First Citizens Banc: Source


The following excerpt is from the company's SEC filing.

Target Market Highlights  Target Market Highlights  FCZA.COM 9 (1) Bloomberg Economic Evaluation States index. (2) U.S. Labor Department. Unemployment data as of May 2014. Ohio has boasted the sixth-healthiest U.S. state economy since the 18-month recession ended in June 2009 (1) Ohio’s unemployment rate of 5.5% is well below U.S. national rate of 6.3.% (2) 674,000 Ohioans are employed in manufacturing, most since December 2008 (2) West Central Ohio North Central Ohio Sandusky / Akron Moving You Ahead

Proven Acquirer and Attractive Organic Growth Profile Proven Acquirer and Attractiv e Organic Growth Profile 10 FCZA.COM 10 Acquired five banks from 1998 – 2007 serving to increase assets approximately $815 million Expanded commercial loan growth in Columbus, Akron & Cleveland markets Since year-end 2010, loan portfolios in these markets have increased from $147 million to $329 million  Low cost, locally generated deposit base Recently hired an experienced residential mortgage team in Columbus / Dublin, Ohio markets Capitalize on loan opportunities in greater Cleveland, Akron, Columbus and other potential urban markets Total Assets Total Gross Loans Total Deposits $s in millions $s in millions $s in millions Moving You Ahead

Managing Duration FCZA.COM 16 3.31 3.31 1.72 1.79 Q2 2014 Q2 2013 Assets Liabilities Duration of Assets and Liabilities Managing Duration Risk Asset duration of less than two years Sell fixed rate mortgages Encourage variable rate commercial lending or swap into variable, if appropriate Limit fixed rate terms to five years Liability duration greater than three years Focus on low-cost “sticky” demand deposits Don’t overprice or overextend time deposits Moving You Ahead

Non-Interest Metrics and Initiatives Non-Interest Metrics and Initiatives FCZA.COM 17 Growing fee income platform Wealth management ~$465 million in AUM Earned $1.6 million YTD, a 28% increase from the prior year Income tax refund processing program Evaluated / refined our process over four tax seasons Specialized payment processing      earned $2.3 million during 2014 Improving efficiency and operating leverage Investment in people Revised retirement plan in Q2 2014 reducing net expenses $195 thousand in 2014 Rightsizing branch network Projected annual cost savings of $450 thousand 0.85% 0.89% 0.98% 1.00% 1.08% 2010 2011 2012 2013 2014Q2 2.20% 2.24% 2.31% 2.63% 2.14% 2010 2011 2012 2013 2014Q2 Non-Interest Income / Average Assets Net Operating Expense / Average Assets Moving You Ahead

Profitability and Returns Analysis Profitability and Returns Analysis FCZA.COM Net Income Available to Common Shareholders ROAA Net Income Available to Common Shareholders 18 ROATCE $(2,444) $2,782 $4,386 $5,020 $2,990 $3,890 2010 2011 2012 2013 2013Q2 YTD 2014Q2 YTD -0.11% 0.35% 0.49% 0.53% 0.57% 0.74% 2010 2011 2012 2013 2013Q2 YTD 2014Q2 YTD -3.42% 7.00% 9.06% 9.93% 10.77% 12.46% 2010 2011 2012 2013 2013Q2 YTD 2014Q2 YTD $s in thousands $(0.32) $0.36 $0.57 $0.65 $0.39 $0.50 2010 2011 2012 2013 2013Q2 YTD 2014Q2 YTD Moving You Ahead

15.07% 15.10% 14.84% 14.32% 14.92% 14.22% 14.36% 14.53% 14.13% 2010 2011 2012 2013 2014Q2 9.30% 9.30% 9.34% 9.62% 9.77% 9.32% 9.13% 8.91% 9.76% 2010 2011 2012 2013 2014Q2 Capital Levels Capital Levels FCZA.COM Tier 1 Leverage Ratio (%) Tier 1 Ratio (%) Total Risk-Based Capital Ratio (%) 19 Tangible Common Equity / Tangible Assets (1) Assumes conversion of $23.1 million of Series B Preferred stock into common equity. (2) Peer median consists of publicly traded Ohio banks with assets between $500 million and $2 billion. SNL Financial. (3) Capital ratio excludes $23.2 million of Series A preferred stock, which was redeemed with the proceeds from Series B preferred stock in January 2014. 13.78% 13.80% 13.25% 13.06% 13.67% 13.28% 13.54% 13.58% 13.04% 2010 2011 2012 2013 2014Q2 4.36% 4.93% 5.03% 5.08% 5.55% 7.10% 7.54% 8.33% 8.46% 8.39% 8.42% 2010 2011 2012 2013 2014Q2 (3) (3) (3) FCZA PF Peer Median (1) (2) FCZA Moving You Ahead

Increasing Shareholder Value Increasing Shareholder Value FCZA.COM 20 Stock Price $3.98 $4.03 $5.25 $6.52 $9.01 2010 2011 2012 2013 6/30/2014 Dividend yield of 2.2% Dividend payout ratio in Q2 2014 was approximately 17.2% Price / Tangible Book Value of 113% as compared to peer average of 124% (1) Price / LTM EPS of 13.7x as compared to peer average of 15.2x (1) Source: SNL Financial. Market data as of June 30, 2014. (1) Peer group consists of U.S. banks between $750 million and $1.25 billion in MRQ assets. (2) Stock price as of December 31 of the corresponding year. (2) (2) (2) (2) Moving You Ahead

Strategic Focus and Growth Strategy Strategic Focus and Growth Strategy Organic growth Capitalize on commercial and consumer lending opportunities Grow core deposit base in rural and targeted urban markets Identify and evaluate loan production opportunities in select metro markets Acquisition opportunities Rural Urban Improving asset quality Efficiency and operating leverage FCZA.COM 21 Moving You Ahead

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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Other recent filings from the company include the following:

First Citizens Banc Corp.'s President and CEO just picked up 1,000 shares - Nov. 14, 2014
First Citizens Banc Corp. director just picked up 1,500 shares - Nov. 5, 2014
First Citizens Banc: Results Of Operations And Financial Condition - Nov. 3, 2014

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