The Bancorp, Inc. · NASDAQ:TBBK
The Bancorp — Bancorp — FBR Capital Markets Fall Investor Conference 2008
20 slides from The Bancorp's conference presentation, Dec 3, 2008
Slide 1: FBR Capital Markets Fall Investor Conference
Exhibit 99.1 * ********* ********* * ********* * ********* ********* * ********* * ********* ********* * ********* * ********* ********* ********* ********* ********* ********* ********* ********* ********* FBR Capital Markets Fall Investor Conference ********* ********* December 3, 2008 ********* *
Slide 2: Forward Looking Statements
********************* ********************* Forward Looking Statements ********************* ********************* ********************* ********************* ********************* ********************* ********************* ********************* Safe Harbor Statement under the Private Securities Li
Slide 3: The Bancorp, Inc. - Overview
The Bancorp, Inc. - Overview The Bancorp, Inc. is a An FDIC-insured commercial bank with a branchless deposit strategy that delivers a full array of Delaware corporation with a wholly owned subsidiary, commercial and consumer banking services both locally and nationally through private label banking
Slide 4: Senior Management
Senior Management Senior management has a Highly experienced senior management team with an aggregate of over 140 years of experience significant ownership stake in the company providing middle market banking services – Management has a significant history together as most are former executives of a
Slide 5: Growth Engine
********************* ********************* Growth Engine ********************* ********************* DEPOSITS LOANS ********************* Private Label Banking: Capture stable, low-cost Originates high-credit quality, well collateralized ********************* core deposits loans to local businesses
Slide 6: Growth Engine: Lines of Business: Deposits
Growth Engine: Lines of Business: Deposits The Bancorp, Inc. employs a multi-channel growth “Private-Label” Banking strategy – Provider of private label banking services for non-bank businesses – Access large customer groups at low acquisition costs – Private label partners derive from our four main
Slide 7: Growth Engine: Lines of Business: Deposits
Growth Engine: Lines of Business: Deposits Private Client The Bancorp, Inc. employs – Deposit and asset gathering channel a multi-channel growth – Currently have 24 partners representing approximately $110 billion of assets under management strategy Over 7,000 investment advisors serving more than 2
Slide 8: Deposits
Deposits The Bancorp has leveraged its private label partnerships to grow core deposits Note: as of 9/30/08 7
Slide 9: Deposits: Core By Lines of Business
Deposits: Core By Lines of Business The Bancorp has leveraged its private label partnerships to grow core deposits Note: as of 9/30/08 8
Slide 10: Deposits: Private Label Deposits by Remaining Contractual Term
Deposits: Private Label Deposits by Remaining Contractual Term The Bancorp has long term (in many cases exclusive) agreements in place with its private label banking partners. 90% of agreements contain provisions to automatically renew at maturity. Note: as of 9/30/08 9
Slide 11: Growth Engine: Lines of Business: Loans
Growth Engine: Lines of Business: Loans The Bancorp, Inc. employs a multi-channel growth Community Bank strategy Offers traditional community banking products and services Leverages the business relationships developed during management team’s tenure in banking Targets highly fragmented Philadelphia
Slide 12: Loan Portfolio Growth
Loan Portfolio Growth Since 2000, The Bancorp 2000 2001 2002 2003 2004 2005 2006 2007 has grown total loans at a Commercial $ 4,172 $ 30,250 $ 36,037 $ 53,130 $ 89,327 $ 119,654 $ 199,397 $ 325,166 compound annual growth Commercial Mortgage 1,149 37,939 71,016 89,772 140,755 190,153 327,639 369,124
Slide 13: Credit Performance
Credit Performance Nine months ended September 30, December 31, 2008 2007 2006 2005 2004 2003 (dollars in thousands) Balance in the allowance for loan and lease losses at beginning of period $ 10,233 $ 8,400 $ 5,513 $ 3,593 $ 1,991 $ 1,379 Loans charged-off: Commercial 734 2,545 8 123 10 - Lease fin
Slide 14: Acquisitions
Acquisitions The Bancorp has utilized Stored Value Solutions Business Acquisition Mears Motor Livery Corp Acquisition acquisitions to augment its Deal Overview Deal Overview organic growth strategy Target Stored Value Solutions Business Target Mears Motor Livery Corp Seller Marshall Bankfirst Corpor
Slide 15: Selected Financial Information
Selected Financial Information For the three months ended For the year ended December 31, Operating Ratios 9/30/2008 2007 2006 2005 2004 2003 Return on average assets 0.06% 1.04% 1.19% 1.02% 0.79% 0.41% Return on average equity 0.92% 9.15% 8.90% 5.69% 3.94% 4.93% Net interest margin 3.28% 3.90% 4.32
Slide 16: Balance Sheet Growth
Balance Sheet Growth Since 2000, The Bancorp $2,000,000 has grown total assets at a 1,750,495 compound annual growth $1,800,000 rate of approximately 46% $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 86,166 $0 2000 2001 2002 2003 2004 2005 2006 2007 9/30/2008 Deposi
Slide 17: Net Interest Margin
Net Interest Margin Strong loan growth coupled with the ability to leverage deposit relationships has translated into TBBK’s net interest margin 16
Slide 18: Balance Sheet
******************* ******************* Balance Sheet ******************* September 30, ******************* 2008 (unaudited) December 31, 2007 ******************* ASSETS Cash and cash equivalents (in thousands) ******************* Cash and due from banks $ 77,233 $ 21,121 Interest bearing deposits 2
Slide 19: Current Initiatives For Future Growth
Current Initiatives For Future Growth The Bancorp made significant investments to Asset/Liability Generation build or acquire platforms – Affinity Group Relationships that will generate and Continue to leverage the economies of scale of internally developed systems to provide banking products throug
Slide 20: Summary
*********************** *********************** Summary *********************** *********************** *********************** *********************** Experienced and proven management team *********************** *********************** Attractive growth opportunities in multiple lines of business
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