First Bancshares, Inc. · OTC:FIBH
First Bancshares — Investor Presentation (October 2020)
14 slides from First Bancshares's investor presentation, Oct 27, 2020
Slide 1: Investor Presentation October 26, 2020
1 Investor PresentationOctober 26, 2020 NASDAQ: FBMS
Slide 2: Forward Looking Statements
2 Forward Looking Statements This slide presentation and certain of our other filings with the Securities and Exchange Commission contain statements that constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as am
Slide 3: Response to Covid-19
3 Response to Covid-19 Enacted the Pandemic section of our internal Business Continuity Plan Informed employees of CDC and internal recommendations, procedures and protocols concerning: social distancing, business travel, sanitation and disinfection; weekly system wide calls to re-enforce procedures
Slide 4: Response to Covid-19 Continued
4 Response to Covid-19 Continued Moved as many as practical employees to work by remote access Rotated access as much as practical for employees who’s function could not be performed remotely Provided lunch daily to on site personnel to limit their off premise exposure during the day; rotate purchas
Slide 5: Loan Portfolio Potential Increased Risk Sectors
5 Loan Portfolio Potential Increased Risk SectorsSeptember 30, 2020 SECTOR BOOK BALANCE AVAILABLE TOTAL COMMITTED % OF LOANS HOTELS $126.6 MILLION $16.7 MILLION $143.3 MILLION 4.5% RESTAURANTS $97.8 MILLION $2.4 MILLION $100.2 MILLION 3.2% RETAIL $176.8 MILLION $2.4 MILLION $179.2 MILLION 5.7% DIREC
Slide 6: Loan Portfolio Risk Sectors Detail
6 Loan Portfolio Risk Sectors DetailSeptember 30, 2020 SECTOR TOTAL COMMITTED % OF LOANS LTV % HOTELS $143.3 MILLION 4.5% 54.9% FLAGGED $101.2 MILLION NON-FLAGGED $42.1 MILLION RESTAURANTS $100.2 MILLION 3.2% 54.8% CHAIN $48.5 MILLION NON-CHAIN $46.1 MILLION CONSTRUCTION $5.6 MILLION RETAIL $179.2 M
Slide 7: Loan Portfolio Risk Sectors by State
7 Loan Portfolio Risk Sectors by StateSeptember 30, 2020 SECTOR TOTAL COMMITTED % OF LOANS LTV % HOTELS $143.3 MILLION 4.5% 54.9% MISSISSIPPI $32.4 MILLION 56.3% LOUISIANA $54.2 MILLION 48.8% ALABAMA $13.3 MILLION 57.0% FLORIDA $25.2 MILLION 63.1% GEORGIA $18.2 MILLION 48.6% RESTAURANTS $100.2 MILLI
Slide 8: Risk Sectors by State Continued
8 Risk Sectors by State ContinuedSeptember 30, 2020 SECTOR TOTAL COMMITTED % OF LOANS LTV % RETAIL $179.2 MILLION 5.7% 52.4% MISSISSIPPI $56.1 MILLION 55.9% LOUISIANA $38.7 MILLION 49.2% ALABAMA $21.3 MILLION 47.1% FLORIDA $49.0 MILLION 52.8% GEORGIA $14.1 MILLION 56.5%
Slide 9: Loan Modifications Resulting from COVID-19
Modifications of $78.5 million or 2.5% of loan portfolio with Majority on 3 month deferralsEnhanced Risk Sectors with modifications as Of October 20, 2020: 9 Loan Modifications Resulting from COVID-19 SECTOR TOTAL MODIFIED % OF SECTOR TOTAL HOTELS $38.8 MILLION 27.1% RESTAURANTS $9.9 MILLION 9.9% RE
Slide 10: Modifications
Modifications == = May 31 June 30 July23 Sept30. Oct. 20 Modifications 10
Slide 11: Payroll Protection Program (PPP)
As of September 30, 2020, we CURRENTLY have processed 3,230 loans totaling $260.2 million with average loan size of $81,000 BALANCE OF Net Fees - $8.2 million ppp loans made to Enhanced Risk sectors are detailed below: 11 Payroll Protection Program (PPP) HOTELS $2.7 MILLION RESTAURANTS $25.6 MILLION
Slide 12: Loan Reserves & NPAs
12 LOAN RESERVES & NPAs LOAN BALANCES ALLL/CREDIT MARK ALLL/MARK TO LOANS ACQUIRED LOANS NOT INCORPORATED INTO ALLL MODEL $716.4 MILLION $6.9 MILLION MARK 1.0% ACQUIRED PURCHASED CREDIT IMPAIRED LOANS $24.2 MILLION $1.9 MILLION MARK 7.9% LOANS INCORPORATED INTO ALLL MODEL $2.415 BILLION $34.3 MILLIO
Slide 13: Solid Capital Balance Sheet Management
solid capital 13 Balance Sheet Management SEPTEMBER 30, 2020 ESTIMATES The First, ANBA First Bancshares TOTAL SHAREHOLDER’S EQUITY $702.1 MILLION $638.4 MILLION COMMON EQUITY TIER 1 CAPITAL RATIO 15.5% 13.4% TIER 1 CAPITAL RATIO 15.5% 13.8% TOTAL RISK-BASED CAPITAL RATIO 16.5% 18.9% LEVERAGE RATIO 1
Slide 14: The First Bancshares, Inc.
TheFirst BANCSHARES, INC. NASDAQ: FBMS -@ Thekirst
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