Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - ECB BANCORP INC | d8k.htm |
 KBW 2011
COMMUNITY BANK CONFERENCE
AUGUST 3, 2011
Exhibit 99.01 |
 Forward-Looking Statements
ECB Bancorp, Inc.
Statements in this presentation relating to plans, strategies, economic
performance and trends, projections of results of specific
activities or investments, expectations or beliefs about future events or results, and other statements that are not
descriptions of historical facts, may be forward-looking statements
within the meaning of the Private Securities Litigation Reform
Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and
uncertainties, and actual results could differ materially from
those currently anticipated due to a number of factors, which include, but are not limited to, risk factors discussed
in the Company's Annual Report on Form 10-K and in other documents
filed by the Company with the Securities and Exchange Commission
from time to time. Forward-looking statements may be identified by terms such as "may", "will",
"should",
"could",
"expects",
"plans",
"intends",
"anticipates",
"believes", "estimates", "predicts",
"forecasts", "potential" or "continue,"
or similar terms or the negative of these terms, or other statements concerning opinions or
judgments of the Company's management about future events.
Factors that could influence the accuracy of such
forward-looking statements include, but are not limited to
pressures on the earnings, capital and liquidity of financial
institutions in general, resulting from current and future conditions
in the credit and equity markets, the financial success or
changing strategies of the Company's customers, actions of government regulators, the level of market interest rates,
weather and similar conditions, particularly the effect of hurricanes
on the Company's banking and operations facilities and on the
Company's customers and the communities in which it does business, changes in general economic conditions
and the real estate values in our banking market (particularly changes
that affect our loan portfolio, the abilities of our borrowers
to repay their loans, and the values of loan collateral). Although the Company believes that the expectations
reflected in the forward-looking statements are reasonable, it
cannot guarantee future results, levels of activity, performance
or achievements. All forward-looking statements attributable to the Company are expressly qualified in
their entirety by the cautionary statements in this paragraph.
The Company has no obligations, and does not intend to update
these forward-looking statements. |
 ECB Bancorp
Profile ECB Bancorp, Inc.
•
Based in Engelhard, NC; East Carolina Bank founded in 1919
•
15
th
largest bank headquartered in North Carolina
o
$941 mm in assets as of 6/30/11
o
Target small to mid-sized businesses & individuals
•
Legacy of consistent growth and asset quality
o
Over 11% annual CGR of assets (organic) from 2001 to mid-2011
o
One of the lowest NPAs-to-total assets ratios of publicly traded banks in
NC o
25 offices in both coastal and inland markets with good demographics
o
Recently
announced
transaction
with
HamptonRoads
Bankshares
will
add five
branches and penetrate
several key new markets
•
Enhanced capital base and other key corporate strengths uniquely
position us to prosper and grow in the
current environment
o
Recently announced $75 million capital raise
o
Projected to boost equity-to-assets ratio from 6.9% to 11.5% on a pro
forma basis and total capital ratio from 13.45% to 15.7%.
o
Solid asset quality and additional capital allows us to build from a position of
strength •
Attractive footprint in Eastern NC |
 Key Corporate
Strengths ECB Bancorp, Inc.
•
Financial strength
•
Attractive/expanding market area
•
Proven leadership team
•
Aggressive growth plan |
 Financial
Strength - Capitalization
ECB Bancorp, Inc.
7/28/2011
Post Closing
•
Stock Symbol
–
ECBE (NASDAQ):
$13.30 per share
•
52 Week Range
$14.55 -
$10.41
•
Shares Outstanding
o
Common
2,849,841
7,537,341
o
TARP
$17,949
$0
•
Common Market Capitalization
$37.3 million
$98.9 million
•
Average Daily Volume 1 month
6,724 shares
•
Price to Tangible Book(6/30/11)
57.6%
81.1%
•
Capital Ratios
o
Leverage
8.38%
11.51%
o
Tier 1
12.17%
14.32%
o
Total Capital
13.45%
15.57% |
 Financial
Strength - Stable Core Funding
ECB Bancorp, Inc.
