Retail banking presence in Bermuda and Cayman
Multiple ‘Bank of the Year’ and ‘Best Private Bank’ awards received from industry publications
30%+ deposit market share in Bermuda and Cayman Islands
ROATCE historically above US regional banking peers
Supportable dividend with a through-cycle payout ratio target of 50%
40
%
Loans/ Deposits
60
%
Cash + Securities / Total Assets
35
%
Risk-Weighted Assets / Total Assets ratio
Majority of investments in AAA-rated US government sponsored entities
Tier 1 Capital ratio above regulatory requirements
30
%+
Fee income ratio historically
Low-cost, historically stable customer deposit funding
Ample funding available through inexpensive deposits
Last acquisition completed in Q3 2019
Management has an average of 25+ years of relevant industry experience
Combined decades of familiarity in key geographic markets
Our focus remains on long-term growth of book value per share as a leading independent offshore bank and trust company.