This presentation contains forward-looking statements that are subject to risks and uncertainties that could cause the company's actual results to differ materially from those anticipated. These forward-looking statements include, but are not limited to, statements regarding the company's anticipated growth rates, performance and profitability. Many factors may cause our actual results to differ from those forecast in these forward-looking statements. These factors include those listed under Item 1A - Risk Factors in our Annual Report on Form 10-K for the period ending December 31, 2022, the direction and timing of changes in interest rates, changes in laws or regulatory policies, our ability to attract and retain customers in a new market, our ability to integrate new technology into operations, Malvern-related risk factors, and many other factors, many of which are out of our control. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise. Accordingly, you should not place undue reliance on any such forward-looking statements.
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First Bank 3/31/23 Snapshot
$2.82
Billion in Assets
$2.39
Billion in Loans
$2.24
Billion in Deposits
Commercially focused, traditional community banking model
19 Branches between Philadelphia and New York
$294.2 Million in Equity
$7.0 Million in Net Income
Solid asset quality
Diversified core deposit base
High wealth, densely populated market
3 Quarter-end March 31,2023
Our evolution from small community bank to a middle market commercial bank
2008-2012
Start-up mode
Traditional community bank model
Reconnected with banking network
Established solid foundation
Strong loan growth
2013-2018
The quest for improved scale
Maintained traditional community banking model
Geographic expansion
Disciplined M&A
2019-2022
Focused on deposits
and profitability
Top quartile financial performance
Poised for next evolutionary step
Moderate loan growth yields high quality assets with low funding costs
Improved treasury management
2023 and Beyond
Evolution into Middle Market Commercial Bank
Continue with commercial focus
Achievable goals for valuation and stock trading liquidity
Grow technology expertise with digital banking
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Our story: track record of profitable organic growth and accretive M&A
Central NJ organic expansion
IPO and
Heritage
acquisition
PPP
Pending
Combined
First Bank
CAGR
Note: Employees shown as full-time equivalents (FTEs)
5
Note: Q1 2023 combined assets contains 12/31/22 assets for Malvern and 3/31/23 assets for First Bank
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First Bank published this content on 28 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2023 21:45:50 UTC.
First Bank is a chartered commercial bank. The Company offers a set of lending products, including commercial and industrial loans, commercial real estate loans (including owner-occupied, investor, construction and development, and multi-family loans), residential real estate loans and consumer and other loans. It offers commercial and industrial loans to small to mid-sized businesses for general business purposes. It invests in various types of liquid assets, including United States Treasury obligations, securities of various federal agencies, state and municipal governments, mortgage-backed securities and certificates of deposit of federally insured institutions. The Company operates 18 full-service branches located in Cinnaminson, Cranbury, Delanco, Denville, Ewing, Flemington, Hamilton, Lawrence, Monroe, Pennington, Randolph, Somerset and Williamstown, New Jersey, and Doylestown, Trevose, Warminster and West Chester, Pennsylvania.
FIRST BANK 
