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Annual Shareholders Meeting
June 30, 2020
Welcome
Business Meeting
Financial & Historical Highlights
New Business
Dividends
Questions & Wrap-up
Welcome
Business Meeting
Financial & Historical Highlights
New Business
Dividends
Questions & Wrap-up
Board of Directors• Coyle Clark• Roy Eckert• Nelson Hatchett• Denny Daniel• Mike Niederhauser• Jeffery Keele
• Mike Rowland• John Roberts• Jim Penland• Tina Rose• Greg Vaughn
ITEMS OF BUSINESS
• Elect Directors of Class III John R. Roberts Sr. Roy N. Eckert Tina M. Rose
• To ratify the Audit Committee’s selection of Maggart & Associate, P.C. as independent auditors
• Other Business
ITEMS OF BUSINESS
· Elect Directors of Class III
John R. Roberts Sr.
Roy N. Eckert
Tina M. Rose
· To ratify the Audit Committee’s selection of Maggart & Associate, P.C. as independent auditors
· Other Business
Chart1
20152015
20162016
20172017
20182018
20192019
TOTAL ASSETS
Total Assets
Growth %
Millions
185.3
0.1438271605
194.6
0.0501888829
211.1
0.0847893114
249.7
0.182851729
277.2
0.1101321586
Loans Chart
20152015
20162016
20172017
20182018
20192019
LOANS
Loans $
Growth %
Millions
[]
[]
[]
136.1
0.0558572537
147.4
0.0830271859
161.7
0.0970149254
203.4
0.2578849722
209.3
0.029006883
Loans
Loans $Growth %
2015$136.15.59%
2016$147.48.30%
2017$161.79.70%
2018$203.425.79%
2019$209.32.90%
2005$5.3
2006$40.5
2007$62.70.00%
2008$83.833.65%
2009$88.70.00%
2010$93.50.00%
2011$93.50.00%
2012$112.4
2013$120.90.00%
2014$128.90.00%
Deposits Chart
20152015
20162016
20172017
20182018
20192019
DEPOSITS
Deposits
Growth %
Millions
161.3
0.1646209386
170.4
0.056416615
185.3
0.0874413146
205.3
0.1079330815
234.3
0.1412566975
Deposits
DepositsGrowth %
2015$161.316.46%6/30/07$49.7
2016$170.45.64%
2017$185.38.74%
2018$205.310.79%
2019$234.314.13%
2005$7.6
2006$38.0
2007$63.1
2008$76.621.39%
2009$93.8
2010$98.8
2011$107.90.00%
2012$119.9
2013$134.60.00%
2014$138.50.00%
Total Assets Chart
20152015
20162016
20172017
20182018
20192019
TOTAL ASSETS
Total Assets
Growth %
Millions
185.3
0.1438271605
194.6
0.0501888829
211.1
0.0847893114
249.7
0.182851729
277.2
0.1101321586
Total Assets
Total AssetsGrowth %
2015$185.314.38%6/30/07$64.6
2016$194.65.02%
2017$211.18.48%
2018$249.718.29%
2019$277.211.01%
2005$22.3
2006$52.8
2007$78.90.00%
2008$98.825.22%
2009$114.9
2010$120.6
2011$129.00.00%
2012$143.2
2013
2014$162.00.00%
Net Income Chart
2015
2016
2017
2018
2019
Thousands
Net Income
1694
1914
1782
2703
3071
New Net Inc
New Net Inc
20152015
20162016
20172017
20182018
20192019
After-Tax
Pre-Tax
Net Income
1694
2611
1914
2968
1782
3281
2703
3613
3071
4162
Net Income
DateAfter-TaxPre-Tax
2015$1,694.0$2,611.0
2016$1,914.0$2,968.0
2017$1,782.0$3,281.0
2018$2,703.0$3,613.0
2019$3,071.0$4,162.0
2011$1,156.0$1,156.0
2012$1,507.0$2,083.0
2013$1,347.0$2,087.0
2014$1,438.0$2,317.0
Net Income
After-Tax
Pre-Tax
Cost of Dep Chart
20152015
20162016
20172017
20182018
20192019
FVB
Peer
Cost of Deposits
0.0059
0.0061
0.0056
0.0063
0.006
0.0064
0.0098
0.008
0.017
0.0122
Cost of Dep Data
Cost of Deposits
2015201620172018201920072008200920102011201220132014
FVB0.59%0.56%0.60%0.98%1.70%4.79%3.78%2.74%1.93%1.33%0.98%0.79%0.66%
Peer0.61%0.63%0.64%0.80%1.22%4.29%3.44%2.47%1.85%1.33%1.01%0.82%0.67%
Change-0.02%-0.07%-0.04%0.18%0.48%0.50%0.34%0.27%0.08%0.00%-0.03%-0.03%-0.01%
From Peer report from Centerstate and the "Rates on Interest Bearing Deposits"
Yield On Loans chart
20152015
20162016
20172017
20182018
20192019
FVB
Peer
Yield on Loans
0.056
0.059
0.0545
0.0581
0.0539
0.0566
0.0556
0.0587
0.0582
0.0601
Yield on Loans
Yield on Loans
2015201620172018201920072008200920102011201220132014
FVB5.60%5.45%5.39%5.56%5.82%8.22%6.86%6.28%6.46%6.28%6.11%5.89%5.78%
Peer5.90%5.81%5.66%5.87%6.01%8.68%7.74%6.96%6.81%6.72%6.57%6.23%5.92%
Change-0.30%-0.36%-0.27%-0.31%-0.19%-0.46%-0.88%-0.68%-0.35%-0.44%-0.46%-0.34%-0.14%
Risk Ratio Chart
20152015
20162016
20172017
20182018
20192019
FVB
Peer
Tier 1 Risk Ratio
0.1667
0.1533
0.1603
0.1648
0.1515
0.1588
0.1342
0.144
0.1385
0.1489
Risk Ratio Data
Risk Ratio
2015201620172018201920072008200920102011201220132014
FVB16.67%16.03%15.15%13.42%13.85%21.31%16.06%16.63%16.72%17.87%16.00%15.66%15.94%
Peer15.33%16.48%15.88%14.40%14.89%14.01%13.17%13.66%14.24%15.22%15.86%16.07%15.87%
Change1.34%-0.45%-0.73%-0.98%-1.04%7.30%2.89%2.97%2.48%2.65%0.14%-0.41%0.07%
Used the Peer report excluding American City Bank from the Peer Group
Growth Rate Analysis
Performance Ratios (% of Average Assets)
First Vision BankCustom Peer Group
2012201320142015Performance Ratios2015201420132012
11.18%11.17%1.67%14.38%Asset Growth Rate5.51%5.12%-0.69%5.51%
11.07%12.26%2.94%16.45%Deposits Growth Rate5.28%5.22%-0.22%6.47%
7.31%5.43%5.71%5.67%Equity Capital Growth Rate4.79%4.59%5.27%5.07%
