Orange County Bancorp, Inc. · NASDAQ:OBT
Orange County Bancorp — Investor Presentation (June 2023)
15 slides from Orange County Bancorp's investor presentation, Jun 21, 2023
Slide 1: Investor Presentation June 2023
INVESTOR Presentation June 2023
Slide 2: Forward Looking Statements
Forward Looking Statements 2 Forward - Looking Statements This presentation contains, and future oral and written statements by us and our management may contain, forward - looking stateme nts within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange
Slide 3: Franchise Overview
Franchise Overview 3 1) There are 3 branches located in Middletown . 2) See slide 15 for non - GAAP reconciliation information 3) Bank - level regulatory data Background ▪ Successfully completed IPO and NASDAQ listing in 2021 ▪ Bank was established in 1892 and has operated successfully for over 130
Slide 4: Structure & Scope: Balanced, Client-Driven Business Model
Structure & Scope Balanced, Client - Driven Business Model 4 Business Banking Private Banking Orange Wealth Management • 15 branches • Focus on small to medium size businesses in the communities served • Seasoned lenders with significant regional and industry expertise • Comprehensive product offeri
Slide 5: Franchise Scarcity Value in Highly Attractive Markets
Franchise Scarcity Value in Highly Attractive Markets 5 Attractive Demographics in a Large, Growing Addressable Market Median Household Income ($000) 1) Defined as Lower Hudson Valley region, includes Orange, Westchester, and Rockland counties. 2) Represents the weighted average household income by
Slide 6: Business Strategy
Business Strategy 6 Note: Financial data as of March 31, 2023. Leverage Relationships to Drive Organic Growth Derive Loan Growth Through Relationship - Based Model Continue to Grow Core Deposit Franchise Continue to Build Fee - Based Business Strategic Expansion / Opportunistic M&A • The bank’s hist
Slide 7: Consistent History of Growth
Consistent History of Growth 7 Current Success is Attributed to Disciplined Organic Growth Gross Loans Ex. PPP ($M) Total Assets ($M) Consolidated Equity ($M) Total Deposits ($M)
Slide 8: Strong and Consistent Historical Profitability
Strong and Consistent Historical Profitability 8 Net Interest Margin (%) Net Income ($M) ROAA (%) Success Maintaining Strong Profitabilit y Metrics
Slide 9: Loan Composition
Loan Composition 9 1) CRE loans as a % of Total Risk - Based Capital; Bank - level regulatory data. 2) Excluding PPP loans for quarter ended March 31, 2023. Note: Financial data as of March 31, 2023. Total Loans: $ 1.7 Billion Highly Diversified Portfolio with Conservative Concentrations ▪ Advantage
Slide 10: Leading Core Deposit Franchise
Leading Core Deposit Franchise Areas of Focus Keys to Success x Dedicated deposit relationship managers x Investment into customer experience/cash management product suite x Obtain deposit relationships at loan origination Escrow x Attractable DDA capture Municipal Deposits x Competitive products an
Slide 11: Conservatively Managed Securities Portfolio
Conservatively Managed Securities Portfolio 11 Note: As of March 31, 2023. * Includes $5 million ACL charge for Signature Bank subordinated debt ▪ $ 526.3 million in securities, primarily concentrated in mortgage - backed securities, municipal securities and U.S. government agencies ▪ Historically s
Slide 12: Investment Highlights
Ability to Take Advantage of M&A Driven Market Disintermediation Successful and Ongoing Expansion of Market Footprint Highly Attractive Market Geography and Scarcity Value of Franchise Stable, Low - Cost Deposit Base: 50% Transaction Accounts, 58 bps Total Cost 1 Demonstrated Loan Growth Driven by R
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Slide 14: Management Team
Management Team 14 Experienced Leadership Team with Strong Ties to the Community
Slide 15: Non-GAAP Reconciliation
Non-GAAP Reconciliation The following table reconciles. as of the dates set forth below. stockholders’ equity (on a GAAP basis) to tangible equity and total assets (on a GAAP basis) to tangible assets and calculates our tangible book value per share. March 31, 2023 December 31, 2022 (Dollars in thou
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