Slide 1: Special Note Concerning Forward-Looking Statements
Special Note Concerning Forward-Looking Statements This document may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, with respect to matters including, without limitation, the financial condition of First Busey Corporation (the “Company,
Slide 2: Contents
Contents 3 Company Overview 4 Transaction Overview 8 Financial Summary 12 Loan Portfolio 18 Liquidity and Capital 21 Appendix 24
Slide 3: Contents
Contents Company Overview Transaction Overview Financial Summary Loan Portfolio Liquidity and Capital Appendix
Slide 4: First Busey Corporation Profile
Provides the most comprehensive and innovative payment processing capabilities Solutions tailored for: online, mobile, walk-in, CSR, direct debit, lockbox, auto phone pay, VerID ~3,000 agent locations Provides premier wealth and asset management services for individuals and businesses. $5.4B AUC Ill
Slide 5: Investment Highlights
Strong asset quality and continued firm-wide commitment to upholding high standards of credit quality Sound enterprise risk management and corporate governance Periodic independent reviews of the loan portfolio by loan review and audit departments, and external 3rd parties NPL/Loans (excl. HFS) of 0
Slide 6: Summary Terms of Proposed Debt Offering
Summary Terms of Proposed Debt Offering First Busey Corporation (“BUSE”) The Company expects to use the proceeds of the offering to finance a portion of the consideration for the mergers (First Community and Mid Illlinois), to pay related fees and expenses and to redeem certain of First Community’s
Slide 7: First Community and Mid Illinois Overview of Transactions
4 First Community and Mid Illinois Overview of Transactions 8
Slide 8: Transaction rationale for South Side and First Community
In-market transaction; South Side has a 73% loan/deposit ratio and a complementary customer base and business mix South Side CEO expected to remain with First Busey post-closing Comprehensive due diligence completed; integration planning in process Busey has a long track record of successful integra
Slide 9: Transaction footnotes and terms summary
1 Includes consideration paid for restricted stock units, warrants, and other equity awards (using BUSE’s 5-day VWAP of $29.31 as of 2/3/17) 2 Based on determination of the price from the 5-day VWAP prior to signing and up/down 22.5% 3 Refer to the Definitive Merger Agreement filed as an 8-K on Febr
Slide 10: Transaction Terms & Details
Transaction Terms & Details Aggregate 1 Consideration Mix! Transaction Financing $235.8MM ‘Approximately 90% stock and 10% cash for FCFP common shares' '$24.6MM cash consideration to be funded from avail. cash and. cexstng borrowing capacity Illinois (South Sid $133.4MME ‘Approximately 70% stock and
Slide 11: Core Earnings Trend, Fee Revenue, and Expenses
Core Earnings Trend, Fee Revenue, and Expenses Core Earnings First Busey Corporation 13 $ in MMs $ $ $ Source: Company’s SEC filings 50.3 59.7 76.4 40.0 45.0 50.0 55.0 60.0 65.0 70.0 75.0 80.0 2014 2015 2016 First Busey 2016 2015 % Chg Net Interest Income $154.7 $111.8 38.3% Non-Interest Income 75.2
Slide 12: Net Interest Income / Margin
Net Interest Income / Margin Net Interest Income (NII) and Margin (NIM) 14 $ in MMs $ $ $ Source: Company’s SEC filings 101.6 111.8 154.7 3.15% 3.10% 3.42% 2.00% 2.20% 2.40% 2.60% 2.80% 3.00% 3.20% 3.40% 3.60% - 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 200.0 2014 2015 2016 BUSE NII BUSE NIM
Slide 13: Historical Growth
Historical Growth Total Assets ($ in Billions) Total Loans1 ($ in Billions) Total Deposits ($ in Billions) Total Equity ($ in Millions) 15 Source: Company’s SEC filings 1 Portfolio loans (excludes HFS), gross of allowance for loan losses $3.7 $4.0 $5.4 $0.0 $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 2014 2015 20
Slide 14: Strong Trends in Financial Performance
Strong Trends in Financial Performance ROAA ROACE NIM Efficiency Ratio 16 Source: Company’s SEC filings 65.1% 62.8% 61.8% 60.0% 61.0% 62.0% 63.0% 64.0% 65.0% 66.0% 2014 2015 2016 First Busey 3.2% 3.1% 3.4% 2.5% 2.7% 2.9% 3.1% 3.3% 3.5% 2014 2015 2016 First Busey 0.9% 1.0% 1.0% 0.9% 0.9% 0.9% 0.9% 1.
