Juniata Valley Financial Corp. · OTC:JUVF
Juniata Valley Financial — Shareholder Meeting (May 2022)
26 slides from Juniata Valley Financial's shareholder meeting presentation, May 17, 2022
Slide 1: Juniata Valley Financial Corp. 2022 Annual Meeting: A New Beginning
JUNIATA VALLEY FINANCIAL CORP.2022 ANNUAL MEETINGMAY 17, 2022 A NEW BEGINNING Exhibit 99.1
Slide 2: Shareholders' Business Meeting
Shareholders’ Business MeetingChairman, Timothy Havice
Slide 3: Agenda
Agenda •Call to Order•Rules of Conduct•Introduction of Members of the Board of Directors•Determine Presence of Quorum, Approval of Minutes, Appointment of Judges of Election•Nominations•Management’s Presentation –“A New Beginning”•Questions/Comments•Voting Tabulation•Adjournment
Slide 4: Board of Directors
Board of Directors•Chairman, Timothy I. Havice•Vice Chairman, Martin L. Dreibelbis•Bradley J. Wagner•Marcie A. Barber•Gary E. Kelsey•Michael A. Buffington•Dr. Richard M. Scanlon
Slide 5: In Memoriam
In Memoriam Philip E Gingerich, Jr.
Slide 6: Agenda
Agenda Call to OrderRules of ConductIntroduction of Members of the Board of Directors•Determine Presence of Quorum, Approval of Minutes, Appointment of Judges ofElection•Nominations•Management’s Presentation –“A New Beginning”•Questions/Comments•Voting Tabulation•Adjournment
Slide 7: Forward Looking Statements
Forward Looking StatementsThispresentationmaycontain“forwardlooking”informationasdefinedbythePrivateSecuritiesLitigationReformActof1995.Whenwordssuchas“believes”,“expects”,“anticipates”orsimilarexpressionsareusedinthispresentation,Juniataismakingforward-lookingstatements.SuchinformationisbasedonJuni
Slide 8: A New Beginning
A New BeginningPresident and CEO Marcie A. Barber EVP and CFO JoAnn McMinn
Slide 9: Year-over-Year Key Comparative Financial Results
Year-over-Year Key Comparative Financial Results Balance Sheet Management•Asset Growth•Deposit Growth•Debt Reduction•Securities Portfolio Restructuring Pandemic-Related•Credit concerns reducedReversed Covid-expansion of Loan Loss Allowance•Non-interest revenues returning to normal level Significant
Slide 10: Ten Year Growth in Assets
Ten Year Growth in Assets $448,869 $448,782 $480,529 $583,928 $580,354 $591,945 $625,236 $670,632 $793,718 $810,518 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,0002012201320142015201620172018201920202021At Year End, In thousands $
Slide 11: Ten Year Growth in Deposits
Ten Year Growth in Deposits $386,751 $379,645 $380,884 $457,126 $455,822 $477,668 $521,722 $531,937 $622,866 $708,447 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,0002012201320142015201620172018201920202021At Year End, In thousands $
Slide 12: Dynamic Balance Sheet Management
Dynamic Balance Sheet ManagementWith year-over-year deposit growth of $86 million, or 14%, and loan balances declining by $4 million, asset/liability management strategies were executed to effectively use the additional funding.•Since most of the increased deposits were invested in securities, we re
Slide 13: Diversified and Growing Deposit Base
26.2%24.1%9.7%20.9%19.2% Deposit Stratification as of March 31, 2022 Non-Interest Bearing DemandInterest Bearing DemandMoney MarketSavingsTime Deposits •Stable and growing core deposit base.•Deposits boosted by government stimulus payments in 2020 and 2021.•Organic deposit growth early in 2022.•Stra
Slide 14: Loan Diversification
Loan Diversification 31.4%12.1%37.3%11.9%2.3%4.1%1.0% Loan Segments as of March 31, 2022 Construction LoansCommercial BusinessCommercial Real stateReal state MortgagePPP/SBAMunicipalPersonal Consumer •Stable loan segmentation•Paycheck Protection Program (PPP) loans •Total PPP loans originated -$51.0
Slide 15: Credit Quality and Coverage
Credit Quality and Coverage •Strong Reserves 0.50%0.55%0.11%0.05%0.03%0.00%0.10% 0.20% 0.30% 0.40% 0.50% 0.60%YE 2018YE 2019YE 2020YE 2021Q1 2022Non-Performing Loans as % of Total Loans 0.76%0.98%1.23%1.02%1.02%0.70%0.80% 0.90% 1.00% 1.10% 1.20% 1.30%YE 2018YE 2019YE 2020YE 2021Q1 2022Total Reserves
Slide 16: Non-Interest Revenues
Non-Interest RevenuesDriving through and out of the Pandemic Debit Card Exchange Fees and NSF Fees $952 $649 $616 $910 $1,021 $1,227 201920202021 NSF Fees Exchange Fees Trust and Wealth Management Fees $666 $714 $813 201920202021 Non-Interest Loan Revenues $333 $298 $441 201920202021 All $ in thousa
Slide 17: Beginning 2022
Beginning 2022Refer to Forward-Looking Statement Disclaimer
Slide 18: Retirement
RetirementJoAnn McMinn, EVP and CFO to retire on June 21, 2022
Slide 19: Succession
SuccessionMichael Wolf will become SVP Chief Financial Officereffective June 1, 2022Need Picture of Mike
Slide 20: Moving Forward
•Economic uncertainty remains•Inflation•Supply Chain Disruptions•Escalating Russia/Ukraine War Effects•Rising Rates•JUVF delivered strong financial performance in Q1 2022•Net income increased 29.4% over Q1 2021•Earnings per share increased 27.3% over Q1 2021•Core Processing Evaluation•Loan portfolio
Slide 21: 2022 First Quarter Financial Results
2022 First Quarter Financial Results Earnings Highlights2020 Full Year2021 Full Year 2021 Quarter 1 2022 Quarter 1 Net Income$5,602,000$6,604,000$1,635,000$2,115,000 Return on Average Assets0.76%0.81%0.82%1.04% Return on Average Equity7.37%8.97%8.68%12.55% Net Interest Margin (fully tax equivalent)3
Slide 22: Capital and Liquidity
Strong Regulatory Capital •“Well Capitalized”•Tier One Risk-Based Capital 12.5% vs Minimum Requirement of 6%•Total Risk-Based Capital 13.3% vs Minimum Requirement of 10% Strong Liquidity •Liquid Assets 34% of Total Assets•Contingent Sources of Liquidity 26% of total assets Strong Dividend Yield •Cur
Slide 23: JUVF Trading Platform
JUVF Trading Platform JUVF has been approved to trade on the OTCQX Banks Market Upgrade to OTCQX for:•Increased Visibility•Increased Liquidity•Showcasing our company•Graduating to the OTCQX Market marks animportant milestone for Juniata Valley FinancialCorp. in the U.S. public markets.•The OTCQX Mar
Slide 24: Questions / Comments
Questions / CommentsThis presentation has been filed with the SEC on a Form 8-K
Slide 25: Vote Tabulation Report
Vote Tabulation ReportLisa Snyder
Slide 26: Meeting Adjournment
JUNIATA VALLEY FINANCIAL CORP.2022 ANNUAL MEETINGMAY 17, 2022 Meeting Adjournment
Juniata Valley Financial — Shareholder Meeting (May 2022) on 6ix