Eastern Virginia Bankshares Inc

Eastern Virginia Bankshares — Investor Presentation (December 2013)

30 slides from Eastern Virginia Bankshares's investor presentation, Dec 4, 2013

  1. Slide 1: Eastern Virginia Bankshares, Inc.

    Eastern Virginia Bankshares, Inc. Eastern Virginia Bankshares, Inc. December 4, 2013 Exhibit 99.1

  2. Slide 2: Forward-Looking Statements

    EVBS Colors 0 83 62 208 174 50 146 117 48 Forward - Looking Statements 2 Certain statements contained in this presentation that are not historical facts may constitute "forward - looking statements" within the meaning of Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of th

  3. Slide 3: Forward-Looking Statements (Continued)

    EVBS Colors 0 83 62 208 174 50 146 117 48 Forward - Looking Statements (Continued) 3 (ix) changes in laws, regulations and the policies of federal or state regulators and agencies ; (x) adverse reactions in financial markets related to the budget deficit of the United States government ; (xi) change

  4. Slide 4: Franchise Overview

    EVBS Franchise Overview

  5. Slide 5: Overview of Eastern Virginia Bankshares, Inc.

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 5 Overview of Eastern Virginia Bankshares, Inc. Source: SNL Financial Financial data as of 9/30/2013; Market data as of 11/29/2013 ROAA shown pre - TARP dividend (1) Company demographics weighted by county deposits (

  6. Slide 6: Overview of Capital Raise

    EVBS Colors 0 83 62 208 174 50 146 117 48 Overview of Capital Raise 6  $45.0 million capital raise closed on June 12, 2013 − 4.6 million common shares at $4.55 per share − 5.2 million shares non - voting mandatorily convertible non - cumulative Series B preferred stock at $4.55 per share − Castle C

  7. Slide 7: Rationale for the Capital Raise

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 Rationale for the Capital Raise Note: Written Agreement was with the Federal Reserve Bank of Richmond and Virginia State Corporation Commission Bureau of Financial Institutions • Allow for resolution of remaining pro

  8. Slide 8: Company Highlights

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 Company Highlights • Seasoned management team with longstanding customer relationships • Strong and stable core deposit base • Sizable entry point into greater Richmond and Eastern Virginia markets • Branch franchise

  9. Slide 9: Well-Positioned in Growth Markets

    EVBS Colors 0 83 62 208 174 50 146 117 48 Richmond MSA Branches: 9 Median household income: $55,712 Household income growth (1) : 14.3% Projected Population Growth (1) : 4.8% Well - Positioned in Growth Markets Source: SNL Financial and MapInfo Demographic data as of 6/30/2013 (1) Projected change f

  10. Slide 10: Market demographics and top banks in Richmond and Virginia Beach MSAs

    EVBS Colors 0 83 62 208 174 50 146 117 48 $30,000 $38,000 $46,000 $54,000 $62,000 EVBS Franchise EVBS Non- Richmond Franchise EVBS Richmond Franchise VA National 9.0% 11.0% 13.0% 15.0% 17.0% EVBS Franchise EVBS Non- Richmond Franchise EVBS Richmond Franchise VA National 1.00% 2.00% 3.00% 4.00% 5.00%

  11. Slide 11: Deposit market share rankings

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 Rank Institution Branch Count Deposits in Market ($M) Market Share (%) 1 Eastern Virginia Bankshares Inc. 22 863 19.7 2 BB&T Corp. 11 718 16.4 3 Union First Market Bankshares Corp. 12 454 10.4 4 Wells Fargo & Co. 7 4

  12. Slide 12: Attractive Core Deposit Base

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 Attractive Core Deposit Base 12 Core Deposit Composition (1) Source: SNL Financial Note: VA Peers include public banks and thrifts traded on a major exchange and headquartered in Virginia with assets between $50 0 mi

  13. Slide 13: Appendix Financial Results

    Appendix Financial Results

  14. Slide 14: Year to Date Snapshot

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 Year to Date Snapshot 14 As of and for the Nine Months Ended September 30, (dollars in thousands) 2013 2012 Total assets $ 1,033,057 $ 1,057,770 Loans, net of unearned income 662,625 703,156 Investment securities (AF

