Valley National Bancorp · NASDAQ:VLY
Valley National Bancorp — JP Morgan Chase Investor Dinner (December 2008)
21 slides from Valley National Bancorp's conference presentation, Dec 10, 2008
Slide 1: JP Morgan Chase Investor Dinner December 10, 2008
JP Morgan Chase Investor Dinner December 10, 2008 Exhibit 99.1
Slide 2: Forward-looking statements
This presentation contains forward looking statements concerning Valley’s future business outlook, financial condition and operating results. Generally, the words "will," "may," "should," "continue," "believes," "expects," "anticipates" or similar expressions identify forward looking statements. Rea
Slide 3: Overview of Valley National Bancorp
Overview of Valley National Bancorp 81 Years - Commercial Bank Management Longevity/Ownership Office of the Chairman – total of 146 years, 24.3 years on average Big Bank – Act Like Small Privately Owned Company Marketplace Sound Asset Quality Strong Financial Performance Consistent Shareholder Retur
Slide 4: Valley's 3Q 2008 Highlights
Valley’s 3Q 2008 Highlights Greater Community Bank Acquisition Overview Commercial bank with nearly $1.0 billion in total assets and 16 branches Well-run financial institution - credit quality, loan underwriting standards and no exposure to sub-prime Added over 450 new commercial customer relationsh
Slide 5: Valley's Current Objectives
Valley’s Current Objectives Maintain a quality balance sheet Manage balance sheet, not be managed by balance sheet growth Continue to produce strong operating results Minimize earnings volatility
Slide 6: Credit Culture at Valley
Credit Culture at Valley Macro Focus Focus on quality over profitability Few underwriting policy exceptions Centralized underwriting and loan approval Minimal individual lender authority Micro Focus Strong borrower moral character Borrower experience in similar type projects Low loan to value ratios
Slide 7: Loan Quality 2003-9/30/2008
Loan Quality 2003- 9/30/2008 0.36% 0.11% 0.44% 0.11% 0.32% 0.05% 0.33% 0.12% 0.36% 0.14% 0.30% 0.19% 0.00% 0.50% 1.00% 1.50% 2.00% 9/30/2008 Non-Performing Loans to Total Loans Net Charge-offs to Average Loans annualized
Slide 8: Net Charge-offs to Average Loans (%)
e Net Charge-offs to Average Loans (%) s " “ © oot ~ WP QP OM 90? 20% ,of5t 08% 087 ,08 00 jo" p00 peO™ 007 00% pos 20S Bette Valley National Bancorp oO = =
Slide 9: Net Charge-offs to Average Loans, Valley vs Peer Group
Net Charge-offs to Average Loans * 2003 – 2008 YTD** (Average) *Source - SNL Financial ** Valley as of 9/30/08 and Peer Group as of 6/30/08 0.12% 0.26% 0.37% 1.07% 0.00% 0.15% 0.00% 0.26% 0.22% 0.43% 0.00% 0.13% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% Total Loans Consumer Home Equity Construction & Deve
Slide 10: 30 Day + Delinquency Trend
0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% Residential Mortgages Home Equity Commercial Mortgages Commercial Loans* 30 Day + Delinquency Trend * Excludes SBA Loans
Slide 11: Residential Mtg. Customer Profile
Residential Mtg. Customer Profile Current FICO Score 44% Current Mark to Market Loan to Value 59% Original Loan to Value Residential Customer Valley customer profile reflects a portfolio review conducted by an independent party in September of Valley’s Fannie Mae eligible conforming loans. Reflects
Slide 12: Net Charge-offs to Average Loans (%)
Net Charge-offs to Average Loans (%)
Slide 13: Net Charge-offs to Average Loans (%)
Net Charge-offs to Average Loans (%) Yo 2 06 ot % oF of Ak yd he 99 no aot ‘J WP oP ieW® AaAE oot oA oH? pO? na0" 06 p00? 0" p00" go Sirhan Valley National Bancorp @ — =
Slide 14: Commercial Real Estate Primary Property Type Composition
21% 20% 11% 11% 9% 10% 12% 6% Total Commercial Real Estate - $3,486MM 11% Office 9% Residential 12% Miscellaneous 11% Mixed Use 6% Healthcare 20% Industrial 10% Apartments 21% Retail % of Total Property Type $ Amount (Millions) Primary Property Type % of Total Property Type $ Amount (Millions) Prima
Slide 15: Commercial Real Estate Primary Property Type Loan to Value
52% 52% 58% 48% 53% 44% 57% 45% 50% 60% 0% 20% 40% 60% 80% 100% Commercial Real Estate Primary Property Type Loan to Value * LTV ratios do not include construction or owner occupied commercial real estate loans. As of 9/30/08 60% Land Loans 53% Residential 50% Miscellaneous 48% Mixed Use 45% Special
Slide 16: Commercial Real Estate Retail Property Type Composition
23% 22% 20% 9% 12% 6% 4% 4% Total Retail Property Types - $738MM Commercial Real Estate Retail Property Type Composition % of Retail Property Type Retail Property Type % of Retail Property Type Retail Property Type Auto Dealership Single Tenant Retail Multi-Tenanted Retail – No Anchor Multi-Tenanted
Slide 17: Total Commercial Real Estate by Location
73% 21% 6% Total Commercial Real Estate - $3,486MM Total Commercial Real Estate by Location $193MM Other States $737MM New York $2,556MM New Jersey Commercial Real Estate State * Total CRE loan balance is based on Valley’s internal loan hierarchy structure and does not reflect Call Report reclassifi
Slide 18: Valley's New Jersey and Rockland County Locations
Valley’s New Jersey and Rockland County Locations Current Valley branches Branches under construction Branches under Construction Milltown, Middlesex County North Brunswick, Middlesex County Freehold, Monmouth County Montebello, Rockland County
Slide 19: Valley's New York City Locations
Valley’s New York City Locations Current Valley branches Branches under construction Branches under Construction 4501 13 Avenue, Brooklyn 2054 86 Street, Brooklyn 207 Brighton Beach Avenue, Brooklyn 2902 Avenue U, Brooklyn 111 4 Avenue, Manhattan 107 Liberty Avenue, Queens 69-20 80 Street, Queens 61
Slide 20: Slide 20
Slide 21: For More Information
For More Information Log onto our web site: www.valleynationalbank.com Visit our kids site: www.vnbkids.com E-mail requests to: dgrenz@valleynationalbank.com Call Shareholder Relations at: (973) 305-3380 Write to: Valley National Bank 1455 Valley Road Wayne, New Jersey 07470 Attn: Dianne M. Grenz, F
Valley National Bancorp — JP Morgan Chase Investor Dinner (December 2008) on 6ix