Prime Meridian Holding (PMHG) 8-K Regulation FD Disclosure

2018

Annual

Shareholder

Meeting

Exhibit 99.1

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2

Forward Looking Statements

This

Presentation,

including

information

incorporated

herein

by

reference,

may

contain

forward-looking

statements

within

the

meaning

of

the

Private

Securities

Litigation

Reform

Act

of

1995.

Words

such

as

“may,”

“could,”

“should,”

“would,”

“believe,”

“anticipate,”

“estimate,”

“expect,”

“intend,”

“plan,”

“project,”

“is

confident

that,”

and

similar

expressions

are

intended

to

identify

these

forward-looking

statements.

These

forward-looking

statements

involve

risk

and

uncertainty

and

a

variety

of

factors

could

cause

our

actual

results

and

experience

to

differ

materially

from

the

anticipated

results

or

other

expectations

expressed

in

these

forward-looking

statements.

We

do

not

have

a

policy

of

updating

or

revising

forward

looking

statements

except

as

otherwise

required

by

law,

and

silence

by

management

over

time

should

not

be

construed

to

mean

that

actual

events

are

occurring

as

estimated

in

such

forward-looking

statements.

Our

ability

to

predict

results

or

the

actual

effect

of

future

plans

or

strategies

is

inherently

uncertain.

Factors

that

could

have

a

material

adverse

effect

on

our

operations

and

the

operations

of

our

subsidiary,

Prime

Meridian

Bank,

include,

but

are

not

limited

to,

changes

in:

•

risk factors named in the Prospectus

•

general economic conditions

•

legislative/regulatory changes

•

monetary and fiscal policies of the U.S. Government

•

the quality and composition of our loan or investment portfolios

•

competition

•

demand for loan and deposit products

•

demand for financial services in our primary trade area

•

litigation, tax, and other regulatory matters

•

accounting principles and guidelines

•

other economic, competitive, governmental, regulatory, or technological factors affecting us

The

factors

listed

above

should

not

be

construed

as

exhaustive.

A

number

of

important

factors

could

cause

actual

results

to

differ

materially

from

those

indicated

by

the

forward-looking

statements.

Information

on

these

factors

can

be

found

in

the

Company’s

Annual

Report

on

Form

10-K

for

the

year

ended

December

31,

2017,

and

other

reports

and

statements

Prime

Meridian

Holding

Company

has

filed

with

the

Securities

and

Exchange

Commission

which

are

available

at

its

website

(www.sec.gov).

We

do

not

have

a

policy

of

updating

or

revising

forward-looking

statements

except

as

otherwise

required

by

law,

and

silence

by

management

over

time

should

not

be

construed

to

mean

that

actual

events

are

occurring

as

estimated

in

such

forward-looking

statements.

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4

March 2018

Crawfordville market continues to fuel healthy

deposit growth reaching $47 million

Company pays third annual dividend

February 2018

10 Year Anniversary Celebration

Ranked #19 on the OTCQX

Best 50 for 2017 performance

September 2017

PMB ranked #22 nationally in American Banker

annual survey of Best Banks to Work For

May 2017

PMHG concludes successful stock offering

raising $18 million

March 2017

Company pays second annual dividend

Achievements | 2017-2018

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5

Summary Results | 2017

Net income increased 26.9% to $2.8 million from 2016 to 2017, boosted by

solid growth in both net interest income and noninterest income. 

Year over year, the Company again reported double digit loan growth. Net

loans grew 12.3%, or $27.5 million, to $250.3 million, with approximately half

of that growth coming from the commercial real estate sector.

Mortgage banking revenue continues to be a significant driver of our

earnings, accounting for 63.6% of noninterest income in 2017, compared to

57.4% in 2016.

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6

For the year ended December 31, 2017, the Return on Average Assets

was 0.85% and the Return on Average Equity was 7.17%.  Excluding the

one-time deferred tax adjustment of $155,000* the Return on Average

Assets was 0.90% and the Return on Average Equity was 7.57%.

The Company completed a capital offering in the second quarter of 2017

which raised $18 million and strategically positioned the Company for

future growth and expansion.

*As a result of the Tax Cuts and Job Act, the Company revalued its deferred tax asset position to

reflect a reduction in its federal corporate income tax rate from 34% to 21%.

Summary Results | 2017

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7

Increasing Franchise Value

CAGR=compound annual growth rate. Unless otherwise indicated, all financial data as of December 31 of the respective year unless

noted. Source: S&P Global, internal company documents.

103

139

170

206

210

244

304

347

358

2010

2011

2012

2013

2014

2015

2016

2017

2018Q1

Total Assets

($ in millions)

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8

Increasing Franchise Value

CAGR=compound annual growth rate. Unless otherwise indicated, all financial data as of December 31 of the respective year unless

noted. Source: S&P Global, internal company documents.

65

78

95

123

156

192

225

253

276

2010

2011

2012

2013

2014

2015

2016

2017

2018Q1

Gross Loans

($ in millions)

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9

Asset Quality

Prime Meridian Bank has maintained exceptionally strong asset quality.

NPAs/Total Assets (%)

NPA = Nonperforming Assets

PMB

Southeast Peers*

Source: S&P Global and internal company documents. PMB peer analysis vs. select, comparable Southeastern banks with $250 to $500 million in assets. All financial

data as of December 31 of the respective year unless otherwise noted.

