Eagle Bancorp Montana, Inc. · NASDAQ:EBMT
Eagle Bancorp Montana — D.A. Davidson's Rocky Mountain Bank Tour September 2020
26 slides from Eagle Bancorp Montana's conference presentation, Sep 29, 2020
Slide 1: D.A. Davidson's Rocky Mountain Bank Tour, September 2020
gE , a * EAGLE BANCORP Opportunity Bank MONTANA D.A. DAVIDSON’S ROCKY MOUNTAIN BANK TOUR SEPTEMBER 2020
Slide 2: Cautionary Notice Regarding Forward-Looking Statements
CAUTIONARY NOTICE REGARDING FORWARD- LOOKING STATEMENTS ‘Cernin satements contained inthis presenaton that are not statements of storia fact are forwaréJookig statements. These forwardookirg statements, whchare based oncerain assumpsonsand describe ur feture plans stratepes and expectations can gene
Slide 3: Community Focused Institution
COMMUNITY FOCUSED INSTITUTION Eagle Bancorp Montana, Inc. is the holding company for Opportunity Bank of Montana; established in 1922, the Bank is the 4* largest bank headquartered in Montana with 23 banking offices and has deeply embedded itself as the bank of choice within the community Continued
Slide 4: Company Overview
COMPANY OVERVIEW Q 23 branches in Montana operating under the Company's banking subsidiary - Opportunity Bank of Montana Q Balance Sheet (6/30/20): = Assets $1.248 billion = Gross Loans $840.8 million = Deposits $955.4 million * Total equity $141.5 million O Asset Quality (6/30/20): = NPAs/assets —
Slide 5: Experienced Executive Management
EXPERIENCED EXECUTIVE MANAGEMENT Peter Johnson Presidentand CEO 38 years with the Company 41 years in banking é ChantelleNash SVP and Chief Risk Officer 13 years wth the Company 13 years in banking Laura Clark EVP and Chief Financial Officer 6 years weh the Company 43 years in banking Mark O'Neill S
Slide 6: Experienced Board
EXPERIENCED BOARD Year Director Experience Elected Peter J. Johnson President and CEO of Opportunity Bank and the Company 2007 Rick F. Hays Retired President of a Montana telecommunications company 2007 Thomas J. McCarvel Retired Vice President of Carroll College 1998 Maureen J. Rude Retired Executi
Slide 7: Business Strategy
BUSINESS STRATEGY a Continue to diversify our loan portfolio into commercial (C&l),commercial real estate and agriculture a Attract and retain lower-cost core deposits a Continue to expand our franchise through selective acquisitions and branch additions a Maintain high asset quality levels a Contin
Slide 8: Key Montana Markets — Helena, Missoula, Great Falls
® Garroll College See . Key Montana Markets — Helena, Missoula, Great Falls UNIVERSITY OF MONTANA Lewis and Clark County (Helena) Cascade County (Great Falls) Aan ettton (te) temas Deposits Share _Runk ston Ss) Gemhe Oepoie “Sewer Rank tution Seah T Gane breosre TT @ Trt iiesc basen) 33 aaa 20% Thea
Slide 9: Key Montana Markets — Bozeman, Billings, Butte
Key Montana Markets — Bozeman, Billings, Butte STATE UNIVERSITY Silver Bow (Butte) Antti te) Bede beposte Sue Ankit Ste) Trestintesic tS] 2 Fat tote Ocptom A) 3 Sextran Frarels Cop.) 2 WetsFayo Bea (C8) SUS doco iN Soserstaaesare M 1D Newtons Fnac US ne) Ntons opie (MT) 3 bridge BAT) + Faetronrsaeno
Slide 10: COVID-19 Impact
COVID-19 IMPACT CLIENTS Supporting the needs of our customers EMPLOYEES Ensuring health and safety of our team members OPERATIONS Ensuring safety of our customers ooooog a Updating customers through the website Fee waivers addressed upon request Loan modifications based on degree of need Active in S
Slide 11: COVID-19 Impact: Providing Relief to Customers
COVID-19 IMPACT PROVIDING RELIEF TO CUSTOMERS Modifications to Current Loan Modification Borrowers To Borrowers Mortgage Forbearance a $128.8 million, of which 2 $80.8 million are back in normal 2 Continue to work with all $76.9 million were 3 month loan status mortgage borrowers. deferrals and $51.
