EX-99.(A) 2 ex-99_a.htm EXHIBIT (99)(A) ex99_1.htm
Peoples Bancorp
  OF NORTH CAROLINA, INC
Southeast 2008
Super-Community Bank Conference
February 12, 2008
 
 
 
NASDAQ: PEBK
www.peoplesbanknc.com
Peoples Bancorp has made forward-looking statements in the
accompanying presentation materials that are subject to risks and
uncertainties. These statements are based on the beliefs and
assumptions of the management of Peoples Bancorp, and on the
information available to management at the time the presentation
materials were prepared. These forward-looking statements involve
certain risks and uncertainties, including a variety of factors that may
cause Peoples Bancorp’s actual results to differ materially from the
anticipated results or other expectations expressed in such forward-
looking statements. Readers are cautioned not to place undue reliance
on these forward-looking statements and are advised to carefully review
the risk factors described in other documents that Peoples Bancorp files
from time to time with the Securities and Exchange Commission,
including the Quarterly Reports on Form 10-Q, the Annual Report on
Form 10-K, and other required filings.
Forward-looking Statements
 
 
 
NASDAQ: PEBK
www.peoplesbanknc.com
About Peoples Bank
n 96 year operating history
n Total Assets of $906 million at December 31, 2007
n HQ in Newton, NC (40 miles north of Charlotte)
n 21 offices -- 20 within a 50 mile radius of Charlotte
n Banco de la Gente = Latino Banking Division
 n Initiated in 2004
 n Opened 4th Banco office in Raleigh in January
 2008
 
 
 
NASDAQ: PEBK
www.peoplesbanknc.com
Peoples Bancorp of NC, Inc.
n Formed in 1999 as a one bank HC for Peoples Bank
n Bank Subsidiaries
 n Real Estate Advisory Services, Inc.
 n Peoples Investment Services, Inc.
 
 
 
NASDAQ: PEBK
www.peoplesbanknc.com
Branch Network:
21 Offices in 7 counties
 
 
 
NASDAQ: PEBK
www.peoplesbanknc.com
Strategic Focus
n Grow Core Deposits
n Growth in Existing Markets
n Expand Banco de la Gente
n Identify expansion opportunities using Store-front or
 Traditional Branches
n Hire Market Leaders to expand in high growth
 markets (LPO’s)
 
 
 
NASDAQ: PEBK
www.peoplesbanknc.com
Primary Market Area: Catawba and Lincoln Counties
’07 Rank
Institution (ST)

’07 #
Branches
‘07 Deposits in
Market ($000)
‘07 Market
Share
1
BB&T Corp. (NC)
13
759,341
23.1%
2
Peoples Bancorp of NC Inc.
15
604,205
18.4%
3
Wachovia Corp. (NC)
6
426,606
13.0%
4
Bank of Granite Corp. (NC)
7
368,912
11.2%
5
First Citizens BancShares Inc. (NC)
8
199,494
5.5%
6
Fifth Third Bancorp (OH)
5
196,423
6.1%
7
First FSB of Lincolnton (NC)
3
192,764
5.8%
8
Bank of America Corp. (NC)
6
189,315
6.0%
9
FNB United Corp. (NC)
4
179,914
0.8%
10
Carolina Trust Bank (NC)
5
94,010
0.7%
 
Total For Institutions In Market
79
3,289,069
  
Source: SNL Financial
PEBK Deposit Market Share
 
 
 
NASDAQ: PEBK
www.peoplesbanknc.com
PEBK
Dep. in
Dep.
Market
Proj. Pop.
Med. HH
Income
Proj. HH
 No. of
Market
Share
2007-2012
2007
Income Δ%
County
Rank
Branches
($000)
(%)
(%)
($)
(%)
Catawba
2
11
456,068
18.99
5.54
49,596
13.56
Lincoln
3
3
148,137
16.70
9.63
49,819
11.84
Alexander
5
1
44,841
13.04
5.33
45,999
11.58
Mecklenburg
20
3
12,752
0.01
15.27
65,741
19.52
Union
10
1
1,186
0.08
31.78
64,184
19.01
Iredell
19
1
0
0.00
14.47
52,663
16.39
Wake
29
1
0
0.00
20.19
72,665
19.11
NC Totals
21
662,984
Source: SNL Financial
Expanding into Growth Markets
 
 
 
NASDAQ: PEBK
www.peoplesbanknc.com
Banco de la Gente
n Identified an Untapped Market
 n 10% of our market (as of 2004)
 n 57% of Latinos did not have a bank account
 n Latinos need basic transactions and help building credit
n 4 Offices: Charlotte (2), Monroe and Raleigh
n Source of Non-Interest Income and Mortgage loans
 
 
 
NASDAQ: PEBK
www.peoplesbanknc.com
* CAGR = Compound annual growth rate 2002-2007
Consistent Balance Sheet Growth
 
 
 
NASDAQ: PEBK
www.peoplesbanknc.com
5-Year EPS CAGR* = 29.9%
*CAGR - compound annual growth rate 2002 - 2007
Improved Earnings Growth
 
 
 
NASDAQ: PEBK
www.peoplesbanknc.com
Improved Asset Quality
 
 
 
NASDAQ: PEBK
www.peoplesbanknc.com
1%
CRE is 61%
Owner-occupied
Construction =
• 33% Residential
• 13% Commercial
• 54% Land Development
1-4 Res. RE
Construction
CRE
Consumer
HELOC
MultiFam/Land
C&I
Loan Portfolio Composition
at December 31, 2007
 
 
 
NASDAQ: PEBK
www.peoplesbanknc.com
Lower cost = Transaction accounts + MM + savings
CAGR = Compound annual growth rate 2002-2007
millions
5 year CAGR’s:
Deposit Analysis
 
 
 
NASDAQ: PEBK
www.peoplesbanknc.com
$’s in millions
Total Revenue
 
 
 
NASDAQ: PEBK
www.peoplesbanknc.com
Name
Title
Years at
Peoples
Years in
Banking
Age
Tony W. Wolfe
President and CEO
18
39
61
Lance A. Sellers
EVP, Chief Credit
Officer
10
24
45
A. Joseph
Lampron
EVP, Chief Financial
Officer
6
20
53
William D. Cable
EVP, Chief
Operations Officer
13
18
39
Joseph F.
Beaman, Jr.
EVP, Chief
Administrative
Officer
31
37
58
Management Profile
 
 
 
NASDAQ: PEBK
www.peoplesbanknc.com
Company Strengths
n Local bankers: well established in the local markets
n Local decision making authority
n Active and motivated Board
n Effective sales culture
n Commitment to technology and up-to-date delivery
 channels
n Active in our communities - local governments along
 with civic and charitable organizations
 
 
 
NASDAQ: PEBK
www.peoplesbanknc.com
Investment Highlights
n Established Reputation
n Growth initiatives both in and outside of current
 markets
n History of strong profitability
n History of stock dividends and increasing cash
 dividends; attractive yield