Truxton Corp · OTC:TRUX

Truxton — Shareholder Meeting (May 2023)

17 slides from Truxton's shareholder meeting presentation, May 17, 2023

1. Slide 1: Annual Meeting of Shareholders

   Annual Meeting of Shareholders Thomas S. Stumb Chairman & Chief Executive Officer Derrick A. Jones President Austin S. Branstetter Chief Financial Officer May 17, 2023

2. Slide 2: 2022 Financial Highlights

   2022 Financial Highlights Revenue (000's) Fully Diluted EPS Assets $41,000 $40,471 $6.00 $925,000 $40,000 $5.75 $5.80 $39,000 $920,000 $5.60 $917,259 $917,280 $38,000 + 0% $5.40 $915,000 $37,000 $5.20 $910,000 $36,000 $35,564 5.02 $5.00 $35,000 $905,000 $34,000 $4.80 $900,000 $33,000 $4.60 2021 2022

3. Slide 3: Growth is Continuing in 2023

   Growth is Continuing in 2023  Truxton Trust continues to experience growth in the new year but at a more moderate pace  Net income increased 1.5% in Q1 2023 compared to Q1 2022 ($000s) Quarter Ended March 31 Income Summary 2023 2022 % Change Net Interest Income $6,107 $5,592 9% Provision for Loan

4. Slide 4: NIM Challenged by Dynamic Environment

   NIM Challenged by Dynamic Environment 5.00% 4.50% 4.00% 3.50% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 NIM Fed Funds (Upper Bound) Cost of Funds 4

5. Slide 5: Safe and Reliable Credit Quality

   Safe and Reliable Credit Quality  30 days+ past due: total $29,717.14  Non-performing assets (NPAs): $0  No “Other Real Estate Owned” Allowance vs. Non-Performing ($000s) Reserves / Loans 1.20% $6,500 $6,000 $5,500 1.00% $5,000 $4,500 0.80% $4,000 $3,500 0.60% $3,000 $2,500 0.40% $2,000 $1,500 $1

6. Slide 6: We Have Conservative, Diversified Loans

   We Have Conservative, Diversified Loans ACD CRE 100% 300%  Commercial Real Estate Concentration, and Development loans were 248% of 75% 225% capital at quarter end  Average loan yield rose due to continued 50% 150% loan growth, loan repricing, and floaters reflecting the rate hikes 25% 75% 0% 0% 2

7. Slide 7: Deposits

   Deposits Deposit Mix as of March 31, 2023 (MM) Cost of Funds Cost of Funds Average Effective Funds Rate 5.00% Time Deposits Time Deposits Retail, $16.6 Non Interest 4.00% Wholesale, Bearing, $151.7 Money Market $132.4 3.00% Brokered, $26.2 Money Market, NOW Accounts, 2.00% $80.2 $115.5 1.00% Savings

8. Slide 8: Wealth Management Growth Continues

   Wealth Management Growth Continues  Wealth management services constituted 40% of net revenue in Q1 2023  Wealth management services represented 93% of total non-interest income in Q1 2023  Wealth management revenue declined <1% in Q1 2023 compared to Q1 2022 despite significant market declines o

9. Slide 9: Wealth Management Growth Continues

   Wealth Management Growth Continues ($MM) Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Starting Trust AUM $1,513.8 $1,484.1 $1,423.6 $1,365.5 $1,455.7 New Accounts $33.5 $89.7 $11.4 $3.4 $14.3 Account Additions $14.3 $36.3 $5.4 $17.6 $9.8 Distributions ($15.7) ($29.0) ($5.4) ($26.0) ($23.8) Loss of Accoun

10. Slide 10: TRUX Financial Returns are Excellent

    TRUX Financial Returns are Excellent  Efficiency ratio remains low  Net interest margin (NIM) even with Q1 2022  Return on average assets (ROAA) down 9 basis points from Q1 2022  Return on average equity (ROAE) up 241 basis points from Q1 2022  Tier 1 Leverage Ratio for the Bank up 85 basis poi

11. Slide 11: We are Creating Value from your Capital

    We are Creating Value from your Capital 220,000 200,000 180,000 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Q1 2023 Initial Capital Raised Book Value of Equity BV Plus Cumulative Distribu

12. Slide 12: TRUX Performance

    TRUX Performance Total Return (%) since 12/31/21 20.00 10.00 0.00 (10.00) (20.00) (30.00) (40.00) Dec 21 Jan 22Feb 22 Mar 22 Apr 22 May Jun 22 Jul 22 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22 Jan 23Feb 23 Mar 23 Apr 23 22 TRUX KBW Regional Bank ETF Source: S&P Capital IQ, total return through 5/12/23 12

13. Slide 13: Recent Banking Industry Concerns

    Recent Banking Industry Concerns  4 recent bank failures, driven by: - Excessive growth without appropriate controls and risk infrastructure - Concentrated, undiversified business • Large % of uninsured deposits • Client base and bank liquidity highly correlated - Asset-liability risk mis-managemen

14. Slide 14: How is Truxton Different?

    How is Truxton Different?  We do have some of the same issues as each bank that failed BUT at a level that doesn’t threaten insolvency due to our strong bank capital position Well-Capitalized Truxton Capital Threshold Q1 2023 Capital Surplus Tier 1 Leverage Ratio 5.00% 10.29% 94,680 49,035 CET 1 RB

15. Slide 15: TRUX Performance

    TRUX Performance Total Return (%) since 12/31/19 80.00 60.00 40.00 20.00 0.00 (20.00) (40.00) (60.00) Dec 19 Mar 20 Jun 20 Sep 20 Dec 20 Mar 21 Jun 21 Sep 21 Dec 21 Mar 22 Jun 22 Sep 22 Dec 22 Mar 23 TRUX KBW Regional Bank ETF Source: S&P Capital IQ, total return through 5/12/23 15

16. Slide 16: Mission

    Mission To do the right thing every day, putting our clients’ interests first, with distinctive, comprehensive financial solutions that protect and promote client prosperity and quality of life. 16

17. Slide 17: Truxton has Amply Rewarded: Shareholders & The Government

    Truxton has Amply Rewarded: Shareholders & The Government  $20MM of initial capital raised  Cumulative Taxes: $28MM  Cumulative Dividends: $35MM, $12.66 per share $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $- 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 202

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