Truxton Corp · OTC:TRUX

Truxton — Shareholder Meeting (May 2021)

14 slides from Truxton's shareholder meeting presentation, May 19, 2021

  1. Slide 1: Annual Meeting of Shareholders

    Annual Meeting of Shareholders May 19, 2021 Thomas S. Stumb Andrew L. May Chairman and Chief Executive Officer President and Chief Financial Officer

  2. Slide 2: 2020 Financial Highlights

    2020 Financial Highlights Revenue (000's) Fully Diluted EPS Assets $30,000 $4.00 $800,000 $741,618 $29,374 $3.90 $29,500 $3.90 $700,000 $29,000 $3.80 $600,000 $538,764 $28,500 $3.70 $500,000 $28,000 $3.60 $400,000 $27,500 $27,026 $3.50 $3.46 $300,000 $27,000 $26,500 $3.40 $200,000 $26,000 $3.30 $100

  3. Slide 3: Growth is Continuing in 2021

    Growth is Continuing in 2021  Truxton Trust continues to experience growth in the new year  Net income increased 24.4% in Q1 2021 compared to Q1 2020 $ in thousands Quarter Ended March 31 Income Summary 2021 2020 % Change Net Interest Income $4,523 $4,219 7.2% Provision for Loan Losses $92 $185 ‐5

  4. Slide 4: NIM is Challenged by Rising Assets and Low Rates

    NIM is Challenged by Rising Assets and Low Rates NIM Fed Funds NIM Cost of Funds 4.00% 3.5% 1.2% 3.50% 1.1% 3.3% 3.00% 1.0% 3.1% 0.9% 2.50% Cost of Funds 0.8% 2.00% NIM 2.9% 0.7% 1.50% 2.7% 0.6% 1.00% 0.5% 2.5% 0.50% 0.4% 2.3% 0.3% 0.00% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2019 201

  5. Slide 5: Safe and Reliable Credit Quality

    Safe and Reliable Credit Quality  30 days+ past due: total $387,108.95 Allowance vs. Non‐Performing ($000’s)  One single family residential $4,950 mortgage making up the Non‐ performing assets (NPAs): $2,007,489 Allowance for $4,400 Loan & Lease Loss  No “Other Real Estate Owned” $3,850 Non‐Perfo

  6. Slide 6: We Have Conservative, Diversified Loans

    We Have Conservative, Diversified Loans ACD CRE 200.00% 400.00%  Risky Commercial Real Estate below 150.00% 300.00% regulatory limits for Commercial Real Estate and Acquisition, Construction & 100.00% 200.00% Development  Our average loan yield has decreased with 50.00% 100.00% decreasing Fed rate

  7. Slide 7: Deposits

    Deposits Time Deposits Deposit Mix Time Deposits Cost of Deposits After Effect of NIBA Greater than Less Than $250k $250k Fed Fed Money Market Funds Funds Internal Demand 2% 1.75% Brokered Accounts 1.20% Fed Funds 1.00% 0.25% Customer Demand 0.80% Accounts Money Market 0.60% Savings End of Period Ba

  8. Slide 8: Wealth Management Growth Continues

    Wealth Management Growth Continues  Non‐interest income constituted 42.9% of total revenue in Q1 2021  Wealth management services represents 96.46% of total non‐interest income in Q1 2021  Wealth management revenue increased 25.09% in Q1 2021 compared to Q1 2020 Wealth Management Revenue ($000’s)

  9. Slide 9: TRUX Financial Returns are Excellent

    TRUX Financial Returns are Excellent  Efficiency ratio is significantly better than Q1 year ago  Average deposits grew 32.7% in Q1 2021 vs. Q1 2020, pressuring - Net Interest Margin (NIM) - Tier 1 Leverage Ratio - Return on Average Assets (ROAA)  Return on average equity (ROAE) up 83 basis points

  10. Slide 10: Truxton Success During Pandemic

    Truxton Success During Pandemic  During 2020, Truxton weathered the COVID‐19 Global Pandemic - Guided by the Business Continuity Plan, most employees began working from home (WFH) in March of 2020 - In accordance with local and industry guidance, we served our clients by appointment only - We suppo

  11. Slide 11: We are Creating Value from your Capital

    We are Creating Value from your Capital 180000 160000 Initial Capital Raised 140000 120000 R/E & BV of Equity 100000 Book Value of Equity Plus Distributions 80000 Market Value of Equity 60000 40000 20000 0 Truxton Trust 11

  12. Slide 12: Truxton has Amply Rewarded: Shareholders & The Government

    Truxton has Amply Rewarded: Shareholders & The Government  $20 million of initial capital raised  Cumulative Taxes: $20,907,000  Cumulative Dividends: $20,761,000 Truxton Trust 12

  13. Slide 13: External Validation

    External Validation 0 Top 200 Community Banks ‐ Nashville 17 19 21 20 29 36 40 40 61 60 Rank in Top 200 80 100 106 No other Bank from 120 Nashville or 140 contiguous counties made this list 160 171 180 2013 2014 2015 2016 2017 2018 2019 2020 2021 Truxton Trust 13

  14. Slide 14: Mission

    Mission To do the right thing every day, putting our clients’ interests first, with distinctive, comprehensive financial solutions that protect and promote client prosperity and quality of life. Truxton Trust 14

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