Mackinac Financial Corporation
Mackinac Financial — Non-Deal Roadshow (April 2005)
21 slides from Mackinac Financial's roadshow presentation, Apr 29, 2005
Slide 1: Disclosure: Forward-Looking Statements
Disclosure Forward-Looking Statements This document contains certain forward-looking statements. Words such as "anticipates," "believes," "estimates," "expects," "intends," "should," "will," and variations of such words and similar expressions are intended to identify forward-looking statements: as
Slide 2: Mackinac Financial Corporation
Mackinac Financial Corporation One bank holding company headquartered in Manistique, Michigan 12 Branch locations - 9 in upper Michigan and 3 in lower Michigan Newly opened loan production office in Bloomfield Hills, Michigan Listed on Nasdaq National Market - Symbol MFNC Approximately 1,800 shareho
Slide 3: Franchise Marketplace
Franchise Marketplace Source: SNL Financial. Data as of 6/30/04. Opportunity exists for further market penetration 24 branches divested as part of turn-around
Slide 4: Experienced Management Team
Experienced Management Team Paul Tobias - Chairman and CEO Four years, Co-Founder - Mackinac Partners Five years, CEO - Munder Capital Management Five years, Senior and Executive Vice President - Comerica Six years, Managing Director - McDonald Investments C. James Bess - Vice Chairman Managed the s
Slide 5: Experienced Management Team
Experienced Management Team Eliot Stark - Executive VP and CFO Three years, Managing Director - Mackinac Partners Three years, Executive Vice President of Finance - Compuware 21 years, Senior Vice President of Information Technology, Senior Vice President of Real Estate Development and Management, F
Slide 6: Loan Staffing
Loan Staffing SVP Commercial Lender - David C. Crimmins Hired commercial banking manager for Traverse City market 15 years of lending experience 2 existing senior commercial lenders in the upper peninsula Hired two additional Commercial lenders - 1st quarter Seasoned lenders to serve key markets Cur
Slide 7: Recapitalization
Recapitalization Recap Net proceeds from private placement - $26.2 million Recapitalized Bank with $15.5 million capital infusion Trust Preferred settlement of $6.5 million Payment of Change in Control contract payouts - $1.5 million Bank and Holding Company - Well-Capitalized
Slide 8: Future Strategy Review
Future Strategy Review Maintain current asset quality with future loan growth Rollout Bank marketing campaign with product revisions and competitive pricing Refocusing existing management toward renewed growth by: amplifying quality of headquarters and branch professionals; modifying branch operatin
Slide 9: Strategy Progress / Execution Report
Strategy Progress / Execution Report Balance sheet restructuring Prepayment of FHLB less than plan due to recent rate increases Staff Additions 3 seasoned commercial lenders hired in first quarter Plans for adding mortgage loan producers early in second quarter Image Campaign Bank name change ("mBan
Slide 10: Loan and Deposit Composition
Loan and Deposit Composition
Slide 11: Nonperforming Loans
Nonperforming Loans Nonperforming Loans (dollars in thousands) 42713708 ratin4 e304 304 qaai04 313108 Period Ended ie achinae
Slide 12: Nonperforming Assets
Nonperforming Assets Nonperforming Assets (dollars in thousands) 42713708 ratin4 e304 304 Period Ended qaai04 313108
Slide 13: NPAs / Total Assets
NPAs / Total Assets Nonperforming Assets as a% of Total Assets 121908 ratios ea0/04 Period ended gva0i04 42/31404 3131/05 14 ex Ae etait
Slide 14: Allowance for Loan and Lease Losses
Allowance for Loan and Lease Losses
Slide 15: Net Income (Loss)
Net Income (Loss) Net Income (Loss) (dollars in thousands) 12908 yanio4 era0v04 araoro4 12/314 3131/08 Quarter ended 16
Slide 16: Net Interest Margin
Net Interest Margin Net Interest Margin 42n-303 yaio4 era0r04 gong 121108 3131408 Quarter ended 1 ‘nsexjnac
Slide 17: Total Assets
Total Assets Total Assets (dollars in thousands) 460,000 400,000 360,000 300,000 250,000 200,000 160,000 100,000 60,000 4213/03 ratios ea004 gva0i04 Period ended 42031104 31/08 18
Slide 18: Total Loans
Total Loans Loans (dollars in thousands) 300,000 250,000 200,000 160,000 100,000 4213/03 ratios ea004 gva0i04 Period ended 42031104 31/08 19
Slide 19: A Strategy for Growth
A Strategy for Growth Focus on Key Markets Oakland County Traverse City Gaylord Marquette Sault Ste. Marie
Slide 20: Shareholders' Equity
Shareholders' Equity $28.854 million at March 31, 2005 Book value per share - $8.42 Market value per share - $18.13 Shareholders - approximately 1,800
Slide 21: Relative Stock Price Performance
Relative Stock Price Performance