CIB Marine Bancshares, Inc. · OTC:CIBH
CIB Marine Bancshares — Shareholder Meeting (May 2010)
18 slides from CIB Marine Bancshares's shareholder meeting presentation, May 27, 2010
Slide 1: Welcome Shareholders
Welcome Shareholders May 27, 2010 1
Slide 2: Shareholder Annual Meeting
Shareholder Annual Meetingg May 27, 2010 2
Slide 3: Forward-Looking Statements
Forward--Looking Statements Forward Some of the information discussed during today’s Annual Meeting of Shareholders and contained in the following presentation may contain projections or other forward forward--looking statements regarding future events or the future financial performance of CIB Mari
Slide 4: Meeting Called to Order
Meeting Called to Order John Hickey, Chairman and CEO 4
Slide 5: Introductions
Introductions Board of Directors Management Guests 5
Slide 6: Election of Directors
El ti off Directors Election Di t Class III: Serve Until 2011 Howard E. Zimmerman Class I: Serve Until 2012 Donald M. Trilling Charles D. Mires Ronald E. Rhoades Class II: Serve Until 2013 John P. Hickey, Jr. Charles E. Baker 6
Slide 7: Presentation to Shareholders
Presentation to Shareholders John Hickey, Chairman and CEO 7
Slide 8: Key Events of 2009
Keyy Events of 2009 Expiration of TruPS to restructure Plan of Restructuring ultimately approved as part of Chapter 11 filing Financial emergence g from Chapter p 11 on December 30, 2009; formally out of Chapter 11 on May 10, 2010 Strengthened St th d consolidated lid t d capital it l positi
Slide 9: Key Events of 2009
Key Events of 2009 Continued maintenance of safety and soundness of CIBM Bank through entire unprecedented process of a bank holding company entering and emerging from Chapter 11 Merged Marine Bank and Central Illinois Bank as part of continuing effort to simplify the company and reduce operatin
Slide 10: Key Events of 1st Quarter, 2010
Key Events of 1st Quarter, 2010 New N C Consent O Order d at CIBM B Bank k agreed d to replacing the prior Cease and Desist order at Marine Bank, with substantially similar requirements. Holding company remains under an agreement with the Federal Reserve. 2009 audit and 10- 10-K completed with a
Slide 11: Key Events of 1st Quarter, 2010
Key Events of 1st Quarter, 2010 Executive Management g transitions: President and Chief Operating Officer: Chuck Ponicki Chief Financial Officer – Ed Depenbrok to Patrick Straka transition Chief Counsel – Outsourcing g role for Dan Rasmussen Branch changes: Peoria – Sheridan Relocation
Slide 12: Financial Performance
Financial Performance Edwin J. Depenbrok, Chief Financial Officer 12
Slide 13: Consolidated Financial Highlights
CIB MARINE BANCSHARES, INC. Consolidated Financial Highlights (dollars in thousands, thousands except per share data) December 31, 2009 Diluted earnings (loss) per share before extraordinary gain $ (2.24) Extraordinary net gain per share 2.99 Net income per share $ 0.75 Net Interest Income $ 15,483
Slide 14: 1st Quarter, 2010 Consolidated Financial Highlights
CIB MARINE BANCSHARES, INC. 1st Quarter, 2010 Consolidated Financial Highlights (Unaudited) (dollars in thousands) 2010 2009 B/(W) Net Interest Income $ 5,477 $ 3,682 $ 1,795 Provision for Loan Loss 2,672 3,043 371 Noninterest Income 504 857 (353) Noninterest Expense 5,668 7,284 1,616 Net Loss $ (2,
Slide 15: 1st Quarter, 2010 Asset Quality Highlights
CIB MARINE BANCSHARES, INC. 1st Quarter, 2010 Asset Quality Highlights (Unaudited) (dollars in thousands) 31-Mar-10 31-Dec-09 Total Assets 691,723 709,857 Ending Gross Loans 450,544 470,668 Loan Loss Reserve (16,954) (16,240) As Percentage of Loans 3 76% 3.76% 3 45% 3.45% Nonaccrual Loans 53,146 , 5
Slide 16: Business Objectives
Business Objectives Improve asset quality Return to profitability Remove R consentt order d Utilize strengthened capital position to support profitable growth in loans and deposits Continue to seek partner in business combination 16
Slide 17: Shareholders' Questions & Comments
Shareholder’ss Questions & Comments 17
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