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First NBC Bank Holding Company

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First NBC Bank Holding Company First NBC Bank Holding Company 2014 Annual Report Strength | Commitment | Service From the muddy Mississippi River to the technology and modern manufacturing boroughs of New York, financial experts industries. acknowledge First NBC Bank as one of the The Bank’s primary market is broadly leading institutions that is helping to rebuild defined as the Greater New Orleans New Orleans and the metropolitan area. metropolitan area and the Gulf Coast. The First NBC Bank’s economic commitment on-going reconstruction has created a to the communities it serves was also stronger historic region, a highly attractive noted by Nasdaq when the Bank’s holding demographic and a bright economic company became a publicly-traded financial landscape for First NBC Bank. institution on May 10, 2013: Much of this success is due to a strong relationship banking customer base along with Federal and State Tax Credits. The three Since its foundation, working in tandem have yielded numerous “First NBC Bank has made multi-million dollar projects. The projects a positive impact on the do more than revitalize buildings--they add much needed jobs throughout the local economies in New Gulf Coast region of the State. The Bank is Orleans, Louisiana and committed to the concept that a successful Southeast Louisiana. community bank must serve the needs of its community as well as its customers. Officers - Nelson” Griggs, Nasdaq and employees are heavily involved in civic Executive Vice President and community organizations, and provide substantial sponsorship dollars to activities The New Orleans Metro area’s economy, that benefit the community. which traditionally was driven by tourism and port activity, is now a diversified landscape. Included in its post-Katrina portfolio are petrochemical companies, a growing medical services corridor, Our Mission Delivering world-class service through developing long-term relationships with our Clients, while providing a great place to work for our Employees, and demonstrating outstanding corporate citizenship within our Communities, resulting in exceptional returns for our Shareholders. Table of Contents 5 We Bring Banking to You 16 Employees 143 Board of Directors 6 Letter to the Shareholders 18 Community 145 Senior Management 9 Clients 21 Shareholders 13 Here’s what clients and community 22 Financials 2014 leaders are saying… We Bring Banking to You 21 Washington 32 18 Mississippi Tangipahoa St. Tammany 19 17 27 20 25 Livingston 26 31 28 23 29 2224 Lake 30 Maurepas M s Lake Pontchartrain OOrleansl 10 4 121611 7 2 10 6 Lake 9 81 Borgne 3 135 1514 JJeersone MAKING BANKING CONVENIENT FOR YOU www.firstnbcbank.com WITH 35 LOCATIONS AND GROWING! ORLEANS PARISH 2021 Carol Sue Ave., Terrytown, LA 70056 24. Gause East Office - (985) 781-2265 14. Lapalco Office - (504) 671-3570 2077 Gause Blvd. East, Slidell, LA 70461 1. Main Office - (504) 566-8000 3804 Lapalco Blvd., Harvey, LA 70058 25. Madisonville Office - (985) 819-1310 210 Baronne St., New Orleans, LA 70112 15. Manhattan Office - (504) 252-4315 707 Main St., Madisonville, LA 70447 2. Mid City Office - (504) 252-4345 1855 Manhattan Blvd., Harvey, LA 70058 26. Mandeville Office - (985) 626-4488 4011 Canal St., New Orleans, LA 70119 16. Cleary Office - (504) 252-4360 1347 N. Causeway Blvd., Mandeville, LA 70471 3. St. Charles Office - (504) 252-4330 3900 Veterans Memorial Blvd. Suite 101, Metairie, LA 70002 27. Covington Office - (985) 819-1465 3335 St. Charles Ave., New Orleans, LA 70115 70444 Highway 21, Covington, LA 70433 4. Read Office - (504) 671-3875 LIVINGSTON PARISH 28. Pearl River Office - (985) 819-1385 5733 Read Blvd., New Orleans, LA 70127 64243 Highway 41, Pearl River, LA 70452 5. DeGaulle Office - (504) 252-4300 17. Denham Springs Office - (225) 706-1357 29. Brownswitch Office - (985) 768-4560 4901 General DeGaulle Dr., New Orleans, LA 70131 1010 S. Range Ave., Denham Springs, LA 70726 740 Brownswitch Rd., Slidell, LA 70458 6. Carondelet Office - (504) 671-3560 30. Pontchartrain Office - (985) 819-1240 233 Carondelet St., New Orleans, LA 70130 TANGIPAHOA PARISH 4001 Pontchartrain Dr., Slidell, LA 70458 7. Lakeview Office - (504) 671-3520 31. Lacombe Office - (985) 819-1200 851 Harrison Ave., New Orleans, LA 70124 18. Amite Office - (985) 819-1345 29092 Krentel Rd., Lacombe, LA 70445 8. Poydras Office - (504) 252-4184 400 W. Oak St., Amite, LA 70422 1615 Poydras Street, New Orleans, LA 70112 19. SW Railroad Office - (985) 819-1330 1110 SW Railroad Ave., Hammond, LA 70403 WASHINGTON PARISH JEFFERSON PARISH 20. Ponchatoula Office - (985) 819-1360 32. Bogalusa Office - (985) 819-1320 200 W. Hickory St., Ponchatoula, LA 70454 200 Richmond St., Bogalusa, LA 70427 9. Elmwood Office - (504) 671-3510 21. Kentwood Office - (985) 819-1450 1105 S. Clearview