ENB Financial Corp · OTC:ENBP

ENB Financial — Shareholder Meeting (May 2015)

38 slides from ENB Financial's shareholder meeting presentation, May 5, 2015

  1. Slide 1: 2015 Annual Shareholders Meeting

    2015 ANNUAL SHAREHOLDERS MEETING

  2. Slide 2: 2015 Annual Shareholders Meeting, May 5, 2015

    2015 ANNUAL SHAREHOLDERS MEETING MAY 5, 2015 cENB) ENB Financial Corp

  3. Slide 3: Meeting 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

  4. Slide 4: Presiding officers: Groff, Wenger, Lied

     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

  5. Slide 5: Presented by: Paul W. Wenger

    Presented by: Paul W. Wenger Corporate Secretary - ENB Financial Corp

  6. Slide 6: Election of Directors – Class B

    Elect three (3) Class B directors to serve a 3-year term Election of Directors – Class B Willis R. Lefever Donald Z. Musser Judith A. Weaver

  7. Slide 7: Continuing Directors – Class A and Class C

    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

  8. Slide 8: Presented by: Paul W. Wenger

    Presented by: Paul W. Wenger Corporate Secretary - ENB Financial Corp

  9. Slide 9: Retiring and recognized directors

     Janice S. Eaby  Richard H. Binner  John H. Shuey  Roger S. Kline  William M. Rohrbach

  10. Slide 10: Presented by: Aaron L. Groff, Jr.

    Presented by: Aaron L. Groff, Jr. President & CEO - ENB Financial Corp

  11. 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 by a

  12. Slide 12: Forward Mobility

    FORWARD MOBILITY eer aaa ol RE . Ephrata ade Bank 7 ™

  13. Slide 13: Growth

    GROWTH

  14. Slide 14: Technology

    TECHNOLOGY

  15. Slide 15: Mortgage Lending

    MORTGAGE LENDING

  16. Slide 16: Agricultural Lending

    AGRICULTURAL LENDING

  17. Slide 17: Presented by: Scott E. Lied

    Presented by: Scott E. Lied Treasurer - ENB Financial Corp

  18. Slide 18: Unaudited Financial Information; Forward Looking Statements

    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 us

  19. Slide 19: Dollars in Thousands (2010–2014)

    7,642 7,710 8,000 7,148 7,092 6,345 Dollars in Thousands 6,000 4,000 2,000 0 2010 2011 2012 2013 2014

  20. Slide 20: Net Interest Income, Other Income, Operating Expense

    2014 2013 Increase Increase Dollars in Thousands $ $ $ % Net Interest Income 22,461 21,524 937 4.3 Other Income 6,439 6,180 259 4.2 (Excluding Security Gains) Operating Expense 23,421 21,935 1,486 6.8

  21. Slide 21: Dollars in Thousands (2010–2014)

    3,500 3,217 3,109 3,000 Dollars in Thousands 2,500 2,000 1,500 1,500 972 940 1,000 500 0 2010 2011 2012 2013 2014

  22. Slide 22: Dollars in Thousands (2010–2014)

    2,000 1,800 1,575 1,500 Dollars in Thousands 1,000 500 0 (50) -500 (225) -1,000 (975) -1,500 2010 2011 2012 2013 2014

  23. Slide 23: ROA, ROE, Net Interest Margin, Efficiency Ratio

    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

  24. Slide 24: Earnings, Dividends Per Share, Payout Ratio

    2014 2013 Earnings Per Share $2.48 $2.70 Dividends Per Share $1.07 $1.04 Dividend Payout Ratio 43.2% 38.5%

  25. Slide 25: ENBP vs. PA Bank Peer: returns and valuation

    ENBP PA Bank Peer Measurement % % 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 & Scattergood, Inc., Q4 2014 Mid-Atlanti

  26. Slide 26: ENBP vs. PA Bank Peer: capital and asset quality

    ENBP PA Bank Peer Measurement % % 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 Review

  27. Slide 27: Share price and total return

    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)

  28. Slide 28: Loans, assets, deposits, capital 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%)

  29. Slide 29: First Quarter 2015 vs. First Quarter 2014

    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

  30. Slide 30: Challenges facing the bank

     Highly Competitive Lending Environment  Persistent Low Market Rates  Leveraging Mortgage & Trust Platforms  Increased Regulatory Burden

  31. Slide 31: Opportunities and initiatives

     Commercial Lending Opportunities/Initiatives  Increasing Mortgage Penetration  New Rate Environment  In-Market Mergers & Acquisitions

  32. Slide 32: Questions & Answers

    QUESTIONS & ANSWERS = m a yy he E> = aaa *™ =o, -

  33. Slide 33: Presented by: Paul W. Wenger

    Presented by: Paul W. Wenger Corporate Secretary - ENB Financial Corp

  34. Slide 34: J. Harry Hibshman Scholarship Fund

    J. HARRY HIBSHMAN SCHOLARSHIP FUND

  35. Slide 35: Hibshman Scholarship

  36. Slide 36: Questions & Answers

    QUESTIONS & ANSWERS = m a yy he E> = aaa *™ =o, -

  37. Slide 37: Courteous, Accurate, Responsive, Empowered

    Presented by: Aaron L. Groff, Jr. President & CEO - ENB Financial Corp • Courteous • Accurate • Responsive • Empowered

  38. Slide 38: Adjournment: Thank you!

    ADJOURNMENT Thank you!

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