Kish Bancorp, Inc. · OTC:KISB
Kish Bancorp — Shareholder Meeting (May 2010)
31 slides from Kish Bancorp's shareholder meeting presentation, May 4, 2010
Slide 1: 2010 Annual Shareholder Meeting
2010 Annual Shareholder Meeting
Slide 2: Financial Highlights
Building fol the Filture Financial Highlights expect more
Slide 3: Net Income ($ in thousands)
Net Income ($ in thousands) $4,500 $4,000 $3,934 $3,938 $3,779 $3,848 $3,500 $3,213 $3,000 $2,873 $2,500 $2,000 $1,462 $1,500 $1,000 $764 $500 $213 $77 $0 1974 1979 1989 1994 1999 2005 2006 2007 2008 2009
Slide 4: Earnings Per Share
Earnings Per Share $8.00 $7.37 $7.47 $7.16 $6.99 $6.94 $7.00 $6.69 $6.52 $6.08 $6.00 $5.70 $5.01 $5.00 $4.00 $3.00 $2.00 $1.00 $0.00 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Source: SNL Financial
Slide 5: Asset Quality and Reserves
Asset Quality and Reserves • Nonperforming loans increase as we enter third year of recession • Regulatory environment • Loan growth • Loan loss provision expense up $2mm compared to net charge-offs of $252 thousand • Reserve for possible loan losses up $2.1mm
Slide 6: Nonperforming Assets/Total Assets
Nonperforming Assets/Total Assets KISB Peers¹ 2.00% 1.75% 1.67% 1.50% 1.30% 1.26% 1.25% 1.00% 0.71% 0.75% 0.53% 0.55% 0.50% 0.43% 0.29% 0.32% 0.25% 0.21% 0.00% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 ¹ Includes public banks in PA with assets between $400mm and $600mm Source: SNL Financial
Slide 7: Reserves/Gross Loans
Reserves/Gross Loans KISB Peers¹ 1.60% 1.44% 1.40% 1.31% 1.24% 1.20% 1.01% 1.00% 1.02% 1.00% 0.98% 1.00% 0.97% 0.86% 0.80% 0.60% 0.40% 0.20% 0.00% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 ¹ Includes public banks in PA with assets between $400mm and $600mm Source: SNL Financial
Slide 8: Reserves/Nonperforming Assets
Reserves/Nonperforming Assets KISB Peers¹ 400% 317% 300% 205% 202% 200% 162% 133% 120% 102% 100% 62% 52% 61% 0% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 ¹ Includes public banks in PA with assets between $400mm and $600mm Source: SNL Financial
Slide 9: Net Charge-Offs/Average Loans
Net Charge-Offs/Average Loans KISB Peers¹ 0.50% 0.45% 0.40% 0.30% 0.26% 0.24% 0.20% 0.18% 0.10% 0.09% 0.07% 0.05% 0.03% 0.01% 0.00% 0.00% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 ¹ Includes public banks in PA with assets between $400mm and $600mm Source: SNL Financial
Slide 10: Total Assets ($ in millions)
Total Assets ($ in millions) $600 $528 $500 $476 $454 $412 $413 $396 $400 $357 $320 $290 $300 $261 $200 $100 $0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 KISB: 7.3% CAGR from 2000-2009 Peers¹: 5.8% CAGR from 2000-2009 ¹ Includes public banks in PA with assets between $400mm and $600mm Source
Slide 11: Total Gross Loans ($ in millions)
Total Gross Loans ($ in millions) $400 $374 $350 $337 $309 $300 $291 $270 $250 $231 $199 $202 $197 $200 $192 $150 $100 $50 $0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 KISB: 6.5% CAGR from 2000-2009 Peers¹: 6.3% CAGR from 2000-2009 ¹ Includes public banks in PA with assets between $400mm and
Slide 12: Total Deposits ($ in millions)
Total Deposits ($ in millions) $450 $408 $400 $353 $350 $332 $319 $301 $300 $282 $249 $250 $228 $214 $193 $200 $150 $100 $50 $0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 KISB: 7.8% CAGR from 2000-2009 Peers¹: 6.1% CAGR from 2000-2009 ¹ Includes public banks in PA with assets between $400mm a
Slide 13: Net Interest Income ($ in thousands)
Net Interest Income ($ in thousands) $18,000 $16,000 $15,525 $14,138 $14,000 $11,830 $12,107 $12,000 $10,978 $10,321 $10,536 $9,947 $10,126 $10,000 $9,081 $8,000 $6,000 $4,000 $2,000 $0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Slide 14: Net Interest Margin
Net Interest Margin KISB Peers¹ 5.00% 4.20% 4.22% 4.09% 4.00% 3.53% 3.50% 3.26% 3.35% 3.19% 3.30% 3.20% 3.00% 2.00% 1.00% 0.00% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 ¹ Includes public banks in PA with assets between $400mm and $600mm Source: SNL Financial
Slide 15: Noninterest Income ($ in thousands)
Noninterest Income ($ in thousands) $6,000 $5,000 $4,784 $4,482 $4,222 $4,180 $4,274 $3,963 $4,030 $4,000 $3,703 $3,000 $2,490 $2,000 $1,857 $1,000 $0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Slide 16: Noninterest Income/Operating Revenue (%)
