Summit State Bank · NASDAQ:SSBI
Summit State Bank — Investor Presentation (September 2021)
15 slides from Summit State Bank's investor presentation, Sep 28, 2021
Slide 1: Form 8-K Current Report - Summit State Bank
FEDERAL DEPOSIT INSURANCE CORPORATION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 12 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): September 28, 2021 Summit State Bank (Exact Name of Registrant as Specified in Charter) Californ
Slide 2: Item 7.01 Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure The Chief Executive Officer of Summit State Bank (the “Bank”) will send a presentation to institutional investors from September 28, 2021 through November 30, 2021 using the slide presentation included as Exhibit 99.1 of this report. The information in this report
Slide 3: Item 9.01 Financial Statements and Exhibits
recent Annual Report on Form 10-K filed with the Federal Deposit Insurance Corporation (“FDIC”) and those in any other public filing we may make with the FDIC. Item 9.01. Financial Statements and Exhibits (d) Exhibits: The exhibit list called for by this item is incorporated by reference to the Exhi
Slide 4: Signature
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Dated: September 28, 2021 SUMMIT STATE BANK By: /s/__Camille Kazarian____ Camille Kazarian Executive Vice
Slide 5: Exhibit Index
Exhibit Index Exhibit Description Number 99.1 Presentation slides as of September 28, 2021 5
Slide 6: 99.1 Presentation slides as of September 28, 2021
99.1 Presentation slides as of September 28, 2021 6
Slide 7: Summit State Bank - SSBI
AS SUMMIT Summit State Bank - SSBI Headquartered in Santa Rosa, CA Branch Locations = Santa Rosa Main Healdsburg Santa Rosa Montgomery Village Rohnert Park Petaluma Regional Small Business Lending Group = Roseville, CA Lending Area Highlights Unemployment Northern California Concentrated in Sonoma C
Slide 8: Our Leadership Team
Brian Reed Presider Our Leadership Team Brandy Sep Camille Kazar “ Commitment to a Culture of Success + Strategic Lending Platform Positioned to Deliver Results * High Credit Quality with a Low Risk Profile * California Peer Group Leaderin Key Performance Metrics “ Strong Net Interest Margin & Impro
Slide 9: Deferred Loans through CARES Act and PPP Lending Impact
Deferred Loans through CARES ACT «» 5 Loans across 5 Borrowers totaling ~$3MM are in Deferral at June 30, 2021 “+ 92.5% of Deferred Loan Exposure is Backed by Real Estate « As of August 31, 2021, all deferred loans are now current Deferred Loans are Concentrated in the Following Industries: ~~ Singl
Slide 10: Financial Trends; Loan Growth & Asset Quality
23,000 21,000 19,000 17,000 15,000 13,000 11,000 9,000 7,000 5,000 ‘mmm Net Income (S000's perprovision pretax) Financial Trends 2016YE 2017YE 2018YE ——«-2019VE_——=—-2020VE 202102* 1.80% 1.60% 1.40% ezetum on Average Assets (oreprovision pretax) Strong Net Interest Income Growth Consistent Non-inter
Slide 11: Interest Income & Interest Expense Management
Interest Income & Interest Expense Management Net Interest Margin = Strong Net Interest Margin Compared to CA Peer Group = Most recent 9 quarters show 410% continued improvementin: 4.00% = Net Interest Income 3.90% Growth = Increased Profitability 3.80% 3.70% = ~$39.7MM Local & Brokered 3.60% CD's t
Slide 12: Historical Dividend Payout; Assets Trends
Historical Dividend Payout 6.0% Consistent Quarterly Dividends 0.13 55% Dividend Yield >3.0% at ow Som 2021Q2 as Stock Price Increases 45% _ 0m Stock Price Traded at 7.3 Times Trailing 12 Month oe 35% Earnings as of 2021Q2 oe 3.0% 1.26 Times Price to Tangible Book Value as of 2021Q2 0.08 25% FFELP S
Slide 13: Loan Composition
Loan Composition CRE Loan Portfolio Concentration Total Loan Portfolio constuction &Land allother “er 1% Commercial Real Industrial / Estate 54% or ity 1.4 Family 1% all other 21% Farm Loans u% winery Restaurante 5% Commercial C&i ver Hotel 10% Gas Stations % = Diversified Portfolio with Manageable
Slide 14: Liabilities Trends; Deposit Composition
900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 v7of20 Liabilities Trends Local Deposits and Brokered & FHLB Advances ($000's) 202102 2016YE m Brokered & FHLB Advances 2017¥E 2018YE 2019YE 2020VE Local Maturity Deposits ‘= Local Non-Maturity Deposits Focus on Local Deposit Gr
Slide 15: Awards and Accolades
Awards and Accolades f a ~~ / |_| _. Best Placesto Work i - North Bay Business Journal Vie Best Business Bank - NorthBay biz magazine Top Community Bank Loan Producer for 2021 \ J -ICBA Raymond James Bankers Cup of 2020 ) g - Raymond James \ Super Premier Performance - Findley Reports 9020 Get in To
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