Mercantile Bancorp — Shareholder Meeting (May 2010)
8 slides from Mercantile Bancorp's shareholder meeting presentation, May 24, 2010
Slide 1: Welcome Annual Meeting May 24, 2010
A Welcome Annual Meeting May 24, 2010
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about Mercantile Bancorp Inc.’s plans, objectives, expectations and intentions and other
Slide 3: 2010 Annual Meeting Agenda
2010 Annual Meeting Causes of Results Actions to Date The Road Ahead
Slide 4: Causes of Results
Causes of Results Failure of Investment Banks; Values of Real Estate Dive Non-Performing Assets Soar; Expenses Follow Income Redirected to Loan Reserves Lending to Affected Banks Halted; Capital Shrinks Banks Fail; FDIC Insurance Costs Climb Higher Capital Levels Required Accounting Rules Compound C
Slide 5: Actions To Date
Actions To Date Manage to a Soft Landing; Public Reaction Work with Regulators; Extremely Complex Lender Secured Debt Increased to: — Increase Capital — Build Loan Reserves — Protect Liquidity Sale of Banks; Payoff Debt Shrink Banks; Improve Capital Ratios Manage Non-Performing Assets Plan Capital R
Slide 6: The Road Ahead
The Road Ahead Execute Capital Raise Reduce and Exit Non-Performing Assets A Balance to Capital and Time — Time is Key — Worst Have Been Identified — Proceed with Cautious Optimism Protect and Increase Capital Shrink Base; Focus on Core Operations Reset Expense Structure Plan Future Strategy
Slide 7: Time & Capital
[ea\ Mercantile Time & Capital
Slide 8: Thank You Annual Meeting May 24, 2010
Thank You Annual Meeting May 24, 2010