CNB Community Bancorp Inc · OTC:CNBB
CNB Community Bancorp — Investor Presentation (November 2019)
25 slides from CNB Community Bancorp's investor presentation, November 2019
Slide 1: CNB Community Bancorp, Inc. Company Profile
CNB Community Bancorp, Inc. bank holding company of: Company Profile Investor Consideration November 2019
Slide 2: Disclaimer
Disclaimer This presentation contains or incorporates by reference forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the Private Securi
Slide 3: Table of Contents
Table of Contents Executive Summary Company Overview Corporate Strategy Financial Highlights Page 3
Slide 4: Corporate Profile
Corporate Profile CNB Community Bancorp, Inc. (“CNB” or the “Company”) is the bank holding company of County National Bank (the “Bank”). Headquartered in Hillsdale, MI, the Company offers banking products and services to the local communities it serves in Hillsdale, Jackson, Calhoun, and Lenawee cou
Slide 5: CNB Market Share
CNB Market Share State of Michigan Primary Markets Total Total Total Total Number of Deposits Market Number of Deposits Market Rank Institution Branches ($000) Share (% ) Rank Institution Branches ($000) Share (% ) Michigan Hillsdale, MI 1 TCF Financial Corp. 233 18,175,246 8.00 1 CNB Community Banc
Slide 6: Investment Considerations
Investment Considerations 16th largest bank headquartered, ranked by deposits, in Michigan with focus on local communities it serves #1 in deposit market share (over 54%) in Hillsdale County and #4 market share in Jackson County, which has approximately 160,000 residents and a median household i
Slide 7: Table of Contents
Table of Contents Executive Summary Company Overview Corporate Strategy Financial Highlights Page 7
Slide 8: Corporate History
Corporate History On March 19, 1934, roughly fifty courageous and committed citizens and business people put up personal monies to capitalize Hillsdale County National Bank. The initial $60,000 investment has grown to over $62,000,000, truly an entrepreneurial success story for our capitalist system
Slide 9: Branch Network
Branch Network Main St. – Spring Arbor Wisner St. - Jackson South Jackson St. - Jackson Horton Rd. - Jackson Main St. - Homer Main St. - Hanover Company Overview Jonesville St. - Litchfield Chicago Rd. – Somerset Chicago St. - Jonesville Howell St. - Hillsdale Railroad St. - Hudson South Main St. –
Slide 10: Executive Management Team
Executive Management Team John R. Waldron – President & Chief Executive Officer Related Work Experience Joined CNB in 2002 as a Commercial Loan Officer. He was promoted to Senior Vice President & Senior Loan Officer by 2012. He became president of CNB in June 2018. Prior to CNB, John spent 10 years
Slide 11: Executive Management Team
Executive Management Team Christopher A. Phillips – Vice President & Senior Trust Officer Related Work Experience Joined CNB in 2016 as Vice President - Senior Trust Officer. Since 1996, his Trust and Investment career includes financial planning, trust administration, trust fiduciary work and wealt
Slide 12: Board of Directors
Board of Directors John Barrett • President – Eagle Funeral Homes, Inc. • Board member since 2010 • President of the Hillsdale County Community Foundation Board, Jonesville Rotary Club, and Knights of Columbus • Former Board member of the Hillsdale County Chamber of Commerce Craig Connor • Chairman
Slide 13: Board of Directors
Board of Directors Stephen Maddalena • General Manager – Kentwood Office Furniture • Board member since 2000 • Director of the Western Golf Association and the Evans Scholarship Fund in Chicago Claude Rowley • President – Rowley Inc. (Construction) • Board member since 1995 • Served 18 years on the
Slide 14: Local Community Involvement
Local Community Involvement CNB’s employees and directors are deeply vested in the communities they reside, often times serving on boards and committees of community development associations, foundations, and school districts. Below are a few of the organizations that representatives of CNB have par
Slide 15: Table of Contents
Table of Contents Executive Summary Company Overview Corporate Strategy Financial Highlights Page 15
Slide 16: Strategic Overview
Strategic Overview Mission Statement County National Bank will sustain its deep commitment to the community and to its tradition of excellence in all aspects of Banking. CNB will continue to provide outstanding customer service and solid financial performance. The current strategic plan identifies s
Slide 17: Corporate Strategy
Strategic Overview Corporate Strategy Page 17
Slide 18: Table of Contents
Table of Contents Executive Summary Company Overview Corporate Strategy Financial Highlights Page 18
Slide 19: Consolidated Income Statement
Consolidated Income Statement Year to Last Twelve ($ in 000s) For the Year Ended December 31, Date Months 2010 2011 2012 2013 2014 2015 2016 2017 2018 9/30/2019 9/30/2019 Interest income $17,057 $17,904 $17,953 $18,096 $18,701 $20,166 $22,955 $25,097 $28,647 $23,988 $29,373 Interest expense 2,480 1,
Slide 20: Profitability Metrics
Profitability Metrics Net Interest Margin & Efficiency Ratio* Net Interest Margin Efficiency Ratio 8.00% 80.00% 7.00% 70.43% 70.96% 70.60% 69.15% 68.78% 68.57% 67.51% 6.00% 65.53% 65.56% 70.00% 64.00% 5.00% 4.00% 60.00% 3.00% 4.73% 4.70% 4.35% 4.16% 4.21% 4.34% 4.35% 2.00% 4.03% 3.98% 4.03% 50.00% 1
Slide 21: Consolidated Balance Sheet
Consolidated Balance Sheet As of Sept ($ in 000s) 30, 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Assets Cash and due from banks $21,270 $33,446 $70,298 $51,127 $45,087 $12,516 $26,703 $52,293 $44,011 $71,521 Federal funds sold 470 263 440 906 1,989 0 111 0 0 0 Securities - Available for sale
Slide 22: Book Value and Dividends Per Share
Book Value and Dividends Per Share Book Value Per Share Dividend Per Share $30.00 $1.22 $1.40 $28.00 $1.11 $1.20 $26.00 $0.86 $0.96 $24.00 $0.86 $0.86 $0.88 $0.90 $1.00 $0.82 $0.84 $22.00 $0.80 $20.00 $29.64 $18.00 $26.97 $0.60 $24.10 $16.00 $21.75 $0.40 $19.37 $20.17 $14.00 $17.31 $18.30 $15.50 $16
Slide 23: Loans & Deposits
Loans & Deposits Loan Composition September 30, 2019 Loan Breakdown 100% 7.2% 9.2% 8.5% 8.5% 10.3% 10.3% Other, 10.3% 90% 4.0% 3.4% 3.8% 4.0% 4.2% 4.7% 80% 16.8% 17.4% 16.8% Consumer, 17.8% 20.5% 20.0% 4.7% 70% 1-4 Family Oth er Residential, 60% 28.3% 30.9% 29.7% 30.9% Con sumer 32.1% 50% 30.8% 32.3
Slide 24: Asset Quality and Capitalization
Asset Quality and Capitalization Loan Loss Provisions and Net Charge Offs $2,500 $1,945 $1,915 $2,000 $1,500 $1,355 $1,245 $1,176 $1,204 $1,098 $1,116 $1,000 $644 $606 $538 $551 $500 $406 $352 $279 173 $206 83 $100 $0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019Q3 ($82) ($500) Financial Highlig
Slide 25: Contact Information
Hillsdale County National Bank Main Office: One South Howell St. Hillsdale, MI 49242 P: (517) 439-4300 Toll Free: (888) 322-1088 www.countynationalbank.com Contacts: Craig S. Connor John R. Waldron Contact Information Chairman President & CEO craig.connor@countynationalbank.com P: (517) 439-6117 joh
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