Slide 1: NASDAQ: TBBK December 2009
Exhibit 99.1 NASDAQ: TBBK December 2009
Slide 2: Forward Looking Statements
Forward Looking Statements Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this presentation regarding The Bancorp, Inc.’s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. These statements m
Slide 3: TBBK – Planning for Safety, Soundness and Growth
TBBK – Planning for Safety, Soundness and Growth Capital: capacity to grow and safety net for economic conditions Strong Senior Management: knowledgeable and experienced Disciplined Growth: driven by TBBK’s business strategy Assets: simple and local Deposits: low cost and scalable 2
Slide 4: Capital Ratios and Selected Financial Data
Capital Ratios and Selected Financial Data As of or for the As of and for three months ended the year ended September 30, 2009 December 31, 2008 Selected Capital and Asset Quality Ratios: Equity/assets 12.08% 10.07% Tier I capital to average assets 13.11% 10.10% Tier 1 capital to total risk-weighted
Slide 5: Strong Senior Management Team with a Wealth of Experience
Strong Senior Management Team with a Wealth of Experience Highly experienced senior management team with an aggregate of over 140 years of experience providing middle market banking services – Managementhas a significant history together as most are former executives of a prior bank which was sold i
Slide 6: Business Model: A Distinct Business Strategy
Business Model: A Distinct Business Strategy A commercial bank founded in 2000 headquartered in Wilmington, Delaware with approximately $2.0 billion in assets, $1.5 billion in outstanding loan balances and $1.8 billion of deposits Employs a primarily branchless deposit strategy that delivers a full
Slide 7: Well-Positioned in Attractive, Stable Markets
Well-Positioned in Attractive, Stable Markets Target market for commercial lending is the greater Philadelphia-Wilmington metropolitan area – Consists of the 12 counties surrounding Philadelphia and Wilmington including Philadelphia, Delaware, Chester, Montgomery, Bucks and Lehigh Counties in Pennsy
Slide 8: Asset-Generating Strategies: Business-Line Overview
Asset-Generating Strategies: Business-Line Overview As with funding, The Bancorp employs a multi-channel growth strategy regarding loan origination, with the primary driver being its regional commercial banking operations Community Bank Offers traditional community banking products and services Sept
Slide 9: Historical Loan Portfolio Overview
Historical Loan Portfolio Overview Robust growth through strong community relationships, while maintaining conservative underwriting standards (dollars in thousands) Year ended December 31, September 30, Category 2004 2005 2006 2007 2008 2009 Commercial $ 89,327 $ 119,654 $ 199,397 $ 325,166 $ 353,2
Slide 10: Asset Quality Overview
Asset Quality Overview Non-Performing Loans / Total Loans Reserves / Loans (1) Regional peers include publicly-traded Mid-Atlantic commercial banks with assets between $1 billion and $4 billion (2) Ratio was not meaningful for The Bancorp prior to 2007 due to low levels of non-performing loans Sourc
Slide 11: Current Loan Portfolio & Asset Quality Overview at 9/30/09
Current Loan Portfolio & Asset Quality Overview at 9/30/09 Non-performing loans of 0.78% is significantly lower than peer Outstanding Pct. Of Total Non-Accrual Non-Accrual/ 30-89 Days 90+ Days Category Balance Loans Total Loans Total Loans OREO Delinquent Delinquent Commercial $394,316 26% $3,801 0.
Slide 12: Track Record of Significant Growth Since Inception
Track Record of Significant Growth Since Inception Since 2000, The Bancorp has grown total assets at a compound annual growth rate of over 40% (dollars in thousands) 11
Slide 13: Deposit-Generating Strategies: Business-Line Overview
Deposit-Generating Strategies: Business-Line Overview The Bancorp employs a multi-channel growth strategy in gathering attractively-priced, long-duration deposits on a national scale “Private-Label” Banking – Provider of private label banking services for non-bank financial services businesses – Ope
Slide 14: Growth Engine: Strong Growth in Deposit Business Lines at Low Cost
Growth Engine: Strong Growth in Deposit Business Lines at Low Cost The Bancorp has leveraged its private label partnerships to grow core deposits meaningfully in recent periods, and expects that business to continue its growth through increased market penetration September 30, 2007 September 30, 200
Slide 15: Growth Engine: Strong Growth in Deposit Business Lines at Low Cost
Growth Engine: Strong Growth in Deposit Business Lines at Low Cost Significant growth in stored value, health care and other deposit business lines support significantly lower average cost of deposits September 30, 2007 September 30, 2009 Category Balance Avg. Cost Category Balance Avg. Cost Communi
Slide 16: Deposit-Generating Strategies: Attractive in Cost and Duration
Deposit-Generating Strategies: Attractive in Cost and Duration The Bancorp has long term (in many cases exclusive) agreements in place with its private label banking partners. 90% of agreements contain provisions to automatically renew at maturity Private Label by Remaining Contractual Term 3 < > 5
Slide 17: Deposit-Generating Strategies: Growing Market Share in Expanding Markets
Deposit-Generating Strategies: Growing Market Share in Expanding Markets Healthcare Affinity Relationships Prepaid Card Affinity Relationships The Bancorp Bank is currently the 6th largest custodian in Market leader in a rapidly growing market for open loop the space in 2008, according to Consumer D
Slide 18: Deposit-Generating Strategies: Growing Market Share in Expanding Markets
Deposit-Generating Strategies: Growing Market Share in Expanding Markets Private Client Affinity Relationships Merchant Processing Relationships • Private Label deposit and lending services to limited purpose • 26th largest bank acquiring portfolio through June 30, 2009 trust companies • Annualized
Slide 19: Disciplined Acquisitions: Diverse, but complementary to augment organic growth
Disciplined Acquisitions: Diverse, but complementary to augment organic growth Mears Motor Livery Corp Acquisition Deal Overview: Target: Mears Motor Livery Corp Seller: Investor Group Deal Type: Specialty Finance Company Announced Deal Value ($MM): $ 5.0 Status: Completed Completion Date: 1/3/2005
Slide 20: Investment Considerations
Investment Considerations 20-30 year Management Experience through all economic cycles Stable Philadelphia regional economy Stable, increasing, prepaid card deposits at 0% rate Infrastructure investment from relationships with industry leaders Above peer loan quality Structurally lower interest cost