Community Bancorp. · NASDAQ:CMTV
Community Bancorp — Shareholder Meeting (May 2024)
25 slides from Community Bancorp's shareholder meeting presentation, May 14, 2024
Slide 1: 2024 Annual Shareholders Meeting
(OTCQX: CMTV) Capital Customers Creative 2024 Annual Shareholders Meeting May 14, 2024 2:00 pm East Side Restaurant & Pub
Slide 2: Introductions
Board of Directors Executive Officers Introductions Board of Directors Thomas Adams Kathryn Austin, Chief Executive Officer, Community National Bank and President Kathryn Austin and Executive Officers Bruce Baker and Chief Executive Officer, Community David Bouffard Bancorp. Christopher Caldwell Ami
Slide 3: Election of Directors to a three-year term expiring 2027
Election of Directors to a three-year term expiring 2027 * Kathryn M. Austin * Bruce L. Baker * David M. Bouffard * Christopher L. Caldwell ° Aminta K. Conant Ratification of BerryDunn as the Company’s external auditors for the year ending 2024. Congratulations, Rosemary Lalime on your retirement! R
Slide 4: Questions and adjournment of business meeting
Meet or Our Leadership Team Questions? Executive Please ask questions. We’re happy to answer them. Officers Thank you and adjournment of the business meeting.
Slide 5: Meet Our Leadership Team: Executive Officers
Meet or Our Leadership Team Annual Meeting Presentation Executive Officers Community Bancorp. (OTCQX: CMTV) May 2024
Slide 6: Forward-Looking Statements
This presentation contains forward-looking statements that are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements about the Company’s financial condition, capital status, dividend payment practices,
Slide 7: Meet Our Leadership Team
Kathryn M. Austin Chief Executive Officer, Community National Bank Meet Leadership CNB or Team Leadership President and Chief Executive Officer, Community Bancorp. Executive Officers Christopher Caldwell President, Community National Bank Vice President, Community Bancorp. Louise Bonvechio Executive
Slide 8: Goals and Vision
• Continue to grow commercial and mortgage loan Meet or Our Leadership Team Goals and Vision portfolios, as well as deposits Executive • Attract new clients and deepen relationships with current customers Officers • Focus on convenience for digital and in-person banking offerings • Invest in employe
Slide 9: 2023 Highlights
Finished year in strong Healthy core deposit, capital position loan and asset growth Meet or Our Leadership Team 2023 Highlights Executive High credit quality across Deposit growth, loan portfolio Officers especially time deposits Mortgage business growth Diversified customer base, despite higher mo
Slide 10: Our Strategies: Growth within Community Banking Landscape
• Leverage strong presence to build commercial loan and mortgage Meet or demand and core deposit growth, despite higher interest rates Growth Our StrategiesTeam Leadership within Community Banking • Lead with innovation, personal touch and stability Executive Landscape • Enhance digital and in-perso
Slide 11: Commercial Lending Highlights
Group led by Chris Caldwell, President and former Chief Lending Officer Meet or Commercial Lending Highlights Leadership Team Executive Officers Solid growth across all commercial loan segments • Diversification of business customers • Credit quality remains high • Competitive in marketplace • PPP l
Slide 12: Lending Environment and Approach
• Seasoned team, geographically-based, with sector focus in market: • Spans northern Vermont and Upper Valley -- Burlington and Meet Leadership or Lending Environment Approach Team and Hanover, NH business centers • Strong business banking franchise including CRE and C&I Executive • Competitive envi
Slide 13: Financial Highlights
Total net interest income • Net interest income for full year 2023 of $34.2 of $8.4 million, down million, up 3.4% YoY 1.9% YoY Meet Leadership or Team Financial Highlights • Trend reflects industry-wide post-pandemic savings Total assets $1.10 billion, Executive up 7.1% year-over-year declines and
Slide 14: 2023 Financial Performance, Selected Data
Financial Performance, Selected Data Years Ended December 31, 2023 2022 Operating Data Total interest income $46,902,141 $37,114,657 Total interest expense 12,692,940 4,030,100 Meet or Net interest income 34,209,201 33,084,557 Leadership 2023 Team Financial Performance Provision for loan losses Net
Slide 15: First Quarter 2024 Financial Performance, Selected Data
Financial Performance, Selected Data Three Months Endedt Three Months Ended 31-Mar-24 31-Mar-23 Operating Data Meet or Total interest income $12,859,294 $10,770,225 Total interest expense 4,501,649 2,246,860 Net interest income 8,357,645 8,523,365 Leadership First Quarter 2024Team Financial Provisio
Slide 16: Portfolio Break-out: Loan Portfolio as of March 31, 2024
Portfolio Break-out Meet or Loan Portfolio as of Leadership Team March 31, 2024 3% Executive 25% 1% 15% 7% Officers Commercial & industrial Municipals CRE Residential Mortgages HELOCs 49% Consumer In Q1 2024, slight decrease in Residential Mortgages and Commercial & Industrial offset by growth in Mu
Slide 17: We're a billion dollar bank made up of thousands of Vermont businesses
Meet or “We’re a billion dollar bank Leadership Team made up of thousands of Executive Vermont businesses. Officers One relationship at a time.”
