ENB Financial Corp · OTC:ENBP
ENB Financial — Shareholder Meeting (May 2011)
34 slides from ENB Financial's shareholder meeting presentation, May 6, 2011
Slide 1: ENB Financial Corp Annual Meeting
ENB Financial Corp Annual Meeting | May 3, 2011
Slide 2: Agenda
AGENDA • Welcome • Reading of the Minutes • Certify Voting Activity • Vote on Matters of the Proxy Statement • Discussion of Condition of Company Ø President’s Remarks Ø Financial Review Ø Lending Environment • Questions & Answers • Vote Results • Adjournment
Slide 3: Presenters
PRESENTERS • Aaron L. Groff, Jr. Ø President, CEO and Board Chairman - ENB Financial Corp and Ephrata National Bank • Paul W. Wenger Ø Vice President and Corporate Secretary - ENB Financial Corp Ø Senior Vice President and Cashier - Ephrata National Bank • Scott E. Lied Ø Treasurer - ENB Financial C
Slide 4: Election Certification
ELECTION CERTIFICATION Presented by: Paul W. Wenger Corporate Secretary - ENB Financial Corp
Slide 5: Matters of Proxy
MATTERS OF PROXY • Elect three (3) Class C directors to serve a three-year term
Slide 6: Current Directors
CURRENT DIRECTORS Class C Election (3 Year Term) Susan Y. Nicholas Paul W. Wenger Mark C. Wagner Continuing Directors - Class A Aaron L. Groff, Jr. J. Harold Summers Paul M. Zimmerman, Jr. Thomas H. Zinn Continuing Directors - Class B Willis R. Lefever Donald Z. Musser Bonnie R. Sharp
Slide 7: Voting Process
VOTING PROCESS Presented by: Paul W. Wenger Corporate Secretary - ENB Financial Corp
Slide 8: Voting Process
VOTING PROCESS Proxy Holders • Janice S. Eaby • John H. Shuey Judges of Election • Richard H. Binner • Roger S. Kline • William M. Rohrbach
Slide 9: President's Remarks
PRESIDENT’S REMARKS Presented by: Aaron L. Groff, Jr. President/CEO - ENB Financial Corp
Slide 10: Mission Statement
MISSION STATEMENT Ø To remain an independent community bank of undisputed integrity, serving the communities of Northern Lancaster County and beyond. Ø To offer state-of-the-art financial products and services of high quality and value at an affordable price. Ø To provide unsurpassed personal servic
Slide 11: WE CARE
WE CARE • C ourteous • A ccurate • R esponsive • E mpowered
Slide 12: Strategic Initiatives
STRATEGIC INITIATIVES • Growth • Efficiency • Leadership development • Successfully navigate the new regulatory environment • Stay true to our community banking core values
Slide 13: Financial Condition
FINANCIAL CONDITION Presented by: Scott E. Lied Treasurer - ENB Financial Corp
Slide 14: Disclosures
DISCLOSURES • Unaudited Financial Information Ø Some of the following slides do present financial information that is unaudited. Therefore, this information is subject to adjustments that could be necessary upon completion of the annual audit. • Forward Looking Statements Ø Some of the material and/
Slide 15: Dollars in thousands
Dollars in thousands 8,000 5 6.345 6,000 4771 5,063 4.014 4300 4,000 | | . = 2,000 0 a a 2006 2007 2008 2009 2010
Slide 16: Significant Items
SIGNIFICANT ITEMS Net Interest Income $ 1,222,000 increase Other Income $ 520,000 increase Operating Expenses $ 12,000 decrease Provision Expense $ 1,120,000 decrease
Slide 17: Dollars in millions
Dollars in millions 19.1 20.1 21.0 2007 2008 2009 22.2 2010
