Kish Bancorp, Inc. · OTC:KISB
Kish Bancorp — Shareholder Meeting (May 2021)
30 slides from Kish Bancorp's shareholder meeting presentation, May 7, 2021
Slide 1: 2021 Annual Shareholder Meeting
We KISH Kish. 2021 ANNUAL SHAREHOLDER MEETING
Slide 2: Call to Order
Call to Order 2
Slide 3: Mission
Mission To achieve sustained success through an unwavering focus on fulfilling our clients’ financial needs. 3
Slide 4: Board of Directors
Board of Directors The Board of Directors of Kish Bancorp, Inc. Front row: Kathleen Rhine, Bill Hayes, Greg Hayes, and Fran Vaughn. Back row: Eric Barron, Bill Lake, George Woskob, Paul Howes, Bill Dancy, Jim Lakso, Paul Silvis, and Spyros Degleris. Not pictured: James Troha. 4
Slide 5: Class 2 Directors
Class 2 Directors CLASS 2 DIRECTORS WHOSE TERMS EXPIRE IN 2021 Director of Corporation/ Name Principal Occupation Bank Since William P. Hayes Chairman and Chief Executive Officer, Kish Bank and Kish Bancorp, Inc. 1987/1984 William S. Lake Owner, Lake Chevrolet, Inc. and Lake Ford Lincoln, Inc. 2012/
Slide 6: Introduction
Introduction James A. Troha 6
Slide 7: Class 1 and 3 Directors
Class 1 and 3 Directors • Eric J. Barron • James J. Lakso • William L. Dancy • Spyros A. Degleris • Gregory T. Hayes • George V. Woskob • Paul G. Howes • Kathleen L. Rhine • Paul H. Silvis 7
Slide 8: Remembrance
Remembrance Edward A. Friedman March 24, 1948 – August 22, 2020 8
Slide 9: 2020 in Review
2020 in Review 9
Slide 10: The Amazing Story of 2020
The Amazing Story of 2020 • Covid-19 Response • Support for Home Owners – Over 800 mortgages and 130 mortgage deferrals processed in 2020 • Support for Small Business – Provided 840 Paycheck Protect Program Loans and processed 110 business loan deferrals. • Acquisition and integration of the Sausman
Slide 11: The Amazing Story of 2020
The Amazing Story of 2020 • Miraculous performance of the versatile and multi-talented Kish team – Team of Teams approach - “Not a single plate was dropped” • Produced life-sustaining solutions for customers, communities, and fellow team members – WhyKish.com • Generated exceptional financial result
Slide 12: Markets
Markets Mifflin Deposit Market Share • 7 locations • Ranked #1 with 44.01% of deposit market share Market Deposits Market Total County Share in Market Share Market Huntingdon Rank ($000) (%) ($000) • 3 locations Mifflin, PA 1 395,386 44.01% 898,302 • Ranked #2 with 24.22% of deposit market share Hun
Slide 13: Accelerating Growth Over Time
Accelerating Growth Over Time Total Assets ($ in millions) Total Gross Loans ($ in millions) $1,200 $1,107 $800 $771 $1,100 $690 $1,000 $700 $918 $637 $900 $851 $576 $811 $600 $800 $496 $725 $697 $500 $452 $700 $660 $420 $630 $371 $387 $600 $560 $558 $400 $358 $500 $300 2011 2012 2013 2014 2015 2016
Slide 14: Asset Quality
Asset Quality Loan Delinquency (% of total loans) Net Charge-Offs / Average Loans 2.50% KISB Peers¹ 0.20% 0.17% KISB Peers¹ 2.11% 2.00% 0.15% 0.11% 0.10% 1.50% 1.31% 1.26% 0.06% 0.05% 0.94% 0.05% 1.00% 0.00% 0.00% 0.00% 0.50% 0.22% 2014 2015 2016 2017 2018 2019 2020 0.06% 0.08% -0.05% 0.00% -0.10% -
Slide 15: Profitability
Profitability Net Income ($ in thousands) Net Interest Income ($ in thousands) 8,500 8,039 35,000 30,962 7,500 7,007 27,538 30,000 6,030 25,757 6,500 23,101 25,000 4,140 20,868 5,500 4,494 4,617 18,630 19,661 4,359 20,000 4,500 15,000 3,500 2,500 10,000 1,500 5,000 2014 2015 2016 2017 2018 2019 2020
Slide 16: Bank & Non-Bank Fee Income Expansion
Bank & Non-Bank Fee Income Expansion • Bank and Non-Bank Business Revenues Non-Interest Income ($ in thousands) – Diversified sources of revenue – Wealth management 11,000 10,123 8,502 • 2020 revenue up 8.39% year over year 9,000 7,440 7,096 6,423 – Kish Insurance recurring revenue 6,492 6,748 7,000
Slide 17: Shareholder Performance Metrics
Shareholder Performance Metrics Return on Equity Price/Tangible Book 16.00% KISB Peers¹ 250% KISB Peers¹ 14.00% 12.22% 200% 11.56% 12.00% 10.71% 9.54% 136.20% 143.60% 10.00% 150% 8.89% 125.30% 8.54% 111.00% 112.10% 7.45% 99.70% 107.70% 8.00% 100% 6.00% 50% 4.00% 2.00% 0% 2014 2015 2016 2017 2018 201
Slide 18: Capital
Capital • The foundation for growth • Capital leverage • Asset quality is key • Retained earnings • Subordinated debt 18
Slide 19: 2021 to 2024 Strategic Plan
2021 to 2024 Strategic Plan 19
Slide 20: Kish Innovation Updates
Kish Innovation Updates • Kish Core Transformation – Completed in May 2020 – Simplified Solutions, Digital Tools, and Empowered People • Kish Technology Innovation – Commitment to next-generation banking – Migration cloud-based solutions – Enhanced cyber and information security program • The Kish I
Slide 21: 21
21
Slide 22: 22
22
Slide 23: 23
23
Slide 24: 2021 to 2024 Strategic Plan Summary
2021 to 2024 Strategic Plan “We believe that we can make the lives of those Summary around us—our employees, Growth Data-driven our clients, and our that sustains at our core communities—better.” Digitally Collaboration enabled relationships at all levels A Brand Knowledge centered on growth that cl
Slide 25: Core Philosophy
Core Philosophy “We believe that we can make the lives of those around us—our employees, our clients, and our communities—better.” 25
Slide 26: Shareholder Focus
Shareholder Focus • Strong organic revenue growth and scalable infrastructure leading to double digit growth in EPS (14.7%) and return on shareholder equity (12.90%) • Net income of $8.04 million in 2020, compared to $4.4 million in 20141 • Earnings per share of $3.20 in 2020 compared to $1.82 in 20
Slide 27: Questions?
Questions? 27
Slide 28: Voting Results
> Voting Results le
Slide 29: Thank you Jim Lakso for your service!
Thank you Jim Lakso for your service! 29
Slide 30: 2021 Annual Shareholder Meeting
We KISH Kish. 2021 ANNUAL SHAREHOLDER MEETING