First Bankers Trustshares : 2022 Annual Meeting Held May 9 2023

Welcome to the

First Bankers Trustshares, Inc.

Annual Meeting

May 9, 2023

CAUTIONARY NOTE

REGARDING FORWARD-LOOKING STATEMENTS

• This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "believe," "will likely result," "expect," "continue," "will," "anticipate," "seek," "estimate," "intend," "plan," "project," "forecast," "goal," "target," "would" and "outlook," or the negative variations of those words or other comparable words of a future or forward-looking nature. These forward-looking statements are not historical facts and are based on current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date when it is made and we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. New risks and uncertainties arise from time to time and it is not possible for us to predict those events or how they may affect us. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. All forward- looking statements, expressed or implied, included in this presentation are expressly qualified in their entirety by this cautionary statement. This cautionary statement should also be considered in connection with any subsequent written or oral forward-looking statements that we or persons acting on our behalf may issue.

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About Us

• First Bankers Trustshares, Inc. (FBTT) founded in Quincy, Illinois in 1988
• Nine branches, two Loan Production Offices, two specialty lending divisions and $1.1 billion in assets
• Traded on the OTCQB
• Directors and insiders control approximately 30% of the shares

(Holding Company)

(Bank)

FBIL Trust II Trust Preferred

FBIL Trust III Trust Preferred

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Strong Fundamentals

• Record loan growth, reaching $551 Million
• Assets of $1.1 Billion
• Earnings per Share $2.92, up 10.6%
• Net income up 8.0%
• Net interest margin 2.43%, up .32% versus 2021
• Risk Based Capital Ratio 18.01%

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2022 Financials

• Net income from ongoing operations increased 8.0%
• Loan growth and higher asset yields drove strong earnings and a higher return on assets

Year End Return on Assets (ROA)

0.89%	0.90%	0.75%	0.76%
			0.68%

Net Income (in thousands)* Trust sub spun off 7/1/19

$8,382 $8,319 $7,843 $8,170 $8,823

CY 18

CY 19

CY 20

CY 21

CY 22

Year End Return on Equity (ROE)

9.40%

8.99%

8.24%

8.13%

8.33%

CY 18	CY 19	CY 20	CY 21	CY 22	CY 18	CY 19	CY 20	CY 21	CY 22	5