CNB Community Bancorp Inc · OTC:CNBB
CNB Community Bancorp — Community Bancorp — Investor Presentation (July 2005)
35 slides from CNB Community Bancorp's investor presentation, Jul 25, 2005
Slide 1: Investor Presentation
Exhibit 99.1 INVESTOR PRESENTATION
Slide 2: Forward-Looking Statements
Forward Certain constitute involve performance which the publicly 2 availability the statements known announce Looking “forward-looking Company or of and achievements Information capital the contained unknown operates, results to fund statements” in risks, of expressed demographic this any theuncert
Slide 3: Securities Law Matters and Additional Information
Securities This of connection In which because the (www.sec.gov) filed reasonably 3 Reorganization, connection Form presentation with describes these S-4. the Law practicable with SEC documents with The Matters orthe Rules may by registration and dated the proposed contacting be 165 after proposed a
Slide 4: Key Investment Considerations
Key of One Consistent, Five Second Focus Experienced Successful 4 Bellagio Investment year on the quarter business CAGR average largest initial high management 2005 Considerations performing of public ROE community lending assets ROEand offering team and ROA institution banks net ROA relationship wi
Slide 5: Summary of Offering
Summary Community Issuer: NASDAQ CBON 1,495,652 800,000 344,348 2,640,000 Shares Trading Market Effective Use Lead Co-Manager: Commercial 5 ofManager: Proceeds: Offered: Outstanding Capitalization Range Secondary Over-allotment Date: of Total Primary Symbol: Bancorp Construction Initial D.A. Since D
Slide 6: Company Overview
Company Community Profitable Provides Emphasis Trends Corporate 6 inagrowth Overview on every Headquarters complete Bancorp Bank relationship year and of array Nevada, since is profitability thebanking of 1995 bank commercial founded holding have and personalized incontinued company 1995, banking is
Slide 7: Community Bancorp/Bank of Commerce Transaction
Community On approximately Shareholders 50% The Under 7 May acquisition cash. the19, consummation Bancorp/Bank 2005 of$40.0 has Bank Community been million of Commerce approved ofofthe inCommerce Bancorp cash transaction, bywill and the announced stock. have Board Bank the On ofoption ofJuly the Dir
Slide 8: Community Bank of Nevada and Bank of Commerce
Community Bank They Their Vegas *Unaudited, 8 have of focus Vic Commerce, Commerce three isBancorp/Bank based handling branches on isfounded internal locally theserving banking ofin owned Commerce financial 1997, theneeds and communities isstatements aoperated of commercial small to of mid-size Las
Slide 9: Branch Locations and Market Area
Branch Six One Between By According Circled Current Post-Acquisition * W Ave E Russell 9 reserved. According Carey Lone 2004 full N of Rainbow the Locations areas Rd service Branch Ave Mountain Clark 1990 largest to Mc to North are FDIC, and County UNLV Carran offices Locations Blvd expected Locatio
Slide 10: Deposit Market Share in Clark County
Deposit COUNTY: Rank 1 2 3 4 5 6 7 8 9 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 All Total One Bank Source: 10Wells Western Washington Citigroup Bank Zions U.S. Marshall Community Silver Valley West First Golden Capitol Intermountain Irwin Colonial Sun Central Business BNP United Marin Bank other
Slide 11: Experienced Management Team
Experienced Years Founder 21+ 30+ 25+ 20+ 33+ Position Management EVP Edward Lawrence Cathy Don Cassandra Bruce * 1 1+ 2+ 9+ 3+ 10+ 11Community F. and of with Ford Robinson Bigger M. Experience and Chief K. Eisinger CBON Jamison Management Chief Scott Bank Operating Financial Operations Credit Execu
