Truxton Corp · OTC:TRUX
Truxton — Truxton Trust — Q1 2020 Earnings Presentation
10 slides from Truxton's earnings presentation, 2020
Slide 1: 1Q 2020 Results
T TRUXTON TRUST A PRIVATE BANK 1Q 2020 Results
Slide 2: Q1 2020 Financial Highlights
Q1 2020 Financial Highlights Continued balance sheet growth year over year… Income Summary Q1 2020 Q1 2019 Change Net Interest Income $4,219,000 $3,649,000 15.62% Provision for Loan Losses $185,000 $0 100% Non-Interest Income $3,023,000 $2,872,000 5.26% Non-Interest Expense $4,030,000 $3,810,000 5.7
Slide 3: Safe and Reliable Credit Quality
Safe and Reliable Credit Quality 30 days+ past due: total $341,151.26 No non-performing assets (NPAs) No other real estate owned (OREO) loans Allowance vs. Non-Performing ($000’s) Reserves / Loans 1.04% $3,500 1.02% $3,000 1.00% $2,500 Allowance for Loan & Lease 0.98% $2,000 Loss 0.96% $1,500
Slide 4: Loans, cont.
Loans, cont. Our average loan yield has declined along with rates Commercial Real Estate concentration is approaching the top of the 300% guideline Average Loan Yield Commercial Real Estate 4.9% - - - CRE regulatory max = 300% 4.8% - - - ACD regulatory max = 100% 4.7% ACD CRE 200% 400% 4.6% 4.5%
Slide 5: Deposits Cost Stabilizes
Deposits Cost Stabilizes Non-interest bearing accounts (NIBAs) are a key part of our funding but lose some of their advantage as rates approach zero NIBA / Total Deposits Cost of Deposits After Effect of NIBA Fed Funds Fed Fed 30.47% Funds 29.03% 29.23% 2.25% Funds 28.02% 1.2% 2% 1.75% 27.12% 26.7
Slide 6: Net Interest Margin Increases in Q1
Net Interest Margin Increases in Q1 NIM has increased due to declining Fed Funds rates and reduced cost of funds TRUX NIM has been aided by fixed rate assets and floating liabilities, but that’s perishable NIM vs. Cost of Funds NIM vs. Fed Funds 3.5% 1.2% 4.0% 3.4% 1.1% 3.5% 3.4% 1.0% 3.0% 3.3%
Slide 7: ROAE and Efficiency Ratio
ROAE and Efficiency Ratio ROAE vs. Efficiency Ratio 18% 50% 16% 52% 54% 14% 56% 12% 58% (inverted scaled) Efficiency Ratio 10% ROAE 60% 8% 62% 6% 64% 4% 66% 2% 68% 0% 70% 2014 2015 2016 2017 2018 2019 YTD 2020 ROAE Efficiency Ratio Truxton Trust 7
Slide 8: Wealth Management Growth Continues
Wealth Management Growth Continues Non-interest income constituted 43% of total revenue in 2019 Wealth management services represents 90.7% of total non-interest income YTD 2020 Wealth management revenue increased 2.62% in Q1 2020 compared to Q1 2019 Wealth Management Revenue ($000’s) Wealth M
Slide 9: TRUX Financial Returns are Excellent
TRUX Financial Returns are Excellent Efficiency ratio decreased by 12.32% in Q1 2020 compared to Q1 2019 Net interest margin (NIM) increased 4.64% compared to Q1 2019 Return on average assets (ROAA) up 4 basis points from Q1 2019 Return on average equity (ROAE) down 19 basis points from Q1 2
Slide 10: Truxton Trust
I TRUXTON TRUST A PRIVATE BANK