First Capital, Inc. · NASDAQ:FCAP
First Capital — Investor Presentation (September 2021)
18 slides from First Capital's investor presentation, Sep 9, 2021
Slide 1: Fall 2021 Investor Meetings
First Capital, Inc. Symbol: FCAP Fall 2021 Investor M eetings 1
Slide 2: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD - LOOKING STATEMENTS This presentation and any oral statements in connection herewith may contain forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 . Forward - looking statements can be identified by use of the w
Slide 3: Presented by
Presented by: • Bill Harrod • President and CEO • 43 years in Banking • 29 years with FCAP • Current position since 2000 • Chris Frederick • Senior Executive VP and CFO • 31 years in Banking • CFO since 1997 • Senior Executive VP since 2018 3
Slide 4: History of the Company
History of the Company • Founded in 1891 as First Federal Savings and Loan Association of Corydon and renamed First Federal Bank in 1993. • First Capital, Inc. was established as a bank holding company for First Federal Bank in 1998 and conducted a public stock offering the same year. • Merger of eq
Slide 5: Who we are
Who we are: A Community Bank focused on high tech, high touch services located in Southern Indiana and Bullitt County, Kentucky • Traditional Core Banking, Wealth Management, & First Harrison Mortgage • Total Assets of $1.08 b illion • 18 Branches 5
Slide 6: Diversified Economic Base
Diversified Economic Base • Major Employers in Southern Indiana • Amazon • Floyd Memorial Baptist Health • Greater Clark Schools • U.S. Census Bureau • River Ridge Commerce Center is a world - class business and manufacturing park with 6,000 prime acres under development in the Midwest’s top - ranke
Slide 7: Net Income & Earnings Per Share
NET INCOME & EARNINGS PER SHARE 7 $6,864 $7,439 $9,253 $10,325 $10,131 $- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 Net Income (In Thousands) YTD Net Income 6/30/2021: $5,669 YTD Net Income 6/30/2020: $4,532 $2.05 $2.23 $2.77 $3.09 $3.02 $- $0
Slide 8: Total Assets & Return on Average Assets
TOTAL ASSETS & RETURN ON AVERAGE ASSETS 8 $743,658 $758,956 $794,162 $827,496 $1,017,551 $1,078,666 $- $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 Total Assets (In Thousands) 0.94% 0.99% 1.19% 1.26% 1.12% 1.08% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% Return on Average Assets *A
Slide 9: Net Loans
NET LOANS 9 $381,154 $409,618 $434,260 $466,494 $500,331 $484,750 $- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 6/30/2021 Net Loans (In Thousands) PPP Balance 12/31/2020: $37,311 PPP Balance 6/31/2021: $23,404
Slide 10: Loan Composition
LOAN COMPOSITION 10 Residential real estate , $128,521 , 26% Land , $18,122 , 4% Construction , $31,893 , 7% Commercial Real Estate , $129,960 , 27% Commercial Business , $42,967 , 9% PPP , $23,404 , 5% Home Equity and 2nd Mortgage , $50,309 , 10% Other Consumer , $59,574 , 12% Loan Portfolio Compos
Slide 11: Nonperforming Assets and Net Charge-Offs
NONPERFORMING ASSETS TO TOTAL ASSETS NET CHARGE - OFFS TO AVERAGE LOANS 11 1.04% 0.90% 0.78% 0.24% 0.14% 0.18% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% Ratio of Nonperforming Assets to Total Assets* *Nonperforming assets include nonaccrual loans, accruing loans that are 90 days or more past due, an
Slide 12: Total Deposits & Cost of Funds
TOTAL DEPOSITS COST OF FUNDS 12 $664,650 $664,562 $701,646 $722,177 $900,461 $961,581 $- $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 Total Deposits (In Thousands) 0.33% 0.26% 0.29% 0.35% 0.25% 0.16% 0.00% 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% 0.35% 0.40% 12/31/16 12/31/17 12/31/18 12/31/
Slide 13: Non-Maturity & Non-Interest Bearing Deposit Accounts
NON - MATURITY & NON - INTEREST BEARING DEPOSIT ACCOUNTS 13 18% 20% 20% 20% 25% 23% 0% 5% 10% 15% 20% 25% 30% Non - Interest Bearing Deposit Accounts (as a % of Total Deposits) 87% 89% 90% 91% 93% 93% 84% 85% 86% 87% 88% 89% 90% 91% 92% 93% 94% Non - Maturity Deposit Accounts (as a % of Total Deposi
Slide 14: Deposit Composition
DEPOSIT COMPOSITION 14 Non - Interest Bearing Demand - $223,002 ( 23% ) Time Deposits - $63,460 ( 7% ) Interest Bearing Demand, Savings & Money Market - $675,119 ( 70% ) Deposit Composition Total of $961,581 (in thousands) as of 6/30/2021
Slide 15: Stockholders' Equity and Return on Average Equity
STOCKHOLDERS’ EQUITY AND RETURN ON AVERAGE EQUITY 15 $75,730 $80,938 $85,844 $98,836 $110,639 $112,413 $- $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 Stockholders’ Equity Net of Non - Controlling Interest in Subsidiary (In Thousands) 8.90% 9.37% 11.46% 11.13% 9.64% 10.19% 0.00% 2.00% 4.00% 6.0
Slide 16: Net Interest Income
NET INTEREST INCOME 16 $23,331 $25,030 $27,275 $30,094 $28,086 $- $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020* Net Interest Income (In Thousands) YTD Net Interest Income 6/30/2021: $13,848 (includes PPP Fees of $961) *Includes PPP Fee
Slide 17: Non-Interest Income
NON - INTEREST INCOME $6,169 $6,698 $6,168 $6,926 $8,599 $1,179 $1,385 $1,100 $1,191 $2,716 $- $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 $8,000 $9,000 $10,000 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 Non - Interest Income (In Thousands) Non-Interest Income Gain on Loans Sold YTD
Slide 18: Reconciliation of Non-GAAP Financial Measures
(1) Reconciliation of Non - GAAP Financial Measures 6/30/2021 Return on average assets before annualization 0.59% Annualization factor 2.0 Annualized return on average assets 1.08% Ratio of net charge - offs to average loans before annualization 0.015% Annualization factor 2.0 Annualized ratio of ne
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