ENB Financial Corp · OTC:ENBP
ENB Financial — Shareholder Meeting (May 2014)
36 slides from ENB Financial's shareholder meeting presentation, May 8, 2014
Slide 1: ENB Financial Corp 2014 Annual Shareholders Meeting
ENB Financial Corp 2014 Annual Shareholders Meeting May 6, 2014
Slide 2: 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 » Adjournment Agenda
Slide 3: 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 4: Meeting Certification
Presented by: Paul W. Wenger Corporate Secretary - ENB Financial Corp Meeting Certification
Slide 5: Matters of Proxy: Election of Directors – Class C
» Elect three (3) Class C directors to serve a three - year term Matters of Proxy Election of Directors – Class C Susan Y. Nicholas Mark C. Wagner Paul W. Wenger
Slide 6: Current Directors
Current Directors Continuing Directors – Class A Aaron L. Groff, Jr. Brian K. Reed Paul M. Zimmerman, Jr. Continuing Directors – Class B Willis R. Lefever Donald Z. Musser Judith A. Weaver
Slide 7: Voting Process
Presented by: Paul W. Wenger Corporate Secretary - ENB Financial Corp Voting Process
Slide 8: 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 9: President's Remarks
Presented by: Aaron L. Groff, Jr. President & CEO - ENB Financial Corp President’s Remarks
Slide 10: 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 11: Investing in Tomorrow
| Investing in Tomorrow |
Slide 12: Growing Branches – Leola
Growing Branches — Leola .;\ P LEA Wed Sih
Slide 13: Growing Branches – Myerstown
Growing Branches - Myerstown
Slide 14: Growing Technology
| Growing Technology | Banking for your life on the go. epnb.com
Slide 15: [Gevinetonns |
[Gevinetonns |
Slide 16: Home Equity Special
THE ALL-OUT ft THAW-OUT es HOME EQUITY SPECIAL fi
Slide 17: Investing in Tomorrow
| Investing in Tomorrow |
Slide 18: Financial Condition
Presented by: Scott E. Lied Treasurer - ENB Financial Corp Financial Condition
Slide 19: 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 20: Net Income
Net Income 4,300 6,345 7,148 7,642 7,710 0 2,000 4,000 6,000 8,000 2009 2010 2011 2012 2013 Dollars in Thousands
Slide 21: Core Earnings Items
Core Earnings Items Dollars In Thousands 2013 $ 2012 $ Increase/(Decrease) $ Net Interest Income 21,524 21,854 (330) Other Income * 6,180 6,337 (157) Operating Expense 21,935 21,169 766 *Net of Security Gains
Slide 22: Security Gains
Security Gains 175 972 1,500 940 3,217 0 500 1,000 1,500 2,000 2,500 3,000 3,500 2009 2010 2011 2012 2013 Dollars in Thousands
Slide 23: Provision (Credit) for Loan Losses
Provision (Credit) for Loan Losses 2,920 1,800 1,575 (975) (225) -1,500 -1,000 -500 0 500 1,000 1,500 2,000 2,500 3,000 3,500 2009 2010 2011 2012 2013 Dollars in Thousands
Slide 24: Performance Ratios
Performance Ratios 2013 % 2012 % Return on Average Assets 0.96 0.98 Return on Average Equity 8.92 8.87 Average Equity Ratio 10.78 11.11 Net Interest Margin 3.17 3.35 Efficiency Ratio 73.36 69.53
Slide 25: Per Share Data
Per Share Data 2013 2012 Earnings Per Share $2.70 $2.68 Dividends Per Share $1.04 $1.00 Dividend Payout Ratio 38.52% 37.31%
Slide 26: Peer Analysis – Performance
Peer Analysis – Performance* Measurement ENBP** % PA Bank Peer % Return of Average Assets (LTM) 0.96 0.75 Return on Average Equity (LTM) 9.03 7.36 Price to Earnings (LTM) 11.08 16.77 Price to Tangible Book 1.02 1.23 Dividend Yield (LTM) 3.49 2.61 *As of December 31, 2013 **Data from McAdams Wright R
Slide 27: Peer Analysis – Performance
Peer Analysis – Performance* Measurement ENBP** % PA Bank Peer % Loans/Deposits 65.62 78.35 Non - Interest Deposits/Total Deposits 26.39 13.76 Equity to Assets 10.31 10.23 Non - Performing Assets/Total Assets 0.17 1.47 Allowance for Loan Losses/Net Loans 1.67 1.50 *As of December 31, 2013 **Data fro
Slide 28: Loan Growth
Loan Growth • Total Loans up $23.9 million (5.8%) • Total Ag Loans up $27.9 million (27.7%) • Real Estate Ag Loans up $29.0 million (34%)
Slide 29: Breakdown of Ag Loans by County
Breakdown of Ag Loans by County County 12/31/13 $* % of Total Lancaster 66,804 51.0 Lebanon 31,042 23.7 Berks 25,731 19.6 Other Counties 7,502 5.7 Total 131,079 100.0 *Dollars in Thousands. Based on Ag sector NAICS codes
Slide 30: First Quarter Results Q1 2014
First Quarter Results Q1 2014 » Earnings: $ 1.85 million, 8.5% decrease » 0.92% ROA » Net Interest Margin: 3.23% vs. 3.22% Q4 13 » Security Gains: $663,000 vs. $918,000 (Q1 2013) » Credit Provision: $ 200,000 vs. $50,000 (Q1 2013)
Slide 31: 2014 Financial Challenges
2014 Financial Challenges » Highly Competitive Lending Environment » Increasing Asset Yield » Further Margin Improvement » Increased Regulatory Burden
Slide 32: 2014 Financial Opportunities
2014 Financial Opportunities » Market Opportunities » Agriculture Lending Strength » Expanded Mortgage Program » Increasing Margin
Slide 33: Questions & Answers
| Questions & Answers |
Slide 34: Voting Results
Presented by: Paul W. Wenger Corporate Secretary - ENB Financial Corp Voting Results
Slide 35: We Care
We Care • C ourteous • A ccurate • R esponsive • E mpowered Presented by: Aaron L. Groff, Jr. President & CEO - ENB Financial Corp
Slide 36: Adjournment
| Adjournment | Thank you! ENB