Summit State Bank · NASDAQ:SSBI
Summit State Bank — Q1 2021 Earnings Presentation
10 slides from Summit State Bank's earnings presentation, Jul 26, 2021
Slide 1: Presentation slides as of July 26, 2021
99.1 Presentation slides as of July 26, 2021 6
Slide 2: Summit State Bank - Headquartered in Santa Rosa, CA
A SUMMIT Member FDIC Summit State Bank - SSBI Headquartered in Santa Rosa, CA Branch Locations = Santa Rosa Main Healdsburg Santa Rosa Montgomery Village Rohnert Park Petaluma Regional Small Business Lending Group = Roseville, CA Lending Area Highlights Unemployment 2020-0301 2020.06.01 2020-09-01 2
Slide 3: Our Leadership Team
Our Leadership Team w § Brian Reed Genie Del Secco i Michael Cast Sco hief cer ( Offic SVP & Chief Summit State Bank + Commitment toa Culture of Success “> Strategic Lending Platform Positioned to Deliver Results + High Credit Quality with a Low Risk Profile * California Peer Group Leaderin Key Perf
Slide 4: Deferred Loans through CARES Act and PPP Lending Impact
Deferred Loans through CARES ACT “+ 9 Loans across 10 Borrowers are Currently in Deferral at -$29MM “+ 99% of Deferred Loan Exposure is Backed by Real Estate Deferred Loans are Concentrated in the Following Industries: Retail & Real Estate - 28%, * Restaurants - 30%, and % Wineries - 25% \ + Average
Slide 5: Financial Trends
10020 21,000 19,000 17,000 15,000 13,000 11,000 9,000 7,000 5,000 Financial Trends 2016YE 2017YE —«-2018YE_—-2019VE 2020YE 202101* 1.00% mmm Net Income before Provision ($000's) <mmmefeturn on Average Assets (preprovision pretax) Strong Net Interest Income Growth Consistent Non-interest Income Growt
Slide 6: Interest Income & Interest Expense Management
Interest Income & Interest Expense Management = Strong Net Interest Margin Net Interest Margin Compared to CA Peer Group 4.40% = Most recent 9 quarters show = continued improvement in: = Net Interest Income 4.00% Growth = Increased Profitability 3.80% = 15.9% of Loans are Variable, of ie which: = 5.
Slide 7: Historical Dividend Payout
oz oun 16020 Historical Dividend Payout 5.0% IPSEPESPEPESPEPL ESS jm Dividend Per Share ($) =meDividend Vield Consistent Quarterly Dividends Dividend Yield >3.0% at 2021Q1 as Stock Price Increases Stock Price Traded at 7.8 Times Trailing 12 Month Earnings as of 2021Q1 1.41 Times Price to Tangible Bo
Slide 8: Loan Composition
Loan Composition ’ CRE Loan Portfolio Total Loan Portfolio Concentration Constuton Btand il her Industral / Warehouse 3% ‘mutifamiy Commercial Real Estate 36% all other 13% 1.4 Family 1% winery Restaurants| % Hotel 2B as stations 12s = Diversified Portfolio with Manageable Risk through Pandemic = To
Slide 9: Liabilities Trends
Liabilities Trends Local Deposits and Brokered & FHLB Advances ($000's) 200,000 300,000 700,000 £00,000 500,000 400,000 300,000 200,000 100,000 . 2016YE 2017YE 2018YE 2019YE 2020VE 2021Q1 mbrokered & FHLB Advances Local Maturity Deposits st Local Nor-Maturity Deposits 1280120 Focus on Local Deposit
Slide 10: Awards and Accolades
Awards and Accolades Ce SA) UZ \\) vA \ | /_. BestPlaces to Work \() / - North Bay Business Journal \ \ 4 Best Business Bank »\ j - NorthBay biz magazine X é Top Community Bank Loan Producer for 2021 ) 7 -ICBA Raymond James Bankers Cup of 2020 ) v4 - RaymondJames ) Super Premier Performance - Findle