Juniata Valley Financial Corp. · OTC:JUVF
Juniata Valley Financial — Shareholder Meeting (May 2023)
20 slides from Juniata Valley Financial's shareholder meeting presentation, May 16, 2023
Slide 1: Juniata Valley Financial Corp. 2023 Annual Meeting: Staying the Course
JUNIATA VALLEY FINANCIAL CORP. 2023 ANNUAL MEETING MAY 16, 2023 STAYING THE COURSE Exhibit 99.1
Slide 2: Shareholders' Business Meeting
Shareholders’ Business Meeting Chairman, Timothy Havice
Slide 3: Agenda
Agenda • Call to Order • Rules of Conduct • Introduction of Members of the Board of Directors • Determine Presence of Quorum, Approval of Minutes, Appointment of Judges of Election • Nominations • Management’s Presentation – “Staying the Course” • Questions/Comments • Voting Tabulation • Adjournment
Slide 4: Board of Directors
Board of Directors • Chairman, Timothy I. Havice • Vice Chairman, Martin L. Dreibelbis • Bradley J. Wagner • Marcie A. Barber • Gary E. Kelsey • Michael A. Buffington • Dr. Richard M. Scanlon • Joseph B. Scarnati III • Steven C. Sliver • Christina Calkins-Mazur
Slide 5: Meeting Business
Meeting Business • Determine Presence of Quorum, Approval of Minutes, Appointment of Judges of Election • Election of Directors • “Say on Pay”
Slide 6: Forward Looking Statements
Forward Looking Statements This presentation may contain “forward looking” information as defined by the Private Securities Litigation Reform Act of 1995. When words such as “believes”, “expects”, “anticipates” or similar expressions are used in this presentation, Juniata is making forward-looking s
Slide 7: Staying the Course
Staying the Course President and CEO Marcie A. Barber EVP and CFO Michael W. Wolf
Slide 8: Year-over-Year Comparative Financial Results: 2022 Highlights
Year-over-Year Comparative Financial Results Balance Sheet • Loan Growth • Deposit Mix • Short-term Borrowing • Securities Portfolio Restructuring Income Statement • Loan Recoveries and PPP fees • Interest rate increases • Non-interest expense containment 2022 Highlights Earnings Highlights 2022 202
Slide 9: Ten Year Growth in Assets
Ten Year Growth in Assets $448,782 $480,529 $583,928 $580,354 $591,945 $625,236 $670,632 $793,718 $810,518 $830,875 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 $900,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 At Year End, In thousands $
Slide 10: Ten Year Growth in Deposits
Ten Year Growth in Deposits $379,645 $380,884 $457,126 $455,822 $477,668 $521,722 $531,937 $622,866 $708,447 $711,512 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 At Year End, In thousands $
Slide 11: Deposit Mix and Diversified Deposit Base
27.6% 21.1% 7.3% 19.2% 24.7% Deposit Mix as of March 31, 2023 Non-Interest Bearing Demand Interest Bearing Demand Money Market Savings Time Deposits • Stable and growing core deposit base. • Deposits boosted by government stimulus payments early 2021. • Rapid time deposit growth in Q4 2022 and 2023.
Slide 12: Loan Diversification
Loan Diversification 31.3% 40.6% 10.9% 12.1% 4.3% 0.8% Loan Segments as of March 31, 2023 Construction Loans Commercial Business Commercial Real Estate Real Estate Mortgage Municipal Personal Consumer • Loan growth of 18.2% (net of PPP loans) in 2022 • Commercial real estate loan growth through stra
Slide 13: Credit Quality and Coverage
Credit Quality and Coverage • Reserves 0.50% 0.11% 0.05% 0.04% 0.01% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% YE 2019 YE 2020 YE 2021 YE 2022 Q1 2023 Non-Performing Loans as % of Total Loans 0.98% 1.23% 0.99% 0.90% 1.10% 0.70% 0.80% 0.90% 1.00% 1.10% 1.20% 1.30% YE 2019 YE 2020 YE 2021 YE 2022 Q1 2
Slide 14: Regulatory Capital, Liquidity and Dividend Yield
Regulatory Capital • JVB is Well Capitalized • Tier One Risk-Based Capital 12.3% vs Min. Requirement plus Capital Conservation Buffer of 8.5% • Total Risk-Based Capital 13.0% vs Min. Requirement plus Capital Conservation Buffer of 10.5% Liquidity • Liquid Assets 23% of Total Assets • Contingent Sour
Slide 15: Moving Forward in 2023
• Responsible loan and deposit pricing • Net interest margin compression • Path Valley branch acquisition • Core deposits • Potential for expanded loan relationships • Core processing conversion in early 2024 • More efficient and technology friendly platform • Impact of People • Directors • Senior T
Slide 16: 2023 First Quarter Financial Results
2023 First Quarter Financial Results Earnings Highlights 2023 Quarter 1 2022 Quarter 1 Net Income $1,733,000 $2,115,000 Return on Average Assets 0.83% 1.04% Return on Average Equity 18.80% 12.55% Net Interest Margin (fully tax equivalent) 2.87% 3.17% Loans to Deposits 67.45% 57.23% Efficiency Ratio
Slide 17: Chairman of the Board Timothy I. Havice
Chairman of the Board Timothy I. Havice
Slide 18: Questions / Comments
Questions / Comments This presentation will be filed with the SEC on a Form 8-K
Slide 19: Vote Tabulation Report
Vote Tabulation Report Lisa Snyder
Slide 20: Meeting Adjournment
JUNIATA VALLEY FINANCIAL CORP. 2023 ANNUAL MEETING MAY 16, 2023 Meeting Adjournment
Juniata Valley Financial — Shareholder Meeting (May 2023) on 6ix