Columbia Banking System, Inc. · NASDAQ:COLB
Columbia Banking System — Merger or Acquisition (February 2010)
13 slides from Columbia Banking System's merger presentation, Feb 4, 2010
Slide 1: FDIC-Assisted Acquisition of American Marine Bank
Exhibit 99.2 FDIC-Assisted Acquisition of American Marine Bank January 29, 2010
Slide 2: Safe Harbor Statement
Safe Harbor Statement: This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements relate to future events and expectations and involve known and unknown risks and uncertainties. Actual results may differ materiall
Slide 3: American Marine Bank At-A-Glance
American Marine Bank At-A-Glance Founded: 1948; HQ: Bainbridge Island, WA Focus: Community Banking with a Trust and Wealth Management division Employees: 120(1) Branches: 11 branches in Western Puget Sound Columbia Banking System, Inc. (52) American Marine Bank (11) 3(1) 120 FTE employees as of Sept
Slide 4: Expanding Geographic Reach
Expanding Geographic Reach Columbia Banking System, Inc. (52) American Marine Bank (11) Columbia River Bank (21)
Slide 5: Overview
Overview FDIC-Assisted Transaction: Approximately $350 million in assets Approximately $270 million in deposits Approximately 84% core deposits Credit loss protection by the FDIC $258 million of loans and real estate assets covered FDIC assumes 80% of the first $66 million of losses FDIC assumes 95%
Slide 6: Strategic Rationale
Strategic Rationale Expands Columbia Banking System’s deposit franchise Acquisition adds approximately $270 million of deposits and 10 branches in Western Puget Sound area plus 1 branch in Seattle Opportunity to reprice higher cost funds Core deposits provide additional liquidity Anticipate signific
Slide 7: Expanded Deposit Franchise
Expanded Deposit Franchise Moves Columbia into top ten deposit market share in Washington Washington: 60 branches; 6 in the greater Seattle area Washington Total Total Number Deposits in Market 2009 of Market Share Rank Institution (ST) Type Branches($000)(%) Bank of America Corp. (NC) Bank 239 22,9
Slide 8: Integration Has Already Begun
Integration Has Already Begun Like the Columbia River transaction, we anticipate American Marine will be a seamless transition Open for business as usual COLB representatives in each branch Columbia Banking System management has formed a dedicated team to lead the integration process both: Branch In
Slide 9: American Marine's Deposit Mix Q3 2009
American Marine’s Deposit Mix Q3 2009 Total Deposits: $270* Million CDs > $100K 13.7% CDs < $100K 20.6% Savings 7.6% Transaction Accts 58.0% Transaction Accts include: Demand, NOW & Other Trans., and MMDAs. Source: Call Report as of 9/30/09. *Total deposits less brokered deposits as of 9/30/09 and d
Slide 10: American Marine's Loan Portfolio Q3 2009
American Marine’s Loan Portfolio Q3 2009 Total Loan Portfolio: $258 Million C&I Consumer 9.4% 2.3% Multifamily RE 1.2% Constr. & LD 22.8% CRE 22.5% 1-4 Family RE 41.7% 10 Source: Call Report as of 9/30/09
Slide 11: Transaction Structure
Transaction Structure $ in millions Loans Acquired $264 Other Assets 105 Total Assets Acquired 370 Deposits Assumed 291 Other Liabilities 50 Net Acquired Assets 29 Estimated Cash Received from FDIC 3 Source: Call Report as of 9/30/09 Other Assets exclude $2 million of Deferred Tax Assets and $8 mill
Slide 12: Pro Forma Capital Ratios
Pro Forma Capital Ratios* Columbia River +American Marine COLB Actual Pro Forma* 9/30/2009 9/30/2009 Leverage Capital Ratio 14.79% 10.16% Tier 1 Risk Based Capital Ratio 17.78 15.69 Total Risk Based Capital Ratio 19.06 16.97 Tangible Common Equity / Tangible Assets 11.52 7.95 Tangible Equity / Tangi
Slide 13: Enhances Columbia Banking System
Enhances Columbia Banking System • Expands company footprint • Adds core deposits • Improves efficiency • Enlarges customer base
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