![]() Howe Barnes Hoefer & Arnett 11 th Annual Bank Conference August 21 & 22, 2006 Exhibit 99.1 |
![]() MidWestOne Financial Group, Inc. The information contained in this presentation may contain forward-looking statements about the Company’s growth and acquisition strategies, new products and services, and future financial performance, including earnings and dividends per share, return on average assets, return on average equity, and efficiency ratio. Certain statements in this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking information is based upon certain underlying assumptions, risks and uncertainties. Because of the possibility of change in the underlying assumptions, risks and uncertainties, actual results could differ materially from these forward-looking statements. Risks and uncertainties that may affect future results include: competitive pressures, pricing pressures on loans and deposits, actions of bank and non-bank competitors, changes in local and national economic conditions, changes in regulatory requirements, actions of the Securities and Exchange Commission and/or the Federal Reserve Board, and customer’s acceptance of the Company’s products and services. The Company undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
![]() Why Invest in MidWestOne? • Successful community-based bank • New expansion initiatives • Solid financial results • Experienced management team • Attractive dividend yield • Trades at discount to peers |
![]() MidWestOne Financial Group • MidWestOne Bank • MidWestOne Investment Services, Inc. • Cook & Son Agency, Inc. |
![]() MidWestOne Bank • 13 Southern & Eastern Iowa Communities • 17 Full Service Banking Locations • Consolidated Four Charters in 2006 • Quad Cities Expansion • Local Board Representation |
![]() Markets Served by MidWestOne Oskaloosa (2) Pella (2) Ottumwa Sigourney Fairfield (2) North English Belle Plaine Hudson Waterloo Wapello Burlington (2) Fort Madison Davenport (2006) Des Moines Cedar Falls (2007) |
![]() MidWestOne Investment Services • Registered Investment Advisor, Financial Planning and Securities Placement Firm • $130 million Under Management • Producers in Pella and Oskaloosa |
![]() Cook & Son Agency • Property and Casualty Insurance • Acquired in September 2005 • Pella |
![]() MidWestOne Overview • Total Assets $700 million • NASDAQ Global Market “OSKY” • 3.7 million Shares Outstanding • 10 th Largest Iowa-based Bank* • MidWestOne ESOP Largest Shareholder • Russell Microcap Index * Based on June 30, 2005 FDIC deposit data. |
![]() MidWestOne Leadership Years: With MidWestOne In Banking Charles S. Howard 28 28 Chairman, President & CEO David A. Meinert 27 30 Executive Vice President & CFO John P. Pothoven 30 36 President & CEO of MidWestOne Bank Thomas W. Campbell 12 23 Regional President Jerry D. Krause 10 34 Regional President |
![]() Financial Review |
![]() Total Assets $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 2000 2001 2002 2003 2004 2005 Jun-06 |
![]() Total Deposits $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 2000 2001 2002 2003 2004 2005 Jun-06 |
![]() Total Loans $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 2000 2001 2002 2003 2004 2005 Jun-06 |
![]() Loan Pools • Purchased pools of performing, distressed & non-performing loans • Since 1988 • Above-average return on investment • June 30, 2006 = $92,600,000 • 2006 YTD Yield 10.4% |
![]() Total Shareholders’ Equity $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 2000 2001 2002 2003 2004 2005 Jun-06 |
![]() Net Interest Margin 3.10% 3.20% 3.30% 3.40% 3.50% 3.60% 3.70% 3.80% 3.90% 4.00% 4.10% 4.20% 2001 2002 2003 2004 2005 Jun-06 MWOFG Peer |
![]() Net Income $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 2000 2001 2002 2003 2004 2005 Jun-05 Jun-06 |
![]() Earnings Per Share (Diluted) $0.00 $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 $1.60 $1.80 2000 2001 2002 2003 2004 2005 Jun-05 Jun-06 |
![]() Credit Quality Non-Performing Assets/Total Assets 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% 0.70% 2001 2002 2003 2004 2005 Jun-06 MWOFG Peer |
![]() OSKY Total Return Performance 0 50 100 150 200 250 300 350 2000 2001 2002 2003 2004 2005 MidWestOne Financial Group, Inc. NASDAQ Composite SNL Midwest Bank Index MidWestOne Custom Peer Group |
![]() Future Prospects |
![]() MidWestOne Outlook • Branch Expansions – Davenport in 2006 – Cedar Falls in 2007 – Other Growth Markets • Bank Acquisitions – Accretive to Earnings – In Larger Growth Markets |
![]() MidWestOne Outlook • P & C Insurance Business – Building Platform – Producers in Branch Locations – Cross Selling Opportunities • Non-insured Investment Products – Additional Producers – Trust Department – Wealth Management Services |
![]() Why invest in OSKY? • Successful community-based bank • New expansion initiatives • Solid financial results • Experienced management team • Attractive dividend yield • Trades at discount to peers |
![]() Positioning Statements Mission Statement Our mission is to maximize shareholder value by a relentless focus on providing efficient service and support to our customers, employees and communities. Vision Statement To be the leading financial services provider in our communities. |
![]() Charles S. Howard David A. Meinert Chairman, President & CEO Executive Vice President & CFO choward@mwofg.com dmeinert@mwofg.com 222 1 st Avenue East | P.O. Box 1104 | Oskaloosa, IA 52577 Phone: (641) 673-8448 | Fax: (641) 673-7836 www.MidWestOneFinancial.com |