CNB Community Bancorp Inc · OTC:CNBB
CNB Community Bancorp — Community Bancorp — Investor Presentation (November 2005)
25 slides from CNB Community Bancorp's investor presentation, Nov 1, 2005
Slide 1: Investor Presentation
INVESTOR PRESENTATION Exhibit 99.1
Slide 2: Forward Looking Information
Certain statements contained in this presentation, including, without limitation, statements containing the words “believes”, “ anticipates”, “intends”, and “expects”, and words of similar import, constitute “forward- looking statements” within the meaning of Section 27A of the Securities Act of 193
Slide 3: Key Investment Considerations
• One of the largest community banks headquartered in the high growth market of Las Vegas • Consistent, high performing institution – Five year CAGR of assets and net income of 26% and 15% respectively – Five year average ROE and ROA of 17.3% and 1.23% respectively – Third quarter 2005 ROE and ROA o
Slide 4: Stock Summary
Issuer: Community Bancorp NASDAQ Symbol: CBON Shares Outstanding (9/30/05): 7,363,362 Trading Range Since IPO: $23.00 - $34.75 per Share Market Capitalization Range: $155 Million to $256 Million Use of Proceeds: Expansion in the Greater Las Vegas Area, potential acquisitions and general corporate pu
Slide 5: Company Overview
Company Overview • Community Bancorp is the bank holding company for Community Bank of Nevada serving the Greater Las Vegas market with nine branches • Community Bank of Nevada, founded in 1995, is one of the largest community banks headquartered in the greater Las Vegas area • Profitable every year
Slide 6: Branch Locations & Market Area
Branch Locations & Market Area • Nine full service offices located throughout the Greater Las Vegas Area • One of the largest community banks in the Greater Las Vegas Area • Between 1990 and 2000 Clark County’s population grew by 6.4% per year compared to the national average of 1.2%* • By 2004 Clar
Slide 7: Deposit Market Share
Deposit Market Share Source: SNL Securities at 6/30/04 (includes Bank of Commerce deposits) One of the largest community banks based in Las Vegas 7
Slide 8: Growth Strategies
• To continue strong, focused organic growth in assets, loans and deposits • To capitalize on growth opportunities in Las Vegas and other rapidly expanding markets – Acquire other community banks in strategic or contiguous markets – Planning the 10 th branch for the spring of 2006 and plans to open
Slide 9: Growth Strategies - Continued
Growth Strategies - Continued SBA Financed Property • To continue to increase the number and size of banking relationships through superior cross-selling techniques. And expand on the vast number of relationships that our bankers have developed from many years in the market. • To expand the commerci
Slide 10: Operating Strategies
Operating Strategies Commercial Real Estate Funded Property • Be an industry leader of internal controls and risk management – Proactively manage sound procedures – Commit experienced human resources to this effort. In Q305 an experienced former bank regulator joined the management team to oversee t
Slide 11: Experienced Management Team
Experienced Management Team * Community Bank of Nevada was founded in 1995 Management Position Edward M. Jamison Lawrence K. Scott Cathy Robinson Don F. Bigger Cassandra Eisinger Bruce Ford Tom McGrath Rich Robinson Founder and Chief Executive Officer EVP and Chief Operating Officer EVP and Chief Fi
Slide 12: Financial Performance
FINANCIAL PERFORMANCE 12
Slide 13: Deposit Growth
Deposit Growth ($000) 13 Organic Growth Acquisition Growth $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 2001 2002 2003 2004 Q3 05
Slide 14: Improving Deposit Mix
Improving Deposit Mix 2001 2005 14 Interest Bearing Demand 3% Money Market 29% Savings 1% Time Certificates 48% Non-interest Bearing Demand 19% Non-interest Bearing Demand 26% Interest Bearing Demand 4% Money Market 45% Savings 1% Time Certificates 24% Average balances for the year ended December 31
Slide 15: Loan Growth
Loan Growth ($000) 15 Organic Growth Acquisition Growth $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 2001 2002 2003 2004 Q3 05 CAGR = 20% $247,182 $293,535 $350,082 $638,785 $403,270 $534,711
Slide 16: Loan Portfolio Matches the Marketplace
Loan Portfolio Matches the Marketplace 2001 2005* Estate 40% Construction 28% Commercial 22% Consumer & Other 2% Residential Real Estate 8% Construction 46% Commercial Real Estate 29% Commercial 20% Residential Real Estate 4% Consumer & Other 1% *Loan portfolio for the nine months ended September 30
Slide 17: Strong Trends in Key Metrics: Asset Growth and Credit Quality
Strong Trends in Key Metrics Improving Credit Quality NPAs to Loans & OREO Strong Asset Growth ($000) 17 $- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 2001 2002 2003 2004 3Q 05 $304,058 $400,571 $463,431 $842,578 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 2
Slide 18: Strong Trends in Key Metrics: Net Income and ROAE
Strong Trends in Key Metrics ($000) Gains In Net Income Consistently Profitable ROAE 18 $- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 2001 2002 2003 2004 3Q05 $3,157 $4,725 $5,215 $5,421 $7,088 0.0% 5.0% 10.0% 15.0% 20.0% 2001 2002 2003 2004 3Q05 14.9% 19.1% 17.8% 15.1% 11.4%
Slide 19: Allowance for Loan Losses / Balance Sheet Ratios
Allowance for Loan Losses Dep osits ‘alance Sheet Ratios [Equity to Assets iLeverage Ratio jer 1 Risk-Based Capital Ratio otal Risk-Based Capital Ratio Allowance for Loan Losses to Loans 2001 2002 $304,058 §.400,571 247,182 293,535 3,700 4,688 277,422 351,584 22,336 27,212 6.79% 8.84% 11.03% 14.14%
Slide 20: Income Statement
Income Statement 2001 2002 2003 2004 3Q05 Interest and Dividend Income $ 24,119 § 25,449 $§ 30,038 Interest Expense 10,737 8,709 6,862 Net interest income 13,382 16,740 23,176 Provision for loan Losses 1,909 1,958 922 Net interest income after provision for loan losses 11473 14,782 22,254 Non-intere
Slide 21: Asset Quality
Asset Quality (1) Non-performing loans are defined as loans that are past due 90 days or more plus loans placed in non-accrual status and restructured loans. (2) Non-performing assets are defined as loans that are past due 90 days or more, non-accrual loans plus other real estate owned . 21
Slide 22: EPS - Diluted
EPS - Diluted 22 $- $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 2001 2002 2003 2004 3Q05 CAGR = 18.9% $0.68 $1.01 $1.10 $1.10 $1.02
Slide 23: Summary
Summary • Strong balance sheet growth • Consistent profitability • High quality credit • Strong asset sensitive balance sheet 23
Slide 24: Investment Thesis
Investment Thesis • One of the largest community banks headquartered in the high growth market of Las Vegas • Excellent expansion opportunities in both Las Vegas and other high growth markets • Consistent, high performance institution – Five year CAGR of assets and net income of 26% and 15% respecti
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