Unity Bancorp, Inc. · NASDAQ:UNTY
Unity Bancorp — Shareholder Meeting (May 2021)
14 slides from Unity Bancorp's shareholder meeting presentation, May 13, 2021
Slide 1: 2021 Shareholders' Meeting
w Unity BANCORP INC 2021 Shareholders’ Meeting May 13, 2021
Slide 2: Financial Highlights
Financial Highlights wy $2.14 $2.19 $23.7 $23.6 2019 2020 2019 2020 @ Net Income Diluted EPS
Slide 3: Financial Highlights
Financial Highlights S028 $1,558 $1,426 $1,250 2019 2020 2019 2020 § Total Loans § Total Deposits « Total Loans — 14.2% increase + Total Deposits — 24.6% increase * 9.8% increase in commercial loans + 64.3% increase in noninterest-bearing demand deposits + 6.8% increase in consumer loans + 28.3% inc
Slide 4: Total Loans
Total Loans (dollars in millions) $1,800.00 $1,628 $1,600.00 set $1,400.00 $153 $144 es $1,171 a | $468 $1,000.00 $973 _ $110 ae $91 S488 | $800.00 $365 $289 $600.00 - ‘$400.00 $200.00 s- 2016 2017 2018 2019 2020 Commercial «Residential “Consumer «PPP &SBA
Slide 5: Total Deposits
Total Deposits (dollars in millions) $1,800.00 $1,600.00 $1,400.00 $1,200.00 +- L $1,000.00 + $946 $800.00 S265 ” } $600.00 $400.00 + $200.00 $- . . . + 2016 2017 2018 2019 2020 Time deposits interest-bearing & SAV deposits Noninterest-bearing deposits
Slide 6: Summary Income Statement and Profitability
Summary Income Statement and Profitability (dollars in millions) |Net Interest Income Is 57.6 $ 64.4 Provision for Loan Losses 21 7.0 |Noninterest Income 9.6 12.9 |Noninterest Expense 34.7 39.3 Provision for Income Taxes 6.7 74 |Net Income is 23.7 $ 23.6 Diluted Earnings Per Share iS 2.14 $ 2.19 Ret
Slide 7: Net Interest Income & Net Interest Margin
Net Interest Income & Net Interest Margin (dollars in millions) 3.97% $80.00 a stad $70.00 = ee, 3.50% $60.00 $51.6 $53.8 3.00% $50.00 $40.00 $38.3 2.50% $30.00 2.00% $20.00 1.50% $10.00 S- 1.00% 2016 2017 2018 2019 samt Net Interest Income =4i=Net Interest Margin
Slide 8: Noninterest Income
Noninterest Income (dollars in thousands) Branch fee income Service and loan fe income Gain on sale of SBA loans held for sale, net Gain on sale of mortgage loans, net 1,046 1,742 1,642 6,344 613 93 1,466 Total noninterest income 9,539 | $ 12,946
Slide 9: Noninterest Expense
Noninterest Expense (dollars in millions) $50.00 — SS Bae | 2.50% $45.00 $40.00 2.00% $35.00 $30.00 1.50% $25.00 $20.00 1.00% $15.00 $10.00 0.50% $5.00 Ss 0.00% 2016 2017 2018 2019 2020 ssctNoninterest Expense _~it~Noninterest Expense/Average Assets
Slide 10: Noninterest Expense
Noninterest Expense (dollars in thousands) 2019 ‘Compensation and benefits $ 20,666 |$ 23,124 Processing and communications 2.924 3,155 Furniture and equipment 2,894 2,606 Occupancy 2,650 2,543 BSA expenses : 1,800 Professional services 1,061 1144 Advertising 1358 906 Director fees 673 774 Other loa
Slide 11: Profitability
Profitability $2.50 $2.14 $2.19 $2.01 $2.00 $1.50 $1.38 $136 $1.00 $0.50 303 $0.1 $0.2 $0.2 s- - 1 : ; 1 2016 2017 2018 2019 2020 i Dividends Per Share Diluted EPS a
Slide 12: Capital Ratios
Capital Ratios 2020 CBLR * excluding PPP loans Average equity to average assets excluding PPP loans 10.05% * To be well-capitalized , a banking entity must maintain a CBLR of 8% or greater starting in the second quarter 2020, 8.5% for calendar year 2021, and 9% thereafter.
Slide 13: As of March 31, 2021
As of March 31, 2021 y Net income Net income (in thousands) $ 8,496 Net income per common share - Diluted | $ 0.80 Operating Ratios Retum on average assets 1.85 % Return on average equity 19/51 Efficiency ratio 45.74 Net interest margin 4.09
Slide 14: Questions?
Questions?