Cb Financial Services, Inc. · NASDAQ:CBFV
Cb Financial Services — Investor Presentation (May 2018)
18 slides from Cb Financial Services's investor presentation, May 8, 2018
Slide 1: Investor Deck May 2018 CB Financial Services, Inc.
Investor Deck May 2018 CB Financial Services, Inc. &
Slide 2: Forward-Looking Statements
Forward - Looking Statements Statements contained in this investor 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 (the “Act”). Such forward - looking statements are subject to sign
Slide 3: About CB Financial & Community Bank
About CB Financial & Community Bank ▪ CB Financial is the holding company for Community Bank ▪ Community Bank was founded in 1901 as the First National Bank of Carmichaels in Carmichaels, PA ▪ The name of the Bank was changed to Community Bank in 1987 ▪ The Bank has remained independent and today is
Slide 4: About CB Financial & Community Bank
About CB Financial & Community Bank ▪ Community Bank now operates 16 branches in five counties in Southwestern Pennsylvania, 7 branches in West Virginia, and one branch in Eastern Ohio (see the map on slide 16) ▪ Community Bank does business throughout the Tri - State Area of Pennsylvania, West Virg
Slide 5: Diversified Business Mix as of March 31, 2018
Diversified Business Mix as of March 31, 2018 Retail Banking & Wealth Management Commercial Banking Insurance Mortgage Banking Over 25% of deposits are noninterest bearing More than 78% non - time deposits Excellent retail branch coverage of Tri - State market in the heart of the Marcellus/Uti
Slide 6: CB Financial Highlights (as of 3/31/2018)
CB Financial Highlights (as of 3/31/2018) ▪ Assets of $966 Million ▪ Gross Loans of $781 Million ▪ Deposits and Sweep Accounts of $774 Million ▪ 1.03% Loans - to - Deposit Ratio ▪ Common Equity Tier 1 Capital of $84 Million ▪ Loan Growth of 5% in the first quarter of 2018 6
Slide 7: Peer Comparison December 31, 2017 - Performance ratios
Peer Comparison December 31, 2017 CB Financial Services, Inc. Peer group Performance ratios (%) Yield on earning assets 3.95% 3.92% Cost of funding earning assets 0.41 0.58 Net interest spread 3.53 3.34 Noninterest income to earning assets 0.91 0.91 Return on assets (ROA) 0.81 0.73 Return on equity
Slide 8: Peer Comparison December 31, 2017 - Condition ratios
Peer Comparison December 31, 2017 CB Financial Services, Inc. Peer group Condition ratios (%) Loss allowance to loans 1.18 % 1.18% Loss allowance to noncurrent loans 215.17 169.21 Noncurrent loans plus other real estate owned to assets 0.47 0.64 Noncurrent loans to total loans 0.55 0.70 Net loans an
Slide 9: Attractive Expansion into the Ohio River Valley Improves Core Funding & Liquidity Profile
Attractive Expansion into the Ohio River Valley Improves Core Funding & Liquidity Profile Market Familiarity First West Virginia had the #5 community bank (1) deposit market share in the Wheeling, WV MSA First West Virginia adds approximately $ 284 million of low - cost deposits Expected first
Slide 10: Regional Economic Developments; Deposit Market Share - Wheeling, WV
Regional Economic Developments Deposit Market Share – Wheeling, WV (1) Combined Franchise Expanding into the Ohio Valley Region Source: SNL Financial, bizjournals.com, wvmetronews.com. (1) Excludes banks with more than $25 billion in total assets . (2) Purchase announced in June 2017. (3) http://wvm
Slide 11: Our Economic Future
Our Economic Future ▪ Community Bank is excited about the economic prospects for the Tri - State area and particularly for the resurgence of the Ohio Valley ▪ The primary driver for this economic renaissance is the revolution in natural gas production and consumption occasioned by the development of
Slide 12: Shale Gas Drives PetroChemical
Shale Gas Drives PetroChemical ▪ Shell Chemical Appalachia is building a “massive multi - billion dollar petrochemical plant” (known as an ethane cracker) in Potter Township, Beaver County ▪ Construction began in 2017, and expected to create over 6,000 construction jobs and employ 600 people permane
Slide 13: Shale Gas Drives PetroChemical
Shale Gas Drives PetroChemical ▪ Another game changer would be a proposed cracker plant located in Dilles Bottom, Ohio, approximately 13 miles from Wheeling, WV ▪ The proposed cracker plant would employ thousands during construction and hundreds of permanent petrochemical jobs once the plant enters
Slide 14: Shale Gas Drives PetroChemical
Shale Gas Drives PetroChemical ▪ WVU - led research identifies areas for a Natural Gas Storage ‘Hub’. Top areas are Belmont, Ohio, Brooke and Hancock Counties. To view the full report, go to, http :// aongrc.nrcce.wvu.edu/wp - content/uploads/MASTER_Final_Report_8 - 29 - 2017.pdf ▪ According to the
Slide 15: Shale Gas Drives PetroChemical
15 Shale Gas Drives PetroChemical ▪ November 2017: West Virginia announces $83.7 billion gas development deal with China Energy ▪ West Virginia Commerce Secretary Woody Thrasher has revealed that the first projects in a blockbuster agreement between the state and China are natural gas power plants,
Slide 16: Geographic Footprint
Source: SNL Financial. CBFV branch count excludes two locations with zero deposits. Geographic Footprint • Community Bank (16) • Progressive (8) 16 Weston
Slide 17: Map of Marcellus / Utica Shale Region
As the map below demonstrates , the combination of Community Bank’s market presence in the heart of the Marcellus, and Progressive Bank’s market presence in the heart of the Utica, allows Community Bank to serve an economy that has enormous upside potential. Source: U.S. Energy Information Administr
Slide 18: Strategic Vision for CB Financial & Community Bank
Empower our experienced, high quality employees to provide superior customer service in all aspects of our business Create a service culture which builds full relationships with our customers Grow commercial, mortgage, and consumer loans; commercial deposits; insurance; and wealth management
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