ENBF 20241231

 UNITED STATES SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C.
20549

 FORM 10-K

 (Mark One)

 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE
ACT OF 1934

 For the
fiscal year ended December 31, 2024

 OR

 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the
transition period from _______________ to _______________

 Commission
File Number 000-53297

 ENB
Financial Corp

 (Exact
name of registrant as specified in its charter)

 Pennsylvania

 51-0661129

 State or other jurisdiction of incorporation or organization

 (IRS Employer Identification No.)

 31 E. Main St. Ephrata, PA

 17522

 (Address of principal executive offices)

 (Zip Code)

 Registrant's
telephone number, including area code (717) 733-4181

 Securities registered
pursuant to Section 12(b) of the Act:

 Title of each class

 Trading Symbol(s)

 Name of each exchange on which registered

 None

 N/A

 N/A

 Securities registered
pursuant to Section 12(g) of the Act:

 Title of each
class

 Common Stock,
Par Value $0.10 Per Share

 Indicate by check mark if the registrant is a well-known
seasoned issuer, as defined in Rule 405 of the Securities Act.

 Yes No

 Indicate by check mark if the registrant is not
required to file reports pursuant to Section 13 or Section 15(d) of the Act.

 Yes No

 Indicate by check mark whether the registrant
(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements
for the past 90 days. Yes No

 Indicate by check mark whether the registrant has
submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulations S-T (§232.405
of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

 Yes No

 Indicate by check mark whether the registrant is
a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.
See the definitions of "large accelerated filer," "accelerated filer" "smaller reporting company,"
and "emerging growth company" in Rule 12b-2 of the Exchange Act.

 Large Accelerated filer
 Accelerated filer

 Non-accelerated filer
 Smaller reporting company

 Emerging growth company

 If an emerging growth company, indicate
by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 Indicate by check mark whether the registrant
has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial
reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or
issued its audit report.

 If securities are registered pursuant to Section 12(b) of the Act,
indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to
previously issued financial statements.

 Indicate by check mark whether any of those error corrections are
restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers
during the relevant recovery period pursuant to § 240.10D-1(b).

 Indicate by check mark if the registrant is
a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No

 The aggregate market
value of the voting and non-voting common equity held by non-affiliates of the registrant as of June 30, 2024, was approximately $ 45,309,124.

 The number of shares
of the registrant's Common Stock outstanding as of March 11, 2025, was 5,655,270.

 DOCUMENTS INCORPORATED
BY REFERENCE

 The Registrant's
Definitive Proxy Statement for its 2025 Annual Meeting of Shareholders to be held on May 6, 2025, is incorporated into Parts III and
IV hereof.

 ENB FINANCIAL
CORP

 Item 1.

 Business

 Item 1A.

 Risk Factors

 Item 1B.

 Unresolved Staff Comments

 Item 1C.

 Cybersecurity

 Item 2.

 Properties

 Item 3.

 Legal Proceedings

 Item 4.

 Mine Safety Disclosures

 Item 5.

 Market for Registrant's Common Equity, Related Shareholder Matters, and Issuer Purchases of Equity Securities

 Item 6.

 [Reserved]

 Item 7.

 Management's Discussion and Analysis of Financial Condition and Results of Operations

 Item 7A.

 Quantitative and Qualitative Disclosures about Market Risk

 Item 8.

 Financial Statements and Supplementary Data

 Item 9.

 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

 Item 9A.

 Controls and Procedures

 Item 9B.

 Other Information

 Item 9C.

 Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

 Item 10.

 Directors, Executive Officers, and Corporate Governance

 Item 11.

 Executive Compensation

 Item 12.

 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

 Item 13.

 Certain Relationships and Related Transactions, and Director Independence

 Item 14.

 Principal Accountant Fees and Services

 Item 15.

 Exhibits and Financial Statement Schedules

 Item 16.

 Form 10-K Summary

 Signatures

 Forward-Looking Statements

 The U.S. Private Securities Litigation Reform Act of 1995 provides safe
harbor in regard to the inclusion of forward-looking statements in this document and documents incorporated by reference. Forward-looking
statements pertain to possible or assumed future results that are made using current information. These forward-looking statements are
generally identified when terms such as "believe," "estimate," "anticipate," "expect,"
"project," "forecast," and other similar wordings are used. The readers of this report should take into consideration
that these forward-looking statements represent management's expectations as to future forecasts of financial performance, or the
likelihood that certain events will or will not occur. Due to the very nature of estimates or predictions, these forward-looking statements
should not be construed to be indicative of actual future results. Additionally, management may change estimates of future performance,
or the likelihood of future events, as additional information is obtained. This document may also address targets, guidelines, or strategic
goals that management is striving to reach but may not be indicative of actual results.

 Readers should note that many factors affect this forward-looking information,
some of which are discussed elsewhere in this document and in the documents that are incorporated by reference into this document. These
factors include, but are not limited to, the following:

 Economic conditions

 Monetary and interest rate policies of the Federal Reserve Board

 Inflation and monetary fluctuations and volatility

 Changes in deposit flows, loan demand, or real estate and investment securities values

 Effects of weak market conditions, specifically the effect on loan customers to repay loans

 Possible impacts of the capital and liquidity requirements of Basel III standards and other regulatory pronouncements

 Effects of short- and long-term federal budget and tax negotiations and their effects on economic and business conditions

 Effects of the failure of the Federal government to reach agreement to raise the debt ceiling and the negative effects on economic
or business conditions as a result

 Political changes and their impact on new laws and regulations

 Effects of war, acts of terrorism, and international and domestic instabilities

 Competitive forces

 Changes in accounting principles, policies, or guidelines as may be adopted by the regulatory agencies, as well as the Public Company
Accounting Oversight Board, the Financial Accounting Standards Board, and other accounting standards setters

 Ineffective business strategy due to current or future market and competitive conditions

 Management's ability to manage credit risk, liquidity risk, interest rate risk, and fair value risk

 Operation, legal, and reputation risk

 The risk that our analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could
be unsuccessful

 The impact of new laws and regulations concerning taxes, banking, securities and insurance and their application with which the Corporation
and its subsidiaries must comply

 Potential impacts from continually evolving cybersecurity and other technological risks and attacks, including additional costs, reputational
damage, regulatory penalties, and financial losses

 Effects of economic conditions particularly with regard to the effects of any pandemic, epidemic, or health-related crisis and government
and business responses thereto, specifically the effect on loan customers to repay loans

 Readers should be aware if any of the above factors change significantly,
the statements regarding future performance could also change materially. The safe harbor provision provides that ENB Financial Corp is
not required to publicly update or revise forward-looking statements to reflect events or circumstances that arise after the date of this
report. Readers should review any changes in risk factors in documents filed by ENB Financial Corp periodically with the Securities and
Exchange Commission, including Item 1A. of this Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form
8-K.

 Item 1. Business

 General

 ENB Financial Corp ("the Corporation") is a bank holding company
that was formed on July 1, 2008. The Corporation's wholly owned subsidiary, Ephrata National Bank ("the Bank"), also
referred to as ENB, is a full service commercial bank organized under the laws of the United States. Presently, no other subsidiaries
exist under the bank holding company. The Bank has one subsidiary, ENB Insurance, which is a full-service insurance agency that offers
a broad range of insurance products to commercial and personal clients. The Corporation and the Bank are both headquartered in Ephrata,
Lancaster County, Pennsylvania. The Bank was incorporated on April 11, 1881, pursuant to The National Bank Act under a charter granted
by the Office of the Comptroller of the Currency (OCC). The Federal Deposit Insurance Corporation (FDIC) insures deposit accounts up to
the maximum extent provided by law. The Corporation's retail, operational, and administrative offices are predominantly located
in Lancaster County, southeastern Lebanon County, and southwestern Berks County, Pennsylvania, the "Market Area". Eleven full
service community banking offices are located in Lancaster County with one full service community banking office in Lebanon County and
one full service community banking office in Berks County, Pennsylvania.

 The basic business of the Corporation is to provide a broad range of financial
services to individuals and small-to-medium-sized businesses in the Market Area. The Corporation utilizes funds gathered through deposits
from the general public to originate loans. The Corporation offers a range of demand accounts, in addition to savings and time deposits.
The Corporation also offers secured and unsecured commercial, real estate, and consumer loans. Ancillary services that provide added convenience
to customers include direct deposit and direct payments of funds through Electronic Funds Transfer, ATMs linked to the NYCE network,
telephone banking, MasterCard debit cards, Visa or MasterCard credit cards, and safe deposit box facilities. In addition, the
Corporation offers internet banking including bill pay and wire transfer capabilities, remote deposit capture, and an ENB Bank on the
Go! app for iPhones or Android phones. The Corporation also offers a full complement of trust and investment advisory services through
ENB's Wealth Solutions.

 As of December 31, 2024, the Corporation employed 306 persons, consisting
of 294 full-time, 9 part-time, and 3 seasonal employees. Since the prior year, the number of full-time employees increased by 13
employees, and the number of part-time employees decreased by 3 employees, while we retained 3 seasonal roles to provide support during
time periods of higher volume throughout the year. The increase in the number of full-time employees is a result of filling
open established positions. The Corporation expects to modestly add additional personnel to support strategic initiatives in 2025.
A collective bargaining agent does not represent the employees and management believes it maintains good relationships with its employees.

 Operating Segments

 The Corporation's business is providing
financial products and services. These products and services are provided through the Corporation's wholly owned subsidiary, the
Bank. The Bank is presently the only subsidiary of the Corporation, and the Bank only has one reportable operating segment, community
banking, as described in Note A of the Notes to the Consolidated Financial Statements included in this Report. The segment reporting information
in Note A is incorporated by reference into this Part I, Item 1. Operating segments are aggregated into one segment, as operating results
for all segments are similar. Accordingly, all the financial service operations are considered by management to be aggregated in one reportable
operating segment, Community Banking.

 Business Operations

 Products and Services with Reputation Risk

 The Corporation offers a diverse range of financial and banking products
and services. In the event one or more customers and/or governmental agencies becomes dissatisfied with or objects to any product or service
offered by the Corporation, negative publicity with respect to any such product or service, whether legally justified or not, could have
a negative impact on the Corporation's reputation. The discontinuance of any product or service, whether or not any customer or
governmental agency has challenged any such product or service, could have a negative impact on the Corporation's reputation.

 Market Area and Competition

 The Corporation's primary market
area is Lancaster County, Pennsylvania, where eleven full service offices are located and areas of contiguous Lebanon and Berks Counties.
The Corporation has one full service office in southeastern Lebanon County (Myerstown) and a full service office in southwestern Berks
County (Morgantown). The Corporation's greater service area is considered to be Lancaster, Lebanon, and southern and western Berks
Counties of Pennsylvania. The area served by the Corporation is a mix of rural communities and small to mid-sized towns.

 The Corporation's headquarters
and main campus are located in downtown Ephrata, Pennsylvania. The Corporation's main office and drive-up are located in downtown
Ephrata, while the Cloister office is also located within Ephrata Borough. The Corporation ranks a commanding first in deposit market
share in the Ephrata area with 45.0% of deposits as of June 30, 2024, based on data compiled annually by the FDIC. The Corporation's
deposit market share in the Ephrata area was 45.9% as of June 30, 2023. The Corporation's very high market share in the Ephrata
area has led to the expansion of the Corporation's branch network outside of the Ephrata area but within the Corporation's
Market Area.

