Fauquier Bankshares — Shareholder Meeting (May 2019)
31 slides from Fauquier Bankshares's shareholder meeting presentation, May 21, 2019
Slide 1: Fauquier Bankshares, Inc.
=> Fauquier Bankshares, Inc.
Slide 2: 2019 Annual Shareholders' Meeting
2 + Fauquier Bankshares, Inc. 2019 Annual Shareholders’ Meeting May 21, 2019
Slide 3: Safe Harbor Statement
Today’s presentations may include forward-looking statements. These statements represent the Company’s beliefs regarding future events that, by their nature, are uncertain and outside of the Company’s control. The Company’s actual results and financial condition may differ, possibly materially, from
Slide 4: Board of Directors
2 + Board of Directors Randolph D. Frostick, Esq. President & Shareholder Vanderpool, Frostick, & Nishanian Donna D. Flory Director of Human Resources QMT Windchimes Kevin T. Carter President Guests, Inc. John B. Adams, Jr. Chairman; President & CEO Bowman Companies Marc J. Bogan President & CEO The
Slide 5: Board of Directors
2 + Board of Directors Sterling T. Strange III President & CEO The Solution Design Group, Inc. P. Kurtis Rodgers President & CEO S.W. Rodgers & Co., Inc. Brian S. Montgomery President & Owner Warrenton Foreign Car, Inc. Randolph T. Minter Vice Chairman; President & Owner Moser Funeral Home Jay B. Ke
Slide 6: Excellence through an Engaged and Empowered Team, valued Relationships
The Fauquier Bank seeks Excellence through an Engaged and Empowered Team, building valued Relationships with our Customers and Community
Slide 7: Excellence, Engagement, Empowerment, Team Work, Relationships
2 + Sample 1 EXCELLENCE • ENGAGEMENT • EMPOWERMENT • TEAM WORK • RELATIONSHIPS Recruit. Hire. Retain. Focused on hiring top talent that aligns with TFB’s vision & values. Voluntary employee turnover is at its lowest rate ever. Employees’ Wellness Increased involvement in our wellness program by 38%
Slide 8: Community Engagement
2 + Community Engagement Community Events Home Buyer Seminars Small Business Lending Seminar Estate Planning & Trust Seminar Financial Literacy Sessions Digital Banking Events & More! Educating Students Teach Children to Save Seminar Lord Fairfax Financial Seminar Bank Day for Local High Schools Pro
Slide 9: Customer First
2 + Customer First Renewed focus on customers’ needs and wants Minute Lender Gold Choice MMA Compass Banking New Products Private Banking for High Net Worth Clients Relationship Product Online Lending Platform 5/5 ARM, 15 Year Balloon Mortgage First Time Home Buyer Products 2018’s Net Account Growth
Slide 10: Customer First: Digital Banking Focus
2 + Customer First Digital Banking Focus Upgraded mobile banking app Text message fraud alerts Redesigned website Upgraded Mobile Deposit Online Bill Pay and eDocs Card Valet integration More to come in 2019!
Slide 11: 2018 was a record breaking year
2018 was a record breaking year Assets Net Income Deposits loans
Slide 12: Net Income Growth
2 + 2 + Title *Adjusted based on net deferred tax revaluation Net Income Growth* 2018 47% 2017 13% 2016 700% 2015 -113%
Slide 13: Earnings Per Share, Diluted Growth
2 + 2 + Title *Adjusted based on net deferred tax revaluation Earnings Per Share, Diluted Growth* 2018 47% 2017 12% 2016 713% 2015 -113%
Slide 14: Book Value and Average Stock Price Per Share
2 + 2 + Title Book Value and Average Stock Price Per Share
Slide 15: Return on Average Assets (ROA) and Return on Average Equity (ROE)
2 + 2 + Title Return on Average Assets (ROA) Return on Average Equity (ROE)
Slide 16: Balance Sheet
2014 Balance Sheet 2015 2016 2017 m= Net Loans mTotal Deposits m Total Assets 2018
Slide 17: Total Loans and Weighted Average Loan Yields
2 + Title Total Loans $ 549 MM Weighted Average Loan Yields 2015 4.48 % 2016 4.42 % 2017 4.49 % 2018 4.69 % Loan Portfolio As of December 31, 2018
Slide 18: Deposit Characteristics
2 + Title Deposit Characteristics Total Core Deposits as % of Total Total Deposits $ 636 MM 87.1 % Weighted Average Deposit Rates 2015 0.34% 2016 0.30% 2017 0.36% 2018 0.54% Deposit Portfolio As of December 31, 2018
Slide 19: Net Interest Margin Growth
2 + Title Net Interest Margin Growth 2018 10% 2017 8% 2016 -- 2015 2% Growth 2018 15 bp 2017 16 bp 2016 -12 bp 2015 7 bp
Slide 20: Net Interest Income Growth
2 + 2 + Title Net Interest Income Growth 2018 10% 2017 8% 2016 -- 2015 2%
Slide 21: TFB Wealth Management Assets Under Management
2 + Title TFB Wealth Management Assets Under Management *Adjusted to show assets in transition due to conversion
Slide 22: Non Interest Income and Non Interest Expense
2 + 2 + Title Non Interest Income Non Interest Expense
Slide 23: 84.00% 82.00% 80.00% 78.00% 76.00% 74.00% 72.00% 70.00% 77.28% 2014 82.36% 2015 2016 mPeerGroup
84.00% 82.00% 80.00% 78.00% 76.00% 74.00% 72.00% 70.00% 77.28% 2014 82.36% 2015 2016 mPeerGroup @TFB
Slide 24: Capital Ratios
2 + 2 + Title Capital Ratios Leverage Ratio Common Equity Tier 1 Capital Ratio Tier 1 Capital Ratio Total Capital Ratio Tangible Equity to Total Assets December 31, 2016 December 31, 2017 December 31, 2018 Well Capitalized Threshold 9.23% 12.22% 12.22% 13.17% 9.33% 9.17% 11.43% 11.43% 12.41% 9.20% 9
Slide 25: Looking Ahead…
Looking Ahead…
Slide 26: Community Outreach in 2019
2 + 2 + Title Community Outreach in 2019 Charity of Choice Campaign 410 New Checking Accounts $40,000 donated to local & national charities Community Bank Investing in its Community
Slide 27: Wealth Management Services
2 + 2 + Title Wealth Management Services For the first time in TFB Wealth Management history the brokerage group is over $100 MM in assets! $37 MM of New Business in 2019 Experience – Over 100 years of collective experience Access- Deep roots in our communities with accessibility that fits our clien
Slide 28: Forward Looking Goals
2 + 2 + Title Forward Looking Goals Grow Assets Manage Overhead Focus on Efficiency Invest In: Build Sustainable Earnings Lines of Business Technology Prince William County Training & Development
Slide 29: Contact information
2 + 2 + Contact information Marc J. Bogan President & Chief Executive Officer marc.bogan@tfb.bank Christine E. Headly Executive Vice President & Chief Financial Officer chris.headly@tfb.bank Tammy P. Frazier, CPA Vice President & Controller tammy.frazier@tfb.bank www.tfb.bank
Slide 30: Thank You
Title THANK YOU
Slide 31: Photo Attributions
Title Photo Attributions “Center Street, Old Town Manassas” by Jon Cornwell is licensed under CC BY 2.0 - Page 31