Columbia Banking System, Inc. · NASDAQ:COLB
Columbia Banking System — RBC Capital Markets 2005 Financial Institutions Conference
21 slides from Columbia Banking System's conference presentation, Sep 21, 2005
Slide 1: RBC Capital Markets 2005 Financial Institutions Conference
RBC Capital Markets 2005 Financial Institutions Conference September 21, 2005
Slide 2: Forward Looking Statement
Forward Looking Statement • This material includes forward looking statements, which management believes are a benefit to shareholders. These forward looking statements describe Columbia’s management’s expectations regarding future events and developments such as future operating results, growth in
Slide 3: Discussion Outline
Discussion Outline History Financial Performance Summary Our Strategic Vision
Slide 4: Historical Overview
Historical Overview As of June 30, 2005 Tacoma area expansion began in August 1993 Since 1993 reorganization, Columbia has grown from 4 branches to 41 branches Assets have grown from $211 million to $2.3 billion Loans have grown from $145 million to $1.5 billion Deposits have grown from $153 million
Slide 5: Financial Performance
Financial Performance Gary Schminkey EVP, Chief Financial Officer
Slide 6: Net Income
Net Income In thousands $22,513 $19,522 $20,000 14% CAGR $18,000 (2000-2004) $16,000 $13,096 $12,513 $10,885 $14,000 $10,070 $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 2004 2003 2002 2001 2000 YTD Note: The Bank of Astoria acquisition closed on October 1, 2004; prior periods are not comparable.
Slide 7: Earnings per Share (Diluted)
Earnings per Share (Diluted) $1.52 $1.37 14% CAGR $1.50 (2000-2004) $1.30 $0.83 $1.10 $0.87 $0.78 $0.69 $0.90 $0.70 $0.50 $0.30 $0.10 2004 2003 2002 2001 2000 YTD 6/30/05 Note: The Bank of Astoria acquisition closed on October 1, 2004; prior periods are not comparable.
Slide 8: Return on Average Assets
Return on Average Assets 1.17% 1.15% 1.17% 0.86% 0.68% 0.73% 2004 2003 2002 2001 2000 1.5% 1.0% 0.5% 0.0% YTD Note: The Bank of Astoria acquisition closed on October 1, 2004; prior periods are not comparable. 6/30/05
Slide 9: Return on Average Equity
Return on Average Equity 13.83% 12.68% 13.29% 15.0% 10.39% 9.36% 8.77% 10.0% 5.0% 0.0% 2004 2003 2002 2001 2000 YTD Note: The Bank of Astoria acquisition closed on October 1, 2004; prior periods are not comparable. 6/30/05
Slide 10: Total Assets
Total Assets (in millions) Period End Balances Other Securities Loans $2,327 $2,178 $2,500 $1,744 $1,670 $2,000 $610 $1,496 $1,498 $632 $1,500 $524 $337 $119 $161 $1,510 $1,360 $1,000 $1,078 $1,193 $1,171 $1,176 $500 $0 2004 2003 2002 2001 2000 6/30/2005 Note: The Bank of Astoria acquisition closed
Slide 11: Deposit Growth
Deposit Growth Shift (averages) December 31, 2000 June 30, 2005 Checking Checking CDs CDs 25.4% 26.0% 39.1% 45.4% 24.7% 29.5% Savings 6.0% Savings Money Market Money Market 3.9% $1.9 billion $1.2 billion Cost of Deposits: 4.82 % Cost of Deposits: 1.51 % (YTD 2000) (YTD 6/30/05) Note: The Bank of Ast
Slide 12: Loan Composition
Loan Composition December 31, 2000 June 30, 2005 Commercial Real Estate Other Other Commercial Real Estate 9.4% 8.9% 41.6% 49.5% 53.0% 37.8% Commercial Business Commercial Business Total Loans: $1.2 billion Total Loans: $1.5 billion Note: The Bank of Astoria acquisition closed on October 1, 2004; pr
Slide 13: Nonperforming Loans
Nonperforming Loans As a % of Total Loans 1.57% 1.75% 1.45% 1.50% 1.23% 1.14% 1.25% 1.00% 0.62% 0.43% 0.75% 0.50% 0.25% 0.00% 2004 2003 2002 2001 2000 YTD 6/30/05 Note: The Bank of Astoria acquisition closed on October 1, 2004; prior periods are not comparable.
Slide 14: Building on our Strengths
Building on our Strengths Shareholders are also customers Broad base of products & services Decision-making kept as close to the client as possible Strong branch network
Slide 15: Columbia Branch System
Columbia Branch System 41 branches in 7 counties Columbia Bank Seattle Tacoma Bank of Astoria Oregon Washington
Slide 16: Market Share by County - Deposits
Market Share by County - Deposits County State Branches % Market Pierce WA 23 17.92% (#1) Cowlitz WA 3 15.30% King WA 8 .66% Thurston WA 1 3.80% Kitsap WA 1 .65% Clatsop OR 4 34.00% (#1) Tillamook OR 1 5.48% FDIC data as of June 30, 2004
Slide 17: Building on our Strengths
Building on our Strengths Commitment to customer service Strive to be the community bank in all the communities we serve
Slide 18: COLB Stock Price Performance
COLB Stock Price Performance Relative Stock Price Performance - Last 3 Years COLB 138.2% Peer Group 70.1% Indexed Prices S&P 500 Index 39.9% NASDAQ BANKS 38.9% 9/12/05 4/8/05 11/2/04 5/28/04 12/25/03 7/22/03 2/14/03 9/12/02 Source: Factset as of 9/12/05. 1) Peer group includes CBBI, CCBN, CCOW, CPF,
Slide 19: Strategic Direction
Strategic Direction Build value for our shareholders Foundation for continued growth in market share by leveraging strong retail branch system Continue to extend footprint of existing branch network - selective branching in Washington & Oregon Consider strategic acquisition opportunities Financial T
Slide 20: Financial Targets
Financial Targets Return on Equity 15% Return on Assets 1.25 - 1.50% Efficiency Ratio 55 - 60%
Slide 21: Melanie J. Dressel
Melanie J. Dressel President & Chief Executive Officer P.O. Box 2156 Tacoma, WA 98401-2156 253-305-1911 mdressel@columbiabank.com Gary R. Schminkey EVP & Chief Financial Officer P.O. Box 2156 Tacoma, WA 98401-2156 253-305-1966 garys@columbiabank.com
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