First Capital, Inc. · NASDAQ:FCAP
First Capital — Q2 2017 Earnings Presentation
19 slides from First Capital's earnings presentation, Aug 4, 2017
Slide 1: Presented by Bill Harrod and Chris Frederick
Presented by: Bill Harrod President and CEO Chris Frederick Executive VP and CFO 2
Slide 2: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This presentation and any oral statements in connection herewith may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by use of the words “e
Slide 3: Who we are
Who we are: A Community Bank focused on high tech, high touch services located in Southern Indiana and Bullitt County, Kentucky Traditional Core Banking, Wealth Management, & First Harrison Mortgage Total Assets of $763 million 18 Branches 4
Slide 4: Diversified Economic Base
Diversified Economic Base Major Employers in Southern Indiana Amazon Floyd Memorial Baptist Health Clark Memorial Hospital Greater Clark Schools U.S. Census Bureau Major Employers in Bullitt County, Kentucky Jim Beam Amazon Geek Squad City Gordon Food Services Bullitt County – 5th fastest growing co
Slide 5: River Ridge Commerce Center
River Ridge Commerce Center In Southern Indiana 6 River Ridge Commerce Center is a world-class business and manufacturing park with 6,000 prime acres under development in the Midwest’s top-ranked business environment. The Commerce Center is a high-profile location with large parcels of land along th
Slide 6: History of the Company
History of the Company Founded in 1891 as First Federal Savings and Loan Association of Corydon and renamed First Federal Bank in 1993. First Capital, Inc. was established as a bank holding company for First Federal Bank in 1998 and conducted a public stock offering the same year. Merger of equals b
Slide 7: Net Income & Earnings Per Share
NET INCOME & EARNINGS PER SHARE 8 YTD Net Income 6/30/2017: $3,743 YTD Net Income 6/30/2016: $3,365 YTD Earnings Per Share 6/30/2017: $1.12 YTD Earnings Per Share 6/30/2016: $1.01 $3,922 $5,074 $5,594 $5,198 $6,864 $- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 12/31/2012 12/31/2013 12/3
Slide 8: Total Assets & Return on Assets
TOTAL ASSETS & RETURN ON ASSETS 9 $459,132 $444,384 $472,761 $715,727 $743,658 $763,174 $- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 Total Assets (In Thousands) 0.86% 1.11% 1.22% 1.06% 0.94% 0.99% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% Annualized Retur
Slide 9: Net Loans
NET LOANS 10 $280,407 $288,506 $300,603 $359,166 $381,154 $394,452 $- $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 6/30/2017 Net Loans (In Thousands)
Slide 10: Loan Composition
LOAN COMPOSITION 11 Residential Real Estate - $134,544 ( 34% ) Land - $17,763 ( 5% ) Construction - $24,768 ( 6% ) Commercial Real Estate - $92,022 ( 23% ) Commercial Business - $27,805 ( 7% ) Home Equity and 2nd Mortgage - $46,409 ( 12% ) Other Consumer - $51,141 ( 13% ) Loan Portfolio Composition
Slide 11: Nonperforming Assets to Total Assets
NONPERFORMING ASSETS TO TOTAL ASSETS 12 *Nonperforming assets include nonaccrual loans, accruing loans that are 90 days or more past due, and foreclosed real estate. 1.78% 1.34% 0.70% 1.32% 1.04% 0.87% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% 1.60% 1.80% 2.00% Ratio of Nonperforming Assets to
Slide 12: Net Charge-Offs to Average Loans
NET CHARGE-OFFS TO AVERAGE LOANS 13 *Annualized 0.35% 0.19% 0.09% 0.48% 0.18% 0.17% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% Ratio of Net Charge - Offs to Average Loans
Slide 13: Total Deposits
TOTAL DEPOSITS 14 $384,343 $373,830 $412,636 $637,177 $664,650 $680,366 $- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 6/30/2017 Total Deposits (In Thousands)
Slide 14: Non-Maturity & Non-Interest Bearing Deposit Accounts
NON-MATURITY & NON-INTEREST BEARING DEPOSIT ACCOUNTS 15 15% 15% 18% 20% 18% 20% 0% 5% 10% 15% 20% 25% Non - Interest Bearing Deposit Accounts (as a % of Total Deposits) 74% 77% 82% 85% 87% 88% 65% 70% 75% 80% 85% 90% Non - Maturity Deposit Accounts (as a % of Total Deposits)
Slide 15: Deposit Composition
DEPOSIT COMPOSITION 16 Non - Interest Bearing Demand - $137,502 ( 20% ) Time Deposits - $78,907 ( 12% ) Interest Bearing Demand, Savings & Money Market - $463,957 ( 68% ) Deposit Composition Total of $680,366 (in thousands) as of 6/30/2017
Slide 16: Cost of Funds
COST OF FUNDS 17 *Annualized 0.73% 0.48% 0.34% 0.29% 0.33% 0.26% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% 0.70% 0.80% Cost of Funds
Slide 17: Total Equity and Return on Equity
TOTAL EQUITY AND RETURN ON EQUITY 18 $52,824 $53,227 $57,121 $74,396 $75,730 $80,145 $- $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 Total Shareholders’ Equity Net of Non - Controlling Interest in Subsidiary (In Thousands) 7.54% 9.56% 10.09% 8.65% 8.90% 9.66% 0.00% 2.00% 4
Slide 18: Net Interest Income & Non-Interest Income
NET INTEREST INCOME & NON-INTEREST INCOME 19 YTD Net Interest Income 6/30/2017: $12,216 YTD Non-Interest Income 6/30/2017: $3,309 $16,335 $16,758 $17,255 $17,709 $23,331 $- $5,000 $10,000 $15,000 $20,000 $25,000 12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 Net Interest Income (In Thousands
Slide 19: Net Interest Income & Non-Interest Income
Income Non-Interi int $25,000 $23,331 $7,000 $6,000 sugars lorem tae, *17-709 $5,000 4,000 $3,000 $2,000 $1,000 s 42/34/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2012 12/31/2013. 12/31/2014 12/31/2015 12/31/2016 YTD Net Interest Income 6/30/2017: $12,216 YTD Non-Interest Income 6/30/201