TIBB Special Meeting of Shareholders

8/14/2019 TIBB Special Meeting of Shareholders

1/23

Special Meeting of

ShareholdersWednesday, September 23, 2009

Marriott Key Largo

presented by

Thomas J. LongeVice Chairman, Chief Executive Officer & PresidentTIB Financial Corp.


2/23

Except for historical information contained herein,

the statements made in this presentation constitute

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 statements involve certain risks and uncertainties,

including statements regarding the Companys strategic direction,

prospects and future results. Certain factors,

including those outside the Companys control, may cause actual

results to differ materially from those in the forward-lookingstatements, including economic and other conditions in the markets

in which the Company operates; risks associated with acquisitions,

competition, seasonality and the other risks discussed

in our filings with the Securities and Exchange Commission, whichdiscussions are incorporated in this presentation by reference.

2


3/23

TIB Financial Corp.

is the third largest publicly traded

bank holding companyin Florida.

(NASDAQ: TIBB)

Subsidiaries

3


4/23

Economic Conditions

Unemployment Rate

Median Home Value

Source: Bureau of Labor Statistics

4

Source: US Census Bureau, American Fact Finder.

National Association of Realtors


5/23

Economic Conditions

Personal Consumption

Annualized Growth Rate

GDP Annualized Growth Rate

Source: Bureau of Economic Analysis

Source: Bureau of Economic Analysis

5


6/23

Economic Conditions

Consumer

Sentiment

Stock Market Wealth($8 trillion loss from peak)

Source: University of Michigan

Source: WSJ

6


7/23

Economic ConditionsPrime Rate

Source: WSJ

7


8/23

Company Overview One of the oldest community banks in Florida;

established in 1974 in Islamorada.

Founded on the principle of providing exceptionalattention to the needs of our customers.

Headquartered in Naples, Florida, with $1.8 billion

in total assets. Now operates in 28 locations in 5 Florida counties

with ~ 60,000 customers and 125,000 accounts.

We are well-capitalized, safe, and sound.

Our focus is on quality service to locally-basedbusinesses, individuals, and families.

8


9/23

Current Franchise

Overview

9

3rd Largest Publically Traded Bank Holding

Company Headquartered in the State of

Florida. Largest community bank in the Florida

Keys, Cape Coral, and Venice.

24% of market share in the Florida Keys.

Increasing market share and presence in

Southwest Florida.

28 Locations.

Florida Keys (9)

Homestead (2)

Collier County (3) Lee County (9)

Sarasota County (5)


10/23

Financial Highlights

$300

$600

$900

$1,200

$1,500

$1,800

$2,100

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Q2 2009

392.1439.3

494.1567.1

669.3

829.3

1,076.1

1,319.1

1,444.7

1,610.1

1,797.1

36%

As of 06/30/2009

($ in millions)

10

Asset

Growth

$300

$600

$900

$1,200

$1,500

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Q2 2009

346.9392.4

415.7482.7

553.8

687.9

920.4

1,029.5 1,050.0

1,135.7

1,394.8

35%

$200

$400

$600

$800

$1,000

$1,200

$1,400

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Q2 2009

290.6315.6

379.1

441.7

538.6

653.5

882.4

1,063.9

1,127.7

1,223.31,238.4

16%

Deposit

GrowthLoan

Growth

-$25

-$20

-$15

-$10

-$5

$0

$5

$10

$15

2002 2003 2004 2005 2006 2007 2008 Q1 2009 Q2 2009

4.7 5.1 5.2

7.2

9.2

-2.4 -21.1 -4.2 -4.9

Net Income


11/23

Strategic Positioning To maximize shareholder value, we are managing the

company over a 5-10 year horizon to be the premiercommunity banking institution in all of our markets.

Focusing on middle market commercial banking.

Owner-operated commercial real estate.

Financing operating business.

Underwriting based on cash flow.

Investing to diversify our revenue sources.

Expanding our portfolio of products and services to serveour affluent markets.

Optimizing our organic opportunities and enhancingfinancial performance.

