$ENBP

ENB Financial Corp

CIK:0001437479|SEC Filings

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Interest and dividend income:
Interest and fees on loans	$ 24,355	$ 19,974	$ 46,734	$ 39,264
Interest on securities available for sale
Taxable	4,138	5,031	8,362	10,108
Tax-exempt	645	646	1,285	1,317
Interest on deposits at other banks	251	410	473	625
Dividend income	347	355	691	667
Total interest and dividend income	29,736	26,416	57,545	51,981
Interest expense:
Interest on deposits	6,569	6,885	12,967	13,787
Interest on borrowings	2,386	1,874	4,868	3,760
Total interest expense	8,955	8,759	17,835	17,547
Net interest income	20,781	17,657	39,710	34,434
(Release) provision for credit losses	(462)	126	(484)	612
Net interest income after (release) provision for credit losses	21,243	17,531	40,194	33,822
Other income:
Trust and investment services income	928	787	1,985	1,651
Service fees	953	696	1,923	1,462
Commissions	1,117	1,014	2,175	2,026
Loss on the sale of debt securities, net		(2)		(307)
Gain on equity securities, net	15	50	47	22
Gains on sale of mortgages	436	391	948	830
Earnings on bank-owned life insurance	304	282	708	553
Other income	309	363	655	670
Total other income	4,062	3,581	8,441	6,907
Operating expenses:
Salaries and employee benefits	9,182	8,357	18,719	16,637
Occupancy	1,180	873	2,285	1,782
Equipment	628	324	1,160	710
Advertising & marketing	441	375	789	742
Computer software & data processing	2,581	1,781	4,670	3,600
Shares tax	464	382	914	743
Professional services	1,080	811	2,036	1,654
Core deposit intangible amortization	125		208
Merger and conversion related expenses	1,561		3,718
Other expenses	1,024	1,019	2,051	2,373
Total operating expenses	18,266	13,922	36,550	28,241
Income before income taxes	7,039	7,190	12,085	12,488
Provision for income taxes	1,335	1,380	2,357	2,362
Net income	$ 5,704	$ 5,810	$ 9,728	$ 10,126
Per share information:
Basic earnings per share (in Dollars per share)	$ 1	$ 1.02	$ 1.71	$ 1.79
Diluted earnings per share (in Dollars per share)	1	1.02	1.71	1.79
Cash dividends paid per share	$ 0.18	$ 0.18	$ 0.36	$ 0.36

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 9,728	$ 10,126
Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization expense	462	266
Decrease in interest receivable	318	374
(Decrease) in interest payable	(219)	(491)
(Release) provision for credit losses	(484)	612
Losses on the sale of debt securities, net		307
(Gains) on equity securities, net	(47)	(22)
Gains on sale of mortgages	(948)	(830)
Loans originated for sale	(22,158)	(23,585)
Proceeds from sales of loans	23,656	26,129
Earnings on bank-owned life insurance	(708)	(553)
Depreciation of premises and equipment and amortization of software	1,366	1,045
Deferred income tax	1,444	336
Amortization of deferred fees on subordinated debt	122	80
Stock-based compensation expense	14	33
Other assets and other liabilities, net	(2,484)	(3,455)
Net cash provided by operating activities	10,062	10,372
Securities available for sale:
Proceeds from maturities, calls, and repayments	25,492	36,322
Proceeds from sales	17,843	12,246
Purchases	(4,009)	(19,993)
Equity securities:
Proceeds from sales	201	128
Purchases	(201)	(222)
Purchase of regulatory bank stock	(1,306)	(535)
Redemptions of regulatory bank stock	1,702	354
Proceeds from bank-owned life insurance	1,649
Net (increase) in loans	(8,834)	(36,230)
Purchases of premises and equipment, net	(1,702)	(2,498)
Net cash paid for acquisition	(968)
Purchase of computer software	(77)	(80)
Net cash provided by (used in) investing activities	29,790	(10,508)
Cash flows from financing activities:
Net increase in demand, and savings accounts	30,678	728
Net (decrease) increase in time deposits	(73,576)	5,355
Net proceeds from short-term borrowings	16,000
Repayments of long-term debt	(14,831)	(8,000)
Repayment of subordinated debt	(20,000)
Dividends paid	(2,051)	(2,038)
Proceeds from sale of treasury stock	500	451
Net cash used for financing activities	(63,280)	(3,504)
Decrease in cash and cash equivalents	(23,428)	(3,640)
Cash and cash equivalents at beginning of period	60,573	68,909
Cash and cash equivalents at end of period	37,145	65,269
Supplemental disclosures of cash flow information:
Interest paid	18,054	19,280
Income taxes paid	1,450	2,420
Supplemental disclosure of non-cash investing and financing activities:
Fair value adjustments for securities available for sale	(179)	4,763
Real estate owned acquired in settlement of loans	748
Noncash transactions related to merger:
Assets acquired, excluding cash	181,320
Liabilities assumed	$ 187,064

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025	Jun. 30, 2025
ASSETS
Cash and due from banks	$ 8,867	$ 6,630	$ 10,477
Interest-bearing deposits in other banks	28,278	53,943	54,792
Total cash and cash equivalents	37,145	60,573	65,269
Securities available for sale (at fair value, net of allowance for credit losses of $0)	558,677	579,468	592,093
Equity securities (at fair value)	9,528	9,481	9,827
Loans held for sale	2,038	2,588	2,282
Loans (net of unearned income)	1,671,468	1,515,745	1,463,259
Less: Allowance for credit losses	18,452	16,886	16,543
Net loans	1,653,016	1,498,859	1,446,716
Premises and equipment	34,593	31,987	29,552
Other real estate owned	748		989
Regulatory stock	11,559	10,870	10,970
Goodwill	6,712
Core deposit intangible	2,538
Bank owned life insurance	36,002	37,019	36,495
Other assets	38,485	26,882	31,710
Total assets	2,391,041	2,257,727	2,225,903
Liabilities:
Noninterest-bearing	706,839	649,090	628,757
Interest-bearing	1,310,129	1,224,271	1,267,769
Total deposits	2,016,968	1,873,361	1,896,526
Short-term borrowings	76,000	60,000	60,000
Long-term debt	53,007	67,838	75,822
Subordinated debt	61,535	81,413	39,796
Other liabilities	12,011	14,061	14,277
Total liabilities	2,219,521	2,096,673	2,086,421
Stockholders' equity:
Common stock, par value $0.10 Shares: Authorized 24,000,000 Issued 5,739,114 and Outstanding 5,714,719 as of 6/30/26, 5,692,991 as of 12/31/25, and 5,683,488 as of 6/30/25	574	574	574
Capital surplus	4,096	3,979	3,966
Retained earnings	187,158	179,481	170,094
Accumulated other comprehensive loss, net of tax	(19,862)	(22,137)	(34,217)
Less: Treasury stock cost on 24,395 shares as of 6/30/26, 46,123 shares as of 12/31/25 and 55,626 as of 6/30/25	(446)	(843)	(935)
Total stockholders' equity	171,520	161,054	139,482
Total liabilities and stockholders' equity	$ 2,391,041	$ 2,257,727	$ 2,225,903