Juniata Valley Financial Corp. · OTC:JUVF
Juniata Valley Financial — Shareholder Meeting (May 2014)
51 slides from Juniata Valley Financial's shareholder meeting presentation, May 21, 2014
Slide 1: Annual Shareholders Meeting 2014
Annual Shareholders Meeting 2014
Slide 2: Forward-looking information disclaimer
The presentation may contain “forward looking” information as defined by the Private Securities Litigation Reform Act of 1995 . When words such as “believes”, “expects”, “anticipates” or similar expressions are used in this release, Juniata Valley is making forward - looking statements . Such inform
Slide 3: Chairman of the Board of Directors Timothy I. Havice
Chairman of the Board of Directors Timothy I. Havice
Slide 4: President and Chief Executive Officer Marcie A. Barber
President and Chief Executive Officer Marcie A. Barber
Slide 5: Juniata Valley Financial Corp. Signs of Progress
Juniata Valley Financial Corp. Signs of Progress
Slide 6: Water Street sign picture note
Can we put the same picture of Water Street’s sign that is on the front cover of the report?
Slide 7: It was the best of times, it was the worst of times
“It was the best of times, it was the worst of times….” Charles Dickens
Slide 8: Executive Vice President and Chief Financial Officer JoAnn N. McMinn
Executive Vice President and Chief Financial Officer JoAnn N. McMinn
Slide 9: Key Financial Ratios 2012 vs 2013
Key Financial Ratios For Year 2012 For Year 2013 Change Return on Average Assets 0.80% 0.89% 11.3% Return on Average Equity 7.33% 8.07% 10.1% Net Interest Margin (fully tax equivalent) 3.68% 3.53% (4.1)% Loan Loss Provision as % of Average Assets 0.31% 0.09% 71.0% Non - Interest Income (excludes sec
Slide 10: Balance Sheet: More change than initially apparent
Balance Sheet More change than initially apparent Assets 12/31/13 12/31/12 Cash $8,613 $14,397 Investments 132,434 128,911 Loans (net) 275,511 274,219 OREO 281 428 Other 31,943 30,914 Total $448,782 $448,869 • Loans – Increase in commercial lending portfolio • 38.4% in 2012 • 43.3% in 2013 – Decreas
Slide 11: Total Loan Advances
Total Loan Advances (in millions, net of loans sold) - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 Personal Installment Loans Home equity products Consumer real estate loans Business real estate loans Business loans Tax-free loans 2011 2012 2013 31% 5% 72% - 6% - 5% 44% 47% 29% 10% 109%
Slide 12: Signs of Improvement in Non-Performing Loans
Signs of Improvement in Non - Performing Loans - 2,000 4,000 6,000 8,000 10,000 12,000 2008 2009 2010 2011 2012 2013 2014 Q1 1,919 3,998 6,971 10,690 9,588 6,978 6,503 Non - Performing Loan Balances, in Millions
Slide 13: Non-Performing Loans declining steadily over last quarters
Non - Performing Loans declining steadily over last 8 quarters 9,968 6,503 4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 1 2 3 4 5 6 7 8 TOTAL NON - PERFORMING LOANS
Slide 14: Key Financial Ratios 2013 vs Q1 2014
Key Financial Ratios For Year 2013 Q1 2014 Change Return on Average Assets 0.89% 0.81% (9.0)% Return on Average Equity 8.07% 7.17% (11.2)% Net Interest Margin (fully tax equivalent) 3.53% 3.52% (0.3)% Loan Loss Provision as % of Average Assets 0.09% 0.02% 77.8% Non - Interest Income (excludes securi
Slide 15: Performance Comparisons To Peer Groups
Performance Comparisons To Peer Groups Important to assess our performance against other financial institutions of our relative size who are experiencing similar regulatory and compliance governance.
