Camden National Corporation · NASDAQ:CAC
Camden National — Q1 2023 Earnings Presentation
10 slides from Camden National's earnings presentation, Apr 25, 2023
Slide 1: Q1 2023 Earnings Release Supplement
& Camden NATIONAL CORPORATION Q1 2023 Earnings Release Supplement April 25, 2023
Slide 2: Forward Looking Statements
¢ Forward Looking Statements Camden CORPORATION This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including certain plans, exceptions, goals, projections, and statements, which a
Slide 3: Non-GAAP Financial Measures
¢ Non-GAAP Financial Measures Camden CORPORATION This presentation includes certain non-GAAP financial measures. Management uses these non-GAAP financial measures for purposes of measuring our performance against our peer group. and other financial institutions and analyzing our internal performance
Slide 4: Supplemental Earnings Information
Supplemental Earnings Camdey Information conSeniengn The following supplemental information to the earnings release was furnished to investors to provide additional disclosure specific to the Company’s loans, deposits, liquidity and investments as of March 31, 2023
Slide 5: Total primary liquidity is 1.9x uninsured and uncollateralized deposits
Total primary liquidity is 1.9x uninsured and uncollateralized deposits Customers with <$1mm in balances made up 65% of adjusted total deposits(3) at 3/31/23 and 63% at 12/31/22
Slide 6: Commercial Diversification
¢ Commercial Diversification Camden NATIONAL CORPORATION CRE and Commercial Loans by Industry Real Estate Investment Breakdown (as of 3/31/23) (as of 3/31/23) Other (14 Industries <3%) Other Services (expt 3% Wholesale Trade Real Estate Industrial / Investment —< Warehouse 51% 14% 4% Health Care / S
Slide 7: Office Portfolio
¢ Office Portfolio Camden CORPORATION Office Loans > $1mm by State * Office loans represent 5% of total loans and 12% of the (as of 3/31/23) commercial real estate portfolio as of 3/31/23 + Projects require significant cash equity requirements, LTV minimum of 75% - 80% at origination, and requests f
Slide 8: Investment Portfolio
. ¢ Investment Portfolio Camden NATIONAL CORPORATION CMO - Agency Backed Corporate Bond Ratings (21 holdings) MBS - Agency Backed 66% $44.6 million Municipal Bond Ratings (139 holdings) © 60% AFS, 40% HTM . 100% of municipal holdings are rated A- or better by at least one rating agency (50% carry ad
Slide 9: Appendix
Ge Ginded NATIONAL CORPORATION Appendix
Slide 10: Adjusted total deposits reconciliation
(In thousands) March 31, 2023 December 31, 2022 Total deposits, as presented 4,642,734$ 4,826,929$ Add: Customer repurchase agreements 196,918 196,451 Less: Brokered deposits 215,949 181,253 Adjusted total deposits 4,623,703$ 4,842,127$