Unity Bancorp, Inc. · NASDAQ:UNTY
Unity Bancorp — Investor Presentation (April 2010)
19 slides from Unity Bancorp's investor presentation, Apr 29, 2010
Slide 1: Exhibit 99.1
Exhibit 99.1
Slide 2: Unity's Accomplishments
UNITY’S Accomplishments! ® Despite this challenging environment, Unity’s performance in 2009 included the following accomplishments: v Total assets increased 3.6 percent v Total deposits increased 7.2 percent v Further improvement in sales culture v Continued improvements in infrastructure v Excludi
Slide 3: How the Economy Affected Unity
How the Economy Affected UNITY ® Unity’s 2009 results were affected by: v Other-than-temporary impairment charges (“OTTI”) of $2.6 million in 2009 v Higher provision for loan losses due to the economy v Increase in past due accounts v Increase in collection costs v Increase in FDIC insurance v Weak
Slide 4: Strategic Direction
UNITY’S Strategic Direction ® One sales process with common goals ® Relationship-based business model ® New lending footprint ® Improve net interest margin ® Stabilize credit quality ® Effective cost control
Slide 5: Branch Network
UNITY’S Branch Network New Jersey Pennsylvania ® Hunterdon County ® Northampton County v Clinton v Forks Township v Flemington v William Penn v Whitehouse ® Middlesex County v Colonia v Edison v Highland Park v Middlesex v South Plainfield ® Somerset County v North Plainfield ® Union/Essex County v
Slide 6: Recent and Future Highlights
UNITY’S Recent and Future Highlights ® Brought items processing in-house - $175k per year ® ATM - a surcharge free network ® E-statements (“Go Green!”) ® Enhancements to electronic banking ® VISA gift cards ® Mobile banking ® Foreign currency exchange ® Online residential mortgage applications
Slide 7: Marketing Initiatives
UNITY’S Marketing Initiatives Introduced Integrated Multimedia Campaign Landing Page 764 average daily hits Google AdWords 747 Clicks & 758,005 impressions in our geo-targeted areas Newspaper Ads Across footprint Web Ads NJ.com LehighValleyLive.com HAWK microsite 99.9 The HAWK Radio Billboards
Slide 8: Marketing Initiatives
UNITY’S Marketing Initiatives Statistics 121 New Checking Accounts Opened; 31.93% increase over previous 60 day period $2,643,869 increase in Initial Deposits; 56.76% increase over previous 60 day period
Slide 9: New Marketing Initiative
UNITY’S New Marketing Initiative
Slide 10: Unity vs. FDIC-Insured Commercial Banks Key Ratios
For the 3 months For the 12 months ended 3/31/2010 ended 12/31/2009 All FDIC-Insured Unity Unity Commercial Banks Return on Average Assets 0.34% (0.12)% 0.09% Return on Average Equity 3.09% (5.29)% 0.85% Net Interest Margin 3.57% 3.22% 3.50% Total Nonperforming Assets to Total Assets 3.37% 2.90% 3.3
Slide 11: Income Statement
Income Statement (dollars in thousands)
Slide 12: Net Interest Margin
Net Interest Margin Prime Rate 5.25% 7.25% 8.25% 7.25% 3.25% 3.25%
Slide 13: Total Asset Growth
Ø In 2009, Unity grew total assets Total Asset Growth by 3.6% versus a decline of 3.8% for (dollars in millions) all FDIC-Insured Commercial Banks.
Slide 14: Total Loan Growth
Ø In 2009, Unity’s total loans Total Loan Growth declined 4.2% versus a 5.0% (dollars in millions) decline for all FDIC-Insured Commercial Banks.
Slide 15: Nonperforming Loans by Category
Nonperforming Loans by Category (dollars in thousands) 12/31/2009 12/31/2008 Category $ Value # of Loans $ Value # of Loans SBA 7(a) 6,559 75 4,228 49 SBA 504 5,575 2 4,600 3 Commercial 7,397 21 5,247 8 Residential Mortgage 5,578 13 1,808 7 Consumer 387 6 237 8 Total 25,496 117 16,120 75 Selected Ra
Slide 16: Total Deposit Growth
Ø In 2009, Unity grew total Total Deposit Growth deposits by 7.2% versus 3.1% for all FDIC-Insured Commercial Banks. (dollars in millions)
Slide 17: Capital Ratios
Capital Ratios Unity Bancorp, Inc. FDIC-Insured Commercial Banks
Slide 18: Compelling Investment Considerations
Compelling Investment Considerations ® Deep discount to book ® Knowledgeable and experienced management team ® Attractive branch franchise ® Improving bank fundamentals ® Positioned for economic rebound ® Insider ownership
Slide 19: Growing with you!
growing with you! The previous slides contained data from the following sources: ® FDIC-Insured Commercial Banks: v Obtained from FDIC.gov Quarterly Banking Profile