Slide 12: Growth Strategies
Growth To Acquire Planning Compete World 12 continue capitalize Market Strategies other thestrong, 10th acquisition on community Center growth branch focused opportunities of (post-acquisition) banks Bank organic in ofstrategic Commerce growth in Lasfor in or Vegas assets, contiguous the in late spr
Slide 13: Growth Strategies: Loan Production and Diversification
Growth Increase Open San Phoenix To Renaissance 13 continue expand hire Diego additional and Strategies Loan diversification the Loan retain, to Condo Production commercial increase SBA Production -experienced Continued Project loan the through Office production and number Office SBA and participati
Slide 14: Operating Strategies
Operating Enhance Proactively Commit Maintain Continue Closely The 14 Curve monitor experienced risk high toStrategies Condo manage actively management asset volume Project quality sound manage human and functions procedures by resources maturity interest continuing rate of toour this and to utilize
Slide 15: Financial Performance
COMMUNITY BANCORP FINANCIAL PERFORMANCE
Slide 16: Strong Asset Growth and Improving Credit Quality
Strong $304,058 $400,571 $500,000 $463,431 $600,000 $573,961 $700,000 $651,131 ($000) $- $100,000 $200,000 $300,000 $400,000 Improving 2.50% 1.99% 3.00% 3.50% 3.29% 1H 2001 2002 2003 2004 0.00% 0.50% 0.13% 0.78% 1.00% 1.50% 2.00% 16 05 Asset Trends Credit Growth in Key Quality Metrics NPAs to Loans
Slide 17: Strong Net Income Gains and Consistently Profitable
Strong Gains ($000) $- $1,000 $2,000 $3,000 $4,000 $3,157 $5,000 $4,402 $4,725 $6,000 $5,215 $5,421 Consistently 14.0% 16.0% 11.03% 15.1% 14.9% 18.0% 20.0% 17.8% 19.1% 1H 2001 2002 2003 2004 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% ROAE 17 05 In Trends Net Profitable Income in Key Metrics
Slide 18: Deposit Growth
Deposit CAGR ($000) 1H 2001 2002 2003 2004 $0 $100,000 $200,000 $300,000 $277,422 $400,000 $351,584 $403,713 $500,000 $476,252 $504,062 $600,000 18 05 =Growth 19%
Slide 19: Improving Deposit Mix
Improving 2005 2001 26% 4% Money 48% 29% Interest Time Demand 45% Bearing 1% 24% 3% Savings Non-interest 19% Average Cost 19 of Certificates Market Deposits Bearing Demand balances Deposit =for 3.97% 1.56% Mixthe six yearmonths ended December ended June31, 30,2001 2005
Slide 20: Loan Growth
Loan CAGR $471,107 ($000) 1H 2001 2002 2003 2004 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $247,182 $350,000 $293,535 $400,000 $350,082 $450,000 $403,270 $500,000 20 05Growth = 20%
Slide 21: Loan Portfolio Matches the Marketplace
Loan Portfolio 2001 Consumer 28% 2005* 22% 40% 2% 8% Residential Commercial 4% Other *Loan 44% Construction 34% 17% 1% Estate 21 portfolio &Real Real Matches for the six themonths Marketplace ended June 30, 2005
Slide 22: Balance Sheet
Assets Gross Deposits Balance Equity Leverage Tier Total Allowance 22 1Risk-Based Loans Risk-Based $to 22,336 Sheet 304,058 277,422 Assets Ratio for247,182 27,212 2001 Ratios Loan 7.06% 7.35% $400,571 Capital 351,584 Capital 2002 Losses 293,535 32,201 8.84% 6.79% Ratio 2003 Ratio 403,713 $463,431 3,
Slide 23: Income Statement
Interest Non-interest Provision EPS Income ROAA ROAE Net Efficiency 23 interest income Interest - diluted basic 14.9% 1.08% and Expense before Statement for Ratio $0.69 income $3,157 Dividend Margin income expense loan income $0.68 19.1% 1.33% income 56.2% 10,737 $1.03 Losses 2001 Ratios $4,725 13,3
Slide 24: Asset Quality
