Summit State Bank · NASDAQ:SSBI
Summit State Bank — Investor Presentation (October 2020)
14 slides from Summit State Bank's investor presentation, Oct 9, 2020
Slide 1: Form 8-K Current Report - Summit State Bank
FEDERAL DEPOSIT INSURANCE CORPORATION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 12 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): October 9, 2020 Summit State Bank (Exact Name of Registrant as Specified in Charter) California
Slide 2: Item 7.01 Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure The Chief Executive Officer of Summit State Bank (the “Bank”) will make presentations to institutional investors at various meetings from October 9, 2020 through November 30, 2020 using the slide presentation included as Exhibit 99.1 of this report. The informatio
Slide 3: Item 9.01 Financial Statements and Exhibits
recent Annual Report on Form 10-K filed with the Federal Deposit Insurance Corporation (“FDIC”) and those in any other public filing we may make with the FDIC. Item 9.01. Financial Statements and Exhibits (d) Exhibits: The exhibit list called for by this item is incorporated by reference to the Exhi
Slide 4: Signature
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Dated: September 23, 2020 SUMMIT STATE BANK By: /s/__Camille Kazarian____ Camille Kazarian Executive Vice
Slide 5: Exhibit Index
Exhibit Index Exhibit Description Number 99.1 Presentation slides as of September 23, 2020 5
Slide 6: 99.1 Presentation slides as of September 23, 2020
99.1 Presentation slides as of September 23, 2020 6
Slide 7: Summit State Bank - SSBI
Summit State Bank - SSBI Headquartered in Santa Rosa, CA Branch Locations * Santa Rosa Main «* Healdsburg * Santa Rosa Montgomery Village * Rohnert Park * Petaluma Lending Area - Northern California Concentrated in Sonoma County with Regional Small Business Lending Group Headquartered in Roseville =
Slide 8: Investment Highlights
Investment Highlights Actively Managing through COVID-19 % Commitment to the Safety and Wellbeing of Bank Employees “ A Community Leader as a Paycheck Protection Program (PPP) Lender “ Maintaining Strong Underwriting Guidelines *» Actively Managing and Monitoring Potential Changes in Asset Quality *
Slide 9: Financial Trends
Financial Trends Income Statement. Interest Income Interest Expense Net interest income before provision Total non-interest income Total non-interest expense Income before provisions Provision for loan losses Provision for income taxes Nat income Balance Sheet Assets Net Loans Cash & Investments Dep
Slide 10: Most Recent Trends
Most Recent Trends 7,500 3.90% = Most recent 6 quarters show continued improvement in: 3.85% sia 3.80% = Net Interest Income Growth 3.75% one 3.70% = Increased Profitability 3.65% 6,000 3.60% 5,500 3.55% ll il ~ 5,000 3.45% 2019Q1 2019Q2 201903 201994 2020Q1 202002 (mum Net Interest Income before Pr
Slide 11: Historical Dividend Payout
Historical Dividend Payout ons 50% = Consistent Quarterly Dividends = Dividend Yield Increases Over 4.5% as Market Volatility Pushes Prices Down = Stock Price Currently Trading at 7.5 Times Trailing 12 Month Earnings = Historical Dividend Payout Ratio >30% EL PPE ELS SOS jem Dividend Per Share (5) =
Slide 12: Loan Composition
Loan Composition CRE Loan Portfolio Total Loan Portfolio Concentration ae int Frei Multifamily, ve Commercial Reat ~~? ofe Gas Stations u% = Diversified Portfolio with Manageable Risk through Pandemic = Total Portfolio LTV 49%; CRE LTV 51% = CRELTV 50% for Property Types with Higher Risk due to Pand
Slide 13: Repositioning Liabilities
900,000 200,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 Repositioning Liabilities Deposits and Brokered & FHLB Advances ($000's) HH 2016 2017 2018 2019 2020 01 & Q2 Brokered & FHLBAdvances = Deposits Focus on Local Deposit Growth Commercial & Consumer Deposit Products Offered Managed
Slide 14: Contact
MAILING ADDRESS CONTACT SUMMIT Member FDIC 14
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