Attached files
| file | filename |
|---|---|
| 8-K - FORM 8K - ENB Financial Corp | form8k-114620_enb.htm |
Exhibit 99.1
• Welcome
• Reading of the Minutes
• Certify Voting Activity
• Vote on Matters of the Proxy Statement
• Discussion of Condition of Company
Ø President’s Remarks
Ø Financial Review
Ø Lending Environment
• Questions & Answers
• Vote Results
• Adjournment
AGENDA
PRESENTERS
• Aaron L. Groff, Jr.
Ø President, CEO and Board Chairman - ENB Financial Corp
and Ephrata National Bank
and Ephrata National Bank
• Paul W. Wenger
Ø Vice President and Corporate Secretary - ENB Financial Corp
Ø Senior Vice President and Cashier - Ephrata National Bank
• Scott E. Lied
Ø Treasurer - ENB Financial Corp
Ø Senior Vice President and Chief Financial Officer -
Ephrata National Bank
Ephrata National Bank
• Dale G. Burkholder
Ø Senior Vice President and Senior Loan Officer - Ephrata National Bank
Presented by: Paul W. Wenger
Corporate Secretary - ENB Financial Corp
Corporate Secretary - ENB Financial Corp
ELECTION CERTIFICATION
• Elect three (3) Class C directors to serve a
three-year term
three-year term
MATTERS OF PROXY
CURRENT DIRECTORS
|
Class C Election (3 Year Term)
|
|
|
Susan Y. Nicholas
|
Paul W. Wenger
|
|
Mark C. Wagner
|
|
|
Continuing Directors - Class A
|
|
|
Aaron L. Groff, Jr.
J. Harold Summers
|
Paul M. Zimmerman, Jr.
Thomas H. Zinn
|
|
Continuing Directors - Class B
|
|
|
Willis R. Lefever
Donald Z. Musser
|
Bonnie R. Sharp
|
VOTING PROCESS
Presented by: Paul W. Wenger
Corporate Secretary - ENB Financial Corp
Corporate Secretary - ENB Financial Corp
Proxy Holders
• Janice S. Eaby
• John H. Shuey
Judges of Election
• Richard H. Binner
• Roger S. Kline
• William M. Rohrbach
VOTING PROCESS
Presented by: Aaron L. Groff, Jr.
President/CEO - ENB Financial Corp
PRESIDENT’S REMARKS
Ø To remain an independent community bank of
undisputed integrity, serving the communities of
Northern Lancaster County and beyond.
undisputed integrity, serving the communities of
Northern Lancaster County and beyond.
Ø To offer state-of-the-art financial products and
services of high quality and value at an affordable
price.
services of high quality and value at an affordable
price.
Ø To provide unsurpassed personal service, delivered
by a highly dedicated professional team.
by a highly dedicated professional team.
MISSION STATEMENT
• Courteous
• Accurate
• Responsive
• Empowered
WE CARE
• Growth
• Efficiency
• Leadership development
• Successfully navigate the new regulatory
environment
environment
• Stay true to our community banking core
values
values
STRATEGIC INITIATIVES
Presented by: Scott E. Lied
Treasurer - ENB Financial Corp
FINANCIAL CONDITION
• Unaudited Financial Information
Ø 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.
information that is unaudited. Therefore, this information is
subject to adjustments that could be necessary upon
completion of the annual audit.
• Forward Looking Statements
Ø Some of the material and/or language used in this
presentation would be considered as a forward looking
statement. Management is not obligated to update these
forward looking statements.
presentation would be considered as a forward looking
statement. Management is not obligated to update these
forward looking statements.