Slide 16: Selected Local Peers
Selected Local Peers Geographic Peers of similar size and complexity – CBTC - CBT Financial Corporation – CCFN – CCFNB Bancorp, Inc. – DIMC – Dimeco, Inc. – EMCF – Emclaire Financial Corp. – ENBP – ENB Financial Corp – FMFP – First Community Financial Corporation (* when possible ) – FRAF – Franklin
Slide 17: Performance Comparison: Return on Average Assets
Performance Comparison Return on Average Assets 0.50% 0.60% 0.70% 0.80% 0.90% 1.00% 1.10% 2011 Year 2012 Year 2013 Year 2014 Qtr 1 JUVF Selected Local Peers PA Banking Corps
Slide 18: Performance Comparison: Equity Ratios
Performance Comparison Equity Ratios 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% 2011 Year 2012 Year 2013 Year 2014 Qtr 1 JUVF Selected Local Peers PA Banking Corps 8.00% 8.50% 9.00% 9.50% 10.00% 10.50% 11.00% 11.50% 12.00% 2011 Year 2012 Year 2013 Year 2014 Qtr 1 JUVF Selected Local Peers PA Banking
Slide 19: Performance Comparison: Net Interest Margin
Performance Comparison Net Interest Margin (fully tax equivalent) 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% 4.20% 2011 Year 2012 Year 2013 Year 2014 Qtr 1 JUVF Selected Local Peers PA Banking Corps
Slide 20: Performance Comparison: Loan Loss Provision
Performance Comparison Loan Loss Provision as % of Average Assets 0.00% 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% 0.35% 2011 Year 2012 Year 2013 Year 2014 Qtr 1 JUVF Selected Local Peers PA Banking Corps
Slide 21: Performance Comparison: Non-Interest Income
Performance Comparison Non - Interest Income as % of Average Assets 0.50% 0.60% 0.70% 0.80% 0.90% 1.00% 1.10% 2011 Year 2012 Year 2013 Year 2014 Qtr 1 JUVF Selected Local Peers PA Banking Corps
Slide 22: Performance Comparison: Non-Interest Expense
Performance Comparison Non - Interest Expense as % of Average Assets 2.00% 2.20% 2.40% 2.60% 2.80% 3.00% 3.20% 2011 Year 2012 Year 2013 Year 2014 Qtr 1 JUVF Selected Local Peers PA Banking Corps
Slide 23: Credit Quality Statistics
Credit Quality Statistics • High Focus on Reduction and Prevention of Non - Performing Assets. • Definition of Non - Performing Asset – Loan that has been placed in non - accrual status. – Loan that is accruing but is more than 90 days delinquent in scheduled payments. – Performing loan that is a tr
Slide 24: Quarterly Comparison: Non-Performing Assets as % of Equity
Quarterly Comparison Non - Performing Assets as % of Equity (includes Non - Accrual, OREO, TDR and 90 Day Delinquencies still Accruing) 10.00% 12.00% 14.00% 16.00% 18.00% 20.00% 22.00% 24.00% 2011 Year 2012 Year 2013 Year 2014 Qtr 1 JUVF Selected Local Peers PA Banking Corps
Slide 25: Capital Strength
Capital Strength • Regulatory Measurement of Capital Adequacy • JUVF Capital levels support the level of dividends being maintained. The dividend yield is among the highest, as depicted on a slide to follow • Total Return on Investment continues to be strong in comparison to both peer groups.
Slide 26: Performance Comparison: Risk-Based Capital Ratios
Performance Comparison Risk - Based Capital Ratios 13.00% 14.00% 15.00% 16.00% 17.00% 18.00% 19.00% 20.00% 2011 Year 2012 Year 2013 Year 2014 Qtr 1 JUVF Selected Local Peers PA Banking Corps
Slide 27: Stockholder Total Return – Year Assumptions
Stockholder Total Return – 5 Year Assumptions • Investment made on 03/31/2009 • Selected Local Peers Include: – CBTC - CBT Financial Corporation – CCFN – CCFNB Bancorp, Inc. – DIMC – Dimeco, Inc. – EMCF – Emclaire Financial Corp. – ENBP – ENB Financial Corp – FMFP – First Community Financial Corpora
Slide 28: Five Year Total Return Performance vs National Index and Peers
03/31/2009 – 03/31/2014 Stock – Five Year Total Return Performance Compared to National Index and Selected Local Peers
Slide 29: Performance Comparison: Dividend Yield
Performance Comparison Dividend Yield 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% 5.50% 2011 Year 2012 Year 2013 Year 2014 Qtr 1 JUVF Selected Local Peers PA Banking Corps
Slide 30: President and Chief Executive Officer Marcie A. Barber
President and Chief Executive Officer Marcie A. Barber
Slide 31: Juniata Valley Financial Corp. Signs of Progress
Juniata Valley Financial Corp. Signs of Progress
Slide 32: Slide 32
Slide 33: idLOCK
idLOCK STANDARD SECURE ID CHECKINGS~\_ Your home for mortgages.