 In the course of attracting and retaining
deposits and originating loans, the Corporation faces considerable competition. The Corporation competes with other commercial banks,
savings and loan institutions, and credit unions for traditional banking products, such as deposits and loans. The Corporation competes
with consumer finance companies for loans, mutual funds, and other investment alternatives for deposits. The Corporation competes for
deposits based on the ability to provide a range of products, low fees, quality service, competitive rates, and convenient locations and
hours. The competition for loan origination generally relates to interest rates offered, products available, quality of service, and loan
origination fees charged. Several competitors within the Corporation's primary market have substantially higher legal lending limits
that enable them to service larger loans and larger commercial customers.

 The Corporation continues to assess the competition and market area to
determine the best way to meet the financial needs of the communities it serves. Management also continues to pursue new market opportunities
based on the strategic plan to efficiently grow the Corporation, improve earnings performance, and bring the Corporation's products
and services to customers currently not being reached. Management strategically addresses growth opportunities versus competitive issues
by determining the new products and services to be offered, expansion of existing footprint with new locations, as well as investing in
the expertise of staffing for expansion of these services.

 Concentrations and Seasonality

 The Corporation does not have any portion of its businesses dependent on
a single or limited number of customers, the loss of which would have a material adverse effect on its businesses' financial condition
and results of operations. No substantial portion of loans or investments is concentrated within a single industry or group of related
industries, although a significant amount of loans are secured by real estate located in northern Lancaster County, Pennsylvania. The
business activities of the Corporation are generally not seasonal in nature. However, the sizable agricultural portfolio has certain specific,
limited elements that are predominately seasonal in nature due to typical farming operations. Financial instruments with concentrations
of credit risk are described in Note P of the Notes to Consolidated Financial Statements included in this Report. The concentration of
credit risk information in Note P is incorporated by reference into this Part I, Item 1.

 Supervision and Regulation

 Bank holding companies operate in a highly regulated environment and are
routinely examined by federal and state regulatory authorities. The following discussion concerns various federal and state laws and regulations
and the potential impact of such laws and regulations on the Corporation and the Bank.

 To the extent that the following information describes statutory or regulatory
provisions, it is qualified in its entirety by reference to the particular statutory or regulatory provisions themselves. Proposals to
change laws and regulations are frequently introduced in Congress, the state legislatures, and before the various bank regulatory agencies.
The Corporation cannot determine the likelihood or timing of any such proposals or legislation, or the impact they may have on the Corporation
and the Bank. A change in law, regulations, or regulatory policy may have a material effect on the Corporation and the Bank's business.

 The operations of the Bank are subject to federal and state statutes applicable
to banks chartered under the banking laws of the United States, to members of the Federal Reserve System, and to banks whose deposits
are insured by the FDIC. Bank operations are subject to regulations of the OCC, the Consumer Financial Protection Bureau (CFPB), the Board
of Governors of the Federal Reserve System, and the FDIC.

 Bank Holding Company Supervision and Regulation

 The Bank Holding Company Act of 1956

 The Corporation is subject to the provisions of the Bank Holding Company
Act of 1956, as amended, and to supervision by the Federal Reserve Board. The following restrictions apply:

 General Supervision by the Federal Reserve Board

 As a bank holding company, the Corporation's activities are limited
to the business of banking and activities closely related or incidental to banking. Bank holding companies are required to file periodic
reports with and are subject to examination by the Federal Reserve Board. The Federal Reserve Board has adopted a risk-focused supervision
program for small shell bank holding companies that is tied to the examination results of the subsidiary bank. The Federal Reserve Board
has issued regulations under the Bank Holding Company Act that require a bank holding company to serve as a source of financial and managerial
strength to its subsidiary banks. As a result, the Federal Reserve Board may require that the Corporation stand ready to provide adequate
capital funds to the Bank during periods of financial stress or adversity.

 Restrictions on Acquiring Control of Other Banks and Companies

 A bank holding company may not:

 acquire direct or indirect control of more than 5% of the outstanding shares of any class of voting stock, or substantially all of
the assets of any bank, or

 merge or consolidate with another bank holding company, without prior approval of the Federal Reserve Board.

 In addition, a bank holding company may not:

 engage in a non-banking business, or

 acquire ownership or control of more than 5% of the outstanding shares of any class of voting stock of any company engaged in a non-banking
business,

 unless the Federal Reserve Board determines the business to be so closely
related to banking as to be a proper incident to banking. In making this determination, the Federal Reserve Board considers whether these
activities offer benefits to the public that outweigh any possible adverse effects.

 Anti-Tie-In Provisions

 A bank holding company and its subsidiaries may not engage in tie-in arrangements
in connection with any extension of credit or provision of any property or services. These anti-tie-in provisions state generally that
a bank may not:

 extend credit,

 lease or sell property, or

 furnish any service to a customer,

 on the condition that the customer provides additional credit or service
to a bank or its affiliates, or on the condition that the customer not obtain other credit or service from a competitor of the bank.

 Restrictions on Extensions of Credit by Banks to their Holding Companies

 Subsidiary banks of a holding company are also subject to restrictions
imposed by the Federal Reserve Act on:

 any extensions of credit to the bank holding company or any of its subsidiaries,

 investments in the stock or other securities of the Corporation, and

 taking these stock or securities as collateral for loans to any borrower.

 Risk-Based Capital Guidelines

 Bank holding companies must comply with the Federal Reserve Board's
current risk-based capital guidelines, which are amended provisions of the Bank Holding Company Act of 1956. The required minimum ratio
of total capital to risk-weighted assets, including some off-balance sheet activities, such as standby letters of credit, is 8%. At least
half of the total capital is required to be Tier I Capital, consisting principally of common shareholders' equity, less certain
intangible assets. The remainder, Tier II Capital, may consist of:

 some types of preferred stock,

 a limited amount of subordinated debt,

 some hybrid capital instruments,

 other debt securities, and

 a limited amount of the general credit loss allowance.

 The risk-based capital guidelines are required to take adequate account
of interest rate risk, concentrations of credit risk, and risks of nontraditional activities.

 Capital Leverage Ratio Requirements

 The Federal Reserve Board requires a bank holding company to maintain a
leverage ratio of a minimum level of Tier I capital, as determined under the risk-based capital guidelines, equal to 3% of average total
consolidated assets for those bank holding companies that have the highest regulatory examination rating and are not contemplating or
experiencing significant growth or expansion. All other bank holding companies are required to maintain a ratio of at least 1% to 2% above
the stated minimum. The Bank is subject to similar capital requirements pursuant to the Federal Deposit Insurance Act.

 Restrictions on Control Changes

 The Change in Bank Control Act of 1978 requires persons seeking control
of a bank or bank holding company to obtain approval from the appropriate federal banking agency before completing the transaction. The
law contains a presumption that the power to vote 10% or more of voting stock confers control of a bank or bank holding company. The Federal
Reserve Board is responsible for reviewing changes in control of bank holding companies. In doing so, the Federal Reserve Board reviews
the financial position, experience and integrity of the acquiring person, and the effect the change of control will have on the financial
condition of the Corporation, relevant markets, and federal deposit insurance funds.

 Sarbanes-Oxley Act of 2002

 The Sarbanes-Oxley Act (SOX), also known as the "Public Company Accounting
Reform and Investor Protection Act," was established in 2002 and introduced major changes to the regulation of financial practice.
SOX was established as a reaction to the outbreak of corporate and accounting scandals, including Enron and WorldCom. SOX represents a
comprehensive revision of laws affecting corporate governance, accounting obligations, and corporate reporting. SOX is applicable to all
companies with equity or debt securities that are either registered, or file reports under the Securities Exchange Act of 1934 such as
the Corporation. SOX includes significant additional disclosure requirements and expanded corporate governance rules and the SEC has adopted
extensive additional disclosures, corporate governance provisions, and other related rules pursuant to it. The Corporation has expended
and will continue to expend, considerable time and money in complying with SOX.

 Bank Supervision and Regulation

 Safety and Soundness

 The primary regulator for the Bank is the OCC. The OCC has the authority
under the Financial Institutions Supervisory Act and the Federal Deposit Insurance Act to prevent a national bank from engaging in any
unsafe or unsound practice in conducting business or from otherwise conducting activities in violation of the law.

 Federal and state banking laws and regulations govern, but are not limited
to, the following:

 Scope of a bank's business

 Investments a bank may make

 Reserves that must be maintained against certain deposits

 Loans a bank makes and collateral it takes

 Merger and consolidation activities

 Establishment of branches

 The Corporation is a member of the Federal Reserve System. Therefore, the
policies and regulations of the Federal Reserve Board have a significant impact on many elements of the Corporation's operations,
including:

 Loan and deposit growth

 Rate of interest earned and paid

 Types of securities

 Breadth of financial services provided

 Levels of liquidity

 Levels of required capital

 Management cannot predict the effect of changes to such policies and regulations
upon the Corporation's business model and the corresponding impact they may have on future earnings.

 FDIC Insurance Assessments

 The FDIC imposes a risk-related premium schedule for all insured depository
institutions that results in the assessment of premiums based on the Bank's capital and supervisory measures. Under the risk-related
premium schedule, the FDIC assigns, on a semi-annual basis, each depository institution to one of three capital groups, the best of these
being "Well Capitalized." For purposes of calculating the insurance assessment, the Bank was considered "Well Capitalized"
as of December 31, 2024, and December 31, 2023. This designation has benefited the Bank in the past and continues to benefit it in terms
of a lower quarterly FDIC rate. The FDIC adjusts the insurance rates when necessary. The total FDIC assessments paid by the Bank in 2024
were $930,000, compared to $892,000 in 2023.

 Community Reinvestment Act

 Under the Community Reinvestment Act (CRA), as amended, the OCC is required
to assess all financial institutions that it regulates to determine whether these institutions are meeting the credit needs of the community
that they serve. The Act focuses specifically on low and moderate income neighborhoods. The OCC takes an institution's CRA record
into account in its evaluation of any application made by any of such institutions for, among other things:

 Approval of a new branch or other deposit facility

 Closing of a branch or other deposit facility

 An office relocation or a merger

 Any acquisition of bank shares

 The CRA, as amended, also requires that the OCC make publicly available
the evaluation of a bank's record of meeting the credit needs of its entire community, including low and moderate income neighborhoods.
This evaluation includes a descriptive rating of either outstanding, satisfactory, needs to improve, or substantial noncompliance, along
with a statement describing the basis for the rating. These ratings are publicly disclosed. The Bank received a satisfactory rating on
the most recent CRA Performance Evaluation completed on September 30, 2024.

 The Federal Deposit Insurance Corporation Improvement Act of 1991

 Capital Adequacy

 Under the Federal Deposit Insurance Corporation Improvement Act of 1991
(FDICIA), institutions are classified in one of five defined categories as illustrated below:

 Tier I Capital

 Common Equity Tier I

 Capital Category

 Total Capital Ratio

 Ratio

 Capital Ratio

 Leverage Ratio

 Well Capitalized

 > 10.0

 > 8.0

 > 6.5

 > 5.0

 Adequately Capitalized

 > 8.0

 > 6.0

 > 4.5

 > 4.0*

 Undercapitalized

 < 8.0

 < 6.0

 < 4.5

 < 4.0*

 Significantly Undercapitalized

 < 6.0

 < 4.0

 < 3.5

 < 3.0

 Critically Undercapitalized

 < 2.0

 *3.0 for those banks having the highest available regulatory rating.

