Slide 1: Annual Meeting of Shareholders May 3, 2011
Annual Meeting of Shareholders May 3, 2011
Slide 2: Special Cautionary Notice Regarding Forward-Looking Statements
Special Cautionary Notice Regarding Forward-Looking Statements During the course of this presentation, there may be projections and forward-looking statements regarding events or the future financial performance of ACNB Corporation. We wish to caution you that these forward-looking statements involv
Slide 3: Banking Industry Profile
Banking Industry Profile Source: FDIC, 2010 Banking Profile 2005 2006 2007 2008 2009 2010 Return on Assets 1.28% 1.28% 0.81% 0.03% (0.08%) 0.66% ROA Return on Equity 12.43% 12.30% 7.75% 0.35% (0.77%) 5.99% ROE Net Interest 3.47% 3.31% 3.29% 3.16% 3.47% 3.76% Margin Net Charge-Offs 0.49% 0.39% 0.59%
Slide 4: ACNB Corporation - 2010 Net Income and Dividends
ACNB Corporation - 2010 Net Income = $8,419,000 Dividends Paid in Cash = $4,506,000 Percent of Earnings Paid = 53.5% Retained Earnings to Support Future Growth = $3,913,000 Percent of Earnings Retained = 46.5% FDIC Peer Group (1,166 Banks) Dividend Payout Ratio = 26.3%
Slide 5: Year-End Comparisons December 31, 2010
Year-End Comparisons December 31, 2010 Sources: ACNB 10-K, FDIC Banking Profile ACNB FDIC Insured Corporation Institutions ROA 0.86% 0.66% ROE 9.15% 5.99% Yield on Loans 5.43% 5.97% Yield on Securities 4.02% 3.34% Cost of Interest Bearing Deposits 0.96% 1.40% Net Interest Margin 3.92% 3.76% Total Ov
Slide 6: 2010 CEO Compensation Report
2010 CEO Compensation Report Source: 2011 Corporate Proxy Financial Institution Asset Size Millions ($) Net Income Millions ($) Base Salary Cash Bonus Equity Awards Total ACNB Corporation $968.7 $8.4 $285,000 $12,850 $0 $297,850 Gettysburg, PA F & M Trust $951.9 $7.6 $231,634 $37,060 $11,700 $280,39
Slide 7: 2010 Director Compensation Report
2010 Director Compensation Report Source: 2011 Corporate Proxy Financial Institution Asset Size Millions ($) Net Income Millions ($) Total Director Fees Average Director Fees ACNB Corporation $968.7 $8.4 $208,983 $21,465 Gettysburg, PA F & M Trust $951.9 $7.6 $312,686 $31,269 Chambersburg, PA People
Slide 8: David W. Cathell, EVP, Treasurer & Chief Financial Officer
David W. Cathell EVP, Treasurer & Chief Financial Officer
Slide 9: Federal Deposit Insurance Corporation Improvement Act (FDICIA)
Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) The Federal Deposit Insurance Corporation Improvement Act requires that institutions be classified, based on their risk-based capital ratios into one of five defined categories: well capitalized, adequately capitalized, undercapi
Slide 10: Regulation of Bank
Regulation of Bank The Pennsylvania Department of Banking, which has primary supervisory authority over banks chartered in Pennsylvania, regularly examines banks in such areas as reserves, loans, investments, management practices, and other aspects of operations. The FDIC is the primary federal regu
Slide 11: Report of Independent Auditors: Financial Statements
In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of ACNB Corporation and Subsidiaries as of December 31, 2010 and 2009, and the results of their operations and their cash flows for each of the years in the three-year period ended
Slide 12: Report of Independent Auditors: Internal Controls
ParenteBeard LLC Report on Internal Controls Report of Independent Auditors In our opinion, ACNB Corporation maintained, in all material respects, effective internal control over financial reporting as of December 31, 2010, based on criteria established in Internal Control – Integrated Framework iss
Slide 13: ACNB Corporation Balance Sheet Trends
ACNB Corporation Balance Sheet Trends At Year-End in Millions of Dollars
Slide 14: Net Interest Income
Net Interest Income At Year-End in Millions of Dollars
Slide 15: Stockholders' Equity
Stockholders’ Equity At Year-End in Millions of Dollars
Slide 16: Book Value Per Share
Book Value Per Share At Year-End in Dollars
Slide 17: James P. Helt, EVP/Banking Services
James P. Helt EVP/Banking Services
Slide 18: Total Loans
Total Loans At Year-End in Millions of Dollars
Slide 19: Loan Volume by Segment
