ENB Financial Corp · OTC:ENBP
ENB Financial — Shareholder Meeting (May 2017)
39 slides from ENB Financial's shareholder meeting presentation, May 11, 2017
Slide 1: ENB Financial Corp 2017 Annual Shareholders Meeting
ENB Financial Corp 2017 Annual Shareholders Meeting May 9, 2017
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 » 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 » Barry W. Harting • Vice President and Corporate Secretary – ENB Financial Corp • Senior Vice President and Chief Risk Officer – Ephrata National Bank » Scott E. Lied • Treasurer – ENB Financial
Slide 4: Meeting Certification
Presented by: Barry W. Harting Corporate Secretary - ENB Financial Corp Meeting Certification
Slide 5: Matters of Proxy
Matters of Proxy Proxy Holders 1. Elect three (3) Class C directors to serve a 3 - year term 2. Transact other business
Slide 6: Election of Directors – Class C
1. Elect three (3) Class C directors to serve a 3 - year term Matters of Proxy Election of Directors – Class C Susan Y. Nicholas Mark C. Wagner Paul W. Wenger
Slide 7: Current Directors
Current Directors Continuing Directors – Class B Willis R. Lefever Donald Z. Musser Judith A. Weaver Continuing Directors – Class A Aaron L. Groff, Jr. Dr. Brian K. Reed Paul M. Zimmerman, Jr.
Slide 8: Voting Process
Presented by: Barry W. Harting Corporate Secretary - ENB Financial Corp Voting Process
Slide 9: Voting Process
Voting Process Proxy Holders » Janice S. Eaby » John H. Shuey Judges of Election » Richard H. Binner » Roger S. Kline » John L. Weber
Slide 10: President's Remarks
Presented by: Aaron L. Groff, Jr. President & CEO - ENB Financial Corp President’s Remarks
Slide 11: Mission Statement
» To remain an independent community bank of undisputed integrity, serving the communities of 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 hig
Slide 12: Vision Statement
To help clients achieve financial success as defined by them by discovering their goals and dreams in order to provide helpful advice. Vision Statement
Slide 13: Growth: New Branch Performance
Growth New Branch Performance
Slide 14: Growth: New Branch Performance
Growth New Branch Performance
Slide 15: Stability
Stability 5 ‘ mon He 4 ii ed 7 g fe Ls - _—
Slide 16: Growth: Agricultural & Commercial Banking
Growth Agricultural & Commercial Banking
Slide 17: Leveraging Technology: New Account Desk
Leveraging Technology New Account Desk
Slide 18: Leveraging Technology: Cash Recycler
Leveraging Technology Cash Recycler
Slide 19: Personal Accountability
Personal Accountability Qi. it DD
Slide 20: Milestones: Billion Dollar Mark
Milestones Billion Dollar Mark
Slide 21: Economic Development: Wenger Feed Mill
Economic Development Wenger Feed Mill
Slide 22: Financial Condition
Presented by: Scott E. Lied Treasurer - ENB Financial Corp Financial Condition
Slide 23: 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 used
Slide 24: Dollars in Thousands
Dollars in Thousands 8,000 6,000 4,000 , 2012 F092 2013 2014 ENB 6,910 2015 7,553 2016 |
Slide 25: Significant Items
Significant Items Dollars in Thousands 2016 $ 2015 $ Incr./ Decr . $ Incr./ Decr . % Net Interest Income 25,287 23,098 2,189 9.5 Provision for Loan Loss 325 150 175 NA Other Income 8,774 7,215 1,559 21.6 Security Gains 2,370 2,840 (470) (16.5) Operating Expense 27,200 24,735 2,465 10.0
Slide 26: Residential Lending Balances
Residential Lending Balances Dollars in Millions 2016 $ 2015 $ Increase $ Increase % Mortgage Production 103.0 65.0 38.0 58.5 Total Mortgages Held 120.8 98.6 22.2 22.5 Adjustable Rate Mortgages 42.5 18.5 24.0 129.7 Total Home Equity Loans 57.8 43.7 14.1 32.3
Slide 27: Residential Lending Income
Residential Lending Income Dollars in Thousands 2016 $ 2015 $ Increase $ Increase % Gains on Sale of Mortgages 1,512 806 706 87.6 Mortgage Fee Income 673 540 133 24.6 Mortgage Interest Income 4,778 4,200 578 13.8 HELOC Interest Income 1,874 1,461 413 28.3
Slide 28: Performance Ratios
Performance Ratios 2016 % 2015 % Return on Average Assets (ROA) 0.80 0.79 Return on Average Equity (ROE) 7.74 7.38 Net Interest Margin 3.12 3.07 Efficiency Ratio 75.12 76.86
Slide 29: Per Share Data
Per Share Data 2016 2015 Earnings Per Share $2.65 $2.42 Dividends Per Share $1.09 $1.08 Dividend Payout Ratio 41.1% 44.6%
Slide 30: 2016 Peer Analysis
2016 Peer Analysis Measurement ENBP % PA Bank Peer* % Return of Average Assets (LTM) 0.80 0.83 Return on Average Equity (LTM) 7.70 8.00 Price to Earnings (LTM) 13.3 15.2 Price to Tangible Book 105 124 Dividend Yield (LTM) 3.26 2.59 *Data as of December 31, 2016 from Boenning & Scattergood, Inc., 1 s
Slide 31: 2016 Peer Analysis
2016 Peer Analysis Measurement ENBP % PA Bank Peer* % Tangible Capital to Assets 9.60 9.00 Tier 1 Capital Ratio 14.1 13.3 Total Risk Based Capital 15.2 14.3 Non - Performing Assets/Total Assets 0.11 0.91 Allowance for Loan Losses/Total Loans 1.32 1.08 *Data as of December 31, 2016 from Boenning & Sc
Slide 32: Balance Sheet Growth
Balance Sheet Growth » Total Assets up $78.7 million + 8.7% » Total Loans up $51.3 million + 9.9% » Total Deposits up $77.4 million + 10.5% » Total Capital down $0.2 million - 0.2%
Slide 33: First Quarter Results (Unaudited)
First Quarter Results (Unaudited) First Quarter 2017 vs. First Quarter 2016 » Earnings: $1.83 million, 4.4% decrease » Net Interest Income: $7.3 million vs. $6.1 million » Provision for Loan Losses: $90,000 vs. (50,000) » Security Gains: $140,000 vs. $728,000 » Mortgage Gains: $355,000 vs. $155,000
Slide 34: 2017 Challenges & Opportunities
2017 Challenges & Opportunities Challenges » Loan Growth » New Market Participants » New Branch Growth Opportunities » Net Interest Margin Growth » Mortgage Growth » Market Disruption
Slide 35: Questions & Answers
Questions & Answers
Slide 36: Voting Results
Presented by: Barry W. Harting Corporate Secretary - ENB Financial Corp Voting Results
Slide 37: Communication
Communication
Slide 38: Questions & Answers
Questions & Answers
Slide 39: Adjournment Thank you!
Adjournment Thank you!