Cb Financial Services, Inc. · NASDAQ:CBFV
Cb Financial Services — Shareholder Meeting (May 2017)
24 slides from Cb Financial Services's shareholder meeting presentation, May 17, 2017
Slide 1: 2017 Annual Shareholders' Meeting of CB Financial Services, Inc.
0 2017 Annual Shareholders' Meeting of CB Financial Services, Inc. The holding company of
Slide 2: Barron P. ("Pat") McCune, Jr., Vice Chairman, President & CEO
1 Barron P. (“Pat”) McCune, Jr. Vice Chairman, President & CEO
Slide 3: Ralph J. Sommers, Jr., Chairman of the Board of Directors
2 Ralph J. Sommers, Jr. Chairman of the Board of Directors
Slide 4: Barron P. ("Pat") McCune, Jr., Vice Chairman, President & CEO
3 Barron P. (“Pat”) McCune, Jr. Vice Chairman, President & CEO
Slide 5: Shareholder Presentation May 2017
4 Shareholder Presentation May 2017
Slide 6: Forward-looking statements
5 Statements contained in this shareholder presentation that are not historical facts may constitute forward - looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 . Such forward - looking statements are subject to significant risks and uncertainties . T
Slide 7: The Strengths of Community Bank
6 The Strengths of Community Bank
Slide 8: Deposit Composition
7 Source: Company documents and SNL Financial; Data is as of 12/31/16. (1) Represents the period from 12/31/15 through 12/31/16. Based on period end balance sheet data. (2) Average cost of total deposits includes interest and non - interest bearing deposits. 2016 Average Cost of Total Deposits: 0.33
Slide 9: Loan Composition
8 Loan Composition 12/31/16 Gross Loans HFI ($682M) Source: Company documents and SNL Financial; Data is as of 12/31/16. 2016 Average Yield on Loans: 4.42% Balanced loan portfolio Approximately 5% year over year C&I loan growth No commercial real estate loan concentration issues Consumer por
Slide 10: Cost of Funds and Net Interest Margin
9 Cost of Funds Source: SNL Financial and company documents, Peers include all commercial banks and bank holding companies headquartered in Pennsylvania with assets $300 million to $1.0 bil lion. Excludes mutual institutions and announced merger targets. Net Interest Margin Strong net interest mar
Slide 11: Strong Asset Quality
10 Nonperforming Assets / Assets (1) Nonperforming Assets / Loans + OREO (1) NCOs / Avg. Loans Source: SNL Financial and company documents, Peers include all commercial banks and bank holding companies headquartered in Pennsylvania with assets $300 million to $1.0 billio n. Excludes mutual instituti
Slide 12: Reserve Levels Support Capital Strength
11 Allowance for Loan Losses / NPLs (1) Allowance for Loan Losses / Loans Source: SNL Financial and company documents, Peers include all commercial banks and bank holding companies headquartered in Pennsylvania with assets $300 million to $1.0 billio n. Excludes mutual institutions and announced mer
Slide 13: Balanced Fee Revenue Mix
12 Net Interest Income 80% Fee Income 20% Balanced Fee Revenue Mix With Opportunity For Continued Improvement Source: Company documents. Note: Fee income defined as noninterest income less net gain on sales of investments. Fee Revenue Mix – 2016 Fee income sources comprise approximately 20% of tot
Slide 14: Bank Capital Exceeds Regulatory Requirements
13 Bank Capital Exceeds Regulatory Requirements 0% 2% 4% 6% 8% 10% 12% 14% 16% Common Equity Tier 1 Capital Tier 1 Capital (to Risk Weighted Assets) Total Capital (to Risk Weighted Assets) Tier 1 Leverage Capital (to Adjusted Total Assets) Capital Adequacy Purposes To Be Well Capitalized CB Actual C
Slide 15: Ralph J. Sommers, Jr. Operations Center
Ralph J. Sommers, Jr. Operations Center
Slide 16: Ralph J. Sommers, Jr. Operations Center
15 Ralph J. Sommers, Jr. Operations Center 22,500 square foot state - of - the - art facility Total investment (approximately) - $5.0 million Number of Employees (approximately) – 70 Back office operations will include loan and deposit operations, accounting and information technology Begi
Slide 17: Patrick G. O'Brien, Senior Executive Vice President & COO
16 Patrick G. O’Brien Senior Executive Vice President & COO
Slide 18: 2016 Financial Performance
17 2016 Financial Performance
Slide 19: 2016 Economic Review
18 2016 Economic Review Local economy of Greene, Fayette, Washington and Westmoreland Counties struggled during 2016 with retraction in coal and natural gas industries Mid - year 2016, natural gas prices increased and started to spur natural gas exploration activity Activity ramped up through
Slide 20: Shell Cracker Plant Site
19 Shell Cracker Plant Site Source: The Pittsburgh Post - Gazette, Marcellus Drilling News and Google Earth. 340 - acre expanse on the southern bank of the Ohio and visible just off Interstate 376 Site specific infrastructure project already completed: » $70M relocation of the Center Township wa
Slide 21: Community Bank in 2016
20 Community Bank in 2016 Net Income - $7.6 million ROA – 0.91% ROE – 8.48% Loan production was good » New commercial loans closed - $79.2 million » New mortgage loans closed - $48.3 million » New consumer loans closed - $70.3 million » Amounts disbursed under existing commercial lines of cr
Slide 22: First Quarter of 2017 Financial Results
21 First Quarter of 2017 Financial Results Net Income - $1.7 million ROA – 0.81% (1) ROE – 7.66% (1) Loan Growth – Recognized commercial and industrial and construction loan growth through originations Deposit Growth - $25.0 million lead by transactional accounts Credit Quality – Nonperf
Slide 23: CB Financial Services – Recent Achievements
22 April 2016: Bauer Financial awarded CBFV with its highest “Five Star” rating, available only to the strongest banks in the nation April 25, 2016: American Banker magazine recognized CBFV as being among the “Top 200” performing community banks (2) in the nation for its three year average Retur
Slide 24: Strategic Vision for CB Financial Services
23 Opportunistically grow to over $1.0 billion in total assets in the tri - state area Create a sales culture which builds full relationships with our commercial business customers Maintain above peer profitability while continuing to invest for the future Empower our experienced, high quali
CB Financial Services — Shareholder Meeting (May 2017) on 6ix