Fidelity D & D Bancorp, Inc. · NASDAQ:FDBC
Fidelity D & D Bancorp — Shareholder Meeting (May 2021)
42 slides from Fidelity D & D Bancorp's shareholder meeting presentation, May 5, 2021
Slide 1: Shareholders Presentation (5/4/21)
fidelity BANK Shareholders Presentation (5/4/21)
Slide 2: Vision Statement
Vision Statement Fidelity Bankers are passionate about success and committed to building strong relationships through exceptional client experiences. Fidelity Bank will be the best bank for our bankers to work, our clients to bank, our shareholders to invest, and for our community to prosper. Pees F
Slide 3: 2020 in Review
2020 in Review
Slide 4: Two great community banks join forces
Two great community banks join forces for one exceptional client experience. * $1.7 billion — Asset size * 300 Bankers * Covering Northeastern Pennsylvania and the Lehigh Valley Merchants BANK Ps
Slide 5: Another Successful Merge in 2020
Another Successful Merge in 2020 * 120 new relationships consisting of approximately 160 accounts. * Total AUM as of 12/31/2020 in the JBT book of business was $34,727,330. * Annual Revenue is projected at {bt.bank approximately $300,000. ==
Slide 6: 2020 Pandemic
2020 Pandemic
Slide 7: Best Bank for our Bankers to work
Best Bank for * All COVID precautions were taken — including shields, PPEs, and deep cleaning our Bankers * Closed lobbies twice to appointment only because of COVID spiking to work * All Bankers retained their jobs and all were paid 100%
Slide 8: Protecting our Bankers and Clients
Protecting our Bankers and Clients
Slide 9: Best Bank for our Community to Prosper
Best Bank for our Community to Prosper
Slide 10: Commitment to the Community
State Theatre Center for the Arts fhe Community Action Committee of the Lehigh Valley Commitment to the Community Over $1.36 Million Donated $250k Fidelity D&D Charitable foundation funding $985k went to EITC organizations. $135k makes up Scholarship funding and Bank donations
Slide 11: Volunteer Hours to our Community
Volunteer Hours to our Community 2020 Bank wide total volunteer hours: 1,400 2020 Total Bankers participating: 116 2020 Total of these that are after hours (unpaid): 669 2020 Total Bankers participating after hours: 73 2020 total of organizations Fidelity Bankers volunteered at: 64 1
Slide 12: Best Bank for our Clients to Bank
Best Bank for our Clients to Bank
Slide 13: The Best Bank for Our Clients
The Best Bank for Our Clients The readers of the Scranton Times voted Fidelity Bank as the “Best Bank”. 2013 2014 2015 2016* (Best Bank for Mortgages) 2017 2018 2019 2020 7 209 READERS | , | CHOICE | Ale. z VSIQICE
Slide 14: Top Community Banks
2020 Top 200 Community Banks * American Bankers Top 200 (7** consecutive year) — ranked 79th ¢ Wine Business Monthly — Top PPP Lenders in USA Fidelity BANK
Slide 15: Ranked #1 mortgage lender in Northeastern Pennsylvania
Ranked # 1 mortgage lender in Northeastern Pennsylvania for 11 consecutive years as noted by peer community bank and HMDA data. In 2020, the Bank originated 1,441 loans for $233.1 million. Mortgage Lender % in Northeastern, PA —-
Slide 16: NPS December 2020 — Home Loan
NPS December 2020 — Home Loan How likely is it that you would recommend Fidelity Bank to a friend or colleague? Your Net Promoter® Score SurveyMonkey Global Benchmark ¥ ° ° 100 100 -100 100 Answered: 31 Skipped: 0 Average from 124,420 Organizations 11/2020 - 12/31/2020 Your scoreis in the top 25% @
Slide 17: NPS YTD 2020 - Retail
NPS YTD 2020 - Retail How likely is it that you would recommend Fidelity Bank to a friend or colleague? ae 7 Your Net Promoter® Score 100 100 Answered: 2,671 Skipped: 54 Your score is in the top 50-75% @ MINIMUM @ Lowerquartiie @ MEDIAN 100 ° 412 Your Net Promoter® Score: 62 ‘SurveyMonkey Global Ben
Slide 18: Paycheck Protection Program Community Impact
.. Paycheck Protection Program Community Impact Round 1 and 2 Number of PPP Loans: Total Amount Of Impacted Employees: ° 2,541 ¢ 36,000+ Average Loan Amount: Total Volume of Loans: * $92,680 * $235.5 million
Slide 19: Paycheck Protection Program Community Impact
Paycheck Protection Program Community Impact a Round 1 - #1 PPP Lender in Lackawanna Count S A * 801 loans worth $46.2 million a U.S. Small Business Administration * 298 PPP loans were to non-clients ¢ New deposit dollars gained $11,010,296 * Loans (not PPP) originated $3,910,000 Fidelity san
Slide 20: SAGE Award for Business of the Year
20 Daniel J. Santaniello receiving the Greater Scranton Chamber of Commerce SAGE Award for “Business of the Year.” SAGE AWARDS SCRANTON AWARDS FOR GROWTH&EXCELLENCE
Slide 21: Best Bank for our Shareholders to Invest
