Sierra Bancorp · NASDAQ:BSRR
Sierra Bancorp — Merger or Acquisition (January 2016)
7 slides from Sierra Bancorp's merger presentation, Jan 5, 2016
Slide 1: Investor Presentation
January 4, 2016 Investor Presentation
Slide 2: Forward-Looking Statement
Forward - Looking Statement This press release contains forward - looking statements concerning Sierra Bancorp and Bank of the Sierra and their operations, performance, financial conditions and likelihood of success. All statements other than statements of historical fact are “forward - looking stat
Slide 3: Transaction Rationale: Entry into San Luis Obispo County
Acquisition provides entry into attractive San Luis Obispo County Projected 5 - year Household Income growth expected to be 8.23%; greater than state of CA average Expected population growth higher than national average Primary industries of region are agriculture, tourism and technology Low cost co
Slide 4: Transaction Overview
Transaction Overview (1) Deal value based on BSRRs closing price of $17.51 as of 1/4/2016 and 5,646,881 CTBP common shares outstanding and 467,000 options outstanding with a weighted average exercise price of $1.43. (2) Purchase price based on BSRR’s closing price of $17.51 as of 1/4/2016. Transacti
Slide 5: Pro Forma Loan Composition
Pro Forma Loan Composition Yield on Loans: 4.94% Total Loans: $1,054mm Construction 3.9% Residential R.E. 30.5% Commercial R.E. 50.4% Commercial & Industrial 10.1% Consumer & Other 5.0% Yield on Loans: 5.37% Total Loans: $92mm Total Loans: $1,146mm Construction 13.2% Residential R.E. 5.1% Commercial
Slide 6: Pro Forma Deposit Composition
Total Deposits: $1,556mm Cost of Deposits: 0.16% Total Deposits: $126mm Cost of Deposits: 0.12% Total Deposits: $1,429mm Demand Deposits 30.8% NOW & Other Trans. Accts 27.2% MMDA & Other Savings 21.2% Retail Time Deposits 5.2% Jumbo Time Deposits 15.6% Demand Deposits 43.8% NOW & Other Trans. Accts
Slide 7: Sierra Bancorp: Keep Climbing
NASDAQ: BSRR SIERRA BANCORP KEEP CLIMBING
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