Bank Of The James Financial Group, Inc. · NASDAQ:BOTJ
Bank Of The James Financial — Raymond James U.S. Bank Conference 2015
18 slides from Bank Of The James Financial's conference presentation, Sep 4, 2015
Slide 1: Raymond James U.S. Bank Conference September 2015
Exhibit 99.1 NASDAQ: BOTJ Raymond James U.S. Bank Conference September 2015
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "estimate," "expect," "intend," "anticipate," "plan" and similar expressions and variations t
Slide 3: Our Company
OUR COMPANY Bank of the James’ mission is to be the pre-eminent financial institution in our markets through superior customer service. Key Details • Listed on NASDAQ: BOTJ • Market Capitalization: ~ $37 million • LTM EPS – 6/30/2015 - $1.10 • Key Balance Sheet Metrics at 6/30/2015: – Assets - $493
Slide 4: Our Markets
OUR MARKETS Highlights Harrisonburg • Headquartered in Lynchburg, VA Banking Offices (12) – Locally know as Region 2000 Pending Banking Office (1) Mortgage Only Offices (2) – Affluent market with significant employers • Recently Expanded into Charlottesville, Staunton Harrisonburg and Roanoke Waynes
Slide 5: Experienced, Young Team (1 of 2)
EXPERIENCED, YOUNG TEAM (1 of 2) Executive Headshot Previous Experience Age Years in Banking Years with BOTJ Robert Chapman • Co-founder, Bank of the James (1999) President & CEO • Current director • CEO, Bank of the James (2004) 52 31 16 • First Lieutenant, US Army • Virginia Military Institute (19
Slide 6: Experienced, Young Team (2 of 2)
EXPERIENCED, YOUNG TEAM (2 of 2) Executive Headshot Previous Experience Age Years in Banking Years with BOTJ Angelia Johnson • Manager, Wachovia Bank (1995-2000) EVP & Retail Branch • MBA, Averett University Administrator • Stonier Graduate School of Banking (2013) 52 9+ 9 • Retail Division Leader,
Slide 7: Track Record of Creating Shareholder Value
TRACK RECORD OF CREATING SHAREHOLDER VALUE Recent Stock Price Performance $14.00 45,000 Volume BOTJ Price $13.00 40,000 $12.00 35,000 $11.00 30,000 $10.00 25,000 $9.00 20,000 $8.00 15,000 $7.00 10,000 $6.00 $5.00 5,000 $4.00 0 Aug-12 Dec-12 Apr-13 Aug-13 Dec-13 Apr-14 Aug-14 Dec-14 Apr-15 Recent Sto
Slide 8: Driving Shareholder Value with Strong Results
DRIVING SHAREHOLDER VALUE WITH STRONG RESULTS Profitable Growth 30.1% 380.3% 32.4% • Strong loan growth has helped drive the $493M increase in the Company’s return on equity $427M $415M 10.81% – Loan growth has come from Lynchburg as well as $10.62 recent expansion into Charlottesville and $319M Har
Slide 9: Opportunity for Continued Strong Organic Growth
OPPORTUNITY FOR CONTINUED STRONG ORGANIC GROWTH Highlights Current Market Area • As the impact of the financial crisis waned in late Market Deposits Share 2011, the Company began to refocus on growth Rank Company Branches ($000s) (%) – Hired Mike Syrek as CLO 1 Wells Fargo & Co. 41 4,057,881 22.84 2
Slide 10: Attractive Potential for Strategic Growth
ATTRACTIVE POTENTIAL FOR STRATEGIC GROWTH Highlights • There are 20 banks under $750MM in assets operating in our target market area • Many of these companies are struggling to adjust to the new business and regulatory environment for community banks Harrisonburg • Many management teams are older an
Slide 11: Strong Balance Sheet Growth
STRONG BALANCE SHEET GROWTH Recent Balance Sheet Performance $500 $493 $488 Total Assets CAGR 4.38% $480 Total Deposits CAGR 4.83% Total Gross Loans CAGR 9.58% $461 $460 $447 $452 $443 $445 $441 $439 $433 $433 $435 $435 $440 $431 $426 $428 $420 $420 $399 $400 $399 $399 $398 $400 $393 $410 $387 $389
Slide 12: Attractive Balance Sheet Mix
ATTRACTIVE BALANCE SHEET MIX Current Loan Portfolio • Bank of the James has a conservative loan book and is focused on profitable loan Residential Commercial 54,154 growth with manageable risk 13% $68,427 16% • The Company has focused its recent efforts at expanding its C&I loan book Dollars in thou
Slide 13: Asset Quality
ASSET QUALITY Strong Loan Quality LLR / Loans (%) Annualized Net Chargeoffs / Avg Loans (%) 1.88% 1.75% 1.73% 1.70% 1.69% 1.62% 1.48% 1.50% 1.48% 1.42% 1.29% 1.20% 1.16% 0.92% 1.10% 0.82% 0.74% 0.59% 0.44% 0.22% 0.32% 0.20% 0.21% 0.09% 0.09% 0.14% 0.06% -0.02% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 14: Strong, Stable Net Interest Margin
STRONG, STABLE NET INTEREST MARGIN Recent Net Interest Margin Performance 6.00% 5.00% 4.78% 4.83% 4.80% 4.74% 4.78% 4.73% 4.71% 4.66% 4.62% 4.60% 4.53% 4.52% 4.39% 4.38% 4.00% 4.09% 4.10% 4.10% 4.10% 4.14% 4.06% 4.01% 3.97% 4.04% 3.94% 3.91% 3.96% 3.81% 3.79% 3.00% 2.00% 0.96% 0.94% 0.85% 1.00% 0.78
Slide 15: Strong Earnings Growth
STRONG EARNINGS GROWTH Efficiency Ratio ROAA and ROAE 78% ROAA (%) 12.00% 0.80% ROAE (%) 76% 10.00% 74% 0.60% 8.00% 72% 6.00% 70% 0.40% 4.00% 68% 0.20% 66% 2.00% 64% 0.00% 0.00% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2012 2013 2014 2015 2012 2013 2014 201
Slide 16: Historical Financials
HISTORICAL FINANCIALS Dollars in thousands, except per share data For the Period Ended December 31, June 30, 2010 2011 2012 2013 2014 2015 Balance Sheet Highlights Total Assets $ 418,928 $ 427,436 $ 441,381 $ 434,511 $ 460,865 $ 492,836 Total Net Loans 320,715 319,188 320,826 341,915 395,603 415,397
Slide 17: Investment Considerations
INVESTMENT CONSIDERATIONS Attractive Market Opportunity Strong Earnings Per Share Growth • Affluent market area with steady growth opportunities $0.30 $0.28 $0.28 $0.27 • Recent expansion into attractive Charlottesville and $0.25 Harrisonburg MSAs $0.25 $0.24 $0.24 $0.24 $0.27 $0.22 • Big banks have
Slide 18: Raymond James U.S. Bank Conference September 2015
NASDAQ: BOTJ Raymond James U.S. Bank Conference September 2015
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