First Mid Bancshares, Inc. · NASDAQ:FMBH
First Mid Bancshares — First MID Illinois Bancshares — Investor Presentation (October 2015)
23 slides from First Mid Bancshares's investor presentation, Oct 1, 2015
Slide 1: First Mid-Illinois Bancshares Investor Presentation
Mike Taylor CFO mtaylor@firstmid.com 217.258.3306 Joe Dively Chairman and CEO jdively@firstmid.com 217.258.9520 Since 1865 As of 9/15/15
Slide 2: Disclosures
Disclosures Forward-looking Statements This presentation may contain certain forward-looking statements, such as discussions of the Company’s pricing and fee trends, credit quality and outlook, liquidity, new business results, expansion plans, anticipated expenses and planned schedules. The Company
Slide 3: Corporate Profile
Corporate Profile 3 Current Company Snapshot • Assets: $2.1 billion • Deposits: $1.7 billion • Loans: $1.2 billion • Trust and Wealth Management AUM: $1.2 billion Strong Capital Ratios • TCE/TA: 8.91% • Leverage ratio: 12.49% • Total RBC ratio: 18.31% Exceptional Asset Quality • NPAs/Assets: 0.20% •
Slide 4: Company Overview
Over 400 people. One mission. We fulfill the financial needs of our communities with exceptional personal service, professionalism and integrity and deliver meaningful value and results for our customers and shareholders. Company Overview First Mid-Illinois Bancshares, Inc. First Mid-Illinois Bank a
Slide 5: History and Recognition
History and Recognition First Mid-Illinois Bancshares has a proud 150-year history of service to agricultural, small business and retail customers. • First National Bank of Mattoon established in 1865 • One of the oldest nationally chartered banks in the country • First Mid-Illinois Bancshares, Inc.
Slide 6: Demographics
Demographics 6 Current Footprint • Footprint of 47 branches in 21 counties • Branches strategically located along major transportation routes of I-74, I-70 and I-64 East-West as well as I-57 North-South • Clusters of branches are located in and around cities such as Peoria, Champaign-Urbana, Decatur
Slide 7: Market Share
Market Share 7 Diverse market segments with economies based on agriculture, manufacturing, education and services • Top employers in the region include a diverse range of operations such as Caterpillar, State Universities, Sarah Bush Lincoln Health Center, Rural King, and Continental Tire North Amer
Slide 8: Strategic Advantages
Strategic Advantages First Mid-Illinois Bancshares is able to provide strong strategic advantages in key areas: • Diverse Geographic Footprint • Demonstrated Ability to Raise Capital and Successfully Complete Acquisitions • Experienced Management with Track Record of Growing Shareholder Value • Comp
Slide 9: Strength Through Diversity
Strength Through Diversity Regions Regions Locations Deposits Q2 ’15 Peoria 9 $257,736,470 Decatur/Champaign 7 113,137,404 Sullivan 8 294,657,773 Central Region 8 538,396,256 Metro East/St. Louis 3 62,271,120 TOTAL Deposits Q2’15 35 $1,266,199,023 Southern Region (Acquired 8/14/15) 12 453,167,443 TO
Slide 10: Capital Raises and Acquisitions
Capital Raises and Acquisitions 10 First Mid-Illinois Bancshares has a demonstrated ability to raise capital, close targeted acquisitions and complete successful integrations. Successful Capital Raises June 2015 Raised $29.3 million through a private placement of common stock. Approximately 90% rais
Slide 11: Experienced Management Team
Experienced Management Team 11 Joseph R. Dively Chairman, Chief Executive Officer and President Joe joined First Mid-Illinois Bank as a Senior Executive VP and President of the Bank in 2011. He has served on the Board of First Mid-Illinois Bancshares since 2004. Prior to joining the company, he was
