Eagle Bancorp Montana, Inc. · NASDAQ:EBMT
Eagle Bancorp Montana — Merger or Acquisition (August 2018)
14 slides from Eagle Bancorp Montana's merger presentation, Aug 21, 2018
Slide 1: Acquisition of Big Muddy Bancorp, Inc. and The State Bank of Townsend
Acquisition of Big Muddy Bancorp, Inc. and The State Bank of Townsend ommunit 1 Peter J. Johnson President and Chief Executive Officer TATE BANK OF GLE BANCORP WNSEND Trading Symbol NASDAQ: EBMT
Slide 2: Cautionary Notice Regarding Forward-Looking Statements
Cautionary Notice Regarding Forward-Looking Statements CCetansaterents contained in tispresentaton that ano statements historical fc tare forward ooking statements These owardtockng aterents whichare based on cata ssure- tons and descabe our fuuepans, stateles and cxpetatonscanceneraybe deni bythe u
Slide 3: Important Information about the Merger and Where to Find it
Important Information about the Merger and Where to Find it ‘Thiscommunicaon does net censutean offer tslo th soctaton oan offer tobuy ay secures cr slain ofany vote or approval ot shallthee be ay sae of secre many |raleen in which uch eff clitaton ers woud be ela pl toreptatin or qualicsten under t
Slide 4: Expanding Montana's Premier Community Bank into the Golden Triangle
Expanding Montana’s Premier Community Bank into the Golden Triangle to Continue to Deliver on the Growth Strategy and Expand Agricultural Lending > The acquisition of The State Bank of Townsend will confirm Eagle Bancorp Montana, Inc. as the fourth largest bank headquartered in Montana > Eagle will
Slide 5: Transaction Structure
Transaction Structure STRUCTURE / CONSIDERATION Big Mucdy common stock exchanged for 20.49 shares of Eagle, subject to adjustment Approximately 996,142 shares of Fagle in the aggregate or 100% stock transaction Double trigger walk-away provision versus Nasdaq Bank Index. The State Bank of Townsend w
Slide 6: Partnering with Big Muddy Banks
Partnering with Big Muddy Banks ‘Montana banks in the Golden Triangle since 1899. Together, The State Bank of Townsend, Farmers State Bank of Denton and Dutton State Bank have served, through the dedication of their founding families, the banking needs of the farming communities of North Central Mon
Slide 7: Steady Business and Strong Deposit Franchise
The State Bank of Townsend: Steady Business and Strong Deposit Franchise Sanaa Financial Highlights (Bank Level) (a) Franchise Highlights Aterfer 2 monty endedOecerber31 nod 201520162017 od + 3196 non-interest bearing and 75% non-time deposits “oa sats (40 Su $57 $59 81 san vith an overall cost of f
Slide 8: The Combination will Create the Fourth Largest Bank Headquartered in Montana
The Combination will Create the Fourth Largest Bank Headquartered in Montana BRANCHES Source: SNL Financial @ taglebranches (©The State Bank of Townsend branches
Slide 9: Opportunity to Operate the Leading Community Bank in the Golden Triangle
Opportunity to Operate the Leading Community Bank in the Golden Triangle and Expand Eagle’s Agricultural Lending in Montana ‘The acquisition opens a premier Montana agricultural region to Eagle: The Golden Triangle is the breadbasket of Montana ‘The area relies on wheat, hay, batley production, and
Slide 10: Pro Forma Impact
Pro Forma Impact PRO FORMA Total Assets S9B8MM. BALANCE SHEET’ Total Gioss Loans Segond Total Deposits S7O7N PRO FORMA PER TBy/Share =) % SHARE TRY Earnbacke (Crossover Method) = 4yts 2019 EPS (incl merger Exp) = 9% ACCRETION/(DILUTION) 2020 PS 9% PRO FORMA TCE/TA Ratio ~ 96% CAPITAL RATIOS! Leverag
Slide 11: Transaction Analysis
Transaction Analysis DUE DILIGENCE =~ Comprehensive due ailigence process In-depth review of credit files, underwriting methodology and policy 52% of total Joans reviewed (559 of commercial and ag credits) Detailed review of expenses on a line tern basis TRANSACTION + Estimated 2.50% credit mark of
Slide 12: An Expanding Franchise—Eagle Bancorp Montana, Inc.
An Expanding Franchise—Eagle Bancorp Montana, Inc. Since its 2010 IPO, Eagle has leveraged its equity through acquisitions and strong organic growth, extending its franchise to all key markets in Montana and tripling its size: The State Bank of Townsend is yet another step in this expansion. 2018 so
Slide 13: A Compelling Opportunity for Eagle and its Investors
A Compelling Opportunity for Eagle and its Investors Market expansion in Broadwater County, Great Falls markets and the Golden Tangle Acquisition affirns Opportunity Bank of Montana as the fourth largest bank by deposits headquartered in Montana High quality acquisition with an attractive deposit mi
Slide 14: Contact Information
Contact Information 7. Opportunity Bank Pete Johnson Laura Clark PresidenicE0 PKC Financial Officer ‘fe: 406423080 fice: 4064423080 Direct 4004574006 Dect: 4064574007 Fae 4064574013 Fae 4064574013 bjohnsoneppbankcom Iarkssoppbankcom 1400 Prospect Averwie Po. Box A559 Holena, Mi 39604 ‘wr wopportunit
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