First Mid Bancshares, Inc. · NASDAQ:FMBH
First Mid Bancshares — First MID Illinois Bancshares — Merger or Acquisition (December 2017)
12 slides from First Mid Bancshares's merger presentation, Dec 12, 2017
Slide 1: Announces the Acquisition of First BancTrust Corp.
Announces the Acquisition of December 11, 2017 First BancTrust Corp.
Slide 2: Disclosures: Forward-looking Statements
Disclosures Forward - looking Statements This document may contain certain forward - looking statements, such as discussions of First Mid and First Bank’s pricing and fee trend s, credit quality and outlook, liquidity, new business results, expansion plans, anticipated expenses and planned schedules
Slide 3: Special Note Concerning Proxy Statements
Special Note Concerning Proxy Statements Important Information about the Merger and Additional Information First Mid will file a registration statement on Form S - 4 with the SEC in connection with the proposed transaction. The registrat ion statement will include a proxy statement of First Bank tha
Slide 4: Compelling Rationale
Compelling Rationale • Creates a $3.3 billion Midwest community banking franchise • Execution of Strategic Plan to deepen First Mid’s presence in target markets • Enhances First Mid’s presence in the attractive Champaign - Urbana market (FMBH currently ranks 15 th in deposit market share will move t
Slide 5: First BancTrust Corporation Overview
First BancTrust Corporation Overview 5 Company Overview (1) Total Assets: $466 Million Total Deposits: $378 Million Total Loans: $368 Million First BancTrust Corporation is headquartered in Champaign, Illinois . Shares of the Company are publicly traded on the OTCQX under the ticker symbol “FIRT” .
Slide 6: Transaction Terms and Pricing Ratios
Transaction Terms and Pricing Ratios 6 $73.8 million 0.800 FMBH shares and $5.00 in cash for each outstanding share of First Bank common stock 1.6 million FMBH shares issued 11.5% Transaction Value (1) Consideration Structure Shares Issued FIRT Pro Forma Ownership Price/TBV Price/LTM EPS Required Ap
Slide 7: Key Assumptions
Key Assumptions 7 Estimated Cost Savings: Transaction Expenses: Credit Marks: Core Deposit Intangible: Capital Contingency: Revenue Enhancements: None assumed; however, opportunities exist in wealth management, trust and insurance businesses $7.6 million, pretax 2.0% aggregate mark on loans and 20.0
Slide 8: Pro Forma Franchise
Pro Forma Franchise 8 Pro Forma Overview (1) Total Assets: ~$3.3 Billion Total Deposits: ~$2.6 Billion Total Loans: ~$2.2 Billion Trust & Wealth Mgmt AUM: ~$1.5 Billion • 60 banking centers in 43 communities • Combined Company to rank 4 th in deposit market share in Champaign County (currently 15 th
Slide 9: Pro Forma Loan Portfolio
Pro Forma Loan Portfolio 9 First Mid - Illinois Bank & Trust First Bank & Trust, IL Pro Forma As of September 30, 2017: Composition Loan Type ($000s) % of Total Constr. & Dev. 5,820 1.6% 1 - 4 Family Res. 78,813 21.4% Home Equity 16,896 4.6% Owner - Occ CRE 21,323 5.8% Other CRE 32,566 8.8% Multifam
Slide 10: Pro Forma Deposit Composition
Pro Forma Deposit Composition 10 First Mid - Illinois Bank & Trust First Bank & Trust, IL Pro Forma Non Int. Bearing 19.9% NOW & Other Trans 6.2% MMDA & Sav 59.5% Time <$100k 8.2% Time >$100k 6.2% Composition Deposit Type ($000s) % of Total Non Interest Bearing 443,673 19.9% NOW & Other Trans 137,52
Slide 11: Experienced Growth Through M&A
Experienced Growth Through M&A 11 Transaction Date Closed 9/10/10 Closed 8/14/15 Closed 9/08/16 Announced 12/11/17 Transaction Value $16 Million $16 Million $89 Million $74 Million Deal Type Branch Branch Whole Bank Whole Bank Assets ($000s) $321 Million $441 Million $659 Million $466 Million Loans
Slide 12: First Mid-Illinois Bancshares, Inc.
P| First = Mid-Illinois Bancshares, Inc.
First MID Illinois Bancshares — Merger or Acquisition (December 2017) on 6ix