Slide 34: Business Lending
Business Lending JVB asked me to mind my own business. - Small Business Loans - Online Business Banking - Remote Deposit Capture www. Wiawlboe com [1 ‘855. 582. 5101
Slide 35: Total Loan Advances
Total Loan Advances (in millions, net of loans sold) - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 Personal Installment Loans Home equity products Consumer real estate loans Business real estate loans Business loans Tax-free loans 2011 2012 2013
Slide 36: Loan Participations
Loan Participations
Slide 37: JVB Southwood Office Centre
. JVB Southwood Office Centre
Slide 38: Mortgage Lending
Mortgage Lending JVB politely " told us it’s time to go home. ] mejuniata Valley Bank ag 2 www.jvbonline.com | 1.855.582.5101 - Mortgage Loans + New Construction Loans, - Home Equity Loans
Slide 39: Consumer Lending
Consumer Lending JVB told the both of us to take a hike. ] meJuniata Valley Bank + Personal Loans + Lines of Credit ~ Home Equity Loans
Slide 40: Enjoying Retirement – Living Well
Enjoying Retirement – Living Well
Slide 41: Electronic Services
Electronic Services JVB said I really know how to push their buttons. - Online Banking - Online Statements JVB - ATM Banking ] | nejuniata fc ¥, Valley Bank y Yh www.jvbonline.com | 1 855.582.5101
Slide 42: Mobile Banking and Money Services
JVB told me to hit the road. + Mobile Banking + Text Message Banking + Mobile Apps ind j , www.jvbonline.com | 1.855.582.5101 JVB requested that I get myself a transfer. § - POP Money Services ) - Transfer Funds Anywhere )} | - Receive Remote Payments
Slide 43: How many people know your Social Security number?
How many people know your Social Security number?
Slide 44: In the News: Identity Thief
In the News Identity Thief How a Texas man bankrolled an extravagant lifestyle until authorities caught up to him. Details SECURI More News & Features 04.71.74 Miami: Two sentenced to prison in identity theft scheme involving patients’ personal information. 03.28.74 Kansas City: Man charged with ste
Slide 45: Francis J. Evanitsky
Francis J. Evanitsky
Slide 46: Resolution honoring Francis J. Evanitsky
RESOLUTION The following resolution was adopted by the Board of Directors of The Juniata Valley Bank and Juniata Valley Financial Corp . at their April 15 , 2014 meetings : WHEREAS, Francis J . Evanitsky will retire as Director of The Juniata Valley Bank and Juniata Valley Financial Corp . effective
Slide 47: Hurdles
Hurdles • Increasing costs of regulation • Limitations imposed by Consumer Protection • Increasing Financial Disclosures • Higher Capital Requirements • Weakened economy • Flat yield curve
Slide 48: Sustainable Growth
Sustainable Growth Related Terms: Financial Ratios In simple terms and with reference to a business, sustainable growth is the realistically attainable growth that a company could maintain without running into problems. A business that grows too quickly may find it difficult to fund the growth. A bu
Slide 49: Capital Strength
Capital Strength • Regulatory Measurement of Capital Adequacy • Necessary to support growth in Assets • Growth in Assets is necessary to support growth in earnings • Growth in Earnings is necessary to support growth in shareholder value.
Slide 50: Performance Comparison: Risk-Based Capital Ratios
Performance Comparison Risk - Based Capital Ratios 13.00% 14.00% 15.00% 16.00% 17.00% 18.00% 19.00% 20.00% 2011 Year 2012 Year 2013 Year 2014 Qtr 1 JUVF Selected Local Peers PA Banking Corps
Slide 51: Juniata Valley Financial Corp. Signs of Progress
Juniata Valley Financial Corp. Signs of Progress
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