City Holding Company · NASDAQ:CHCO
City — Shareholder Meeting (April 2003)
18 slides from City's shareholder meeting presentation, Apr 30, 2003
Slide 1: Welcome - Annual Shareholders Meeting
Welcome Annual Shareholders Meeting April 30, 2003
Slide 2: Our Business Model
Our Business Model • We are a retail bank • We focus on core deposit gathering • We employ a simple business model
Slide 3: Key Markets
Key Markets 25 Gatewater Road Charleston, West Virginia 25313 (304) 769-1106 www.cityholding.com
Slide 4: City Holding Company Profile
City Holding Company Profile n 55 branches reaching 149,000 households through 276,000 accounts n Principal Markets Include: ¨ Charleston (Capitol Region) • 34% of CHCO’s deposits ¨ Beckley/Lewisburg (Allegheny Region) • 31% of CHCO’s deposits ¨ Huntington (Tri-State Region) • 16% of CHCO’s deposits
Slide 5: Deposit Market Share
Deposit Market Share Source: FDIC Market Share Deposit data as of June 30, 2002
Slide 6: City National Bank Customer Profile
City National Bank Customer Profile Source: Internal data as of March 31, 2003
Slide 7: City National Bank Customer Profile
City National Bank Customer Profile Source: Internal data as of March 31, 2003
Slide 8: High Quality and Stable Source of Funds
High Quality and Stable Source of Funds Liability Mix (as of March 31, 2003) City National Bank Peer Group* n Transaction & Savings Deposits n Transaction & Savings Deposits n Time <$100K n Time <$100K n Time>$100K; Repo & Other Borrowings n Time>$100K; Repo & Other Borrowings *$1-3 billion peer gro
Slide 9: Conservative Lending Focus
Conservative Lending Focus • Focus on originating in-market loans secured by real estate • Exited the indirect lending and out-of-market loan business • Non-performing assets totaled $3.1M as of March 31, 2003 – Non-performing assets represent 0.27% of total loans and other real estate owned
Slide 10: Granularity of Loan Portfolio
Granularity of Loan Portfolio Loan Mix (as of March 31, 2003) City National Bank Peer Group* n Residential Real Estate n Home Equity n Consumer/Other n Residential Real Estate n Home Equity n Consumer/Other ¨ Commercial Real Estate n C&I ¨ Commercial Real Estate n C&I • The loan portfolio contains o
Slide 11: Granularity of Loans
Granularity of Loans Portfolio (as of March 31, 2003) • Loan comprised 58.4% of City’s assets and are diversified by type Loan Breakdown Balance ($000) Residential Real Estate $ 463,813 Home Equity $ 232,048 Commercial Real Estate $ 288,724 Other Commercial $ 88,824 Installment $ 53,488 Indirect $ 4
Slide 12: Conservative Lending Focus
Conservative Lending Focus Real Estate v. Non-Real Estate Loans ( as of March 31, 2003 ) Other Loans 20% Loans Secured By Real Estate 80% High Level of Liquidity • Loan-to-deposit ratio was 75% as of March 31, 2003 • Investment portfolio represents 25% of assets • $55 million in overnight investment
Slide 13: High Asset Quality and Strong Reserves
High Asset Quality and Strong Reserves No loan loss provision was deemed necessary during the Second Half of 2002 and Q1 2003
Slide 14: Revenue Profile
Revenue Profile Data as of March 31, 2003 *$1-3 billion peer group as compiled by the FFIEC in their Uniform Bank Performance Reports
Slide 15: Current Performance
Current Performance ROA ROE a = 30.0% =e ap 20.0% 19% 579% 025% 10.0% 05% as 00% |= 009% pe 0.0% 19% | 15% a 20.0% a 20% zi 19.2418 9% 1998 1999 2000 2001 2002 2009 era) 30.0% “ose B99 soo HOT SNES Peer 7 Efficiency Ratio EA art 100% ee arm cy 0 Ta Tos EE THA Gu 3.55% a 1% et = | a BET ga — = | 40%
Slide 16: Performance Objectives
Performance Objectives = I] 5 a r a a Ss
Slide 17: Top Performing Stock in 2002 by Bloomberg
Named 7 th Top Performing Stock in 2002 by Bloomberg 100 and only bank in the top 10 Over two year period, 391% appreciation is best of all USA banks and 4 th best of all USA publicly traded companies
Slide 18: Questions?
Cityzxzs, Questions?