First Bancshares, Inc. · OTC:FIBH
First Bancshares — Investor Presentation (July 2020)
14 slides from First Bancshares's investor presentation, Jul 28, 2020
Slide 1: Investor Presentation July 27, 2020
1 Investor PresentationJuly 27, 2020 NASDAQ: FBMS
Slide 2: Forward Looking Statements
2 Forward Looking Statements This slide presentation and certain of our other filings with the Securities and Exchange Commission contain statements that constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as am
Slide 3: Response to Covid-19
3 Response to Covid-19 Enacted the Pandemic section of our internal Business Continuity Plan Informed employees of CDC and internal recommendations, procedures and protocols concerning: social distancing, business travel, sanitation and disinfection; weekly system wide calls to re-enforce procedures
Slide 4: Response to Covid-19 Continued
4 Response to Covid-19 Continued Moved as many as practical employees to work by remote access Rotated access as much as practical for employees who’s function could not be performed remotely Provided lunch daily to on site personnel to limit their off premise exposure during the day; rotate purchas
Slide 5: Loan Portfolio Potential Increased Risk Sectors
5 Loan Portfolio Potential Increased Risk SectorsJune 30, 2020 SECTOR BOOK BALANCE AVAILABLE TOTAL COMMITTED % OF LOANS HOTELS $129.1 MILLION $15.6 MILLION $144.7 MILLION 4.5% RESTAURANTS $90.6 MILLION $2.4 MILLION $93.0 MILLION 2.9% RETAIL $205.6 MILLION $2.5 MILLION $208.1 MILLION 6.6% CONVENIENCE
Slide 6: Loan Portfolio Risk Sectors Detail
6 Loan Portfolio Risk Sectors DetailJune 30, 2020 SECTOR TOTAL COMMITTED % OF LOANS LTV % HOTELS $144.7 MILLION 4.5% 55.4% FLAGGED $106.3 MILLION NON-FLAGGED $38.4 MILLION RESTAURANTS $93.0 MILLION 2.9% 55.5% CHAIN $42.6 MILLION NON-CHAIN $47.6 MILLION CONSTRUCTION $2.8 MILLION RETAIL $208.1 MILLION
Slide 7: Loan Portfolio Risk Sectors by State
7 Loan Portfolio Risk Sectors by StateJune 30, 2020 SECTOR TOTAL COMMITTED % OF LOANS LTV % HOTELS $144.7 MILLION 4.5% 55.4% MISSISSIPPI $31.2 MILLION 56.4% LOUISIANA $59.0 MILLION 50.0% ALABAMA $8.2 MILLION 50.3% FLORIDA $25.4 MILLION 52.5% GEORGIA $20.9 MILLION 52.6% RESTAURANTS $93.0 MILLION 2.9%
Slide 8: Risk Sectors by State Continued
8 Risk Sectors by State ContinuedJune 30, 2020 SECTOR TOTAL COMMITTED % OF LOANS LTV % RETAIL $208.1 MILLION 6.6% 52.5% MISSISSIPPI $57.5 MILLION 53.1% LOUISIANA $34.2 MILLION 53.1% ALABAMA $20.9 MILLION 45.8% FLORIDA $51.7 MILLION 54.9% GEORGIA $43.8 MILLION 50.9%
Slide 9: Loan Modifications Resulting from COVID-19
Modifications of $196 million or 6% of loan portfolio with Majority on 3 month deferralsEnhanced Risk Sectors with modifications as Of July 23, 2020: 9 Loan Modifications Resulting from COVID-19 SECTOR TOTAL MODIFIED % OF SECTOR TOTAL HOTELS $28.0 MILLION 19.4% RESTAURANTS $25.2 MILLION 27.1% RETAIL
Slide 10: Modifications
Modifications May 31 June 30 Modifications July 23 10
Slide 11: Payroll Protection Program (PPP)
As of July 23, 2020, we have processed 3,213 loans totaling $264.8 million with average loan size of $82,000 Net Fees - $10.6 million ppp loans made to Enhanced Risk sectors are detailed below: 11 Payroll Protection Program (PPP) HOTELS $2.4 MILLION RESTAURANTS $27.0 MILLION RETAIL $51.6 MILLION CON
Slide 12: Loan Reserves & NPAs
12 LOAN RESERVES & NPAs LOAN BALANCES ALLL/CREDIT MARK ALLL/MARK TO LOANS ACQUIRED LOANS NOT INCORPORATED INTO ALLL MODEL $903.2 MILLION $9.4 MILLION MARK 1.0% ACQUIRED PURCHASED CREDIT IMPAIRED LOANS $27.6 MILLION $2.1 MILLION MARK 7.6% LOANS INCORPORATED INTO ALLL MODEL $2.241 BILLION $28.1 MILLIO
Slide 13: Solid Capital Balance Sheet Management
solid capital 13 Balance Sheet Management JUNE 30, 2020 ESTIMATES The First, ANBA First Bancshares TOTAL SHAREHOLDER’S EQUITY $688.2 MILLION $627.8 MILLION COMMON EQUITY TIER 1 CAPITAL RATIO 15.0% 12.5% TIER 1 CAPITAL RATIO 15.0% 13.6% TOTAL RISK-BASED CAPITAL RATIO 15.9% 16.6% LEVERAGE RATIO 10.1%
Slide 14: The First Bancshares, Inc.
TheFirst BANCSHARES, INC. NASDAQ: FBMS -@ Thekirst