Civista Bancshares, Inc. · NASDAQ:CIVB
Civista Bancshares — First Citizens Banc — Investor Presentation (July 2014)
24 slides from Civista Bancshares's investor presentation, Jul 29, 2014
Slide 1: Moving You Ahead
Serving our communities for over 130 years Moving You Ahead James O. Miller – Chairman, President and Chief Executive Officer Dennis G. Shaffer, Executive Vice President Richard J. Dutton – Senior Vice President, Chief Operating Officer NASDAQ: FCZA Exhibit 99 First Citizens Banc Corp
Slide 2: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information Comments made in this presentation include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to numerous assumptions, risks and uncertainties. Alth
Slide 3: Contact Information
Contact Information Contact Information First Citizens Banc Corp’s common shares are traded on the NASDAQ Capital Market under the symbol “FCZA.” The Company’s depository shares, each representing th ownership interest in a Series B Preferred Share, are traded on the NASDAQ Capital Market under the
Slide 4: Corporate Overview
Corporate Overview Corporate Overview th largest publicly traded commercial bank in Ohio Community banking focused operations in 10 Ohio counties Operate in stable and growing Ohio markets Full-service banking origination with diversified revenue streams Commercial banking Retail banking Wealth mana
Slide 5: Financial Highlights
Market data as of June 30, 2014 and June 30, 2013. Financial Highlights ($s in thousands, except per share data) Balance Sheet Performance Analysis Market Data Financial Highlights Financial Highlights June 30, 2014 June 30, 2013 % Change Assets $1,186,503 $1,143,248 3.78% Gross Loans 867,978 810,86
Slide 6: Investment Highlights
Investment Highlights Investment Highlights Experienced management team with strong track record Leading Ohio community bank franchise focused on targeted rural markets and selected urban markets Demonstrated growth and proven acquirer Improved credit quality and solid reserve coverage Solid capital
Slide 7: Experienced Management Team
7 James O. Miller Richard J. Dutton Dennis G. Shaffer James E. McGookey Todd A. Michel John A. Betts Paul J. Stark Experienced Management Team Experienced Management Team Chairman, President & CEO 40 years of banking experience Joined in 1987 SVP & Chief Operating Officer 11 years of banking experie
Slide 8: First Citizens Banc Corp Locations
Source: SNL Financial. Deposit data as of June 30, 2013. (1) Deposit market share consists of the following Ohio cities: Shelby, Willard, New Washington, Shiloh, Plymouth and Greenwich. (2) Deposit market share consists of the following Ohio cities: Quincy, Urbana, Plain City, West Liberty and Russe
Slide 9: Target Market Highlights
(1) Bloomberg Economic Evaluation States index. (2) U.S. Labor Department. Unemployment data as of May 2014. Target Market Highlights Target Market Highlights Ohio has boasted the sixth-healthiest U.S. state economy since the 18-month recession ended in June 2009 (1) Ohio’s unemployment rate of 5.5%
Slide 10: Proven Acquirer and Attractive Organic Growth Profile
10 Total Assets Total Gross Loans Total Deposits Proven Acquirer and Attractive Organic Growth Profile Proven Acquirer and Attractive Organic Growth Profile Acquired five banks from – serving to increase assets approximately $815 million Expanded commercial loan growth in Columbus, Akron & Cleveland
Slide 11: Deposit Mix
Non-Interest Bearing Demand 26% Interest Bearing Demand 20% Savings 32% Certificates of Deposit 21% Deposit Mix Deposit Mix 2014 Q2 Cost of Deposits: 0.40% Total Deposits: $979 million Brokered Deposits 1%
