Investar Holding Corporation · NASDAQ:ISTR
Investar — Q1 2020 Earnings Presentation
13 slides from Investar's earnings presentation, Apr 23, 2020
Slide 1: 1Q 2020 Earnings Release Presentation
Exhibit 99.2 NASDAQ: ISTR 1Q 2020 Earnings Release Presentation April 23, 2020
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the Company’s current views with respect to, among other things, future events and financial performance. The Company generally
Slide 3: Capital Ratios
Capital Ratios Consolidated Bank March 31, 2020 March 31, 2020 Tangible Common Equity / Tangible Assets 9.28% Tangible Common Equity / Tangible Assets 10.30% Leverage Ratio 9.82% Leverage Ratio 10.52% Common Equity Tier 1 Ratio 10.95% Common Equity Tier 1 Ratio 12.09% Tier 1 Ratio 11.30% Tier 1 Rati
Slide 4: Loan Portfolio Segmentation
Loan Portfolio Segmentation March 31, 2020 Business Lending Portfolio¹ Entertainment Other Services (except Public 1% Administration) C&I Health Care and Social Hospitality 6% 18% 1-4 Family Assistance 19% 1% 12% Restaurants 5% Direct Consumer Energy / 2% Servicing Wholesale Multifamily 8% Trade 3%
Slide 5: CRE Overview: $867M
CRE Overview: $867M Farmland Healthcare Wholesale Trade 3% 7% 6% Warehouse 6% Office Real Estate, Rental & 14% Leasing 6% Multi-family $867M 7% Retail 27% Professional, Manufacturing & Other 24% Portfolio Characteristics March 31, 2020 % Total Portfolio¹ 50% 10 Largest Loans / Relationships 14.43% C
Slide 6: C&D Overview: $192M
C&D Overview: $192M York 1-4 Family Construction - MultiFamily 3% Builder 3% 14% 1-4 Family Construction- Consumer 3% Lot/Raw Land - Consumer 5% $192M Commercial Land and Construction 1-4 Family 52% Development/Builder lots 20% Portfolio Characteristics March 31, 2020 % Total Portfolio 11% 10 Larges
Slide 7: Consumer Overview: $28M
Consumer Overview: $28M Miscellaneous- includes York 9% Unsecured 7% Auto Since exiting the indirect auto loan 43% origination business at the end of CD/Savings Secured $28M 2015, the Bank has experienced decreased loan sales and has 24% ceased originations of consumer loans held for sale Recreation
Slide 8: C&I Overview: $314M
C&I Overview: $314M By Collateral Type By Industry Other Transportation & Warehousing 11% Professional 6% Accounts Receivable Wholesale Trade (Scientific & Tech) 22% 9% 17% Attorney Cases 12% Real Estate Rental and Leasing 6% $314M Construction $314M Unsecured 8% 10% Equipment Other- less than 6% 21
Slide 9: Loan Rate Structure
Loan Rate Structure • Investar’s loans are 25% variable rate as of March 31, 2020 • Of these variable rate loans, 27% are in a period where the loan does not immediately reset with a change in the applicable index rate; 73% adjust immediately with a change to the applicable index rate • Interest rat
Slide 10: Loan Credit Portfolio Summary
Loan Credit Portfolio Summary As of March 31, 2020 Special (Dollars in thousands) Pass Mention Substandard Doubtful Total Construction and Development $ 176,951 $ 13,434 $ 1,212 $ - $ 191,597 1-4 Family 322,573 3,865 2,292 - 328,730 Multifamily 60,437 1,272 - - 61,709 Farmland 26,677 432 2,264 - 29,
Slide 11: Asset Quality Trends
Asset Quality Trends NPAs / Assets NCOs / Average Loans 1.00% 0.20% 0.75% 0.69% 0.15% 0.13% 0.52% 0.54% 0.46% 0.50% 0.10% 0.07% 0.08% 0.35% 0.06% 0.05% 0.04% 0.25% 0.05% 0.30% 0.30% 0.01% – – 2014 2015 2016 2017 2018 2019 Q1 2020 2014 2015 2016 2017 2018 2019 Q1 2020 Reserves / Loans Reserves / NPLs
Slide 12: Net Interest Margin
Net Interest Margin 6.00% Yield on Interest Earning Assets Net Interest Margin Cost of Funds 5.00% 4.84% 4.65% 4.71% 4.52% 4.29% 4.25% 4.12% 4.00% 3.85% 3.61% 3.61% 3.51% 3.46% 3.32% 3.39% 3.00% 2.00% 1.40% 1.32% 1.10% 0.86% 0.92% 1.00% 0.72% 0.73% – 2014 2015 2016 2017 2018 2019 Q1 2020 12
Slide 13: Securities Portfolio
Securities Portfolio Available-for-Sale Book (Dollars in thousands) Value Gain/ Loss Fair Value U.S. Governmental U.S. Governmental Agencies $43,966 $43 $44,009 Commercial Agencies Mortgage-backed 15.9% State and Political Subdivisions 32,717 (733) 31,984 Securities 26.6% Corporate Bonds 24,069 (975