First Bancshares, Inc. · OTC:FIBH
First Bancshares — Investor Presentation (April 2021)
12 slides from First Bancshares's investor presentation, Apr 22, 2021
Slide 1: Investor Presentation
1 Investor PresentationApril 22, 2021 NASDAQ: FBMS
Slide 2: Forward Looking Statements
2 Forward Looking Statements This slide presentation and certain of our other filings with the Securities and Exchange Commission contain statements that constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as am
Slide 3: Loan Portfolio Potential Increased Risk Sectors
3 Loan Portfolio Potential Increased Risk SectorsMarch 31, 2021 SECTOR BOOK BALANCE AVAILABLE TOTAL COMMITTED % OF LOANS HOTELS $116.9 MILLION $14.4 MILLION $131.3 MILLION 4.3% RESTAURANTS $ 87.6 MILLION $ 3.3 MILLION $ 90.9 MILLION 3.0% RETAIL $174.4 MILLION $13.1 MILLION $187.5 MILLION 6.1% DIRECT
Slide 4: Loan Portfolio Risk Sectors Detail
4 Loan Portfolio Risk Sectors DetailMarch 31, 2021 SECTOR TOTAL COMMITTED % OF LOANS LTV % HOTELS $131.3 MILLION 4.3% 53.7% FLAGGED $95.4 MILLION NON-FLAGGED $35.9 MILLION RESTAURANTS $ 90.9 MILLION 3.0% 57.9% CHAIN $50.9 MILLION NON-CHAIN $35.1 MILLION CONSTRUCTION $ 4.9 MILLION RETAIL $187.5 MILLI
Slide 5: Loan Portfolio Risk Sectors by State
5 Loan Portfolio Risk Sectors by StateMarch 31, 2021 SECTOR TOTAL COMMITTED % OF LOANS LTV % HOTELS $131.3 MILLION 4.3% 53.7% MISSISSIPPI $30.9 MILLION 56.4% LOUISIANA $50.0 MILLION 46.7% ALABAMA $13.2 MILLION 45.3% FLORIDA $20.1 MILLION 62.9% GEORGIA $17.1 MILLION 55.3% RESTAURANTS $ 90.9 MILLION 3
Slide 6: Risk Sectors by State Continued
6 Risk Sectors by State ContinuedMarch 31, 2021 SECTOR TOTAL COMMITTED % OF LOANS LTV % RETAIL $187.5 MILLION 6.1% 51.1% MISSISSIPPI $47.1 MILLION 53.5% LOUISIANA $44.8 MILLION 48.5% ALABAMA $19.7 MILLION 44.7% FLORIDA $49.9 MILLION 50.6% GEORGIA $26.0 MILLION 58.9%
Slide 7: Loan Modifications Resulting from COVID-19
Modifications of $45.7 million or 1.5% of loan portfolio with $10.3 million on principal and interest deferral and $35.4 million on interest onlyEnhanced Risk Sectors with modifications as Of MARCH 31, 2021: 7 Loan Modifications Resulting from COVID-19 SECTOR TOTAL MODIFIED % OF SECTOR TOTAL HOTELS
Slide 8: Modifications
Modifications 700 May31 June30 July23. Sept30 Dec31._ Mar 31. 2021 Modifications
Slide 9: Payroll Protection Program (PPP)
As of March 31, 2021, we have 2,591 loans totaling $221.7 million with $129.5 million from round 1 and $92.2 million from round 2. the PPP loans have an average size of $85,000 BALANCE OF Net Fees - $7.3 million ppp loans made to Enhanced Risk sectors are detailed below: 9 Payroll Protection Program
Slide 10: Loan Reserves & NPAs
10 LOAN RESERVES & NPAs LOAN BALANCES ALLL/CREDIT MARK ALLL/MARK TO LOANS TOTAL LOANS $3.055 BILLION $32.7 MILLION 1.07% MARCH 31, 2021 NON PERFORMING ASSETS BALANCES % OF LOANS + OREO LEGACY $18.5 MILLION 0.6% ACQUIRED $18.3 MILLION 0.6% TOTAL NON PERFORMING ASSETS $36.8 MILLION 1.2% RESERVES
Slide 11: Solid Capital Balance Sheet Management
solid capital 11 Balance Sheet Management MARCH 31, 2020 ESTIMATES The First, ANBA First Bancshares TOTAL SHAREHOLDER’S EQUITY $729.2 MILLION $643.9 MILLION COMMON EQUITY TIER 1 CAPITAL RATIO 16.5% 13.8% TIER 1 CAPITAL RATIO 16.5% 14.3% TOTAL RISK-BASED CAPITAL RATIO 17.5% 19.3% LEVERAGE RATIO 10.4%
Slide 12: The First Bancshares, Inc.
TheFirst BANCSHARES, INC. NASDAQ: FBMS -@ Thekirst
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