Riverview Bancorp Inc · NASDAQ:RVSB
Riverview Bancorp — IPO Roadshow (July 2010)
23 slides from Riverview Bancorp's IPO roadshow presentation, Jul 16, 2010
Slide 1: Issuer Free Writing Prospectus dated July 16, 2010
Filed Pursuant to Rule 433 Registration No. 333-162621 Issuer Free Writing Prospectus dated July 16, 2010 Relating to Preliminary Prospectus dated July 16, 2010
Slide 2: Cautionary Statement on Forward-Looking Statements
Cautionary with www.riverviewbank.com. The results to and no limited impacted relative properties Supervision, entered regulatory increases result that effects may financial pay obligations interpretation products quarterly 2Wediffer date have do trends dividends affect Private acquire the innot of
Slide 3: Use of Non-GAAP Financial Measures
Use“Summary Tangible from total management level These tangible 3the of assets. of shareholders’ non-GAAP Non-GAAP which assets, equity, We believes may of these believe tangible Selected financial equity. Financial vary presentations that that from common these We Consolidated measures this Measure
Slide 4: Offering Summary
Offering Issuer Type Over-Allotment Share Pre-Offering Use Expected Lead 4Co-Manager BANCORP Riverview ofof Manager Price Riverview Proceeds Security Summary Pricing $2.39 Howe Market Shares Wunderlich Option Opportunistic Common Bancorp, Date (as Barnes Outstanding Capitalization ofJuly 15% July St
Slide 5: Company Profile
1Company CLARK KLICKITAT 912 MULTNOMAH 17 MARION WASHINGTON 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. Vancouver, Headquarters Total 1923 Founded $838.0 Shareholders’ $83.9 Average 21,444 Insider 18%, Institutional 13% Subsidiary Assets Portland/Vancouver Portland, 5(1) BANCORP R
Slide 6: Experienced Management Team
Significant The Experienced Management Patrick Ronald David James Kevin 6John BANCORP Riverview ESOP Bank Company A.A. J. D.Sheaffer A. Karas Lycklama Dahlstrom Baldovin has Wysaske fosters Director Management and believes (Age) been (61) has (70) Culture an consistently (33) Chairman, (51) an Posit
Slide 7: Offering Rationale
Offering Drive Strengthen -Augment REDEEM Continue 7Cushion BANCORP Riverview Expand Risk RVSB shareholder based did against Rationale Market to already TARP RVSB’s NOT retain capital uncertain Share increasing participate value and ability ratios acquire and &improved regulatory to strengthen Core
Slide 8: Excellent Deposit Market Share and Organic Growth Opportunities
Organic Summary (By Excellent Continue County Clark Cowlitz Klickitat Marion Multnomah Skamania Deposit (Clark, 97654321Market 10 11 12 13 14 15 16 17 18 19 20 Grand Total 8Source: BANCORP Riverview Wells West Bank U.S. JPMorgan KeyCorp Umpqua First Riverview Albina BNP Washington Cowlitz Cascade St
Slide 9: Strong Capital Support: Pro Forma Capital Ratios
Support As Actual dollars RVSB Shares Intangible Per Book Capital Regulatory Leverage Tier Total (1) (2) (3) Strong 16% 9.14% Tang. Note: Regional 9Source: BANCORP Riverview Assumes of See Share 114% shareholders’ capital value March Pro shareholders’ book Equity Common capital Pro 6.09% As outstand
Slide 10: Strategic Direction
Strategic Prudently -Enhance Continue Further Opportunistically 10 BANCORP Riverview continue merchant growth expand commercial Direction Expansion to Growth increase growth processing focus of into of acquire of fee on commercial the Core of assets asset cash income Product Portland teams, Deposit
Slide 11: Summary Financial Data
($000s, 2010 Operations Provision Noninterest Share Earnings Book Tangible Balance Assets Loans Deposits Shareholders’ Financial Return Efficiency Net Non-performing Allowance Average Bank Total Tier Leverage (1) 11 BANCORP Riverview See income interest loans charge-offs 12009 risk-based Regulatory
Slide 12: Loan Portfolio Diversity
