Camden National Corporation · NASDAQ:CAC
Camden National — Q1 2020 Earnings Presentation
13 slides from Camden National's earnings presentation, Apr 28, 2020
Slide 1: First Quarter 2020 Earnings Conference Call
First Quarter 2020 Earnings Conference Call April 28, 2020 ¢ NATIONAL CORPORATION
Slide 2: Forward Looking Statements and Non-GAAP Financial Measures
Forward Looking Statements and Non- GAAP Financial Measures FORWARD LOOKING STATEMENTS This presentation contains certain statements that may be considered forward-looking statements under the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including certain plans
Slide 3: Providing Solutions to Our Employees, Customers and Communities
Providing Solutions to Our Employees, Customers and Communities * Over 50% of our employees working remotely * Committed to no COVID-19-related layoffs for at least 90 days * Increased Stakeholder Emergency Fund by $100,000 ¢ Provided special premium pay for banking center employees * Providing fina
Slide 4: First Quarter 2020 Highlights
First Quarter 2020 Highlights Net Income $13.5 million ¢ Entered a challenging environment with strong capital and liquidity Diluted Earnings Per Share ¢« Responded swiftly to support employees, $0.89 customers, and communities * Good quarter with solid financial results, Return on Assets despite th
Slide 5: Income Statement
Income Statement $ thousands 1Q20 4Q19 1Q19 Highli Net interest income $31,826 ($413) ($69) + Margin compression partially offset by balance sheet growth + Linked quarter decline as 4Q19 included seasonal debit Non-interest income $11,403 ($545) $2,014 card lift and security gains. YoY increase driv
Slide 6: Net Interest Income and Margin
$35.0 3.90% 3.70% $30.0 3.50% $25.0 3.30% 3.10% $20.0 2.90% 2.70% $15.0 2.50% • • • • • • • •
Slide 7: Securities Portfolio
Securities Portfolio Securities Portfolio Mix * Book value was $947 million, up $19 million, or (Book Value at 3/31/20) 2%, linked-quarter U.S. Agencies and Other ¢ Average yield of 2.67%, up 4 bps linked-quarter l ™% Municipal * Unrealized net gain of $29.4 million on AFS one (3% compared to $5.3 m
Slide 8: Balance Sheet: Strong Liquidity Position
Balance Sheet: Strong Liquidity Position Well Positioned to Support Liquidity Needs Liquidity Sources (3/31/20) Amount (¢ millions) Unpledged Investment Securities $109.4 Unpledged Municipal Securities $97.5 Over Collateralized Securities Pledging Position $102.8 Lines of Credit Exposure 3% Increase
Slide 9: Loan Portfolio
Loan Portfolio Residential Real Estate + 70% located in Maine and 25% in Massachusetts + 64% are primary residences, 26% second homes and 10% investment property + 98% of balances at </= 80% LTV (or supplemented with private mortgage insurance) Commercial Real Estate + 72% of real estate located in
Slide 10: Commercial Diversification
Commercial Diversification CRE and Commercial Loans by Industry (as of 3/31/20) Other Nonresidential Other (12 Industries Buildings <2%) i td 14% 1-4 Family 9% Office Buildings Other Services 28% (expt Public Admin) Industrial / 3% Warehouse Restaurants mas 10% * Investment 9 $712 i 41% ATA Sonstrue
Slide 11: Loan Assistance Programs
Loan Assistance Programs SBA PPP SBA Payroll Paycheck Program (as of 4/22/2020) 5 * Automated much of the loan Units Balances application proc (in millions) p process Total 1,649 $197.0 * Funded 10% of Maine’s SBA PPP loans by dollar amount Loan Deferral Program - granted (1) ‘ Loan Deferral Program
Slide 12: Solid Credit Quality
Solid Credit Quality NPAs / Total Assets 12/31/2009 1.07% 0.67% 0.50% r 34% P| 25% 0.23% 201 = 2017,-— 2018 ~=—2019~S (1420 NCOs / Average Loans 12/31/2009 0.37% 0.13% a 07% 0.08% 0.05% ox im 2016 2017 2018 2019 1Q20(1) ALL / NPLs 256.86% 225.77% 1.17% 18.92% 12/31/2009 LJ 109.31% 206 «=. 2017,—S 20
Slide 13: Strong Capital Position
Strong Capital Position Tier 1 Leverage Ratio Total Risk Based Capital Ratio Common Equity Tier 1 (CET1) Ratio 9.53% 9.55% 9.53% 14.04% 14.14% 14.36% 14.44% 43 gop 11.27% 11.30% 11-62% 11-80% 44 570 8.83% 9.07% Required Minimum(1) 10.50% Required inimumn() Required 7.00% Minimum() 4.00% 2016 «2017S