Mid Penn Bancorp · NASDAQ:MPB
Mid Penn Bancorp — Shareholder Meeting (May 2014)
36 slides from Mid Penn Bancorp's shareholder meeting presentation, May 6, 2014
Slide 1: Annual Meeting of Shareholders
AFFI MID PENN BANCORP. Annual Meeting of Shareholders May 6, 2014
Slide 2: Robert C. Grubic, Chairman of the Board
ROBERT C. GRUBIC CHAIRMAN OF THE BOARD AFF MID PENN BANCORP.
Slide 3: Special Cautionary Notice Regarding Forward-Looking Statements
Special Cautionary Notice Regarding Forward-Looking Statements During the course of this presentation, management may make projections and forward-looking statements regarding events or the future financial performance of Mid Penn Bancorp, Inc. We wish to caution you that these forward-looking state
Slide 4: Rory G. Ritrievi, President and CEO
RORY G. RITRIEVI PRESIDENT AND CEO AFFI MID PENN BANCORP.
Slide 5: Executive Leadership Team
Beagd MID PENN BANCORP. Executive Leadership Team acd aaed aacd Kevin W. Laudenslager, Chief Operating Officer Edward P. Williams, Chief Financial Officer Scott W. Micklewright, Chief Lending Officer Justin T. Webb, Chief Credit Officer Kelly K. Neiderer, Chief Retail Officer Roberta A. Hoffman, Dir
Slide 6: Current Profile
MID PENN BANCORP. Current Profile 58" largest Pennsylvania bank by deposit size out of 235 oacuania SoREROnT Ranked 177" most profitable nddeeuns LENS ee community bank for 2013 by See eTILLE American BankerMagazine 7] boosh / a” orscogk $713 million in assets . 14 branches in Dauphin, RAUEHIN a \ C
Slide 7: Overview of 2013
OVERVIEW OF 2013
Slide 8: Mid Penn Bancorp Operating Performance
Mid Penn Bancorp Operating Performance 2013 vs. 2012 In 000’s | 2013 2012. | +$Difference | % Net Income $ 4616 S$ 4,437 $ 179 4% INCOME SOURCES Net Interest Income $23,926 $23,241 $685 3% Noninterest Income $ 3,290 S$ 3,683 S$ (393) (11%) TOTAL INCOME SOURCES § 27,216 $ 26,924 $292 1%
Slide 9: Mid Penn Bancorp Operating Performance
Mid Penn Bancorp Operating Performance 2013 vs. 2012 (In 000’s) | 2013 | 2012 | $Difference | % EXPENSE ITEMS Provision for Loan $ 1,685 $ 1,036 $649 63% Loss FDIC Premium § 486 § 1,034 § (548) (53%) Noninterest Expenses $18,905 $18,659 $ 246 1% (Net of FDIC Premium) TOTAL EXPENSE ITEMS $21,076 $20,
Slide 10: Loans
LOANS
Slide 11: Total Loans
(Dollars in Thousands) $550,000 ‘$500,000 $450,000 $350,000 2010 2011 2012 i
Slide 12: Loan Mix
Thousands) (Dollars i $300,000 $250,000 ‘$200,000 $150,000 $100,000 ‘950,000 $0 Loan Mix Commercial RE Residential RE Commercial & Industrial consumer = 2013 12 2010 2011 2012
Slide 13: Deposits
DEPOSITS
Slide 14: Total Deposits
(Dollars in Thousands) Total Deposits $700,000 $650,000 634,055 $600,000 $450,000 ‘$400,000 $350,000 $300,000 2009 2010 2011 2012 2013 14
Slide 15: Deposit Mix
(Dollars in Thousands) ‘$300,000 $250,000 ‘$200,000 $150,000 $100,000 ‘$50,000 $0 Deposit Mix 2009 r 2010 2011 wDDA Money Market Time fasavings 2012 2013 18
