Unity Bancorp, Inc. · NASDAQ:UNTY
Unity Bancorp — Investor Presentation (August 2021)
18 slides from Unity Bancorp's investor presentation, Aug 3, 2021
Slide 1: Unity Bancorp, Inc. 6/30/2021
w Unity BANCORP INC 6/30/2021 NASDAQ: UNTY
Slide 2: Forward-Looking Statements
Forward-Looking Statements 7 This presentation may contain forward-looking statements with respectto Unity Bancorp’s financial condition, results of operations and business. Do not unduly rely on forward-looking statements. Forward- looking statements can be identified by the use of words such as “m
Slide 3: Company Snapshot
Company Snapshot y « Founded September 16, 1991 « Headquartered in Clinton, New Jersey « Approximately $2.0 billion in assets and $1.6 billion in deposits « Unity Bank provides financial services to retail, corporate and small business customers through its 19 retail service offices located in Berge
Slide 4: Bank Franchise
Bank Franchise yY ity Bank Branch Locations Forks Township, PA Phillipsburg, NJ Washington, NJ Glinton, NJ Flemington, NJ Whitehouse, NJ Somerset, NJ North Plainfield, NU Middlesex, NJ Highland Park, NJ Edison, NJ South Plainfield, NJ Scotch Plains, NU Union, NJ Linden, NJ Somenille, NJ Emerson, NJ
Slide 5: Executive Management Team
Executive Management Team James A. Hughes, CPA President! Chief Executive Officer George Boyan Chief Financial Officer John J. Kauchake Chief Operating Officer Janice Bolomey Director of Sales! Chief Administrative Officer Joined in 2021 Joined in 1996 Joined in 2001 32 years T years 47 years 32 yea
Slide 6: Engaged Board of Directors
Engaged Board of Directors David Dallas, Chairman of the Board, and Robert Dallas, Board Member, both founding members of the Bank @ Average tenure of Board Members is 15 years @ Diverse experience including financial industry, medical professionals, university professional and business ownership Di
Slide 7: Recent Financial Performance
Recent Financial Performance
Slide 8: Financial Highlights
Financial Highlights $16.9 $1,654.0 $1,627.8 $10.5 $0.96 6/30/2020 6/30/2021 6/30/2020 6/30/2021 YTD YTD YTD YTD 12/31/2020 6/30/2021 Net Income Diluted EPS Total Loans Total Deposits « Total Loans — 1.6% increase « Total Deposits — 2.3% increase + 14.6% increase in residential construction loans ‘+
Slide 9: Historical Growth
Historical Growth (dollars in millions) € Total Assets Total a 2,500.0 7 2,000.0 $1,958.9 _$1,9733 $1,718.9 siasss 515792 1,500.0 — 1,000.0 500.0 $1,170.7 2017 2018 2019 2020 6/30/2021 2017 2018 2019 2020 6/30/2021 Total ai Ss Total Equity 1,800.0 1,600.0 re $1,558.0__$1,594.3 1,400.0 ares 12000 ST
Slide 10: Loan Mix
Loan Mix AS (dollars in millions) Y $1,800.00 Loan Composition - Regulatory Classification $1,654.0 90 $1,627.8 $1,600.00 CAE $1,425.6 $1,400.00 $87.2) 's99.9 $1,200.00 | —$1.170.7 5467.6 vie 7 $1,000.00 + ; 167. $800.00 $600.00 Balance ‘Non Owner Occ. CRE $ 325,251 $400.00 1-4 Family 503,659 Constr
Slide 11: Deposit Trend
Deposit Trend (dollars in millions) $1,800.00 $1,600.00 $1,400.00 $1,207.7 $1,200.00 $1,250.1 $459.7 pasoy | 810432 orop $1,000.00 $256.1 $800.00 $600.00 $400.00 }— $200.00 gs te — - 2017 2018 Savings deposits w interest-bearing deposits $279.8 = 2019 2020 6/30/2021 uTime deposits Noninterest-bearin
Slide 12: Summary Income Statement and Profitability
A Summary Income Statement and Profitability (dollars in millions) Net Interest Income Provision for Loan Losses 0.5 ‘Noninterest Income 6.6 ‘Noninterest Expense 20.3 Provision for Income Taxes 5.4 (Net Income $ $ 16.9 Diluted Earnings Per Share $ 0.96 $ 1.60 Return on Average Assets 125 % 181 % Ret
Slide 13: Net Interest Income & Net Interest Margin
Net Interest Income & Net Interest Margin (dollars in millions) $90.00 4.50%) | $45.00 4.50% 4.06% $80.00 =O oe SaRE ‘s.00%4 [40-00 : 4.00% $70.00 $35.00 3.5084 564.4 ae: 3.50% $30.8 $60.00 $30.00 3.00%! $50.00 3.00% | $25.00 2.50%| $40.00 2.50% | $20.00 2.00%} $30.00 $15.00 1.50% 2.00: $20.00 $10.0
Slide 14: Noninterest Income
Noninterest Income es (dollars in millions) y 14.00 57.00, . $129 s 358 $12.00 $6.00 $5.3 . $9. x $10.00 90 $5.00 $8.3 $8.00 $4.00 $6.00 $3.00 $4.00 $2.00 $2.00 $1.00 s- $- 2017 2018 2019 2020 6/30/2020 6/30/2021 um Noninterest income @Noninterest Income
Slide 15: Noninterest Expense
Noninterest Expense (dollars in millions) € $50.00 -—237% 3340 2.50% | | $25.00 2.50% se 2.25% 2.24% ° 228% PETS $45.00 eS $40.00 2.00% | | $20.00 2.00% $35.00 $30.00 130% | | 915-00 boom. $25.00 $10.00 1.00% $20.00 1.00% $15.00 $5.00 0.50% $10.00 0.50% $50 e 0.00% s oun 6/30/2020 6/30/2021 2017 201
Slide 16: Profitability Progression
Profitability Progression Diluted Earnings and Dividends per Share $2.50. 7 $1.80. $2.19 $1.60 $2.14 avi $1.60 $2.00. + $1.40 $1.20 |— $1.50 +136 $1.00 4 $0.96 $0.80 $1.00 $0.60 $0.40 $0.50 4 $0.3; $0.2 $0.2 $0.20 | $0.1 $0.1 _ = s- s LO 2017 2018 2019 2020 6/30/2020 6/30/2021 Dividends Per Share Di
Slide 17: Repurchased Shares
Repurchased Shares ttlement Date January - 1$ - - |$ - |$ - February 60,095 1,152,561 3,050 19.18 1,155,611 March 9,692 193,647 507 19.98 194,154 April 25,795 551,295 1,327 21.37 552,623 May) - - - - - June} 14,639 322,416 762 22.02 323,177 Total 110,221] $ 2,219,919 | $ 5,646/$ 20.14| $ 2,225,565 R
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