1.11%0.91%0.88%0.96%Return on Assets1.16%1.16%1.01%0.86%
8.56%7.23%7.36%8.14%Return on Equity Capital9.95%10.22%9.12%7.77%
Not updated
Dividends Chart
2016
2017
2018
2019
2020
Dividends Paid ($)
Dividends Paid $
Dividend History
497
550
560
573
584
Div Chart Updated
2016 ($.28/sh)2016 ($.28/sh)2016 ($.28/sh)
2017 ($.31/sh)2017 ($.31/sh)2017 ($.31/sh)
2018 ($.32/sh)2018 ($.32/sh)2018 ($.32/sh)
2019 ($.33/sh)2019 ($.33/sh)2019 ($.33/sh)
2020 ($.34/sh)2020 ($.34/sh)2020 ($.34/sh)
Dividends Paid ($)
% of Net Income
EPS
Dividends Paid / % of Net Income
497
0.2933884298
1.088957117
550
0.2873563218
1.0245882268
560
0.3149606299
1.567609705
573
0.2119866815
1.8140604387
584
0.1901660697
Dividends
Yield on Loans
2016 ($.28/sh)2017 ($.31/sh)2018 ($.32/sh)2019 ($.33/sh)2020 ($.34/sh)2011 $.10/sh2012 $.15/sh2013 $.20/sh)2014 $.20/sh2015 ($.25/sh)
Year Paid20162017201820192020Total20112012201320142015
Dividends Paid ($)$ 497$ 550$ 560$ 573$ 584$ 4,369$ 1,605$ 178$ 267$ 357$ 357$ 446
% Increase11.43%10.66%1.82%2.32%1.92%50.00%33.71%0.00%100.00%
Net Income prev Yr$1,694.0$1,914.0$1,778.0$2,703.0$3,071.0$625.0$1,156.0$1,507.0$1,347.0$1,438.0
% of Net Income29.34%28.74%31.50%21.20%19.02%26.50%31.02%
Earnings Per Share$ 1.09$ 1.02$ 1.57$ 1.81$ - 0
Net Income$ 1,914,430.17$ 1,777,880.86$ 2,703,288.07$ 3,071,064.64
# of Shares1,758,0401,735,2151,724,4651,692,923
1,329,481$ 0.33000$ 438,728.73
163,372$ 0.34650$ 56,608.40
229,570$ 0.33990$ 78,030.84
$ 573,367.97
Dividends Paid ($)% of Net IncomeEPS
2016 ($.28/sh)$ 49729.34%$ 1.09
2017 ($.31/sh)$ 55028.74%$ 1.02
2018 ($.32/sh)$ 56031.50%$ 1.57
2019 ($.33/sh)$ 57321.20%$ 1.81
2020 ($.34/sh)$ 58419.02%
Capital
Capital
201520162017201820192011201220132014
Capital$ 21,401$ 22,591$ 23,591$ 25,466$ 27,742$ 16,940$ 18,233$ 18,936$ 20,254
Capital
Capital
First Vision Bank Capital
Earnings Per Share
# of SharesNet Income
2015(EPS $0.96)1,758,465$ 1,693,606.86$ 0.96
2016(EPS $1.09)1,758,040$ 1,914,430.17$ 1.09
2017(EPS $1.02)1,735,215$ 1,777,880.86$ 1.02
2018(EPS $1.57)1,724,465$ 2,703,288.07$ 1.57
2019(EPS $1.81)1,692,923$ 3,071,064.64$ 1.81
Earnings Per Share
# of Shares
Net Income
Earnings Per Share
Chart1
20152015
20162016
20172017
20182018
20192019
LOANS
Loans $
Growth %
Millions
[]
[]
[]
136.1
0.0558572537
147.4
0.0830271859
161.7
0.0970149254
203.4
0.2578849722
209.3
0.029006883
Loans Chart
20152015
20162016
20172017
20182018
20192019
LOANS
Loans $
Growth %
Millions
[]
[]
[]
136.1
0.0558572537
147.4
0.0830271859
161.7
0.0970149254
203.4
0.2578849722
209.3
0.029006883
Loans
Loans $Growth %
2015$136.15.59%
2016$147.48.30%
2017$161.79.70%
2018$203.425.79%
2019$209.32.90%
2005$5.3
2006$40.5
2007$62.70.00%
2008$83.833.65%
2009$88.70.00%
2010$93.50.00%
2011$93.50.00%
2012$112.4
2013$120.90.00%
2014$128.90.00%
Deposits Chart
20152015
20162016
20172017
20182018
20192019
DEPOSITS
Deposits
Growth %
Millions
161.3
0.1646209386
170.4
0.056416615
185.3
0.0874413146
205.3
0.1079330815
234.3
0.1412566975
Deposits
DepositsGrowth %
2015$161.316.46%6/30/07$49.7
2016$170.45.64%
2017$185.38.74%
2018$205.310.79%
2019$234.314.13%
2005$7.6
2006$38.0
2007$63.1
2008$76.621.39%
2009$93.8
2010$98.8
2011$107.90.00%
2012$119.9
2013$134.60.00%
2014$138.50.00%
Total Assets Chart
20152015
20162016
20172017
20182018
20192019
TOTAL ASSETS
Total Assets
Growth %
Millions
185.3
0.1438271605
194.6
0.0501888829
211.1
0.0847893114
249.7
0.182851729
277.2
0.1101321586
Total Assets
Total AssetsGrowth %
2015$185.314.38%6/30/07$64.6
2016$194.65.02%
2017$211.18.48%
2018$249.718.29%
2019$277.211.01%
2005$22.3
2006$52.8
2007$78.90.00%
2008$98.825.22%
2009$114.9
2010$120.6
2011$129.00.00%
2012$143.2
2013
2014$162.00.00%
Net Income Chart
2015
2016
2017
2018
2019
Thousands
Net Income
1694
1914
1782
2703
3091
New Net Inc
New Net Inc
20152015
20162016
20172017
20182018
20192019
After-Tax
Pre-Tax
Net Income
1694
2611
1914
2968
1782
3281
2703
3613
3091
4189
Net Income
DateAfter-TaxPre-Tax
2015$1,694.0$2,611.0
2016$1,914.0$2,968.0
2017$1,782.0$3,281.0
2018$2,703.0$3,613.0
2019$3,091.0$4,189.0
2011$1,156.0$1,156.0
2012$1,507.0$2,083.0
2013$1,347.0$2,087.0
2014$1,438.0$2,317.0
Net Income
After-Tax
Pre-Tax
Cost of Dep Chart
20152015
20162016
20172017
20182018
20192019
FVB
Peer
Cost of Deposits
0.0059
0.0061
0.0056
0.0063
0.006
0.0064
0.0098
0.008
0.017
0.0122
Cost of Dep Data
Cost of Deposits
2015201620172018201920072008200920102011201220132014
FVB0.59%0.56%0.60%0.98%1.70%4.79%3.78%2.74%1.93%1.33%0.98%0.79%0.66%
Peer0.61%0.63%0.64%0.80%1.22%4.29%3.44%2.47%1.85%1.33%1.01%0.82%0.67%
Change-0.02%-0.07%-0.04%0.18%0.48%0.50%0.34%0.27%0.08%0.00%-0.03%-0.03%-0.01%
From Peer report from Centerstate and the "Rates on Interest Bearing Deposits"
Yield On Loans chart
20152015
20162016
20172017
20182018
20192019
FVB
