ENB Financial Corp · OTC:ENBP
ENB Financial — Shareholder Meeting (April 2007)
24 slides from ENB Financial's shareholder meeting presentation, Apr 17, 2007
Slide 1: Welcome Shareholders 2007 Annual Meeting
Welcome Shareholders 2007 Annual Meeting Ephrata National Bank
Slide 2: Annual Meeting Agenda
Annual Meeting Agenda • Reading of the notice from the cover letter of the Proxy Statement • To establish the number of directors at ten • Elect directors • Other • Reading of the affidavit of mailing • Statement regarding a quorum
Slide 3: Directors for 2007-2008
Directors for 2007-2008 • Paul W. Brubaker • Bonnie R. Sharp • James C. Gibbel • J. Harold Summers • Aaron L. Groff, Jr. • Walter K. Trumbauer • Willis R. Lefever • Paul M. Zimmerman, Jr. • Donald Z. Musser • Thomas H. Zinn
Slide 4: Voting Process
Voting Process • Proxy Holders – Robert L. Bensing – Janice S. Eaby – John H. Shuey • Judges of Election – Richard H. Binner – Roger S. Kline – William M. Rohrbach
Slide 5: President's Remarks
President’s Remarks Aaron L. Groff, Jr. “By far the best proof is experience.” – Sir Francis Bacon
Slide 6: Executive Team
Executive Team • Aaron L. Groff, Jr. Chairman of the Board, President and CEO • Paul W. Brubaker Executive VP, Corporate Secretary • Dale G. Burkholder Sr. VP Lending, Sr. Loan Officer • Richard K. Dieterle, Jr. Sr. VP, Money Management Group • Barry W. Harting Sr. VP, Administrative Services • Scot
Slide 7: Reflection and Insight
Reflection and Insight 1. Solid roots in the community 2. A guiding vision 3. Building the foundation for success 4. Moving out into the community 5. A distinguished line of leaders
Slide 8: Strategic Initiatives
Strategic Initiatives 1. Grow Money Management Group 2. Grow loans and boost yield 3. Coordinate branching strategies to sustain core deposit growth 4. Develop customer relationship management 5. Establish performance measurement 6. Create succession plan 7. Evaluate the formation of a holding compa
Slide 9: Financial Performance
Financial Performance Scott E. Lied “Management is doing things right; leadership is doing the right things.” – Peter F. Drucker
Slide 10: Disclosures
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/
Slide 11: Net Income
Net Income $7,500 6,801 6,985 $7,000 6,244 6,467 Dollars in thousands $6,500 $6,000 5,357 $5,500 4,963 $5,000 4,771 $4,500 $4,000 $3,500 $3,000 2000 2001 2002 2003 2004 2005 2006
Slide 12: Significant Items
Significant Items • Declining net interest margin • Higher operating expenses • Higher net charge-offs • Impairment on securities
Slide 13: Net Interest Margin
Net Interest Margin 4.00% 3.80% 3.74% 3.68% 3.67% 3.63% 3.60% 3.40% 3.20% 3.00% 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Annualized quarterly net interest margin
Slide 14: Net Interest Income
Net Interest Income 19.0 18.7 18.7 18.3 18.0 17.1 17.6 17.0 16.0 14.8 15.0 14.0 13.0 12.0 11.0 10.0 2001 2002 2003 2004 2005 2006
Slide 15: Operating Expenses
Operating Expenses 16.0 15.3 13.8 14.0 13.1 12.6 11.5 12.0 10.6 10.0 8.0 6.0 4.0 2001 2002 2003 2004 2005 2006
Slide 16: Charge-offs & Recoveries
Charge-offs & Recoveries 1200 1135 Charge-offs 1000 Recoveries 818 800 572 600 400 197 250 163 200 32 23 24 60 63 15 0 2001 2002 2003 2004 2005 2006
Slide 17: Gain/Loss on Securities
Gain/Loss on Securities 800 599 600 529 400 200 132 20 52 0 -200 -400 -600 -800 -870 -1000 2001 2002 2003 2004 2005 2006
Slide 18: Earnings Per Share
Earnings Per Share $2.60 2.31 2.39 2.13 2.20 $2.20 1.82 $1.80 1.67 1.67 $1.40 $1.00 2000 2001 2002 2003 2004 2005 2006
Slide 19: Dividends Per Share
Dividends Per Share $1.25 1.17 1.12 1.04 $1.00 0.96 0.87 0.77 $0.75 0.70 $0.50 2000 2001 2002 2003 2004 2005 2006
Slide 20: Book Value Per Share
Book Value Per Share $24.00 23.16 22.28 22.28 21.71 $22.00 20.81 $20.00 18.42 $18.00 17.29 $16.00 $14.00 $12.00 $10.00 2000 2001 2002 2003 2004 2005 2006
Slide 21: First Quarter 2007
First Quarter 2007 • Net income $682,000; 59.7% reduction
Slide 22: Questions or Comments
“Progress lies not in enhancing what is, but in advancing toward what will be.” – Kahlil Gibran Questions or Comments
Slide 23: Results of Voting
Results of Voting • To establish the number of directors at ten • To elect the directors
Slide 24: Thank You Shareholders
Thank You Shareholders Our Mission 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 pers