CNB Community Bancorp Inc · OTC:CNBB
CNB Community Bancorp — Investor Presentation (November 2024)
21 slides from CNB Community Bancorp's investor presentation, Nov 12, 2024
Slide 1: CNB Community Bancorp, Inc. Investor Presentation
fl. Community Bancorp, Inc. INVESTOR PRESENTATION NOVEMBER 12, 2024 UPDATED THROUGH SEPTEMBER 30, 2024 CNB Headquarters | Hillsdale
Slide 2: Overview
Overview Ticker (OTCQX): CNBB Year Established: 1934 Total Assets: $1.26 Billion Total Assets Under Management: $357.9 Million Total Loans, net: $1.04 Billion Deposits: $1.05 Billion
Slide 3: County National Bank Executive Leadership
County National Bank Executive Leadership
Slide 4: Community Banking in Action
Community Banking in Action Volunteer Hours in 2023: 4,400+ hours for over 170 organizations Donations and Sponsorships in 2023: in excess of $239,000 Paycheck Protection Program (PPP) Loans in 2020 and 2021: originated $210.6 Million to more than 1,800 businesses
Slide 5: Forward Looking Statements Disclaimer
Forward Looking Statements Disclaimer The statements contained herein that are not historical facts are forward-looking statements based on management’s current expectations and beliefs concerning future developments and their potential effects on the Company. Such statements involve inherent risks
Slide 6: All dollars presented in tabular format are in (000's)
*All dollars presented in tabular format are in (000’s)
Slide 7: Net Income & NIM
Net Income & NIM • Net Income increased by 12.9% through the first nine months of 2024 compared to the first nine months of 2023. • Net Interest Margin in 2024 increased over year-end 2023 despite higher cost of funds due to higher return on credits and other strategic investments. • Net Interest In
Slide 8: Noninterest Income
Noninterest Income • Noninterest income comprised largely of: • Interchange revenue • Deposit account service charges • Wealth Management revenue • Gain on sale of loans markedly reduced in the last three years primarily due to: • Lack of available properties • Challenging economic environment • Tra
Slide 9: Noninterest Expense
Noninterest Expense • Noninterest expense as a percentage of average assets, overall, has continued its downward trend since 2020. • Increase from 2022 to 2024 in noninterest expense to average assets, primarily is due to continued expense related to surpassing $1 Billion in assets, including associ
Slide 10: Securities/Investments
• The portfolio has decreased recently as deposit dollars have been funding loans with the balance at Securities/Investments September 30, 2024 being approximately $142 Million with a duration of 4.08 and an average yield of 3.62%. • From the third quarter of 2023 to the third quarter of 2024, the a
Slide 11: Deposit Growth/Composition
Deposit Growth/Composition Deposit growth is organic within the communities Compared to September 30, 2023, the September 30, that we serve, with minimal brokered deposits. 2024 average interest-bearing deposit rate increased from 1.85% to 2.38%. Note that this is only up from 1.96% at year-end 2023
Slide 12: Consumer, Commercial, and Public Funds Breakout and Deposit Rates by Product
Consumer, Commercial, and Public Funds Breakout and Deposit Rates by Product • Commercial and public funds make up nearly 60% of all deposits. • Approximately 55% of consumer deposits consist of savings and • Deposit accounts have continued to transition to the time deposits. higher, more costly acc
Slide 13: Liquidity
Liquidity • CNB remains liquid with sufficient cash and ability to borrow in secondary markets. • CNB has a blanket lien pledge on loans that provides $251.9 Million in collateral for potential borrowings (this is part of the high level of ability to borrow). • No significant geographic nor product
Slide 14: Leverage Strategy Borrowing
Leverage Strategy Borrowing • CNB employed some of the available leverage on the balance sheet and borrowed $50 Million from the FHLB of Indianapolis in December of 2023. • The approximate rate on the borrowings was 4.12% with an average life of just over 3.7 years. • As of September 30, 2024, there
Slide 15: Loan Growth/Portfolio Composition
Loan Growth/Portfolio Composition • Low levels of nonowner occupied CRE and multifamily CRE, • Record level of loan balances each year. as they make up less than 8% of credits. • Portfolio average yield for the 3rd quarter of 2024 • CNB has predominately a commercial credit portfolio, with was 5.74%
Slide 16: Classified Assets
Classified Assets • OREO: N/A • As of September 30, 2024, there were no OREO properties. • Nonaccrual: $5.2 Million • Greater than 50% of the nonaccrual credit amount is a single commercial borrower. • Substandard: $26.5 Million • 93% of the credits consist of commercial mortgages, with the remainde
Slide 17: Quarter over Quarter Comparison
Quarter over Quarter Comparison
Slide 18: Comparison: Current Period to Year-End
Comparison: Current Period to Year-End
Slide 19: Year over Year (five years)
Gcoramunity Bancorp, Inc. Year over Year (five years) Dollars in thousands (Except per share) 9/30/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020) % Change Assets 1,256,563 1,245,961 1,165,301 |$ 1,148,885 937,908 33.98% Deposits 1,045,258 1,073,388 1,063,325 |$ 1,044,979 840,163 24.41% Borrowings
Slide 20: Year over Year Book Value to Market Value and TBV/MV Comparison
Year over Year Book Value to Market Value and CNBB moved to trading over-the- • counter in late 2017 when it moved TBV/MV Comparison to OTC Pink. • In 2021, CNBB outsourced its 126.30% transfer agent activities so was able to move to the highest level of non- 107.56% 108.64% 122.24% exchange trading
Slide 21: CNB Community Bancorp, Inc.
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