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Annual Shareholder’s Meeting May 22, 2012 PowerPoint Presentation
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Annual Shareholder’s Meeting May 22, 2012

Annual Shareholder’s Meeting May 22, 2012

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Annual Shareholder’s Meeting May 22, 2012

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  1. Annual Shareholder’s Meeting May 22, 2012

  2. Call To Order

  3. Board of Directors

  4. Town Center Bank Officers

  5. Appointment of Inspector

  6. Notice of Quorum Report

  7. Election of Directors

  8. Question and Comment Period

  9. Current Economic Environment

  10. Banking Landscape • Delinquent loans and other real estate owned have leveled off • Capital remains under pressure and this will continue to be the norm in the industry • Deposits continuing to grow, as is cash and liquidity • People have faith in the banking industry • Portfolio yields are still falling • Regulatory and Dodd-Frank burden unlikely to lift anytime soon

  11. 2011 Performance(Dollar amounts in thousands)

  12. Quarterly PerformanceAs of or for the Quarter Ended(Dollar amounts in thousands)

  13. Loan Portfolio Mix (Dollar amounts in thousands)

  14. Loans by ClassAs of 12/31/11(Dollar amounts in thousands)

  15. Loans by ClassAs of 3/31/12(Dollar amounts in thousands)

  16. Liquidity (Cash Resources)As of March 31, 2012(Dollar amounts in thousands) • Primary funding is provided by deposits. The above sources are supplemental.

  17. Regulatory Capital(Dollar amounts in thousands)

  18. 2012 Plan • Bank’s Assets will shrink to $100 million through prepayment of FHLB Advances (done) and non-renewal of wholesale CDs • This will increase Tier I Ratio 1% • Decrease Non-Performing Assets by $2.3 million • Actively market Bank Owned Properties • Negotiate and litigate with delinquent borrowers to collect highest amount possible • Recently negotiated a recovery on a loan at $300,000 higher than the charge off balance. This is one of the first significant recoveries. This will not be the last. We expect more going forward. • Recover charged off loans from borrowers through negotiation and litigation • Recently finalized a legal settlement on an owned property which will allow us to recover at least $300,000

  19. 2012 Plan cont’d • Seek and obtain high quality loans • Maintain competitive rates on deposits to attract long term relationships • Continue to keep operating costs low • Raise Capital

  20. 2012 Plan cont’d • Add new products and services • Mobile scanning • Upgrade online banking • E-checking • Rewards debit card • Actively market as a Community Bank

  21. Raise Capital • Exercise Stock Warrants • 1 Warrant for each original 5 shares of stock purchased • Exercise price at $3.00 per share • Example: If you purchased 250 shares of stock, you received 50 warrants to buy 50 shares of stock at $3.00 each • 50 shares x $3.00 = $150.00 Total Purchase Price

  22. Raise Capital • Exercise Stock Warrants – Cont’d • When does exercise date expire? • Dollar cost averaging – exercise 50 warrants at $3.00 each on 250 shares purchased at $10.00 each and will give an average purchase price of $8.83

  23. Raise Capital • Stock Rights Offering • Offer additional shares to be purchased • Each shareholder will be offered a defined amount of shares which will allow the shareholder to maintain the same proportional level of ownership • The Board will then have the option to re-offer the unexercised shares at a later date to all purchasers of the stock through the stock rights offering • As a goal we hope to raise $3.0 million from the warrants and the stock rights offering

  24. Questions and Comments

  25. Report by Inspectors of Election Formal Announcements of Voting Results

  26. Adjournment