Kish Bancorp, Inc. · OTC:KISB
Kish Bancorp — Shareholder Meeting (May 2022)
30 slides from Kish Bancorp's shareholder meeting presentation, May 6, 2022
Slide 1: 2022 Annual Shareholder Meeting
Powered by eople. E.XISH expect more. 2022 ANNUAL SHAREHOLDER MEETING
Slide 2: Welcome & Call to Order
Welcome & Call to Order 2
Slide 3: Mission
Mission To achieve sustained success through an unwavering focus on fulfilling our clients’ financial needs. 3
Slide 4: Class 3 Directors
Class 3 Directors Class 3 Directors Whose Terms Expire in 2022 Director of Name Principal Occupation Corporation/Bank Since Michael K. Halloran Principal, Advent Medical 2022/2022 Kathleen L. Rhine President and CEO, Mount Nittany Health 2019/2019 George V. Woskob Founder and Owner, GN Associates 20
Slide 5: Class 1 and 2 Directors
Class 1 and 2 Directors Class of 2023 Class of 2024 • Eric J. Barron • William P. Hayes • William L. Dancy • William S. Lake • Gregory T. Hayes • Frances V. Vaughn • Paul G. Howes • James A. Troha • Paul H. Silvis 5
Slide 6: 2021 in Review
2021 in Review 6
Slide 7: The Impact of COVID-19
The Impact of COVID-19 • Customers • Team • Operations • Community 7
Slide 8: The Impact of COVID-19
The Impact of COVID-19 • 1,271 total PPP Loans • A total of $112 million in PPP Loans • The high point for Commercial and Consumer loan deferrals was September 30, 2020, that totaled 297 loans for $120 million. 8
Slide 9: Markets
Markets Mifflin Deposit Market Share • 7 locations • Ranked #1 with 44.75% of deposit market share Market Deposits Market Total Huntingdon County Share in Market Share Market • 3 locations Rank ($000) (%) ($000) • Ranked #2 with 23.90% of deposit market share Mifflin, PA 1 450,080 44.75% 1,005,687 C
Slide 10: Accelerating Growth Over Time
Accelerating Growth Over Time Total Assets ($ in millions) Total Gross Loans ($ in millions) $1,300 $1,233 $900 $882 $1,200 $771 $1,107 $800 $1,100 $690 $1,000 $700 $918 $637 $900 $851 $600 $576 $811 $800 $725 $496 $697 $500 $452 $700 $660 $630 $420 $387 $600 $558 $400 $358 $500 $300 2012 2013 2014
Slide 11: Asset Quality
Asset Quality Loan Delinquency (% of total loans) Net Charge-Offs / Average Loans 1.60% KISB Peers¹ 0.20% 0.17% KISB Peers¹ 1.40% 1.31% 1.26% 0.15% 1.20% 0.11% 0.94% 0.10% 1.00% 0.06% 0.80% 0.05% 0.60% 0.00% 0.00% 0.00% 0.00% 0.40% 0.22% 2015 2016 2017 2018 2019 2020 2021 0.20% 0.06% 0.08% 0.07% -0.
Slide 12: Profitability
Profitability Net Income ($ in thousands) Net Interest Income ($ in thousands) 10,500 9,881 35,000 33,389 9,500 31,108 8,039 30,000 27,538 8,500 25,757 7,007 6,030 25,000 23,101 7,500 20,868 19,661 6,500 4,617 20,000 4,494 4,140 5,500 15,000 4,500 10,000 3,500 2,500 5,000 2015 2016 2017 2018 2019 20
Slide 13: Bank & Non-Bank Fee Income Expansion
Bank & Non-Bank Fee Income Expansion • Bank and Non-Bank Business Revenues Non-Interest Income ($ in thousands) – Diversified sources of revenue 11,346 – Wealth Management 11,000 10,123 • 2021 revenue up 19.28% year over year 9,000 8,502 7,440 – Kish Insurance recurring revenue 6,748 7,096 6,423 7,0
Slide 14: Return on Equity and Price/Tangible Book
Return on Equity Price/Tangible Book 16.00% KISB Peers¹ 250% KISB Peers¹ 14.08% 14.00% 12.90% 200% 11.56% 12.00% 10.71% 143.60% 150% 136.20% 131.40% 10.00% 8.89% 125.30% 8.54% 107.70% 111.00% 112.10% 8.00% 7.45% 100% 6.00% 50% 4.00% 2.00% 0% 2015 2016 2017 2018 2019 2020 2021 2015 2016 2017 2018 201
Slide 15: Capital Summary
Capital Summary • Quality • Appropriate leverage • Retained earnings increased 10% year-over-year • Performance that engenders trust • Risk Management Data as of December 31, 2021 15
Slide 16: 2021 to 2024 Strategic Plan
2021 to 2024 Strategic Plan 16
Slide 17: Core Philosophy
Core Philosophy “We believe that we can make the lives of those around us—our employees, our clients, and our communities—better.” 17
Slide 18: 2021 to 2024 Strategic Plan Summary
2021 to 2024 WHY “We believe that we can Strategic Plan make the lives of those Summary Growth Data-driven around us—our that sustains at our core employees, our clients, and our communities— better.” Human Collaboration Enabled at all levels Digital MISSION VISION To achieve sustained A Brand Kish
Slide 19: Data Driven at Our Core
Data Driven at Our Core • Build data analytics function and capacity • Increase client data utilization • Build a data centric organizational management structure 19
Slide 20: Growth That Sustains
Growth That Sustains • Expand what we do well • Execute on market expansion • Take advantage of market disruption • Respond to acquisition opportunities 20
Slide 21: Human Enabled Digital
Human Enabled Digital EXISH al
Slide 22: What is it?
What is it? • At Kish, the human enabled digital experience is a PROMISE to our clients that digital tools and technology will never replace the human relationships we have with our customers—it will enhance them. • Whether clients prefer a fully digital relationship, a more traditional in person ex
Slide 23: Human Enabled Digital
Human Enabled Digital • Adding digital tools and technology to improve every customer’s experience • Embracing a digital mindset as a core competency of our organization • Helping customers discover and adopt these tools to improve their lives 23
Slide 24: 2022 Objectives (The Critical Few)
2022 Objectives (The Critical Few) Data Driven at Our Core Growth That Sustains Human Enabled Digital Collect, manage, and analyze Drive profitable growth that Expand the boundaries of data that improves every sustains long term community financial services solution, decision, and shareholder perfor
Slide 25: Shareholder Focus
Shareholder Focus • Strong organic revenue growth and scalable infrastructure leading to double-digit growth in EPS (21.25%) and return on shareholder equity (14.08%) 1 • Net income of $9.88 million in 2021, compared to $4.1 million in 2017 1 • Earnings per share of $3.88 in 2021 compared to $1.69 i
Slide 26: Retaining a Strong Board
Retaining a Strong Board 26
Slide 27: Questions?
Questions? 27
Slide 28: Voting Results
Voting Results 28
Slide 29: Congratulations, Directors!
Congratulations, Directors! 29
Slide 30: People.
People. EXXISH expect more 2022 ANNUAL SHAREHOLDER MEETING