Investor Presentaiton
Diverse & Stable Deposit Base and Liquidity Sources
In recent years, we have worked to improve the mix and quality of our deposit base by focusing significant efforts on growing our core relationships.
This groundwork has been very helpful in the current environment, allowing us to continue to grow deposits even as many banks have seen deposit
outflows. Like many in the industry, we have seen a shift in the mix of deposits away from noninterest bearing and lower cost deposits to more time
deposits as many customers have been taking advantage of increases in time deposit rates.
Deposit
Composition
Overview
($ millions)
Available
Primary &
Secondary
Liquidity
Sources as of
September
30, 2023
($ millions)
9/30/2022
12/31/2022
Period Ended
3/31/2023
6/30/2023
9/30/2023
Noninterest Bearing
Consumer and Commercial
Interest Bearing:
$ 4,824 23.6% $ 4,658
21.7%
$ 4,420 19.8% $ 4,535
18.9%
$ 4,284 16.8%
Most of our deposits are
generated through our
network of 229 retail
branches in Arkansas,
Georgia, Florida, North
Carolina, and Texas.
Consumer Non-time
Consumer Time
Commercial - Non-time
4,198 20.6%
4,127 20.2%
Commercial-Time
Public Funds
2,891 14.2%
557
2,055
2.7%
3,916 18.2%
4,936 23.0%
2,741
516
12.7%
3,490 15.7%
6,155 27.6%
2,487 11.2%
3,143
13.1%
7,499
31.3%
2,928
8,756
11.5%
34.3%
Because of the substantial
"retail" nature of our
2,334
9.7%
2,321
9.1%
deposit base, the majority
2.4%
560
2.5%
621
2.6%
10.1%
2,103
9.8%
2,325
10.4%
2,595
10.8%
Brokered
Reciprocal
Total
1,322 6.5%
2,050
9.5%
2,104
9.5%
2,356
9.8%
428
$ 20,402
2.1%
100.0%
578
2.7%
743
3.3%
901
3.8%
$ 21,500
100.0%
$ 22,283
100.0%
$ 23,983
100.0%
684 2.7%
2,992 11.7%
2,775 10.9%
813 3.0%
$ 25,553 100.0%
Total Capacity
Outstanding
Available Liquidity
Cash & Cash Equivalents
$
1,864 $
$
1,864
Unpledged Investment Securities
2,339
2,339
FHLB
8,919
Unsecured Lines of Credit
975
4,068 *
125
4,850
850
Fed Discount Window**
Total
364
364
$
14,461
$
4,193 $
10,267
*
FHLB Borrowings outstanding included $1.30 billion of borrowings outstanding and $2.77 billion of
outstanding letters of credit at 9/30/23.
of our deposits are insured
(67% at September 30,
2023) and, in the case of
public funds and certain
other deposits,
collateralized (14% at
September 30, 2023). As
of September 30, 2023,
our average account
balance was
approximately $42,000.
The diversity of our
deposit base is an
important factor in the
stability of our deposits, as
demonstrated in recent
quarters.
**
Funds available through Fed discount window does not include any enhanced borrowing
capacity resulting from the Bank Term Funding Program.
25
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