First Bancshares, Inc. · OTC:FIBH

First Bancshares — Investor Presentation (April 2020)

14 slides from First Bancshares's investor presentation, Apr 30, 2020

  1. Slide 1: Investor Presentation

    1 Investor Presentation April 29, 2020 NASDAQ: FBMS

  2. 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 co nstitute “forward - looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as

  3. 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 proced

  4. 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 purch

  5. Slide 5: Loan Portfolio Potential Increased Risk Sectors

    5 Loan Portfolio Potential Increased Risk Sectors SECTOR BOOK BALANCE AVAILABLE TOTAL COMMITTED % OF LOANS HOTELS $108.9 MILLION $2.6 MILLION $111.5 MILLION 4.3% RESTAURANTS $89.4 MILLION $2.2 MILLION $91.6 MILLION 3.5% RETAIL $172.2 MILLION $4.9 MILLION $177.1 MILLION 6.8% CONVENIENCE STORES $53.1

  6. Slide 6: Loan Portfolio Risk Sectors Detail

    6 Loan Portfolio Risk Sectors Detail SECTOR TOTAL COMMITTED % OF LOANS LTV % HOTELS $111.5 MILLION 4.3% 51.6% FLAGGED $86.5 MILLION NON - FLAGGED $25.0 MILLION RESTAURANTS $91.6 MILLION 3.5% 56.0% CHAIN $38.3 MILLION NON - CHAIN $49.6 MILLION CONSTRUCTION $3.7 MILLION RETAIL $177.1 MILLION 6.8% 51.7

  7. Slide 7: Loan Portfolio Risk Sectors by State

    7 Loan Portfolio Risk Sectors by State SECTOR TOTAL COMMITTED % OF LOANS LTV % HOTELS $111.5 MILLION 4.3% 51.6% MISSISSIPPI $31.3 MILLION 56.5% LOUISIANA $45.7 MILLION 45.9% ALABAMA $8.3 MILLION 55.2% FLORIDA $26.2 MILLION 65.3% RESTAURANTS $91.6 MILLION 3.5% 56.0% MISSISSIPPI $23.1 MILLION 68.5% LO

  8. Slide 8: Risk Sectors by State Continued

    8 Risk Sectors by State Continued SECTOR TOTAL COMMITTED % OF LOANS LTV % RETAIL $177.1 MILLION 6.8% 51.7% MISSISSIPPI $57.1 MILLION 49.4% LOUISIANA $34.4 MILLION 56.1% ALABAMA $23.4 MILLION 48.3% FLORIDA $50.8 MILLION 52.4% GEORGIA $11.4 MILLION 56.3%

  9. Slide 9: Loan Modifications Resulting from COVID-19

    $410 MILLION IN MODIFICATIONS OF WHICH VAST MAJORITY ARE 3 MONTH DEFERRALS ENHANCED RISK SECTORS WITH MODIFICATIONS AS OF APRIL 24, 2020: 9 Loan Modifications Resulting from COVID - 19 SECTOR TOTAL MODIFIED % OF SECTOR TOTAL HOTELS $40.0 MILLION 35.9% RESTAURANTS $46.9 MILLION 51.2% RETAIL $54.0 MIL

  10. Slide 10: Payroll Protection Program (PPP)

    DUE TO THE LEVEL OF DEMAND, OUR PRIMARY FOCUS IS SERVICING EXIST ING CUSTOMERS AS OF APRIL 24, 2020 WE HAVE PROCESSED 1,660 LOANS TOTALING $199 .3 MILLION PPP LOANS MADE TO ENHANCED RISK SECTORS ARE DETAILED BELOW: 10 Payroll Protection Program (PPP) HOTELS $0.8 MILLION RESTAURANTS $18.2 MILLION RET

  11. Slide 11: Loan Reserves & NPAs

    11 LOAN RESERVES & NPAs LOAN BALANCES ALLL/CREDIT MARK ALLL/MARK TO LOANS ACQUIRED LOANS NOT INCORPORATED INTO ALLL MODEL $695.3 MILLION $8.9 MILLION MARK 1.3% ACQUIRED PURCHASED CREDIT IMPAIRED LOANS $16.7 MILLION $1.9 MILLION MARK 11.0% LOANS INCORPORATED INTO ALLL MODEL $1.890 BILLION $20.8 MILLI

  12. Slide 12: Balance Sheet Management: Liquidity

    LIQUIDITY INVESTMENT PORTFOLIO IS 19% OF TOTAL ASSETS 92% IN AGENCY MBS AND MUNICIPAL AVERAGE LIFE – 4.4 EFFECTIVE DURATION – 3.56 2 YEAR PRINCIPAL CASH FLOW – 32% ON HAND LIQUIDITY OF 17.2% PRIMARY AND SECONDARY SOURCES OF LIQUIDITY 12 Balance Sheet Management Cash and Due From Banks $285 MILLION U

  13. Slide 13: Solid Capital

    SOLID CAPITAL 13 Balance Sheet Management MARCH 31, 2020 ESTIMATES The First, ANBA First Bancshares TOTAL SHAREHOLDER’S EQUITY $632.6 MILLION $555.9 MILLION COMMON EQUITY TIER 1 CAPITAL RATIO 15.5% 12.7% TIER 1 CAPITAL RATIO 15.5% 13.2% TOTAL RISK - BASED CAPITAL RATIO 16.2% 16.3% LEVERAGE RATIO 11.

  14. Slide 14: The First Bancshares, Inc.

    TheFirst BANCSHARES, INC. NASDAQ: FBMS -OThetire 2

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