First Farmers & Merchants Corp. · OTC:FFMH
First Farmers & Merchants — Shareholder Meeting (April 2020)
19 slides from First Farmers & Merchants's shareholder meeting presentation, Apr 22, 2020
Slide 1: 2019 A Legacy of Trust
ss i ° Pe > —— FIRST FARMERS. ow % ts, ge 2019 A LEGACY OF TRUST
Slide 2: Financial Performance
Financial Performance (dollars in thousands) 2019 2018 Variance Net income $16,056 $14,197 +$1,859 Net income, adjusted for $13,971 $13,811 +$160 special items Earnings per share $3.62 $3.17 +$0.45 Return on assets 1.18% 1.04% +0.14% Cash dividends declared, per $0.84 $0.81 +$0.03 share
Slide 3: Balance Sheet Strength
Balance Sheet Strength (dollars in thousands) 2019 2018 Variance Total assets $1,403,670 $1,365,117 +$38,553 Total loans, net of deferred fees $934,770 $894,685 +$40,085 Total deposits $1,220,241 $1,174,670 +$45,571 Net interest margin 3.48% 3.41% +0.07% Total shareholders’ equity $144,388 $129,983
Slide 4: Asset Quality
Asset Quality (dollars in thousands) 2019 2018 Variance Total nonperforming assets $1,665 $1,674 -$9 Nonperforming assets to total 0.12% 0.12% 0% assets Other real estate owned $0 $0 $0 Net charge-offs (recoveries) to 0.00% -0.01% +0.01% average loans
Slide 5: Liquidity
Liquidity 17% 16% 15% 12% 10% 10% 10% 10% 10% 10% 4Q18 1Q19 2Q19 3Q19 4Q19 Liquidity Liquidity - target
Slide 6: Bank Level Regulatory Capital Ratios
Bank Level Regulatory Capital Ratios 14.7% 13.8% 9.8% 10.0% 8.0% 5.0% Tier 1 Leverage Tier 1 Capital Total Risk-Based Capital Minimum to be well capitalized December 31, 2019 - Capital Levels
Slide 7: Bank Level Regulatory Leverage Ratios
Bank Level Regulatory Leverage Ratios 9.8% 9.3% 8.7% 8.7% 8.2% 5.0% 5.0% 5.0% 5.0% 5.0% 2015 2016 2017 2018 2019 Minimum to be well capitalized Regulatory Leverage Ratio
Slide 8: A Legacy of Trust
ss i ° Pe > —— FIRST FARMERS. ow % ts, ge 2019 A LEGACY OF TRUST
Slide 9: Book Value per Share
First Farmers & Merchants Corporation Book Value per Share 4 1 % 12.8% ativ e u l C um ye ars 5 6.3% 6.0% 6.5% 4.2% 2015 2016 2017 2018 2019
Slide 10: Market Value per Share
First Farmers & Merchants Corporation Market Value per Share 5 Year Increase 94% 57.0% 48.3% First Farmers S&P 500 NASDAQ Bank Index
Slide 11: Delivery and Innovation
Delivery and Innovation First Farmers banks on what matters most. Learn more about auto — E> ‘Contact us or find your local branch to lear more about auto loans from First Farmers. When you bank with First Farmers, you're more than just another client - you're family. Fins Farmers | Cardless Cash Re
Slide 12: First Farmers' Footprint
First Farmers’ Footprint
Slide 13: 2019 Bank Revenue
2019 Bank Revenue * Non-Interest Income 23.7% *Adjusted for special items
Slide 14: 2019 Non-Interest Income
2019 Non-Interest Income* Misc. Trust Other Fee Based Services Mortgage Investment *Adjusted for special items
Slide 15: Trust Growth Over 50 Years
Trust Growth Over 50 Years (in thousands) $5,400,000 $2,890,000 $1,740,000 $483,000 $1,000 $101,100 1969 1979 1989 1999 2009 2019
Slide 16: Mortgage Banking Revenue
Mortgage Banking Revenue (in thousands) $1,114 $849 $583 $498 2016 2017 2018 2019
Slide 17: Efficiency
Efficiency
Slide 18: Our Team
Our Team
Slide 19: A Legacy of Trust
ss i ° Pe > —— FIRST FARMERS. ow % ts, ge 2019 A LEGACY OF TRUST
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