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EXHIBIT 99.2
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Slide Package
Slide 1 - Title
First Charter Corporation
January 18, 2001
Slide 2 - Forward-looking Statement
Regulation FD - "Fair Disclosure"
This news release contains forward-looking statements. Such statements are
subject to certain factors that may cause the company's results to vary from
those expected. These factors include changing economic and financial market
conditions, competition, ability to execute our business plan, items already
mentioned in this press release, and other factors described in our filings with
the Securities and Exchange Commission. Readers are cautioned not to place undue
reliance on these forward-looking statements, which reflect management's
judgment only as of the date hereof. The company undertakes no obligation to
publicly revise these forward-looking statements to reflect events and
circumstances that arise after the date hereof.
Slide 3 - Outline
-2000 Results
--Fourth Quarter
--Full Year
-2001
--Initiatives
--Earnings Expectations
Slide 4 - Summary of Results
Fourth Quarter 2000 Results
Slide 5 - Improved Core Operating Results
Earnings per Share Change in
2000 1999 Dollars Percentage
$0.29 $0.25 $0.04 16%
Slide 6 - Balance Sheet Growth
[Graph of Balance Sheet Growth]
Loans increased $47 million
Deposits increased $77 million
Slide 7 - Minimized Margin Erosion
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Fourth Quarter 4.17% vs Third Quarter 4.19%
Slide 8 - Maintained Asset Quality
Fourth Third
Quarter Quarter
Nonperforming Assets (NPA) $29,576 $28,189
Nonaccrual loans to loans 1.23% 1.24%
NPA to Total Assets 1.01% 1.01%
Allowance to loans 1.32% 1.32%
Annualized Net Charge-offs 0.28% 0.20%
Slide 9 - Non-Core Events
(Dollars in Millions)
-Recognized Gain from Sale of Excess Property - $2.3
-Restructured Bond Portfolio - ($1.0)
-Write Down of Equity Investment - ($0.2)
-Establish Charitable Trust - ($1.0)
Slide 10 - Full Year 2000 Results
Full Year 2000 Results
Slide 11 - GAAP Net Income
Earnings per share Change in
2000 1999 Dollars Percentage
$0.79 $1.11 $(0.32) (28.8%)
Slide 12 - Improved Core Operating Results
Earnings per share Change in
2000 1999 Dollars Percentage
$1.16 $1.04 $0.12 11.5%
Slide 13 - Continued Balance Sheet Growth
[Balance Sheet Growth Graph]
Net Loans increased 9.6% to $2.2 billion
Deposits increased 10.0% to $2.0 billion
Slide 14 - Minimized Margin Erosion
[Margin Graph]
3/31/00 - 4.39%
6/30/00 - 4.30%
9/30/00 - 4.19%
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12/31/00 - 4.17%
Slide 15 - Management of Asset Quality
-Nonperforming Assets increased
-Net Charge-offs increased
-Allowance for loan losses increased
Slide 16 - Noninterest Income
Increased 14%
-Re-pricing Opportunities
-Emphasis on Non-traditional Products
--Insurance
--Asset Management
--Brokerage
Slide 17 - Achievements
Acquisitions:
-Merged with Carolina First BancShares, Inc.
--$800 million in Total Assets
--Consolidated 3 Bank Subsidiaries
-Purchased Four Branches
-Integrated Two Insurance Agencies
Slide 18 - Achievements (continued)
Client Delivery
-Poised to Capitalize on Community Bank Model
-Pro-active, "Needs Based" Sales Approach
Infrastructure
-Additional Specialists
-First Charter Center Planning
-Core Processing System Evaluation
Slide 19 - Noninterest Expense
Improved Core Efficiency Ratio
2000 1999
55.44% vs 58.45%
Slide 20 - 2001 Forecast
2001 Forecast
Slide 21 - Summary of 2001 Forecast
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-Moderate Balance Sheet Growth
-Consistent Margin
-Stable Asset Quality
-Key Initiatives
-Improved Operating Results
Slide 22 - Moderate Balance Sheet Growth
[Balance Sheet Growth Graph]
Loans reach approximately $2.2 billion by year-end 2001 an increase between 7%
and 8%
Deposits reach approximately $2.2 billion by year-end 2001 an increase
between 7% and 8%
Slide 23 - Consistent Margin
2001
4.15% to 4.20%
Slide 24 - Stable Asset Quality
-Maintain an Adequate Reserve
-Modest Increase in Loan Loss Provision
Slide 25 - Key Initiatives
Continued Noninterest Income Growth
-Enhanced Client Services
--Expand Brokerage Services
--Provide additional Insurance Products and Services
--Increase Assets Under Management
-Maintain a Competitive Fee Structure
Slide 26 - Key Initiatives (continued)
Investment in the Future
-First Charter Center
-Core Operating System
Slide 27 - Improved Operating Results
Earnings per Share
[Earnings per Share Graph]
2000 EPS of $1.16
2001 EPS growth of 3% - 6% or $1.20 to $1.23
Slide 28 - Summary
-Improve Operating Results
-Continue Balance Sheet Growth
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-Active Margin Management
-Maintain Adequate Allowance
-Noninterest Income and Noninterest Expense Initiatives
Slide 29 - Logo
Expect More From Us.
[First Charter Logo]