Slide 18: Presentation to Community Bancorp. Shareholders
Presentation to Community Bancorp. Shareholders May 14, 2024 Community Financial Services Group, LLC (CFSG) is the trust and investment management affiliate of Community National Bank. CFSG accounts are •Not deposits or other obligations of the bank •Not guaranteed by the bank •Not insured by the FD
Slide 19: Comprehensive Wealth Management Services
* Comprehensive Wealth Management Services * Providing unbiased comprehensive financial planning advice, trust services, and fiduciary portfolio management * Individuals, businesses, and non-profit organizations * $1.4 billion in assets under management * Services include Revocable and Irrevocable T
Slide 20: CFSG 2023 results
* Opened 330 new asset management accounts totaling $152,000,000 in aggregate financial assets generating $973,000in annual fees * Achieved record revenue of $9 million up from $6.7 million in 2022 * Net Profit Totaled $3 million up from $1.7 million in 2022 * Increased CFSG’s Business Valuation 13.
Slide 21: CFSG Gross Asset Management Revenue
$10,000,000 $3,000,000 $8,000,000 $7,000,000 $6,000,000 $5,000,000 000,000 $3,000,000 2007000 $,000.000 — 4508066 s6cagsn $808208 CFSG Gross Asset Management Revenue December 31, 2023 $1,361,982 $1,154,083 $1,477,825 $1,456,455 J : il $2,973,446 $92,634,895 $2321508 $1,933,102 $3,378,988 $3,793,708
Slide 22: CFSG Business Valuation
$20,000,000 $19,000,000 $18,000,000 $17,000,000 $16,000,000 $15,000,000 $14,000,000 $13,000,000 $12,000,000 $11,000,000 $10,000,000 $9,000,000 $8,000,000 $7900.000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 st $13,862,085, CFSG Business Valuation 12770658 December 31, 2023 $11
Slide 23: New Business Referral Sources
Community Financial Services Group New Business Referral Sources Friend or Family Member, 0)5% CFSG Employee, 0.0% Accountant, 0.0% CFSG Brokerage, 1.3 Walk-in, 1.7%. CFSG or Bank Website, 2.0%. Newspaper/Radio Ad, 0.0% Mass Mailing, 0.0% Attorney, 3.1%. Board Member, 3.8%. Retirement Plan Participa
Slide 24: Looking Ahead - 2024
Looking Ahead - 2024 ‘\ / * First Quarter Started off with Record New Business + * Adapting to Growth of Company with = new vendor relationships * * Technology Upgrades are Essential * Personnel Training and Retention
Slide 25: CFSG Contact Information
CFSG Contact Information Local Advisors -- Global Vision Suzanne Small ssmall@cfsgtrust.com Office: 802-323-9070 Joe Jenkins jjenkins@cfsgtrust.com Office: 802-626-9594 Toll Free to Newport, VT: 877-334-1677