Eagle Bancorp Montana, Inc. · NASDAQ:EBMT
Eagle Bancorp Montana — Janney 2023 CEO Bank Forum
21 slides from Eagle Bancorp Montana's conference presentation, Feb 1, 2023
Slide 1: Janney 2023 CEO Bank Forum
Janney 2023 CEO Bank Forum February 1 - 2, 2023
Slide 2: Cautionary Notice Regarding Forward-Looking Statements
2 Cautionary Notice Regarding Forward - Looking Statements This presentation includes “forward - looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amen ded, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward - looking statements are base
Slide 3: Community Focused Institution
3 □ Eagle Bancorp Montana, Inc . is the holding company for Opportunity Bank of Montana ; established in 1922 , the Bank is the 4 th largest bank headquartered in Montana with 31 banking offices and has deeply embedded itself as the bank of choice within the community □ Continued execution on commer
Slide 4: Company Overview
4 Company Overview □ 31 branches in Montana operating under the Company’s banking subsidiary – Opportunity Bank of Montana □ Balance Sheet (12/31/22): ▪ Assets $1.948 billion ▪ Gross Loans $1.354 billion ▪ Deposits $1.635 billion ▪ Total equity $158.4 million □ Asset Quality (12/31/22): ▪ NPAs/asset
Slide 5: Experienced Executive Management
5 Chantelle Nash SVP and Chief Risk Officer and Chief Administrative Officer 1 6 years with the Company 1 6 years in banking Mark O’Neill SVP and Chief Lending Officer 6 years with the Company 2 6 years in banking Darryl Rensmon SVP and Chief Operating Officer 6 years with the Company 32 years in IT
Slide 6: Experienced Board
6 Experienced Board Director Experience Year Elected Peter J. Johnson Retired President and CEO of Opportunity Bank and the Company 2007 Rick F. Hays Retired President of a Montana telecommunications company 2007 Thomas J. McCarvel Retired Vice President of Carroll College 1998 Maureen J. Rude Retir
Slide 7: Business Strategy
7 □ Continue to diversify our loan portfolio into commercial (C&I), commercial real estate and agriculture □ Attract and retain lower - cost core deposits □ Continue to expand our franchise through selective acquisitions and branch additions □ Maintain high asset quality levels □ Continue to operate
Slide 8: Key Montana Markets – Helena, Missoula, Great Falls
Key Montana Markets – Helena, Missoula, Great Falls Lewis and Clark County (Helena) Cascade County (Great Falls) Missoula County (Missoula) • Helena is the state capital of Montana. • Stable economy supported by state government, healthcare, education, and small business. • Government positions acco
Slide 9: Key Montana Markets – Bozeman, Billings, Butte
Key Montana Markets – Bozeman, Billings, Butte Gallatin County (Bozeman) Silver Bow (Butte) Yellowstone County (Billings) • Fastest growing area in Montana, and one of the fastest growing counties in the Western U.S. • Home to Montana State University, the largest university in the state (16,000+ st
Slide 10: Corporate milestones and acquisitions
10 □ On April 30, 2022, completed purchase of First Community Bancorp, Inc. and its subsidiary, First Community Bank. □ On January 21, 2022, issued and sold $40 million in aggregate principal amount of its 3.50% fixed - to - floating rate subordinated notes to certain institutional accredited invest
Slide 11: An Expanding Franchise
11 $200 $213 $238 $251 $287 $306 $333 $332 $508 $516 $560 $630 $674 $717 $854 $1,054 $1,258 $1,436 $1,880 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 Non-Acquired Assets Acquired Assets April 2022 Assets: $370M Loans: $191M Deposits: $321M Acquired An Expanding Franchise Source:
Slide 12: Financial Highlights
EAGLE BANCORP MONTANA, INC. FINANCIAL HIGHLIGHTS aa = ~» } 6 Y
Slide 13: Net Interest Income & Net Interest Margin
13 Net Interest Income & Net Interest Margin $ 2 , 0 $ 3 , 0 $ 4 , 0 $ 5 , 0 $ 6 , 0 $ 7 , 0 $ 8 , 0 $ 9 , 0 $ 1 0 , 2 . 8 0 3 . 0 0 3 . 2 0 3 . 4 0 3 . 6 0 3 . 8 0 4 . 0 0 4 . 2 0 4 . 4 0 4 . 6 0 Net Interest Income Net Interest Margin 4.04% 3.85% 3.83% 4.03% 3.97% 3.81% 3.87% 3.75% 3.64% 4.09% 4.1
Slide 14: Provision for Loan Losses
14 Provision for Loan Losses $1,228 $980 $2,627 $3,130 $861 $2,001 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 2017 2018 2019 2020 2021 2022 $ in 000’s
Slide 15: Balance Sheet Expansion
15 Balance Sheet Expansion $717 $854 $1,054 $1,258 $1,436 $1,948 $513 $617 $779 $841 $933 $1,354 $521 $627 $809 $1,033 $1,223 $1,635 $0 $500 $1,000 $1,500 $2,000 $2,500 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 Assets Total Loans Deposits $ in millions
Slide 16: Loan Portfolio Composition – 12/31/2022
16 Loan Portfolio Composition – 12/31/2022 □ Since 2008, number of Commercial/Ag lenders has increased from 4 to 42 □ 27 Mortgage Lenders □ C&I accounts for 9% of loan portfolio □ Owner - occupied CRE loans represent 14% of total loans Per call report data as of 12/31/22, excludes loans held for sal
Slide 17: Deposit Mix – Rolling 8 Quarters
17 Non Interest Checking 29% Interest Bearing Checking 15% Savings 17% Money Market 24% Time Certificates 15% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 Time Certificates Money Market Savings Interest Checking Non Interest Checking December 31, 2022 Deposit M
Slide 18: Disciplined Credit Culture
18 0.21% 0.45% 0.52% 0.68% 0.49% 0.40% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% 0.70% 0.80% 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 Nonperforming Assets/Total Assets Disciplined Credit Culture
Slide 19: Yield and Cost of Funds
19 Yield and Cost of Funds 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 2017Y 2018Y 2019Y 2020Y 2021Y 2022Y Yield on Average Earning Assets EBMT Peer Group 4.00% 4.50% 5.00% 5.50% 6.00% 2017Y 2018Y 2019Y 2020Y 2021Y 2022Y Yield on Loans EBMT Peer Group 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 2017Y 20
Slide 20: Capital Strength
20 Capital Strength Total Assets 853,903$ 1,054,260$ 1,257,634$ 1,435,926$ 1,948,384$ Total Common Stockholders' Equity 94,806$ 121,659$ 152,938$ 156,729$ 158,416$ Total Regulatory Capital 104,186$ 126,711$ 156,897$ 164,639$ 219,595$ Tier 1 Leverage Ratio 10.51% 10.52% 10.61% 9.75% 7.78% Tier 1 Risk
Slide 21: Contact
Laura Clark President and CEO Office: (406) 442 - 3080 Direct: (406) 457 - 4007 lclark@oppbank.com www.opportunitybank.com 1400 Prospect Avenue P.O. Box 4999 Helena, MT 59604 Miranda Spaulding SVP and Chief Financial Officer Office: (406) 442 - 3080 Direct: (406) 441 - 5010 mspaulding@oppbank.com