![]() Community Meeting ________ __, 2010 The shares of common stock being offered are not deposits or savings accounts and are not insured by the Federal Deposit Insurance Corporation or any other government agency. This is not an offer to sell or a solicitation of an offer to buy common stock. The offer is made only by the Prospectus that is part of a Registration Statement filed with the SEC. Exhibit 99.5 |
![]() 1 Forward-Looking Statements This presentation contains forward-looking statements, which can be identified by the use of such words as estimate, project, believe, intend, anticipate, plan, seek, expect and similar expressions. These forward-looking statements include: •statements of our goals, intentions and expectations; •statements regarding our business plans and prospects and growth and operating strategies; •statements regarding the asset quality of our loan and investment portfolios; and •estimates of our risks and future costs and benefits. These forward-looking statements are subject to significant risks, assumptions and uncertainties, including, among other things, the following important factors that could affect the actual outcome of future events: •our ability to manage our operations under the current adverse economic conditions nationally and in our market area; •adverse changes in the financial industry, securities, credit and national and local real estate markets (including real estate values); •changes in the interest rate environment that reduce our margins or reduce the fair value of financial instruments and inflation; •further declines in the yield on our assets resulting from the current low market interest rate environment; •risks related to high concentration of loans secured by real estate located in our market area; •significant increases in our loan losses; •potential increases in deposit and premium assessments; •our ability to pay dividends and Oconee Federal, MHC’s ability to waive dividends; •legislative or regulatory changes, including increased compliance costs resulting from the recently enacted financial reform legislation, that adversely affect our business and earnings; •changes in the level of government support of housing finance; •significantly increased competition with either depository and non-depository financial institutions; •changes in accounting policies and practices, as may be adopted by the bank regulatory agencies and the authoritative accounting and auditing bodies; •risks and costs related to becoming a publicly traded company; and •changes in our organization, compensation and benefit plans. Because of these and other uncertainties, our actual future results may be materially different from the results indicated by these forward- looking statements. Oconee Federal does not undertake, and specifically disclaims any obligation to update any forward-looking statements to reflect occurences or unanticipated events or circumstances after the date of such statements. |
![]() Branch Locations • Main Office 115 E. North Second Street Seneca, SC 29678 • Executive Office Annex 201 E. North Second Street Seneca, SC 29678 • Seneca Branch 813 – 123 By-Pass Seneca, SC 29678 • Wahalla Branch 204 W. North Broad Street Wahalla, SC 29691 • Westminster Branch 111 W. Windsor Street Westminster, SC 29693 2 |
![]() Management Team • T. Rhett Evatt, President & Chief Executive Officer and Chairman of the Board of Directors • Curtis T. Evatt, Executive Vice President & Chief Financial Officer and Director • Nancy T. Carter, Senior Vice President & Assistant Treasurer 3 |
![]() Total Assets (In Thousands) 4 |
![]() Asset Mix At June 30, 2010 5 |
![]() Loans Receivable, net (In Thousands) 6 |
![]() Loan Portfolio Mix As a % of Gross Loans at June 30, 2010 7 |
![]() Non-Performing Loans to Total Loans 8 |
![]() Non-Performing Assets to Total Assets 9 |
![]() Total Deposits (In Thousands) 10 |
![]() Deposit Portfolio Mix At June 30, 2010 11 |
![]() Equity (In Thousands) 12 |
![]() Regulatory Capital Ratios At June 30, 2010 13 |
![]() Net Income (In Thousands) 14 |
![]() Net Interest Margin (As a Percent of Average Assets) 15 |
![]() Return on Average Assets 16 |
![]() Return on Average Equity 17 |
![]() Pro Forma Data At or For the Fiscal Year Ended June 30, 2010 Minimum of Range Midpoint of Range Maximum of Range Adjusted Maximum of Range (Dollars in thousands, except per share amounts) Shares Sold in Offering 1,346,400 1,584,000 1,821,600 2,094,840 Sale Price Per Share $ 10.00 $ 10.00 $ 10.00 $ 10.00 Gross Proceeds $ 13,464 $ 15,840 $ 18,216 $ 20,948 Pro Forma Stockholders' Equity $ 69,812 $ 71,757 $ 73,704 $ 75,942 Pro Forma Stockholders' Equity Per Share $ 17.11 $ 14.95 $ 13.35 $ 11.96 Pro Forma Earnings Per Share $ 0.62 $ 0.52 $ 0.45 $ 0.39 Price / Book Ratio 58.45% 66.89% 74.91% 83.61% Price / Earnings Ratio 16.13 x 19.23 x 22.22 x 25.64 x Fully-Converted Price / Book Ratio* 43.63% 48.17% 52.19% 56.27% Fully-Converted Price / Core Earnings Ratio* 16.95 x 20.41 x 23.81 x 28.57 x * Assumes all shares were issued in the offering. Pro Forma Total Shares Issued and Outstanding 4,080,000 4,800,000 5,520,000 6,348,000 (As a percent of Shares Issued and Outstanding) Shares Sold in Offering 33.00% 33.00% 33.00% 33.00% Shares Issued to Charitable Foundation 1.98% 1.98% 1.98% 1.98% Shares Issued to Oconee Federal, MHC 65.02% 65.02% 65.02% 65.02% Total Shares Issued and Outstanding 100.00% 100.00% 100.00% 100.00% 18 |
![]() Dividend Policy • We currently intend to declare and pay a quarterly cash dividend on the common stock equal to $0.10 per share following our board of directors’ review of our financial condition and results of operations for the first full or partial quarter following the completion of the offering. This dividend represents a 4% annual yield assuming a share price of $10.00. • The dividend rate and the continued payment of dividends will depend upon our board of directors’ consideration of a number of factors that are disclosed more fully in the Prospectus. • There can be no assurance that our quarterly cash dividend will not be reduced or eliminated in future periods. 19 |
![]() Preference Categories 1. Eligible Account Holders Depositors who held at least $50 with us on June 30, 2009. 2. Employee Stock Ownership Plan (ESOP) 3. Supplemental Eligible Account Holders Depositors, other than directors and officers of Oconee Federal Financial Corp. and Oconee Federal Savings and Loan Association, who held at least $50 with us on September 30, 2010, and do not qualify under priority (1) above. 4. Other Members Depositors with us on [Voting record date], to the extent not already included in a prior category, and borrowers with us as of October 21, 1991 who maintain borrowings as of [Voting record date]. 5. Local Community Residents of Oconee and Pickens Counties, South Carolina. 6. General Community 20 |
![]() Thank you for your interest! 21 |