Juniata Valley Financial Corp. · OTC:JUVF
Juniata Valley Financial — Shareholder Meeting (May 2021)
22 slides from Juniata Valley Financial's shareholder meeting presentation, May 18, 2021
Slide 1: Juniata Valley Financial Corp. 2021 Annual Meeting: Weathering The Storm
JUNIATA VALLEY FINANCIAL CORP. 2021 ANNUAL MEETING MAY 18, 2021 Weathering The Storm 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 Tellers • Nominations • Management’s Presentation –“Weathering The Storm” • Questions/Comments • Voting Tabulation • Adjournment
Slide 4: Board of Directors
Board of Directors • Chairman, Timothy I. Havice • Vice Chairman, Philip E. Gingerich, Jr. • Bradley J. Wagner • Marcie A. Barber • Martin L. Dreibelbis • Gary E. Kelsey • Michael A. Buffington • Dr. Richard M. Scanlon
Slide 5: 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 Tellers • Nominations • Management’s Presentation –“Weathering The Storm” • Questions/Comments • Voting Tabulation • Adjournment
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: Weathering The Storm
Weathering The Storm President and CEO Marcie A. Barber EVP and CFO JoAnn McMinn
Slide 8: Restructured Balance Sheet
Restructured Balance Sheet With a goal to decrease sensitivity to interest rate movements, in April, we executed a three-pronged strategy to lower the cost of funds and improve balance sheet efficiency. • We prepaid what had become high-cost borrowings with the recent reductions in rates and used ga
Slide 9: Response to Pandemic
Response to Pandemic • Ready with prepared Business Continuity Plan • Critical personnel separated • Remote work locations • Closed branch lobbies, while maintaining drive-thru service • Reduced staffing through furloughs and temporary re-assignments
Slide 10: Assisted Community
Assisted Community • Paycheck Protection Program (PPP) • COVID-19 related loan payment deferrals • Offered virtual and/or social distanced personal meetings with customers to stay connected and allay concerns • Expanded drive-thru hours at branch locations • Enhanced on-line services • Initiated “ch
Slide 11: Ten Year Growth in Assets
Ten Year Growth in Assets $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 $750,000 $800,000 $850,000 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Q1 2021 At Period End, In thousands $
Slide 12: Diversified Deposit Base
Diversified Deposit Base 27.4% 19.8% 9.5% 20.5% 22.7% Deposit Stratification as of March 31, 2021 Non-Interest Bearing Demand Interest Bearing Demand Money Market Savings Time Deposits • Stable and Growing Core Deposit Base • Deposits boosted by government stimulus payments • Stratification remains
Slide 13: Loan Diversification
Loan Diversification 31.6% 9.3% 34.6% 10.4% 8.1% 4.6% 1.4% Loan Segments as of March 31, 2021 Construction Loans Commercial Business Commercial Real Estate Real Estate Mortgage PPP Municipal Personal Consumer • Stable Loan Segmentation • Paycheck Protection Program (PPP) loans • Round One production
Slide 14: COVID-19 Related Loan Payment Deferrals
COVID-19 Related Loan Payment Deferrals • At the Peak of Deferment – September 30, 2020 • $90.5 million in total outstanding loans granted deferrals • As of March 31, 2021, only one loan remaining in deferment status. in thousands Peak 30-Sep-20 31-Dec-20 31-Mar-21 721110 - Hotels 11 $ 20,408 1 $ 14
Slide 15: Credit Quality and Coverage
Credit Quality and Coverage • Strong Reserves 0.50% 0.55% 0.11% 0.08% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% YE 2018 YE 2019 YE 2020 Q1 2021 Non-Performing Loans as % of Total Loans 0.76% 0.98% 1.23% 1.18% 0.70% 0.80% 0.90% 1.00% 1.10% 1.20% 1.30% YE 2018 YE 2019 YE 2020 Q1 2021 Total Reserves fo
Slide 16: Capital and Liquidity
Capital and Liquidity Bank and Holding Company maintain historical strong capital JVB considered to be “well-capitalized” under BASEL III standards for Risk-Based Capital (RBC) • JVB Tier One RBC as of March 31, 2021 = 13.6% vs. Minimum under BASEL III Standard for Well-Capitalized Bank of 6% • JVB
Slide 17: Full Year 2020 and Q1 2021 Financial Results
Full Year 2020 and Q1 2021 Financial Results 2020 Key Influencers • Economic downturn due to coronavirus reflected in: • Provision for Loan Losses • Reduction in customer service fees • Compensation expense • Margin compression due to: • significant reduction in fed funds target and prime rate • pro
Slide 18: Looking Ahead for 2021
Looking Ahead for 2021 Refer to Forward-Looking Statement Disclaimer
Slide 19: Moving Forward
• Economic uncertainty remains • JUVF delivered strong financial performance in Q1 2021 • Net income increased 57.5% over Q1 2020 • Earnings per share increased 50% over Q1 2020 • Return to “Modified Normal” • Continued expansion of mobile platform • Now offering on-line deposit origination in 2021
Slide 20: Questions / Comments
Questions / Comments Note that this presentation has been recorded and will be available for one year on our Investor Website Additionally, this presentation has been filed with the SEC on a Form 8-K
Slide 21: Vote Tabulation Report
Vote Tabulation Report Lisa Snyder
Slide 22: Meeting Adjournment
JUNIATA VALLEY FINANCIAL CORP. 2021 ANNUAL MEETING MAY 18, 2021 Meeting Adjournment
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