Slide 16: Margin
MARGIN
Slide 17: Yield on Loans vs. Cost of Funds
7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% Id on Loans vs. Cost of Funds 370% Po 591% Tae 524% (0.67% Decrease from 2009) 3.10% =e rield on Loans FA 4.38% ‘=Total Cost of Funds 281% Ss 76% 2.08% wee 036% (195% Decrease from 2009) 2000 2o10 ott row 2013 17
Slide 18: Net Interest Margin
3.90% 3.80% 3.70% 3.60% 3.50% 3.40% 3.30% 3.20% Net Interest Margin 2009 2010 2011 2012 2013 18
Slide 19: Asset Quality
ASSET QUALITY
Slide 20: Non-Performing Assets
(Dollars in Thousands) Non-Performing Assets $25,000 20,147 $20,000 $15,000 12,675 $10,000 $5,000 a 15,904 | ] | 2009 2010 2011 2012 2013 20
Slide 21: Provision for Loan Loss
(Dollars in Thousands) Provision for Loan Loss $10,000 9,520 $9,000 $8,000 5YearTotal: $16,081 $7,000 5 Year Average: $3,216 95,000 ‘$4,000 2,635 1,685 $2,000 1,205 ag ™ @ 2009 2010 2011 2012 2013 21
Slide 22: Noninterest Income
NONINTEREST INCOME
Slide 23: Total Noninterest Income
(Dollars in Thousands) ‘$4,000 ‘$3,800 $3,600 $3,400 $3,200 ‘$3,000 ‘$2,800 $2,600 $2,400 $2,200 $2,000 Total Noninterest Income 3,656 3,683 3414 3,290 2,996 2010 2011 2012 2013 23
Slide 24: Net NSF
Net NSF $1,400 $1,200 $1,000 ae! (spuesnoys m ssq10a) $400 $200 $0 24 2013, 2011 2010
Slide 25: Merchant Services Income
(Dollars in Thousands) 9350 $300 $250 $200 $150 $100 $50 Merchant Services Income 1a. 2010 2011 2012 2013 28
Slide 26: Sion
(Dollars in Thousands) $700 Ga ‘$500 423 Sion 390 34g $300 $200 124 $100 2010 2011 2012 2013
Slide 27: Income from Trust and Wealth Management
(Dollars in Thousands) ‘$700 $500 $200 Income from Trust and Wealth Management S75 539 492 431 | 2009 2010 2011 2012 2013 27
Slide 28: Noninterest Expenses
NONINTEREST EXPENSES
Slide 29: Total Noninterest Expenses
(Dollars in Thousands) $21,000 $20,000 $19,000 $18,000 ‘$17,000 $16,000 $15,000 $14,000 $13,000 $12,000 $11,000 $10,000 19,391 17,424 2010 2011 2012
Slide 30: Compensation Expense
(Dollars in Thousands) Compensation Expense $10,000 ‘$9,000 7,278 $7,000 6,749 ‘$5,000 ‘$3,000 $2,000 2010 2011 2012 30
Slide 31: Medical Benefits Expense
$4,200 $1,000 (Dollars in Thousands) Medical Benefits Expense 1,048 42% 673 2010 2011 2013, 31
Slide 32: FDIC Insurance
(Dollars in Thousands) $1,400 $1,200 $1,000 $200 FDIC Insurance 5 Year Total: $4,637 5 YearAverage: $927 1,163 057 = 1,034 397 ' | 2009 2010 201 202 2013 32
Slide 33: Loan Workout Expenses
(Oolbars in Thousnds) Loan Workout Expenses 18 700 $700 q SYearTotal: $2,357 5 YearAverage: $471 q 297 ; 2010 2011 2012 2013 33
Slide 34: Stock Performance
STOCK PERFORMANCE
Slide 35: Stock Performance
$30.00 $25.00 $20.00 $15.00 $10.00 $5.00 $0.00 Bagd MID PENN BANCORP. Stock Performance 1.85 $7.50 $7.54 2008 2009 2010 2011 2012 2013, 2.00 1.20 1.60 140 120 1.00 0.80 0.60 0.40 0.20 0.00 == Price Per Share Year End =f Price/Tangible Book Value
Slide 36: Questions and Answers
QUESTIONS AND ANSWERS