Juniata Valley Financial Corp. · OTC:JUVF
Juniata Valley Financial — Shareholder Meeting (May 2013)
42 slides from Juniata Valley Financial's shareholder meeting presentation, May 20, 2013
Slide 1: Annual Shareholders Meeting 2013
Annual Shareholders Meeting 2013
Slide 2: Forward-looking statements
The 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 release, Juniata Valley is making forward - looking statements . Such inform
Slide 3: Chairman of the Board of Directors Philip E. Gingerich, Jr.
Chairman of the Board of Directors Philip E. Gingerich, Jr.
Slide 4: President and Chief Executive Officer Marcie A. Barber
President and Chief Executive Officer Marcie A. Barber
Slide 5: Juniata Valley Financial Corp. Positioning for Prosperity
Juniata Valley Financial Corp. Positioning for Prosperity
Slide 6: 2012 was a very good year....
“2012 was a very good year....”
Slide 7: Management efforts to position the franchise for prosperity
“Despite continued challenges in credit quality and earning asset growth, our management team furthered efforts to position your franchise for prosperity.” What did we do?
Slide 8: Executive Vice President and Chief Financial Officer JoAnn N. McMinn
Executive Vice President and Chief Financial Officer JoAnn N. McMinn
Slide 9: Key Financial Ratios
Key Financial Ratios For Year 2011 For Year 2012 Q1 2013 Return on Average Assets 1.05% 0.80% 0.90% Return on Average Equity 9.29% 7.33% 8.05% Net Interest Margin (fully tax equivalent) 3.97% 3.68% 3.50% Loan Loss Provision as % of Average Assets 0.08% 0.31% 0.07% Non - Interest Income as % of Avera
Slide 10: Quarterly Net Income Results
Quarterly Net Income Results - 200 400 600 800 1,000 1,200 1,400 2011 2012 2013 Qtr 1 Qtr 2 Qtr 3 Qtr 4
Slide 11: Most Direct Local Competitors
Most Direct Local Competitors “Selected Local Peers” • FMFP – First Community Financial Corp. • KISB – Kish Bancorp • MPB – Mid Penn Bancorp • MIFF – Mifflinburg B&T • NUBC – Northumberland Bancorp • ORRF – Orrstown Financial Services • FNB – FNB of Pennsylvania – Group of 7 Broad Group of Similar S
Slide 12: Quarterly Performance Comparison: Return on Average Assets
Quarterly Performance Comparison Return on Average Assets (0.60) (0.40) (0.20) - 0.20 0.40 0.60 0.80 1.00 1.20 2011Q4 2012Q1 2012Q2 2012Q3 2012Q4 2013Q1 JUVF Average Local Peers Average Group PA Banks 300M to 1Billion
Slide 13: Quarterly Performance Comparison: Return on Average Equity
Quarterly Performance Comparison Return on Average Equity (4.00) (2.00) - 2.00 4.00 6.00 8.00 10.00 12.00 2011Q4 2012Q1 2012Q2 2012Q3 2012Q4 2013Q1 JUVF Average Local Peers Average Group PA Banks 300M to 1Billion
Slide 14: Quarterly Performance Comparison: Net Interest Margin
Quarterly Performance Comparison Net Interest Margin (fully tax equivalent) 2.00 2.50 3.00 3.50 4.00 4.50 2011Q4 2012Q1 2012Q2 2012Q3 2012Q4 2013Q1 JUVF Average Local Peers Average Group PA Banks 300M to 1Billion
Slide 15: Quarterly Performance Comparison: Loan Loss Provision
Quarterly Performance Comparison Loan Loss Provision as % of Average Assets - 0.20 0.40 0.60 0.80 1.00 1.20 1.40 2011Q4 2012Q1 2012Q2 2012Q3 2012Q4 2013Q1 JUVF Average Local Peers Average Group PA Banks 300M to 1Billion
Slide 16: Quarterly Performance Comparison: Non-Interest Income
Quarterly Performance Comparison Non - Interest Income as % of Average Assets 0.40 0.50 0.60 0.70 0.80 0.90 1.00 1.10 1.20 2011Q4 2012Q1 2012Q2 2012Q3 2012Q4 2013Q1 JUVF Average Local Peers Average Group PA Banks 300M to 1Billion
Slide 17: Quarterly Performance Comparison: Non-Interest Expense
Quarterly Performance Comparison Non - Interest Expense as % of Average Assets 2.00 2.20 2.40 2.60 2.80 3.00 3.20 3.40 3.60 2011Q4 2012Q1 2012Q2 2012Q3 2012Q4 2013Q1 JUVF Average Local Peers Average Group PA Banks 300M to 1Billion
Slide 18: Credit Quality Statistics
Credit Quality Statistics • High Focus on Reduction and Prevention of Non - Performing Assets. • Definition of Non - Performing Asset – Loan that has been placed in non - accrual status. – Loan that is accruing but is more than 90 days delinquent in scheduled payments. – Performing loan that is a tr
Slide 19: Quarterly Comparison: Non-Performing Assets as % of Equity
Quarterly Comparison Non - Performing Assets as % of Equity (includes Non - Accrual, OREO, TDR and 90 Day Delinquencies still Accruing) 5.00 7.00 9.00 11.00 13.00 15.00 17.00 19.00 21.00 23.00 25.00 2011Q4 2012Q1 2012Q2 2012Q3 2012Q4 2013Q1 JUVF Average Local Peers Average Group PA Banks 300M to 1Bi
Slide 20: Capital Strength
Capital Strength • Regulatory Measurement of Capital Adequacy • JUVF Capital levels support the level of dividends being maintained. The dividend yield is among the highest, as depicted on a slide to follow • Total Return on Investment continues to be strong in comparison to both peer groups.
