CNB Community Bancorp Inc · OTC:CNBB
CNB Community Bancorp — Community Bancorp — Investor Presentation (October 2005)
25 slides from CNB Community Bancorp's investor presentation, Oct 5, 2005
Slide 1: Community Bancorp Investor Presentation
covmunrry ancogep INVESTOR PRESENTATION
Slide 2: Forward Looking Information
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
Slide 3: Key Investment Considerations
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 Second quart
Slide 4: Stock Summary
Stock Summary Issuer: Community Bancorp NASDAQ Symbol: CBON Shares Outstanding (6/30/05): 6,754,847 Trading Range Since IPO: $23.00—$34.75 per Share Market Capitalization Range: $155 Million to $235 Million Use of Proceeds: Expansion in the Greater Las Vegas Area, potential acquisitions and general
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 since
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 Clark County
Slide 7: Deposit Market Share
Deposit Market Share One of the largest community banks based in Las Vegas Source: SNL Securities at 6/30/04 (includes Bank of Commerce deposits)
Slide 8: Growth Strategies
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 10th branch for the spring of 2006 and plans
Slide 9: Growth Strategies – Continued
Growth Strategies – Continued 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 commercial and SBA lending portfol
Slide 10: Operating Strategies
Operating Strategies 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 this commitment to internal controls. Maintain
Slide 11: Experienced Management Team
Experienced Management Team Management Edward M. Jamison Lawrence K. Scott Cathy Robinson Don F. Bigger Cassandra Eisinger Bruce Ford Tom McGrath Rich Robinson Position Founder and Chief Executive Officer EVP and Chief Operating Officer EVP and Chief Financial Officer EVP and Chief Credit Administra
Slide 12: Financial Performance
COMMUNITY BANCORP FINANCIAL PERFORMANCE
Slide 13: Deposit Growth
Deposit Growth ($000) CAGR = 19% $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 $277,422 $351,584 $403,713 $476,252 $504,062 2001 2002 2003 2004 1H 5
Slide 14: Improving Deposit Mix
Improving Deposit Mix 2001 2005 Saving 1% Money Market 29% Interest Bearing Demand 3% Non-interest Bearing Demand 19% Time Certificates 48% Saving 1% Money Market 45% Interest Bearing Demand 4% Non-interest Bearing Demand 26% Time Certificates 24% Average balances for the year ended December 31, 200
Slide 15: Loan Growth
Loan Growth ($000) CAGR = 20% $247,182 $293,535 $350,082 $403,270 $471,107 $500,000 $450,000 $400,000 $350,000 $300,000 $250,000 $150,000 $100,000 $50,000 $0 2001 2002 2003 2004 1H 05
Slide 16: Loan Portfolio Matches the Marketplace
Loan Portfolio Matches the Marketplace Commercial Real Estate 40% Residential Real Estate 8% Consumer & Other 2% Commercial 22% Construction 28% 2005* Commercial Real Estate 34% Residential Real Estate 4% Consumer & Other 1% Commercial 17% Construction 44% *Loan portfolio for the six months ended Ju
Slide 17: Strong Trends in Key Metrics
Strong Trends in Key Metrics ($000) $304,058 $400,571 $463,431 $573,961 $651,131 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $- 2001 2002 2003 2004 1H 05 Improving Credit Quality NPAs to Loans & OREO 3.29% 1.99% 1.00% 0.78% 0.13% 3.50% 3.00% 2.50% 2.00% 2.00% 1.50% 1.00% 0.50% 0.0
Slide 18: Strong Trends in Key Metrics
Strong Trends in Key Metrics ($000) Gains In Net Income $3,157 $4,725 $5,215 $5,421 $4,402 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $- 2001 2002 2003 2004 IH 05 Consistently Profitable ROAE 14.9% 19.1% 17.8% 15.1% 11.03% 20.0% 18.0% 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 2001 2002 2003 20
Slide 19: Balance Sheet
Balance Sheet ‘COMMUNITY BANCORP $ 304,058 247,182 3,700 271422 22,336 Balance Sheet Ratios Equity to Assets Leverage Ratio Tier 1 Risk-Based Capital Ratio Total Risk-Based Capital Ratio Allowance for Loan Losses to Loans $400,57 293,535 4,688 351,584 27,212 6.79% 8.84% 11.03% 14.14% 1.60% 1 $ 463,4
Slide 20: Income Statement
= Income COMMUN $ 24,119 10,737 8,709 18,382 4,482 13,382 1,909 16,740 1,958 13,900 ” provision for loan losses 11,473 Non-interest income 1,670 Non-interest expense 8,460 14,782 1,392 9.112 13,809 795 8,064 4,683 1,526 7,062 2.337 6,540 2.138 3,157 4725 4,402 0.69 1.03 0.68 101 ficiency Ratio
Slide 21: Asset Quality
Asset Quality 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. Non-performing assets are defined as loans that are past due 90 days or more, non-accrual loans plus other real estate owned.
Slide 22: EPS—Diluted
EPS—Diluted CAGR = 17.1% $0.68 $1.01 $1.10 $1.10 $0.64 $1.20 $1.00 $0.80 $0.60 $0.40 $0.20 $- 2001 2002 2003 2004 IH 05
Slide 23: Summary
Summary Strong balance sheet growth Consistent profitability High quality credit Strong asset sensitive balance sheet
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% respectively Fiv
Slide 25: Community Bancorp
communrry ancogep INVESTOR PRESENTATION
Community Bancorp — Investor Presentation (October 2005) on 6ix