First Capital, Inc. · NASDAQ:FCAP
First Capital — Investor Presentation (September 2018)
16 slides from First Capital's investor presentation, Sep 6, 2018
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
Presented by: Bill Harrod President and CEO 40 years in Banking 26 years with FCAP Current position since 2000 Chris Frederick Senior Executive VP and CFO 28 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
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 $788 million 18 Branches 5
Slide 5: Diversified Economic Base
Diversified Economic Base Major Employers in Southern Indiana Amazon Floyd Memorial Baptist Health Clark Memorial Hospital 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 t
Slide 6: Net Income & Earnings Per Share
NET INCOME & EARNINGS PER SHARE 7 YTD Net Income 6/30/2018: $4,233 YTD Net Income 6/30/2017: $3,743 YTD Earnings Per Share 6/30/2018: $1.27 YTD Earnings Per Share 6/30/2017: $1.12 $5,074 $5,594 $5,198 $6,864 $7,439 $- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 12/31/2013 12/31/2014 12/3
Slide 7: Total Assets & Return on Assets
TOTAL ASSETS & RETURN ON ASSETS 8 $444,384 $472,761 $715,827 $743,658 $758,956 $788,077 $- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 Total Assets (In Thousands) 1.11% 1.22% 1.06% 0.94% 0.99% 1.10% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% Annualized Retur
Slide 8: Net Loans
NET LOANS 9 $288,506 $300,603 $359,166 $381,154 $409,618 $419,360 $- $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 6/30/2018 Net Loans (In Thousands)
Slide 9: Loan Composition
LOAN COMPOSITION 10 Residential real estate - $135,006 (32%) Land - $21,201 (5%) Construction - $21,645 (5%) Commercial Real Estate - $103,420 (25%) Commercial Business - $33,327 (8%) Home Equity and 2nd Mortgage - $51,681 (12%) Other Consumer - $53,080 (13%) Loan Portfolio Composition Total of $419
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. 1.34% 0.70% 1.32% 1.04% 0.90% 0.74% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% 1.60% Ratio of No
Slide 11: Total Deposits & Cost of Funds
TOTAL DEPOSITS COST OF FUNDS 12 $373,830 $412,636 $637,177 $664,650 $664,562 $701,836 $- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 Total Deposits (In Thousands) 0.48% 0.34% 0.29% 0.33% 0.26% 0.27% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% 12/31/13 12/31/14 12/31/15 12/3
Slide 12: Non-Maturity & Non-Interest Bearing Deposit Accounts
NON-MATURITY & NON-INTEREST BEARING DEPOSIT ACCOUNTS 13 15% 18% 20% 18% 20% 20% 0% 5% 10% 15% 20% 25% Non - Interest Bearing Deposit Accounts (as a % of Total Deposits) 77% 82% 85% 87% 89% 90% 70% 75% 80% 85% 90% 95% Non - Maturity Deposit Accounts (as a % of Total Deposits)
Slide 13: Deposit Composition
DEPOSIT COMPOSITION 14 Non - Interest Bearing Demand - $142,700 (20%) Time Deposits - $70,872 (10%) Interest Bearing Demand, Savings & Money Market - $488,264 (70%) Deposit Composition Total of $701,836 (in thousands) as of 6/30/2018
Slide 14: Total Equity and Return on Equity
TOTAL EQUITY AND RETURN ON EQUITY 15 $53,227 $57,121 $74,396 $75,730 $80,938 $80,311 $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 Total Shareholders’ Equity Net of Non - Controlling Interest in Subsidiary (In Thousands) 9.56% 10.09% 8.65% 8.90% 9.37% 10.62% 0.00% 2.00%
Slide 15: Net Interest Income & Non-Interest Income
NET INTEREST INCOME & NON-INTEREST INCOME 16 YTD Net Interest Income 6/30/2018: $13,090 YTD Non-Interest Income 6/30/2018: $3,262 $16,758 $17,255 $17,709 $23,331 $25,030 $- $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 Net Interest Income (In T
Slide 16: Net Interest Income & Non-Interest Income
NET INTEREST INCOME & NON-INTEREST INCOME Income " 8,000 $25,010 you a $6,000 S000 sug750$17.235 $17,709 ea $15,000 i s1o,000 a $2,000 $5,000 “a 4 s 2/31/2013 s2/3K/a0N4 12/31/2015 12/38/2016 12/31/2017 12/31/2013 12/31/2014 sR/BK/AONS 12/38/2016 12/31/2017 YTD Net Interest Income 6/30/2018: $13,090
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