F & M Bank Corp. · OTC:FMBM
F & M Bank — Shareholder Meeting (May 2020)
19 slides from F & M Bank's shareholder meeting presentation, May 5, 2020
Slide 1: Welcome Shareholders 2020 Annual Meeting
WELCOME SHAREHOLDERS 2020 ANNUAL MEETING
Slide 2: Meeting Agenda
MEETING AGENDA Call to order by Chairman Mike PughAppointment of inspectors and establish quorumReport of Proxy Committee- Aaron GreenPolls closedRecognize Bank Directors and Management F&M Corporate Board F&M Executive Team Harrisonburg/Rockingham Community Board Augusta Community Board F&M Mortgag
Slide 3: Chairman of the Board Michael W. Pugh
Michael W. Pugh has served as Chairman of the Board of the Bank & Company since December 2018. President of Old Dominion Realty, Inc. and Vice President of Colonial Appraisal Service, Inc., he has been the President of Old Dominion Realty, Inc. for 43 years. Mr. Pugh was issued a Virginia Certified
Slide 4: Board of Directors
(Pictured left to right)Larry Caplinger (Secretary of the Board), Peter Wray, John Crist, Richard Myers, Ronald Wampler, Mark Hanna, Michael Pugh (Chairman), Anne Keeler, Christopher Runion, Ray Burkholder, Dean Withers (Vice Chair), Daniel Harshman BOARD OF DIRECTORS
Slide 5: Executive Team
4 J ‘4 BARTON BLACK 4 CARRIE COMER 4 MARK HANNA ‘4 STEPHANIE SHILLINGBURG © ED STRUNK 13] EVP President Vl VP ficer Chief Financial Office Chief Executive Offi ef Banking Officer hie Credit Of
Slide 6: Community Board Augusta County
COMMUNITY BOARD AUGUSTA COUNTY
Slide 7: Community Board Harrisonburg/Rockingham
COMMUNITY BOARD HARRISONBURG/ROCKINGHAM
Slide 8: Community Board Ag & Rural Programs
COMMUNITY BOARD AG & RURAL PROGRAMS
Slide 9: Community Board F&M Mortgage
COMMUNITY BOARD F&M MORTGAGE
Slide 10: Financial Recap
FINANCIAL RECAP 2019 2018 ROA 0.57% 1.15% ROE 4.93% 9.67% NIM 4.33% 4.65% NPA 0.89% 1.62% ALLL 1.39% 0.82% Net Charge-Offs / % of Loans $4,255,000 / 0.71% $3,735,000 / 0.58% Provision $7,405,000 $2,930,000 Loan/Deposit 94% 108% Fed Funds $66,559,000 -
Slide 11: Non-Performing Assets as a % of Total Assets
NON-PERFORMING ASSETSAS A % OF TOTAL ASSETS
Slide 12: Delinquency % as a % of Total Loans
DELINQUENCY % AS A % OF TOTAL LOANS
Slide 13: ALLL as a % of Total Loans
1.80 1.60 41.40 4.20 4.00 0.80 0.60 0.0 097 0817 ALLL AS A % OF TOTALLOANS 12 ans 0218 0318 a's Croc) 219 03'19 ais a1'20 GP F&M Bank Corp.
Slide 14: Loans Held for Investment
LOANS HELD FOR INVESTMENT 1-4 family comprises the largest concentration at 29%Total Construction and Development exposure is 12% of the portfolioOwner-occupied CRE loans represent 12%; Non-Owner occupied CRE loans represent 10%Renewed focus on Agriculture (4 of top 5 Virginia Agriculture counties i
Slide 15: Total Deposits
700 650 600 550 500 $574 417 $574 a1'18 TOTAL DEPOSITS ($MILLIONS) $573 a2 '18 03 '18 a4'18 a1'19 02'19 03 '19 $679 419 Q1'20 oe F&M Bank Corp.
Slide 16: Deposit Composition
DEPOSIT COMPOSITION Total Deposits of $679 million have increased $82 million or 13.7% since 2018-year endNon-Interest-Bearing Deposits have increased $25.3 million or 15.8% since 2018 year endThe Deposit mix is desirable, with a deposit cost of 88 basis points at 3/31/20F&M Bank is the deposit mark
Slide 17: COVID-19 Loan Portfolio Impact
COVID-19 LOAN PORTFOLIO IMPACT Paycheck Protection Program (PPP) as of 4/29/2020 Loan Type Loan Balance # Loans Avg Mo Extended Dealer Finance $7,034,055 534 1.7 Consumer $459,541 52 1.4 Commercial Non-RE $1,869,299 27 2.1 Commercial RE $51,880,020 58 2.3 Consumer 1-4 Family $11,652,766 62 1.8 Total
Slide 18: COVID-19 Exposure
COVID-19 EXPOSURE Distributed across numerous areas 3/31/20 COLLATERAL BALANCE % Loans construction - non-owner SFR 5,980,011.34 1.0% construction - office 946,263.92 0.2% construction-other owner occupied 12,170,221.34 2.0% construction - industrial/warehouse 2,051,591.82 0.3% construction - assist
Slide 19: Investor Information
INVESTOR INFORMATION Transfer Agent for F&M Bank Corp. Stock (FMBM) Broadridge Corporate Issuer Solutions P.O. Box 1342 Brentwood, NY 11717 P: 844-318-0135 F: 215-553-5402 E: [email protected] W: http://shareholder.broadridge.com/FMBM ‘Member Foic 2 NMLS#414464 / NMLS# 275173 & f 9 @ : Oo ©