ENB Financial Corp · OTC:ENBP
ENB Financial — Shareholder Meeting (May 2015)
38 slides from ENB Financial's shareholder meeting presentation, May 6, 2015
Slide 1: ENB Financial Corp 2015 Annual Shareholders Meeting
ENB Financial Corp 2015 Annual Shareholders Meeting
Slide 2: ENB Financial Corp 2015 Annual Shareholders Meeting May 5, 2015
ENB Financial Corp 2015 Annual Shareholders Meeting May 5, 2015
Slide 3: Agenda
» Welcome » Reading of the Minutes » Certify Voting Activity » Vote on Matters of the Proxy Statement » Discussion of Company Condition • President’s Remarks • Financial Review » Questions & Answers » Voting Results » Hibshman Scholarship Legacy Video » Adjournment Agenda
Slide 4: Presenters
» Aaron L. Groff, Jr. • President, CEO and Board Chairman – ENB Financial Corp and Ephrata National Bank » Paul W. Wenger • Vice President and Corporate Secretary – ENB Financial Corp • Senior Vice President and Cashier – Ephrata National Bank » Scott E. Lied • Treasurer – ENB Financial Corp • Senio
Slide 5: Meeting Certification
Presented by: Paul W. Wenger Corporate Secretary - ENB Financial Corp Meeting Certification
Slide 6: Matters of Proxy: Election of Directors – Class B
» Elect three (3) Class B directors to serve a 3 - year term Matters of Proxy Election of Directors – Class B Willis R. Lefever Donald Z. Musser Judith A. Weaver
Slide 7: Current Directors
Current Directors Continuing Directors – Class A Aaron L. Groff, Jr. Brian K. Reed Paul M. Zimmerman, Jr. Continuing Directors – Class C Susan Y. Nicholas Mark C. Wagner Paul W. Wenger
Slide 8: Voting Process
Presented by: Paul W. Wenger Corporate Secretary - ENB Financial Corp Voting Process
Slide 9: Voting Process: Proxy Holders and Judges of Election
Voting Process Proxy Holders » Janice S. Eaby » John H. Shuey Judges of Election » Richard H. Binner » Roger S. Kline » William M. Rohrbach
Slide 10: President's Remarks
Presented by: Aaron L. Groff, Jr. President & CEO - ENB Financial Corp President’s Remarks
Slide 11: Mission Statement
» To remain an independent community bank of undisputed integrity, serving the communities of Northern Lancaster County and beyond. » To offer state - of - the - art financial products and services of high quality and value at an affordable price. » To provide unsurpassed personal service, delivered
Slide 12: Forward Mobility
Forward Mobility
Slide 13: Growth
Growth
Slide 14: Technology
Technology
Slide 15: Mortgage Lending
Mortgage Lending
Slide 16: Agricultural Lending
Agricultural Lending
Slide 17: Financial Condition
Presented by: Scott E. Lied Treasurer - ENB Financial Corp Financial Condition
Slide 18: Disclosures
» Unaudited Financial Information • 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 • Some of the material and/or language
Slide 19: Net Income
Net Income 6,345 7,148 7,642 7,710 7,092 0 2,000 4,000 6,000 8,000 2010 2011 2012 2013 2014 Dollars in Thousands
Slide 20: Significant Items
Significant Items Dollars in Thousands 2014 $ 2013 $ Increase $ Increase % Net Interest Income 22,461 21,524 937 4.3 Other Income 6,439 6,180 259 4.2 Operating Expense 23,421 21,935 1,486 6.8 (Excluding Security Gains)
Slide 21: Security Gains
Security Gains 972 1,500 940 3,217 3,109 0 500 1,000 1,500 2,000 2,500 3,000 3,500 2010 2011 2012 2013 2014 Dollars in Thousands
Slide 22: Provision (Credit) for Loan Losses
Provision (Credit) for Loan Losses 1,800 1,575 (975) (225) (50) -1,500 -1,000 -500 0 500 1,000 1,500 2,000 2010 2011 2012 2013 2014 Dollars in Thousands
Slide 23: Performance Ratios
Performance Ratios 2014 % 2013 % Return on Average Assets (ROA) 0.84 0.96 Return on Average Equity (ROE) 7.98 8.92 Net Interest Margin 3.10 3.17 Efficiency Ratio 76.11 73.36
Slide 24: Per Share Data
Per Share Data 2014 2013 Earnings Per Share $2.48 $2.70 Dividends Per Share $1.07 $1.04 Dividend Payout Ratio 43.2% 38.5%
Slide 25: Peer Analysis – Performance
Peer Analysis – Performance* Measurement ENBP % PA Bank Peer % Return of Average Assets (LTM) 0.90 0.90 Return on Average Equity (LTM) 8.50 8.60 Price to Earnings (LTM) 12.30 12.60 Price to Tangible Book 1.00 1.15 Dividend Yield (LTM) 3.59 2.89 *Data as of December 31, 2014 from Boenning & Scattergo
Slide 26: Peer Analysis – Performance
Peer Analysis – Performance* Measurement ENBP % PA Bank Peer % Capital to Assets 10.70 10.40 Non - Performing Assets/Total Assets 0.16 1.13 Allowance for Loan Losses/Net Loans 1.52 1.25 *Data as of December 31, 2014 from Boenning & Scattergood, Inc ., Q4 2014 Mid - Atlantic Regional Bank & Thrift Re
Slide 27: ENBP Stock Performance
ENBP Stock Performance* Price BV Price to BV Closing Price 03/31/14 $29.75 $30.48 0.98 Closing Price 03/31/15 $32.40 $33.12 0.98 Change $2.65 $2.64 % Appreciation 8.91% 8.66% Cash Dividend ($1.08) $108.00 Total Return $373.00 Annual Rate of Return 12.54% *03/31/14 - 03/31/15 (per 100 shares)
Slide 28: Balance Sheet Growth
Balance Sheet Growth • Total Loans up $32.9 million (7.5%) • Total Assets up $44.9 million (5.5%) • Total Deposits up $43.1 million (6.6%) • Total Capital up $9.0 million (10.7%)
Slide 29: First Quarter Results (Unaudited)
First Quarter Results (Unaudited) First Quarter 2015 vs. First Quarter 2014 » Earnings: $ 1.47 million, 20.1% decrease » Provision for Loan Losses: $200,000 vs. ($200,000) » Security Gains: $561,000 vs. $663,000 » Mortgage Gains $153,000 vs. $38,000
Slide 30: 2015 Financial Challenges
2015 Financial Challenges » Highly Competitive Lending Environment » Persistent Low Market Rates » Leveraging Mortgage & Trust Platforms » Increased Regulatory Burden
Slide 31: 2015 Financial Opportunities
2015 Financial Opportunities » Commercial Lending Opportunities/Initiatives » Increasing Mortgage Penetration » New Rate Environment » In - Market Mergers & Acquisitions
Slide 32: Questions & Answers
Questions & Answers
Slide 33: Voting Results
Presented by: Paul W. Wenger Corporate Secretary - ENB Financial Corp Voting Results
Slide 34: J. Harry Hibshman Scholarship Fund
J. Harry Hibshman Scholarship Fund
Slide 35: Hibshman Scholarship
L Hibshman Scholarship i
Slide 36: Questions & Answers
Questions & Answers
Slide 37: We Care
We Care • C ourteous • A ccurate • R esponsive • E mpowered Presented by: Aaron L. Groff, Jr. President & CEO - ENB Financial Corp
Slide 38: Adjournment Thank you!
Adjournment Thank you!