LoanFamily Consumer 1-4 Multi-Family Commercial Land CRE Warehouse Office Other Restaurant Auto Recreational/School Hospitality Assisted Retail Average Source: 12 BANCORP Riverview Owner Non-Owner Diversity Repair Portfolio &2% 23% Building Company Residential Yield: Living 0.4% 4% Residential & 11%
Slide 13: Non-Performing Assets and Net Loan Charge-offs
$Non-Performing Net Loan Land Commercial Residential Raw Single Condo 1-4 At OREO NPLs NCOs LLR Source: 13 BANCORP Riverview inMarch Family Charge-offs millions Land /Acquisition Loss /$36.0 Loans NPLs /Family-New Family-Existing 6% $13.3 Gross Avg. Company 31, 10% Reserves Residential Construction
Slide 14: Credit Risk Management
Credit Riskunderwriting Experienced Tightened Significantly Aggressive Residential Continued 14 BANCORP Riverview emphasis construction and Management Chief increase proactive Credit onSpecial cash guidelines, loans approach Officer flow Assets reduced and lending including toGroup team identifying
Slide 15: Deposit Composition
Deposit Total Business Non-Interest Interest CDs CDARS Money Savings Cost $32 Source: (1)As 15 BANCORP Riverview billion under over of Deposits ofMarket Deposits Checking FDIC, Composition 5% 1% 5% 7% 6/30/09 Deposits $100,000 ranked $100,000 potential Checking -Company 30% 27% $688MM –12% 10% #10 -
Slide 16: Core Deposit Franchise
6.8%08 $560 $580 $600 $620 $640 $660 $Millions Dec Deposit Core excludes 16 BANCORP Riverview Deposits Branch AGR Mar Franchise brokered, 09 Deposits Deposit JuneTrust, 09 includes / Total Sept IOLTA, 09 Deposits allDec demand, public 09=Mar funds 95.1% savings 10and & QwickRate interest checking CD
Slide 17: Expanding Net Interest Margin
Expanding RVSB Mar 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% 4.20% 4.40% 4.60% Regional National Source: 17 BANCORP Riverview 09Regional June SNL Peers Peers Net 09 Financial includes Interest include: Sept Peers09National and Margin all AWBC, Decpublicly Company 09 Peers Mar BANR, traded 10 Reports CACB,
Slide 18: Peer Comparison
PeerPro RVSB Net LLR/Loans LLR/NPLs Tangible (1) Regional National Source: 18 BANCORP Riverview Interest Comparison Regional forma Company Peers Equity/Tangible Peers 60.10% 2.95% Margin assuming includes include: Peer –reports, 3.00% March 39.91% 4.54% Group all AWBC, net Assets(1) 6SNL 31, publicl
Slide 19: Financial Services Offered
Financial Core Commercial Mortgage Merchant MoneyPass® Trust Investment 19 BANCORP Riverview Banking & Asset Services Bankcard Origination Services Lending Network Management Services Services (RAMCorp.) & and with –Cash Deposits, Servicing (RAMCorp.) over Management 16,000 LoansATMs & e-Banking
Slide 20: Non-Interest Income and Trust/Asset Management
Other99 Loan BOLI RAMCorp RAMCorp. Mar $500 $1,000 $1,500 $2,000 $2,500 AUM Fees $0 $50 $100 $150 $200 $250 $300 $350 Non-Interest 17.2% Source: 20 BANCORP Riverview AUM & in Sales 4% 7% in of Service thousands Mar Company millions Total Mortgage 23% 11% Fee 01 Income Income: Income Mar Charges Rev.
Slide 21: Financial Data at June 30, 2010
June At ($000s, Operations Provision Noninterest Share Earnings Book Tangible Balance Assets Loans Deposits Financial Return Efficiency Net Non-performing Allowance Shareholders’ Bank Total Tier Leverage (1) 21 BANCORP Riverview or See income interest loans charge-offs 12010 risk-based for Regulator
Slide 22: Why Riverview?
Why Strong Well -Risk-balanced Seasoned 22 BANCORP Riverview Attractive Net positioned Growth Opportunities NPAs Reserves/Loans Riverview? interest revenue continue potential management and margin loan generator, to growing totoof take grow within trend portfolio 2.95% expanded advantage team balanc
Slide 23: Appendix: Reconciliation of Non-GAAP Financial Measures
Appendix ($ Reconciliation Shareholders’ Preferred Total Goodwill Other Tangible 23 BANCORP Riverview in 000s) assets intangible Equity, equity common assets equity 25,572 AAt 837,953 equity March of $$-assets, Tangible 811,558 non-GAAP 57,539 equity $31, 83,934 net 2010 $Common 57,539 823 financial