 The Bank's and Corporation's capital ratios exceed the regulatory
requirements to be considered well capitalized for Total Risk-Based Capital, Tier I Risk-Based Capital, Common Equity Tier I Capital,
and Tier I Leverage Capital. The capital ratio table and Consolidated Financial Statement Note M – Regulatory Matters and Restrictions,
are incorporated by reference herein, from Item 8, and made a part hereof. Note M discloses capital ratios for both the Bank and the Corporation,
shown as Consolidated.

 Regulatory Capital Changes

 In July 2013, the federal banking agencies issued final rules to implement
the Basel III regulatory capital reforms and changes required by the Dodd-Frank Act. The final rules call for the following capital requirements:

 A minimum ratio of common equity tier I capital to risk-weighted assets of 4.5%

 A minimum ratio of tier I capital to risk-weighted assets of 6%

 A minimum ratio of total capital to risk-weighted assets of 8%

 A minimum leverage ratio of 4%

 In addition, the final rules established a common equity tier I capital
conservation buffer of 2.5% of risk-weighted assets applicable to all banking organizations. If a banking organization fails to hold capital
above the minimum capital ratios and the capital conservation buffer, it will be subject to certain restrictions on capital distributions
and discretionary bonus payments.

 Consistent with the Dodd-Frank Act, the rules replace the ratings-based
approach to securitization exposures, which is based on external credit ratings, with the simplified supervisory formula approach in order
to determine the appropriate risk weights for these exposures. Alternatively, banking organizations may use the existing gross-up approach
to assign securitization exposures to a risk weight category or choose to assign such exposures a 1,250 percent risk weight. The Corporation
does not securitize assets and has no plans to do so.

 Under the rules, mortgage servicing assets (MSAs) and certain deferred
tax assets (DTAs) are subject to stricter limitations than those applicable under the current general risk-based capital rule. The rules
also increase the risk weights for past-due loans, certain commercial real estate loans, and some equity exposures, and makes selected
other changes in risk weights and credit conversion factors.

 Management has evaluated the impact of the above rules on levels of the
Corporation's capital. The final rulings were highly favorable in terms of the items that would have a more significant impact to
the Corporation and community banks in general. Specifically, the AOCI final ruling, which would have had the greatest impact, now provides
the Corporation with an opt-out provision. The final ruling on the risk weightings of mortgages was favorable and did not have a material
negative impact. The rulings as to trust preferred securities, preferred stock, and securitization of assets are not applicable to the
Corporation, and presently the revised treatment of MSAs is not material to capital. The remaining changes to risk weightings on several
items mentioned above such as past-due loans and certain commercial real estate loans do not have a material impact to capital presently,
but could change as these levels change.

 Real Estate Lending Standards

 Pursuant to the FDICIA, federal banking agencies adopted real estate lending
guidelines which would set loan-to-value ("LTV") ratios for different types of real estate loans. The LTV ratio is generally
defined as the total loan amount divided by the appraised value of the property at the time the loan is originated. If the institution
does not hold a first lien position, the total loan amount would be combined with the amount of all junior liens when calculating the
ratio. In addition to establishing the LTV ratios, the guidelines require all real estate loans to be based upon proper loan documentation
and a recent appraisal or certificate of inspection of the property.

 Prompt Corrective Action

 In the event that an institution's capital deteriorates to the Undercapitalized
category or below, FDICIA prescribes an increasing amount of regulatory intervention, including:

 Implementation of a capital restoration plan and a guarantee of the plan by a parent institution

 Placement of a hold on increases in assets, number of branches, or lines of business

 If capital reaches the significantly or critically undercapitalized level,
further material restrictions can be imposed, including restrictions on interest payable on accounts, dismissal of management, and (in
critically undercapitalized situations) appointment of a receiver. For well-capitalized institutions, FDICIA provides authority for regulatory
intervention where they deem the institution to be engaging in unsafe or unsound practices, or if the institution receives a less than
satisfactory examination report rating for asset quality, management, earnings, liquidity, or sensitivity to market risk.

 Other FDICIA Provisions

 Each depository institution must submit audited financial statements to
its primary regulator and the FDIC, whose reports are made publicly available. In addition, the audit committee of each depository institution
must consist of outside directors and the audit committee at "large institutions" (as defined by FDIC regulation) must include
members with banking or financial management expertise. The audit committee at "large institutions" must also have access
to independent outside counsel. In addition, an institution must notify the FDIC and the institution's primary regulator of any
change in the institution's independent auditor, and annual management letters must be provided to the FDIC and the depository institution's
primary regulator. The regulations define a "large institution" as one with over $500 million in assets, which does include
the Bank. Also, under the rule, an institution's independent public accountant must examine the institution's internal controls over financial
reporting and perform agreed-upon procedures to test compliance with laws and regulations concerning safety and soundness.

 Under the FDICIA, each federal banking agency must prescribe certain safety
and soundness standards for depository institutions and their holding companies. Three types of standards must be prescribed:

 asset quality and earnings

 operational and managerial, and

 compensation

 Such standards would include a ratio of classified assets to capital, minimum
earnings, and, to the extent feasible, a minimum ratio of market value to book value for publicly traded securities of such institutions
and holding companies. Operational and managerial standards must relate to:

 internal controls, information systems and internal audit systems

 loan documentation

 credit underwriting

 interest rate exposure

 asset growth, and

 compensation, fees and benefits

 The FDICIA also sets forth Truth in Savings disclosure and advertising
requirements applicable to all depository institutions.

 USA PATRIOT Act of 2001/Bank Secrecy Act

 In October 2001, the USA Patriot Act of 2001 (Patriot Act) was enacted
in response to the terrorist attacks in New York, Pennsylvania and Washington, D.C., which occurred on September 11, 2001. The Patriot
Act is intended to strengthen U.S. law enforcement's and the intelligence communities' abilities to work cohesively to combat
terrorism on a variety of fronts. The impact of the Patriot Act on financial institutions of all kinds is significant and wide ranging.
The Patriot Act contains sweeping anti-money laundering and financial transparency laws and imposes various regulations, including standards
for verifying client identification at account opening, and rules to promote cooperation among financial institutions, regulators and
law enforcement entities in identifying parties that may be involved in terrorism or money laundering.

 Under the Bank Secrecy Act (BSA), banks and other financial institutions
are required to report to the Internal Revenue Service currency transactions of more than $10,000 or multiple transactions of which a
bank is aware in any one day that aggregate in excess of $10,000 and to report suspicious transactions under specified criteria. Civil
and criminal penalties are provided under the BSA for failure to file a required report, for failure to supply information required by
the BSA, or for filing a false or fraudulent report.

 Loans to Insiders/Regulation O

 Regulation O, also known as Loans to Insiders, governs the permissible
lending relationships between a bank and its executive officers, directors, and principal shareholders and their related interests. The
primary restriction of Regulation O is that loan terms and conditions, including interest rates and collateral coverage, can be no more
favorable to the insider than loans made in comparable transactions to non-covered parties. Additionally, the loan may not involve more
than normal risk. The regulation requires quarterly reporting to regulators of the total amount of credit extended to insiders.

 Under Regulation O, a bank is not required to obtain approval from the
bank's Board of Directors prior to making a loan to an executive officer or Board of Director member as long as a first lien on
the executive officer's residence secures the loan. The Corporation's policy requires prior Board of Director approval of
any Executive Officer or Director loan that when aggregated with other outstanding extensions of credit to the Insider and their related
interests exceeds $500,000. Loans to any Executive Officer or Director with aggregate exposure of under $500,000 must be reported at the
next scheduled Board of Director meeting. Further amendments allow bank insiders to take advantage of preferential loan terms that are
available to substantially all employees. Regulation O does permit an insider to participate in a plan that provides more favorable credit
terms than the bank provides to non-employee customers provided that the plan:

 Is widely available to employees

 Does not give preference to any insider over other employees

 The Bank has a policy in place that offers general employees more favorable
loan terms than those offered to non-employee customers. The Bank's policy on loans to insiders allows insiders to participate in
the same favorable rate and terms offered to all other employees; however, any loan to an insider that does not fall within permissible
regulatory exceptions must receive the prior approval of the Bank's Board of Directors.

 Dodd-Frank Wall Street Reform and Consumer Protection Act

 Dodd-Frank Act, was enacted in response to the financial crisis of 2007
- 2008. The act reshaped Wall Street and the American banking industry by bringing the most significant changes to financial regulation
in the United States since the regulatory reform that followed the Great Depression. The Act's numerous provisions were to be implemented
over a period of several years and were intended to decrease various risks in the U.S. financial system. Dodd-Frank created a new Financial
Stability Oversight Council to identify systemic risks in the financial system and gave federal regulators new authority to take control
of and liquidate financial firms. Dodd-Frank was expected to and did have an impact on the Corporation's business operations as
its provisions began to take effect. To date the provisions that did go into effect, or began to phase in, did at a minimum increase the
Corporation's operating and compliance costs.

 Holding Company Capital Requirements

 Dodd-Frank requires the Federal Reserve to apply consolidated capital requirements
to bank holding companies that are no less stringent than those currently applied to depository institutions. Under these standards, trust
preferred securities will be excluded from Tier I capital unless such securities were issued prior to May 19, 2010, by a bank holding
company with less than $15 billion in assets. Dodd-Frank additionally requires that bank regulators issue countercyclical capital
requirements so that the required amount of capital increases in times of economic expansion and decreases in times of economic contraction,
are consistent with safety and soundness.

 Corporate Governance

 Dodd-Frank requires publicly traded companies to give stockholders a non-binding
vote on executive compensation at least every three years, a non-binding vote regarding the frequency of the vote on executive compensation
at least every six years, and a non-binding vote on "golden parachute" payments in connection with approvals of mergers and
acquisitions unless previously voted on by shareholders. Additionally, Dodd-Frank directs the federal banking regulators to promulgate
rules prohibiting excessive compensation paid to executives of depository institutions and their holding companies with assets in excess
of $1 billion, regardless of whether the company is publicly traded. Dodd-Frank also gives the SEC authority to prohibit broker discretionary
voting on elections of directors and executive compensation matters.

 Consumer Financial Protection Bureau (CFPB)

 Dodd-Frank created a new, independent federal agency called the Consumer
Financial Protection Bureau (CFPB), which is granted broad rulemaking, supervisory and enforcement powers under various federal consumer
financial protection laws, including the Equal Credit Opportunity Act, Truth in Lending Act, Real Estate Settlement Procedures Act, Fair
Credit Reporting Act, Fair Debt Collection Act, the Consumer Financial Privacy Provisions of the Gramm-Leach-Bliley Act, and certain other
statutes. The CFPB has examination and primary enforcement authority with respect to depository institutions with $10 billion or more
in assets. Smaller institutions are subject to rules promulgated by the CFPB but continue to be examined and supervised by federal banking
regulators for consumer compliance purposes. The CFPB has authority to prevent unfair, deceptive, or abusive practices in connection with
the offering of consumer financial products. Dodd-Frank authorized the CFPB to establish certain minimum standards for the origination
of residential mortgages including a determination of the borrower's ability to repay. In addition, Dodd-Frank allows borrowers
to raise certain defenses to foreclosure if they receive any loan other than a "qualified mortgage" as defined by the CFPB.
Dodd-Frank permits states to adopt consumer protection laws and standards that are more stringent than those adopted at the federal level
and, in certain circumstances, permits state attorneys general to enforce compliance with both the state and federal laws and regulations.

