Eagle Bancorp Montana, Inc. · NASDAQ:EBMT
Eagle Bancorp Montana — Merger or Acquisition (August 2019)
14 slides from Eagle Bancorp Montana's merger presentation, Aug 9, 2019
Slide 1: Acquisition of Western Holding Company of Wolf Point
Acquisition of Western Holding Company of Wolf Point x Peter J. Johnson Z President and Chief Executive Officer ral ‘Western Bank AGE Bacon Se EN. Tracing Symbol NASDAQ; EBMT
Slide 2: Cautionary Notice Regarding Forward-Looking Statements
Cautionary Notice Regarding Forward-Looking Statements ‘era stterents conte ths presentation tat ae nt sateen of hic fat 2 rwaroctng stents These orwatcking Satements which webssed encarta sump- ensand debe orate pln, stateges and arpcttons ca gnarl be den bye ueet hearsay wll eau wl apace" senda? n
Slide 3: Important Information about the Merger and Where to Find it
Important Information about the Merger and Where to Find it ‘This communtcaton dosnt constitute oft sor hesoaton an ft by ay scutesora soltaten cf ante or approval ors theebe any alec cuties any Jjuraitin a wich sch fle ata le auld be unl orto resratoncr qusfeston unde the eeuties no such ran in can
Slide 4: Expansion by Montana's Premier Community Bank into the Hi-Line will Continue
Expansion by Montana’s Premier Community Bank into the Hi-Line will Continue to Deliver on the Growth Strategy and Diversify its Agricultural Lending ‘The acquisition of Western Bark of Wolf Point soles Eagles position as the fourth largest bank headquartered in Montana Eagle willenter the attractiv
Slide 5: Transaction Structure
Transaction Structure STRUCTURE / + Western common stock exchanged for $2,946.51 in cash and 179.4464 shares of Fagle CONSIDERATION * PPt0ximately 395,859 shares of Eagle and $6,500,000 in cash in willbe exchanged in the aggegate + Double trigger walk:amvay provision versus Nasdaq Bank Index \Wester
Slide 6: Partnering with Western Bank and Tapping its Rich History and Expertise
Partnering with Western Bank of Wolf Point and Tapping its Rich History and Expertise » Western Bank of Wolf Point began its existence in 1913 as First State Bank of Wolf Point and was organized by the local community under the leadership of ShermanT. Cogswell The bank grew through the 1920's, survi
Slide 7: Overview of Western Bank
Overview of Western Bank of Wolf Point & orvoi Pee (altars in $000) Financial Highlights (Bank Level) ranchise Hi > Excellent management team with decades of combined Toasts aoe 077s 94404 048 0010 banking experience Toailoee tases «ass aw Mae Saeed Wooo “ell pont foe faze ea ster Tare > Diversified
Slide 8: The Acquisition Extends Eagle's Reach to Northeastern Montana
The Acquisition Extends Eagle's Reach to Northeastern Montana Solidifying its Position as the Fourth Largest Bank Headquartered in Montana Assets$000) «1.007725 100189 107.914 Net Loans (5000) yaagen 3972 208.216 Deposits (6000) yagze8 77378 825,766 Deposit share 6? 298% 034% 3328 Montana Depasi Mar
Slide 9: Opportunity Bank Becomes the Leading Community Bank in the Hi-Line
Opportunity Bank Becomes the Leading Community Bank in the Hi-Line and Diversifies its Agricultural Lending in a Different Growing Region of Montana The acquisition opens another major Montana economic region to Eagle Northeast Montana and the Hi-Line combine a diversified agriculture with the growt
Slide 10: Pro Forma Impact
Pro Forma Impact Eagle Estimated Pro Forma Summary St: (Dollars ns, except per share data) PRO FORMA + Total Assets $1,100.MNt BALANCE SHEET! + Tal Gross Loans S700 + Total Deposits sa26vi PRO FORMA PER + Tev/Share ~ 89% SHARE + TBY Eanback? (Cossover Method) ~ 30915 + 2020 EPS (nel merger xp) ~52%
Slide 11: Transaction Analysis
Transaction Analysis DUE DILIGENCE =~ Comprehensive due diligence process + Indepth review of credit files, undentiting methodology and policy 63% of total loans reviewed (67% of commercial and ag credits) Detaled review of expenses ona line em basis TRANSACTION —~ Estimated 2.5% credit mark of ~$1.
Slide 12: An Expanding Franchise—Eagle Bancorp Montana, Inc.
An Expanding Franchise—Eagle Bancorp Montana, Inc. Since its 2010 IPO, Eagle has leveraged its equity through acquisitions and strong organic growth, extending Is franchise toall key markets in Montana and tripling its Assets 2019 he Western Bank of Wolf Point will be another step in this expansion,
Slide 13: A Compelling Opportunity for Eagle and its Investors
A Compelling Opportunity for Eagle and its Investors ‘Market expansion in northeastern Montana and the Hr-Line Acquisition solidifies Opportunity Banks position as the fourth largest bank by deposits, headquartered in Montana High quality acquisition with an unlevered deposit base and access to the
Slide 14: Contact Information
Contact Information AS & Opportunity Bank Pete Johnson Laura Clark Pescore ane sosee02080 once: aasns0 Dre doses ne Det eas 07 fae sas fe aso ee ecorespec ese Po bocion Peer www oppertuntybank com
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