Trustar Bankshares, Inc. · OTC:TRSB
Trustar Bankshares — Shareholder Meeting (April 2024)
14 slides from Trustar Bankshares's shareholder meeting presentation, Apr 16, 2024
Slide 1: Shareholder Meeting
Shareholder Meeting April 16, 2024 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements, which can be identified by the use of words such as “estimate,” “project,” “believe,” “intend,” “anticipate,” “plan,” “seek,” “expect” and words of similar meaning. These forward-looking statements include, but are not
Slide 3: Company Overview
Company Overview • Full service commercial bank established in 2019 B R A N C H A N D O F F I C E N E T WO R K $804M 0.42% • Experienced management team comprised of TOTAL ASSETS LTM ROAA tenured talent with expertise in the banking industry and D.C. Market • Strong existing loyal client base – with
Slide 4: Strategic Road Map
Strategic Road Map Clear and proven path to success Organic Growth • Continue branch footprint expansion • Add key business development “rain-makers” to team • Continue brand awareness through business development and community involvement Maintain Credit Quality • Continue diligence on credit quali
Slide 5: 2023 Bank Achievements
2023 Bank Achievements Reached asset milestone of $800mm in December. Continued strong growth pattern-despite rising rate environment and uncertain economic times. Successful sale of the Mortgage Company to Archer Mortgage. Satisfactory Regulatory Exams and Internal Audits. Continue to develop new p
Slide 6: 3 Year Indexed Asset Growth
3 Year Indexed Asset Growth Source: S&P Capital IQ Pro 6
Slide 7: Strong Organic Growth
Strong Organic Growth Total Assets ($M) Total Loans ($M) $804 $607 $664 $526 $516 $379 $328 $271 $132 $84 2019Y 2020Y 2021Y 2022Y 2023Y 2019Y 2020Y 2021Y 2022Y 2023Y Total Deposits ($M) Net Income ($M) $3,012 $648 $1,977 $538 $437 -$322 $259 $81 -$4,029 -$4,799 2019Y 2020Y 2021Y 2022Y 2023Y 2019Y 20
Slide 8: Pristine Credit Quality
Pristine Credit Quality Note: Source: Call Report and company provided documents 8
Slide 9: Key Performance Metrics
Key Performance Metrics Quick turn into profitability after inception ROAA (%) ROATCE (%) 0.45% 4.50% 0.34% 3.75% -0.08% -0.73% -1.71% -8.36% 2020Y 2021Y 2022Y 2023Y 2020Y 2021Y 2022Y 2023Y NIM (%) Efficiency Ratio (%) 3.17% 3.12% 2.99% 134.0% 2.60% 89.8% 79.5% 83.3% 2020Y 2021Y 2022Y 2023Y 2020Y 20
Slide 10: De Novo Peer Comparison
De Novo Peer Comparison 2023 Balance Sheet Data 2023 YTD Total Assets TCE Lev. Ratio Net Income/(Loss) Company Name City, State Established ($M) ($M) (%) ($000) 1 Trustar Bank Great Falls, VA 7/10/2019 804 69.2 9.2 3,012 2 Grasshopper Bank, N.A. New York, NY 5/13/2019 734 61.0 10.1 (2,272) 3 Gulf Ca
Slide 11: 1Q24 Financial Highlights (unaudited)
1Q24 Financial Highlights (unaudited) Balance Sheet Highlights Income Statement Highlights Total Assets $813M Net Interest Income $4.7M Gross Loans $641M Provision Expense $321K Noninterest Income (1) ($101K) Total Deposits $670M Noninterest Expense $4.0M Tangible Common Equity $71M Net Income $526K
Slide 12: Looking Ahead
Looking Ahead Continue to be well capitalized. Continue managing Net Interest Margin. Continue to grow organically and hire additional “rain makers”. Increase our capital position with the exercise of warrants that expire in July. Continue brand awareness through business development and community i
Slide 13: Q&A
TRUSTAR Q&A
Slide 14: Contact Information
Contact Information Corporate Headquarters Company Contacts Joseph Bracewell Chairman of the Board (703) 547-4703 9883 Georgetown Pike jbracewell@trustarbank.com Great Falls, VA 22066 (703) 547-4700 Shaza L. Andersen www.trustarbank.com Chief Executive Officer (571) 523-4445 sandersen@trustarbank.co
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