Peer
Yield on Loans
0.056
0.059
0.0545
0.0581
0.0539
0.0566
0.0556
0.0587
0.0582
0.0601
Yield on Loans
Yield on Loans
2015201620172018201920072008200920102011201220132014
FVB5.60%5.45%5.39%5.56%5.82%8.22%6.86%6.28%6.46%6.28%6.11%5.89%5.78%
Peer5.90%5.81%5.66%5.87%6.01%8.68%7.74%6.96%6.81%6.72%6.57%6.23%5.92%
Change-0.30%-0.36%-0.27%-0.31%-0.19%-0.46%-0.88%-0.68%-0.35%-0.44%-0.46%-0.34%-0.14%
Risk Ratio Chart
20152015
20162016
20172017
20182018
20192019
FVB
Peer
Tier 1 Risk Ratio
0.1667
0.1533
0.1603
0.1648
0.1515
0.1588
0.1342
0.144
0.1385
0.1489
Risk Ratio Data
Risk Ratio
2015201620172018201920072008200920102011201220132014
FVB16.67%16.03%15.15%13.42%13.85%21.31%16.06%16.63%16.72%17.87%16.00%15.66%15.94%
Peer15.33%16.48%15.88%14.40%14.89%14.01%13.17%13.66%14.24%15.22%15.86%16.07%15.87%
Change1.34%-0.45%-0.73%-0.98%-1.04%7.30%2.89%2.97%2.48%2.65%0.14%-0.41%0.07%
Used the Peer report excluding American City Bank from the Peer Group
Growth Rate Analysis
Performance Ratios (% of Average Assets)
First Vision BankCustom Peer Group
2012201320142015Performance Ratios2015201420132012
11.18%11.17%1.67%14.38%Asset Growth Rate5.51%5.12%-0.69%5.51%
11.07%12.26%2.94%16.45%Deposits Growth Rate5.28%5.22%-0.22%6.47%
7.31%5.43%5.71%5.67%Equity Capital Growth Rate4.79%4.59%5.27%5.07%
1.11%0.91%0.88%0.96%Return on Assets1.16%1.16%1.01%0.86%
8.56%7.23%7.36%8.14%Return on Equity Capital9.95%10.22%9.12%7.77%
Not updated
Dividends Chart
2016
2017
2018
2019
2019
Dividends Paid ($)
Dividends Paid $
Dividend History
497
550
560
573
584
Div Chart Updated
2016 ($.28/sh)2016 ($.28/sh)2016 ($.28/sh)
2017 ($.31/sh)2017 ($.31/sh)2017 ($.31/sh)
2018 ($.32/sh)2018 ($.32/sh)2018 ($.32/sh)
2019 ($.33/sh)2019 ($.33/sh)2019 ($.33/sh)
Dividends Paid ($)
% of Net Income
EPS
Dividends Paid / % of Net Income
497
0.2596656217
1.09
550
0.309336333
1.02
560
0.2071772105
1.57
573
0.1853769007
1.83
Dividends
Yield on Loans
2016 ($.28/sh)2017 ($.31/sh)2018 ($.32/sh)2019 ($.33/sh)2020 ($.34/sh)2011 $.10/sh2012 $.15/sh2013 $.20/sh)2014 $.20/sh2015 ($.25/sh)
Year Paid20162017201820192019Total20112012201320142015
Dividends Paid ($)$ 497$ 550$ 560$ 573$ 584$ 3,923$ 178$ 267$ 357$ 357$ 446
% Increase11.43%10.66%1.82%2.32%1.92%50.00%33.71%0.00%100.00%
Net Income prev Yr$1,694.0$1,914.0$1,778.0$2,703.0$3,091.0$625.0$1,156.0$1,507.0$1,347.0$1,438.0
% of Net Income29.34%28.74%31.50%21.20%18.89%26.50%31.02%
Earnings Per Share$ 1.09$ 1.02$ 1.57$ 1.83$ - 0
Net Income$ 1,914,430.17$ 1,777,880.86$ 2,703,288.07$ 3,090,976.74
# of Shares1,758,0401,735,2151,724,4651,692,923
1,329,481$ 0.33000$ 438,728.73
163,372$ 0.34650$ 56,608.40
229,570$ 0.33990$ 78,030.84
$ 573,367.97
Dividends Paid ($)% of Net IncomeEPS
2016 ($.28/sh)$ 49725.97%$ 1.09
2017 ($.31/sh)$ 55030.93%$ 1.02
2018 ($.32/sh)$ 56020.72%$ 1.57
2019 ($.33/sh)$ 57318.54%$ 1.83
Capital
Capital
201520162017201820192011201220132014
Capital$ 21,401$ 22,591$ 23,591$ 25,466$ 27,724$ 16,940$ 18,233$ 18,936$ 20,254
Capital
Capital
First Vision Bank Capital
Earnings Per Share
# of SharesNet Income
2015(EPS $0.96)1,758,465$ 1,693,606.86
2016(EPS $1.09)1,758,040$ 1,914,430.17
2017(EPS $1.02)1,735,215$ 1,777,880.86
2018(EPS $1.57)1,724,465$ 2,703,288.07
2019(EPS $1.83)1,692,923$ 3,090,976.74
Earnings Per Share
# of Shares
Net Income
Earnings Per Share
Chart1
20152015
20162016
20172017
20182018
20192019
DEPOSITS
Deposits
Growth %
Millions
161.3
0.1646209386
170.4
0.056416615
185.3
0.0874413146
205.3
0.1079330815
234.3
0.1412566975
Loans Chart
20152015
20162016
20172017
20182018
20192019
LOANS
Loans $
Growth %
Millions
[]
[]
[]
136.1
0.0558572537
147.4
0.0830271859
161.7
0.0970149254
203.4
0.2578849722
209.3
0.029006883
Loans
Loans $Growth %
2015$136.15.59%
2016$147.48.30%
2017$161.79.70%
2018$203.425.79%
2019$209.32.90%
2005$5.3
2006$40.5
2007$62.70.00%
2008$83.833.65%
2009$88.70.00%
2010$93.50.00%
2011$93.50.00%
2012$112.4
2013$120.90.00%
2014$128.90.00%
Deposits Chart
20152015
20162016
20172017
20182018
20192019
DEPOSITS
Deposits
Growth %
Millions
161.3
0.1646209386
170.4
0.056416615
185.3
0.0874413146
205.3
0.1079330815
234.3
0.1412566975
Deposits
DepositsGrowth %
2015$161.316.46%6/30/07$49.7
2016$170.45.64%
2017$185.38.74%
2018$205.310.79%
2019$234.314.13%
2005$7.6
2006$38.0
2007$63.1
2008$76.621.39%
2009$93.8
2010$98.8
2011$107.90.00%
2012$119.9
2013$134.60.00%
2014$138.50.00%
Total Assets Chart
20152015
20162016
20172017
20182018
20192019
TOTAL ASSETS
Total Assets
Growth %
Millions
185.3
0.1438271605
194.6
0.0501888829
211.1
0.0847893114
249.7
0.182851729
277.2
0.1101321586
Total Assets
Total AssetsGrowth %
2015$185.314.38%6/30/07$64.6
2016$194.65.02%
2017$211.18.48%
2018$249.718.29%
2019$277.211.01%
2005$22.3
2006$52.8
2007$78.90.00%
2008$98.825.22%
2009$114.9
2010$120.6
2011$129.00.00%
2012$143.2
2013
