Summit State Bank · NASDAQ:SSBI
Summit State Bank — Investor Presentation (May 2024)
12 slides from Summit State Bank's investor presentation, May 20, 2024
Slide 1: Presentation slides dated May 20, 2024
99.1 Presentation slides dated May 20, 2024 6
Slide 2: Summit State Bank Overview and Market Area Highlights
A SUMMIT Summit State Bank-naspaa: ssBi Headquartered in Santa Rosa, CA Branch Locations = Santa Rosa Main Healdsburg Santa Rosa Montgomery Village Rohnert Park Petaluma Regional Small Business Lending Group = Roseville, CA AN SUMMIT 3 Market Area Highlights Unemployment Northern California Concentr
Slide 3: Our Leadership Team / Financial Trends
Our Leadership Team in the Indi 165 Years of Collective Experience Financial Trends = Rate increases combined with our anon, am strategy to increase liquidity have put 15,000 1.60% downward pressure on Net Interest 14,000 1.40% Margin ultimately resulting in reduced one aan Return on Average Assets
Slide 4: Loan Growth & Asset Quality
/ ‘Loan Growth & Asset Quality 0.00% 2O18YE —«-2O1SYE_——«2020YE_—«2ORIVE—«2022VE_—=—2023VE. mam Loan Growth (YoY) Loan Grow A SUMMIT Note: CECL Conversi th ExPPP oY) emmmNPA as a % of Loans (Right axis) lon as of January 1, 2021 Loan Growth has declined from prior periods due to elevated risk in the
Slide 5: Interest Income & Interest Expense Management
Interest Income & Interest Expense Management Net Interest Margin (%) and Net Interest Income ($000) $45,000 5.00% som “8 “= NIM compression and Net $35,000 — Interest Income decline observed ees 3.50% due to planned deposit growth, 3.0% increased interest rates $25,000 250% $20,000 ma * NIM and Net
Slide 6: Maintaining the Infrastructure to Deliver Results
2ousve AN SUMMIT Maintaining the Infrastructure to Deliver Results Expenses as a % of Assets = Expenses as a % of Total Assets has seen modest increases since the Pandemic due to inflationary pressures = Expenses are managed and reflects maintaining origination infrastructure 20196 2orove 2o2¥E ronz
Slide 7: Loan Composition
Loan Composition Total Loan Portfolio AX SUMMIT Post Pandemic Risks: Office at 12% of Total Portfolio (LTV 52%) Diversified Portfolio with Manageable Risk Total Portfolio LTV 46% (ex C&l); CRE LTV 47% CRE Loan Portfolio Concentration: Investment & Owner Occupied rt bg = Hotel 15% Restourants ‘nda /
Slide 8: Liabilities Trends
Liabilities Trends Local Deposits and Brokered & FHLB Advances * Continued Focus on Managing ($000's) Local Non-Maturity Deposit $1,200,000 Growth to match Loan Growth $1,000,000 = 4Q2023 Average Cost of Funds at 2.36% $800,000 $600,000 = Deposit growth from 2018 to 4Q2023: eae = Local Non-Maturity
Slide 9: Focus on Liquidity and Quality as of Q1 2024
Focus on Liquidity and Quality as of QI 2024 * $113MM of Available Primary Liquidity = Including Cash and Investments Available for Sale = Primary Liquidity is 11% * $305MM of Available Secondary Lines = Including FHLB, Federal Reserve Bank, and Fed Funds lines = Total Liquidity (Primary + Secondary
Slide 10: Consistent Dividend Return
/ Consistent Dividend Return Dividend Paid on 1 share since 2016 $0.70 saree Graph illustrates investment in 1 share : of stock beginning in 2016 $0.60, sas * Dividend on Initial Investment relates to the original purchase of 1 $0.50 share $0.45 woe we * Additional Dividend Return of 37.5% basi is a
Slide 11: Awards and Accolades / Why Summit State Bank?
AN. SUMMIT Awards and Accolades “eé Best Placesto Work = \ North Bay Business Journal Best Business Bank \ OZ North Bay biz magazine \ i} / Top Performing Banks \ V/4 ICBA \J Y iP Raymond James Bankers Cup | J | Raymond James . ( Super Premier Performance a) A y Findley Reports Bank & Thrift Sm - Al
Slide 12: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements within the meaning of the ‘safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995, including forward-looking statements regarding our expectations and beliefs about our future financial performa