Bank Of Commerce · PSE:BNCOM
Bank Of Commerce — Shareholder Meeting (May 2008)
18 slides from Bank Of Commerce's shareholder meeting presentation, May 21, 2008
Slide 1: Welcome to the 26th Annual Shareholders' Meeting
Welcome to the 26th Annual Shareholders' Meeting Bank of Commerce May 20, 2008 www.bankofcommerceholdings.com bank of choice(tm)
Slide 2: Agenda
AGENDA Welcome Approval of Minutes May 15, 2007 Introduction of Directors Vote for Directors Vote to ratify public accountants Bank of Commerce Holdings Q & A Session Adjournment Adjournment Adjournment Adjournment Adjournment Adjournment Adjournment Adjournment Adjournment Adjournment Adjournment A
Slide 3: Our Directors
Our Directors Kenneth R. Gifford, Jr. Chairman of the Board Orin N. Bennett Dave Bonuccelli Gary Burks Welton L. Carrel Russell L. Duclos Harry L. Grashoff, Jr. Jon Halfhide Patrick J. Moty President & C.E.O. David H. Scott Lyle L. Tullis Lyle L. Tullis Lyle L. Tullis Lyle L. Tullis Lyle L. Tullis L
Slide 4: Forward Looking Statement
Forward Looking Statement During the course of this presentation, we may make forward - looking statements regarding future events or the future financial performance of the Company. We wish to caution you that such forward-looking statements are just predictions subject to certain risks and uncerta
Slide 5: Senior Leadership
Senior Leadership Patrick J. Moty, CEO Linda J. Miles, CFO Samuel D. Jimenez, DRM Theodore M. Cumming, CCO Randy S. Eslick, Regional Pres Robert J. O'Neil, Regional VP Caryn A. Blais, CIO Debra A. Sylvester, CAO Robert A. Matranga, SVP Pam Halperin, SVP Ops Pam Halperin, SVP Ops Pam Halperin, SVP Op
Slide 6: Company Profile
Company Profile Established 1982 Five offices - three markets Redding Bank of Commerce(tm) Roseville Bank of Commerce(tm) Sutter Bank of Commerce(tm) Bank of Commerce Mortgage(tm) Bank of Commerce Mortgage(tm) Bank of Commerce Mortgage(tm) Bank of Commerce Mortgage(tm) Bank of Commerce Mortgage(tm)
Slide 7: Investor Highlights
Investor Highlights Two for one split - 1995 Three for one split - 1998 10% Stock Dividend - 2000 Three for one split - 2004 NASDAQ listed 'BOCH'- 2004 Quarterly Cash Dividends - 2005 Dividend Yield - 4.49%- 2007 Institutional Ownership - 1.77% Insider Ownership - 31.62%
Slide 8: Company Vision
COMPANY VISION "Bank of Commerce is proud of its reputation as Northern California's premier bank for business. The bank of choice(tm) reflects a renewed commitment with a fresh focus on family and personal finances. Our vision is to be the premier provider of superior financial services and product
Slide 9: Expanding from business banking to personal accounts
Bank of Commerce has had historical emphasis on the business banking sector - and our vision remains the same. Now the bank of choice(tm) is moving down the triangle to include personal accounts of business owners, employee accounts, professional accounts and high-income, high net-worth individual a
Slide 10: Asset growth, return on assets and equity
Five year annualized asset growth of 11% 2007 - Return on average assets 1.04% 2007 - Return on average equity 13.39% 1st Q 2008 up 5.3% or $32.9 million over year end 2007 1st Q 2008 versus 1st Q 2007 up 13% or $73.1 million 1st Q 2008 versus 1st Q 2007 up 13% or $73.1 million 1st Q 2008 versus 1st
Slide 11: Record Loan Growth
Record Loan Growth $77 Million, or 18.9% 2007 - Deposits up $34 Million, or 7.8% 2007 - Average Earning Assets 93.7% 1st Q 2008 Average Loans up $96.3 million over 1st Q 2007 1st Q 2008 Average Deposits up $54.7 million over 1st Q 2007
Slide 12: Earnings per share and dividends
2007 Basic $0.69, diluted $0.68 compared to $0.75 and $0.74 prior year 2007 Cash dividends 2007 $0.31 and a special dividend of $0.02 1st Q EPS down 17%- or $0.03 per share -1st Q Dividend $0.08 per share ($697,000 back to community) ($697,000 back to community) ($697,000 back to community) ($697,00
Slide 13: Top line revenue
Top line revenues include interest earned, service charges and fees earned by our current business activities 2007 Top line revenue grew by 16% in 2007 1st Q 2008 top line revenue up $223,000 or 2.2% over 1st Q 2007 even after a 200 basis point interest rate decline
Slide 14: Net income compared with prior year
BOCH reports income of $6.1 Million compared with $6.5 Million prior year A drop of 7% or $461,000 - Our Company fared well - while Peers averaged a drop of 16% during 2007 1st Q 2008 income $1.2 million - drop of 17% or $258,000 over same quarter 2007 Margin Compression, Current Economic Cycle, Not
Slide 15: Well capitalized ratios
We are a strong and thriving Company exceeding well capitalized ratios 1st Q 2008 - Well capitalized at 10.98% - BOCH is positioned to remain well capitalized with an additional $5.0 million of capital available at the Holding Company.
Slide 16: Increased reserves and credit quality
Recent slowdown in credit markets makes it prudent to increase reserves Q4 Provision was set aside for 1Q $2.9 million write-down 1st Q 2008 ALLL at 1.14% compared to 1.18% 1st Q 2007 Non performing loans were 3.12% at 3/31/08 versus 2.45% at 12/31/07
Slide 17: New Products & Services
New Products & Services Forever Free Checking(tm) High Performance Savings(tm) High Performance Checking (tm) Money Market Sweep Image ATM's i-Connect(tm) MobileConnect(tm) New Locations Buenaventura Express Office - January '08 Buenaventura Express Office - January '08 Buenaventura Express Office -
Slide 18: Thank you for attending
www.bankofcommerceholdings.com Redding Roseville Sutter BOC Mortgage Thank you for attending
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