Muncy Columbia Financial Corporation · OTC:CCFN
Muncy Columbia Financial — Shareholder Meeting (April 2024)
30 slides from Muncy Columbia Financial's shareholder meeting presentation, Apr 23, 2024
Slide 1: Annual Meeting of Shareholders April 23, 2024
Annual Meeting of Shareholders April 23, 2024
Slide 2: Cautionary Statement Regarding Forward-Looking Information
CAUTIONARY STATEMENT REGARDING FORWARD - LOOKING INFORMATION This presentation contains forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, regarding our outlook or expectations relating to our future business, operations, financial co
Slide 3: Senior Management Team
Senior Management Team Jeffrey T. Arnold, CPA, CIA Senior Executive Vice President of Finance and Risk Management Tammy L. Gunsallus Senior Executive Vice President of Retail, Operations and Mortgages Matthew E. Beagle Executive Vice President and Chief Wealth Management Officer Beth A. Benson Execu
Slide 4: Senior Management Team
Senior Management Team Stephanie A. Oakes Executive Vice President and Chief Operations Officer Joseph K. O’Neill, Jr., CPA Executive Vice President and Chief Financial Officer Paul K. Page Executive Vice President and Chief Lending Officer Kevin Weinhoffer Executive Vice President and Chief Commerc
Slide 5: Bank Counsel
Bank Counsel Dean H. Dusinberre, Esquire Stevens & Lee
Slide 6: Independent Registered Public Accountants
Independent Registered Public Accountants Gregory J. Faulk, CPA, MBA Assurance Principal S.R. Snodgrass, P . C.
Slide 7: 2023 Financial Review
2023 Financial Review
Slide 8: What would a successful bank merger look like?
What would a successful bank merger look like? Preserve the legacy and storied histories of both banks Journey Bank / Muncy Columbia Financial Corporation Maintain Local Community Bank Officers and Employees Board of Directors Provide long - term success for: Shareholders Customers
Slide 9: BIG CHANGE
BIG CHANGE BE A CHAMPION OF CHANGE
Slide 10: Deposits, Assets, Investments
Deposits, Assets, Investments (In Millions) $0 $250 $500 $750 $1,000 $1,250 $1,500 $1,750 2019 2020 2021 2022 2023 Deposits - $1,150,669 Assets - $1,639,779 Investments - $424,991,000
Slide 11: Historical Treasury Yield Curve 1960 to Present
Historical Treasury Yield Curve 1960 to Present 0.00% 3.00% 6.00% 9.00% 12.00% 15.00% 1960 1962 1964 1966 1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 Yield as of March 2024 1yr – 4.99% 3yr – 4.38% 10
Slide 12: Loans (Gross, In Millions)
Loans (Gross, In Millions) $1,068,795,000 $1,200 $1,100 $1,000 $900 $800 $700 $600 $500 $400 $300 $200 $100 2023 2022 2021 2020 2019 $0
Slide 13: Loan Delinquencies and Non-Accruals
0.92% at 12/31/19 0.74% at 12/31/20 0.60% at 12/31/21 0.67% at 12/31/22 1.58% at 12/31/23 1.25% at 03/31/24 Loan Loss Reserve of $9.302 million at 12/31/23 Loan Delinquencies and Non - Accruals
Slide 14: Net Income (In Thousands)
Net Income (In Thousands) $10,000 $9,000 $8,000 $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 2019 2020 2021 2022 2023 $3,387,000
Slide 15: Net Interest Margin
Net Interest Margin 2023 2022 2021 2020 2019 2.34% 2.55% 2.58% 2.97% 3.24% Net Interest Margin * * Represents net interest income as a percentage of average total interest - earning assets, calculated on a tax - equivalent basis.
Slide 16: Financial Services/Brokerage Total Revenue
Financial Services/Brokerage Total Revenue $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 2019 2020 2021 2022 2023 $600,000 $630,000 $599,000 $597,000 $636,000
Slide 17: Trust Services Total Revenue
Trust Services Total Revenue ** $800,000 $900,000 $1,000,000 $703,000 * $826,000 * $901,000 * $845,000 * $885,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 2023 2022 2021 2020 2019 $100,000 $67,250 $25,959 $8,750 $3,000 $1,167 * Includes Estate Administration Revenue of: ** Trust Departm
Slide 18: Trust Purchase
Trust Purchase Signed Agreement with Ephrata National Bank on March 1, 2024 to purchase Muncy Bank Trust relationships previously sold to Ephrata Christine A. Zanis, Senior Vice President and Director of Trust Services Offering a wide array Trust Services Trusts Investment Management Est
Slide 19: Stockholder's Equity (In Millions)
Stockholder’s Equity (In Millions) $170 $160 $150 $140 $130 $120 $110 $100 $90 $80 $70 $60 $50 $40 $30 $20 $10 2023 2022 2021 2020 2019 $0 Equity $153,825,000 Total Equity before AOCI $168,861,000
Slide 20: Per Share Data
Per Share Data 2023 2022 2021 2020 2019 $1.49 $4.58 $4.53 $4.47 $4.22 Earnings per share (1) $1.71 $1.67 $3.13 ($1.50 per share special dividend $1.59 $1.55 Cash dividends declared per share July 22, 2021 $43.09 $41.34 $50.21 $50.90 $47.45 Book value per share $32.58 $37.52 $46.39 $47.08 $43.68 Tang
Slide 21: First Quarter 2024 Financial Review
First Quarter 2024 Financial Review
Slide 22: First Quarter 2024 Results
First Quarter 2024 Results Cash dividend increased to $0.44 per share compared to $0.42 per share in the first quarter 2023 Net income was $4,036,000 or $1.13 per share compared to $1,940,000 or $0.93 per share in the first quarter 2023 $10,000 $9,000 $8,000 $7,000 $6,000 $5,000 $4,000 $3,000 $2
Slide 23: First Quarter 2024 Results
First Quarter 2024 Results Return on average assets was 1.02% compared to 0.82% in the first quarter 2023 Return on average equity was 10.52% compared to 8.94% in the first quarter 2023
Slide 24: Competitors of Interest – Stock Values
Competitors of Interest – Stock Values Within 25 - mile radius of Journey Bank branch and $1.0 - $3.0 Billion in Total Assets PRICE CHANGE (%) 16 - Apr - 24 14 - Oct - 22 FINANCIAL INSTITUTION (33.41) 30.00 45.05 CCFN - Share Price (Daily) (27.30) 17.52 24.10 PWOD - Share Price (Daily) (36.27) 44.
Slide 25: Journey Bank Locations
Journey Bank Locations
Slide 26: Signature Event – Journey Bank Teen Star Musical Competition
Signature Event – Journey Bank Teen Star Musical Competition 14 Continuous Years 156 Finalists $65,000 in Prize Money $47,000 to Local High School Music Departments $200,000 EITC contribution for Tech Theater Production Curriculum
Slide 27: Journey Bank Crosscutters Ballpark
Journey Bank Crosscutters Ballpark
Slide 28: Guest Speaker
Guest Speaker 30 Years in banking With The Kafafian Group since founding in 2001 Consulting Firm (financial advisory, mergers and acquisitions) Strategic Planning Process and Profit Improvements for Banks Jeffrey P. Marsico, President The Kafafian Group, Inc.
Slide 29: Questions???
Questions???
Slide 30: Thank you for attending the 2024 Annual Meeting of Shareholders!
Thank you for attending the 2024 Annual Meeting of Shareholders!
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