First Busey Corporation · NASDAQ:BUSE
First Busey — Shareholder Meeting (May 2009)
23 slides from First Busey's shareholder meeting presentation, May 22, 2009
Slide 1: First Busey Corporation 29th Annual Shareholders' Meeting
First Busey Corporation 29th Annual Shareholders’ Meeting May 19, 2009
Slide 2: Agenda
Agenda Welcome Douglas C. Mills, Chairman of the Board Call to Order - Affidavit of Mailing Introduction of Proxy Committee Proxy Issues Election of 10 Directors & Non-Binding Advisory Proposal CEO Comments – Van A. Dukeman, President & CEO Questions & Answers Coffee & Dessert Reception
Slide 3: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance and business of First Busey. Forward-l
Slide 4: Election of Directors
Election of Directors Busey
Slide 5: Election of Directors
Election of Directors Joseph M. Ambrose Mr. Ambrose is President and Chief Executive Officer of Horizon Hobby, Inc. David J. Downey Mr. Downey is President of The Downey Group, Inc.
Slide 6: Election of Directors
Election of Directors Van A. Dukeman Mr. Dukeman is the President and Chief Executive Officer of First Busey Corporation and Busey Bank. David L. Ikenberry Dr. Ikenberry is a Professor of Finance and Associate Dean for Executive Programs at the University of Illinois-Urbana.
Slide 7: Election of Directors
Election of Directors E. Phillips Knox Mr. Knox is an attorney with the firm Tummelson Bryan & Knox, LLP. V. B. Leister, Jr. Mr. Leister is Chairman of the Board of Carter’s Furniture, Inc.
Slide 8: Election of Directors
Election of Directors Douglas C. Mills Mr. Mills is Chairman of First Busey Corporation and has been since its incorporation. George T. Shapland Mr. Shapland is President of Shapland Management Company.
Slide 9: CEO Comments
First Busey Corporation CEO Comments Van A. Dukeman, President and CEO
Slide 10: Welcome: Busey Bank Headquarters
Welcome Busey Bank Headquarters “The Oculus” Rich Heritage Stained glass original to the Trevett-Mattis Banking Company Building (1910) Moved to University Ave. (1982) Restored during remodel (2008) “The Oculus”
Slide 11: FBC Performance & Outlook
FBC Performance & Outlook Busey
Slide 12: Current Financial Review: Net Income Available to Common Stockholders
Current Financial Review Net Income Available to Common Stockholders ($’s in millions) ($61.4) $5.5 $8.8 $4.6 $10.0 Mar 09 Dec 08 Sep 08 Jun 08 Mar 08
Slide 13: Current Financial Review: Asset & Equity Comparison
Current Financial Review Asset & Equity Comparison ($’s in billions) $4.46 $4.47 $4.34 $4.27 $4.25 $0.52 $ 0.51 $ 0.51 $0.45 $0.55 Mar 09 Dec 08 Sep 08 Jun 08 Mar 08 Assets Equity
Slide 14: Current Financial Review: Loans & Deposits Comparison
Current Financial Review Loans & Deposits Comparison ($’s in billions) $3.17 $3.23 $3.26 $3.26 $3.13 $3.25 $3.17 $3.30 $3.51 $3.49 Mar 08 June 08 Sep 08 Dec 08 Mar 09 Loans Deposits
Slide 15: Liquidity & Capital: Source of Strength
Liquidity & Capital Source of Strength Liquidity - as of March 31, 2009 $138.4M consolidated cash Includes $51.7M at parent company Strong Liquidity Channel Recent CD promotion generated approximately $80M in one month. TARP
Slide 16: Liquidity & Capital: Regulatory Capital
Liquidity & Capital % = Percentage to Risk-weighted Assets Regulatory Capital at March, 31 2009 8% 8% 8% 10% 10% 14.5% 11.5% 11.8% $- $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 First Busey Corp. Busey Bank Busey Bank N.A. March 31, 2009 - Actual Regulatory - Well Capitali
Slide 17: Loan Portfolio Geography
Loan Portfolio Geography Total Loans $3.26 Illinois $2.37 Florida $0.72 Indiana $0.17 ($’s in billions) Illinois 73% Florida 22% Indiana 5%
Slide 18: Loan Portfolio Quality
Loan Portfolio Quality Geographically: Nonaccrual $31.4 90+ 5.3 Illinois/Indiana $36.7 Nonaccrual $74.1 90+ 10.4 Florida $84.5 Busey Bank: Busey Bank, N.A. Illinois/Indiana $36.7 Florida $27.1 Florida 57.4 ($’s in millions) Non-Performing Illinois/Indiana 30% Non-Performing Florida 70%
Slide 19: Asset Quality Infrastructure
Asset Quality Infrastructure Experienced Leadership in Florida Tom Good, Bob Plecki, Don Monteith, John Waddock, Larry Johnson, Otis Scott. Rob Scharlau Formed Special Assets Committee Centralized Credit Process Enhanced Loss Mitigation Strategies Enhanced collateral position; rate and term modifica
Slide 20: Executive Management Team
Executive Management Team Susan L. Abbott: EVP & Chief Retail Officer Daniel P. Daly: EVP, West Region President Thomas M. Good: EVP of Risk Management, President & Chief Executive Officer, Busey Bank, N.A. Donna R. Greene: President & Chief Executive Officer, Busey Wealth Management, Inc. Barbara J
Slide 21: 2009 Outlook
2009 Outlook Asset Quality Capital State of Florida State of the Midwest Future Provisioning Bank Merger Consideration
Slide 22: The Busey Strategy
The Busey Strategy Key Elements: Balance Sheet Strength, Profitability & Growth One Busey 4 Busey Pillars Customer-Centricity The Busey Promise The Busey Promise x 4 Busey Pillars x Strategic Goals = The Busey Strategy.
Slide 23: Questions & Answers
Questions & Answers 29th Annual Shareholders’ Meeting Please join us for a coffee & dessert reception following the Q&A session.