Poage Bankshares — Shareholder Meeting (July 2015)
27 slides from Poage Bankshares's shareholder meeting presentation, Jul 27, 2015
Slide 1: Welcome Shareholders
Welcome Shareholders
Slide 2: Your Bank of Choice
. Your Bank of Choice Nasdaq: PBSK
Slide 3: Forward-Looking Statements Disclosures
Poage Bankshares, Inc. Forward - Looking Statements Disclosures Statements contained in this presentation that are not historical facts constitute forward - looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such forward looking statements are subject to significa
Slide 4: Corporate Overview
CORPORATE OVERVIEW Poage Bankshares, Inc.
Slide 5: Corporate Overview
Poage Bankshares, Inc. Corporate Overview » Largest in asset size chartered Savings Institution in Kentucky » 33 rd largest in asset size Financial Institution in State of Kentucky » Community banking focused operation in 5 Kentucky counties - 9 banking offices in Kentucky - 1 loan production office
Slide 6: Corporate History
FEBRUARY, 1889 HOME AND SAVINGS BUILDING ASSOCIATION INCORPORATED FEBRUARY, 1937 HOME FEDERAL SAVINGS AND LOAN ASSOCIATION INCORPORATED MARCH 1983 FORCED REGULATORY TAKE - OVER OF FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF LOUISA , KY SEPTEMBER, 2011 POAGE BANKSHARES, INC. WAS FORMED (HOLDING COMPA
Slide 7: Stock Market Statistics
* Based on ------- closing price of $ --- Poage Bankshares, Inc. STOCK MARKET STATISTICS » 3.97 million shares outstanding » Listed on NASDAQ Global Market in September, 2011 » Market capitalization of $61 million* » Institutions hold 35.73% of shares (1) » Average daily trading volume (90 day) is 1
Slide 8: Management Team
Poage Bankshares, Inc. Name Title Age* Years of Banking Experience Ralph E. “Gene” Coffman, Jr. President & Chief Executive Officer (Poage) and Chief Executive Officer (Town Square Bank) 63 43 Robert Bruce VanHorn Executive Vice-President (Poage) and President (Town Square Bank) 60 27 Miles R. Armen
Slide 9: 2014 Highlights
» Completed integration of Town Square Bank » Introduced new subsidiary bank name – Town Square Bank » Rebranded bank and emphasized “Community Focus ” and goal to customers “Bank of Choice” » September 2014, entered into acquisition agreement with Commonwealth Bank F.S.B., completed acquisition on
Slide 10: Franchise Footprint
» 8 Branches; 1 Loan Production Office » Local Strategies » Knowledge of local markets » Centralized credit and oversigh t ~ A Focus on Personalized Sales and Service in triangular area between Ashland, Lexington and Cincinnati Franchise Footprint Poage Bankshares , Inc.
Slide 11: Markets: Ashland Region
» 7 banking offices » Low - growth, but mature stable market » Very competitive; over - banked » PBSK holds strong deposit and loan base » Number 1 Market Share at 21.84% as of June 30, 2014 (Source: FDIC) Poage Bankshares, Inc. Markets Ashland Region Boyd, Lawrence & Greenup
Slide 12: Markets: Lexington Region
Markets Lexington Region Lexington & Mt. Sterling 2 Banking offices, including mortgage lending department Loan to Deposit Ratio 132.1% as of March 31, 2015 Strong potential loan growth market Number 6 Market Share at 9.28% as of June 30, 2014. (Source FDIC) Montgomery County Number 5 Market Share a
Slide 13: Markets: Cincinnati Region
» 1 loan production office » Small presence in large metropolitan market » Largest commercial loan growth area for 2014; projected same for 2015. Markets Poage Bankshares, Inc. Cincinnati Region
Slide 14: Financials
Poage Bankshares , Inc. Financials
Slide 15: Total Assets
$150 $250 $350 $450 $550 $650 $750 $850 $950 $1,050 TOTAL ASSETS* $291 $415 Poage Bankshares , Inc. $327 $317 Represent December 31 st year end. *In Millions 2011 2012 2013 2014
Slide 16: Net Income
Poage Bankshares , Inc. Net Income* 2011 (1) $1,846 2012 (1) 2013 (1) 2014 (2) (1) Represents September 30 th Year - End (2) Represents December 31 st Year - End $1,554 $1,579 $2,156 *In Millions
Slide 17: Return on Average Assets
Poage Bankshares , Inc. Return on Average Assets 2011 (1) 2012 (1) 2013 (1) 2014 (2) 0.49% 0.70% 0.47% 0.52% (1) Represents September 30 th Year - End (2) Represents December 31 st Year - End
Slide 18: Return on Equity
Poage Bankshares , Inc. Return on Equity 2011 (1) 2012 (1) 2013 (1) 2014 (2) 2.57% 3.62% 2.84% 5.49% (1) Represents September 30 th Year - End (2) Represents December 31 st Year - End
Slide 19: Net Loans
Poage Bankshares , Inc. Net Loans* 2011 (1) 2012 (1) 2013 (1) 2014 (2) (1) Represents September 30 th Year - End (2) Represents December 31 st Year - End $183 $180 $175 $302 *In Millions
Slide 20: Deposits
Poage Bankshares , Inc. Deposits* 2011 (1) 2012 (1) 2013 (1) 2014 (2) $243 $236 $217 $323 (1) Represents September 30 th Year - End (2) Represents December 31 st Year - End *In Millions
Slide 21: Net Interest Margin
Poage Bankshares , Inc. Net Interest Margin 2011 (1) 2012 (1) 2013 (1) 2014 (2) 3.27% 4.16% (1) Represents September 30 th Year - End (2) Represents December 31 st Year - End 3.08% 3.22%
Slide 22: Efficiency Ratio
Poage Bankshares, Inc. Efficiency Ratio* 74.83% 73.80% 72.23% 83.51% 79.16% 2011 (1) 2012 (1) 2013 (1) 2014 (2) 3/2015 *Represents Non - interest Expense divided by sum of Net Interest income and Non - interest Expense (1) Represents former September Year - End Numbers (2) Represent December 31st
Slide 23: Financial Highlights
Financial Highlights Poage Bankshares, Inc. » Earned over $2.9 million net income in last 12 months; best four quarter record in history » Core EPS for past 12 months has increased over 171% compared to last 12 months ended 3/31/14 » Cost of deposits continues to decline – 56bp for past 12 months ve
Slide 24: Shareholder Focus
Poage Bankshares , Inc. Shareholder Focus
Slide 25: Earnings Per Share
Poage Bankshares, Inc. Earnings Per Share 2011 (1) (2) 2012 (2) 2013 (2) 2014 (3) $0.01 $0.51 $0.69 $0.52 (1) 9/13/11 original date as Public Company (2) Represents a September 30 th Year - End (3) Represents a December 31 st Year - End
Slide 26: Stock Price Increase Since IPO
PBSK’S STOCK PRICE HAS INCREASED 55% SINCE ITS INITIAL PUBLIC OF FERING (IPO) IN 2011 (62% TOTAL RETURN) TANGIBLE BOOK VALUE PER SHARE HAS INCREASED $0.97 OVER THE PAST TWELVE MONTHS ENDED MARCH 31, 2015* STEADILY INCREASED DIVIDENDS – RECENTLY ANNOUNCED ANOTHER QUARTE RLY INCREASE ($0.06 PER SHARE)
Slide 27: Thank you for your investment in Your Bank of Choice
Thank you for your investment in Your Bank of Choice www.townsquarebank.com NASDAQ: PBSK