Summit State Bank · NASDAQ:SSBI
Summit State Bank — Investor Presentation (May 2022)
10 slides from Summit State Bank's investor presentation, May 23, 2022
Slide 1: Presentation slides as of May 23, 2022
99.1 Presentation slides as of May 23, 2022 6
Slide 2: Summit State Bank - SSBI
AS SUMMIT STATE BANK Member fO1c Summit State Bank - SSBI Headquartered in Santa Rosa, CA Branch Locations = Santa Rosa Main Healdsburg Santa Rosa Montgomery Village Rohnert Park Petaluma Regional Small Business Lending Group = Roseville, CA 0f20 Lending Area Highlights Unemployment Northern Califor
Slide 3: Investment Highlights
Investment Highlights Managing through the Pandemic “ Total Originated PPP Loans: * 864 Loans at $134.5MM “ Funded in 2020; $97.IMM * Funded in 2021: $37.4MM * Q4 2021 PPP loan balance $16.9MM * Average PPP Loan Balance of ~$156k * PPP Pretax Earnings for 2020 at $2.4MM and $2.9MM for 2021 “ Since t
Slide 4: Financial Trends
Financial Trends 25,000 2.60% = Strong Net Interest Income 23,000 aon Growth 21,000 2 7 2.20% = Consistent Non-interest Income 19,000 Growth since 2017 due to: 17,900 cigs * SBA Loan Sales, and asics same = SBA Servicing Income aw 1.60% * Increasing Return on Average nm Assets 1.40% 9,000 558 1.20%
Slide 5: Non-Interest Income
6,000 5,000 4,000 7 yi, f vA Non-Interest Income Non Interest Income by Source ($000's) 2o16vE 207vE 2018v 2019¥E 20208 2021¥E Scxher Non intrest rcome _m SBADriven Non-erestixome Dedicated Small Business Lending Group Created in 2017 Floating Rate Yields > 5% Increase in Non-interest Income through
Slide 6: Assets Trends
Nof20 $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 Assets Trends Net Loans and Cash & Investments ($000's) 2016YE 20176 2018YE 2019YE 2020YE Cash & Investments m Net Loans 2021 Focused Growth on Investment Grade New Loans with Targeted Yield at 4.50%
Slide 7: Loan Composition
if // Loan Composition Total Loan Portfolio ‘Multi-Family om Realestate - SER CCommencat Rea! Estate Commercial C&t RealEstate Construction & and 3% = Diversified Portfolio with Manageable Risk through Pandemic = Total Portfolio LTV 45% (ex C&l); CRE LTV 48% = CRE LTV 48% for Property Types with Hig
Slide 8: Deposit Composition
i _/ Deposit Composition Non-Interest Bearing Interest Dearing Non- 29% ~ ‘Maturity 47% (Ds <$250k Ds >$250k 4% Brokered 7% 150f20 = Organic Deposit Growth through Strong Relationship Practices = Focused Local Deposit Growth " Focused on Non-Interest Deposit Growth = FY2021 Average Cost of Deposits
Slide 9: Consistently Delivers Strong Stock Value
Consistently Delivers Strong Stock Value Investmentin 1 share since 2016 ad bad Graph illustrates investment in 1 share o0 14 of stock beginning in 2016 12 2 o = 2016: One share of stock purchased 4 15 10 2 2 oe bd = 2017: A five-for-four stock split 2,0 06 # results in 1.25 shares outstanding 04 5
Slide 10: Awards and Accolades
Awards and Accolades ( x ~ (Z < yf = ( \P Best Placesto Work / - North Bay Business Journal \ a Best Business Bank - NorthBay biz magazine Top Community Bank Loan Producer for 2021 \ J -ICBA Raymond James Bankers Cup of 2021 ) vA - Raymond James ) Super Premier Performance 2021 - Findley Reports 90f