First Community Bankshares, Inc. · NASDAQ:FCBC
First Community Bankshares — First Community Bancshares — Merger or Acquisition (June 2012)
7 slides from First Community Bankshares's merger presentation, Jun 11, 2012
Slide 1: First Community Bancshares Investor Presentation, June 2012
NASDAQ: FCBC June 2012 www.fcbinc.com
Slide 2: Forward-looking statements
This presentation may include forward - looking statements. These forward - looking statements include, but are not limited to, statements about (i) the benefits of merger and acquisition activity involving First Community Bancshares, Inc. and subsidiaries (the “Company”), including future financial
Slide 3: Transaction Overview
Transaction Overview 3 Structure: • FCBC has purchased and assumed certain assets and liabilities from the FDIC as receiver of Waccamaw Bank, Whiteville, NC Assets: • Purchased approximately $513 million in total assets, including $330 million in loans – All residential and commercial loans and OREO
Slide 4: Pro Forma Franchise: Deposits per State and Population Change
2.46% 5.47% 3.09% 0.00% 1.50% 3.00% 4.50% 6.00% FCBC Waccamaw Bank Pro Forma Pro Forma Franchise West Virginia $885 North Carolina $738 Virginia $601 South Carolina $62 Tennessee $59 West Virginia $885 Virginia $601 North Carolina $309 Tennessee $59 Pro Forma Franchise Standalone: 4 First Community
Slide 5: Deposit Market Share
County WB Branches WB Deposits in Market ($000) Market Rank Deposit Market Share (%) Total Deposits in Market ($000) Horry, SC 3 43,649 18 0.8 5,432,128 Bladen, NC 1 27,305 4 11.7 233,729 New Hanover, NC 1 22,658 17 0.6 3,859,990 Lancaster, SC 1 18,694 5 4.1 458,956 Deposit Market Share • Establishe
Slide 6: FDIC Target Comparison: Loans & Deposits
• Strong loan and deposit mix relative to other FDIC targets Source: SNL Financial; yields and costs are on a last - twelve - months basis Note: Analysis includes targets in acquisitions announced since December 31, 2008 6 FDIC Target Comparison: Loans & Deposits Loan Portfolio Deposit Portfolio Wac
Slide 7: Strategically & Financially Compelling
Strategically & Financially Compelling 7 • Consistent with our acquisition strategy – Extends footprint to a target growth market – Significantly accretive to core earnings per share – Deploys excess capital – No raise necessary – Minimal tangible book value dilution – Earnback dilution in approxima
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