2014$162.00.00%
Net Income Chart
2015
2016
2017
2018
2019
Thousands
Net Income
1694
1914
1782
2703
3091
New Net Inc
New Net Inc
20152015
20162016
20172017
20182018
20192019
After-Tax
Pre-Tax
Net Income
1694
2611
1914
2968
1782
3281
2703
3613
3091
4189
Net Income
DateAfter-TaxPre-Tax
2015$1,694.0$2,611.0
2016$1,914.0$2,968.0
2017$1,782.0$3,281.0
2018$2,703.0$3,613.0
2019$3,091.0$4,189.0
2011$1,156.0$1,156.0
2012$1,507.0$2,083.0
2013$1,347.0$2,087.0
2014$1,438.0$2,317.0
Net Income
After-Tax
Pre-Tax
Cost of Dep Chart
20152015
20162016
20172017
20182018
20192019
FVB
Peer
Cost of Deposits
0.0059
0.0061
0.0056
0.0063
0.006
0.0064
0.0098
0.008
0.017
0.0122
Cost of Dep Data
Cost of Deposits
2015201620172018201920072008200920102011201220132014
FVB0.59%0.56%0.60%0.98%1.70%4.79%3.78%2.74%1.93%1.33%0.98%0.79%0.66%
Peer0.61%0.63%0.64%0.80%1.22%4.29%3.44%2.47%1.85%1.33%1.01%0.82%0.67%
Change-0.02%-0.07%-0.04%0.18%0.48%0.50%0.34%0.27%0.08%0.00%-0.03%-0.03%-0.01%
From Peer report from Centerstate and the "Rates on Interest Bearing Deposits"
Yield On Loans chart
20152015
20162016
20172017
20182018
20192019
FVB
Peer
Yield on Loans
0.056
0.059
0.0545
0.0581
0.0539
0.0566
0.0556
0.0587
0.0582
0.0601
Yield on Loans
Yield on Loans
2015201620172018201920072008200920102011201220132014
FVB5.60%5.45%5.39%5.56%5.82%8.22%6.86%6.28%6.46%6.28%6.11%5.89%5.78%
Peer5.90%5.81%5.66%5.87%6.01%8.68%7.74%6.96%6.81%6.72%6.57%6.23%5.92%
Change-0.30%-0.36%-0.27%-0.31%-0.19%-0.46%-0.88%-0.68%-0.35%-0.44%-0.46%-0.34%-0.14%
Risk Ratio Chart
20152015
20162016
20172017
20182018
20192019
FVB
Peer
Tier 1 Risk Ratio
0.1667
0.1533
0.1603
0.1648
0.1515
0.1588
0.1342
0.144
0.1385
0.1489
Risk Ratio Data
Risk Ratio
2015201620172018201920072008200920102011201220132014
FVB16.67%16.03%15.15%13.42%13.85%21.31%16.06%16.63%16.72%17.87%16.00%15.66%15.94%
Peer15.33%16.48%15.88%14.40%14.89%14.01%13.17%13.66%14.24%15.22%15.86%16.07%15.87%
Change1.34%-0.45%-0.73%-0.98%-1.04%7.30%2.89%2.97%2.48%2.65%0.14%-0.41%0.07%
Used the Peer report excluding American City Bank from the Peer Group
Growth Rate Analysis
Performance Ratios (% of Average Assets)
First Vision BankCustom Peer Group
2012201320142015Performance Ratios2015201420132012
11.18%11.17%1.67%14.38%Asset Growth Rate5.51%5.12%-0.69%5.51%
11.07%12.26%2.94%16.45%Deposits Growth Rate5.28%5.22%-0.22%6.47%
7.31%5.43%5.71%5.67%Equity Capital Growth Rate4.79%4.59%5.27%5.07%
1.11%0.91%0.88%0.96%Return on Assets1.16%1.16%1.01%0.86%
8.56%7.23%7.36%8.14%Return on Equity Capital9.95%10.22%9.12%7.77%
Not updated
Dividends Chart
2016
2017
2018
2019
2019
Dividends Paid ($)
Dividends Paid $
Dividend History
497
550
560
573
584
Div Chart Updated
2016 ($.28/sh)2016 ($.28/sh)2016 ($.28/sh)
2017 ($.31/sh)2017 ($.31/sh)2017 ($.31/sh)
2018 ($.32/sh)2018 ($.32/sh)2018 ($.32/sh)
2019 ($.33/sh)2019 ($.33/sh)2019 ($.33/sh)
Dividends Paid ($)
% of Net Income
EPS
Dividends Paid / % of Net Income
497
0.2596656217
1.09
550
0.309336333
1.02
560
0.2071772105
1.57
573
0.1853769007
1.83
Dividends
Yield on Loans
2016 ($.28/sh)2017 ($.31/sh)2018 ($.32/sh)2019 ($.33/sh)2020 ($.34/sh)2011 $.10/sh2012 $.15/sh2013 $.20/sh)2014 $.20/sh2015 ($.25/sh)
Year Paid20162017201820192019Total20112012201320142015
Dividends Paid ($)$ 497$ 550$ 560$ 573$ 584$ 3,923$ 178$ 267$ 357$ 357$ 446
% Increase11.43%10.66%1.82%2.32%1.92%50.00%33.71%0.00%100.00%
Net Income prev Yr$1,694.0$1,914.0$1,778.0$2,703.0$3,091.0$625.0$1,156.0$1,507.0$1,347.0$1,438.0
% of Net Income29.34%28.74%31.50%21.20%18.89%26.50%31.02%
Earnings Per Share$ 1.09$ 1.02$ 1.57$ 1.83$ - 0
Net Income$ 1,914,430.17$ 1,777,880.86$ 2,703,288.07$ 3,090,976.74
# of Shares1,758,0401,735,2151,724,4651,692,923
1,329,481$ 0.33000$ 438,728.73
163,372$ 0.34650$ 56,608.40
229,570$ 0.33990$ 78,030.84
$ 573,367.97
Dividends Paid ($)% of Net IncomeEPS
2016 ($.28/sh)$ 49725.97%$ 1.09
2017 ($.31/sh)$ 55030.93%$ 1.02
2018 ($.32/sh)$ 56020.72%$ 1.57
2019 ($.33/sh)$ 57318.54%$ 1.83
Capital
Capital
201520162017201820192011201220132014
Capital$ 21,401$ 22,591$ 23,591$ 25,466$ 27,724$ 16,940$ 18,233$ 18,936$ 20,254
Capital
Capital
First Vision Bank Capital
Earnings Per Share
# of SharesNet Income
2015(EPS $0.96)1,758,465$ 1,693,606.86
2016(EPS $1.09)1,758,040$ 1,914,430.17
2017(EPS $1.02)1,735,215$ 1,777,880.86
2018(EPS $1.57)1,724,465$ 2,703,288.07
2019(EPS $1.83)1,692,923$ 3,090,976.74
Earnings Per Share
# of Shares
Net Income
Earnings Per Share
Chart1
20152015
20162016
20172017
20182018
20192019
After-Tax
Pre-Tax
Net Income
1694
2611
1914
2968
1782
3281
2703
3613
3071
4162
Loans Chart
20152015
20162016
20172017
20182018
20192019
LOANS
Loans $
Growth %
Millions
[]
[]
[]
136.1
0.0558572537
147.4
0.0830271859
161.7
0.0970149254
203.4
0.2578849722
209.3
0.029006883
Loans
Loans $Growth %
2015$136.15.59%
2016$147.48.30%