Slide 12: Loan Mix
CRE Non-Owner Occupied 25% CRE Owner Occupied 18% Single Family 24% C&I 11% Loan Mix Loan Mix 2014 Q2 Loan Yield: 4.59% Gross Loans: $868 million Multi-family 8% Farmland & Agriculture 7% C&D & Land 6% Consumer & Other 1%
Slide 13: Improving Asset Quality
NPAs & 90+PD / Assets Loan Loss Reserves / Gross Loans Reserves / NPLs NCOs / Average Loans 3.10% 3.45% 3.30% 2.22% 1.93% 2014 Q2 Improving Asset Quality Improving Asset Quality 2.84% 2.70% 2.42% 1.92% 1.77% 2014Q2 70.82% 58.02% 53.05% 64.17% 67.95% 2014Q2 1.46% 1.35% 1.01% 0.53% 0.31% 2014Q2
Slide 14: Asset Quality Improvement
NPAs & 90+ Day Delinquent (12/31/2010) NPAs & 90+ Day Delinquent (6/30/14) Asset Quality Improvement Asset Quality Improvement $23.0M $35M $s in millions Gross Loans: $767 million Gross Loans: $868 million $s in millions Nonaccrual Loans - Current, $8.5 Nonaccrual Loans - Past Due, $13.7 Restructure
Slide 15: Peer Leading Net Interest Margin
(1) Peer median consists of publicly traded Ohio banks with assets between $500 million and $2 billion. SNL Financial. Peer Leading Net Interest Margin Peer Leading Net Interest Margin 4.03% 3.98% 3.95% 3.77% 3.76% 3.70% 3.72% 3.51% 3.46% 2010Y 2011Y 2012Y 2013Y 2014Q2 FCZA Peer Median (1)
Slide 16: Managing Duration
Duration of Assets and Liabilities Managing Duration Risk Managing Duration 3.31 3.31 1.72 1.79 Q2 2014 Q2 2013 Assets Liabilities Asset duration of less than two years Sell fixed rate mortgages Encourage variable rate commercial lending or swap into variable, if appropriate Limit fixed rate terms t
Slide 17: Non-Interest Metrics and Initiatives
Non-Interest Income / Average Assets Net Operating Expense / Average Assets Non-Interest Metrics and Initiatives Non-Interest Metrics and Initiatives Growing fee income platform Wealth management ~$465 million in AUM Earned $1.6 million YTD, a 28% increase from the prior year Income tax refund proce
Slide 18: Profitability and Returns Analysis
Net Income Available to Common Shareholders ROAA Net Income Available to Common Shareholders ROATCE Profitability and Returns Analysis Profitability and Returns Analysis $(2,444) $2,782 $4,386 $5,020 $2,990 $3,890 2013Q2 YTD 2014Q2 YTD -0.11% 0.35% 0.49% 0.53% 0.57% 0.74% 2013Q2 YTD 2014Q2 YTD -3.42
Slide 19: Capital Levels
Tier 1 Leverage Ratio (%) Tier 1 Ratio (%) Total Risk-Based Capital Ratio (%) Tangible Common Equity / Tangible Assets (1) Assumes conversion of $23.1 million of Series B Preferred stock into common equity. (2) Peer median consists of publicly traded Ohio banks with assets between $500 million and $
Slide 20: Increasing Shareholder Value
Stock Price Source: SNL Financial. Market data as of June 30, 2014. (1) Peer group consists of U.S. banks between $750 million and $1.25 billion in MRQ assets. (2) Stock price as of December 31 of the corresponding year. Increasing Shareholder Value Increasing Shareholder Value $3.98 $4.03 $5.25 $6.
Slide 21: Strategic Focus and Growth Strategy
Strategic Focus and Growth Strategy Strategic Focus and Growth Strategy Organic growth Capitalize on commercial and consumer lending opportunities Grow core deposit base in rural and targeted urban markets Identify and evaluate loan production opportunities in select metro markets Acquisition opport
Slide 22: Why Invest in FCZA?
Attractively Valued Versus Peers Strong and Seasoned Management Team Leading Ohio Community Banking Franchise Platform to Support Future Growth Proven and Disciplined Acquirer Why Invest in FCZA? Why Invest in FCZA?
Slide 23: Appendix
Appendix Appendix
Slide 24: Slide 24
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