Asset 6mos. Non-performing Allowance Net (1) 0.04% 969.33% 1.29% 0.10% 0.13% (2) 24 Non-performing charge-offs Quality Endedfor2Q05 loan toassets loans average losses loans assets to tototal total are to are loans total non-performing defined loans(1) defined loans assets(2) loans and as asloans ORE
Slide 25: Diluted EPS Growth
EPS05- Diluted CAGR 1H 2001 2002 2003 2004 $- $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $0.68 $0.64 $1.01 $1.10 25 = 17.1%
Slide 26: Summary Financials
($mlns) Summary 2001 Assets Tangible NPAs/Loans NCOs/Avg EPS Net Efficiency ROAA ROAE Consistent High Strong 26 Income Interest -quality 2002 diluted $304.1 balance asset 14.9% 1.08% At Equity Equity/Tangible Ratio profitability 2003 or Loans $3.2 Margin sensitive + credit $0.68 for 19.1% 1.33% $400
Slide 27: Bank of Commerce Deposit Composition
Bank (in Deposits MMDA’s Total Time Non-interest Demand Deposit Other 26.6% 29.4% Source: 41.3% MMDAs 2.7% 27 $000) $138,120 Certificates of Savings S-4 Commerce Deposits Bank $57,110 Filing Bearing $3,744 of of Commerce 41.3% asDeposit Deposit Demand of 2.7% 3/31/05 Composition $40,580 %Deposits 29
Slide 28: Bank of Commerce Loan Composition
(in Bank Total 1 % $121,636 $702 $9,758 $54,045 $37,847 $19,284 Consumer 0.6% 8.0% 44.4% 31.1% Real 1% 16% 8% Construction Source: 44% Commercial 31% 285.9% $000) Estate- of S-4 Commerce Loans &Filing Residential Commercial OtherasLoan of 3/31/05 Composition
Slide 29: Unaudited Pro Forma Combined Statement of Financial Condition
UNAUDITED STATEMENT As Cash ASSETS: Held-to-maturity Investments: Available-for-sale, Federal Real Commercial Consumer Unearned Loans Less Net Premises Accrued Other Deferred Goodwill Total (dollars Community 6 2,468 1,535 2,233 8,493 401,389 (6,156) 407,545 (2,287) 3,090 59,065 347,677 2,264 90,540
Slide 30: Pro Forma Liabilities and Stockholders' Equity
Combined LIABILITIES Interest Deposits Non-interest Other Junior Accrued Commitments Common Additional Accumulated Less Retained Total Source: 30 cost notes deposits stockholders’ liabilities borrowed subordinated bearing S-4 stock expenses earnings of stock Liabilities receivable paid-in Filing tre
Slide 31: Combined Loan and Deposit Portfolios (Year-End 2004)
Combined (Ending 2004 (Average Consumer Residential Time Savings Other 6% Industrial Commercial 30% 1% Interest Non-interest 39% 38% 18% MMDA’s Bearing Demand *Figures 4% 27% 36% Deposits Construction 31 Combined Deposits Bearing Demand Balances) from Balances) Loans & Loan RE &unaudited RE Loan Dep
Slide 32: Combined Loan and Deposit Portfolios (March 2005)
(Average March Combined (Ending Consumer Residential Time 6% Other Savings 1% Commercial 25% Industrial 39% MMDA’s Interest 43% 18% Bearing Demand Construction Non-interest * 26% 5% Deposits 36% 32Based Deposits 31, Bearing Demand on Balances) Balances) Loans 2005 & Deposit Loan unaudited RE & Portf
Slide 33: Contribution Analysis
84% 79% 16% 21% 80% 77% 20% 23% 634,401 407,545 535,112 79,307 23,176 24,653 5,421 $167,493 $121,379 $138,120 $15,012 $6,762 $7,333 $1,335 Gross Assets Contribution $801,894 $528,924 $673,232 $94,319 $29,938 $31,986 $6,756 Common Deposits 2004 B 20.9% 20.5% 15.9% 22.6% 22.9% 19.8% Pro 100.0% CBON 79
Slide 34: Investment Thesis
Investment One Excellent Consistent, Five Focus Experienced 34 of year on thecommercial CAGR average expansion largest Thesis high management performance of ROE community assets opportunities banking andteam and ROA institution banks and net with of in income total 17.3% headquartered over bothclien
Slide 35: Investor Presentation
communrry nancorr ~~ INVESTOR PRESENTATION
Community Bancorp — Investor Presentation (July 2005) on 6ix