2017$161.79.70%
2018$203.425.79%
2019$209.32.90%
2005$5.3
2006$40.5
2007$62.70.00%
2008$83.833.65%
2009$88.70.00%
2010$93.50.00%
2011$93.50.00%
2012$112.4
2013$120.90.00%
2014$128.90.00%
Deposits Chart
20152015
20162016
20172017
20182018
20192019
DEPOSITS
Deposits
Growth %
Millions
161.3
0.1646209386
170.4
0.056416615
185.3
0.0874413146
205.3
0.1079330815
234.3
0.1412566975
Deposits
DepositsGrowth %
2015$161.316.46%6/30/07$49.7
2016$170.45.64%
2017$185.38.74%
2018$205.310.79%
2019$234.314.13%
2005$7.6
2006$38.0
2007$63.1
2008$76.621.39%
2009$93.8
2010$98.8
2011$107.90.00%
2012$119.9
2013$134.60.00%
2014$138.50.00%
Total Assets Chart
20152015
20162016
20172017
20182018
20192019
TOTAL ASSETS
Total Assets
Growth %
Millions
185.3
0.1438271605
194.6
0.0501888829
211.1
0.0847893114
249.7
0.182851729
277.2
0.1101321586
Total Assets
Total AssetsGrowth %
2015$185.314.38%6/30/07$64.6
2016$194.65.02%
2017$211.18.48%
2018$249.718.29%
2019$277.211.01%
2005$22.3
2006$52.8
2007$78.90.00%
2008$98.825.22%
2009$114.9
2010$120.6
2011$129.00.00%
2012$143.2
2013
2014$162.00.00%
Net Income Chart
2015
2016
2017
2018
2019
Thousands
Net Income
1694
1914
1782
2703
3071
New Net Inc
New Net Inc
20152015
20162016
20172017
20182018
20192019
After-Tax
Pre-Tax
Net Income
1694
2611
1914
2968
1782
3281
2703
3613
3071
4162
Net Income
DateAfter-TaxPre-Tax
2015$1,694.0$2,611.0
2016$1,914.0$2,968.0
2017$1,782.0$3,281.0
2018$2,703.0$3,613.0
2019$3,071.0$4,162.0
2011$1,156.0$1,156.0
2012$1,507.0$2,083.0
2013$1,347.0$2,087.0
2014$1,438.0$2,317.0
Net Income
After-Tax
Pre-Tax
Cost of Dep Chart
20152015
20162016
20172017
20182018
20192019
FVB
Peer
Cost of Deposits
0.0059
0.0061
0.0056
0.0063
0.006
0.0064
0.0098
0.008
0.017
0.0122
Cost of Dep Data
Cost of Deposits
2015201620172018201920072008200920102011201220132014
FVB0.59%0.56%0.60%0.98%1.70%4.79%3.78%2.74%1.93%1.33%0.98%0.79%0.66%
Peer0.61%0.63%0.64%0.80%1.22%4.29%3.44%2.47%1.85%1.33%1.01%0.82%0.67%
Change-0.02%-0.07%-0.04%0.18%0.48%0.50%0.34%0.27%0.08%0.00%-0.03%-0.03%-0.01%
From Peer report from Centerstate and the "Rates on Interest Bearing Deposits"
Yield On Loans chart
20152015
20162016
20172017
20182018
20192019
FVB
Peer
Yield on Loans
0.056
0.059
0.0545
0.0581
0.0539
0.0566
0.0556
0.0587
0.0582
0.0601
Yield on Loans
Yield on Loans
2015201620172018201920072008200920102011201220132014
FVB5.60%5.45%5.39%5.56%5.82%8.22%6.86%6.28%6.46%6.28%6.11%5.89%5.78%
Peer5.90%5.81%5.66%5.87%6.01%8.68%7.74%6.96%6.81%6.72%6.57%6.23%5.92%
Change-0.30%-0.36%-0.27%-0.31%-0.19%-0.46%-0.88%-0.68%-0.35%-0.44%-0.46%-0.34%-0.14%
Risk Ratio Chart
20152015
20162016
20172017
20182018
20192019
FVB
Peer
Tier 1 Risk Ratio
0.1667
0.1533
0.1603
0.1648
0.1515
0.1588
0.1342
0.144
0.1385
0.1489
Risk Ratio Data
Risk Ratio
2015201620172018201920072008200920102011201220132014
FVB16.67%16.03%15.15%13.42%13.85%21.31%16.06%16.63%16.72%17.87%16.00%15.66%15.94%
Peer15.33%16.48%15.88%14.40%14.89%14.01%13.17%13.66%14.24%15.22%15.86%16.07%15.87%
Change1.34%-0.45%-0.73%-0.98%-1.04%7.30%2.89%2.97%2.48%2.65%0.14%-0.41%0.07%
Used the Peer report excluding American City Bank from the Peer Group
Growth Rate Analysis
Performance Ratios (% of Average Assets)
First Vision BankCustom Peer Group
2012201320142015Performance Ratios2015201420132012
11.18%11.17%1.67%14.38%Asset Growth Rate5.51%5.12%-0.69%5.51%
11.07%12.26%2.94%16.45%Deposits Growth Rate5.28%5.22%-0.22%6.47%
7.31%5.43%5.71%5.67%Equity Capital Growth Rate4.79%4.59%5.27%5.07%
1.11%0.91%0.88%0.96%Return on Assets1.16%1.16%1.01%0.86%
8.56%7.23%7.36%8.14%Return on Equity Capital9.95%10.22%9.12%7.77%
Not updated
Dividends Chart
2016
2017
2018
2019
2020
Dividends Paid ($)
Dividends Paid $
Dividend History
497
550
560
573
584
Div Chart Updated
2016 ($.28/sh)2016 ($.28/sh)2016 ($.28/sh)
2017 ($.31/sh)2017 ($.31/sh)2017 ($.31/sh)
2018 ($.32/sh)2018 ($.32/sh)2018 ($.32/sh)
2019 ($.33/sh)2019 ($.33/sh)2019 ($.33/sh)
2020 ($.34/sh)2020 ($.34/sh)2020 ($.34/sh)
Dividends Paid ($)
% of Net Income
EPS
Dividends Paid / % of Net Income
497
0.2933884298
1.088957117
550
0.2873563218
1.0245882268
560
0.3149606299
1.567609705
573
0.2119866815
1.8140604387
584
0.1901660697
Dividends
Yield on Loans
2016 ($.28/sh)2017 ($.31/sh)2018 ($.32/sh)2019 ($.33/sh)2020 ($.34/sh)2011 $.10/sh2012 $.15/sh2013 $.20/sh)2014 $.20/sh2015 ($.25/sh)
Year Paid20162017201820192020Total20112012201320142015
Dividends Paid ($)$ 497$ 550$ 560$ 573$ 584$ 4,369$ 1,605$ 178$ 267$ 357$ 357$ 446
% Increase11.43%10.66%1.82%2.32%1.92%50.00%33.71%0.00%100.00%
Net Income prev Yr$1,694.0$1,914.0$1,778.0$2,703.0$3,071.0$625.0$1,156.0$1,507.0$1,347.0$1,438.0
% of Net Income29.34%28.74%31.50%21.20%19.02%26.50%31.02%
Earnings Per Share$ 1.09$ 1.02$ 1.57$ 1.81$ - 0
Net Income$ 1,914,430.17$ 1,777,880.86$ 2,703,288.07$ 3,071,064.64