0.00

0.00

0.06

0.00

0.08

0.06

0.27

0.04

0.10

0.75

0.00

0.10

0.20

0.30

0.40

0.50

0.60

0.70

0.80

2010

2011

2012

2013

2014

2015

2016

2017

2018Q1

2018Q1

Southeast

Peer Average

*Southeast Peers  Comparison reflects corresponding bank level data for Aquesta Bank, Athens Federal Community Bank, NA, Bank of Botetourt, Bank of Charles Town, Bank of

Oak Ridge, Bank of South Carolina, Capon Valley Bank, Carolina Trust Bank, Citizens Bank & Trust, Citizens Bank and Trust Company, Citizens Trust Bank, First IC Bank, First

National Bank, First Reliance Bank, Grant County Bank, Heritage Bank (Jonesboro, GA), Jefferson Security Bank, KS Bank, Inc., Lifestore Bank (MHC), Mechanics and Farmers

Bank, MidSouth Bank, Paragon Bank, Planters First Bank, Southeastern Bank, Southwest Georgia Bank, and Surrey Bank & Trust.

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10

Increasing Franchise Value

CAGR=compound annual growth rate. Unless otherwise indicated, all financial data as of December 31 of the respective year unless

noted. Source: S&P Global, internal company documents.

86

116

147

183

184

218

275

298

309

2010

2011

2012

2013

2014

2015

2016

2017

2018Q1

Total Deposits

($ in millions)

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11

Increasing Franchise Value

1.24

0.96

0.62

0.42

0.35

0.35

0.33

0.41

0.53

2010

2011

2012

2013

2014

2015

2016

2017

2018Q1

Cost of Funds (%)

CAGR=compound annual growth rate. Unless otherwise indicated, all financial data as of December 31 of the respective year unless

noted. Source: S&P Global, internal company documents.

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12

Building Shareholder Value

CAGR=compound annual growth rate.  Note: Prime Meridian raised $12.8 million in a common stock offering in 2008; approximately 

$2.0 million in

2010 through the exercise of warrants; $5.4 million in a common stock offering in 2014; and $18.0 million in a common

stock offering in 2017  Source: S&P Global, internal company documents.

201

616

1,018

1,149

1,006

1,704

2,220

2,817

536

754

2010

2011

2012

2013

2014

2015

2016

2017

2017Q1

2018Q1

Net Income

($ in thousands)

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13

0.12

0.41

0.68

0.77

0.59

0.88

1.12

1.04

0.27

0.24

2010

2011

2012

2013

2014

2015

2016

2017

2017Q1

2018Q1

Earnings Per Share ($)

Building Shareholder Value

CAGR=compound annual growth rate.  Note: Prime Meridian raised $12.8 million in a common stock offering in 2008; approximately 

$2.0 million in

2010 through the exercise of warrants; $5.4 million in a common stock offering in 2014; and $18.0 million in a common

stock offering in 2017  Source: S&P Global, internal company documents.

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14

Building Shareholder Value

CAGR=compound annual growth rate.  Note: Prime Meridian raised $12.8 million in a common stock offering in 2008; approximately 

$2.0 million in

2010 through the exercise of warrants; $5.4 million in a common stock offering in 2014; and $18.0 million in a common

stock offering in 2017  Source: S&P Global, internal company documents.

13.7

15.1

16.0

16.4

22.9

24.9

27.1

47.0

46.9

2010

2011

2012

2013

2014

2015

2016

2017

2018Q1

Total Equity

($ in millions)

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15

Building Shareholder Value

CAGR=compound annual growth rate.  Note: Prime Meridian raised $12.8 million in a common stock offering in 2008; approximately 

$2.0 million in

2010 through the exercise of warrants; $5.4 million in a common stock offering in 2014; and $18.0 million in a common

stock offering in 2017  Source: S&P Global, internal company documents.

9.18

10.09

10.72

10.92

11.78

12.62

13.51

15.06

15.03

2010

2011

2012

2013

2014

2015

2016

2017

2018Q1

Tangible Book Value Per Share ($)

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16

Growth through support of shareholders

Continue to evaluate acquisition and/or branching

opportunities

Maintain our position as one of the top mortgage

originators in the Leon market

Assess current and emerging products and services

that capitalize on market conditions

Goals | 2018-2019

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17

Who We Are. What We Stand For.

MISSION

Building bankers to serve our clients and community

in order to optimize shareholder value.

PURPOSE

Banking

done right, right away.

CORE

PRINCIPLES

•

Passion

–

level of intense excellence and commitment beyond simply meeting

requirements

•

Grace

–

high level of service with courtesy and compassion

•

Integrity

–

doing the right thing because it’s the right thing to do

•

Tenacity

–

culture of looking at new ideas, tackling challenges and overcoming

obstacles

•

Accountability

–

personally accepting full and ultimate responsibility

as well as holding

one another accountable.

Company Culture

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18

Best Banks To Work For

Since 2015

5 Star Rating

(32 Consecutive Quarters by Bauer Financial, the

nation's leading bank rating and research firm)

Ranked #19 on the OTCQX Best 50:

the top performing companies on the OTCQX

Best Market based on 2017 total return and growth in

average daily dollar volume

Company Culture

Questions?

•

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•

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