Sierra Bancorp · NASDAQ:BSRR
Sierra Bancorp — Merger or Acquisition (July 2014)
7 slides from Sierra Bancorp's merger presentation, Jul 18, 2014
Slide 1: Acquisition of Santa Clara Valley Bank, N.A.
SIERRA BANCORP Acquisition of Santa Clara Valley Bank, N.A. July 17, 2014
Slide 2: Forward-Looking Statement
Forward - Looking Statement This press release contains forward - looking statements concerning Sierra Bancorp and Bank of the Sierra and their operations, performance, financial conditions and likelihood of success. All statements other than statements of historical fact are “forward - looking stat
Slide 3: SCVE Financial Overview and Transaction Rationale
SCVE Financial Overview (3/31/2014) ($000) Total Assets $127,163 Gross Loans $62,937 Total Deposits $105,238 Noninterest-Bearing Demand Deposits $38,063 Common Equity $10,602 Total Equity $13,606 Non-Performing Assets/Total Assets 0.58% Reserves/NPAs 157.4% Loan Loss Reserve/Gross Loans 1.84% Loans/
Slide 4: Transaction Details
Transaction Details Total Deal Value (including cash-out of preferred) $15.3 million Common $12.3 million Preferred $3.0 million Per Share Value to Common Shareholders $ 6.00 per share Consideration mix 100% cash Required Approvals Customary regulatory approvals and approval of SCVE shareholders Due
Slide 5: Pro Forma Deposit Mix
Type Balance ($000s) % of Total Deposits Noninterest-bearing Demand 392,518 29.6% MMDA, Savings & Int. Bearing Demand 481,693 36.3% NOW + Other Trans 136,455 10.3% CDs < $100k 91,458 6.9% CDs ≥ $100k 223,292 16.8% Total Deposits 1,325,416 100.0% Type Balance ($000s) % of Total Deposits Noninterest-b
Slide 6: Pro Forma Loan Mix
Type Balance ($000s) % of Total Loans Construction & Development 31,279 3.5% Commercial Real Estate 351,065 38.9% Multi-Family 17,789 2.0% 1-4 Family 173,963 19.3% Commercial & Industrial 99,243 11.0% Consumer 22,396 2.5% Farm + Other 206,217 22.9% Total Loans 901,952 100.0% Gross Loans/Deposits 68.
Slide 7: Sierra Bancorp: Keep Climbing
SIERRA BANCORP KEEP CLIMBING