Fentura Financial — Shareholder Meeting (April 2008)
17 slides from Fentura Financial's shareholder meeting presentation, Apr 22, 2008
Slide 1: Fentura Financial, Inc. Annual Shareholder Meeting April 22, 2008
Fentura Financial, Inc. Annual Shareholder Meeting April 22, 2008
Slide 2: Donald L. Grill, President & CEO
Donald L. Grill President & CEO Fentura Financial, Inc.
Slide 3: 2007: What Happened? What Are We Doing About It? What About Our Future?
2007 What Happened? What Are We Doing About It? What About Our Future?
Slide 4: Fentura Financial, Inc. Net Income 2002-2007
Fentura Financial, Inc. Net Income 2002 2003 2004 2005 2006 2007 Net Income 3466 3788 4034 5054 5308 -467
Slide 5: Fed forecast: gloomy economy ahead
Fed forecast: gloomy economy ahead
Slide 6: Riverside
RIVERSIDE: OF HOLY
Slide 7: Other Loans Const/LD/Other
Other Loans Const/LD/Other 453434 78927
Slide 8: Living large in Livingston County: Developers pitch big shopping mall
Living large in Livingston County Jj] Developers pitch NET big shopping mall Plan would shake up retail landscape
Slide 9: Community Banking
Community Banking "Loan decisions are made by bankers who live and work in the community and loans are funded with deposits gathered in that same market."
Slide 10: New low hit for pending homes
REAL-ESTATE. «=D fore New low hit for pending homes SCHWEITZER + REALESTATE
Slide 11: Dear Fentura Shareholders
( | = Fentura Financial Inc. —— Dear Fentura Shareholders, As we informed you earlier in the quarter, we took decisive action during the quarter to address credit deterioration problems by adding $5,144,000 to the reserve for loan losses during the quarter. This action resulted in a loss for the qua
Slide 12: Steps Taken
Steps Taken Identify All High Risk Loans Assign to Specialized Lenders Investigate, Evaluate and Develop Specific Strategies
Slide 13: Construction & Land Development Loans
01/01/07 03/31/08 Net Income 78900 59700 Fentura Financial, Inc. Construction & Land Development Loans
Slide 14: Other Lending Actions
Other Lending Actions Tighter Loan Underwriting Criteria "Lessons Learned" Revised Policies and Procedures
Slide 15: Expense Reduction Initiatives
Expense Reduction Initiatives 50% Reduction in Director Fees Management Performance Incentives Relinquished Staff Reorganization Modified Hours Branch Consolidation
Slide 16: The Current Situation
The Current Situation The Michigan Recession Continues 1st Quarter Results Disappointing Stock Price Impacted Dividend Impacted
Slide 17: Banking Industry Options
Banking Industry Options Acquisitions Merger of Equals Sale of Problem Loans Sale of Branches Holding Company Sale of Selected Banks