Hbt Financial, Inc. · NASDAQ:HBT
Hbt Financial — Corporate Update (April 2020)
17 slides from Hbt Financial's corporate update, Apr 30, 2020
Slide 1: COVID-19 Response and Impact Overview
STRICTLY PRIVATE AND CONFIDENTIAL COVID-19 Response and Impact Overview A p r i l 2020 HBT Financial, Inc.
Slide 2: Forward-Looking Statements
Forward-Looking Statements Certain statements contained in this presentation are forward-looking statements. Forward-looking statements may include statements relating to our future plans, strategies and expectations, as well as the economic impact of COVID-19 and the related impacts on our future f
Slide 3: COVID-19 Response Overview
COVID-19 Response Overview 4 1 2 3 Capital and Liquidity Overview Customer, Community, and Employee Support Efforts Impact of COVID-19 in Illinois Loan Portfolio Overview 2 Net Interest Margin 5 Near-Term Outlook 6
Slide 4: Customer, Community, and Employee Support Efforts
Customer, Community, and Employee Support Efforts 3 Initial Response ◼ Business Continuity Plan (BCP) activated ◼ Executive leaders began meeting daily to discuss COVID-19 considerations ◼ Enhanced disinfecting and cleaning protocols implemented at all facilities Customer and Community Initiatives ◼
Slide 5: Impact of COVID-19 in Illinois
Impact of COVID-19 in Illinois 4 Source: Company reports, U.S. CDC, and the Illinois Department of Public Health (IDPH); COVID-19 case data through April 22, 2020 Confirmed COVID-19 Cases in Illinois by County Gross Loan Mix by MSA, 1Q20 ($2.13 billion balance) Chicago 49% Bloomington- Normal 24% Ch
Slide 6: Loan Portfolio Overview: Commercial Real Estate
Loan Portfolio Overview: Commercial Real Estate 5 ◼ $950 million portfolio as of March 31, 2020 ➢ $541 million in non-owner occupied CRE primarily supported by rental cash flow of the underlying properties ➢ $232 million in construction and land development loans primarily to developers to sell upon
Slide 7: Loan Portfolio Overview: Commercial
Loan Portfolio Overview: Commercial 6 ◼ $299 million C&I loans outstanding as of March 31, 2020 ➢ For working capital, asset acquisition, and other business purposes ➢ Underwritten primarily based on borrower’s cash flow and majority further supported by collateral and personal guarantees; loans bas
Slide 8: Loan Portfolio Overview: Agriculture and Farmland
Loan Portfolio Overview: Agriculture and Farmland 7 ◼ $229 million portfolio as of March 31, 2020 ➢ 43% production, of which most is corn and soybeans ➢ 57% real estate loans secured by farmland ◼ Federal crop insurance programs mitigate production risks ◼ No customer accounts for more than 4% of ag
Slide 9: Loan Portfolio Overview: 1-4 Family Residential Mortgage
Loan Portfolio Overview: 1-4 Family Residential Mortgage 8 ◼ $314 million in-house portfolio as of March 31, 2020 ◼ Loan modifications offered in the form of 3 months interest only payments, 2 months of payment deferrals, or forbearance ➢ As of 4/24/2020, made 94 loan modifications for $11 million o
Slide 10: Loan Portfolio Overview: Asset Quality and Reserves
Loan Portfolio Overview: Asset Quality and Reserves 9 ◼ At March 31, 2020, non-performing assets were $19.8 million, or 0.62% of total assets compared to $24.1 million, or 0.74% of total assets at December 31, 2019 ◼ As of 4/24/20, completed 360 payment modifications on loans with balances totaling
Slide 11: Capital and Liquidity Overview
Capital and Liquidity Overview 10 CET 1 Risk-based Capital Ratio (%) Leverage Ratio (%) Tangible Common Equity to Tangible Assets (%)1 Liquidity Sources 12.21 12.09 12.71 12.15 12.44 2016 2017 2018 2019 1Q20 9.93 9.94 10.80 10.38 10.70 2016 2017 2018 2019 1Q20 8.94 8.94 9.67 9.49 9.81 2016 2017 2018
Slide 12: Net Interest Margin
Net Interest Margin 11 ◼ The 150-basis point reduction in the target federal funds rate in March 2020 is expected to continue placing downward pressure on the net interest margin in 2020 ◼ 50% of the loan portfolio matures or reprices within the next 12 months ◼ 41% of variable rate loans have floor
Slide 13: Near-Term Outlook
Near-Term Outlook 12 ◼ Active participant in the Paycheck Protection Program (PPP); through April 24, 2020: ➢ 1,129 loans approved and funded for $141 million ➢ Average loan size of $125 thousand and median loan size of $48 thousand ➢ Fees of $5.6 million expected for loans funded ➢ Round two applic
Slide 14: Appendix
Appendix HBT Financ
Slide 15: Non-GAAP Reconciliations: Net Interest Margin (Tax Equivalent Basis)
Non-GAAP Reconciliations 14 Net Interest Margin (Tax Equivalent Basis) Net interest income (tax equivalent basis) Q1 2020 2019 2018 2017 2016 ($ thousands) Net interest income $ 30,662 $ 133,800 $ 129,442 $ 120,998 $ 121,101 Tax-equivalent adjustment (2) 463 2,309 2,661 5,527 5,468 Net interest inco
Slide 16: Non-GAAP Reconciliations: Tangible Common Equity
Non-GAAP Reconciliations 15 Tangible Common Equity Q1 2020 2019 2018 2017 2016 Total stockholders' equity ($ thousands) $ 339,813 $ 332,918 $ 340,396 $ 323,916 $ 326,246 Less: Goodwill 23,620 23,620 23,620 23,620 23,620 Less: Core deposit intangible assets, net 3,713 4,030 5,453 7,012 8,928 Tangible
Slide 17: HBT Financial, Inc.
HBT Financial, Inc.