ENB Financial Corp · OTC:ENBP
ENB Financial — Shareholder Meeting (May 2013)
39 slides from ENB Financial's shareholder meeting presentation, May 9, 2013
Slide 1: Annual Shareholder Meeting May 7, 2013
Annual Shareholder Meeting May 7, 2013
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 » Growth Initiatives • 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
• Elect two (2) Class A directors to serve a three - year term • Conduct a non - binding shareholder vote on executive compensation • Conduct a non - binding vote on the frequency of non - binding shareholder votes on executive compensation. Matters of Proxy
Slide 6: Current Directors
Current Directors Class A Election (3 Year Term) Aaron L. Groff, Jr. Paul M. Zimmerman, Jr. Continuing Directors – Class B Willis R. Lefever Donald Z. Musser Judith A. Weaver Continuing Directors – Class C Susan Y. Nicholas Mark C. Wagner Paul W. Wenger
Slide 7: Voting Process
Presented by: Paul W. Wenger Corporate Secretary - ENB Financial Corp Voting Process
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
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: We Care
We Care • C ourteous • A ccurate • R esponsive • E mpowered
Slide 12: Legacy & Growth
— Legacy & Growth
Slide 13: Financial Condition
Presented by: Scott E. Lied Treasurer - ENB Financial Corp Financial Condition
Slide 14: 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 15: Net Income
4,014 4,300 6,345 7,148 7,642 0 2,000 4,000 6,000 8,000 2008 2009 2010 2011 2012 Dollars in thousands Net Income
Slide 16: Significant Items
Dollars In Thousands 2012 $ 2011 $ Income Impact $ Net Interest Income 21,854 22,987 (1,133) Gains on Securities 940 1,500 (560) Loan Loss (Credit) Provision (975) 1,575 2 ,550 Other Income * 6,337 5,582 755 Operating Expense 21,169 20,160 (1,009) Total Income Impact 603 Significant Items *Net of Se
Slide 17: Security Gains (Losses)
(506) 175 972 1,500 940 -1,000 -500 0 500 1,000 1,500 2008 2009 2010 2011 2012 Dollars in Thousands Security Gains (Losses)
Slide 18: Provision (Credit) For Loan Losses
669 2,920 1,800 1,575 ( 975) -1,500 -1,000 -500 0 500 1,000 1,500 2,000 2,500 3,000 3,500 2008 2009 2010 2011 2012 Dollars in Thousands Provision (Credit) For Loan Losses
Slide 19: Performance Ratios
2012 2011 Return on Average Assets 0.98% 0.95% Return on Average Equity 8.87% 9.22% Average Equity Ratio 11.11% 10.26% Net Interest Margin 3.35% 3.56% Efficiency Ratio 69.53% 65.36% Performance Ratios
Slide 20: Per Share Data
2012 2011 Earnings Per Share $2.68 $2.50 Dividends Per Share $1.00 $0.96 Dividend Payout Ratio 37.31% 38.40% Per Share Data
Slide 21: Stock Price
Stock Price Beginning Price 01/01/12 $21.25 Ending Price 12/31/12 $27.43 Stock Performance Gain $ 6.18 % Gain 29.08% Dividend Yield 4.71% Total Annualized Return 33.79%
Slide 22: Book Value vs. Stock Price
$23.92 $24.51 $25.99 $28.85 $31.39 $25.00 $20.50 $21.75 $21.25 $27.43 20.00 22.00 24.00 26.00 28.00 30.00 32.00 2008 2009 2010 2011 2012 Book Value Share Price Book Value vs. Stock Price
Slide 23: Peer Analysis - Performance
Measurement ENBP ** % PA Bank Peer ** % Return on Avg . Assets (LTM) 0.96 0.73 Return on Avg. Equity (LTM) 8.63 6.38 Price to Earnings 10.47 14.93 Price to Book 0.89 1.09 Dividend Yield 3.57 2.56 Peer Analysis - Performance * * As of December 31, 2012 ** Data from McAdams Wright Ragen’s Q4 2012 Comm
Slide 24: Peer Analysis - Performance
Measurement ENBP ** % PA Bank Peer ** % Loans/Deposits 64.33 74.90 Non Int Dep/Total Deposits 24.74 13.44 Equity to Assets 11.20 10.34 Non - Perf . Asset s/Total Assets 0.23 1.80 ALLL/Loans 1.84 1.48 Peer Analysis - Performance * * As of December 31, 2012 ** Data from McAdams Wright Ragen’s Q4 2012
Slide 25: First Quarter Results
• Q1 2013 » Earnings: $2,008,000 versus $2,189,000 (Q1 2012) • 8.3% decrease from Q1 2012 » Net Interest Margin: • Q1 2013 – 3.16% • Q4 2012 – 3.23% » Security Gains: $918,000 First Quarter Results
Slide 26: 2013 Financial Challenges
• Profitable Loan Growth • Margin Compression • Increased Regulatory Burden 2013 Financial Challenges
Slide 27: 2013 Financial Opportunities
• New Branches/Market Opportunities • Improved Balance Sheet Mix • Well Capitalized • Strong Brand Equity 2013 Financial Opportunities
Slide 28: Growth Initiatives
Presented by: Mary E. Leaman Vice President and Sr. Retail Officer – Ephrata National Bank Growth Initiatives
Slide 29: ENB Branch Locations
ENB Branch Locations iN] non (ENB)
Slide 30: Growing Branches - Leola
Growing Branches - Leola The shoppes se Fetowtrook 2 \ { : i a i vaonsnseet Bg. = semtat g He i tam | The Shoppes at The Meadowbrook- 3611 Main Street, Leola (ENB)
Slide 31: Growing Branches - Myerstown
Growing Branches - Myerstown
Slide 32: Growing Technology Mobile Banking App
Growing Technology Mobile Banking App
Slide 33: Growing Technology Remote Deposit Capture
Growing Technology Mobile Banking App Growing Technology Remote Deposit Capture
Slide 34: Growing Technology Online Banking
Growing Technology Online Banking
Slide 35: Growing Relationships Contact Center
Growing Relationships Contact Center
Slide 36: We Care
We Care • C ourteous • A ccurate • R esponsive • E mpowered
Slide 37: Questions & Answers
Questions & Answers
Slide 38: Voting Results
Presented by: Paul W. Wenger Corporate Secretary - ENB Financial Corp Voting Results
Slide 39: Adjournment
Adjournment Thank you! (ENB)