First Us Bancshares, Inc. · NASDAQ:FUSB
First Us Bancshares — Investor Presentation (September 2019)
30 slides from First Us Bancshares's investor presentation, Sep 3, 2019
Slide 1: Investor Presentation
FIRST US| BANCSHARES, INC. Investor Presentation As of June 30, 2019
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation of Fist US Bancshares, Ine. (“FUSB") contains forward-looking statements, as defined by federal securities laws. Statements contained in this presentation that are not historical facts are forwardooking statements, These statements may address isues thot
Slide 3: Presentation Disclosure
Presentation Disclosure ‘Thispresentation has been prepared by FUSB solely for informational purposes based on its own information, as well as information from public sources. This presentation has been prepared to assist interested partiesin making their own evaluation of FUSB and does not purport
Slide 4: Contents
Contents Corporate Profile... Strategic FOCUS.......... ® Strategic Achievements... 1S = Appendix A: Historical Information............. +20 = Appendix B: Non-GAAP Reconciliation..... 28 FIRST US BANCSHARES, INC.
Slide 5: Corporate Profile
FIRST US BANCSHARES, INC. Corporate Profile = Company Founded 1952 = Tangible BV: $11.84 per share 1") "Headquarters: Birmingham, AL = Exchange: NASDAQ: FUSB = Fist US Bank: 20 Branches / 2 LPOs * Stock Price $9.24 "= Acceptance Loan Co: 21 Branches * Price to TBV: 78.0% (0 = Total Assets $777 milli
Slide 6: Corporate Profile: An Experienced Management Team
Corporate Profile An Experienced Management Team James F. House, Presid fee ore arden, Jr. C FIRST US BANCSHARES, INC.
Slide 7: First US Bank — Branch and LPO Location Map
First US Bank — Branch and LPO Location Map = =a = “ne 5 aul = pen — sem tem AN |ze—usentone Prmliy weer aoe pesca
Slide 8: Acceptance Loan Company - Branch Location Map
Acceptance Loan Company - Branch Location Map Nnetinesuigence| te Rock * Monroe ke Baton fou catimcoge Hunt ene tanta emingham ® Twsealpora C ° Macon chee Warner Robins Montgomery ie Albony 9 bana ° vast © Pensa Talohassee
Slide 9: Focus
Strategic Focus Q Increase Shareholder Value Q Protect our Core Values: Ethical Conduct, Responsiveness, Professionalism, Stewardship Q Improve Customer Satisfaction O Take Advantage of Strong Positioning for Growth Organically or through Acquisition Q Enhance Digital Bank Offerings FIRST US BANCSHA
Slide 10: Focus — A Favorable Geographic Footprint
Strategic Focus — A Favorable Geographic Footprint Potential Markets for Growth * Alabama: = abun = Dothan > Huntsvite = Montgomery * Florida: = Destin = Pename City = Pensacola * Georgia: = Atnens = Aonto = Augusto = Columbus = Macon * Mississippi = Hattiesburg = Jackson = Merician * South Carolina
Slide 11: Focus: Benefits of our Acquisition Strategy
Strategic Focus Benefits of our Acquisition Strategy * Acquisition of The Peoples Bank - Closed on August 31, 2018 = $155 milion in earning assets and $140 milfon in deposits ~ Abranchesin Tennessee and southwest Virginia — Provides foothold in the vibrant Knoxvile, TN market = Access to low-cost de
Slide 12: Focus: Selected Balance Sheet Information
Strategic Focus Selected Balance Sheet Information Quarterly Comparison (dollars in thousands) Loans, Net of Allowance for Loan and Lease Losses eo | — F Total Liabilities and Shareholders’ Equity [s 136,649 § 511,515 $ 1.258 $ TITAN § 682,806 $ 83,748 $ TITAN § 148,025$ 153,949 $ 159,496 $ 165,740)
Slide 13: Focus: Income Statements
Strategic Focus Income Statements Quarterly Comparison (dollars in thousands, except per share data) jarter Ended) Totalinterest income Netinferest income Provision for Loan and Lease Losses Net Interest income Affer Provision for Loan and Lease Losses falNon-Interest Income retalNon interest Expens
Slide 14: Focus: Selected Financial Data
Strategic Focus Selected Financial Data i$, Diluted Net Income per Share Return on Average Assets (annuaize Refurn on Average Tangible ‘Common Equity (annuaized) Efficiency Ratio Loans to Deposits Ratio Tangible Book Value per ‘Common Share " | Ky 80.8% 749% 11.84 § varler Ended 5% 11.48 $ 0.22$ 0.0
Slide 15: Achievements
Strategic Achievements & successiulacquisition and integration of The Peoples Bank & vscse-up of the Bank's Pump House Plaza office complexin Birmingham & continued growth in existing metropolitan markets & morgage Division growth & continued deployment of enhanced technology FIRST US BANCSHARES, IN
Slide 16: Achievements: Successful Organic Expansion in Birmingham