Loan Volume by Segment At Year-End in Millions of Dollars
Slide 20: Allowance for Loan Losses
Allowance for Loan Losses At Year-End as Percentage of Total Loans Industry Peer Group includes: All Commercial Banks with asset size of $300 million to $1 billion/FDIC Uniform Bank Performance Report
Slide 21: Non-Performing Loans
Non-Performing Loans At Year-End as Percentage of Total Loans Industry Peer Group includes: All Commercial Banks with asset size of $300 million to $1 billion/FDIC Uniform Bank Performance Report
Slide 22: Other Real Estate Owned
Other Real Estate Owned At Period-End in Thousands of Dollars
Slide 23: Net Loan Losses to Total Loans
Net Loan Losses to Total Loans Industry Peer Group includes: All Commercial Banks with asset size of $300 million to $1 billion/FDIC Uniform Bank Performance Report At Year-End as Percentage of Total Loans
Slide 24: Total Deposits
Total Deposits At Year-End in Millions of Dollars
Slide 25: Deposit Volume by Segment
Deposit Volume by Segment At Year-End in Millions of Dollars
Slide 26: Lynda L. Glass, EVP & Secretary
Lynda L. Glass EVP & Secretary
Slide 27: 2010 Key Strategic Decisions
2010 Key Strategic Decisions Bank Charter Conversion and Rebranding Listing on The NASDAQ Capital Market Introduction of the ACNB Corporation Dividend Reinvestment and Stock Purchase Plan
Slide 28: Bank Charter Conversion & Rebranding
Bank Charter Conversion & Rebranding Effective October 4, 2010. Conversion from a national banking association to a Pennsylvania state-chartered bank and trust company. State bank charter better serves the needs of a community bank.
Slide 29: Bank Charter Conversion & Rebranding
Bank Charter Conversion & Rebranding Removal of “National” from the Bank’s name was required. Adams County National Bank no longer served the Bank well with continued expansion outside of Adams County. ACNB Bank is consistent with ACNB Corporation and the stock symbol of ACNB.
Slide 30: Bank Charter Conversion & Rebranding
Bank Charter Conversion & Rebranding
Slide 31: Listing on The NASDAQ Capital Market
Listing on The NASDAQ Capital Market Effective December 20, 2010. Increase liquidity for shareholders. Provide greater access to capital markets for future growth. Expand the future shareholder base of ACNB Corporation.
Slide 32: Listing on The NASDAQ Capital Market: Stock Price
Listing on The NASDAQ Capital Market ACNB Corporation Stock Price April 29, 2010 – April 29, 2011 In Dollars Source: www.nasdaq.com X 12/20/2010
Slide 33: Dividend Reinvestment & Stock Purchase Plan
Dividend Reinvestment & Stock Purchase Plan Effective January 24, 2011. Means of growing ACNB Corporation capital. Convenient and economical method for shareholders to invest in ACNB Corporation common stock.
Slide 34: Dividend Reinvestment & Stock Purchase Plan Results
Dividend Reinvestment & Stock Purchase Plan As of the First Plan Dividend Date of March 15, 2011 213 Plan Participants/8.5% of Registered Holders 142,448 Enrolled Plan Shares $27,059 Dividends Reinvested $59,400 Voluntary Cash Purchases $86,459 Total Plan Investment $15.255 Plan Stock Price Paid 5,6
Slide 35: 2011 Strategic Direction Overview
2011 Strategic Direction Overview Asset growth driven by loan growth at ACNB Bank, with funding primarily a result of deposit growth. Contributions to net income from ACNB Bank Trust & Investment Services and Russell Insurance Group, Inc. Expense management and control throughout ACNB Corporation’s
Slide 36: www.acnb.com Investor Relations
www.acnb.com Investor Relations
Slide 37: Frank C. Russell, Jr., President & CEO
Frank C. Russell, Jr. President & CEO
Slide 38: Russell Insurance Group EPS
Russell Insurance Group EPS Earnings Per Share at Year-End
Slide 39: Russell Insurance Group Net Income
Russell Insurance Group Net Income GAAP Basis at Period-End
Slide 40: Paul H. Ketterman, Jr., SVP & Senior Trust Officer
Paul H. Ketterman, Jr. SVP & Senior Trust Officer
Slide 41: Trust Department Assets
Trust Department Assets At Year-End in Millions of Dollars
Slide 42: Trust Department Fee Income
Trust Department Fee Income At Year-End in Thousands of Dollars
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