Isabella Bank Corporation · NASDAQ:ISBA
Isabella Bank — Shareholder Meeting (2021)
32 slides from Isabella Bank's shareholder meeting presentation, 2021
Slide 1: Welcome
Welcome Isabella Bank Corporation 2021 Annual Shareholder Meeting
Slide 2: Jae Evans, President & CEO
Jae Evans President & Chief Executive Officer Isabella Bank Corporation
Slide 3: Dave Maness, Chairman of the Board
Dave Maness Chairman of the Board Isabella Bank Corporation
Slide 4: Welcome New Board Members
Welcome New Board Members Richard L. McGuirk Operations Manager/President Central Management, INC. Chad R. Payton, CPA Officer and Managing Partner Roslund, Prestage & Company, CPA’s, PC
Slide 5: Dave Maness, Chairman of the Board
Dave Maness Chairman of the Board Isabella Bank Corporation
Slide 6: Jae Evans, President & CEO
Jae Evans President & Chief Executive Officer Isabella Bank Corporation
Slide 7: Board of Directors
Board of Directors David J. Maness - Chairman Thomas L. Kleinhardt President President Maness Petroleum Corporation McGuire Chevrolet Jae A. Evans Richard L. McGuirk Chief Executive Officer Operations Manager/President Isabella Bank Central Management, Inc. Jerome E. Schwind Sarah R. Opperman Presid
Slide 8: Guests
Guests • Legal Counsel • Foster Swift Collins & Smith PC • External Audit • Rehmann • Investor Communications • Renmark Financial
Slide 9: Proposal 1. Election of Directors
Proposal 1. Election of Directors • Jill Bourland • Jae Evans • Richard L. McGuirk • Jerome Schwind
Slide 10: Neil McDonnell, Chief Financial Officer
Neil McDonnell Chief Financial Officer Isabella Bank Corporation
Slide 11: Year In Review
Year In Review • Federal Reserve lowered short term rates 3x • Flat yield curve • Interest rates on new loans decreased • Competition aggressive with loans rates • Net interest margin improvement • Expense controls paid off • Bank stock prices rose • Competitive market for deposits • Title Co. JV -
Slide 12: ISBA Highlights
ISBA Highlights ($000) % of change since December 31, 2020 December 31, 2019 Assets Under Management* $2,702,722 7.69% Total Assets $1,957,378 7.89% Gross Loans $1,238,311 4.36% Investment Securities $339,228 -21.08% Deposits $1,566,317 19.22% Capital $218,588 4.00% * Includes loans sold and service
Slide 13: Loan Growth
Loan Growth ($000) $1,400,000 4.36% 5.13% 8.01% 3.41% $1,200,000 18.83% $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 Commercial Agricultural Residential Mortgages Consumer Source: ISBA Annual Report on Form 10-K for the year ended D
Slide 14: Deposit Growth
Deposit Growth ($000) $1,750,000 19.22% $1,500,000 2.17% 1.64% 5.88% 2.62% $1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 Noninterest Bearing NOW Accounts CDs & Savings CDs over $250,000 Source: ISBA Annual Report on Form 10-K for
Slide 15: Wealth Management Revenue
Wealth Management ($000) $500,000 $3,000 $400,000 $2,500 $300,000 $2,000 Revenue Assets $200,000 $1,500 $100,000 $1,000 $0 $500 12/31/15 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 Investment Management Trust Services Revenue Source: ISBA Annual Report on Form 10-K for the year ended December 31, 2
Slide 16: ISBA Earnings Highlights
ISBA Earnings Highlights ($000) except per share data Year Ended Year Ended % December 31, 2020 December 31, 2019 Change Net Interest Income $50,347 $49,445 1.82% Noninterest Income $14,423 $8,039 79.41% Noninterest Expenses $51,233 $43,050 19.01% Net Income $10,885 $13,024 -16.42% Earnings Per Comm
Slide 17: Earnings Trends
Earnings Trends Earnings Per Common Share Dividends Per Common Share $2.10 2.32% $1.80 $1.50 $1.20 CAGR $0.90 3.68% $0.60 $0.30 $0.00 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Source: ISBA Annual Report on Form 10-K for the year ended December 31, 2020
Slide 18: A Look At 2021
A Look At 2021 • “All bets are off!” • COVID-19 Impact – too early to tell • Reach out / Assisting customer base • Loan modifications & SBA’s PPP rolled out • Stability of financial markets • Loan loss provision enhanced • Capital & Liquidity – Strong
Slide 19: Stock Activity (Shares)
Stock Activity (Shares) * Annualized based on actual March 31, 2021 results Source: ISBA Annual Report on Form 10-Q for the period ended March 31, 2021
Slide 20: Jae Evans, President & CEO
Jae Evans President & Chief Executive Officer Isabella Bank Corporation
Slide 21: Proposal 1. Election of Directors
Proposal 1. Election of Directors • Jill Bourland • Jae Evans • Richard L. McGuirk • Jerome Schwind
Slide 22: Jae Evans, President & CEO
Jae Evans President & Chief Executive Officer Isabella Bank Corporation
Slide 23: Strategic Plan
Strategic Plan RETURN ON EFFICIENCY CAPITAL ASSETS RATIO RATIOS TANGIBLE RETURN ON BOOK EQUITY VALUE
Slide 24: Flood & COVID 19
Flood & COVID 19 Evacuation of more than 10,000 residents.
Slide 25: Community Support
Community Support $20,000 Committed to relief efforts in the Great Lakes Bay Region following flooding from multiple dam failures. 7 Recipients selected from community nominations to help people financially during the holidays.
Slide 26: Bank Local. Bank Anywhere.
Bank Local. Bank Anywhere. 12% Increase in Electronic Payment Users 134% Increase in Mobile Deposits 63% Increase in New Online Accounts
Slide 27: Isabella Wealth
Isabella Wealth
Slide 28: Loan Operations
Loan Operations from our loan customers “Our PPP applications and loan was completed by phone and online. Excellent service!!” “Approval was incredibly fast. A team member met me in the parking lot and explained everything as I singed. Great experience!” “My experience was pleasant and instilled con
Slide 29: Investor Activity
Investor Activity Investor Presentations to dozens of brokers and investors in ## markets.
Slide 30: In This Together
In This Together
Slide 31: Questions
Questions
Slide 32: Thank You
Thank You