First Mid Bancshares, Inc. · NASDAQ:FMBH
First Mid Bancshares — First MID Illinois Bancshares — Investor Presentation (September 2014)
21 slides from First Mid Bancshares's investor presentation, Sep 3, 2014
Slide 1: Mike Taylor CFO mtaylor@firstmid.com 217.258.3306 Joe Dively Chairman and CEO jdively@firstmid.com 217.258.9520 Since…
Mike Taylor CFO mtaylor@firstmid.com 217.258.3306 Joe Dively Chairman and CEO jdively@firstmid.com 217.258.9520 Since 1865
Slide 2: Disclosures
Disclosures Forward-looking Statements This presentation may contain certain forward-looking statements, such as discussions of the Company’s pricing and fee trends, credit quality and outlook, liquidity, new business results, expansion plans, anticipated expenses and planned schedules. The Company
Slide 3: Company Overview
Over 400 people. One mission. To satisfy the broad financial needs of our customers, provide value for our shareholders, career opportunities for employees, and contribute to the well-being of our communities. We distinguish ourselves by our actions and by our results. Company Overview First Mid-Ill
Slide 4: History and Recognition
History and Recognition First Mid-Illinois Bancshares has a proud 150-year history of service to agricultural, small business and retail customers. • First National Bank of Mattoon established in 1865 • One of the oldest nationally chartered banks in the country • First Mid-Illinois Bancshares, Inc.
Slide 5: Strategic Advantages
Strategic Advantages First Mid-Illinois Bancshares is able to provide strong strategic advantages in key areas: • Diverse Geographic Footprint • Demonstrated Ability to Raise Capital and Successfully Complete Acquisitions • Consistent Dividends to Shareholders • Experienced Management with Track Rec
Slide 6: Diverse Geographic Footprint
Diverse Geographic Footprint Regions Regions Branches Deposits Peoria 9 $259,974,305 Decatur/Champaign 8 114,137,582 Sullivan 8 296,908,967 Central Region 8 557,464,523 Metro East/St. Louis 4 62,411,198 TOTAL 37 $1,290,896,575 6 Serving the communities of central Illinois • 5 regions • 37 branches •
Slide 7: Capital Raises and Acquisitions
Capital Raises and Acquisitions 7 First Mid-Illinois Bancshares has a demonstrated ability to raise capital, close targeted acquisitions and complete successful integrations. M&A Execution September 2010 First Banks (10 Branches) $321 million – total assets May 2006 Mansfield Bancorp, Inc. $124 mill
Slide 8: Joseph R. Dively, Chairman, Chief Executive Officer and President
Joseph R. Dively Chairman, Chief Executive Officer and President Joe joined First Mid-Illinois Bank as a Senior Executive VP and President of First Mid Bank in 2011. He has served on the Board of First Mid-Illinois Bancshares since 2004. Prior to joining the company, he was a Senior VP and an office
Slide 9: Board of Directors
Holly A. Bailey President, Howell Asphalt Company Executive Vice President of Howell Paving, Inc. Director since 2012 Chairman, Compensation Committee Robert S. Cook Managing Partner, TAR CO Investments, LLC Director since 2014 Joseph R. Dively Chairman and Chief Executive Officer Director since 200
Slide 10: Providing Value to Shareholders
Providing Value to Shareholders $1.04 $1.07 $1.29 $1.62 $1.73 $6.00 $8.00 $10.00 $12.00 $14.00 $0.70 $0.90 $1.10 $1.30 $1.50 $1.70 $1.90 2009 2010 2011 2012 2013 Diluted Earnings Per Share Earnings Per Share Tangible Book Value* 10 $0.38 $0.38 $0.40 $0.42 $0.46 $0.35 $0.40 $0.45 $0.50 2009 2010 2011
Slide 11: Diversified Solutions and Sources of Revenue
Diversified Solutions and Sources of Revenue First Mid-Illinois Bank’s Trust and Wealth Management group provides a stream of non-interest income through a variety of financial products and services: – Farm Management – Investment/Brokerage through a marketing arrangement with Raymond James – Trust
Slide 12: Quality Core Deposit Franchise
Quality Core Deposit Franchise June 30, 2014 Balance % Checking $ 532,233 41% Savings $ 284,999 22% MMDA $ 247,280 19% CD – Retail/Business $ 192,481 15% CD – Public $ 23,904 2% CD – Brokered $ 10,000 1% Total Deposits $ 1,290,897 12 Deposit Composition ($000s) Rounded to Nearest Percentage 1.28% 1.
Slide 13: Diversified Loan Portfolio
Diversified Loan Portfolio 13 Loan Composition ($000s) Rounded to Nearest Percentage $ 7 0 0 ,7 5 0 $ 8 0 4 ,5 8 1 $ 8 6 0 ,0 7 4 $ 9 1 1 ,0 6 5 $ 9 8 2 ,8 0 4 -10% -5% 0% 5% 10% 15% 20% $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 2009 2010 2011 2012 2013 Total Loans ($000s) Total Loans
Slide 14: Outstanding Asset Quality Metrics
Outstanding Asset Quality Metrics Ratios 2009 2010 2011 2012 2013 Q2 ‘14 Non Performing Assets/ Total Assets 1.43% 1.13% 0.80% 0.56% 0.44% 0.33% Net Charge-Offs/Average Loans 0.25% 0.39% 0.29% 0.23% 0.08% 0.00% ALLL/Non Performing Loans 74.4% 99.6% 149.5% 155.1% 204.8% 283.1% Loans 30+ Days Delinque
Slide 15: Executing on Growth Strategy
Executing on Growth Strategy In the past twenty years, First Mid-Illinois Bancshares has doubled its footprint and quadrupled its asset base in the successful execution of its strategy. 15 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 D ol lars i n T h
Slide 16: Key Financial Metrics
KEY FINANCIAL METRICS 16
Slide 17: Delivering earnings growth during difficult times
Delivering earnings growth during difficult times Selected Income Statement Data ($000s) 2009 2010 2011 2012 2013 YTD 6/30/14 Interest income $51,409 $50,883 $56,772 $55,767 $53,459 $26,962 Interest expense 15,837 10,756 8,504 6,157 3,535 1,603 Net interest income 35,572 40,127 48,268 49,610 49,924
Slide 18: Selected Balance Sheet Data
Selected Balance Sheet Data ($000s) ASSETS 2009 2010 2011 2012 2013 6/30/14 Cash and cash equivalents $90,411 $ 231,493 $73,102 $82,712 $65,102 $57,535 Certificates of deposit investments 9,344 10,000 13,231 6,665 0 0 Investment securities 239,156 342,866 478,967 508,309 488,724 439,190 Net loans 69
Slide 19: Capitalization
Capitalization Ratio 2009 2010 2011 2012 2013 Q2 ‘14 Leverage Ratio 10.63% 7.42% 8.99% 9.66% 10.12% 10.43% Tier 1 Risk-Based Capital 14.57% 11.71% 13.37% 14.51% 14.37% 14.58% Total Risk Based Capital 15.76% 12.84% 14.48% 15.65% 15.58% 15.81% Common Equity Tier-1 Capital to RWA 9.11% 6.88% 7.00% 7.54
Slide 20: Value Proposition
Value Proposition 20 Increasing Shareholder Value Experienced Management Team and Board Diversified Revenue Streams and Proven Earnings Engine Well Positioned Balance Sheet & Strong Asset Quality 150-year Operating Track Record Focused on all Stakeholders Ability to Raise Capital and Grow Strategica
Slide 21: First Mid-Illinois Bancshares, Inc.
First = Mid-Illinois Bancshares, Inc.
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