Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - INTERMOUNTAIN COMMUNITY BANCORP | d283401d8k.htm |
| EX-99.2 - PRESS RELEASE - INTERMOUNTAIN COMMUNITY BANCORP | d283401dex992.htm |
| EX-10.1 - FORM OF AMENDED AND RESTATED SECURITIES PURCHASE AGREEMENT - INTERMOUNTAIN COMMUNITY BANCORP | d283401dex101.htm |
 Intermountain
Community Bancorp Investor Update
January 13, 2012
Exhibit 99.1 |
 Cautionary
Note •
All information for December 31,2011 for Panhandle
State Bank (PSB) and Intermountain Community
Bancorp (IMCB) is preliminary, estimated and
unaudited
•
Final fourth quarter and full year 2011 information
could differ materially from the information shown,
and Intermountain makes no representation, warranty
or guarantee as to final fourth quarter and year end
2011 results and financial condition for either IMCB or
PSB
•
IMCB anticipates publicly releasing earnings in mid-
February
2 |
 3
IMCB Balance Sheet
IMCB
12/31/10
IMCB
09/30/11
IMCB 12/31/11
est
Investments
$207,608
$217,189
$237,492
Cash & Cash Equivalents
147,956
101,057
$109,867
Total Loans
579,108
542,197
520,516
ALLL
12,455
14,367
12,703
Total Assets
1,005,109
926,523
933,852
Transaction Deposits
550,827
558,169
554,059
CDs and IRAs
228,006
191,816
175,314
Total Deposits
778,833
749,985
729,373
Equity
59,353
60,583
61,384
Tangible Common Equity
33,249
34,306
35,047
Loans/Deposits
74.4%
72.3%
71.4%
Transaction Deposits/Total Deposits
70.1%
74.4%
76.0%
Brokered +CDARs/Tot Dep
6.4%
6.0%
6.0%
TCE/TA
3.31%
3.70%
3.75% |
 4
IMCB Income Statement
IMCB 4Q
2010
IMCB 3Q
2011
IMCB 4Q
2011 est
IMCB FY
2010
IMCB FY
2011 est
Interest Income
$11,097
$10,609
$9,770
$46,049
$41,657
Interest Expense
2,038
1,801
1,435
10,785
6,819
Net Interest Income
9,059
8,808
8,335
35,264
34,838
Provision for Loan Losses
2,232
2,239
706
24,012
7,289
Other Income
2,908
2,552
2,686
11,852
10,678
Goodwill Impairment
0
0
0
11,662
0
Operating Expenses
10,139
9,812
9,179
43,232
38,342
Security gains/(losses)
(222)
(69)
59
(828)
(53)
Net Income (Loss) before tax
$(626)
($760)
$1,195
($32,618)
($168)
Tax benefit (provision)
0
0
0
882
0
Net income (loss) after tax
($626)
($760)
$1,195
($31,736)
($168)
Preferred stock dividend
438
457
460
1,716
1,808
Net Income (Loss) to common
($1,064)
($1,217)
$735
($33,452)
($1,976) |
 5
IMCB Asset Quality –
Key Metrics
December 31,
2010
September 30,
2011
December 31,
2011 est
NPLs & 90 day past dues
$11,517
$10,329
$9,292
OREO
4,429
7,378
$6,650
Total NPAs
15,946
17,707
15,942
NPA/Tot Assets
1.59%
1.91%
1.71%
NPA to Tang Equity + ALLL
22.3%
23.69%
21.6%
ALLL/Total Loans
2.16%
2.66%
2.44%
30-day delinquency/Total Loans
0.55%
0.30%
0.28%
Quarterly net chargeoffs
$4,111
$1,558
$2,383 |
 6
Pro Forma Impacts of Raise -
IMCB and PSB Capital Ratios
As
After Private
After Rights
If Warrants
Reported
Placements (2)
Pro Forma
Offering (2)
Pro Forma
Exercised
Pro Forma
INTERMOUNTAIN COMMUNITY BANCORP:
Tier 1 Capital
65,348
$
45,611
$
110,959
$
4,837
$
115,796
$
1,700
$
117,496
$
Tier 2 Capital
7,885
7,885
7,885
7,885
Total Risk-Based Capital
73,233
45,611
118,844
4,837
123,681
1,700
125,381
Average Assets for Leverage Capital
925,220
45,611
970,831
4,837
975,668
1,700
977,368
Total Risk Weighted Assets
624,293
624,293
624,293
624,293
Tier 1 Capital/Average Assets (Leverage Ratio)
7.06%
11.43%
11.87%
12.02%
Tier 1 Capital to Risk-Weighted Assets
10.47%
17.77%
18.55%
18.82%
Total Risk-Based Capital to Risk-Weighted Assets
11.73%
19.04%
19.81%
20.08%
Tangible Common Equity to Tangible Assets with preferred conv (1)
3.70%
8.22%
8.68%
8.84%
Tangible Common Equity Per Share with preferred conv (1)
4.08
$
1.35
$
1.32
$
1.31
$
PANHANDLE STATE BANK:
Tier 1 Capital
71,502
$
30,000
$
101,502
$
101,502
$
101,502
$
Tier 2 Capital
7,885
7,885
7,885
7,885
Total Risk-Based Capital
79,387
30,000
109,387
109,387
109,387
Average Assets for Leverage Capital
923,796
30,000
953,796
953,796
953,796
Total Risk Weighted Assets
624,290
624,290
624,290
624,290
Tier 1 Capital/Average Assets (Leverage Ratio)
7.74%
10.64%
10.64%
10.64%
Tier 1 Capital to Risk-Weighted Assets
11.45%
16.26%
16.26%
16.26%
Total Risk-Based Capital to Risk-Weighted Assets
12.72%
17.52%
17.52%
17.52%
1) Assumes that the mandatorily convertible preferred shares
issued are converted to common shares 2) Additions to
capital are net of transaction expenses As of September 30,
2011 (Dollars in thousands) |