Best Bank for our Shareholders to Invest
Slide 22: A Safe, Sound & Profitable Bank
A Safe, Sound & Profitable Bank Five Star Bauer rating, for 27 consecutive quarters. (2Q 2014) www.bauerfinancial.com
Slide 23: Top Shareholder Return
Top Shareholder Return Fidelity D & D Bancorp, Inc. Total Return Performance 350 + Fidetty D & 0 Bancorp, nc = NASDAQ Composte Index “4 SNL Bank NASDAQ Index. s 50 123115 13116 117 118 13119 173120 Period Ending Index TASS aI 1/317 12/318 Taso 19/8120 Fidelity D & D Bancorp, Ine 700.00 10861 191.72
Slide 24: Best Bank for our shareholders to invest
“Best Bank for our shareholders to invest” * In 2020 Fidelity Bank was #3 in the nation with a 5-year average in total shareholder returns — 217% return * Kafafian data
Slide 25: Financial Highlights
Financial Highlights
Slide 26: Assets
Assets (Dollars in millions) Total assets increased by $690 million or 68% in 2020. The fair value of assets acquired from MNB was $451.4 million or 45% as of 12/31/19 1st quarter of 2021, total asset increased to $1.9 billion or 13%
Slide 27: Total Loans & Leases, Net
Total Loans & Leases, Net (Dollars in millions) In 2020, Loans & Leases increased $390 million or 52% when compared to 2019 The acquisition of MNB accounted for $245 million PPP loans made up $132.1 million of the total loans & leases at 12/31/20. $ $ $ $ $ $ $ $
Slide 28: Deposits
Deposits (Dollars in millions) In 2020, Deposits increased by $674 million or 81% when compared to 2019 MNB accounted for $396 million Interest-bearing checking is $453.9 million, or 30% non-interest-bearing checking $407.5 million, or 27%. 1% quarter of 2021, total Deposits increased to $1.7 billio
Slide 29: Shareholders' Equity
Shareholders’ Equity (Dollars in millions) In 2020, shareholder equity increased $60 million or a 56% increase over 2019 $45.4 million of the increase in equity was the issuance of common stock for the acquisition. The financial moat around Fidelity Bank is wide and deep 1 quarter of 2021 Shareholde
Slide 30: Net Income
Net Income (Dollars in millions) In 2020, net Income increased $1.5 million or 13% over 2019 Excluding merger-related expenses, net income would have been $15.1 million. 1 quarter of 2021, net income was $5.7 million or an 115% increase
Slide 31: Dividends Per Share
Dividends Per Share Dividends have increased 6 years in a row 2020: 8% 2019: 8% 2018: 6% 2017: 7% 2016: 7% 2015: 5% 15 ‘16/17 ‘18 "19 = '20 31
Slide 32: Earnings per Share
Earnings per Share In 2020, earning per shares decreased by $0.21 or 7% over 2019 primarily due to merger related expense of $2 million and a FHLB prepayment penalty of $0.4 million, net of tax. 1st quarter of 2021, earnings per share was $1.13 or an increase of 64% 16 17° 18 «='19 = '20 Fidelity wa
Slide 33: Looking Forward
Looking Forward
Slide 34: Fidelity and Landmark Bancorp
Va — Fidelity 4 IBANCOR®... LANDMARK Bancorp, Inc.
Slide 35: $2.1 Billion
Slide 36: Wealth Management Divisions
Wealth Management Divisions
Slide 37: Wealth Management Assets Under Management
$850,000 $600,000 $550,000 $500,000 Wealth Management Assets Under Management (S000s) $587,842 $479,313 $450,000 $420,249 $407,255 $400,000 $350,000 $331,823 $300,000 nl OIE 20 ZOTE OTE AUM Includes: Managed, Non-Managed, Custody, Brokerage and 401(k)s Fidelityorn 37
Slide 38: Wealth Management Fee Revenue
Wealth Management Fee Revenue $8,000,000 $2507,719 $2,500,000 $2,279,905 $2.078,125 $2,000,000 $1,636,406 $1,500,000 $1,307,238 ae $1,243,339 $1,129,745, s1.144s89 $1,000,000 = 2013 2014 2016 2017 2018 fidelity idelity BANK a
Slide 39: Wealth Management Services
Wealth Management Services: Financial Planning Investment Management Brokerage and Insurance Services Personal Trust and Fiduciary Services Corporate Trust Individual Retirement Accounts 401(k) Plans Estate Administration Services Private Banking FIDELITY BANK WEALTH MANAGEMENT 39
Slide 40: Wealth Management
Q BANK Wealth Management. Planning focused Trust planning & administration Estate planning Retirement planning Investment management Coordination with other professionals (attorney, cpa, etc.) Team Based Model Fiduciary Division of Company Minimum Assets Under Management size typically $250,000 Very
Slide 41: Asset Management Services at Fidelity Bank
Fidelity Asset Management Services AT FIDELITY BANK Financial Planning Individual Retirement Accounts Investment Management Insurance Solutions Annuity Solutions 401(k) plans Single Advisor Model Open Architecture Minimum Assets typically $10,000 and sometimes as low as $5,000 (Hybrid) Robust Insura
Slide 42: “YOU:
“YOU:
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