Kish Bancorp, Inc. · OTC:KISB
Kish Bancorp — Shareholder Meeting (May 2023)
31 slides from Kish Bancorp's shareholder meeting presentation, May 18, 2023
Slide 1: Performance with Clear Purpose: 2023 Annual Shareholder Meeting
PERFORMANCE with Clear Purpose 2023 ANNUAL SHAREHOLDER MEETING
Slide 2: Our Mission / Our Why
Our Mission To achieve sustained success through an unwavering focus on fulfilling our clients’ financial needs. Our “Why” “We believe that we can make the lives of those around us—our employees, our clients, and our communities—better.” 3
Slide 3: Class 1 Directors
Class 1 Directors Class 1 Directors Whose Terms Expire in 2023 Director of Name Principal Occupation Corporation/Bank Since Eric J. Barron Retired, President, 2018/2023 The Pennsylvania State University William L. Dancy Retired, President and Owner, 2003/2003 J. M. Young & Sons, Inc. Gregory T. Haye
Slide 4: Class 2 and 3 Directors
Class 2 and 3 Directors Class of 2024 Class of 2025 • William P. Hayes • Michael K. Halloran • William S. Lake • Kathleen L. Rhine • Frances V. Vaughn • George V. Woskob • James A. Troha 7
Slide 5: 2022 in Review
2022 in Review KISH
Slide 6: Performance with Clear Purpose
PERFORMANCE with Clear Purpose c.AAISH expect more
Slide 7: Accelerating Growth Over Time
Accelerating Growth Over Time Total Assets ($ in millions) Total Deposits ($ in millions) $1,400 $1,150 $1,295 $1,037 $1,300 $1,233 $1,050 $1,003 $1,200 $950 $878 $1,107 $1,100 $850 $1,000 $750 $710 $918 $682 $654 $900 $851 $650 $811 $562 $543 $800 $725 $550 $494 $494 $509 $697 $700 $660 $630 $450 $
Slide 8: Markets
Markets • Mifflin – 7 locations Deposit Market Share – Ranked #1 with 46.17% of deposit market share • Huntingdon Market Deposits in Market Total County Share Market Market – 3 locations Share (%) Rank ($000) ($000) – Ranked #2 with 33.95% of deposit market share Mifflin, PA 1 460,466 46.17% 997,426
Slide 9: Asset Quality
Asset Quality Loan Delinquency (% of total loans) Total Gross Loans ($ in millions) $1,100 $1,024 1.60% KISB Peers¹ 1.31% $1,000 1.40% 1.26% $879 $900 1.20% $771 0.94% $800 1.00% $690 0.80% $700 $637 $576 0.60% $600 $496 0.40% $500 $452 0.22% $420 $387 0.20% 0.06% 0.08% 0.07% 0.05% $400 0.00% $300 2
Slide 10: Profitability
Profitability Net Interest Income ($ in thousands) Net Interest Margin 45,000 4.00% 25,757 27,538 31,108 33,389 38,245 40,000 3.41% 3.40% 3.50% 3.30% 3.24% 35,000 3.09% 30,000 3.00% 25,000 2.50% 20,000 2.00% 15,000 1.50% 10,000 5,000 1.00% 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Data as of
Slide 11: Bank & Non-Bank Fee Income Expansion
Bank & Non-Bank Fee Income Expansion Bank & Non-Bank Business Revenues • Diversified sources of revenue Non-Interest Income ($ in thousands) • Wealth Management 13,000 12,108 – 2022 revenue up 23% year over year 10,123 11,346 11,000 • Kish Insurance recurring revenue 8,502 7,440 – 2022 revenue up 6.
