Mystic Financial — Shareholder Meeting (October 2003)
15 slides from Mystic Financial's shareholder meeting presentation, Oct 22, 2003
Slide 1: Mystic Financial, Inc. 2003 Annual Stockholders Meeting
Mystic Financial, Inc. 2003 Annual Stockholders Meeting 201 Salem Street Medford, Massachusetts 10:00 am October 22, 2003
Slide 2: Corporate Overview
Corporate Overview » Headquartered in Medford, Massachusetts; » Three branches in Medford; » Branch in Lexington opened in 1998; » Branch in Arlington opened in 2000; » Branch in Bedford opened in 2002; » Branch in Malden opened in 2003. » Converted from mutual to stock in January 1998; » Descriptio
Slide 3: Corporate Recognition
Corporate Recognition » Community Newspapers Best Community Bank in Medford and the North 3 Region; » Boston Globe Top 100 Performing Company; » Boston Business Journal Top 50 Best Places to Work;
Slide 4: Financial Overview
Financial Overview » The Company has realized significant growth in its balance sheet over the past four years: » Annual compound growth in total assets of 19%; » Annual compound growth in net loans of 16%; » Annual compound growth in total deposits of 21%. » We have grown earnings per share | > in
Slide 5: Summary of 2003 Performance
Summary of 2003 Performance » Earnings of $1.17 per share for fiscal 2003 versus $1.03 per share for 2002, an increase of | 6°. » Deposits increased to $343.6 million, up $76.1 million or ©) ©, due to: » our new branches in Bedford and Malden; » business gained from competitors that sold; » an attra
Slide 6: Summary of 2003 Performance
Summary of 2003 Performance » We raised $7 million in additional trust preferred to support our core growth. » Total stockholders equity of $26.2 million was up $2.3 million or |) from the prior year end. » As a result of our strong performance, we declared a 5% stock dividend on July 9, payable to
Slide 7: 2003 Operating Achievements
2003 Operating Achievements » Strong internal growth and continued loan portfolio diversification. » Opportunistic expansion of our footprint to help serve adjoining communities. » Balance sheet strategies employed to help offset margin pressure.
Slide 8: Strong Internal Growth
Strong Internal Growth Total Assets Fiscal years ended June 30 4505 4004 19.2% CAGR 3504 (millions) 1997 1998 1999 2000 2001 2002 2003
Slide 9: Growth in Earnings per Share
Growth in Earnings per Share Fiscal years ended June 30 120 18.2% CAGR 1.00 0.80 0.60 0.40 0.20 0.00 1999 2000 2001 2002 2003 * All shave and per share numbers have been aduusted for the Compary’’s 5% stock dividend declared in July 2003; 2001 earnings
Slide 10: Loan Portfolio Diversification
Loan Portfolio Diversification June 1997 wResidential | Commercial June 2003 Residential includes 1-4 faanily, home equity and other consumer. Residential ») Commercial Commercial includes commercial RE, commercial business loans and construction
Slide 11: Successful De Novo Branch Growth
cc 7 iy: LL Successful De Novo Branch Growth De Novo Branch Deposits in Middlesex County 80,000 70,000 60,000 E 50,000 $ S @ — 40,000 30,000 s A 20,000 10,000 0 Year 1 Year 2 Year 3 Year 4 Year 5 EMYST-Lexington| 18.664 40,302 52,069 68,336 78,799 OMYST- Arlington 6357 14,822 21,064 26.934 BMYST- Be
Slide 12: Effective Use of Stockholder Capital
Effective Use of Stockholder Capital Equity to Assets Fiscal years ended June 30 25.0 20.0 15.0 (%) 10.0 5.0 0.0 1997 1998 1999 2000 2001 2002 2003 1997 ratio is pro forma at the time ofthe conversion
Slide 13: Cash Dividends per Share
Cash Dividends per Share Fiscal years ended June 30 0.35 0.30 0.25 0.20 0.15 0.10 0.05 0.00 1998 1999 2000 2001 2002 2003 1998 dividend data represents a partial year following conversion. * All share and per share numbers have been adjusted for the Compary’s 596stock dividend declared in July 2002
Slide 14: Stock performance versus Nasdaq indices
225 200 4 175 4 150 4 125 4 100 4 75 Jun 98 Jun 99 Jun 00 Jun 01 Jun 02 Jun 03 ‘My stic Financial, Ine 100 83 86 14 126 167 Nasdaq Comp osite 100 144 212 115 79 87 — Nasdaq Bank Index 100 99 81 112 126 128
Slide 15: Forward Looking Statements
Forward Looking Statements The foregoing material may contain forward looking statements. We caution that such statements may be subject to a number of uncertainties and actual results could differ materially and, therefore, readers or attendees should not place undue reliance on any forward looking
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