Strategic Achievements Successful Organic Expansion in Birmingham = Loan Production Office Opened April 2016 + Constructed “Pump House Plaza” office complex -d corporate headquartersin @3 2017 1,200 square foot branch = Loan growth: $78.8 million in Birmingham since 2016 = Deposit growth: $56.2 mill
Slide 17: Achievements: New Loan Production Offices in Mobile and Chattanooga
Strategic Achievements Established New Loan Production Offices in Mobile, AL and Chattanooga, TN Area = Mobile, Alabama ~Opened Apri 2019 Mobile banking veteran with 20 years of experience tappedto lead -Wil augment commercial lending effor'sin Southwest Alabama ~95 miles from Thomasvile, AL “Second
Slide 18: Achievements: Established Mortgage Division in 2017
Strategic Achievements Established Mortgage Division in 2017 Key entry point in new markets Secondary market fees earned — $289,000 through 6/30/2019 = $507,000 in 2018 = $211,000 in 2017 5 mortgage lenders as of 6/30/19 = 2in Birmingham, | in Knoxville, 1 in West Alabama, | in Southwest Alabama Rel
Slide 19: Achievements: Modernized Technology While Maintaining Cost Discipline
Strategic Achievements Modernized Technology While Maintaining Cost Discipline Cost neutralpositioning maintained while redeploying dollars to rebuid infrastructure ‘and expand product offerings Increased expense in 2018 due fo addition of The Peoples Bank ALC adds substanticlexpense, butwith the be
Slide 20: Appendix A - Committed to Sound Credit Policies
Appendix A - Historical Information Committed to Sound Credit Policies Total Classified Assets + $78millon reduction in 0000 Classified assets since 2011 $80,000 + Nonperforming assets ei reduced from peak of $47 $60,000 milion 10 $2.7 milion as of $50,000 ts 6/30/19 * Nonpertorming assets as a % of
Slide 21: Appendix A - Building a Diversified Loan Portfolio
Appendix A = Historical Information Building a Diversified Loan Portfolio “First US Bank ~ Growth driven by expansion into larger Loan Volume metropolitan markets, 0000 including the TPB merger . = Maintaining adherence to ‘$500,000 = credit standards = Annuaized average yield $400,000 — YTD 6/30/20
Slide 22: Appendix A - First US Bank Diversified Portfolio
Appendix A - Historical Information First US Bank — Building a Diversified Portfolio + C8land Real Estate enhance diversification can? ‘ $400000 7 * Competences So = $300,000 + FocusonC8lloanswithstong ‘$280,000 cash flows 2 $200,000 8 $150,000 « Limited real estate development 2 $100,000 loans (pri
Slide 23: Appendix A - ALC Enhancing Diversification
Appendix A - Historical Information ALC - Enhancing Diversification with Focus on Indirect Sales 120000 7 * IndiectSales -Nationaland ——$figoo0 Regional retciers (includes $100,000 RVs/campers, marine, horse trailers, cargo traiers, limited ATVs) = Branch Retai - Local retailers managed through bran
Slide 24: Appendix A - Share Price vs. Tangible Book Value
Appendix A - Historical Information Share Price vs. Tangible Book Value (78% as of 6/30/2019)!"! $1400 $1200 sio0 1107401146 1280 12al $8.00 $4.00 548536 $4.00 $2.00 $ -=-first US Bancshares Stock Price *-Tangible Book Valve 184 9.24 FIRST US| BANCSHARES, INC.
Slide 25: Appendix A - Selected Balance Sheet Information
Appendix A = Historical Information Selected Balance Sheet Information Annual Comparison (dollars in thousands) Investment Securities | 136,649.$ 153.949 $ — 180,150$ 207.814 $ 231,202 $ aa 4 Loans, Net of Allowance for Loan and |* SI1515$ 514867 $ 346,121 § 322.772 $ 255.432 $ 259,51 Lease Losses |
Slide 26: Appendix A - Income Statements
Appendix A — Historical Information Income Statements Annual Comparison (dollars in thousands, except per share data) ofolnterest Income $71 $0 § NSS $B Total Interest Expense 42350 2708 2a 209 Net Interest Income $ 32,788 $ 28,394 $ 27,884 $ 27,608 $ Provion for Loan an Lease 2622 1.382 3197 216 Ce
Slide 27: Appendix A - Capital Ratios
Appendix A — Historical Information Capital Ratios Re-leveraged through The Peoples Bank acquisition Common Equity | Risk-based Capital Tier 1 Tier 1 Capital Leverage December31, 2016 19.01% 20.26% 12.27% December31, 2017 18.41% 19.60% 11.89% December31, 2018 12.62% 13.53% 8.96% June 30, 2019 12.86%
Slide 28: Appendix B - Non-GAAP Reconciliation
Appendix B Non-GAAP Reconciliation (dollars and shares in thousands, except per share data) AlAs | ei Goal | Ta asta | [apERCE ols : SEE | 3 cre s Gol | 788 caeeeay w]e mms oa E 4 i | 2 =| ae Sa | a | | Rees le v8 aan sm Cenmon thre eufandlng o | 304 | renible bookalvepercommen share ero fone oma st
Slide 29: Appendix B - Non-GAAP Reconciliation
Appendix B Non-GAAP Reconciliation (dollars and shares in thousands, except per share data)
Slide 30: www.firstusbank.com
FIRST US BANCSHARES, INC. www-firstusbank.com
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