 Ability-to-Repay and Qualified Mortgage Rule

 Pursuant to the Dodd-Frank Act, the CFPB amended Regulation Z as implemented
by the Truth in Lending Act, requiring mortgage lenders to make a reasonable and good faith determination based on verified and documented
information that a consumer applying for a mortgage loan has a reasonable ability to repay the loan according to its terms. Mortgage
lenders are required to determine consumers' ability to repay in one of two ways. The first alternative requires the mortgage lender
to consider the following eight underwriting factors when making the credit decision: (1) current or reasonably expected income
or assets; (2) current employment status; (3) the monthly payment on the covered transaction; (4) the monthly payment
on any simultaneous loan; (5) the monthly payment for mortgage-related obligations; (6) current debt obligations, alimony,
and child support; (7) the monthly debt-to-income ratio or residual income; and (8) credit history. Alternatively, the mortgage
lender can originate "qualified mortgages," which are entitled to a presumption that the creditor making the loan satisfied
the ability-to-repay requirements. In general, a "qualified mortgage" is a mortgage loan without negative amortization, interest-only
payments, balloon payments, or terms exceeding 30 years. In addition, to be a qualified mortgage the points and fees paid by a consumer
cannot exceed 3% of the total loan amount. Loans which meet these criteria will be considered qualified mortgages, and as a result generally
protect lenders from fines or litigation in the event of foreclosure. Qualified mortgages that are "higher-priced" (e.g.
subprime loans) garner a rebuttable presumption of compliance with the ability-to-repay rules, while qualified mortgages that are not
"higher-priced" (e.g. Prime loans) are given a safe harbor of compliance. The final rule, as issued, is not expected to have
a material impact on the Corporation's lending activities and on the Corporation's Consolidated Financial Statements.

 Interchange Fees

 Under the Durbin Amendment to the Dodd-Frank Act, the Federal Reserve adopted
rules establishing standards for assessing whether the interchange fees that may be charged with respect to certain electronic debit transactions
are "reasonable and proportional" to the costs incurred by issuers for processing such transactions.

 Interchange fees or "swipe" fees, are charges that merchants
pay to the Corporation and other card-issuing banks for processing electronic payment transactions. The Federal Reserve Board has ruled
that for financial institutions with assets of $10 billion or more the maximum permissible interchange fee for an electronic debit transaction
is the sum of 21 cents per transaction and 5 basis points multiplied by the value of the transaction. The Federal Reserve Board also has
rules governing routing and exclusivity that require issuers to offer two unaffiliated networks for routing transactions on each debit
or prepaid product. While the Corporation's asset size is presently under $10 billion, there is concern that these requirements
impacting financial institutions over $10 billion in assets will eventually be pushed down to either financial institutions over $1 billion
or to all financial institutions. This would negatively impact the Corporation's non-interest income.

 TILA/RESPA Integrated Disclosure (TRID) Rules

 The TRID rules were mandated by Dodd-Frank to address the problem of the
sometimes duplicative and overlapping disclosures required by the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act
(RESPA) involving consumer purpose, closed end loans secured by real property. The CFPB was tasked with developing the new disclosures,
defining the regulatory compliance parameters, and implementation. The timing elements built around these new disclosures were established
to provide the consumer with ample time to consider the credit transaction and its associated costs. The final rules were implemented
by amending the Truth in Lending Act; however implementation proved to be difficult as this marked the first time in thirty years that
these standard disclosures were changed. Much reliance was placed on third party providers to the financial institutions to make all the
necessary changes to the disclosures. After one delay, the rules became effective October 3, 2015. The Corporation partnered with its
loan document software providers to ensure timely, compliant implementation.

 Department of Defense Military Lending Rule

 In 2015, the U.S. Department of Defense issued a final rule which restricts
pricing and terms of certain credit extended to active duty military personnel and their families. This rule, which was implemented
effective October 3, 2016, caps the interest rate on certain credit extensions to an annual percentage rate of 36% and restricts other
fees. The rule requires financial institutions to verify whether customers are military personnel subject to the rule. The
impact of this final rule, and any subsequent amendments thereto, on the Corporation's lending activities and the Corporation's
statements of income or condition has had little or no impact; however, management will continue to monitor the implementation of the
rule for any potential side effects on the Corporation's business.

 Cybersecurity

 In March 2015, federal regulators issued two related statements regarding
cybersecurity. One statement instructed financial institutions to design multiple layers of security controls to establish lines of defense
and to ensure that their risk management practices cover the risk of compromised customer credentials, including security measures to
reliably authenticate customers accessing internet-based services of the financial institution. The other statement indicates that a financial
institution's management is expected to maintain sufficient business continuity planning processes to ensure the rapid recovery,
resumption and maintenance of the institution's operations after a cyber-attack involving malware. Financial institutions are expected
to develop appropriate processes to enable recovery of data and business operations and address the rebuilding of network capabilities
and restoring data if the institution or its critical service providers are victim to a cyber-attack. The Corporation could be subject
to fines or penalties if it fails to observe this regulatory guidance. See Item 1A. Risk Factors for further discussion of risks related
to cybersecurity.

 Ongoing Legislation

 As a consequence of the extensive regulation of the financial services
industry and specifically commercial banking activities in the United States, the Corporation's business is particularly susceptible
to changes in federal and state legislation and regulations. Over the course of time, various federal and state proposals for legislation
could result in additional regulatory and legal requirements for the Corporation. Management cannot predict if any such legislation will
be adopted, or if adopted, how it would affect the business of the Corporation. Past history has demonstrated that new legislation or
changes to existing legislation usually results in a heavier compliance burden and generally increases the cost of doing business.

 It is possible that there will be regulatory proposals which, if implemented,
could have a material effect upon our liquidity, capital resources and results of operations. In addition, the general cost of compliance
with numerous federal and state laws does have, and in the future may have, a negative impact on our results of operations. As with other
banks, the status of the financial services industry can affect the Bank. Consolidations of institutions are expected to continue as the
financial services industry seeks greater efficiencies and market share. Bank management believes that such consolidations may enhance
the Bank's competitive position as a community bank. See Item 1A. Risk Factors for more information.

 Statistical Data

 The statistical disclosures required by this item are incorporated by reference
herein from the Consolidated Statements of Income on page 55 as found in this Form 10-K filing.

 Available Information

 The Corporation maintains a website on the Internet at www.enbfc.com.
The Corporation makes available free of charge, on or through its website, its proxy statements, annual reports on From 10-K, quarterly
reports on From 10-Q, current reports on Form 8-K, and any amendments to those reports as soon as reasonably practicable after such material
is electronically filed with the Securities and Exchange Commission (SEC). This reference to the Corporation's Internet address
shall not, under any circumstances, be deemed to incorporate the information available at such Internet address into this Form 10-K or
other SEC filings. The information available at the Corporation's Internet address is not part of this Form 10-K or any other report
filed by the Corporation with the SEC. The Corporation's SEC filings can also be obtained on the SEC's website on the Internet
at www.sec.gov.

 Item 1A. Risk Factors

 An investment in the Corporation's common stock is subject to risks
inherent to the banking industry and the equity markets. The material risks and uncertainties that management believes affect the Corporation
are described below. Before making an investment decision, you should carefully consider the risks and uncertainties described below together
with all of the other information included or incorporated by reference in this report. The risks and uncertainties described below are
not the only ones facing the Corporation. Additional risks and uncertainties that management is not aware of or is not focused on, or
currently deems immaterial, may also impair the Corporation's business operations. This report is qualified in its entirety by these
risk factors.

 If any of the following risks actually occur, the Corporation's financial
condition and results of operations could be materially and adversely affected. If this were to happen, the value of the Corporation's
common stock could decline significantly, and you could lose all or part of your investment.

 Risks Related To The Corporation's Business

 The Corporation Is Subject To Interest Rate Risk

 The Corporation's earnings and cash flows are largely dependent upon
its net interest income. Net interest income is the difference between interest income earned on interest earning assets, such as loans
and securities, and interest expense paid on interest bearing liabilities, such as deposits and borrowed funds. Interest rates are highly
sensitive to many factors that are beyond the Corporation's control, including general economic conditions and policies of various
governmental and regulatory agencies, particularly, the Board of Governors of the Federal Reserve System.

 Changes in monetary policy, including changes in interest rates, could
influence not only the interest the Corporation receives on loans and securities, but also the amount of interest it pays on deposits
and borrowings. Changes in interest rates could also affect:

 The Corporation's ability to originate loans and obtain deposits

 The fair value of the Corporation's financial assets and liabilities

 The average duration of the Corporation's assets and liabilities

 The future liquidity of the Corporation

 If the interest rates paid on deposits and other borrowings increase at
a faster rate than the interest rates received on loans and other securities, the Corporation's net interest income, and therefore
earnings, could be adversely affected. Earnings could also be adversely affected if the interest rates received on loans and other securities
fall more quickly than, or do not keep pace with, the interest rates paid on deposits and other borrowings or increases thereon.

 Although management believes it has implemented effective asset and liability
management strategies to reduce the potential effects of changes in interest rates on the Corporation's results of operations, any
substantial, unexpected, prolonged change in market interest rates could have a material adverse effect on the Corporation's financial
condition and results of operations.

 The Corporation Is Subject To Lending Risk

 There are inherent risks associated with the Corporation's lending
activities. These risks include, among other things, the impact of changes in interest rates and changes in the economic conditions in
the markets where the Corporation operates, as well as those across the Commonwealth of Pennsylvania and the United States. Increases
in interest rates and/or weakening economic conditions could adversely impact the ability of borrowers to repay outstanding loans or the
value of the collateral securing these loans. The Corporation is also subject to various laws and regulations that affect its lending
activities. Failure to comply with applicable laws and regulations could subject the Corporation to regulatory enforcement action that
could result in the assessment of significant civil money penalties against the Corporation.

 As of December 31, 2024, 25.3% of the Corporation's loan portfolio
consisted of Business Loans. These types of loans are generally viewed as having more risk of default than consumer real estate loans
or other consumer loans. These types of loans are also typically larger than consumer real estate loans and other consumer loans. Because
the Corporation's loan portfolio contains a significant number of commercial and industrial, construction, and commercial real estate
loans with relatively large balances, the deterioration of one or a few of these loans could cause a significant increase in non-performing
loans. An increase in non-performing loans could result in a net loss of earnings from these loans, an increase in the provision for possible
credit losses, and an increase in loan charge-offs, all of which could have a material adverse effect on the Corporation's financial
condition and results of operations.

 The Corporation is subject to commercial real estate volatility that
may result in increases in non-performing loans that could have an adverse impact on our financial condition and results of operations.

 The commercial real estate market nationally, regionally, and locally has
recently been subject to increased levels of volatility. Many believe that commercial real estate in the commercial office sector is undergoing
a fundamental transformation and change that started during the recent pandemic but also continues due to evolving workplace environments.
These changes in the marketplace affect the demand for commercial office space which in turn may affect the credit status, profitability,
and collectability, of existing and future commercial real estate office sector loans. As explained above in greater detail in the risk
factor for Lending Risk, volatility and increases in non-performing loans could have an adverse impact on our financial condition and
results of operations.

 The Corporation's Allowance For Possible Credit Losses May
Be Insufficient

 The Corporation maintains an allowance for possible credit losses, which
is a reserve established through a provision for credit losses, charged to expense. The allowance for possible credit losses represents
the Corporation's best estimate of expected losses in our financial assets, which includes loans, leases, and debt securities.
The allowance for possible credit losses includes two primary components: (1) an allowance established on financial assets which share
similar risk characteristics collectively evaluated for credit losses, and (2) an allowance established on financial assets which do not
share similar risk characteristics with any loan segment and is individually evaluated for credit losses.

