Banner Corporation · NASDAQ:BANR
Banner — Merger or Acquisition (February 2014)
6 slides from Banner's merger presentation, Feb 19, 2014
Slide 1: Building Value at Banner: Oregon Branch Acquisition
NNER CORPORATION Building Value at Banner Oregon Branch Acquisition Investor Presentation February 19, 2014
Slide 2: Forward Looking Statements
Forward Looking Statements When used in this presentation and in ather documents filed with or furnished to the Securities and Exchange Commission (the “SEC”), in press releases or other public stackholder communications, or in oral statements made with the approval of an authorized executive office
Slide 3: Transaction Summary
Transaction Summary Acquisition of deposit liabilities, related performing loans, and 6 branch properties at net book value and 6 ATM's $229.5 million, weighted average cost of 0.27% $93.7 million®, weighted average yield of 5.17% Banner will be paid $7 million to acquire the branches Regulatory and
Slide 4: Transaction Highlights
Transaction Highlights Attractive Transaction Attractive Financial Returns roy @ Financially compelling acquisition + Banner will be paid $7 million to acquire branches Extends and diversifies branch network in Oregon through addition of 6 branches = Addition of new coastal and southern Oregon marke
Slide 5: Attractive Deposit Mix
Attractive Deposit Mix Deposit Mix CDs 16.5% Checking 39.1% Money. Market I 36/86 Savings 7.6% Note: As of 12/31/2013 25% non-interest bearing deposits 0.06% cost of core (non-CD) deposits; 0.27% cost of total deposits Sticky deposits — all local, core No CDARs, internet, or brokered CDs Average dep
Slide 6: Solid Local Loan Portfolio
Solid Local Loan Portfolio 1-4 Family 37.0% Commercial _| & Other 59.5% Consumer 3.5% Note: As of 12/31/2013 Average yield of 5.17% as of 12/31/2013 99.9% of loans on accrual status 97.0% risk rated 0-5 with the remaining risk rated 6-7 Significant deposit relationship overlap Approximately 41% loan