11


12/23

Y-T-D Q2 09 Performance

12


13/23


14/23

Significant Developments Acquired Naples Capital Advisors and now provide Wealth Management

Services Private Banking and Trust Services.

Completed a state-of-the-art data center delivering bank and technical

services to our customers and employees typically not found at a bank

of our size.

Strategic Partnership raised $10.1 million from two leading Florida

families and their related business interests.

Received $37 million of perpetual preferred stock investment by the

U.S. Treasury Departments Capital Purchase Program.

Assumed $317 million of deposits and operations of nine Riverside Bank

of the Gulf Coast offices. Significantly enhanced our market presence in

Ft. Myers and Venice and provided a strong entrance into the contiguousCape Coral market. As of August 31, 2009, 88.8% of those deposits have

been retained.

14


15/23

Significant Developments Implemented a 3-year training program to improve TIBs sales culture.

Entered a memorandum of understanding with regulators on July 2,

2009, agreeing to move in good faith to raise its capital ratios to thehigher levels by Dec. 31, 2009. TIB Banks Tier 1 leverage capital ratio

was 6.5 percent and its total risk-based capital ratio was 10 percent.

Integrated Bank of Venice in September 2009, providing synergy,

renewed marketing focus and economies of scale to the organization.

15


16/23

Peer Comparisonas of 6/30/09

Percentages represent companys non-performing loans to total loans.

Orion - Orion Bancorp

BOFL - Bank of Florida Corporation

FLRB - Florida Community

CCBG - Capital City Bank Group

SBCF - Seacoast Banking Corp Florida

CSFL - Center State Banks of Florida

TIBB - TIB Financial Corp

16

Percentages represent companys non-performing assets to total assets.

Non-Performing Loans Non-Performing Assets


17/23

Peer Comparisonas of 6/30/09

17


18/23

Common Stock Proposal To increase authorized shares from 40,000,000 shares

to 100,000,000 shares to facilitate the Companys

ability to raise additional capital and for other corporatepurposes, which will allow us to fulfill a requirement of

the MOU.

18


19/23

Capital Raise DescriptionTarget Capital Raise: $50-70 million

19


20/23

Key Future ObjectivesOur major focus is to:

Improve earnings, capital ratios and manage the Bank in a

safe and sound manner. In addition, provide long term superior shareholder returns.

Long term goal is to strive for:

Return on Assets to exceed 1%.

Return on Equity to exceed 12%.

Net Interest Margin to exceed 3.50%.

Total Assets of approximately $2.5 billion with a

28-30 branch network.

20


21/23

Key Future Objectives

21

Improve our operating performance and efficiency through the merger of

The Bank of Venice into TIB Bank, reduce leased office space utilized by

operations personnel and continually improve our operating expense

management. Adhere to safe and sound credit standards to maintain the quality of assets

as we continue to execute our growth strategy.

Improve our asset quality and reduce the level of non-performing assets

through continued close monitoring of the loan portfolio and collection andresolution efforts for non-performing assets.

Maintain a strong core deposit base to provide funding for lending and on

balance sheet liquidity to respond to potential market disruption and

volatility.

Continue to reduce our exposure to construction and land development

loans.


22/23

Key Future Objectives

22

Increase our net interest income and net interest margin through

disciplined loan and deposit pricing, focusing on the generation of new

relationship based loans and deposits, enhance our generation of lower

cost transaction accounts, utilize the Riverside deposits to fund new loansand maintain effective interest rate risk management.

Continue to expand and diversify non-interest income revenue sources

through the expansion and continued development of private banking,

wealth management and Naples Capital Advisors, Inc.

Enhance our market presence and market share in our existing

Southwest Florida markets through business development and marketing

and opportunistic expansion through new offices or acquisition.

Originate consumer loans principally on a direct basis to consumers withprime credit to diversify our sources of loans and revenue, enhance our

interest margin and continue to deemphasize the origination of auto

loans on an indirect basis through auto dealers.


23/23

23

Date post:	30-May-2018
Category:	Documents
Upload:	cale-smith
View:	225 times
Download:	0 times

TIBB Special Meeting of Shareholders

Documents