Bank First Corporation · NASDAQ:BFC
Bank First — Shareholder Meeting (June 2020)
26 slides from Bank First's shareholder meeting presentation, Jun 10, 2020
Slide 1: Annual Shareholder Meeting June 8, 2020
ANNUAL SHAREHOLDER MEETING June 8, 2020
Slide 2: Housekeeping Items
House k eeping Items Open and close your control panel using the orange arrow . Audio Options : • Choose Computer audio to listen from your computer’s speakers • Choose Phone call and dial in using the phone number and pin provided in your registration confirmation email . Your Participation If you
Slide 3: Michael Ansay, Chairman of the Board
MICHAEL ANSAY Chairman of the Board
Slide 4: Welcome: Board of Directors
WELCOME Board of Directors &® BankFirst
Slide 5: Welcome: Senior Management
WELCOME Senior Management &® BankFirst
Slide 6: Determination of Quorum, Approval of Minutes, Business to be Conducted
• Determination of Quorum • Approval of Minutes • Business to be Conducted WELCOME
Slide 7: Forward Looking Statements
Forward Looking Statements: This presentation may contain certain “forward looking statements” that represent Bank First Corporation’s expectations or beliefs concerning future events. Such forward looking statements are about matters that are inherently subject to risks and uncertainties. Because o
Slide 8: Mike Molepske, CEO & President
MIKE MOLEPSKE CEO & President
Slide 9: Merger, Stock Performance, Awards, Financial Report, COVID-19, Facilities
• Merger with Timberwood Bank • Stock Performance Graph • Awards • Financial Report • COVID - 19 Response • Investment in our Facilities WELCOME
Slide 10: Merger with Timberwood Bank
MERGER WITH TIMBERWOOD BANK • Brings together two relationship - based banks with a shared commitment to the communities they serve • Strengthens Bank First's market share in Monroe County • Benefits Timberwood Bank customers with enhanced products and services • Preserves community banking through
Slide 11: Merger with Timberwood Bank Timeline
MERGER WITH TIMBERWOOD BANK NOV. 19, 2019 FEB. 28, 2020 MAY 15 - 17, 2020 MAY 18, 2020 Definitive Agreement Regulatory Approval Conversion Opens as Bank First
Slide 12: Bank First Asset Growth
$658,238 $688,064 $720,503 $794,128 $838,754 $831,579 $910,028 $1,020,426 $1,060,887 $1,105,008 $1,237,675 $1,315,997 $1,753,404 $1,793,165 $2,210,168 $2,693,353 - 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 2005 - 2020 Assets in Thousands BANK FIRST ASSET GROWTH
Slide 13: Stock Performance (Total Return)
STOCK PERFORMANCE (Total Return) $0 $100 $200 $300 $400 $500 $600 $700 $800 Value of $100 invested on June 1, 2010 (10 year) BFC Russell 2000 SNL US Bank Index $731.56 $269.93 $225.12
Slide 14: Bank First Awards
BANK FIRST AWARDS Keefe, Bruyette & Woods (KBW), is a full - service investment bank and broker - dealer that specializes in the financial services sector . The Honor Roll recognizes banks that consistently deliver exceptional growth . Of 375 eligible companies, Bank First joins only 15 banks to rec
Slide 15: Kevin LeMahieu, CFO
KEVIN LEMAHIEU CFO
Slide 16: Financial Report: Dividends and Earnings Per Share
FINANCIAL REPORT Dividends Per Share $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 $0.90 $1.00 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020* * Annualized based on the first two quarters of 2020 ($1.00) $0.00 $1.00 $2.00 $3.00 $4.00 $5.00 Impact of Acquisition Costs Impact of Purchase Accounti
Slide 17: Financial Report: Robust, Balanced Loan Growth
FINANCIAL REPORT History of Robust, Balanced Loan Growth PORTFOLIO LOANS $0 $500 $1,000 $1,500 $2,000 $2,500 Legacy Loans Purchased Loans $0 $100 $200 $300 $400 $500 $600 $700 SECONDARY MARKET LOANS
Slide 18: Financial Report: Strong Asset and Loan Quality
FINANCIAL REPORT History of Strong Asset and Loan Quality CLASSIFIED ASSETS TO RISK - BASED CAPITAL 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (Q1) Legacy Assets Purchased Assets NON - PERFORMING LOANS TO TOTAL LOANS 0% 1% 2% 2011 2012 2013 2014 2015
Slide 19: Investments in Strategic Affiliates
FINANCIAL REPORT Investments in Strategic Affiliates UFS, LLC | Ansay & Associates, LLC $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 2011 2012 2013 2014 2015 2016 2017 2018 2019 Bank First Revenue from UFS (pretax, in thousands) $0 $500 $1,000 $1,500 $2,000 $2,500 2011 2012 2013 2014 2015 2016
Slide 20: COVID-Response: Preparedness & Response
COVID - 19 RESPONSE Bank First’s Preparedness & Response ▪ Active monitoring of flu season and COVID - 19 in Asia. ▪ Management begins meeting to review and discuss Pandemic Flu Plan. ▪ Management reviews Business Continuity Plan and discusses crisis management actions. ▪ Initial order of masks plac
Slide 21: COVID-Response: Reopening and PPP
COVID - 19 RESPONSE ▪ Employee communications from Pandemic Committee provided weekly. ▪ Branch reopening committee develops plans to ensure employee and customer safety as lobbies plan to reopen Monday, June 8. ▪ SBA PPP program continues; however, staff focus shifts to assisting customers with the
Slide 22: COVID-Response: Keys to Success
COVID - 19 RESPONSE Bank First’s Keys to Success • Value Driven: Employees working on the Paycheck Protection Program and retail l oans have been working nights, weekends, and holidays to process applications. • Nimble: Due to our size, we are able to act quickly in response to change. We redeployed
Slide 23: COVID-Response: Paycheck Protection Program
COVID - 19 RESPONSE Paycheck Protection Program As of June 5, 2020 Customers Non - Customers 1,585 148 1,733 Applications Approved By SBA Customers Non - Customers $ 235 Million $43 Million $ 278 Million Approved 1,114 Fees Expected to be Collected $9.5 MILLION 1,114 Fees Paid to 3rd Party Agents $0
Slide 24: COVID-Response: Serving our Community
COVID - 19 RESPONSE Serving our Community • Bank First recently purchased $ 100 , 000 in gift cards from over 140 local restaurants . These gift cards are being donated back to local families, non - profit organizations, and businesses through various programs . • Bank First joined community leaders
Slide 25: Facilities
FACILITIES Oshkosh Iola Cedarburg Waupaca Tomah North
Slide 26: Submitted Comments and Questions
SUBMITTED COMMENTS and QUESTIONS