Carver Bancorp Inc. · OTC:CARV
Carver Bancorp — Shareholder Meeting (March 2018)
17 slides from Carver Bancorp's shareholder meeting presentation, Mar 6, 2018
Slide 1: February 28, 2018 Annual Meeting of Shareholders
February 28, 2018 Annual Meeting of Shareholders
Slide 2: Executive Summary
Executive Summary President and CEO Michael Pugh¡¦s Key Message Points: „X Fiscal Year 2017 was a year in transition „X BDO USA appointed as new independent external auditor „X Carver reduced regular operating and non-recurring expenses „X Carver significantly improved its regulatory infrastructure
Slide 3: Forward Looking Statements
Forward Looking Statements Certain statements contained in this presentation are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements which may be identified by the use of
Slide 4: Performance: Key Operating Metrics 2013 - 2017
Performance: Key Operating Metrics 2013 - 2017* Net Income ($ in thousands) Return on Average Assets 3.14% 3.41% 3.05% 3.17% 3.11% 2013 2014 2015 2016 2017 112.93% 106.27% 117.29% 100.51% 110.47% 2013 2014 2015 2016 2017 0.10% (0.22)% (0.18)% (0.25)% (0.41)% $590 $(1,324) $(1,152) $(1,767) $(2,853)
Slide 5: Maintaining a Strong Balance Sheet
$638 $639 $675 $739 $688 $496 $509 $528 $607 $579 $359 $383 $479 $583 $540 2013 2014 2015 2016 2017 Total Assets Total Deposits Net Loans Maintaining a Strong Balance Sheet* ($ in millions) Note: 2013, 2014, 2015, & 2016 balances have been restated from previously reported results. *Carver Bank’s Fi
Slide 6: Carver Bank Maintains Strong Regulatory Capital
9.83% 10.32% 10.35% 8.60% 8.98% 2013 2014 2015 2016 2017 Carver Bank Maintains Strong Regulatory Capital As We Refine Our Operational Infrastructure 5 Tier 1 Leverage Ratio Regulatory Capital: as of 12/31/17 the bank’s capital ratio is 9.17% Note: 2013, 2014, 2015, & 2016 balances have been restated
Slide 7: Credit Quality For The Bank Remains Strong
Credit Quality For The Bank Remains Strong* Note: 2013, 2014, 2015, & 2016 balances have been restated from previously reported results. *Carver Bank’s Fiscal Year begins April 1 and ends March 31. Non-performing loans to total loans (NPL) 6
Slide 8: Continued Strength in our Asset Quality
Continued Strength in our Asset Quality* Non-performing assets to total assets (NPA) Note: 2013, 2014, 2015, & 2016 balances have been restated from previously reported results. *Carver Bank’s Fiscal Year begins April 1 and ends March 31. $739,054
Slide 9: Carver Bank
ARVER BANK
Slide 10: Building Wealth Block by Block
Building Wealth Block by Block originated in fiscal year 2017 were within the assessment area which includes New York City Boroughs. 100% of Carver’s loans made to small businesses with an average loan amount of $548 thousand. 44% of loans were went to low- and moderate-income communities. 60% of ne
Slide 11: Carver's Lending Impact by Borough
Carver’s Lending Impact by Borough of Carver’s loans are focused in the New York City boroughs of Manhattan, Brooklyn, Queens, and the Bronx. 62% Borough No. of Loans Aggregate Loan Amount ($MM) Percentage of Loan Portfolio Brooklyn 281 $161 30% Manhattan 145 $103 19% Queens 80 $44 8% Bronx 38 $28 5
Slide 12: Our Customers, Our Community
Our Customers, Our Community Lower Eastside Service Center, Inc. (“LESC”). Valerie C. Waters, President and CEO LESC, a Community based behavioral health non-profit organization, provides a wide array of services for New Yorkers impacted by substance abuse, HIV, mental health issues and homelessness
Slide 13: Carver Community Development Corporation (CCDC) FY2017 Highlights
Carver Community Development Corporation (“CCDC”) FY2017 Highlights: •Awarded the maximum grant of $227M for the Bank Enterprise Award through The US Treasury Department supporting our mission to serve urban communities and support financial literacy •Conducted 942 Money Smart financial education wo
Slide 14: Customer Access and Convenience Remain a Priority
Customer Access and Convenience Remain a Priority Nine Full Service Branches, Three ATMs and 55,000 ATM Network UPPER MANHATTAN BROOKLYN QUEENS •Atlantic Terminal Branch •Bedford -Stuyvesant Restoration Plaza •Crown Heights •Flatbush •Atlantic Terminal Shopping Mall •Atlantic Center Shopping Mall •F
Slide 15: Customer Access and Convenience Remain a Priority
Customer Access and Convenience Remain a Priority 55,000 Surcharge-Free ATMs Worldwide United States Canada United Kingdom Puerto Rico Australia •Costco •CVS •ExxonMobil •Rite Aid •Target •Walgreens •7-Eleven •McDonald’s •Duane Reade Allpoint provides customers with the freedom to get cash wherever
Slide 16: Our New Crown Heights Branch
We are proud to announce our newly remodeled state-of-the-art branch located in Crown Heights - serving our customers and community for more than 40 years. Our New Crown Heights Branch 15
Slide 17: Path to Sustained Performance – FY2018
Path to Sustained Performance – FY2018 Strengthening our earnings Regulatory excellence Building our infrastructure Enhancing our ability to acquire customers by implementing new applications, products, and services for customers seeking technology solutions. Strengthening our operational foundation