  15. Slide 15: Year to Date Selected Financial Ratios

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 Year to Date Selected Financial Ratios 15 September 30, Financial 2013 2012 Return on average assets (ROA) (0.74)% 0.18% Return on average common shareholders’ equity (ROE) (9.84)% 2.56% Net interest margin (tax equi

  16. Slide 16: Asset Quality Comparison (Year over Year)

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 Asset Quality Comparison (Year over Year) 16 September 30, (dollars in thousands) 2013 2012 Total loans $ 662,625 $ 703,156 Other real estate owned 1,203 6,577 Total loans and other real estate owned $ 663,828 $709,7

  17. Slide 17: Asset Quality Trends

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 0.31% 1.89% 1.32% 1.32% 0.84% 1.35% 0.77% 0.68% 0.76% 0.53% 0.50% 0.31% 0.19% 0.16% 0.00% 0.40% 0.80% 1.20% 1.60% 2.00% 2009Y 2010Y 2011Y 2012Y 2013Q1 2013Q2 2013Q3 2.74% 4.77% 5.07% 2.41% 2.12% 1.44% 1.14% 1.83% 2.6

  18. Slide 18: Asset Quality Criticized and Classified Loans

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 Asset Quality Criticized and Classified Loans 18  Since the end of 2011, Criticized loans have decreased 33.2% and classified loans have decreased 47.5% $149,620 $154,756 $148,802 $138,473 $129,875 $121,670 $113,668

  19. Slide 19: Appendix Online - Mobile - Digital

    Appendix Online - Mobile - Digital

  20. Slide 20: Where We Are

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 Where W e Are  Enhanced Consumer & Business Online Banking - 4Q11  Mobile Banking 1Q12  Redesigned Website – SEO, Sales, Experience Focus - 140%+ organic search displays increase, 240%+ increase in organic clicks

  21. Slide 21: Trends and Future Opportunities

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 Trends and Future Opportunities  Mobile Optimized Website – 3Q13  200% Increase in Monthly Mobile Banking Enrollment  Leverage Native Capabilities  Product Information & Lead Generation  Mobile Banking Smartphon

  22. Slide 22: Appendix Strategic Initiatives

    Appendix Strategic Initiatives

  23. Slide 23: Remainder 2013 & 2014: Balance Sheet Optimization

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 Remainder 2013 & 2014 23  Balance Sheet Optimization Strategies − Prepaid $107.5 million of long - term FHLB Advances (3Q 2013) − Restructure Investment Portfolio to optimize asset/liability mix (4Q 2013 - 1Q 2014)

  24. Slide 24: Remainder 2013 & 2014: TARP, Written Agreement, Growth

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 Remainder 2013 & 2014 24  TARP − US Treasury finalized its auction in October 2013 and sold all 24,000 shares for gross proceeds of $26.5 million − Target for redemption as soon as possible  Written Agreement − For

  25. Slide 25: Appendix

    Appendix Appendix

  26. Slide 26: Loan Portfolio Composition

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 Loan Portfolio Composition 26 Commercial, Industrial and Agricultural $ 48,343 Residential Real Estate 323,293 Real Estate Construction 38,541 Commercial Real Estate 231,729 Consumer / Other 20,719 Total Loans $ 662,

  27. Slide 27: Investment Portfolio (AFS) Composition

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 Investment Portfolio (AFS) Composition 27 As of September 30, 2013 Securities by type Amount ($000) Obligations of U.S. Government Agencies $ 13,628 SBA Pool securities 92,185 Agency mortgage - backed securities 28,7

  28. Slide 28: Deposit Composition

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 Deposit Composition 28 As of September 30, 2013 Deposits by type Amount ($000) Demand Deposits $136,835 NOW (includes Reward Checking) 248,871 Money Market 112,616 Savings 90,471 Time Deposits < $100 thousand 128,554

  29. Slide 29: Non-GAAP Financial Information

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 Non - GAAP Financial Information The Company prepares its financial statements under accounting principles generally accepted in the United States of America, or “GAAP”. However, this investor presentation also refer

  30. Slide 30: Reconciliation of Non-GAAP Financial Measures

    EVBS Colors 0 83 62 208 174 50 146 117 48 EVBS Colors 0 83 62 208 174 50 146 117 48 Reconciliation of Non - GAAP Financial Measures 30 (1) Assumes the full conversion into common stock of the Company's 5,240,192 shares of non - voting mandatorily convertible non - cumulative Series B Preferred Stock

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