First Capital, Inc. · NASDAQ:FCAP
First Capital — Investor Presentation (September 2019)
17 slides from First Capital's investor presentation, Sep 5, 2019
Slide 1: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This presentation and any oral statements in connection herewith may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by use of the words “e
Slide 2: Presented by: Bill Harrod and Chris Frederick
Presented by: Bill Harrod President and CEO 41 years in Banking 27 years with FCAP Current position since 2000 Chris Frederick Senior Executive VP and CFO 29 years in Banking CFO since 1997 Senior Executive VP since 2018 3
Slide 3: History of the Company
History of the Company Founded in 1891 as First Federal Savings and Loan Association of Corydon and renamed First Federal Bank in 1993. First Capital, Inc. was established as a bank holding company for First Federal Bank in 1998 and conducted a public stock offering the same year. Merger of equals b
Slide 4: Who we are: A Community Bank
Who we are: A Community Bank focused on high tech, high touch services located in Southern Indiana and Bullitt County, Kentucky Traditional Core Banking, Wealth Management, & First Harrison Mortgage Total Assets of $835 million 18 Branches 5
Slide 5: Diversified Economic Base
Diversified Economic Base Major Employers in Southern Indiana Amazon Floyd Memorial Baptist Health Greater Clark Schools U.S. Census Bureau River Ridge Commerce Center is a world-class business and manufacturing park with 6,000 prime acres under development in the Midwest’s top-ranked business envir
Slide 6: Net Income & Earnings Per Share
NET INCOME & EARNINGS PER SHARE 7 YTD Net Income 6/30/2019: $5,007 YTD Net Income 6/30/2018: $4,233 YTD Earnings Per Share 6/30/2019: $1.50 YTD Earnings Per Share 6/30/2018: $1.27 $5,594 $5,198 $6,864 $7,439 $9,253 $- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000 $10,000 12/31/2014
Slide 7: Total Assets & Return on Average Assets
TOTAL ASSETS & RETURN ON AVERAGE ASSETS 8 *Annualized (1) $472,761 $715,827 $743,658 $758,956 $794,162 $834,918 $- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 Total Assets (In Thousands) 1.22% 1.06% 0.94% 0.99% 1.19% 1.24% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20
Slide 8: Net Loans
NET LOANS 9 $300,603 $359,166 $381,154 $409,618 $434,260 $459,928 $- $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 6/30/2019 Net Loans (In Thousands)
Slide 9: Loan Composition
LOAN COMPOSITION 10 Residential real estate - $139,399 ( 30% ) Land - $22,432 ( 5% ) Construction - $32,469 ( 7% ) Commercial Real Estate - $110,366 ( 24% ) Commercial Business - $41,025 ( 9% ) Home Equity and 2nd Mortgage - $54,791 ( 12% ) Other Consumer - $59,446 ( 13% ) Loan Portfolio Composition
Slide 10: Nonperforming Assets to Total Assets; Net Charge-offs to Average Loans
NONPERFORMING ASSETS TO TOTAL ASSETS NET CHARGE-OFFS TO AVERAGE LOANS 11 *Nonperforming assets include nonaccrual loans, accruing loans that are 90 days or more past due, and foreclosed real estate. *Annualized (1) 0.70% 1.32% 1.04% 0.90% 0.78% 0.66% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% R
Slide 11: Total Deposits & Cost of Funds
TOTAL DEPOSITS COST OF FUNDS 12 *Annualized (1) $412,636 $637,177 $664,650 $664,562 $701,646 $734,627 $- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 Total Deposits (In Thousands) 0.34% 0.29% 0.33% 0.26% 0.29% 0.33% 0.00% 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% 0.35% 0.40% 12/
Slide 12: Non-Maturity & Non-Interest Bearing Deposit Accounts
NON-MATURITY & NON-INTEREST BEARING DEPOSIT ACCOUNTS 13 18% 20% 18% 20% 20% 22% 0% 5% 10% 15% 20% 25% Non - Interest Bearing Deposit Accounts (as a % of Total Deposits) 82% 85% 87% 89% 90% 91% 76% 78% 80% 82% 84% 86% 88% 90% 92% Non - Maturity Deposit Accounts (as a % of Total Deposits)
Slide 13: Deposit Composition
DEPOSIT COMPOSITION 14 Non - Interest Bearing Demand - $158,591 ( 22% ) Time Deposits - $66,722 ( 9% ) Interest Bearing Demand, Savings & Money Market - $509,314 ( 69% ) Deposit Composition Total of $734,627 (in thousands) as of 6/30/2019
Slide 14: Stockholders' Equity and Return on Average Equity
STOCKHOLDERS’ EQUITY AND RETURN ON AVERAGE EQUITY 15 *Annualized (1) $57,121 $74,396 $75,730 $80,938 $85,844 $94,325 $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 Stockholders’ Equity Net of Non - Controlling Interest in Subsidiary (In Thousands) 10.09% 8.65% 8.
Slide 15: Net Interest Income & Non-Interest Income
NET INTEREST INCOME & NON-INTEREST INCOME 16 YTD Net Interest Income 6/30/2019: $14,930 YTD Non-Interest Income 6/30/2019: $3,273 $17,255 $17,709 $23,331 $25,030 $27,275 $- $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 Net Interest Income (In T
Slide 16: Reconciliation of Non-GAAP Financial Measures
(1) Reconciliation of Non-GAAP Financial Measures 6/30/2019 Return on average assets before annualization 0.62% Annualization factor 2.0 Annualized return on average assets 1.24% Ratio of net charge-offs to average loans before annualization 0.045% Annualization factor 2.0 Annualized ratio of net ch
Slide 17: Reconciliation of GAAP and Non-GAAP Financial Measures
17 Areconciliation of GAAP and non-GAAP financial measures is presented below. All ratios shown as “annualized” as of June 30, 2019 have been calculated using an annualization factor of 2.0. enoro19 Retun on average assets before annualzation oe ‘Annualzaton factor 20 onside on average asets 1208 Ra
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