine Tota Stockholders Equity S 109360 $ 112757 $ 172729 $ 102262 -$ DANO76 $ 243204 «-§«—DsOTIS ‘Adusiments Goodtit (2584) (2684) 7.085) (17.424 (25,132) (2082) (@aszn Other Intangibles 9 (4.
Slide 16: Non-GAAP Reconciliation
Non-GAAP Reconciliation (Dollars in thousands) 121312019 3/31/2020 Forthe Three Months Ended enoz020 9790/2020 428172020 3731/2021 _6/30/2021 Netincome S$ 3331 $ 608 ~$ 4278 $ 4467 S$ 4540 § 5,360 $5688 Less: Provision Expense (736) (3,760) (2,500) (2,500) (2400) (400) (114) Less: Tax Expense (644)
Slide 17: Non-GAAP Reconciliation
Non-GAAP Reconciliation [Dollars in thousands) Forthe Three Months Ended pom 1208172018 enom2 907020 121912020 Interest on Deposits $6,198 $6319 $6082 $4,190 $3408 2780 $2302 sai Intros Boarng Deposits $1204318 $4385801 —$1,g89447 —Stenodas —$1.87979 SATASOd —$1.494303 $1678.57 Noninoret Bearing Dep
Slide 18: Slide 18