# of Shares1,758,0401,735,2151,724,4651,692,923
1,329,481$ 0.33000$ 438,728.73
163,372$ 0.34650$ 56,608.40
229,570$ 0.33990$ 78,030.84
$ 573,367.97
Dividends Paid ($)% of Net IncomeEPS
2016 ($.28/sh)$ 49729.34%$ 1.09
2017 ($.31/sh)$ 55028.74%$ 1.02
2018 ($.32/sh)$ 56031.50%$ 1.57
2019 ($.33/sh)$ 57321.20%$ 1.81
2020 ($.34/sh)$ 58419.02%
Capital
Capital
201520162017201820192011201220132014
Capital$ 21,401$ 22,591$ 23,591$ 25,466$ 27,742$ 16,940$ 18,233$ 18,936$ 20,254
Capital
Capital
First Vision Bank Capital
Earnings Per Share
# of SharesNet Income
2015(EPS $0.96)1,758,465$ 1,693,606.86$ 0.96
2016(EPS $1.09)1,758,040$ 1,914,430.17$ 1.09
2017(EPS $1.02)1,735,215$ 1,777,880.86$ 1.02
2018(EPS $1.57)1,724,465$ 2,703,288.07$ 1.57
2019(EPS $1.81)1,692,923$ 3,071,064.64$ 1.81
Earnings Per Share
# of Shares
Net Income
Earnings Per Share
Chart1
2015(EPS $0.96)2015(EPS $0.96)
2016(EPS $1.09)2016(EPS $1.09)
2017(EPS $1.02)2017(EPS $1.02)
2018(EPS $1.57)2018(EPS $1.57)
2019(EPS $1.81)2019(EPS $1.81)
# of Shares
Net Income
Earnings Per Share
1758465
1693606.86
1758040
1914430.17
1735215
1777880.86
1724465
2703288.07
1692923
3071064.64
Loans Chart
20152015
20162016
20172017
20182018
20192019
LOANS
Loans $
Growth %
Millions
[]
[]
[]
136.1
0.0558572537
147.4
0.0830271859
161.7
0.0970149254
203.4
0.2578849722
209.3
0.029006883
Loans
Loans $Growth %
2015$136.15.59%
2016$147.48.30%
2017$161.79.70%
2018$203.425.79%
2019$209.32.90%
2005$5.3
2006$40.5
2007$62.70.00%
2008$83.833.65%
2009$88.70.00%
2010$93.50.00%
2011$93.50.00%
2012$112.4
2013$120.90.00%
2014$128.90.00%
Deposits Chart
20152015
20162016
20172017
20182018
20192019
DEPOSITS
Deposits
Growth %
Millions
161.3
0.1646209386
170.4
0.056416615
185.3
0.0874413146
205.3
0.1079330815
234.3
0.1412566975
Deposits
DepositsGrowth %
2015$161.316.46%6/30/07$49.7
2016$170.45.64%
2017$185.38.74%
2018$205.310.79%
2019$234.314.13%
2005$7.6
2006$38.0
2007$63.1
2008$76.621.39%
2009$93.8
2010$98.8
2011$107.90.00%
2012$119.9
2013$134.60.00%
2014$138.50.00%
Total Assets Chart
20152015
20162016
20172017
20182018
20192019
TOTAL ASSETS
Total Assets
Growth %
Millions
185.3
0.1438271605
194.6
0.0501888829
211.1
0.0847893114
249.7
0.182851729
277.2
0.1101321586
Total Assets
Total AssetsGrowth %
2015$185.314.38%6/30/07$64.6
2016$194.65.02%
2017$211.18.48%
2018$249.718.29%
2019$277.211.01%
2005$22.3
2006$52.8
2007$78.90.00%
2008$98.825.22%
2009$114.9
2010$120.6
2011$129.00.00%
2012$143.2
2013
2014$162.00.00%
Net Income Chart
2015
2016
2017
2018
2019
Thousands
Net Income
1694
1914
1782
2703
3071
New Net Inc
New Net Inc
20152015
20162016
20172017
20182018
20192019
After-Tax
Pre-Tax
Net Income
1694
2611
1914
2968
1782
3281
2703
3613
3071
4162
Net Income
DateAfter-TaxPre-Tax
2015$1,694.0$2,611.0
2016$1,914.0$2,968.0
2017$1,782.0$3,281.0
2018$2,703.0$3,613.0
2019$3,071.0$4,162.0
2011$1,156.0$1,156.0
2012$1,507.0$2,083.0
2013$1,347.0$2,087.0
2014$1,438.0$2,317.0
Net Income
After-Tax
Pre-Tax
Cost of Dep Chart
20152015
20162016
20172017
20182018
20192019
FVB
Peer
Cost of Deposits
0.0059
0.0061
0.0056
0.0063
0.006
0.0064
0.0098
0.008
0.017
0.0122
Cost of Dep Data
Cost of Deposits
2015201620172018201920072008200920102011201220132014
FVB0.59%0.56%0.60%0.98%1.70%4.79%3.78%2.74%1.93%1.33%0.98%0.79%0.66%
Peer0.61%0.63%0.64%0.80%1.22%4.29%3.44%2.47%1.85%1.33%1.01%0.82%0.67%
Change-0.02%-0.07%-0.04%0.18%0.48%0.50%0.34%0.27%0.08%0.00%-0.03%-0.03%-0.01%
From Peer report from Centerstate and the "Rates on Interest Bearing Deposits"
Yield On Loans chart
20152015
20162016
20172017
20182018
20192019
FVB
Peer
Yield on Loans
0.056
0.059
0.0545
0.0581
0.0539
0.0566
0.0556
0.0587
0.0582
0.0601
Yield on Loans
Yield on Loans
2015201620172018201920072008200920102011201220132014
FVB5.60%5.45%5.39%5.56%5.82%8.22%6.86%6.28%6.46%6.28%6.11%5.89%5.78%
Peer5.90%5.81%5.66%5.87%6.01%8.68%7.74%6.96%6.81%6.72%6.57%6.23%5.92%
Change-0.30%-0.36%-0.27%-0.31%-0.19%-0.46%-0.88%-0.68%-0.35%-0.44%-0.46%-0.34%-0.14%
Risk Ratio Chart
20152015
20162016
20172017
20182018
20192019
FVB
Peer
Tier 1 Risk Ratio
0.1667
0.1533
0.1603
0.1648
0.1515
0.1588
0.1342
0.144
0.1385
0.1489
Risk Ratio Data
Risk Ratio
2015201620172018201920072008200920102011201220132014
FVB16.67%16.03%15.15%13.42%13.85%21.31%16.06%16.63%16.72%17.87%16.00%15.66%15.94%
Peer15.33%16.48%15.88%14.40%14.89%14.01%13.17%13.66%14.24%15.22%15.86%16.07%15.87%
Change1.34%-0.45%-0.73%-0.98%-1.04%7.30%2.89%2.97%2.48%2.65%0.14%-0.41%0.07%
Used the Peer report excluding American City Bank from the Peer Group
Growth Rate Analysis
Performance Ratios (% of Average Assets)
First Vision BankCustom Peer Group
2012201320142015Performance Ratios2015201420132012
11.18%11.17%1.67%14.38%Asset Growth Rate5.51%5.12%-0.69%5.51%
11.07%12.26%2.94%16.45%Deposits Growth Rate5.28%5.22%-0.22%6.47%