Slide 21: Quarterly Comparison: Risk Based Capital Ratio
Quarterly Comparison Risk Based Capital Ratio 10.00 12.50 15.00 17.50 20.00 2011Q4 2012Q1 2012Q2 2012Q3 2012Q4 2013Q1 JUVF Average Local Peers Average Group PA Banks 300M to 1Billion
Slide 22: Stockholder Total Return – Assumptions
Stockholder Total Return – 5 Year Assumptions • Investment made on 12/31/2007 • Selected Local Peers Include: – FMFP – First Community Financial Corp. – KISB – Kish Bancorp – MPB – Mid Penn Bancorp – MIFF – Mifflinburg B&T – NUBC – Northumberland Bancorp – ORRF – Orrstown Financial Services – FNB –
Slide 23: Five Year Historical Comparison: Dividend Yield
Five Year Historical Comparison Dividend Yield 0.00 1.00 2.00 3.00 4.00 5.00 6.00 2008 2009 2010 2011 2012 2013 Q1 Juniata Valley Financial Corp. Average Local Peers Average Group PA Banks 300M to 1Billion
Slide 24: Five Year Total Return vs National Index and Local Peers
12/31/2007 – 12/31/2012 Stock – Five Year Total Return Performance Compared to National Index and Selected Local Peers
Slide 25: Five Year Total Return vs All US Banks and Local Peers
12/31/2007 – 12/31/2012 Stock – Five Year Total Return Performance Compared to All Banks in United States and Selected Local Peers
Slide 26: Five Year Total Return vs Similar Sized Banks and Local Peers
12/31/2007 – 12/31/2012 Stock – Five Year Total Return Performance Compared to Similar Sized Banks in United States and Selected Local Peers
Slide 27: President and Chief Executive Officer Marcie A. Barber
President and Chief Executive Officer Marcie A. Barber
Slide 28: Growing the franchise through integration of financial products and services
“We grow the franchise by committing to our clients through the horizontal integration of financial products and services.”
Slide 29: Products and Services
Products and Services Loans Deposits Wealth Management Trust Services Retirement Planning Debt Management Financial Recordkeeping Electronic Services Business Valuation
Slide 30: Growing the franchise by connecting to our markets
“We grow the franchise by first connecting to our markets and then meeting their needs.”
Slide 31: Community involvement
FINE ARIS mE ES ocho atin Eo FOOD PANTRIES: ca wer
Slide 32: Slide 32
Slide 33: Offering services valued by present and future customers
“ We grow the franchise by offering services valued by our present and future customers .”
Slide 34: Online banking
‘Juniata Valley Bank va@lw More Log Drag an account to start: A nejoniata Valley Bank i Save my User 1D P| Se Locations Contact Website
Slide 35: I overheard a conversation……
I overheard a conversation……
Slide 36: We grow the franchise by investing in our people
“We grow the franchise by investing in our people.”
Slide 37: Slide 37
Slide 38: Refining and re-defining who we are
We grow the franchise by refining and re - defining who we are and by sharing it with you.
Slide 39: You may notice something a little different
YOU MAY NOTICE SOMETHING A LITTLE DIFFERENT.
Slide 40: New Juniata Valley Bank branding
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Slide 41: May we help you?
May we help you? YOUR MORTGAGE ° WITH av. AT A At The Juniata Valley Bank www.jvl REFINANCING YOUR 1.888 CURRENT LOAN ADDS UP TO SAVINGS! A I IS N DRE ANYMORE. ‘At The Juniata Valley Bank OUR GREAT RATES ON HOME LOANS MAKE IT A REALITY!
Slide 42: Juniata Valley Financial Corp. Positioning for Prosperity
Juniata Valley Financial Corp. Positioning for Prosperity
Juniata Valley Financial — Shareholder Meeting (May 2013) on 6ix