City Holding Company · NASDAQ:CHCO
City — Investor Presentation (September 2008)
10 slides from City's investor presentation, Sep 16, 2008
Slide 1: Investor Presentation September 2008
Investor Presentation September 2008
Slide 2: Forward Looking Statements
Forward Looking Statements This news release contains certain forward-looking statements that are included pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such information involves risks and uncertainties that could result in the Company’s actual resul
Slide 3: Company at a glance
n n n n n n n Total Assets at June 30, 2008 $2.5 bil Net Income in 2007 $51 mil Branches 69 FTE 817 Market Cap $700 mil Institutional Ownership 59% Avg Daily Volume $4.8 mil
Slide 4: Key Markets
Key Markets 1 st & 9% Market Share in Huntington WV/Ashland KY MSA $3.7 Billion 8% Market Share in Morgan, Berkeley & Jefferson Co. WV $1.9 Billion 1 st & 27% Market Share $1.7 Billion 2 nd & 12% Market Share in WV’s largest market; $4.7B
Slide 5: Interest Rate Risk
CHCO believes that it is well positioned with respect to interest rate risk: Immediate Basis Point Change in Interest Rates Estimated Increase of Decrease in Net Income between 1-12 months +200 Bp -0.1% +100 Bp -0.3% -100 Bp +0.5% Data: June 30, 2008 Interest Rate Risk:
Slide 6: Asset Quality Deterioration in 2007
CHCO experienced Asset Quality Deterioration in 2 nd Q 2007 NPA’s to Loans & OREO
Slide 7: Largest Non-performing Assets at 6/30/08
n 4 spec homes and 3 lots; Borrower experiencing cash flow problems but current under terms of agreement. Collateral & Guarantee dependent. n Property under contract. n n Collateral includes 4 finished homes & 1 unfinished home. 2 are under contract. n Owner-occupied bldg. Listed for sale. Appraisal
Slide 8: Past-Due Loans (30+ days)
12/31/05 12/31/06 12/30/07 6/30/08 Residential 1.14% 0.76% 0.91% 0.90% Home Equity 0.37% 0.34% 0.63% 0.35% Consumer 2.32% 0.99% 0.86% 0.69% CMRE 0.11% 0.03% 0.26% 0.15% C&I 0.12% 1.47% 0.02% 0.22% Past-due loans trends are stable and reflect better economics in City’s core markets Past-Due Loans (30
Slide 9: Asset Quality Trends: Provision expense preceded charge-offs
Asset Quality Trends: Provision expense preceded charge-offs
Slide 10: Investment Portfolio
Investment Portfolio: A source of earnings for CHCO given strong liquidity and capital Book Value 6/30/08 T/E Yield 6/30/08 WAM/WAL Treasury $0 $0 0% Agency Debt $0 $0 0% Municipals $ 43.1 MM $43.1 MM 5.88 % 10.1 yr MBS $228.6 $226.5 4.86 % 3.7 yr Single Issuer Bank Trust Pfd $ 85.0 $ 77.9 7.88 % 35
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