Orange County Bancorp, Inc. · NASDAQ:OBT
Orange County Bancorp — Investor Presentation (November 2023)
14 slides from Orange County Bancorp's investor presentation, Nov 16, 2023
Slide 1: Investor Presentation November 2023
INVESTOR Presentation November 2023
Slide 2: Forward Looking Statements
Forward Looking Statements 2 Forward - Looking Statements This presentation contains, and future oral and written statements by us and our management may contain, forward - looking stateme nts within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange
Slide 3: Franchise Overview
Franchise Overview 3 1) There are 3 branches located in Middletown. 2) See slide 14 for non - GAAP reconciliation information 3) Bank - level regulatory data Background ▪ Successfully completed IPO and NASDAQ listing in 2021 ▪ Bank was established in 1892 and has operated successfully for over 130 y
Slide 4: Structure & Scope: Balanced, Client-Driven Business Model
Structure & Scope Balanced, Client - Driven Business Model 4 Business Banking Private Banking Orange Wealth Management • 15 current branches, Yonkers location opening in 2024 • Focus on small to medium size businesses in the communities served • Seasoned lenders with significant regional and industr
Slide 5: Business Strategy
Business Strategy 5 Note: Financial data as of September 30, 2023. Leverage Relationships to Drive Organic Growth Derive Loan Growth Through Relationship - Based Model Continue to Grow Core Deposit Franchise Continue to Build Fee - Based Business Strategic Expansion / Opportunistic M&A • The Bank’s
Slide 6: Consistent History of Growth
Consistent History of Growth 6 Current Success is Attributed to Disciplined Organic Growth Gross Loans Ex. PPP ($M) Total Assets ($M) Consolidated Equity ($M) Total Deposits ($M)
Slide 7: Strong and Consistent Historical Profitability
Strong and Consistent Historical Profitability 7 Net Interest Margin (%) Net Income ($M) * ROAA (%) * Success Maintaining Strong Profitability Metrics * Q3, 2023 information represents the nine months ended September 30, 2023
Slide 8: Loan Composition
Loan Composition 8 1) CRE loans as a % of Total Risk - Based Capital; Bank - level regulatory data. 2) Excluding PPP loans for quarter ended September 30, 2023. Note: Financial data as of September 30, 2023. Total Loans: $1.7 Billion Highly Diversified Portfolio with Conservative Concentrations ▪ Ad
Slide 9: Leading Core Deposit Franchise
Leading Core Deposit Franchise Areas of Focus Keys to Success x Dedicated deposit relationship managers x Investment into customer experience/cash management product suite x Obtain deposit relationships at loan origination Escrow x Attractable DDA capture Municipal Deposits x Competitive products an
Slide 10: Conservatively Managed Securities Portfolio
Conservatively Managed Securities Portfolio 10 Note: As of September 30, 2023. * Includes $5 million ACL charge for Signature Bank subordinated debt ▪ $478.7 million in securities, primarily concentrated in mortgage - backed securities, municipal securities and U.S. government agencies ▪ Historicall
Slide 11: Company Highlights
Successful and Ongoing Expansion of Market Footprint Highly Attractive Market Geography Demonstrated Loan Growth Driven by Relationship - Based Model Complementary Offerings in Private Banking and Trust & Wealth Businesses Consistent and Attractive Performance Strong and Experienced Management Team
Slide 12: 12
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Slide 13: Management Team
Management Team 13 Experienced Leadership Team with Strong Ties to the Community
Slide 14: Non-GAAP Reconciliation
Non-GAAP Reconciliation The following table reconciles, as of the dates set forth below, stockholders’ equity (on a GAAP basis) to tangible equity and total assets (on a GAAP basis) to tangible assets and calculates our tangible book value per share. September 30, 2023 December 31, 2022 (Dollars in
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