Slide 15: Investment Portfolio
Investment Portfolio Security Type & Maturity 2 Maturity Breakdown 2 17 Source: Company’s SEC filings 1 Investment portfolio compositions based on fair value balances 2 Maturity breakout excludes mutual funds and other equity securities First Busey 12/31/16 1 The primary purposes of the investment p
Slide 16: Investment Portfolio
Investment Portfolio ‘+ The primary purposes of the investment porto Include providing @ source of iquidly, providing collateral for pledging purposes against public monies and repurchase agreements, serving asa too for interest rate nsk posttoning and providing a source of eamings by deploying fund
Slide 17: Well diversified loan portfolio
Well diversified loan portfolio; First Busey, First Community and Mid Illinois Loan Portfolio First Busey – 12/31/2016 First Community – 12/31/2016 Mid Illinois* - 12/31/2016 19 Source: Company’s SEC filings *Mid Illinois financials are at the bank level, South Side Bank Construction & Land 4.8% Res
Slide 18: Asset Quality by Asset Type – First Busey
Total = $21,423 (‘000s) Asset Quality by Asset Type – First Busey 90 Days Delinquent Loans Breakdown Non-Accrual Loans Breakdown 20 Total = $131 (‘000s) Source: Company’s SEC filings, as of December 31, 2016 1 Excludes accretable purchase accounting adjustments, non-posted, and clearings Commercial
Slide 19: Asset Quality by Asset Type – First Busey
Asset Quality by Asset Type — First Busey Reta Other 02% Retail Real Estate Real Estate 20.9% Construction 02% Reta Real state Brod Total = $131 (‘000s) Total = $21,423 (‘000s) : P. Watch Special Substandard Doubtful Total Loan Type" ($MM) ass ate ppeclal Substandar: Fl otal ‘Commercial $826.2 $703
Slide 20: Deposit Composition
22 Deposit Composition * Mid Illinois financials are at the bank level, South Side Bank 1 Core deposits include transactional, MMDA, and time deposits <100k First Busey Sound deposit franchise with core deposits1 that represent approximately 92% of total deposits at December 31, 2016 Low cost of dep
Slide 21: Strong Capital Management
Strong Capital Management Tier 1 Risk Based Ratio Total Risked Based Ratio 23 Tier 1 Leverage Ratio TCE/TA Ratio1 CET1 Ratio 1 Refer to slide 26, for non-GAAP reconciliation of Tangible Common Equity and Tangible Assets 18.7% 14.6% 14.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% 22.0% 24.0% 2014 2015 2016
Slide 22: Strong Capital
Strong Capital —— {~— cit ~— | Refer to slide 26, for non-GAAP reconciliation of Tangible Common Equity and Tangible Assets 23
Slide 23: Leadership Biographies
Leadership Biographies Senior Management 25 Van A. Dukeman, became President and Chief Executive Officer of First Busey Corp. in August 2007, when Main Street Trust merged with First Busey. Mr. Dukeman had been Main Street Trust’s Chief Executive Officer (and its predecessor company BankIllinois Fin
Slide 24: Selected Consolidated Financial Info and Non-GAAP Financials
Selected Consolidated Financial Info and Non-GAAP Financials 26 The following selected financial data, adjusted to reflect the Reverse Stock Split, as of year-end and for each of the three years in the period ended December 31, 2016, have been derived from First Busey’s audited Consolidated Financia
Slide 25: Selected Consolidated Financial Info and Non-GAAP Financials
Selected Consolidated Financial Info and Non-GAAP Financials The following selected financial data, adjusted to reflect the Reverse Stock Spit, as of year-end and for each of the three years in the period ended December 31, 2016, have been derived from First Busey’s audited Consolidated Financial St