7.31%5.43%5.71%5.67%Equity Capital Growth Rate4.79%4.59%5.27%5.07%
1.11%0.91%0.88%0.96%Return on Assets1.16%1.16%1.01%0.86%
8.56%7.23%7.36%8.14%Return on Equity Capital9.95%10.22%9.12%7.77%
Not updated
Dividends Chart
2016
2017
2018
2019
2020
Dividends Paid ($)
Dividends Paid $
Dividend History
497
550
560
573
584
Div Chart Updated
2016 ($.28/sh)2016 ($.28/sh)2016 ($.28/sh)
2017 ($.31/sh)2017 ($.31/sh)2017 ($.31/sh)
2018 ($.32/sh)2018 ($.32/sh)2018 ($.32/sh)
2019 ($.33/sh)2019 ($.33/sh)2019 ($.33/sh)
2020 ($.34/sh)2020 ($.34/sh)2020 ($.34/sh)
Dividends Paid ($)
% of Net Income
EPS
Dividends Paid / % of Net Income
497
0.2933884298
1.088957117
550
0.2873563218
1.0245882268
560
0.3149606299
1.567609705
573
0.2119866815
1.8140604387
584
0.1901660697
Dividends
Yield on Loans
2016 ($.28/sh)2017 ($.31/sh)2018 ($.32/sh)2019 ($.33/sh)2020 ($.34/sh)2011 $.10/sh2012 $.15/sh2013 $.20/sh)2014 $.20/sh2015 ($.25/sh)
Year Paid20162017201820192020Total20112012201320142015
Dividends Paid ($)$ 497$ 550$ 560$ 573$ 584$ 4,369$ 1,605$ 178$ 267$ 357$ 357$ 446
% Increase11.43%10.66%1.82%2.32%1.92%50.00%33.71%0.00%100.00%
Net Income prev Yr$1,694.0$1,914.0$1,778.0$2,703.0$3,071.0$625.0$1,156.0$1,507.0$1,347.0$1,438.0
% of Net Income29.34%28.74%31.50%21.20%19.02%26.50%31.02%
Earnings Per Share$ 1.09$ 1.02$ 1.57$ 1.81$ - 0
Net Income$ 1,914,430.17$ 1,777,880.86$ 2,703,288.07$ 3,071,064.64
# of Shares1,758,0401,735,2151,724,4651,692,923
1,329,481$ 0.33000$ 438,728.73
163,372$ 0.34650$ 56,608.40
229,570$ 0.33990$ 78,030.84
$ 573,367.97
Dividends Paid ($)% of Net IncomeEPS
2016 ($.28/sh)$ 49729.34%$ 1.09
2017 ($.31/sh)$ 55028.74%$ 1.02
2018 ($.32/sh)$ 56031.50%$ 1.57
2019 ($.33/sh)$ 57321.20%$ 1.81
2020 ($.34/sh)$ 58419.02%
Capital
Capital
201520162017201820192011201220132014
Capital$ 21,401$ 22,591$ 23,591$ 25,466$ 27,742$ 16,940$ 18,233$ 18,936$ 20,254
Capital
Capital
First Vision Bank Capital
Earnings Per Share
# of SharesNet Income
2015(EPS $0.96)1,758,465$ 1,693,606.86
2016(EPS $1.09)1,758,040$ 1,914,430.17
2017(EPS $1.02)1,735,215$ 1,777,880.86
2018(EPS $1.57)1,724,465$ 2,703,288.07
2019(EPS $1.81)1,692,923$ 3,071,064.64
Earnings Per Share
# of Shares
Net Income
Earnings Per Share
FVM 2019 Data
Closed 286 Loans
Volume $56.4 million
Purchases 64%Refinance 36%
Conventional 62%Government 38%
Ricky Foster Memorial Scholarship
Presented by:
The Foster Family & First Vision Bank Franklin County Financial / Jeff Owens
$4000 annually
To Benefit High School Seniors in Franklin County
Ricky Foster Memorial Scholarship
Presented by:
The Foster Family & First Vision Bank
Franklin County Financial / Jeff Owens
$4000 annually
To Benefit High School Seniors in Franklin County
DIVIDENDS
Common Stock $.34 per share
SD Stock $.3502 per share
PD Stock $.357 per share
DIVIDENDS
Common Stock $.34 per share
SD Stock $.3502 per share
PD Stock $.357 per share
Chart1
2016 ($.28/sh)2016 ($.28/sh)2016 ($.28/sh)
2017 ($.31/sh)2017 ($.31/sh)2017 ($.31/sh)
2018 ($.32/sh)2018 ($.32/sh)2018 ($.32/sh)
2019 ($.33/sh)2019 ($.33/sh)2019 ($.33/sh)
2020 ($.34/sh)2020 ($.34/sh)2020 ($.34/sh)
Dividends Paid ($)
% of Net Income
EPS
Dividends Paid / % of Net Income
497
0.2933884298
1.088957117
550
0.2873563218
1.0245882268
560
0.3149606299
1.567609705
573
0.2119866815
1.8140604387
584
0.1901660697
Loans Chart
20152015
20162016
20172017
20182018
20192019
LOANS
Loans $
Growth %
Millions
[]
[]
[]
136.1
0.0558572537
147.4
0.0830271859
161.7
0.0970149254
203.4
0.2578849722
209.3
0.029006883
Loans
Loans $Growth %
2015$136.15.59%
2016$147.48.30%
2017$161.79.70%
2018$203.425.79%
2019$209.32.90%
2005$5.3
2006$40.5
2007$62.70.00%
2008$83.833.65%
2009$88.70.00%
2010$93.50.00%
2011$93.50.00%
2012$112.4
2013$120.90.00%
2014$128.90.00%
Deposits Chart
20152015
20162016
20172017
20182018
20192019
DEPOSITS
Deposits
Growth %
Millions
161.3
0.1646209386
170.4
0.056416615
185.3
0.0874413146
205.3
0.1079330815
234.3
0.1412566975
Deposits
DepositsGrowth %
2015$161.316.46%6/30/07$49.7
2016$170.45.64%
2017$185.38.74%
2018$205.310.79%
2019$234.314.13%
2005$7.6
2006$38.0
2007$63.1
2008$76.621.39%
2009$93.8
2010$98.8
2011$107.90.00%
2012$119.9
2013$134.60.00%
2014$138.50.00%
Total Assets Chart
20152015
20162016
20172017
20182018
20192019
TOTAL ASSETS
Total Assets
Growth %
Millions
185.3
0.1438271605
194.6
0.0501888829
211.1
0.0847893114
249.7
0.182851729
277.2
0.1101321586
Total Assets
Total AssetsGrowth %
2015$185.314.38%6/30/07$64.6
2016$194.65.02%
2017$211.18.48%
2018$249.718.29%
2019$277.211.01%
2005$22.3
2006$52.8
2007$78.90.00%
2008$98.825.22%
2009$114.9
2010$120.6
2011$129.00.00%
2012$143.2
2013
2014$162.00.00%
Net Income Chart
2015
2016
2017
2018
2019
Thousands
Net Income
1694
1914
1782
2703
3071
New Net Inc
New Net Inc
20152015
20162016
20172017
20182018
20192019