Slide 12: Board of Directors
Holly A. Bailey President, Howell Asphalt Company Executive Vice President of Howell Paving, Inc. Director since 2012 Chairman, Compensation Committee Robert S. Cook Managing Partner, TAR CO Investments, LLC Director since 2014 Joseph R. Dively Chairman and Chief Executive Officer Director since 200
Slide 13: Providing Value to Shareholders
Providing Value to Shareholders $0.74 $0.85 $1.05 $1.26 $1.42 $1.44 $1.51 $1.57 $1.67 $1.04 $1.07 $1.29 $1.62 $1.73 $1.85 $0.97 $0.17 $0.19 $0.22 $0.29 $0.30 $0.33 $0.35 $0.38 $0.38 $0.38 $0.38 $0.40 $0.42 $0.46 $0.55 $0.29 $6.03 $6.79 $7.41 $8.18 $8.49 $9.18 $8.28 $9.36 $10.09 $10.91 $9.38 $11.24 $
Slide 14: Diversified Solutions and Sources of Revenue
Diversified Solutions and Sources of Revenue First Mid-Illinois Bank’s Trust and Wealth Management group provides a stream of non-interest income through a variety of financial products and services: – Farm Management – Investment/Brokerage through an agreement with Raymond James Financial Services,
Slide 15: Quality Core Deposit Franchise
Quality Core Deposit Franchise June 30, 2015 Balance % Checking $ 549,214 43% Savings $ 285,080 23% MMDA $ 244,788 19% CD – Retail/Business $ 173,659 14% CD – Public $ 13,458 1% Total Deposits $ 1,266,199 15 Deposit Composition ($000s) Rounded to Nearest Percentage 1.02% 0.66% 0.48% 0.26% 0.22% 0.20
Slide 16: Diversified Loan Portfolio
Diversified Loan Portfolio 16 Loan Composition ($000s) Rounded to Nearest Percentage $ 8 0 4 ,5 8 1 $ 8 6 0 ,0 74 $ 9 1 1 ,0 65 $ 9 8 2 ,8 0 4 $ 1 ,0 6 2 ,4 0 6 $ 1 ,0 5 9 ,1 0 3 $700,000 $800,000 $900,000 $1,000,000 $1,100,000 2010 2011 2012 2013 2014 Q2'15 Total Loans ($000s) June 30, 2015 Balance
Slide 17: Outstanding Asset Quality Metrics
Outstanding Asset Quality Metrics Ratios 2010 2011 2012 2013 2014 Q2’15 Non Performing Assets/ Total Assets 1.13% 0.80% 0.56% 0.44% 0.30% 0.20% Net Charge-Offs/Average Loans 0.39% 0.29% 0.23% 0.08% 0.03% 0.06% ALLL/Non Performing Loans 99.6% 149.5% 155.1% 204.8% 301.4% 453.9% Loans 30+ Days Delinque
Slide 18: Key Financial Metrics
KEY FINANCIAL METRICS 18
Slide 19: Delivering earnings growth during difficult times
Delivering earnings growth during difficult times Selected Income Statement Data ($000s) 2010 2011 2012 2013 2014 Q2’15 Interest income $50,883 $56,772 $55,767 $53,459 $54,734 $27,611 Interest expense 10,756 8,504 6,157 3,535 3,252 1,655 Net interest income 40,127 48,268 49,610 49,924 51,482 25,956
Slide 20: Selected Balance Sheet Data
Selected Balance Sheet Data ($000s) ASSETS 2010 2011 2012 2013 2014 Q2’15 Cash and cash equivalents $ 231,493 $73,102 $82,712 $65,102 $51,730 $46,334 Certificates of deposit investments 10,000 13,231 6,665 0 0 0 Investment securities 342,866 478,967 508,309 488,724 431,506 465,896 Net loans 794,188
Slide 21: Capitalization Ratio
Capitalization Ratio 2010 2011 2012 2013 2014 Q2’15 Leverage Ratio 7.42% 8.99% 9.66% 10.12% 10.52% 12.49% Tier 1 Risk-Based Capital 11.71% 13.37% 14.51% 14.37% 14.42% 17.13% Total Risk Based Capital 12.84% 14.48% 15.65% 15.58% 15.60% 18.31% Common Equity Tier-1 Capital to RWA 6.88% 7.00% 7.54% 7.78%
Slide 22: Value Proposition
Value Proposition 22 Increasing Shareholder Value Experienced Management Team and Board Diversified Revenue Streams and Proven Earnings Engine Well Positioned Balance Sheet & Strong Asset Quality 150-year Operating Track Record Focused on all Stakeholders Ability to Raise Capital and Grow Strategica
Slide 23: First Mid-Illinois Bancshares, Inc.
First = Mid-Illinois Bancshares, Inc.
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