Exhibit 99.1
Foundation for the Future
Annual Meeting of Stockholders
May 8, 2008
Safe Harbor Statement
Certain statements contained herein are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as “may,” “will,” “believe,” “expect,” “estimate,” “anticipate,” “continue,” or similar terms or variations on those terms, or the negative of those terms. Forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, those related to the economic environment, particularly in the market areas in which ESSA Bancorp, Inc. (the “Company”) operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset-liability management, the financial and securities markets and the availability of and costs associated with sources of liquidity. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above could affect the Company’s financial performance and could cause the Company’s actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake and specifically declines any obligation to publicly release the result of any revisions which may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated event.
Official listing as a public company on the NASDAQ Global MarketSM April 4, 2007
Ticker symbol: ESSA
NASDAQ Global MarketSM
closing bell
April 11, 2007
Foundation for the Future
Our most historic year ever:
Converted to a NASDAQ-traded company
Conversion provided capital for future expansion, customer growth, and extended product lines
Contributed to commercial loan growth (up 23% in 2007)
Created branch of the future with the opening of Tannersville free standing branch
Improved technology and security
Introduced ACH origination; planning implementation of remote deposit capture
Total Assets ($’s in thousands)
1,000,000 800,000 600,000 400,000 200,000
533,606 592,824 656,066 725,796 910,415 967,810
10 months ended 9/30/03 Year ended 9/30/04 Year ended 9/30/05 Year ended 9/30/06 Year ended 9/30/07 6 months ended 3/31/08
Loans ($’s in thousands)
800,000 600,000 400,000 200,000
438,539 477,956 508,981 556,677 619,845 660,911
10 months ended 9/30/03 Year ended 9/30/04 Year ended 9/30/05 Year ended 9/30/06 Year ended 9/30/07 6 months ended 3/31/08
Deposits ($’s in thousands)
400,000 300,000 200,000 100,000
319,283 333,201 374,759 402,153 384,716 369,408
10 months ended 9/30/03
Year ended 9/30/04
Year ended 9/30/05
Year ended 9/30/06
Year ended 9/30/07
6 months ended 3/31/08
Revenue ($’s in thousands)
50,000 40,000 30,000 20,000 10,000
27,719 33,090 37,200 41,969 51,006 28,567
10 months ended 9/30/03
Year ended 9/30/04
Year ended 9/30/05
Year ended 9/30/06
Year ended 9/30/07
6 months ended 3/31/08
Net Income ($’s in thousands)
5,000 4,000 3,000 2,000 1,000 0 (5,000)
4,156 3,915 4,451 3,954 (5,126) 3,351
10 months ended 9/30/03
Year ended 9/30/04
Year ended 9/30/05
Year ended 9/30/06
Year ended 9/30/07
6 months ended 3/31/08
Non-performing Assets as a Percent of Total Assets
0.20% 0.15% 0.10% 0.05%
0.14% 0.13% 0.10% 0.07% 0.06% 0.09%
10 months ended 9/30/03
Year ended 9/30/04
Year ended 9/30/05
Year ended 9/30/06
Year ended 9/30/07
6 months ended 3/31/08
Asset Quality
Lending activity is conducted within Northeastern Pennsylvania
by experienced lenders who know the market
Credit standards are adjusted as market conditions change
Delinquency levels are remarkably strong
First mortgages – 0.25%(1)
Compared to OTS Northeast Region(2)
Prime loans – 2.83%
No OREO
Consumer Loans – 0.76%(1)
Commercial Loans – 0.02%(1)
Strong Market Share and Market Presence
Serving 22,400 households through 13-branch network
16,320 (73%) in Monroe County
27% of all Monroe County households
Deposit market share
#2 of 17 financial institutions in Monroe County with 19%
Mortgage and home equity loan market share(1)
#1 local mortgage lender in Monroe County
#8 of 475 lenders in loans closed
#11 of 475 lenders in dollars loaned
(1) HMDA 2006
Expanded Delivery Channel Options and Usage
Tannersville Office – March 2007
Prototype for future locations
New job opportunities
Expanded banking convenience
Welcoming environment
Expanded Delivery Channel Options and Usage
iBank@ESSA – Internet Banking
35% increase in online customers to 5,797(1)
14% increase in active customers to 4,163(1)
13% increase in Bill Pay customers to 881(1)
22% of active online customers use Bill Pay
(1) 9/30/2007
Buybacks/Dividends
Having officially been a public company for more than one year, ESSA Bancorp’s board will now be considering buybacks and dividends.
ESSA bank & Trust Foundation
Originally formed in 1998
Celebrating 10 years of giving in 2008
Conversion proceeds provided permanent funding
1,110,900 shares of stock
$1.6 million in cash
Over $700,000 in commitments in FY2007
Almost $5.5 million in commitments in 10 years
ESSA Bank & Trust Foundation
Board of Directors
John E. Burrus, President
Suzie T. Farley, Vice President/Treasurer/Secretary
Gary S. Olson
Elizabeth B. Weekes
Dr. Isaac W. Sanders
Lois Brownsey-Heckman
