Eagle Bancorp Montana, Inc. · NASDAQ:EBMT
Eagle Bancorp Montana — Merger or Acquisition (September 2017)
14 slides from Eagle Bancorp Montana's merger presentation, Sep 6, 2017
Slide 1: Acquisition of TwinCo, Inc. and Ruby Valley Bank
Acquisition of TwinCo, Inc. and Ruby Valley Bank Expanding Montana's Premier Community Bank into Madison County and the Ruby Valley September 6, 2017 Peter J. Johnson gE President and Chel Executive Oicer EAGLE BANCORP Trading Symbol NASDAQ: EBMT
Slide 2: Cautionary Notice Regarding Forward-Looking Statements
Cautionary Notice Regarding Forward-Looking Statements eran saterents eztaned in isresentation that ae net statement historical ft arena ooking stents hesforuad locking tatrans which arebstedon certain simp tens and desabe cur utr pons tata andcapectatins, can general be ete y the ve he worm woe epe
Slide 3: Important Information about the Merger and Where to Find it
Important Information about the Merger and Where to Find it Thiscommuniitons oes nt constutean fer sllorthslctaton fn toby ay scutes or asolitaton fn ot or perova no sal herebeany se ofeuitasinany Iuiicionin wen such fle actin le oul be uno ito epson erqilifaton unde: heater of ich action In connect
Slide 4: Expanding Montana's Premier Community Bank into Madison County and the Ruby Valley
Expanding Montana‘s Premier Community Bank into Madison County and the Ruby Valley: Delivering on the Growth Strategy and Expanding Agricultural Lending ‘The acquisition of Ruby Valley Bank will establish Eagle Bancerp Montana, Inc asthe fith largest bank headquartered in Montana Eagle enters the at
Slide 5: Transaction Structure
Transaction Structure STRUCTURE / TwinCo common stock exchanged for 11.1540 shares of Eagle and $247.16 in cash, subject to adjustment! CONSIDERATION * PPt6ximately 446,773 shares of Eagle and $99 millon in cash, in the agaregate a 459%/55% stock and cash enix Double trigger walk-away provision vers
Slide 6: Partnering with the Walsh family to Create the Premier Community Bank in the Ruby Valley
Partnering with the Walsh family to Create the Premier Community Bank in the Ruby Valley and an Expert Agricultural Lender throughout Montana uby Valley Bank has a 100 year history of dedication to community banking in the Ruby Valley since its Inception as Fist National Bank of Twin Bridges in 1917
Slide 7: Ruby Valley Bank: Steady Business and Strong Deposit Franchise
Ruby Valley Bank: Steady Business and Strong Deposit Franchise Ryne Financial Highlights (Bank Level) (a) Franchise Highlights “Atoror 12 montis ended Devember 3 201320142015 2016 _ 067 26% non-Interest bearing and 76% non-time deposits Toa Assets) sa 38 59 58 59 with an overall cost of funds of 0.1
Slide 8: The Combination will Create the Fifth Largest Bank Headquartered in Montana
The Combination will Create the Fifth Largest Bank Headquartered in Montana BRANCHES Source: SIL Financial
Slide 9: Opportunity to Operate the Leading Community Bank in Madison County
Opportunity to Operate the Leading Community Bank in Madison County and the Ruby Valley and Expand Eagle’s Agricultural Lending in Montana “The acquistion opens a prerrier Montana agricultural county te Eagle ‘tgricufture is the heartbeat OFR aby Valley, Montana where cattle outnumber people’ Greate
Slide 10: Pro Forma Impact
Pro Forma Impact ns except per share data) PRO FORMA + Total Assets ‘05HAN BALANCE SHEET! + Total Gross Loans 80MM Total Deposits 590MM PRO FORMA PER + TBv/Shate ~ (M% SHARE + TBV Eamnback? (Crossover Method) ~ ays +2018 PS (nel merger Exp) ~ 123% ACCRETION/(DILUTION) Siete oe PRO FORMA TCE/TA Ratio
Slide 11: Transaction Analysis
Transaction Analysis DUE DILIGENCE =~ Comprehensivedue diligence process + Indepth review of credit files, underwriting methodology and policy .62%6f total loans reviewed (75% of commercial and ag credits) Detailed review of expenses ona line item bas TRANSACTION + Estimated 3.0% credit mark of $1.6
Slide 12: An Expanding Franchise—Eagle Bancorp Montana, Inc.
An Expanding Franchise—Eagle Bancorp Montana, Inc. Since its 2010 IPO, Eagle has leveraged its equity through acquisitions and strong organic growth, extending its franchise to all key markets in Montana and tripling its size: Ruby Valley is one more step in this expansion. $800 MM, s7IoMM ASSETS $s
Slide 13: A Compelling Opportunity for Eagle and its Investors
A Compelling Opportunity for Eagle and its Investors Market expansion in steady growth Madison county matket Acquistion il create fifth laigest bank by deposits headquartered in Montana High quality acquisition with an attractive deposit mbcand low-cost core funding ‘Adds stiong agricultural lending
Slide 14: Contact Information
Contact Information % Onnoramiy Banke Pete Johnson Laura clark sine Stace ct: ase oe ate Bret torn re tocar roe tno Phe vara spicier kaka oot Avie Poon Men ropportunitybank com
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