•
Approximately 15% of deposits are non-interest bearing deposits
•
Approximately 34% of our deposits are demand deposits
•
Most recent quarter average cost of demand deposits: 0.64%
•
Most recent quarter average cost of funds: 1.17%
December 31, 2007
June 30, 2011
Total Deposits: $526 million
Jumbo CDs
16.0%
Retail CDs
31.4%
Savings
5.1%
Demand -
noninterest
bearing
15.2%
Demand - interest
bearing
32.3%
Jumbo CDs
30.8%
Retail CDs
27.9%
Savings
3.5%
Demand -
noninterest
bearing
18.2%
Demand - interest
bearing
19.6%
Total Deposits: $813 million |
 Financial
Strength - Diversified Loan Portfolio
ECB Bancorp, Inc.
•
Approximately 82.7% of our portfolio is secured by real estate
•
Our top ten loan relationships account for only 10.3% of the total portfolio
in dollars
•
Most recent quarter average portfolio yield: 5.22%
•
Variable rate loans account for approximately 60% of our loan portfolio
•
Average loan size: $86,250
December 31, 2007
June 30, 2011
Gross Loans: $454 million
Gross Loans: $543 million
Commercial &
other
21.7%
Credit cards &
Related plans
0.4%
Consumer
3.2%
RE –
Commercial,
residential & other
53.3%
RE –
Construction,
land development
& other
21.3%
RE –
Commercial,
residential & other
66.8%
Consumer
3.2%
Credit cards &
Related plans
0.4%
Commercial & other
15.3%
RE –
Construction,
land development &
other
15.5% |
 Financial
Strength ECB Bancorp, Inc.
Overall Increase in Problem Assets Has Been Much Lower Than
Most Other Banks |
 Attractive/Expanding Market Area
ECB Bancorp, Inc.
•
25 locations in coastal and in-land
North Carolina markets
•
Pending purchase of five new Bank
of Hampton Roads branches allows
development into new areas
•
Intermediate target market (over
next 3 to 5 years) is a 200 mile arc
from Engelhard
•
Area would cover Richmond and
portions of VA, and westward in NC
to include Raleigh and Triangle
cities
•
Likely near-term de novo markets
include Raleigh, Durham, Chapel
Hill, Fayetteville, Jacksonville, New
Bern, and Elizabeth City |
 Dynamic Growth
Plan …Historical Growth Has Been Good
ECB Bancorp, Inc. |
 ECB’s
Growth Strategy ECB Bancorp, Inc. |
 Questions and
Answers ECB Bancorp, Inc. |
 New Leadership
Team ECB Bancorp, Inc.
•
A. Dwight Utz:
President & CEO
Key
Competencies:
Strategic
Leadership,
Retail
Banking
Expertise,
Sales
&
Service
Strategies,
Human
Resources
Management, Small Business Banking. Years in banking/financial services: 39
•
Thomas M. Crowder:
EVP & CFO
Key
Competencies:
Large
Regional
Bank
Experience,
Regulatory
and
Risk
Management,
Capital
Markets,
Mergers
& Acquisitions/Valuation, Entrepreneurial/Business Ownership Experience. Years
in banking/financial services: 33 •
James J. Burson:
EVP & Chief Revenue Officer
Key Competencies: P&L responsibility experience in Large Regional Bank,
Building Relationships Through Sales and Service, Strategic Planning,
Building Sustainable Revenue Growth. Years in banking/financial services: 28
•
T. Olin Davis:
EVP & Chief Credit Officer
Key Competencies: Disciplined, Conservative Philosophy, Strong Leadership,
Visionary, Key Reason For Strong Asset Quality. Only legacy member of
Executive Management Team. Years in banking/financial services: 34
•
Lorie Y. Runion:
Sr. VP & Chief Administrative Officer
Key competencies: Strategic Planning, Marketing, Human Resources, Talent
Development. Years in banking/financial services: 33
•
William S. Sampson:
Sr. VP & Chief Information Officer
Key competencies: Exceptional Technical Knowledge, M&A Integration,
Mobile Banking and Other Technology Based
Platforms
For
Delivering
Banking
Services,
Was
Key
Part
of
Recent
Core
Processing
Conversion.
Years
in
banking/financial services: 8 |
 Second Quarter
Earnings Release ECB Bancorp, Inc. |
 Second Quarter
Earnings Release ECB Bancorp, Inc. |
 Second Quarter
Earnings Release ECB Bancorp, Inc. |
 Second Quarter
Earnings Release ECB Bancorp, Inc. |
 Second Quarter
Earnings Release ECB Bancorp, Inc. |
 Second Quarter
Earnings Release ECB Bancorp, Inc. |
 Second Quarter
Earnings Release ECB Bancorp, Inc. |