Peoples Bancorp Of North Carolina, Inc. · NASDAQ:PEBK
Peoples Bancorp Of North Carolina — Southeast 2008 Super-Community Bank Conference
18 slides from Peoples Bancorp Of North Carolina's conference presentation, Feb 11, 2008
Slide 1: Southeast 2008 Super-Community Bank Conference
Peoples Bancorp OF NORTH CAROLINA, INC Southeast 2008 Super -Community Bank Conference February 12, 2008
Slide 2: Forward-looking Statements
NASDAQ: PEBK www.peoplesbanknc.com Peoples Bancorp has made forward-looking statements in the accompanying presentation materials that are subject to risks and uncertainties. These statements are based on the beliefs and assumptions of the management of Peoples Bancorp, and on the information availa
Slide 3: About Peoples Bank
NASDAQ: PEBK www.peoplesbanknc.com About Peoples Bank 96 year operating history Total Assets of $906 million at December 31, 2007 HQ in Newton, NC (40 miles north of Charlotte) 21 offices -- 20 within a 50 mile radius of Charlotte Banco de la Gente = Latino Banking Division Initiated in 2004 Opened
Slide 4: Peoples Bancorp of NC, Inc.
NASDAQ: PEBK www.peoplesbanknc.com Peoples Bancorp of NC, Inc. Formed in 1999 as a one bank HC for Peoples Bank Bank Subsidiaries Real Estate Advisory Services, Inc. Peoples Investment Services, Inc. n n n n
Slide 5: Branch Network: Offices in counties
NASDAQ: PEBK www.peoplesbanknc.com Branch Network: 21 Offices in 7 counties
Slide 6: Strategic Focus
NASDAQ: PEBK www.peoplesbanknc.com Strategic Focus Grow Core Deposits Growth in Existing Markets Expand Banco de la Gente Identify expansion opportunities using Store-front or Traditional Branches Hire Market Leaders to expand in high growth markets (LPO’s) n n n n n
Slide 7: Primary Market Area: Catawba and Lincoln Counties
NASDAQ: PEBK www.peoplesbanknc.com Primary Market Area: Catawba and Lincoln Counties ’07 Rank Institution (ST) ’07 # Branches ‘07 Deposits in Market ($000) ‘07 Market Share 1 BB&T Corp. (NC) 13 759,341 23.1% 2 Peoples Bancorp of NC Inc. 15 604,205 18.4% 3 Wachovia Corp. (NC) 6 426,606 13.0% 4 Bank o
Slide 8: Expanding into Growth Markets
NASDAQ: PEBK www.peoplesbanknc.com PEBK Dep. in Dep. Market Proj. Pop. Med. HH Income Proj. HH No. of Market Share 2007-2012 2007 Income Δ% County Rank Branches ($000) (%) (%) ($) (%) Catawba 2 11 456,068 18.99 5.54 49,596 13.56 Lincoln 3 3 148,137 16.70 9.63 49,819 11.84 Alexander 5 1 44,841 13.04
Slide 9: Banco de la Gente Identified an Untapped Market
NASDAQ: PEBK www.peoplesbanknc.com Banco de la Gente Identified an Untapped Market 10% of our market (as of 2004) 57% of Latinos did not have a bank account Latinos need basic transactions and help building credit 4 Offices: Charlotte (2), Monroe and Raleigh Source of Non-Interest Income and Mortgag
Slide 10: Consistent Balance Sheet Growth
NASDAQ: PEBK www.peoplesbanknc.com * CAGR = Compound annual growth rate 2002-2007 Consistent Balance Sheet Growth
Slide 11: Improved Earnings Growth
NASDAQ: PEBK www.peoplesbanknc.com 5-Year EPS CAGR* = 29.9% *CAGR - compound annual growth rate 2002 - 2007 Improved Earnings Growth
Slide 12: Improved Asset Quality
NASDAQ: PEBK www.peoplesbanknc.com Improved Asset Quality
Slide 13: Loan Portfolio Composition at December 31, 2007
NASDAQ: PEBK www.peoplesbanknc.com 1% CRE is 61% Owner-occupied Construction = • 33% Residential • 13% Commercial • 54% Land Development 1-4 Res. RE Construction CRE Consumer HELOC MultiFam/Land C&I Loan Portfolio Composition at December 31, 2007
Slide 14: Deposit Analysis
NASDAQ: PEBK www.peoplesbanknc.com Lower cost = Transaction accounts + MM + savings CAGR = Compound annual growth rate 2002-2007 millions 5 year CAGR’s: Deposit Analysis
Slide 15: Total Revenue
NASDAQ: PEBK www.peoplesbanknc.com $’s in millions Total Revenue
Slide 16: Management Profile
NASDAQ: PEBK www.peoplesbanknc.com Name Title Years at Peoples Years in Banking Age Tony W. Wolfe President and CEO 18 39 61 Lance A. Sellers EVP, Chief Credit Officer 10 24 45 A. Joseph Lampron EVP, Chief Financial Officer 6 20 53 William D. Cable EVP, Chief Operations Officer 13 18 39 Joseph F. Be
Slide 17: Company Strengths
NASDAQ: PEBK www.peoplesbanknc.com Company Strengths Local bankers: well established in the local markets Local decision making authority Active and motivated Board Effective sales culture Commitment to technology and up-to-date delivery channels Active in our communities - local governments along w
Slide 18: Investment Highlights
NASDAQ: PEBK www.peoplesbanknc.com Investment Highlights Established Reputation Growth initiatives both in and outside of current markets History of strong profitability History of stock dividends and increasing cash dividends; attractive yield n n n n
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