East Penn Financial — Shareholder Meeting (May 2005)
66 slides from East Penn Financial's shareholder meeting presentation, May 17, 2005
Slide 1: 2005 Annual Shareholders Meeting
Exhibit 99.1 – Slides used at the East Penn Financial Corporation 2005 Annual Shareholders Meeting 2005 Annual Shareholders Meeting
Slide 2: Music by Rudy Lucente
MUSIC BY RUDY LUCENTE
Slide 3: Welcome to Our Annual Meeting
WELCOME TO OUR ANNUAL MEETING May 12, 2005
Slide 4: Woody Rohrbach, Chairman
“WOODY” ROHRBACH CHAIRMAN
Slide 5: Bruce R. Keil, Secretary
BRUCE R. KEIL SECRETARY
Slide 6: Forrest Woody A. Rohrbach - Chairman
Forrest “Woody” A. Rohrbach - Chairman East Penn Financial Corp.
Slide 7: Dale A. Dries - Director
Dale A. Dries - Director East Penn Financial Corp.
Slide 8: Tom R. Gulla - Director
East Penn Financial Corp. Tom R. Gulla - Director
Slide 9: Allen E. Kiefer - Director
East Penn Financial Corp. Allen E. Kiefer - Director
Slide 10: Brent L. Peters - President & CEO
East Penn Financial Corp. Brent L. Peters – President & CEO
Slide 11: Gordon K. Schantz - Director
East Penn Financial Corp. Gordon K. Schantz - Director
Slide 12: Linn H. Schantz - Director
East Penn Financial Corp. Linn H. Schantz - Director
Slide 13: Don R. Schneck - Director
East Penn Financial Corp. Don R. Schneck - Director
Slide 14: Peter L. Shaffer - Director
East Penn Financial Corp. Peter L. Shaffer - Director
Slide 15: Harry Tantaros - Director
East Penn Financial Corp. “Harry” Tantaros - Director
Slide 16: Dr. Geoff Toonder - Director
East Penn Financial Corp. Dr. Geoff Toonder - Director
Slide 17: Atty. Don S. Young - Vice-Chairman
East Penn Financial Corp. Atty. Don S. Young – Vice-Chairman
Slide 18: Woody Rohrbach, Chairman
“WOODY” ROHRBACH CHAIRMAN
Slide 19: Bruce R. Keil, Secretary
BRUCE R. KEIL SECRETARY
Slide 20: Woody Rohrbach, Chairman
“WOODY” ROHRBACH CHAIRMAN
Slide 21: Motion to Waive Reading of the 2004 Minutes
Motion to Waive the Reading of the Minutes of the 2004 Annual Meeting of Shareholders and to Approve the 2004 Minutes
Slide 22: Don Peterson, Judge of Election
DON PETERSON JUDGE OF ELECTION
Slide 23: Motion to Elect Four Class A Directors
Motion to Elect Four Class A Directors Gordon K. Schantz Donald R. Schneck Konstantinos A. Tantaros Dr. F. Geoffrey Toonder
Slide 24: Motion to Ratify Independent Auditors
Beard Miller Company, LLP as Independent Auditors for the year ending December 31, 2005 Motion to ratify the selection of
Slide 25: Woody Rohrbach, Chairman
“WOODY” ROHRBACH CHAIRMAN
Slide 26: Brent L. Peters, President & CEO
BRENT L. PETERS PRESIDENT & CEO
Slide 27: USB's Annual Ranking
USB'S ANNUAL RANKING Top 200 Publicly Traded Commun Ranked by j Ban avg. Ks ou ro, Bory bir rs omtastrs ut date ane |mamtes lone Pre cen oe {oc | Agnte |"ctomn” eon Parbmorce MOE x) Yr) Etre AC) sees | es| 2 ne m7 me owe Bis #91377 met 707 Gam om 1550 wise | ms | w7 1 te 27s 07 as ae ses 25109 9s _2
Slide 28: Forward-looking Statements
Forward–looking Statements The Corporation has made forward-looking statements in this report that are subject to assumptions, risks and uncertainties. Because of the possibility of change in the underlying assumptions, actual results could differ materially from these forward-looking statements. In
Slide 29: Annual Report
Annual Report
Slide 30: Annual Report
Annual Report
Slide 31: Annual Report
Annual Report
Slide 32: 400.0 350.0 300.0 250.0 200.0 150.0 100.0 50.0 $3654 $359.4 2000 2001 2002 2003
400.0 350.0 300.0 250.0 200.0 150.0 100.0 50.0 00 $3654 $359.4 2000 2001 2002 2003 2004 2005 1st Q
Slide 33: 350.0 300.0 250.0 200.0 150.0 100.0 50.0 0.0 $298.3 $298.0 005 1st Q
350.0 300.0 250.0 200.0 150.0 100.0 50.0 0.0 $298.3 $298.0 2005 1st Q
Slide 34: Deposit Market Share Analysis – Lehigh County
Deposit Market Share Analysis – Lehigh County $5,368,946 Total of Top 20 Institutions 0.99 1.08 59,353 Bank QNB Corp. (PA) 1.29 1.33 73,122 Credit Union PP&L Gold Credit Union (PA) 1.45 1.45 79,604 Bank Harleysville National Corp. (PA) 1.63 1.47 80,639 Bank M&T Bank Corp. (NY) 1.91 1.99 109,116 Bank
Slide 35: Net Outstanding Loans
Net Outstanding Loans in millions
Slide 36: Past Due Loans
Past Due Loans 2001 2002 2003 2004 2005 30-89 Days 0.75% 0.44% 0.57% 0.48% 0.31% 90 Days and Over 0.63% 0.50% 0.21% 0.44% 0.40% Total Past Dues 1.38% 0.94% 0.78% 0.92% 0.71% Peer Group Avg. 1.93% 1.80% 1.59% 1.29% 1 st Qtr Years Ended December 31,
Slide 37: 3.50 3.00 2.50 2.00 1.50 1.00 0.50 0.00 2000 2001 2002 2003 2004 =.