Slide 12: COVID-19 High Impact Industries
COVID-19 HIGH IMPACT INDUSTRIES $852 Million in Total Net Loans (as of September 21, 2020) ‘AvgLoan Size fygloan Avgloan Maxloan MaxLoan Max Loan Total Exposure (Wet of PPP Size (Netof Size (PPP (Wetof PPP al a Healthcare and Socal Assistance $1,363,708] _ $2,616,500] 527,651,81 ‘Nursing Homes 31,12
Slide 13: Company Developments
COMPANY DEVELOPMENTS 2 OnJanuary 1,2020 completed purchase of Western Bank of Wolf Point, in Wolf Point Montana. 2 OnJanuary 1,2019 completed purchase of The State Bank of Townsend, in Townsend, Montana. 2 OnJanuary31,2018 completed purchase of Ruby Valley Bank, Twin Bridges, Montana. a On October 1
Slide 14: An Expanding Franchise
AN EXPANDING FRANCHISE—EAGLE BANCORP MONTANA, INC. 9 Dic MM 2000 2000 2010 2012 2012-2016 2017 2018 2019 First Stage Second Acquisition Organic Acquisition Acquisition Acquisition Conversion Stage PO of 7 Branches, Growth OF of The State of Western from Sterling through new — RubyValley Bank of Bank
Slide 15: Financial Highlights
FINANCIAL HIGHLIGHTS 45
Slide 16: Net Interest Income & Net Interest Margin
NET INTEREST INCOME & NET INTEREST MARGIN $12,000 $10,000 $8,000 $6,000 $4,000 $2,000 $0 3Q17 4Q17 ncome in 000's 4.18% 3.95% 3.95% / il 1QI8 2QI8 3Q18 4Q18 MME Net Interest Income 16 433% 4.31% Lig I1QI9 2Q19 3QI9 4Q19 Net Interest Margin 1Q20 B.85%| 2Q20
Slide 17: Provision for Loan Losses
PROVISION FOR LOAN LOSSES $3,000 $2,500 $2,000 $1,500 $1,000 $500 $0 $ in 000's $1,303 2015 $2,627 $1,833 $1,228 | $980 2016 2017 2018 2019 Provision for Loan Losses F $1,897 YTD 2020
Slide 18: Balance Sheet Expansion
BALANCE SHEET EXPANSION $1,400 $1,248 $1,200 $1,054 $1,000 $955 $854 $809 pati « 779 $800 $674 s7 $627 $630 617 $600 $ | § 521 ae rab ssi $407] $400 $200 $0 1231/2015 1281/2016 1283172017 1281/2018 12812019 Assets =Total Loans ™ Deposits $ in millions 18
Slide 19: Loan Portfolio Detail
LOAN PORTFOLIO DETAIL Commercial, O) Since 2008, number of 13% | wai s 1 Commercial/Ag lenders has peskdential construction, increased from 4 to 30 Consumer, 1-4 family, a8 13% Q Total loans increased 12% Heme equity, comparing 6/30/20 to 6/30/19 QO C&l accounts for 15% of loan portfolio Ag. & QO) O
Slide 20: Funding Overview - Deposit Composition
FUNDING OVERVIEW- DEPOSIT COMPOSITION June 30, 2020 Deposit Mix - Rolling 8 Quarters Checking 50% Money Market 40% Savings 30% Interest Checking 20% 1 Non intrest Checking 10% | | oe i Savings 0% 17% 318 4018 1019 2019 3019 4019 1020 2020 100% + 90% + ime 80% | Certificates Non 70% | ] | Interest 60
Slide 21: 0.40% | | o30% 029% | | 0.21% 0.20% | 0.10% [ | |
0.40% | | o30% 029% | | 0.21% 0.20% | 0.10% [ | | | 0.00% ' ' _ = —_ 1231/2016 1231/2017 1231/2018 1B12019 6/30/2020 MEBMT = Peer Group Peer Groupincludes PFLX. RVSB, CSHX, FSBW. TSBK, SFBC, OVLY. CVCY, NRIM, BOCH. CZBC. SSBI. FNRN & AMRB SouronSeP-Global Mateck Intelligence a
Slide 22: CRE Risk Management
CRE RISK MANAGEMENT QO Executive Board Level Oversight of Approval Process Q Disciplined Underwriting O Proactive Portfolio Management QO Quarterly Stress Testing of CRE Portfolio O Independent Credit Review AGEN 2 EAGLE BANCORP
Slide 23: Yield and Cost of Funds
YIELD AND COST OF FUNDS 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% Peer Groupinelu Source S&P Globall Yield on Average Earning Assets | | | im | | = | | Bll ‘} | an ft | | 2OISY 216Y 2OI7Y 2018Y 2019Y 2Q20 MEBMT = Peer Group 0.60% 0.50% 0.40% 0.30% 0.20% 0.10% 0.00% Cost of Funds 201SY 2016Y 2017Y 20
Slide 24: Capital Strength
CAPITAL STRENGTH ($ in 000s) 2016Y 2017Y 2018Y 2019Y 6/30/2020 Total Assets $673,925 $716,782 $853,903 $1,054,260 $1,248,434 Total Common Stockholders' Equity $ 59,456 $ 83,616 $ 94,806 $ 121,659 $ 141,529 Total Regulatory Capital $ 71,900 $ 96,602 $104,186 $ 126,711 $ 153,978 Tier 1 Leverage Ratio
Slide 25: Year Stock Price Performance
5 YEAR STOCK PRICE PERFORMANCE Pree Change (%) Volume 100 ol a ae, So m6 17 wut sut9 20 -—— NASDAQ:EBMT: 58.24 % @ NASDAQ:EBMT-Vot — KBW Nasdaq Bank Index: 4.80 % Source: S&P Global Market Intelligence as of September 15, 2020 xz Information reflects the exchange as a result of the conversion and of
Slide 26: Eagle Bancorp Montana
4 EAGLE BANCORP MONTANA
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