Colony Bankcorp, Inc. · NYSE:CBAN
Colony Bankcorp — Investor Presentation (October 2018)
19 slides from Colony Bankcorp's investor presentation, Oct 18, 2018
Slide 1: Colony Bankcorp, Inc. October 2018
COLONY BANKCORP, INC. October 2018
Slide 2: Forward-looking statements
Certain statements contained in this presentation that are not statements of historical fact constitute forward - looking statemen ts within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), notwithstanding that such statements are not specifically identified. In addit
Slide 3: Leadership Team
Name Position Years in Banking Years With CBAN T. Heath Fountain President and Chief Executive Officer 18 <1 J. Stan Cook EVP, Chief Operating Officer 33 6 Terry L. Hester EVP, Chief Financial Officer 43 43 Kimberly Dockery EVP, Chief Administrative Officer 12 <1 Edward " Lee " Bagwell EVP, Chief Cr
Slide 4: Company Profile
▪ Founded in 1975 ▪ Headquartered in Fitzgerald, Georgia ▪ $1.2 billion in assets at September 30, 2018 ▪ New leadership focused on growth ▪ 26 locations in Central, Southern and Coastal Georgia ▪ The ninth largest Georgia - based bank in the state and the largest community bank in South Georgia ▪ S
Slide 5: Strategic Advantages
▪ Size and capabilities ▪ Attractive footprint ▪ Clean balance sheet ▪ No TARP overhang ▪ New, seasoned leadership with a proven track record Strategic Advantages 4
Slide 6: Driving High Performance
Driving High Performance ▪ Change the culture ▪ Assess current talent ▪ Strengthen out team where needed ▪ Initiate new procedures and processes ▪ Proactive business development ▪ Implement a better tracking program ▪ Increase accountability ▪ Implement incentives to retain and attract high caliber
Slide 7: Driving High Performance
Driving High Performance ▪ Change the culture ▪ Reallocate our resources ▪ Focus on loan and deposit opportunities ▪ Realign balance sheet 6
Slide 8: Driving High Performance
Driving High Performance ▪ Change the culture ▪ Reallocate our resources ▪ Attract new bankers ▪ Identify bankers and teams from larger institutions ▪ Create the ideal culture for top bankers ▪ Become the banker’s bank of choice 7
Slide 9: Driving High Performance
Driving High Performance ▪ Reaccelerate expansion ▪ Lift out/add to banking teams in current and new markets ▪ Identify potential whole - bank acquisitions ▪ Desired acquisition targets are smaller than targets typically pursued by larger acquisitive banks ▪ Less competition to enter smaller MSAs ▪
Slide 10: Driving High Performance
Driving High Performance 9 ▪ Reaccelerate expansion ▪ Target line of business growth ▪ Government guaranteed lending (SBA, USDA) ▪ Mortgage lending ▪ Treasury services ▪ Consider new lines of business as opportunities arise ▪ Change the culture ▪ Reallocate our resources ▪ Attract new bankers
Slide 11: Three-year Financial Highlights
Nine Months Ended September 30, 2015 2016 2017 2018 2017 Diluted earnings per share $0.71 $0.84 $0.87* $1.04 $0.81 Dividends per share $0.00 $0.00 $0.10 $0.15 $0.075 Return on average assets 0.52% 0.62% 0.63% 1.00% 0.78% Return on average total equity 5.90% 7.17% 8.28% 13.37% 10.23% Net interest mar
Slide 12: Dividends Restored
▪ Cash dividends suspended in 2009 ▪ In 2017, the Company reinstated its quarterly cash dividend at a rate of $0.025 per share ▪ In 2018, the Company increased the quarterly cash dividend to $0.05 per share ▪ The current indicated annual rate is $0.20 per share, equating to a yield of 1.1% and a pay
Slide 13: Capital Ratios
10.7% 10.3% 9.9% 10.5% 10.2% 15.5% 15.5% 14.6% 15.0% 14.9% 16.6% 16.6% 15.6% 15.9% 15.7% 10.3% 11.3% 11.8% 12.2% 12.0% 2015 2016 2017 Q3 2018 Q3 2017 Tier One Leverage Ratio Tier One Ratio Total Risk-based Capital Ratio Common Equity Tier One Capital Ratio Capital Ratios 12
Slide 14: Solid Core Deposit Franchise
Solid Core Deposit Franchise 13 Time Deposits 31% Savings and Money - markets 26% Noninterest - Bearing Demand 18% Interest - Bearing Demand 25% As of September 30, 2018 Total Deposits: $1.01 billion MRQ Cost of Deposits: 0.62%
Slide 15: Loan Portfolio Breakdown
Loan Portfolio Breakdown Real estate 87% Commercial and agricultural 9% Consumer and other 4% As of September 30, 2018 Commercial construction 8% Residential construction 2% Commercial real estate 52% Residential real estate 28% Farmland 10% $779.4 million $675.1 million 14
Slide 16: Loan Portfolio Growth
Loan Portfolio Growth (Dollars in millions) $12.5 - $4.4 $11.0 $9.4 2015 2016 2017 9M 2018 Net Loan Growth 15
Slide 17: Asset Quality Trends
(Dollars in millions) $14.4 $12.4 $7.5 $8.1 $8.8 $23.3 $18.7 $11.8 $10.3 $13.3 2015 2016 2017 Q3 2018 Q3 2017 Nonperforming Loans Nonperforming Assets Asset Quality Trends 16
Slide 18: Key Investment Points
▪ Strong, experienced management team ▪ Renewed focus on generating organic loan and deposit growth ▪ Potential acquisition opportunities ▪ Nimble, with responsive decision/credit process ▪ Positioned to expand in existing and new lines of business ▪ Strong capital position, solid credit quality Key
Slide 19: Colony Bankcorp, Inc.
COLONY BANKCORP, INC. NASDAQ: CBAN
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