3.50 3.00 2.50 2.00 1.50 1.00 0.50 0.00 2000 2001 2002 2003 2004 =. 2005 1st Q
Slide 38: Selected Financial Data
Selected Financial Data 18.6% $0.43 $0.51 Diluted earnings per share 20.9% $0.43 $0.52 Basic earnings per share 15.2% 13.95% 16.07% Return on average equity -1.1% 0.94% 0.93% Return on average assets 1.3% 7.9% 8.0% Tier I leverage capital 11.0% $3.10 $3.44 Book value 10.9% 19,543 21,667 Stockholders
Slide 39: Summary of Shares Traded
Twelve Months Ended: December 31, 2002 448,300 Shares December 31, 2003 546,461 Shares December 31, 2004 476,834 Shares Four Months Ended: April 30, 2005 190,623 Shares Stock Price Range: Low High 2002 $ 4.56 $ 5.65 2003 $ 5.32 $ 9.49 2004 $ 7.90 $10.35 Closing price @ April 30, 2005 - $ 9.00 (Sourc
Slide 40: Semi-Annual Cash Dividend
Semi-Annual Cash Dividend The first of two dividend payments… 9 cents per share, payable February 28, 2005 to shareholders of record February 4, 2005 The second cash dividend payment will be announced in the second half of 2005.
Slide 41: $0.16 $0.10 $0.06 $0.05 0.20 0.10 (peztpenuue) areyg Jeg spua PAI 0,00 2004 2003
$0.16 $0.10 $0.06 $0.05 0.20 1 0.10 (peztpenuue) areyg Jeg spua PAI 0,00 2004 2003 2002 2001
Slide 42: Weekly Bank Stats (Pennsylvania)
(a) Weekly Bank Stats (Pennsylvania) Janney Montgomery Scott LLC 2005 Tang. Price/ Price/ Price/ EPS NPAs + Rsrvs/ Total Market Stock One Year LTM Est Book LTM 2005 Tang. Growth Div. Eqty/ 90 Day/ NPAs + Effncy Assets Value Price High Low EPS EPS Value EPS EPS Book Yield Assets Assets 90 Day ROAA RO
Slide 43: Slide 43
Slide 44: Berkshire Bank Net Income
BERKSHIRE BANK NET INCOME DECEMBER 2004- MARCH 2005 DOLLARS $8,000 $6,000 $4,000 $2,000 $0
Slide 45: Sampling of De Novo Banks: Time to Sustained Profitability
BERKSHIRE BANK SAMPLING OF DENOVO BANKS TIMING REGARDING ACHIEVEMENT OF SUSTAINED PROFITABILITY 7 Quarters 2003 STILL NOT PROFITABLE AS OF 12/31/04 9+ Quarters 2002* 13 Quarters 2001 15 Quarters 2000* 11 Quarters 1999 11 Quarters 1997 Number of Quarters to Reach Sustained Profitability Year Commence
Slide 46: Outside – South Second Street
outside South Second Street
Slide 47: Lobby – South Second Street
Lobby South Second Street
Slide 48: Conference Room – South Second Street
Conference Room South Second Street
Slide 49: Lunchroom – South Second Street
Lunchroom South Second Street
Slide 50: Lauren – South Second Street
Lauren South Second Street
Slide 51: Proof/Sorter – South Second Street
Proof/sorter South Second Street
Slide 52: Kyle – South Second Street
Kyle South Second Street
Slide 53: Second Floor Conference Room
2 nd floor conference room South Second Street
Slide 54: Communities First Act H.R. 2061
H.R. 2061 Communities First Act Regulatory Relief Tax Reform
Slide 55: Community Banks Serving Their Communities First Act
Community Banks Serving Their Communities First Act Included in the bill’s regulatory relief sections are provisions to: Direct the Federal Reserve to provide greater leeway for bank borrowers to waive the three-day right of rescission so they can access their loan funds more quickly; Permit regulat
Slide 56: Community Banks Serving Their Communities First Act
Community Banks Serving Their Communities First Act The bill also includes tax reform provisions to: Allow a 20% tax credit for C-corporation banks and bank holding companies up to a max credit of $250,000/yr. S- corporation banks could exclude 20% of distributable income not to exceed $1.25 million
Slide 57: Outside – Emmaus High School Branch
Outside Emmaus High School Branch
Slide 58: Lobby – Emmaus High School Branch
lobby Emmaus High School Branch
Slide 59: Tellers – Emmaus High School Branch
tellers Emmaus High School Branch
Slide 60: Questions?
QUESTIONS?
Slide 61: Woody Rohrbach, Chairman
“WOODY” ROHRBACH CHAIRMAN
Slide 62: Motion to Confirm Management Reports and Reported Actions
Management Reports and Reported Actions of the Corporation’s Directors and Officers for the Year Ending December 31, 2004. Motion to approve a resolution to confirm
Slide 63: Don Peterson, Judge of Election
DON PETERSON JUDGE OF ELECTION
Slide 64: Woody Rohrbach, Chairman
“WOODY” ROHRBACH CHAIRMAN
Slide 65: Motion to Adjourn the Annual Meeting
Motion to adjourn the Annual Meeting of Shareholders for the Year 2005
Slide 66: Please Join Us for Refreshments
PLEASE JOIN US IN THE MUSEUM FOR REFRESHMENTS