ENB Financial Corp · OTC:ENBP
ENB Financial — Shareholder Meeting (April 2008)
25 slides from ENB Financial's shareholder meeting presentation, Apr 16, 2008
Slide 1: 2008 Annual Meeting
2008 Annual Meeting
Slide 2: Meeting agenda
Meeting agenda • Reading of the notice from the cover letter of the Proxy Statement •To establish the number of directors to be elected at nine •Elect directors •Formation ENB Financial Corp •Option to adjourn or postpone • Reading of the affidavit of mailing • Statement regarding a quorum
Slide 3: Board of Directors
BOARD of DIRECTORS • Paul W. Brubaker • J. Harold Summers • Aaron L. Groff, Jr. • Mark C. Wagner • Willis R. Lefever • Paul M. Zimmerman, Jr. • Donald Z. Musser • Thomas H. Zinn • Bonnie R. Sharp
Slide 4: Bank Holding Company
Bank Holding Company • ENB Financial Corp –Ephrata National Bank –Purchase / hold our own stock –Trading in stocks of other banks –Real estate subsidiary –Investment portfolio and tax planning
Slide 5: Bank Holding Company
Bank Holding Company ENB Financial Corp Ephrata Other future National subsidiaries Bank
Slide 6: Voting process
Voting process • Proxy Holders – Janice S. Eaby – John H. Shuey • Judges of Election – Richard H. Binner – Roger S. Kline – William M. Rohrbach
Slide 7: President's remarks
President’s remarks
Slide 8: Board transitions
BOARD transitions • Retirements – Walter K. Trumbauer – James C. Gibbel • Appointments – Mark C. Wagner – Susan Y. Nicholas
Slide 9: Senior management
SENIOR management • 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 • S
Slide 10: Financial performance
Financial performance
Slide 11: 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 12: Net income
Net income 7,500 6,985 6,467 6,801 6,244 Dollars in thousands 6,500 5,357 5,500 5,063 4,771 4,500 3,500 2,500 2001 2002 2003 2004 2005 2006 2007
Slide 13: 2007 Significant items
2007 Significant items • Net charge-offs & provision • Net interest margin • Net interest income • Operating expenses
Slide 14: Net charge-offs
Net charge-offs 1,200 1,120 1,008 1,000 D ollars in thousands 755 800 549 600 400 173 190 200 131 0 2001 2002 2003 2004 2005 2006 2007
Slide 15: Net Interest margin
Net Interest margin 4.00% 3.80% 3.58% 3.61% 3.63% 3.65% 3.60% 3.40% 3.20% 3.00% 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr
Slide 16: Yield curve
Yield curve 6.00% 5.00% 5.03% 4.57% 4.53% 4.64% 4.00% 3/31/2007 3.39% 3.00% 3/31/2008 2.44% 2.00% 1.59% 1.00% 1.33% 0.00% 3 mo 3 yr 5 yr 10 yr
Slide 17: Net Interest income
Net Interest income 20.0 19.1 19.0 18.7 18.7 Dollars in millions 18.3 18.0 17.6 17.1 17.0 16.0 15.0 14.8 14.0 2001 2002 2003 2004 2005 2006 2007
Slide 18: Operating expenses
Operating expenses 18.0 16.8 16.0 15.3 Dollars in millions 13.8 14.0 13.1 12.6 12.0 11.5 10.6 10.0 8.0 2001 2002 2003 2004 2005 2006 2007
Slide 19: Earnings per share
Earnings per share $2.60 2.39 2.31 2.20 2.13 $2.20 1.82 1.77 $1.80 1.67 $1.40 $1.00 2001 2002 2003 2004 2005 2006 2007
Slide 20: Dividends per share
Dividends per share $1.25 1.17 1.21 1.12 1.04 0.96 $1.00 0.87 0.77 $0.75 $0.50 2001 2002 2003 2004 2005 2006 2007
Slide 21: Peer analysis
Peer analysis Measurement ENB Peer ROAA 0.82% 0.78% ROAE 7.63% 7.89% Net interest Margin 3.62% 3.72% Efficiency Ratio 65.4% 70.24% NPA’s /Assets 0.25% 0.81% Capital Ratio 10.9% 9.4% Peer Group is defined as all banks in the Philadelphia Federal Reserve District as provided by the Office of the Compt
Slide 22: First quarter results
First quarter results • 2008 $1,395,000 versus 2007 $682,000 • 104.5% increase
Slide 23: Questions?
Questions ?
Slide 24: Results of voting
Results of voting • To establish the number of directors to be elected at nine • Elect Directors • Formation of ENB Financial Corp • Option to adjourn to postpone
Slide 25: 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 per