DISCLOSURES
NET INCOME
SIGNIFICANT ITEMS
|
Net Interest Income
|
$
|
1,222,000
|
increase
|
|
Other Income
|
$
|
520,000
|
increase
|
|
Operating Expenses
|
$
|
12,000
|
decrease
|
|
Provision Expense
|
$
|
1,120,000
|
decrease
|
NET INTEREST INCOME
OTHER INCOME
OPERATING EXPENSES
PROVISION EXPENSE
EARNINGS AND DIVIDENDS PER SHARE
DIVIDEND COMPARISON
|
Corporate Name
|
Current
Dividend |
Change from Dividend
High (2006 - 2008) |
|
ENB Financial Corp
|
$0.24
|
-22.58%
|
|
VIST Financial Corp
|
$0.05
|
-75.00%
|
|
Fulton Financial Corp
|
$0.04
|
-77.78%
|
|
National Penn Bancshares
|
$0.01
|
-94.12%
|
|
Susquehanna Bancshares
|
$0.02
|
-91.30%
|
|
Union National
Financial Corp |
$0.00
|
-100.00%
|
SHAREHOLDER VALUE
*Average derived from first quarter 2011 daily close prices.
** Dividend yield calculated as of 03/31/2011.
|
|
ENBP
|
SUSQ
|
FULT
|
|
Average Stock Price - Oct 2008
|
$25.69
|
$17.12
|
$11.62
|
|
Average Stock Price - Jul 2009
Jul 2009 Price as % of Oct 2008 Price
|
$24.83
97%
|
$4.80
28%
|
$6.05
52%
|
|
Average Stock Price* - Q1 2011
Q1 2011 Price as % of Oct 2008 Price
|
$22.54
88%
|
$9.52
56%
|
$10.69
92%
|
|
Current Dividend Yield on Investment**
|
4.26%
|
0.42%
|
1.50%
|
|
Measurement
|
ENB
|
Peer**
|
|
Return on Assets (ROA)
|
0.86%
|
0.50%
|
|
Return on Equity (ROE)
|
8.88%
|
4.60%
|
|
Efficiency Ratio
|
65.55%
|
68.18%
|
|
Tier 1 Leverage Capital
|
9.63%
|
9.08%
|
PEER ANALYSIS*
* As of December 31, 2010
** Peer Group is defined as all banks nationwide with assets between $300 million and
$1 billion.
$1 billion.
• Q1 2011
Ø Earnings: $1,697,000 versus $1,468,000 (Q1 2010)
• 15.6% increase over Q1 2010
Ø Assets: $756 million versus $748 million (Q4 2010)
• 1.0% increase over year-end 2010
FIRST QUARTER RESULTS
LENDING ENVIRONMENT
Presented by: Dale G. Burkholder
Sr. Vice President and Sr. Lending Officer -
Ephrata National Bank
Ephrata National Bank
LOAN GROWTH RATES
* Peer Group is defined as all banks nationwide with assets between $300 million and
$1 billion.
$1 billion.
AVERAGE LOAN GROWTH
MIX OF LOAN PORTFOLIO
* Peer Group is defined as all banks nationwide with assets between $300 million and
$1 billion.
$1 billion.
|
Measurement
|
ENB
|
Peer*
|
|
Delinquent Loans as a % of Total Loans
|
1.38%
|
4.51%
|
|
Non-performing Loans as a % of Total Loans
|
0.97%
|
3.22%
|
|
ALLL as a % of Total Loans
|
1.72%
|
1.96%
|
|
Charge-offs as a % of Average Loans
|
0.14%
|
1.01%
|
ASSET QUALITY
* Peer Group is defined as all banks nationwide with assets between $300 million and
$1 billion.
$1 billion.
HISTORICAL LOAN LOSSES
QUESTIONS & ANSWERS
Presented by: Paul W. Wenger
Corporate Secretary - ENB Financial Corp
Corporate Secretary - ENB Financial Corp
VOTING RESULTS
• Mission Statement:
Ø To remain an independent community bank of
undisputed integrity, serving the communities of
Northern Lancaster County and beyond.
undisputed integrity, serving the communities of
Northern Lancaster County and beyond.
Ø To offer state-of-the-art financial products and
services of high quality and value at an affordable
price.
services of high quality and value at an affordable
price.
Ø To provide unsurpassed personal service, delivered
by a highly dedicated professional team.
by a highly dedicated professional team.
ADJOURNMENT