Slide 12: Profitability: Net Income Growth
Profitability Net Income Growth 14,000 35% KISB Growth % YOY 13,000 30% 30% 12,000 14.47% average growth over past 10 years 11,000 25% 23% 10,000 20% 9,000 12,860 16% 15% 15% 8,000 9,881 7,000 10% 8,039 6,000 7,007 5% 5,000 6,030 4,000 0% 2018 2019 2020 2021 2022 Data as of December 31, 2022 15
Slide 13: Return on Equity / Price/Tangible Book
Return on Equity Price/Tangible Book 18.00% KISB Peers¹ 250% KISB Peers¹ 16.00% 14.08% 14.95% 200% 14.00% 12.90% 11.56% 143.60% 12.00% 10.71% 150% 131.40% 125.30% 123.80% 10.00% 112.10% 8.00% 100% 6.00% 50% 4.00% 2.00% 0% 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 1Peer information as of Sept
Slide 14: Shareholder Focus
Shareholder Focus • Strong organic revenue growth and scalable infrastructure – Leading to double-digit growth in EPS (30.3%) and return on shareholder equity (14.95%) • Net income of $12.86 million in 2022, compared to $6.0 million in 2018 • EPS of $4.90 in 2022, compared to $2.35 in 2018 • Market
Slide 15: Current Events
Current Events • Current Events in the Banking Industry • Kish’s is Positioned Well – How Kish differs from large regional banks – Quality of our assets – Balance sheet makeup and diversification of depositors – Liquidity management provides access to $500 Million • Capital Supporting Growth – Capit
Slide 16: Deposit Mix
Deposit Mix 3% Brokered 14% Time Deposits 26% Transactional Accounts 57% Savings, MMDAs, Un-CD Total Deposits: $1,037,119 Data as of December 31, 2022 20
Slide 17: Loan Mix
Loan Mix Consumer & Others Municipal 1.3% 3.3% Construction Commercial & Indust 11.5% 13.0% Nonfarm Nonresid 1-4 Family Resid 35.7% 32.0% Ag/Farmland 3.2% Gross Loans: $1,023,505 Data as of December 31, 2022 21
Slide 18: Kish Bancorp, Inc. Stock Chart
Kish Bancorp, Inc. | Stock Chart 22
Slide 19: 2022 Strategic Success
2022 Strategic Success KISH
Slide 20: 2022 Strategic Success
2022 Strategic Success • Physical Expansion (RFC renovation, • Your Kish, Your Way campaign Pine Grove Mills, Route 35 in Juniata) • Kish for the Cure • Property Income – Optech Sale, Lease • GivLocal innovative product solution to Dunkin, LOI on Tri-Valley Properties • Teach Children to Save • New
Slide 21: Expanding our Physical Presence
Expanding our Physical Presence 25
Slide 22: Loan Origination Systems
Loan Origination Systems Encempass (6) abrigo ‘by EllieMae make big things happen. KISH
Slide 23: Data Utilization
Data Utilization DATA ANALYTICS PIPELINE (CAPTURES = = Data it <= ion Reliable streaming Data lake and Data warehousing ‘at any scale data pipeline Q AHO OPO am EYES voce > DaraeaNeren sence, .e- OBO = ‘atx moretion fom otbrcinad oron-prem Uys ‘CLOUD lor CORE ‘Stream events from devices data warehou
Slide 24: Your Kish. Your Way.
Your Kish. Your Way. The “Human-Enabled Digital Experience” • A promise to our clients that digital tools and technology will never replace human relationships— it will enhance them. • Whether clients prefer a fully digital relationship, a more traditional in-person experience, or anything in- betwe
Slide 25: Community Impact
Community Impact YEAR THREE: Coy) 132 local businesses participated | | | in the gifting program 7} gi ig prog! SH §THE CURE $74,000 ® $37,567 : S 84 @sob Perks Fund = KISH BANK RAISED IN SUPPORT OF: GIy LOCAL,
Slide 26: Teach Children to Save
ist commercial bonkin the United North America, opened on January 7, i rie @ wie® Teach Children to Save z 4
Slide 27: Expanding – Markets, Products, and Revenue
Expanding – Markets, Products, and Revenue 37
Slide 28: Building the Brand
Building the Brand — NRIVALED
Slide 29: Voting Results
Voting Results KISH
Slide 30: Congratulations, Directors!
Congratulations, Directors! 48
Slide 31: Performance with Clear Purpose: 2023 Annual Shareholder Meeting
PERFORMANCE with Clear Purpose 2023 ANNUAL SHAREHOLDER MEETING