After-Tax
Pre-Tax
Net Income
1694
2611
1914
2968
1782
3281
2703
3613
3071
4162
Net Income
DateAfter-TaxPre-Tax
2015$1,694.0$2,611.0
2016$1,914.0$2,968.0
2017$1,782.0$3,281.0
2018$2,703.0$3,613.0
2019$3,071.0$4,162.0
2011$1,156.0$1,156.0
2012$1,507.0$2,083.0
2013$1,347.0$2,087.0
2014$1,438.0$2,317.0
Net Income
After-Tax
Pre-Tax
Cost of Dep Chart
20152015
20162016
20172017
20182018
20192019
FVB
Peer
Cost of Deposits
0.0059
0.0061
0.0056
0.0063
0.006
0.0064
0.0098
0.008
0.017
0.0122
Cost of Dep Data
Cost of Deposits
2015201620172018201920072008200920102011201220132014
FVB0.59%0.56%0.60%0.98%1.70%4.79%3.78%2.74%1.93%1.33%0.98%0.79%0.66%
Peer0.61%0.63%0.64%0.80%1.22%4.29%3.44%2.47%1.85%1.33%1.01%0.82%0.67%
Change-0.02%-0.07%-0.04%0.18%0.48%0.50%0.34%0.27%0.08%0.00%-0.03%-0.03%-0.01%
From Peer report from Centerstate and the "Rates on Interest Bearing Deposits"
Yield On Loans chart
20152015
20162016
20172017
20182018
20192019
FVB
Peer
Yield on Loans
0.056
0.059
0.0545
0.0581
0.0539
0.0566
0.0556
0.0587
0.0582
0.0601
Yield on Loans
Yield on Loans
2015201620172018201920072008200920102011201220132014
FVB5.60%5.45%5.39%5.56%5.82%8.22%6.86%6.28%6.46%6.28%6.11%5.89%5.78%
Peer5.90%5.81%5.66%5.87%6.01%8.68%7.74%6.96%6.81%6.72%6.57%6.23%5.92%
Change-0.30%-0.36%-0.27%-0.31%-0.19%-0.46%-0.88%-0.68%-0.35%-0.44%-0.46%-0.34%-0.14%
Risk Ratio Chart
20152015
20162016
20172017
20182018
20192019
FVB
Peer
Tier 1 Risk Ratio
0.1667
0.1533
0.1603
0.1648
0.1515
0.1588
0.1342
0.144
0.1385
0.1489
Risk Ratio Data
Risk Ratio
2015201620172018201920072008200920102011201220132014
FVB16.67%16.03%15.15%13.42%13.85%21.31%16.06%16.63%16.72%17.87%16.00%15.66%15.94%
Peer15.33%16.48%15.88%14.40%14.89%14.01%13.17%13.66%14.24%15.22%15.86%16.07%15.87%
Change1.34%-0.45%-0.73%-0.98%-1.04%7.30%2.89%2.97%2.48%2.65%0.14%-0.41%0.07%
Used the Peer report excluding American City Bank from the Peer Group
Growth Rate Analysis
Performance Ratios (% of Average Assets)
First Vision BankCustom Peer Group
2012201320142015Performance Ratios2015201420132012
11.18%11.17%1.67%14.38%Asset Growth Rate5.51%5.12%-0.69%5.51%
11.07%12.26%2.94%16.45%Deposits Growth Rate5.28%5.22%-0.22%6.47%
7.31%5.43%5.71%5.67%Equity Capital Growth Rate4.79%4.59%5.27%5.07%
1.11%0.91%0.88%0.96%Return on Assets1.16%1.16%1.01%0.86%
8.56%7.23%7.36%8.14%Return on Equity Capital9.95%10.22%9.12%7.77%
Not updated
Dividends Chart
2016
2017
2018
2019
2020
Dividends Paid ($)
Dividends Paid $
Dividend History
497
550
560
573
584
Div Chart Updated
2016 ($.28/sh)2016 ($.28/sh)2016 ($.28/sh)
2017 ($.31/sh)2017 ($.31/sh)2017 ($.31/sh)
2018 ($.32/sh)2018 ($.32/sh)2018 ($.32/sh)
2019 ($.33/sh)2019 ($.33/sh)2019 ($.33/sh)
2020 ($.34/sh)2020 ($.34/sh)2020 ($.34/sh)
Dividends Paid ($)
% of Net Income
EPS
Dividends Paid / % of Net Income
497
0.2933884298
1.088957117
550
0.2873563218
1.0245882268
560
0.3149606299
1.567609705
573
0.2119866815
1.8140604387
584
0.1901660697
Dividends
Yield on Loans
2016 ($.28/sh)2017 ($.31/sh)2018 ($.32/sh)2019 ($.33/sh)2020 ($.34/sh)2011 $.10/sh2012 $.15/sh2013 $.20/sh)2014 $.20/sh2015 ($.25/sh)
Year Paid20162017201820192020Total20112012201320142015
Dividends Paid ($)$ 497$ 550$ 560$ 573$ 584$ 4,369$ 1,605$ 178$ 267$ 357$ 357$ 446
% Increase11.43%10.66%1.82%2.32%1.92%50.00%33.71%0.00%100.00%
Net Income prev Yr$1,694.0$1,914.0$1,778.0$2,703.0$3,071.0$625.0$1,156.0$1,507.0$1,347.0$1,438.0
% of Net Income29.34%28.74%31.50%21.20%19.02%26.50%31.02%
Earnings Per Share$ 1.09$ 1.02$ 1.57$ 1.81$ - 0
Net Income$ 1,914,430.17$ 1,777,880.86$ 2,703,288.07$ 3,071,064.64
# of Shares1,758,0401,735,2151,724,4651,692,923
1,329,481$ 0.33000$ 438,728.73
163,372$ 0.34650$ 56,608.40
229,570$ 0.33990$ 78,030.84
$ 573,367.97
Dividends Paid ($)% of Net IncomeEPS
2016 ($.28/sh)$ 49729.34%$ 1.09
2017 ($.31/sh)$ 55028.74%$ 1.02
2018 ($.32/sh)$ 56031.50%$ 1.57
2019 ($.33/sh)$ 57321.20%$ 1.81
2020 ($.34/sh)$ 58419.02%
Capital
Capital
201520162017201820192011201220132014
Capital$ 21,401$ 22,591$ 23,591$ 25,466$ 27,742$ 16,940$ 18,233$ 18,936$ 20,254
Capital
Capital
First Vision Bank Capital
Earnings Per Share
# of SharesNet Income
2015(EPS $0.96)1,758,465$ 1,693,606.86
2016(EPS $1.09)1,758,040$ 1,914,430.17
2017(EPS $1.02)1,735,215$ 1,777,880.86
2018(EPS $1.57)1,724,465$ 2,703,288.07
2019(EPS $1.81)1,692,923$ 3,071,064.64
Earnings Per Share
# of Shares
Net Income
Earnings Per Share
Total DividendsPaid
$4,639,000
Thank you for joining us!!
Slide Number 1Annual Shareholders MeetingSlide Number 3Board of DirectorsSlide Number 5Slide Number 6Slide Number 7Slide Number 8Slide Number 9Slide Number 10Slide Number 11Slide Number 12Slide Number 13Slide Number 14FVM 2019 DataSlide Number 16Slide Number 17Slide Number 18Slide Number 19Slide Number 20
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