Parkway, Jefferson, LA 70121 606 Avenue G, Kentwood, LA 70444 10. Kenner Office - (504) 671-3540 CRESTVIEW, FLORIDA 3535 Chateau Blvd. Suite 19, Kenner, LA 70065 ST. TAMMANY PARISH 33. Central Office - (850) 682-5111 11. Veterans Office - (504) 671-3530 1301 Industrial Dr., Crestview, FL 32539 521 Veterans Memorial Blvd., Metairie, LA 70005 22. Gause Central Office - (985) 265-1000 34. Downtown Motor Bank - (850) 682-5112 12. Transcontinental Office - (504) 671-3425 551 Gause Blvd., Slidell, LA 70458 385 North Spring St., Crestview, FL 32536 4900 Veterans Memorial Blvd., Metairie, LA 70006 23. Gause West Office - (985) 649-3535 35. Southside Office - (850) 682-3111 13. Terrytown Office - (504) 671-3550 2130 Gause Blvd.West, Slidell, LA 70460 2541 S. Hwy 85, Crestview, FL 32536 First NBC Bank Holding Company :: 5 Letter to the Shareholders enhance our Company’s ability to build the base for a continuation of our strong growth in assets and earnings over the near to intermediate future. The discussion that follows will cover some of the key themes of our 2014 success and comment on some of our initiatives for 2015 and beyond. But first I would like to express my sincere appreciation for your investment in our Company on behalf of our First NBC team. With- out you, we could not accomplish the results we have achieved since our inception in May of 2006. Our Strategy We firmly believe that our success is directly related to the commitment of everyone on the First NBC team to our corporate strategy. We are a community bank; but to us that is a measure of our state of mind rather than of our asset size. Our focus is on providing a full range of high quality financial services to our customers using a relationship management strategy. We build these rela- tionships through a relationship manager who is charged with the oversight of the total relationship with the customer and with ensuring our products and services meet the financial needs of that customer. We insist that these relationship managers build an understanding of the customer’s financial needs and that we meet as many of these needs as possible. We strongly believe that the Ashton J. Ryan, Jr. customer’s best interests must take precedence over our President and Chief Executive Officer profitability, a principle that the banking industry seems First NBC Bank Holding Company to have lost sight of over the years. Because understand- ing the customer’s needs is a long term process that is Fellow Shareholders: complicated by changes to those needs and the eco- nomic environment over time, we place great emphasis It is my great pleasure to provide our shareholders with on three key parts of our strategy – customer retention, an update on First NBC Bank Holding Company, and its continuity of the customer’s relationship manager and primary subsidiary, First NBC Bank, for the year 2014. gaining additional share of the customer’s financial During the past year, our Company continued its strong wallet over time. A key corollary to our strategy is to growth and operating results consistent with prior years. accurately measure our customer profitability to ensure As of December 31, 2014, the Company’s total assets were that we know who our most profitable customers are and $3.8 billion, an increase of 14% over that of the prior year to retain these customers over time. All of our products end. Total loans reached $2.8 billion reflecting an 18% and services reflect this approach with all of our pricing growth rate. Our net income available to common share- reflecting the value of the customer’s total relationship holders totaled $54.1 million for 2014, a 40% increase and not line of business profitability considerations. Our over the $38.6 million generated in 2013. Earnings per focus on long-term, personal relationships developed by share on a fully diluted basis was $2.84, an increase of a talented relationship banker who is the quarterback 22% over the $2.32 for 2013. In addition to the financial for the service team of specialists and support personnel success we achieved in 2014, we believe there have been is, in our opinion, the key to our success in growing our a number of accomplishments during the year that will bank through remarkable customer retention and expan- 6 :: 2014 Annual Report sion of customer share of wallet. In an age when billions its location. 2014 was a strong year for the port and the of dollars of fines and settlements are being paid by two primary port systems, New Orleans and South Lou- many of our larger competitors for “unfair and deceptive isiana, ranked 1st and 4th in the U.S. in terms of tonnage practices,” we are the contrarian putting the customers’ in the latest rankings. With the widening of the Panama best interests, and not our best interests, at the forefront Canal to allow it to accommodate the huge Chinese con- of our strategy.
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