Bank Of The James Financial Group, Inc. · NASDAQ:BOTJ
Bank Of The James Financial — Investor Presentation (November 2015)
19 slides from Bank Of The James Financial's investor presentation, Nov 24, 2015
Slide 1: Investor Presentation: PIPE Offering November 2015
NASDAQ: BOTJ Investor Presentation PIPE Offering November 2015 Exhibit 99.1
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "estimate," "expect," "intend," "anticipate," "plan" and similar expressions and variations t
Slide 3: Offering Overview
Price Per Share Issuer Bank of the James Financial Group, Inc. Closing Placement Agent Use of Proceeds Offering Type Offering Size 1,000,000 shares 11.52 If the NASDAQ 20% rule applies, this offering will be divided into two closings Approximately 60% of shares will close immediately Closing for the
Slide 4: Our Company: Key Details
Listed on NASDAQ: BOTJ Market Capitalization: ~ $38 million LTM EPS – 9/30/2015 – $1.13 Key Balance Sheet Metrics at 9/30/2015: Assets - $508 million Loans - $435 million Deposits - $459 million Equity - $37.2 million Our Company Formed in 1999 by a group of experienced bankers, former bankers, and
Slide 5: Our Markets
OUR MARKETS Highlights Headquartered in Lynchburg, VA Locally know as Region 2000 Affluent market with significant employers Recently Expanded into Charlottesville, Harrisonburg, and Roanoke Combined market area has a population of almost 1 million residents Market area boasts a stable economic envi
Slide 6: Experienced, Young Team (1 of 2)
EXPERIENCED, YOUNG TEAM (1 of 2) Executive Headshot Previous Experience Age Years in Banking Years with BOTJ Robert Chapman President & CEO CEO, Bank of the James (2004) Co-founder, Bank of the James (1999) Current director First Lieutenant, US Army Virginia Military Institute Stonier Graduate Schoo
Slide 7: Experienced, Young Team (2 of 2)
Executive Headshot Previous Experience Age Years in Banking Years with BOTJ Angelia Johnson EVP & Retail Branch Administrator Retail Division Leader, Bank of the James (2008) Manager, Wachovia Bank (1995-2000) MBA, Averett University Stonier Graduate School of Banking 52 9+ 9 Brandon Farmer Chief Op
Slide 8: Driving Shareholder Value with Strong Results
Driving Shareholder Value with strong results $427M $493M $325M $435M 2.25% 10.77% $4.40 $11.21 0.14% 0.80% $0.18 $1.13 $0.00 $0.21 Note: ROAE, ROAA, Earnings Per Share, and Dividends Per Share data as of September 30, 2015 LTM 34.1% 378.5% 470.0% 527.8% Profitable Growth Strong loan growth has help
Slide 9: Opportunity for Continued Strong Organic Growth
OPPORTUNITY For Continued STRONG ORGANIC GROWTH Highlights As the impact of the financial crisis waned in late 2011, the Company began to refocus on growth Hired Mike Syrek as CLO Developed expertise and platform to bank more sophisticated C&I relationships Hired additional talented bankers in Lynch
Slide 10: Attractive Potential for Strategic Growth
ATTRACTIVE POTENTIAL FOR STRATEGIC GROWTH Highlights There are 16 banks with under $300MM in assets operating in our target market area Many of these companies are struggling to adjust to the new business and regulatory environment for community banks Many management teams are older and looking for
Slide 11: Strong Balance Sheet Growth
STRONG BALANCE SHEET GROWTH Recent Balance Sheet Performance
Slide 12: Attractive Balance Sheet Mix
Attractive Balance Sheet Mix (1) For average balances during the quarter ended September 30, 2015; reported average cost of interest-bearing (IB) deposits Current Loan Portfolio Current Deposit Portfolio The Bank has a conservative loan book and is focused on profitable loan growth with manageable r
Slide 13: Asset Quality
ASSET QUALITY Strong Loan Quality (1) Low Nonperforming Assets (2) (1) Loan loss reserve (“LLR”) to gross loans held for investment (2) Excluding troubled debt restructurings
Slide 14: Strong, Stable Net Interest Margin
Strong, stable net interest margin Recent Net Interest Margin Performance
Slide 15: Strong Financial Performance
STRONG FINANCIAL PERFORMANCE Efficiency Ratio Noninterest Expense / AA Noninterest Income / Average Assets ROAA and ROAE
Slide 16: Pro Forma Balance Sheet
PRO FORMA BALANCE SHEET Highlights The Company has a relatively low level of tangible common equity when compared to peers The offering will increase its TCE to peer levels The Company will use most of the proceeds of this offering to retire its holding company notes The immediate impact of retiring
Slide 17: Investment Considerations
INVESTMENT CONSIDERATIONS Attractive Market Opportunity Affluent market area with steady growth opportunities Recent expansion into attractive Charlottesville and Harrisonburg MSAs Big banks have lost focus on these markets Opportunity to attract dislocated customers and bankers Track Record of Stro
Slide 18: Historical Financials
9 HISTORICAL FINANCIALS Bank: The James Dollars in thousands, except share data ‘September 30, 2010 2011 2012 2013 2018 2015 Balance Sheet Highlights fotal Assets s 418,928 $ 427,436 441,381 $434,511 460,865 $ 507,615 Total Net Loans 320,715 319,188 320,826 341,915 305,603 873 Total Equity 25,405 26
Slide 19: PIPE Offering November 2015
NASDAQ: BOTJ Investor Presentation PIPE Offering November 2015
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