 The level of the allowance for possible credit losses includes quantitative
and qualitative factors that comprise the Corporation's estimate of expected credit losses, including portfolio mix and segmentation,
modeling methodology, historical loss experience, relevant available information from internal and external sources relating to qualitative
adjustment factors, and reasonable and supportable forecasts about future economic conditions. Determining the appropriate level
of the allowance for possible credit losses understandably involves a high degree of subjectivity and requires the Corporation to make
significant estimates of current credit risks and future trends, all of which may undergo material changes. Changes in economic
conditions affecting borrowers, new information regarding existing loans, identification of additional problem loans, and other factors,
both within and outside of the Corporation's control, may require an increase in the allowance for possible credit losses.
In addition, regulatory agencies periodically review the Corporation's allowance for credit losses and may require an increase in
the provision for possible losses or the recognition of further loan charge-offs, based on judgments different than those of management.
In addition, if charge-offs in future periods exceed the allowance for possible credit losses, the Corporation will need additional provisions
to increase the allowance for possible credit losses. Any increases in the allowance for possible credit losses will result in a
decrease in net income, and may have a material adverse effect on the Corporation's financial condition and results of operations.

 If The Corporation Concludes That The Decline In Value Of Any Of
Its Debt Securities Is Credit Related, The Corporation is Required To Write Down The Value Of That Security Through A Charge To Earnings

 The Corporation reviews the debt securities portfolio at each quarter-end
reporting period to determine whether the fair value is below the current carrying value. When the fair value of any of the debt
securities has declined below its carrying value, the Corporation is required to assess whether the decline is related to credit deterioration.
If it concludes that the decline is credit related, it is required to write down the value of that security through a charge to earnings.
In determining whether a credit loss exists, management shall consider the factors in paragraphs 326-30-55-1 through 55-4 of ASU 2016-13
and use its best estimate of the present value of cash flows expected to be collected from the debt security. Management must use
its best estimate to determine if a credit loss exists. It may develop its best estimate using either a singular best estimate approach
or a probability-weighted approach, but must apply the chosen approach consistently. Management has elected to use the single
best estimate method. If the present value of the best estimate is equal to amortized cost, no credit loss calculation needs to
be made. If the present value is below amortized cost, the entity must measure the credit loss using the best estimate of cash flows.
Due to the complexity of the calculations and assumptions used in determining whether a credit loss exists, the credit loss, if any, may
not accurately reflect the actual credit loss in the future.

 The Basel III Capital Requirements Or Other Regulatory Standards
May Require Us To Maintain Higher Levels Of Capital, Which Could Reduce Our Profitability

 Basel III targets higher levels of base capital, certain capital buffers,
and a migration toward common equity as the key source of regulatory capital. Although the new capital requirements are phased in over
the next decade, Basel III signals a growing effort by domestic and international bank regulatory agencies to require financial institutions,
including depository institutions, to maintain higher levels of capital. As Basel III is implemented, regulatory viewpoints could change
and require additional capital to support our business risk profile. If the Corporation and the Bank are required to maintain higher levels
of capital, the Corporation and the Bank may have fewer opportunities to invest capital into interest-earning assets, which could limit
the profitable business operations available to the Corporation and the Bank and adversely impact our financial condition and results
of operations.

 Future Credit Downgrades Of The United States Government Due To Issues
Relating To Debt And The Deficit May Adversely Affect The Corporation

 As a result of past difficulties of the federal government to reach agreement
over federal debt and issues connected with the debt ceiling, certain rating agencies placed the United States Government's long-term
sovereign debt rating on their equivalent of negative watch and announced the possibility of a rating downgrade. The rating agencies,
due to constraints related to the rating of the United States, also placed government-sponsored enterprises in which the Corporation
invests and receives lines of credit on negative watch and a downgrade of the United States credit rating would trigger a similar downgrade
in the credit rating of these government-sponsored enterprises. Furthermore, the credit rating of other entities, such as state
and local governments, may also be downgraded should the United States credit rating be downgraded. Credit downgrades often cause a lower
valuation of the Corporation's securities.

 The Corporation Is Subject To Environmental Liability Risk Associated
With Lending Activities

 A significant portion of the Corporation's loan portfolio is secured
by real property. During the ordinary course of business, the Corporation may foreclose on and take title to properties securing certain
loans. In doing so, there is a risk that hazardous or toxic substances could be found on these properties. If hazardous or toxic substances
are found, the Corporation may be liable for remediation costs, as well as for personal injury and property damage. Environmental laws
may require the Corporation to incur substantial expenses and may materially reduce the affected property's value or limit the Corporation's
ability to use or sell the affected property. In addition, future laws or more stringent interpretations or enforcement policies with
respect to existing laws, may increase the Corporation's exposure to environmental liability. Although the Corporation has policies
and procedures to perform an environmental review before initiating any foreclosure action on real property, these reviews may not be
sufficient to detect all potential environmental hazards. The remediation costs and any other financial liabilities associated with an
environmental hazard could have a material adverse effect on the Corporation's financial condition and results of operations.

 The Corporation's Profitability Depends Significantly On Economic
Conditions In The Commonwealth Of Pennsylvania And Its Market Area

 The Corporation's success depends primarily on the general
economic conditions of the Commonwealth of Pennsylvania, and more specifically, the local markets in which the Corporation operates.
Unlike larger national or other regional banks that are more geographically diversified, the Corporation provides banking and
financial services to customers primarily located in Lancaster County, as well as Berks, Chester, and Lebanon Counties. The local
economic conditions in these areas have a significant impact on the demand for the Corporation's products and services as well
as the ability of the Corporation's customers to repay loans, the value of the collateral securing loans, and the stability of
the Corporation's deposit funding sources. A significant decline in general economic conditions, caused by inflation,
recession, acts of terrorism, outbreak of hostilities or other international or domestic occurrences, unemployment, changes in
securities markets, or other factors could impact these local economic conditions and, in turn, have a material adverse effect on
the Corporation's financial condition and results of operations.

 The Earnings Of Financial Services Companies Are Significantly Affected
By General Business And Economic Conditions

 The Corporation's operations and profitability are impacted by general
business and economic conditions in the United States and abroad. These conditions include short-term and long-term interest rates, inflation,
money supply, political issues, legislative and regulatory changes, fluctuations in both debt and equity capital markets, broad trends
in industry and finance, and the strength of the U.S. economy and the local economies in which the Corporation operates, all of which
are beyond the Corporation's control. Deterioration in economic conditions could result in an increase in loan delinquencies and
non-performing assets, decreases in loan collateral values and a decrease in demand for the Corporation's products and services,
among other things, any of which could have a material adverse impact on the Corporation's financial condition and results of operations.

 The Corporation Operates In A Highly Competitive Industry And Market
Area

 The Corporation faces substantial competition in all areas of its operations
from a variety of different competitors, many of which are larger and may have more financial resources. Such competitors primarily include
national, regional, and community banks within the various markets in which the Corporation operates. Additionally, various out-of-state
banks have begun to enter or have announced plans to enter the market areas in which the Corporation currently operates. The Corporation
also faces competition from many other types of financial institutions, including, without limitation, online banks, savings and loans,
credit unions, finance companies, brokerage firms, insurance companies, and other financial intermediaries. The financial services industry
could become even more competitive as a result of legislative, regulatory and technological changes, and continued consolidation. Banks,
securities firms, and insurance companies can merge under the umbrella of a financial holding company, which can offer virtually any type
of financial service, including banking, securities underwriting, insurance (both agency and underwriting), and merchant banking. Also,
technology has lowered barriers to entry and made it possible for non-banks to offer products and services traditionally provided by banks,
such as automatic transfer and automatic payment systems. Many of the Corporation's competitors have fewer regulatory constraints
and may have lower cost structures. Additionally, due to their size, many competitors may be able to achieve economies of scale and, as
a result, may offer a broader range of products and services as well as better pricing for those products and services than the Corporation
can offer.

 The Corporation's ability to compete successfully depends on a number
of factors, including, among other things:

 The ability to develop, maintain, and build upon long-term customer relationships based on quality service, high ethical standards,
and safe, sound management practices

 The ability to expand the Corporation's market position

 The scope, relevance, and pricing of products and services offered to meet customer needs and demands

 The rate at which the Corporation introduces new products and services relative to its competitors

 Customer satisfaction with the Corporation's level of service

 Industry and general economic trends

 Failure to perform in any of these areas could significantly weaken the
Corporation's competitive position, which could adversely affect the Corporation's growth and profitability and have a material
adverse effect on the Corporation's financial condition and results of operations.

 The Corporation Is Subject To Extensive Government Regulation And
Supervision

 The Corporation is subject to extensive federal and state regulation and
supervision. Banking regulations are primarily intended to protect depositors' funds, federal deposit insurance funds, and the banking
system as a whole, not shareholders. These regulations affect the Corporation's lending practices, capital structure, investment
practices, dividend policy, and growth, among other things. Congress and federal regulatory agencies continually review banking laws,
regulations, and policies for possible changes. Changes to statutes, regulations, or regulatory policies, including changes in interpretation
or implementation of statutes, regulations, or policies, could affect the Corporation in substantial and unpredictable ways.

 Such changes could subject the Corporation to additional costs, limit the
types of financial services and products the Corporation may offer, and/or increase the ability of non-banks to offer competing financial
services and products, among other things. Failure to comply with laws, regulations, or policies could result in sanctions by regulatory
agencies, civil money penalties, and/or reputation damage, which could have a material adverse effect on the Corporation's business,
financial condition, and results of operations. While the Corporation has policies and procedures designed to prevent any such violations,
there can be no assurance that such violations will not occur.

 Future Governmental Regulation And Legislation Could Limit The Corporation's
Future Growth

 The Corporation is a registered bank holding company, and
its subsidiary bank is a depository institution whose deposits are insured by the FDIC. As a result, the Corporation is subject to various
regulations and examinations by various regulatory authorities. In general, statutes establish the corporate governance and eligible business
activities for the Corporation, certain acquisition and merger restrictions, limitations on inter-company transactions such as loans and
dividends, capital adequacy requirements, requirements for anti-money laundering programs and other compliance matters, among other regulations.
The Corporation is extensively regulated under federal and state banking laws and regulations that are intended primarily for the protection
of depositors, federal deposit insurance funds and the banking system as a whole. Compliance with these statutes and regulations is important
to the Corporation's ability to engage in new activities and consummate additional acquisitions. In addition, the Corporation is
subject to changes in federal and state tax laws as well as changes in banking and credit regulations, accounting principles and governmental
economic and monetary policies. The Corporation cannot predict whether any of these changes may adversely and materially affect it. Federal
and state banking regulators also possess broad powers to take supervisory actions as they deem appropriate. These supervisory actions
may result in higher capital requirements, higher insurance premiums and limitations on the Corporation's activities that could
have a material adverse effect on its business and profitability. While these statutes are generally designed to minimize potential loss
to depositors and the FDIC insurance funds, they do not eliminate risk, and compliance with such statutes increases the Corporation's
expense, requires management's attention and can be a disadvantage from a competitive standpoint with respect to non-regulated competitors.

 The Corporation's Banking Subsidiary May Be Required To Pay
Higher FDIC Insurance Premiums Or Special Assessments Which May Adversely Affect Its Earnings

 Future bank failures may prompt the
FDIC to increase its premiums above the current levels or to issue special assessments. The Corporation generally is unable to control
the amount of premiums or special assessments that its subsidiary is required to pay for FDIC insurance. Any future changes in the calculation
or assessment of FDIC insurance premiums may have a material adverse effect on the Corporation's results of operations, financial
condition, and the ability to continue to pay dividends on common stock at the current rate or at all.

