ENB Financial Corp · OTC:ENBP

ENB Financial — Shareholder Meeting (May 2017)

39 slides from ENB Financial's shareholder meeting presentation, May 11, 2017

  1. Slide 1: ENB Financial Corp 2017 Annual Shareholders Meeting

    ENB Financial Corp 2017 Annual Shareholders Meeting May 9, 2017

  2. 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

  3. 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

  4. Slide 4: Meeting Certification

    Presented by: Barry W. Harting Corporate Secretary - ENB Financial Corp Meeting Certification

  5. 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

  6. 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

  7. 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.

  8. Slide 8: Voting Process

    Presented by: Barry W. Harting Corporate Secretary - ENB Financial Corp Voting Process

  9. 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

  10. Slide 10: President's Remarks

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

  11. 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

  12. 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

  13. Slide 13: Growth: New Branch Performance

    Growth New Branch Performance

  14. Slide 14: Growth: New Branch Performance

    Growth New Branch Performance

  15. Slide 15: Stability

    Stability 5 ‘ mon He 4 ii ed 7 g fe Ls - _—

  16. Slide 16: Growth: Agricultural & Commercial Banking

    Growth Agricultural & Commercial Banking

  17. Slide 17: Leveraging Technology: New Account Desk

    Leveraging Technology New Account Desk

  18. Slide 18: Leveraging Technology: Cash Recycler

    Leveraging Technology Cash Recycler

  19. Slide 19: Personal Accountability

    Personal Accountability Qi. it DD

  20. Slide 20: Milestones: Billion Dollar Mark

    Milestones Billion Dollar Mark

  21. Slide 21: Economic Development: Wenger Feed Mill

    Economic Development Wenger Feed Mill

  22. Slide 22: Financial Condition

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

  23. 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

  24. 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 |

  25. 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

  26. 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

  27. 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

  28. 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

  29. 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%

  30. 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

  31. 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

  32. 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%

  33. 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

  34. 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

  35. Slide 35: Questions & Answers

    Questions & Answers

  36. Slide 36: Voting Results

    Presented by: Barry W. Harting Corporate Secretary - ENB Financial Corp Voting Results

  37. Slide 37: Communication

    Communication

  38. Slide 38: Questions & Answers

    Questions & Answers

  39. Slide 39: Adjournment Thank you!

    Adjournment Thank you!

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