Annual Meeting of Shareholders May 15, 2024 Thomas S. Stumb Chairman & Chief Executive Officer Austin S. Branstetter Chief Financial Officer Derrick A. Jones President 2 Net Income CAGR since 2005 EPS CAGR since 2005 Cumulative dividends paid per share ($41.4 MM total) Revenue CAGR since 2005 Since inception, our shareholders have been rewarded by differentiated success 16.6% 19.2% $15.23 18.3% Truxton returns have been exceptional 3 0 40,000 80,000 120,000 160,000 200,000 240,000 Market Value of Equity BV Plus Cumulative Distributions Book Value of Equity Capital Raised Annualized Total Return through 2023 3-year 5-year 10-year TRUX Truxton 17.8% 16.7% 18.0% KBWR Regional Bank ETF 7.8% 7.1% 5.8% IYG Financial Services ETF 8.0% 11.9% 9.7% SML S&P 600 Small Cap 5.6% 9.3% 7.1% SPX S&P 500 8.3% 13.7% 9.9% TFC Truist (4.1%) 1.1% 3.5% RF Regions 10.4% 12.0% 10.3% PNFP Pinnacle 11.8% 14.9% 11.5% FBK FirstBank 6.2% 3.9% N/A CSTR CapStar 10.5% 6.8% N/A Source: FactSet Treasury Management Commercial Banking Personal Banking Retirement Planning Tax Strategy Investment Management Capital Advisory Trust, Estate & Legacy Planning Family Office New Wealth Client Sale of Business/Retirement New Banking Client Generational Wealth Transfer Wealth Banking Intentional focus on higher revenue opportunity clients Balanced approach to our revenue mix Not just banking, not just investment management Banking acts as UHNW funnel for new business development vs merely a resource for private and commercial banking needs Risks associated with Banking are significantly mitigated through the Wealth business, allowing for conservative growth Results enhanced by holistic focus on the UHNW market 4 Client service and profitable growth powers our business 5 WHO WE ARE We have a culture focused on client service and profitable growth which drives efficiency. experienced credentialed attentive multi-disciplined HOW WE DO IT WHY WE’RE SUCCESSFUL 2023 Revenue/FTE $656,000 2023 Net Income/FTE $270,000 2023 Efficiency Ratio (expenses as a % of revenue) 49.0% We provide comprehensive services: We know our clientele: Multiple revenue streams for consistent earnings growth Full-service model creates loyal clients who become advocates Comprehensive service allows for appropriate pricing strategic wealth & tax planning investment management fiduciary services banking capital advisory services Wealthy business owners and their families We focus on higher revenue opportunity clients: Discretionary wealth revenue as a percentage of AUM has ranged between 100 - 110 bps. We are selective with our wealth and credit clients, which has afforded higher margins and exceptional credit quality performance since 2004. 2023 Financial Highlights 6 Fully diluted EPS increased 5% in 2023 ROAE remained high at 22.3% in 2023 Loans grew 6.3% and assets by 4% Dividends paid $2.52 per share in 2023, inclusive of $1.00 special dividend “Bank” Tier 1 Leverage Ratio was 10.53% at year end 2023 Efficiency Ratio for 2023 was 49.0% $40,471 $42,706 $39,000 $39,500 $40,000 $40,500 $41,000 $41,500 $42,000 $42,500 $43,000 2022 2023 Revenue (000's) $5.75 $6.02 $5.60 $5.65 $5.70 $5.75 $5.80 $5.85 $5.90 $5.95 $6.00 $6.05 2022 2023 Fully Diluted EPS $917,280 $955,270 $890,000 $900,000 $910,000 $920,000 $930,000 $940,000 $950,000 $960,000 2022 2023 Assets 7 ($000s) Income