 The Corporation's Controls And Procedures May Fail Or Be Circumvented

 Management regularly reviews and updates the Corporation's internal
controls, disclosure controls and procedures, and corporate governance policies and procedures. Any system of controls, however well designed
and operated, is based in part on certain assumptions and can provide only reasonable, not absolute, assurances that the objectives of
the system are met. Any failure or circumvention of the Corporation's controls and procedures or failure to comply with regulations
related to controls and procedures could have a material adverse effect on the Corporation's business, results of operations, and
financial condition.

 New Lines Of Business Or New Products And Services May Subject The
Corporation To Additional Risks

 From time to time, the Corporation may implement new lines of business
or offer new products and services within existing lines of business. There are substantial risks and uncertainties associated with these
efforts, particularly in instances where the markets are not fully developed. In developing and marketing new lines of business and/or
new products and services, the Corporation may invest significant time and resources. Initial timetables for the introduction and development
of new lines of business and/or new products or services may not be achieved and price and profitability targets may not prove feasible.
External factors, such as compliance with regulations, competitive alternatives, and shifting market preferences, may also impact the
successful implementation of a new line of business or a new product or service. Furthermore, any new line of business and/or new product
or service could have a significant impact on the effectiveness of the Corporation's system of internal controls. Failure to successfully
manage these risks in the development and implementation of new lines of business or new products or services could have a material adverse
effect on the Corporation's business, results of operations, and financial condition.

 The Corporation's Ability To Pay Dividends Depends On Earnings
And Is Subject To Regulatory Limits

 The Corporation's ability to pay dividends is also subject to its
profitability, financial condition, capital expenditures, and other cash flow requirements. Dividend payments are subject to legal and
regulatory limitations, generally based on net profits and retained earnings, imposed by the various banking regulatory agencies. There
is no assurance that the Corporation will have sufficient earnings to be able to pay dividends or generate adequate cash flow to pay dividends
in the future. The Corporation's failure to pay dividends on its common stock could have a material adverse effect on the market
price of its common stock.

 Future Acquisitions May Disrupt The Corporation's Business
And Dilute Stockholder Value

 The Corporation may use its common stock to acquire other companies or
make investments in corporations and other complementary businesses. The Corporation may issue additional shares of common stock to pay
for future acquisitions, which would dilute the ownership interest of current shareholders of the Corporation. Future business acquisitions
could be material to the Corporation, and the degree of success achieved in acquiring and integrating these businesses into the Corporation
could have a material effect on the value of the Corporation's common stock. In addition, any acquisition could require the Corporation
to use substantial cash or other liquid assets or to incur debt. In those events, the Corporation could become more susceptible to economic
downturns and competitive pressures.

 The Corporation May Need To Or Be Required To Raise Additional Capital
In The Future, And Capital May Not Be Available When Needed And On Terms Favorable To Current Shareholders

 Federal banking regulators require
the Corporation and its subsidiary bank to maintain adequate levels of capital to support their operations. These capital levels are determined
and dictated by law, regulation, and banking regulatory agencies. In addition, capital levels are also determined by the Corporation's
management and board of directors based on capital levels that they believe are necessary to support the Corporation's business
operations.

 If the Corporation raises capital
through the issuance of additional shares of its common stock or other securities, it would likely dilute the ownership interests of current
investors and could dilute the per share book value and earnings per share of its common stock. Furthermore, a capital raise through issuance
of additional shares may have an adverse impact on the Corporation's stock price. New investors also may have rights, preferences
and privileges senior to the Corporation's current shareholders, which may adversely impact its current shareholders. The Corporation's
ability to raise additional capital will depend on conditions in the capital markets at that time, which are outside of its control, and
on its financial performance. Accordingly, the Corporation cannot be certain of its ability to raise additional capital on acceptable
terms and acceptable time frames or to raise additional capital at all. If the Corporation cannot raise additional capital in sufficient
amounts when needed, its ability to comply with regulatory capital requirements could be materially impaired. Additionally, the inability
to raise capital in sufficient amounts may adversely affect the Corporation's financial condition and results of operations.

 The Corporation May Not Be Able To Attract And Retain Skilled People

 The Corporation's success highly depends on its ability to attract
and retain key people. Competition for the best people in most activities engaged in by the Corporation can be intense and the Corporation
may not be able to hire people or to retain them. The unexpected loss of services of one or more of the Corporation's key personnel
could have a material adverse impact on the Corporation's business because of their skills, knowledge of the Corporation's
market, years of industry experience, and the difficulty of promptly finding qualified replacement personnel.

 The Corporation's Communications, Information and Technology
Systems May Experience An Interruption Or Breach In Security

 The Corporation relies heavily on communications, information and technology
systems to conduct its business. Any failure, interruption, or breach in security of these systems could result in failures or disruptions
in the Corporation's customer relationship management, general ledger, deposit, loan, and other systems. While the Corporation has
policies and procedures designed to prevent or limit the effect of the failure, interruption, or security breach of its communications,
information and technology systems, there can be no assurance that any such failures, interruptions, or security breaches will not occur
or, if they do occur, that they will be adequately addressed. Further, while the Corporation maintains insurance coverage that may, subject
to policy terms and conditions including significant self-insured deductibles, cover or ameliorate certain financial aspects of cyber
risks, such insurance coverage may be insufficient to cover all losses.

 The occurrence of any failures, interruptions, or security breaches of
the Corporation's communications, information and technology systems could damage the Corporation's reputation, adversely
affecting customer or consumer confidence, result in a loss of customer business, subject the Corporation to additional regulatory scrutiny
and possible regulatory penalties, or expose the Corporation to civil litigation and possible financial liability, any of which could
have a material adverse effect on the Corporation's financial condition and results of operations.

 The Corporation Continually Encounters Technological Change

 The financial services industry is continually undergoing rapid technological
change with frequent introductions of new technology-driven products and services. The effective use of technology increases efficiency
and enables financial institutions to better serve customers and to reduce costs. The Corporation's future success depends, in part,
upon its ability to address the needs of its customers by using technology to provide products and services that will satisfy customer
demands, as well as to create additional efficiencies in the Corporation's operations. Many of the Corporation's competitors
have substantially greater resources to invest in technological improvements. The Corporation may not be able to effectively implement
new technology-driven products and services or be successful in marketing these products and services to its customers. Failure to successfully
keep pace with technological change affecting the financial services industry could have a material adverse impact on the Corporation's
business, financial condition, and results of operations.

 The Corporation's Operations Of Its Business, Including Its
Interaction With Customers, Are Increasingly Done Via Electronic Means, And This Has Increased Its Risks Related To Cyber Security

 The Corporation is exposed to the risk of cyber-attacks in the normal course
of business. In general, cyber incidents can result from deliberate attacks or unintentional events. The Corporation has observed an increased
level of attention in the industry focused on cyber-attacks that include, but are not limited to, gaining unauthorized access to digital
systems for purposes of misappropriating assets or sensitive information, corrupting data, or causing operational disruption. To combat
against these attacks, policies and procedures are in place to prevent or limit the effect on the possible security breach of its information
and technology systems. While the Corporation maintains insurance coverage that may, subject to policy terms and conditions including
significant self-insured deductibles, cover or ameliorate certain financial aspects of cyber risks, such insurance coverage may be insufficient
to cover all or a material amount of losses. While the Corporation has not incurred any material losses related to cyber-attacks, nor
is it aware of any specific or threatened cyber-incidents as of the date of this report, it may incur substantial costs and suffer other
negative consequences if it falls victim to successful cyber-attacks. Such negative consequences could include remediation costs that
may include liability for stolen assets or information and repairing system damage that may have been caused; deploying additional personnel
and protection technologies, training employees, and engaging third party experts and consultants; lost revenues resulting from unauthorized
use of proprietary information or the failure to retain or attract customers following an attack; disruption or failures of physical infrastructure,
operating systems or networks that support our business and customers resulting in the loss of customers and business opportunities; additional
regulatory scrutiny and possible regulatory penalties; litigation; and reputational damage adversely affecting customer or investor confidence.

 The Corporation Uses Artificial Intelligence (AI) In Its Business,
And Challenges With Properly Managing Its Use Could Result In Disruption Of The Corporation's Internal Operations, Reputational
Harm, Competitive Harm, Legal Liability And Adversely Affect Our Results Of Operations And Stock Price.

 The Corporation incorporates AI solutions into platforms that
deliver products and services to our customers, including solutions developed by third parties whose AI is integrated into our products
and services. Our business could be harmed and we may be exposed to legal liability and reputational risk if the AI we use is or is alleged
to be deficient, inaccurate, or biased because the AI algorithms are flawed, insufficient, of poor quality, or reflect unwanted forms of
bias, particularly if third party AI integrated with our platforms produces false or "hallucinatory" inferences.

 Data practices by us or others that result in controversy could impair
the acceptance of AI, which could undermine the decisions, predictions, or analysis that AI applications produce. Our customers and
potential customers may express adverse opinions concerning our use of AI and machine learning that could result in brand or reputational
harm, competitive harm, or legal liability. If the Corporation adopts the use of Generative AI, its content creation may require additional
investment as testing for bias, accuracy and unintended, harmful impact is often complex and may be costly. As a result, the Corporation
may need to increase the cost of our products and services which may make us less competitive, particularly if our competitors incorporate AI more
quickly or successfully.

 Governmental bodies have implemented laws and are considering further regulation
of AI (including machine learning), which could negatively impact our ability to use and develop AI. The Corporation is unable to
predict how application of existing laws, including federal and state privacy and data protection laws, and adoption of new laws and regulations
applicable to AI will affect us but it is likely that compliance with such laws and regulations will increase our compliance costs and
such increase may be substantial and adversely affect our results of operations. Furthermore, our use of Generative AI and other forms
of AI may expose us to risks relating to intellectual property ownership and licensing rights, including copyright of Generative AI and
other AI output as these issues have not been fully interpreted by federal courts or been fully addressed by federal or state legislation
or regulations.

 The Increasing Use Of Social Media Platforms Presents New Risks And
Challenges And Our Inability Or Failure To Recognize, Respond To And Effectively Manage The Accelerated Impact Of Social Media Could Materially
Adversely Impact Our Business

 There has been a marked increase in the use of social media platforms,
including weblogs (blogs), social media websites, and other forms of Internet-based communications which allow individuals access to a
broad audience of consumers and other interested persons. Social media practices in the banking industry are evolving, which creates uncertainty
and risk of noncompliance with regulations applicable to our business. Consumers value readily available information concerning businesses
and their goods and services and often act on such information without further investigation and without regard to its accuracy. Many
social media platforms immediately publish the content their subscribers and participants post, often without filters or checks on accuracy
of the content posted. Information posted on such platforms at any time may be adverse to our interests and/or may be inaccurate. The
dissemination of information online could harm our business, prospects, financial condition, and results of operations, regardless of
the information's accuracy. The harm may be immediate without affording us an opportunity for redress or correction.

 Other risks associated with the use of social media include improper disclosure
of proprietary information, negative comments about our business, exposure of personally identifiable information, fraud, out-of-date
information, and improper use by employees and customers. The inappropriate use of social media by our customers or employees could result
in negative consequences including remediation costs including training for employees, additional regulatory scrutiny and possible regulatory
penalties, litigation or negative publicity that could damage our reputation adversely affecting customer or investor confidence.

