Camden National Corporation · NASDAQ:CAC
Camden National — Q2 2023 Earnings Presentation
10 slides from Camden National's earnings presentation, Jul 25, 2023
Slide 1: Q2 2023 Earnings Release Supplement
1 Q2 2023 Earnings Release Supplement July 25, 2023
Slide 2: Forward Looking Statements
2 Forward Looking Statements This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including certain plans, exceptions, goals, projections, and statements, which are subject to numer
Slide 3: Non-GAAP Financial Measures
3 Non-GAAP Financial Measures This presentation includes certain non-GAAP financial measures. Management uses these non-GAAP financial measures for purposes of measuring our performance against our peer group and other financial institutions and analyzing our internal performance. These non-GAAP fin
Slide 4: Deposits
4 Deposits (1) Fed funds effective represents the quarterly average rate. (2) This is a non-GAAP financial measure. Please refer to the non-GAAP reconciliation table at the end of this presentation. Average Deposit Composition and Cost ($ in billions) Customers with <$1mm in balances made up 65% of
Slide 5: Uninsured Deposits and Liquidity
5 Uninsured Deposits and Liquidity Primary Liquidity Sources ($ in millions) Amount Amount Amount Excess Cash(2) $28.3 $17.3 $17.9 Unpledged Investment Securities 428.3 475.2 321.5 Unpledged Municipal Securities 94.0 95.0 89.9 Over Collateralized Securities Pledging Position 58.0 150.8 228.6 FHLB Bo
Slide 6: Commercial Diversification
6 Commercial Diversification $2.1 billion $1.1 billion Commercial Real Estate • 65% of real estate located in Maine, 20% in New Hampshire, and 11% in Massachusetts • 80% non-owner occupied, 20% owner occupied • No material changes since 3/31/23 Real Estate Investment Breakdown (as of 6/30/23) CRE an
Slide 7: Investment Portfolio
7 Investment Portfolio • 59% AFS, 41% HTM • Duration of 5.7 years and weighted-average life of 7.7 years • Net unrealized loss on debt securities was ($139) million at 6/30/23 • AFS unrealized loss of ($100) million • HTM unrealized loss of ($39) million Corporate Bond Ratings (20 holdings) Municipa
Slide 8: Capital and Credit
8 Capital and Credit Provision for loan losses (annl.) / Avg loans 0.90% • At 6/30/23, net unrealized losses on investments were ($139) million • All regulatory capital ratios would continue to exceed regulatory requirements if investment losses were realized 0.92% 0.95% TCE ratio(1) and CET1 ratio
Slide 9: Appendix
¢ Camden NATIONAL CORPORATION Appendix
Slide 10: Non-GAAP Reconciliation
10 Non-GAAP Reconciliation (In thousands) June 30, 2023 March 31, 2023 Total deposits, as presented 4,693,745$ 4,642,734$ Add: Customer repurchase agreements 193,182 196,918 Less: Brokered deposits 224,255 215,949 Adjusted total deposits 4,662,672$ 4,623,703$