Noninterest Income/Operating Revenue (%) KISB Peers¹ 45% 40% 39% 39% 38% 35% 30% 26% 25% 24% 24% 24% 22% 20% 20% 17% 15% 10% 5% 0% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 ¹ Includes public banks in PA with assets between $400mm and $600mm Source: SNL Financial
Slide 17: Noninterest Expense ($ in thousands)
Noninterest Expense ($ in thousands) $16,000 $14,900 $14,000 $12,819 $12,000 $11,417 $11,357 $11,542 $10,749 $10,290 $10,000 $8,744 $7,777 $8,000 $7,067 $6,000 $4,000 $2,000 $0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Slide 18: Noninterest Expense/Average Assets (%)
Noninterest Expense/Average Assets (%) KISB Peers¹ 4.50% 4.00% 3.73% 3.58% 3.52% 3.50% 3.00% 2.87% 2.85% 2.94% 2.82% 2.81% 2.75% 2.75% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 ¹ Includes public banks in PA with assets between $400mm and $600mm Source: SNL
Slide 19: Shareholder Performance
Building fol the Filture Shareholder Performance expect more
Slide 20: Return on Average Equity
Return on Average Equity KISB Peers¹ 20.0% 18.0% 17.0% 15.9% 16.4% 16.0% 15.4% 15.0% 14.0% 13.3% 13.0% 12.3% 12.0% 11.5% 10.0% 9.6% 8.0% 6.0% 4.0% 2.0% 0.0% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 ¹ Includes public banks in PA with assets between $400mm and $600mm Source: SNL Financial
Slide 21: Dividends Per Share ($)
Dividends Per Share ($) $3.50 $3.24 $3.24 $3.03 $3.00 $2.75 $2.47 $2.50 $2.24 $2.00 $1.76 $1.57 $1.40 $1.44 $1.50 $1.00 $0.50 $0.00 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
Slide 22: Dividend Yield
Dividend Yield KISB Peers¹ 6.00% 5.89% 5.00% 4.75% 4.24% 4.00% 3.34% 3.00% 2.81% 2.41% 2.56% 2.12% 2.00% 1.80% 1.67% 1.00% 0.00% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 ¹ Includes public banks in PA with assets between $400mm and $600mm Source: SNL Financial
Slide 23: Price/LTM EPS
Price/LTM EPS KISB Peers¹ 30.0 25.0 20.0 16.0x 16.5x 15.0 14.2x 13.7x 13.0x 13.0x 12.8x 10.4x 10.7x 10.0 7.4x 5.0 0.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 ¹ Includes public banks in PA with assets between $400mm and $600mm Source: SNL Financial
Slide 24: Price/Book Value
Price/Book Value KISB Peers¹ 300% 248% 250% 233% 204% 197% 200% 185% 189% 156% 150% 132% 107% 100% 93% 50% 0% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 ¹ Includes public banks in PA with assets between $400mm and $600mm Source: SNL Financial
Slide 25: Building for the Future
Building fol the Filture Building for the Future expect more
Slide 26: 2009 Highlights
2009 Highlights • Capital Planning – Subordinated Debt • Balance Sheet Strengthened • State College North / Bellefonte • Alignment in the Regions • Lower Funding Costs, Expansion of Net Interest Margin • Record Year for Mortgage Business • Market Share Expansion
Slide 27: Market Presence
Market Presence Kish has a leading deposit market share in two established markets: Market Deposits Market Share Branch in Market Share County Rank Count ($000) (%) Mifflin, PA 1 5 247,420 36.7 Huntingdon, PA 3 3 71,838 13.8 Centre, PA 9 3 59,061 2.8 106,830* Note: Data as of June 30, 2009 *Centre
Slide 28: Principal Goals for 2010
Principal Goals for 2010 • Focus on asset quality • Develop enterprise wide risk management system • Implement private banking strategy • Kish brand enhancement/website • Utilize technology to manage risk and improve productivity • Align organization to enable better execution • Capital planning/sha
Slide 29: Earnings History ($ in thousands)
Earnings History ($ in thousands) Recession period KISB $5,000 $4,000 $3,000 $2,000 $1,000 $0 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 Source: SNL Financial
Slide 30: The Kish Experience
The Kish Experience Vision Statement “To be THE standard by which all financial services companies are judged” Mission Statement “To create superior, long-term shareholder returns through an unwavering focus on fulfilling clients’ financial needs” Strategic focus on executing as a fully di
Slide 31: Banking, Financial, Travel - one promise
BANKING one promise expect more FINANCIAL TRAVEL