 The Corporation Is Subject To Claims And Litigation Pertaining To
Fiduciary Responsibility

 From time to time, customers make claims and take legal action pertaining
to the Corporation's performance of its fiduciary responsibilities. Whether customer claims and legal action related to the Corporation's
performance of its fiduciary responsibilities are founded or unfounded, if such claims and legal actions are not resolved in a manner
favorable to the Corporation, they may result in significant financial liability and/or adversely affect the market perception of the
Corporation and its products and services as well as impact customer demand for those products and services. Any financial liability or
reputation damage could have a material adverse effect on the Corporation's business, financial condition, and results of operations.

 Financial Services Companies Depend On The Accuracy And Completeness
Of Information About Customers And Counterparties

 In deciding whether to extend credit or enter into other transactions,
the Corporation may rely on information furnished by, or on behalf of, customers and counterparties, including financial statements, credit
reports, and other financial information. The Corporation may also rely on representations of those customers, counterparties, or other
third parties, such as independent auditors, as to the accuracy and completeness of that information. Reliance on inaccurate or misleading
financial statements, credit reports, or other financial information could have a material adverse impact on the Corporation's business
and, in turn, the Corporation's financial condition and results of operations.

 Consumers May Decide Not To Use Banks To Complete Their Financial
Transactions

 Technology and other changes are allowing parties to complete financial
transactions that historically have involved banks through alternative methods. For example, consumers can now maintain funds that would
have historically been held as bank deposits in brokerage accounts or mutual funds. Consumers can also complete transactions such as paying
bills and/or transferring funds directly without the assistance of banks. The process of eliminating banks as intermediaries, known as
"disintermediation," could result in the loss of fee income, as well as the loss of customer deposits and the related income
generated from those deposits. The loss of these revenue streams and the lower cost deposits as a source of funds could have a material
adverse effect on the Corporation's financial condition and results of operations.

 A Change In Control Of The United States Government And Issues Relating
To Debt And The Deficit May Adversely Affect The Corporation

 The outcome of future elections could result in changes in control of the
federal government and bring significant changes (or uncertainty) in governmental policies, regulatory environments, spending sentiment
and many other factors and conditions, some of which could adversely impact the Corporation's business, financial condition and
results of operations.

 Negative Developments Affecting The Banking Industry, Including Bank
Failures Or Concerns Regarding Liquidity, Have Eroded Customer Confidence In The Banking System And May Have A Material Adverse Effect
On The Corporation.

 Events impacting the banking industry, including the high-profile failure
or instability of certain banking institutions, have resulted and may continue to result in general uncertainty and eroded confidence
in the safety, soundness, and financial strength of the financial services sector. In particular, the bank failures highlighted the potential
serious impact of a financial institution unable to meet withdrawal requests by depositors. This has resulted in a growing concern about
liquidity in the banking industry, access to and volatile capital markets and reduced stock valuations for certain financial institutions.
Similar future events, including additional bank failures or bank instability, could directly or indirectly adversely impact our own liquidity,
access to capital markets, stock price, financial condition and results of operations. Further, these events may also result in: greater
regulatory scrutiny and enforcement; additional and more stringent laws and regulations for the financial services industry; increased
FDIC deposit insurance premiums or special FDIC assessments; and higher capital ratio requirements, which as a result could have a material
negative impact and adverse effect on our business, financial condition and results of operations.

 Other Events

 Natural Disasters, Acts Of War Or Terrorism, Domestic and International
Instability, Pandemics, and Other External Events Could Significantly Impact The Corporation's Business

 Severe weather, natural disasters, acts of war or terrorism, domestic and
international instability, pandemics, and other adverse external events could have a significant impact on the Corporation's ability
to conduct business. Such events could affect the stability of the Corporation's deposit base; impair the ability of borrowers to
repay outstanding loans, impair the value of collateral securing loans, cause significant property damage, result in loss of revenue,
and/or cause the Corporation to incur additional expenses. Severe weather or natural disasters, acts of war or terrorism, pandemics, or
other adverse external events, may occur in the future. Although management has established disaster recovery policies and procedures,
the occurrence of any such event could have a material adverse effect on the Corporation's business, financial condition, and results
of operations.

 Risks Associated With The Corporation's Common Stock

 The Corporation's Stock Price Can Be Volatile

 Stock price volatility may make it more difficult for shareholders to resell
their shares of common stock when they desire and at prices they find attractive. The Corporation's stock price can fluctuate significantly
in response to a variety of factors including, among other things:

 Actual or anticipated variations in quarterly results of operations

 Recommendations by securities analysts

 Operating and stock price performance of other companies that investors deem comparable to the Corporation

 News reports relating to trends, concerns, and other issues in the financial services industry

 Perceptions in the marketplace regarding the Corporation and/or its competitors

 New technology used, or services offered, by competitors

 Significant acquisitions or business combinations, strategic partnerships, joint ventures, or capital commitments by, or involving, the Corporation or its competitors

 Changes in government regulations

 Geopolitical conditions such as acts or
 threats of terrorism or military conflicts

 General market fluctuations, industry factors, and general economic and
political conditions and events, such as economic slowdowns or recessions, interest rate changes, or credit loss trends, could also cause
the Corporation's stock price to decrease regardless of operating results.

 The Trading Volume In The Corporation's Common Stock Is Less
Than That Of Other Larger Financial Services Companies

 The Corporation's common stock is listed for trading on the OTCQX
Best Market (OTCQX) under the symbol ENBP. The trading volume in its common stock is a fraction of that of other larger financial services
companies. A public trading market having the desired characteristics of depth, liquidity, and orderliness depends on the presence in
the marketplace of willing buyers and sellers of the Corporation's common stock at any given time. This presence depends on the
individual decisions of investors and general economic and market conditions over which the Corporation has no control. Given the lower
trading volume of the Corporation's common stock, significant sales of the Corporation's common stock, or the expectation
of these sales, could cause the Corporation's stock price to fall.

 An Investment In The Corporation's Common Stock Is Not An Insured
Deposit

 The Corporation's common stock is not a bank deposit and, therefore,
is not insured against loss by the FDIC, any other deposit insurance fund, or by any other public or private entity. Investment in the
Corporation's common stock is inherently risky for the reasons described in this "Risk Factors" section and elsewhere
in this report and is subject to the same market forces that affect the price of common stock in any company. As a result, an investor
in the Corporation's common stock may lose some or all of their investment.

 The Corporation's Articles Of Incorporation And Bylaws,
As Well As Certain Banking Laws, May Have An Anti-Takeover Effect

 Provisions of the Corporation's articles of incorporation and bylaws,
federal banking laws, including regulatory approval requirements, and the Corporation's stock purchase rights plan, could make it
more difficult for a third party to acquire the Corporation, even if doing so would be perceived to be beneficial to the Corporation's
shareholders. The combination of these provisions effectively inhibits a non-negotiated merger or other business combination that could
adversely affect the market price of the Corporation's common stock.

 Item 1B. Unresolved Staff Comments

 None

 Item 1C. Cybersecurity

 Cybersecurity, data privacy, and data protection
are critical to our business. In the ordinary course of our business, we collect and store certain confidential information such as the
personal information of depositors and borrowers and information about our employees, contractors, vendors, and suppliers. We rely heavily
on the secure processing, storage, and transmission of sensitive and confidential financial, personal, and other information in our computer
systems and networks.

 The Corporation has developed and implemented an Information
Security Program based on the Cybersecurity Framework (CSF) best practices and recommendations from the National Institute of Standards
and Technology (NIST), applicable regulatory guidance, and other industry standards. Components of the program include a risk assessment
program to identify, assess, and mitigate cybersecurity risk; a vendor management program to address third-party cybersecurity risk; a
business continuity program (BCP) to ensure continuity of operations; and an incident response program documenting cybersecurity incident
response and notification procedures. The Corporation's Information Security Officer (ISO) oversees the programs and reports on their
statuses to management committees including the Senior Leadership Committee, ERM Governance Committee, and Operational Risk Committees.
The ISO is part of the risk management function, reporting directly to the Chief Risk Officer, who in turn, reports directly to the Board
of Directors. The ISO has over twenty years of professional experience in cybersecurity, vendor management, business continuity, and incident
response, and holds multiple relevant professional certifications. The ISO provides periodic updates to the Board of Directors, including
a comprehensive annual report. The Information Security, Vendor Management, BCP, and Incident Response Programs are approved by the Board
annually.

 The ISO maintains risk assessments for critical IT systems, vendors,
and processes. A third party cybersecurity risk assessment tool, as well as the FFIEC's Cybersecurity Assessment Tool (CAT) are used annually
to assess these risks. Third parties are assessed to address their risks according to service type, compliance risk, financial risk, operational
risk, and security risk. The level of due diligence and ongoing monitoring that is performed is based on that assessment.

 The ISO conducts training on cybersecurity risks for all new
employees, and at least annually for existing employees and the Board of Directors. In addition to this training program, simulated phishing
attempts are sent to employees on a regular basis to evaluate their understanding of these risks and to provide supplemental training
as needed. The Corporation uses data loss prevention and web filtering software to ensure malicious data does not enter the Corporation's
network, and sensitive information does not leave the network unless properly secured. Penetration tests and vulnerability scanning are
performed on a regular basis. We employ an in-depth, layered, defensive strategy with respect to our products, services, and technology.
 We leverage people, processes, and technology to manage and maintain cybersecurity
controls. We employ various preventative and detective tools designed to monitor, block, and provide alerts regarding suspicious activity,
as well as to report on any suspected advanced persistent threats.

 Access to data on the Corporation's networks is granted only
if needed for job functions. The Information Security Department approves all changes to access and critical systems are subject to annual
review.

 An Incident Response Team that includes representatives from
key areas of the Corporation meets in the event of cybersecurity incidents. This Team receives special training, including an annual tabletop
exercise. The Team ensures the proper notifications are made to comply with all relevant laws, rules, regulations, and policies.

 During the year ended December 31, 2024, there were no cybersecurity
incidents that materially affected or are reasonably likely to materially affect the Corporation.

 Item 2. Properties

 As of December 31, 2024, ENB Financial Corp and Ephrata National Bank owned
and leased buildings in the normal course of business. The headquarters of ENB Financial Corp and main office of Ephrata National Bank
is at 31 East Main Street, Ephrata, Pennsylvania. As of December 31, 2024, the Bank owned 20 properties and leased 6 properties. These
properties are adequate for their intended and present utilization.

 For more information concerning the amounts recorded for premises and
equipment and commitments under current leasing agreements, see Notes D and Q of the Notes to Consolidated Financial Statements included
in Item 8. "Financial Statements and Supplementary Data" of this report on Form 10-K.

 Item 3. Legal Proceedings

 The nature of the Corporation's business generates a certain amount
of litigation involving matters arising in the ordinary course of business; however, in the opinion of management, there are no material
proceedings pending to which the Corporation is a party to, or which would be material in relation to the Corporation's financial
condition. There are no proceedings pending other than ordinary routine litigation incident to the business of the Corporation. In addition,
no material proceedings are pending, known to be threatened, or contemplated against the Corporation by governmental authorities.

 Item 4. Mine Safety Disclosures – Not Applicable

 Item 5. Market for Registrant's Common Equity, Related Shareholder
Matters, and Issuer Purchases of Equity Securities

 The Corporation has only one class of stock authorized, issued, and outstanding,
which consists of common stock with a par value of $0.10 per share. As of December 31, 2024, there were 24,000,000 shares of common stock
authorized with 5,739,114 shares issued, and 5,655,271 shares outstanding to approximately 806 shareholders.

