Orange County Bancorp, Inc. · NASDAQ:OBT
Orange County Bancorp — Investor Presentation (June 2024)
17 slides from Orange County Bancorp's investor presentation, Jun 20, 2024
Slide 1: Investor Presentation June 2024
INVESTOR Presentation June 2024
Slide 2: Safe Harbor Statement and Disclaimer
Safe Harbor Statement and Disclaimer . Forward - Looking Statements This presentation contains, and future oral and written statements by us and our management may contain, forward - looking stateme nts within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Slide 3: Franchise Overview
Franchise Overview 3 1) There are 3 branches located in Middletown. Background ▪ Successfully completed IPO and NASDAQ listing in August 2021 ▪ Bank was established in 1892 and has operated successfully for 132 years ▪ Headquartered in Middletown, NY ▪ Premier business bank in the Hudson Valley regi
Slide 4: Structure & Scope: Balanced, Client-Driven Business Model
Structure & Scope Balanced, Client - Driven Business Model 4 Business Banking Private Banking Orange Wealth Management • 16 branches; new Bronx branch will be 17 • Focus on small to medium size businesses in the communities served • Seasoned lenders with significant regional and industry expertise •
Slide 5: Franchise Scarcity Value in Highly Attractive Markets
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Slide 6: Business Strategy
Business Strategy 6 Note: Financial data as of March 31, 2024 (unaudited) unless otherwise noted. Leverage Relationships to Drive Organic Growth Derive Loan Growth Through Relationship - Based Model Continue to Grow Core Deposit Franchise Continue to Build Fee - Based Business Strategic Expansion /
Slide 7: Consistent History of Growth
)< )< )< 4 )< )< )< 4 )< )< )< 4 Consistent History of Growth 7 Note: Financial data as of March 31, 2024 is unaudited. Source: Company filings. Current Success is Attributed to Disciplined Organic Growth Gross Loans ($M) Total Assets ($M) Consolidated Equity Ex. AOCI ($M) Total Deposits ($M) Impact
Slide 8: Strong and Consistent Historical Profitability
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Slide 9: Loan Composition
&5( & , &5( &RQVWUXFWLRQ 5HVLGHQWLDO 5( +RPH (TXLW\ &RQVXPHU Loan Composition 9 1) CRE and C&D loans as a % of Total Risk - Based Capital; Bank level Call Report data. Note: Financial data as of March 31, 2024 (unaudited) unless otherwise noted. Total Loans: $1.7 Billion Commercial - Focused Portfol
Slide 10: Overview of Commercial Real Estate Portfolio
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Slide 11: Overview of Multifamily Portfolio
Overview of Multifamily Portfolio 11 Note: Financial data as of March 31, 2024 (unaudited) unless otherwise noted. Multifamily Portfolio Detail Multifamily Portfolio Geographic Composition Weighted Average LTV 57.1% Average Loan Size $2.18 Million Portfolio Characteristic % of Total Multifamily Port
Slide 12: CRE Office Portfolio Overview
CRE Office Portfolio Overview 12 Note: Financial data as of March 31, 2024 (unaudited) unless otherwise noted. Office Portfolio Overview Office Portfolio Geographic Composition PSC Update Portfolio Characteristic % of Total Office Portfolio % of Portfolio in Bronx and Queens 3.6% % of Portfolio in M
Slide 13: Credit Quality
Credit Quality 13 1) Local peers include NASDAQ, NYSE and NYSEAM traded U.S. banks and thrifts in the NYC MSA with total assets under $50 billion as of Q1 2024, excluding merger targets and mutuals; excludes PFS due to recently closed merger with LBAI; peer data sourced from S&P Capital IQ Pro. Note
Slide 14: Liquidity Overview
Liquidity Overview 14 Note: Financial data as of March 31, 2024 (unaudited) unless otherwise noted. Strong Recent Deposit Growth and Significant Borrowing Capacity • Borrowings consist of both short - term and long - term borrowings and provide the Company with one of its sources of funding • Mainta
Slide 15: Leading Core Deposit Franchise
$YJ )HG )XQGV 5DWH 2%7 /RFDO 3HHUV ó 2UDQJH :HVWFKHVWHU 5RFNODQG %URQ[ Leading Core Deposit Franchise Areas of Focus Keys to Success x Dedicated deposit relationship managers x Investment into customer experience/cash management product suite x Obtain deposit relationships at loan origination Escrow
Slide 16: Conservatively Managed Securities Portfolio
8 6 *RYHUQPHQW $JHQFLHV 0RUWJDJH EDFNHG 6HFXULWLHV &RUSRUDWH 6HFXULWLHV 0XQLFLSDO 6HFXULWLHV Conservatively Managed Securities Portfolio 16 Note: Financial data as of March 31, 2024 (unaudited) unless otherwise noted. ▪ $476.1 million in securities, primarily concentrated in mortgage - backed securi
Slide 17: Company Highlights
Ability to Take Advantage of M&A Driven Market Disintermediation Successful and Ongoing Expansion of Market Footprint Highly Attractive Market Geography and Scarcity Value of Franchise Stable, Low - Cost Deposit Base: 47% Transaction Accounts, 134 bps Total Cost 1 Demonstrated Loan Growth Driven by
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