Slide 18: Dollars in millions
Dollars in millions 48 49 7.0 2006 2007 2008 2009 2010
Slide 19: Dollars in millions
Dollars in millions 20.5 20.1 20.0 ao 16.8 153 15.0 10.0 | 50 — i 2006 2007 2008 2009 2010
Slide 20: Dollars in thousands
Dollars in thousands 2,920 1.446 is : 2006 2007 2008 2009 2010
Slide 21: Earnings and Dividends per Share
EARNINGS AND DIVIDENDS PER SHARE
Slide 22: Dividend Comparison
DIVIDEND COMPARISON Corporate Name Current Dividend Change from Dividend High (2006 - 2008) ENB Financial Corp $0.24 -22.58% VIST Financial Corp $0.05 -75.00% Fulton Financial Corp $0.04 -77.78% National Penn Bancshares $0.01 -94.12% Susquehanna Bancshares $0.02 -91.30% Union National Financial Corp
Slide 23: Shareholder Value
SHAREHOLDER VALUE ENBP SUSQ FULT Average Stock Price - Oct 2008 $25.69 $17.12 $11.62 Average Stock Price - Jul 2009 Jul 2009 Price as % of Oct 2008 Price $24.83 97% $4.80 28% $6.05 52% Average Stock Price* - Q1 2011 Q1 2011 Price as % of Oct 2008 Price $22.54 88% $9.52 56% $10.69 92% Current Dividen
Slide 24: Peer Analysis
Measurement ENB Peer** Return on Assets (ROA) 0.86% 0.50% Return on Equity (ROE) 8.88% 4.60% Efficiency Ratio 65.55% 68.18% Tier 1 Leverage Capital 9.63% 9.08% PEER ANALYSIS* * As of December 31, 2010 ** Peer Group is defined as all banks nationwide with assets between $300 million and $1 billion.
Slide 25: First Quarter Results
FIRST QUARTER RESULTS • Q1 2011 Ø Earnings: $1,697,000 versus $1,468,000 (Q1 2010) • 15.6% increase over Q1 2010 Ø Assets: $756 million versus $748 million (Q4 2010) • 1.0% increase over year-end 2010
Slide 26: Lending Environment
LENDING ENVIRONMENT Presented by: Dale G. Burkholder Sr. Vice President and Sr. Lending Officer - Ephrata National Bank
Slide 27: Loan Growth Rates
LOAN GROWTH RATES * Peer Group is defined as all banks nationwide with assets between $300 million and $1 billion.
Slide 28: Dollars in millions
Dollars in millions 450 400 350 300 250 200 150 376.6 391.3 419.7 429.0 2006 2007 2008 2009 2010
Slide 29: Mix of Loan Portfolio
MIX OF LOAN PORTFOLIO * Peer Group is defined as all banks nationwide with assets between $300 million and $1 billion.
Slide 30: Asset Quality
Measurement ENB Peer* Delinquent Loans as a % of Total Loans 1.38% 4.51% Non-performing Loans as a % of Total Loans 0.97% 3.22% ALLL as a % of Total Loans 1.72% 1.96% Charge-offs as a % of Average Loans 0.14% 1.01% ASSET QUALITY * Peer Group is defined as all banks nationwide with assets between $30
Slide 31: 142% “S7ENB =Peer*
142% “S7ENB =Peer* 1.01% 1.20% 1.00% ~ 0.80% 0.60% 0.40% ~ 0.24% 0.20% 0.14% 0.119 5 008% 0.18% 2006 2007 2008 2009 2010 * Peer Group is defined as all banks nationwide with assets between $300 million and $1 billion.
Slide 32: Questions & Answers
QUESTIONS & ANSWERS
Slide 33: Voting Results
VOTING RESULTS Presented by: Paul W. Wenger Corporate Secretary - ENB Financial Corp
Slide 34: Adjournment
ADJOURNMENT • Mission Statement: Ø To remain an independent community bank of undisputed integrity, serving the communities of Northern Lancaster County and beyond. Ø To offer state-of-the-art financial products and services of high quality and value at an affordable price. Ø To provide unsurpassed