Poage Bankshares — Investor Presentation (April 2014)
13 slides from Poage Bankshares's investor presentation, Apr 30, 2014
Slide 1: April 30, 2014 Investor Presentation
April 30, 2014 Investor Presentation
Slide 2: General Information and Limitations
2 General Information and Limitations Cautionary Statement Regarding Forward - Looking Information Certain statements contained herein are “forward - looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forwa
Slide 3: History of PBSK
• Home Federal Savings and Loan Association was originally founded in February 1889 and operated as a traditional mutual thrift until 2011 • On September 12, 2011, the Company completed a mutual to stock conversion, and created the holding company Poage Bankshares , Inc. (NASDAQ: PBSK) PBSK raised
Slide 4: Branch Footprint
Source: SNL Financial, MapPoint. Note: Branch map includes one loan production office located in Cincinnati, OH. 4 Branch Footprint PBSK (11 Branches)
Slide 5: Overview of Initial Public Offering
0 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 $10.00 $11.00 $12.00 $13.00 $14.00 $15.00 $16.00 Volume (Actual) Stock Price ($) PBSK (+44.1%) PBSK Volume Source: SNL Financial, data as of 12/31/2013. Market data as of 4/25/2014. 5 Overview of Initial Public Offering Stock Price Perfor
Slide 6: Strategic focus change under new CEO
• Over the past few years, PBSK has significantly changed its strategic focus • PBSK hired Gene Coffman Jr. as President & Chief Executive Officer in May 2012, who has a strong history of growing banks organically as well as through acquisitions while simultaneously creating shareholder value – Duri
Slide 7: PBSK's Focus on Strategic Direction
• PBSK has shifted from a traditional 1 - 4 family lender to a more commercial bank like operation – As indicated below, 1 - 4 Family loans recently decreased from 81% to 58% and total CDs decreased from 69% to 51% Source: SNL Financial, SEC Filings, Company Management. Note: Estimated pro forma loa
Slide 8: Capital Management Strategies
• PBSK has followed a three - pronged approach towards capital management since going public in September 2011 – Share Repurchases On November 20, 2013, PBSK announced a third stock repurchase program to purchase up to 12,650 shares of issued and outstanding common stock Since its conversion, PB
Slide 9: Acquisition of Town Square Financial Corporation
Source: SNL Financial, SEC Filings, Company Management. Deposit market share data as of 6/30/2013. Note: Transaction multiples are calculated based on 12/31/2013 financials. Note : Only largest county and MSA (by deposits) where PBSK is located are illustrated above. Prior to the acquisition of Town
Slide 10: Benefits of Town Square Acquisition
• Created size and scale in its current market area with a number one deposit position within its primary market of Boyd County, KY • Entered attractive Lexington market area • Utilized excess capital generating an internal rate of return in excess of 20% • Projected EPS accretion in first full year
Slide 11: Future Growth Strategy
• PBSK plans on continuing its three - pronged approach towards capital management – Share Repurchases – Pay dividends to common shareholders – Organic growth as well as strategic acquisitions • Continue to diversify its loan portfolio through its commercial real estate and commercial business lendi
Slide 12: Ralph E. "Gene" Coffman, Jr., President & Chief Executive Officer
Ralph E. “Gene” Coffman, Jr. President & Chief Executive Officer Ralph E . Coffman has served as President and Chief Executive Officer of Poage Bankshares , Inc . and Home Federal Savings and Loan Association since May 2012 . Mr . Coffman most recently served as Interim Chairman and Chief Executive
Slide 13: Strong Corporate Governance Profile
Strong Corporate Governance Profile 13 Corporate Governance Poage Corporate Governance Bankshares, Inc. Board comprised entirely of independent directors other than CEO and former CEO (7 out of 9) YES Separate roles of Chairman and CEO YES Compensation, Audit and Nominating Committees comprised sole
Poage Bankshares — Investor Presentation (April 2014) on 6ix