Summary YE 2023 YE 2022 % Change Net Interest Income $24,746 $24,843 -0.4% Provision for Credit Losses $296 $984 -69.9% Non-Interest Income $18,256 $16,612 9.9% Non-Interest Expense $21,053 $19,965 5.4% Earnings Before Taxes $21,653 $20,506 5.6% Income Tax Expense $4,117 $3,780 8.9% Net Income $17,536 $16,726 4.8% Balance Sheet Assets $955,270 $917,280 4.1% Loans $657,840 $618,948 6.3% Deposits $781,979 $807,750 -3.2% Stockholders' Equity $87,682 $73,376 19.5% Asset Quality Allowance for Credit Losses* $6,304 $5,761 9.4% Allowance to Gross Loans 0.96% 0.93% 3.2% 2023 Financial Highlights *Converted to CECL allowance methodology in January 2023 Success is Continuing in 2024 8 ($000s) Quarter Ended March 31 Income Summary 2024 2023 % Change Net Interest Income $6,171 $6,107 1.0% Provision for Credit Losses ($6) $59 -110.2% Non-Interest Income $5,137 $4,508 14.0% Non-Interest Expense $5,877 $5,314 10.6% Earnings Before Taxes $5,438 $5,242 3.7% Income Tax Expense $1,104 $951 16.1% Net Income $4,334 $4,291 1.0% Balance Sheet Assets $997,714 $921,894 8.2% Loans $659,622 $625,626 5.4% Deposits $850,483 $771,499 10.2% Stockholders' Equity $89,485 $74,788 19.7% Asset Quality Allowance for Credit Losses $6,324 $5,961 6.1% Allowance to Gross Loans 0.96% 0.95% 1.1% NIM Challenged by Dynamic Environment 9 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 NIM Cost of Funds Fed Funds (Upper Bound) Safe and Reliable Credit Quality 10 No 30 days+ past due loans Non-performing assets (NPAs): $0 No other real estate owned (OREO) Allowance vs. Non-Performing ($000s) Reserves / Loans $- $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 $5,000 $5,500 $6,000 $6,500 2018 2019 2020 2021 2022 2023 1Q2024 Allowance Non-Performing Loans 0.91% 0.92% 0.93% 0.94% 0.95% 0.96% 0.97% 0.98% Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Diversified Loan Portfolio, Conservatively Underwritten 11 Commercial Real Estate and Acquisition, Construction, & Development loans well below regulatory thresholds Average Loan Yield 3.00% 3.50% 4.00% 4.50% 5.00% 5.50% 6.00% 6.50% 7.00% Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Avg. Loan Yield Avg. Loan Yield, ex. Fees 0% 75% 150% 225% 300% 0% 25% 50% 75% 100% 2018 2019 2020 2021 2022 2023 Q1 2024 ACD CRE CRE vs Capital Loan yields continue to rise due to loan growth and repricing Diversified Loan Portfolio, Conservatively Underwritten 12 Loans as of 3/31/24 (excluding PPP & Cash Secured, in MM) Closed-end, 1-4 family, $206.2 Commercial Real Estate , $156.3 Spec Construction / Land Dev, $35.4 Commercial Real Estate (Owner Occ), $53.8 Consumer Loans, $54.3 Commercial Loans, $53.6 Home Equity Loans, $53.5 Multifamily, $33.7 Owner Occupied Construction, $13.5 Healthy Deposit Mix 13 Non-interest-bearing account (NIBA) balances seem to have stabilized but remain under pressure as commercial clients establish interest bearing accounts for excess funds to be swept into Wholesale and brokered deposits have become a larger part of the funding mix, increasing overall deposit cost and beta Even with rate cuts forecast, deposit cost pressure is expected to remain a headwind NIBA / Total Deposits Cost of Funds 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Cost of Funds Average Effective Fed Funds Rate 23.2% 20.6% 19.5% 19.0% 19.7% 19.3% 15.0% 15.8% 14.9% 0% 5% 10% 15% 20% 25% Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Non-Interest Bearing, $126.8 NOW Accounts, $122.3 Interest-Bearing Demand, $216.3 Savings , $9.7 Money Market, $87.9 Money Market Brokered, $68.9 Time Deposits Retail, $15.7 Time Deposits Wholesale, $202.8 Deposit Mix as of 3/31/24 (MM) Wealth Management Growth Continues 14 Truxton Wealth represented 43% of net revenue in Q1 2024 Truxton Wealth represented 96% of total non-interest income in Q1 2024 Truxton Wealth revenue increased 17.7% in Q1 2024 compared to Q1 2023 Wealth Management Revenue ($000’s) Wealth Management Revenue ($000’s) $7,204 $7,646 $9,108 $9,843 $10,746 $11,469 $15,102 $16,377 $17,657 Q1 $4,907 $0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 $16,000 $18,000 $20,000 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 3,800 4,000 4,200 4,400 4,600 4,800 5,000 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Wealth Management Growth Continues 15 New and existing client account additions demonstrate the appeal of our sophisticated, full-service wealth management Constant bleed of distributions as clients live out of their accounts AUM does not include brokerage platform accounts, which are an ancillary service we provide to fully meet client needs but are not a focus ($MM) Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Starting Trust AUM $1,455.7 $1,531.2 $1,678.7 $1,621.4 $1,739.0 New Account AUM $14.3 $108.2 $60.9 $75.8 $55.7 Account AUM Additions $9.8 $18.9 $26.1 $1.6 $8.4 Distributions ($23.8) ($27.9) ($24.9) ($44.6) ($29.6) Loss of Account AUM ($12.3) ($3.7) ($8.5) ($2.0) ($44.4) Change in Market Value $87.6 $52.1 ($110.9) $86.8 $122.3 Ending AUM $1,531.2 $1,678.7 $1,621.4 $1,739.0 $1,851.3 TRUX Financial Returns – Annual Trends 16 Efficiency Ratio improved 51bps compared to 2022 Net interest margin (NIM) down 16 basis points compared to 2022 Return on average assets (ROAA) up 1 basis point from 2022 Return on average equity (ROAE) down 6 basis points from 2022 Tier 1 Leverage Ratio for the Bank up 75 basis points from Q4 2022 Key Ratios 2020 2021 2022 2023 Efficiency Ratio 52.24% 50.63% 49.47% 48.96% Net Interest Margin 3.05% 2.62% 2.83% 2.67% ROAA 1.74% 1.79% 1.85% 1.86% ROAE 16.06% 18.26% 22.37% 22.31% Tier 1 Leverage Ratio (Bank) 9.38% 8.95% 9.78% 10.53% Tangible Equity / Tangible Assets 10.34% 9.16% 8.00% 9.18% TRUX Financial Returns – Quarterly Trends 17 Efficiency Ratio up 23 basis points compared to Q1 2023 Net interest margin (NIM) down 13 basis points compared to Q1 2023 Return on average assets (ROAA) down 9 basis points from Q1 2023 Return on average equity (ROAE) down 356 basis points from Q1 2023 Tier 1 Leverage Ratio for the Bank up 1 basis point from Q1 2023 While not all trending in the right direction, key financial metrics remain excellent Key Ratios Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Efficiency Ratio 51.32% 48.56% 47.87% 47.07% 51.55% Net Interest Margin 2.75% 2.54% 2.61% 2.78% 2.62% ROAA 1.89% 1.90% 1.91% 1.75% 1.80% ROAE 23.05% 23.33% 22.48% 20.52% 19.49% Tier 1 Leverage Ratio (Bank) 10.33% 10.39% 10.36% 10.53% 10.40% Tangible Equity / Tangible Assets 8.11% 8.15% 8.39% 9.18% 8.97% Mission 18 To do the right thing every day, putting our clients’ interests first, with distinctive, comprehensive financial solutions that protect and promote client prosperity and quality of life.