 The Corporation's common stock is traded on a limited basis on the
OTCQX Best Market under the symbol "ENBP." Prices presented in the table below reflect high and low prices of actual transactions
known to management. Prices and dividends per share are adjusted for stock splits. Market quotations reflect inter-dealer prices, without
retail mark up, mark down, or commission and may not reflect actual transactions.

 2024

 2023

 High

 Low

 Dividend

 High

 Low

 Dividend

 First quarter

 $
 15.50

 $
 14.05

 $
 0.17

 $
 16.99

 $
 13.45

 $
 0.17

 Second quarter

 15.24

 14.21

 0.17

 15.00

 12.45

 0.17

 Third quarter

 17.05

 14.50

 0.17

 14.90

 12.65

 0.17

 Fourth quarter

 20.00

 16.46

 0.18

 15.00

 12.64

 0.17

 Dividends

 The Corporation, and before it the Bank, since 1973 has generally paid
quarterly cash dividends on or around March 15, June 15, September 15, and December 15 of each year. The Corporation currently expects
to continue the practice of paying regular quarterly cash dividends to its shareholders for the foreseeable future. However, future dividends
are dependent upon future earnings and legal restrictions. The dividend payments reflected above amount to a dividend payout ratio between
25.5% and 31.0% for 2023 and 2024, respectively. The dividend payout ratio is only one element of management's plan for managing
capital. Certain laws restrict the amount of dividends that may be paid to shareholders in any given year. In addition, under Pennsylvania
corporate law, the Corporation may not pay a dividend if, after issuing the dividend (1) the Corporation would be unable to pay its debts
as they become due, or (2) the Corporation's total assets would be less than its total liabilities plus the amount needed to satisfy
any preferential rights of shareholders. In addition, as declared by the Board of Directors, Ephrata National Bank's dividend restrictions
apply indirectly to ENB Financial Corp because cash available for dividend distributions will initially come from dividends Ephrata National
Bank pays to ENB Financial Corp. See Note M to the consolidated financial statements in this Form 10-K filing, for information that discusses
and quantifies this regulatory restriction.

 ENB Financial Corp offers its shareholders the convenience of a Dividend
Reinvestment Plan (DRP) and the direct deposit of cash dividends. The DRP gives shareholders registered with the Corporation the opportunity
to have their quarterly dividends invested automatically in additional shares of the Corporation's common stock. Shareholders who
prefer a cash dividend may have their quarterly dividends deposited directly into a checking or savings account at their financial institution.
For additional information on either program, contact the Corporation's stock registrar and dividend paying agent, Computershare
Shareholder Services, P.O. Box 505000, Louisville, KY 40233-5000.

 Purchases

 The following table details the Corporation's purchase of its own
common stock during the three months ended December 31, 2024.

 Issuer Purchase of
Equity Securites

 Total Number of

 Maximum Number

 Total Number

 Shares Purchased

 of Shares that May

 of Shares

 Price Paid

 as Part of Publicly

 Yet be Purchased

 Period

 Purchased

 Per Share

 Announced Plans *

 Under the Plan *

 October 2024

 —

 —

 —

 200,000

 November 2024

 —

 —

 —

 200,000

 December 2024

 —

 —

 —

 200,000

 Total

 —

 * On October 16, 2024, the Board of Directors of the Corporation approved
a plan to repurchase, in the open market and privately renegotiated transactions, up to 200,000 shares of its outstanding common stock.
This plan replaces the 2020 plan. As of December 31, 2024, no shares had been purchased under this plan.

 Recent Sales of Unregistered Securities and Equity Compensation Plan

 The Corporation does not have an equity compensation plan and has not sold
any unregistered securities.

 Item 6. [Reserved]

 Item 7. Management's Discussion and Analysis of Financial Condition
and Results of Operations

 The following discussion and analysis represents management's
view of the financial condition and results of operations of the Corporation. This discussion and analysis should be read in conjunction
with the consolidated financial statements and other financial schedules included in this annual report. The financial condition and results
of operations presented are not indicative of future performance.

 Strategic Overview

 ENB Financial Corp and its wholly owned subsidiary, Ephrata National
Bank, are committed to remaining an independent community bank serving its market area. The Corporation's roots date back to the
April 11, 1881 charter granted to Ephrata National Bank by the Office of the Comptroller of the Currency. The Bank's growth has
been entirely organic over 143 years of existence. The Board and Management are committed to the principles and values that have served
the Corporation well over its history and the desire is to produce strong financial results that will engender trust from the Bank's
customers and favorable returns to the shareholders.

 Results of Operations

 Overview

 The year ended December 31, 2024, was positively impacted by
a number of items resulting in record earnings for the year. The Corporation grew interest income rapidly during 2024 as a result of interest-earning
asset growth and a disciplined management of asset and liability rates. The Corporation also experienced an increase in interest expense
during 2024 as the cost of funds on deposits and borrowings increased. Even with the increased interest expense, net interest income still
increased as interest income rose faster than interest expense. The year was also marked by significantly higher operating income which
was only partially offset by higher operating expenses with increases primarily in salaries and benefits.

 The Corporation recorded net income of $15,317,000 for the year
ended December 31, 2024, a $2,942,000, or 23.8% increase over the year ended December 31, 2023. The earnings per share, basic and diluted,
were $2.71 in 2024, compared to $2.19 in 2023.

 The Corporation's net interest income (NII) increased by
$2,702,000, or 5.0%, in 2024, compared to 2023. The increase in NII primarily resulted from an increase in interest and fees on loans
of $11,822,000, or 19.3%, and interest on securities available for sale of $1,665,000, or 11.4%. Interest expense on deposits and borrowings
increased by $12,289,000, or 51.6%, in 2024 compared to the prior year.

 The Corporation recorded a $1,015,000 provision for credit losses
in 2024, compared to $520,000 in 2023. The higher provision in 2024 was primarily caused by loan growth as well as higher levels of non-accrual
and classified loans. During 2024, the Corporation grew its loan portfolio by $67.2 million.

 Non-interest income excluding security and mortgage gains increased by
$2,717,000, or 20.2%, for the year ended December 31, 2024, compared to the prior year, due to increased income in all categories of operating
income. Mortgage gains increased in 2024 to $1,826,000, compared to $767,000 in 2023. The Corporation made a strategic shift to generate
more fixed-rate mortgages in 2024 that could be sold on the secondary market as opposed to primarily adjustable-rate mortgages originated
in 2023 that were held on the Corporation's balance sheet.

 Additionally, the Corporation recorded pre-tax gains on debt and equity
securities of $159,000 during 2024, compared to losses of $1,496,000 recorded in 2023. During 2023, the Corporation made the strategic
decision to execute a partial portfolio restructuring and sell some low-yielding securities to reinvest in higher yielding loans. During
2024, several equity securities were sold at gains, but the Corporation did not record any significant losses on available-for-sale debt
as it did in 2023.

 The financial services industry uses two primary performance measurements
to gauge performance: return on average assets (ROA) and return on average equity (ROE). ROA measures how efficiently a bank generates
income based on the amount of assets or size of a company. ROE measures the efficiency of a company in generating income based on the
amount of equity or capital utilized.

 Key Performance Ratios

 Year ended December 31,

 2024

 2023

 Return on Average Assets

 0.75%

 0.65%

 Return on Average Equity

 12.13%

 12.03%

 The results of the Corporation's operations are best explained
by addressing in further detail the five major sections of the income statement, which are as follows:

 Net interest income

 Provision for credit losses

 Other income

 Operating expenses

 Income taxes

 The following discussion analyzes each of these five
components.

 Net Interest Income (NII)

 NII represents the largest portion of the Corporation's operating
income. In 2024, NII generated 75.8% of the Corporation's revenue stream, which consists of NII and non-interest income, compared
to 81.0% in 2023. This decrease is a result of higher levels of non-interest income in 2024 compared to the prior year. The overall performance
of the Corporation is highly dependent on the changes in NII since it comprises such a significant portion of operating income.

 The following table shows a summary analysis of NII on a fully taxable
equivalent (FTE) basis. For analytical purposes and throughout this discussion, yields, rates, and measurements such as NII, net interest
spread, and net yield on interest earning assets are presented on an FTE basis. The FTE NII shown in both tables below will exceed the
NII reported on the consolidated statements of income, which is not shown on an FTE basis.

 Net Interest Income

 Year ended December 31,

 2024

 2023

 $

 $

 Total interest income

 92,868

 77,877

 Total interest expense

 36,127

 23,838

 Net interest income

 56,741

 54,039

 Tax equivalent adjustment

 Net interest income

 (fully taxable equivalent)

 57,084

 54,672

 NII is the difference between interest income earned on assets and interest
expense incurred on liabilities. Accordingly, two factors affect NII:

 The rates charged on interest earning assets and paid on interest bearing liabilities

 The average balance of interest earning assets and interest bearing liabilities

 NII is impacted by yields earned on assets and rates paid on liabilities.
With the rapid increase in market rates during 2022 and 2023, asset yields increased, but rates paid on deposits and borrowings increased
at a faster pace.

 As the Federal Reserve began lowering overnight rates in 2024, asset yields did not decline as quickly and the Corporation
managed liability rates well, moderating the negative impact on net interest margin.

 As a result of a larger balance sheet in 2024, with higher asset yields,
the Corporation's NII on a tax equivalent basis increased significantly and the Corporation's margin decreased marginally
to 2.87% for year ended December 31, 2024, compared to 2.94% in 2023. Loan and investment yields were higher in 2024 due to the Fed rate
increases in prior years that offset the decline in variable rate pricing. The rate on interest-bearing liabilities increased at a faster
pace resulting in the margin compression. The Corporation's NII on a tax equivalent basis in 2024 increased over 2023, by $2,412,000,
or 4.4%.

 The Corporation's overall cost of funds increased during 2024 with
higher core deposit interest rates as well as time deposit rates. Customer behavior changed during 2023 and 2024 as well with balances
moving out of non-interest bearing accounts in 2023 into higher cost accounts like time deposits in 2024. The average balance and interest
rates of borrowings was higher in 2024 compared to 2023, resulting in higher interest expense. The Corporation now carries a total of
$40 million of subordinated debt that was issued at the holding company; $20 million beginning on December 30, 2020, at a rate of 4.00%,
and $20 million beginning on July 22, 2022, at a rate of 5.75%.

 The following table provides an analysis of year-to-year changes in net
interest income by distinguishing what changes were a result of average balance increases or decreases and what changes were a result
of interest rate increases or decreases.

 RATE/VOLUME ANALYSIS OF CHANGES IN NET INTEREST INCOME

 (TAXABLE EQUIVALENT BASIS, DOLLARS IN THOUSANDS)

 2024 vs. 2023

 Increase (Decrease)

 Due To Change In

 Net

 Interest

 Increase

 Balances

 Rates

 (Decrease)

 $

 $

 $

 INTEREST INCOME

 Interest on deposits at other banks

 1,144

 1,293

 Securities available for sale:

 Taxable

 1,519

 1,896

 Tax-exempt

 (186
)

 (244
)

 (430
)

 Total securities

 1,275

 1,466

 Loans

 5,003

 6,782

 11,785

 Total interest income

 6,416

 8,285

 14,701

 INTEREST EXPENSE

 Deposits:

 1,870

 2,189

 Savings deposits

 (49
)

 (38
)

 6,408

 3,089

 9,497

 6,678

 4,970

 11,648

 Borrowings:

 Total borrowings

 Total interest expense

 6,815

 5,474

 12,289

 NET INTEREST INCOME

 (399
)

 2,811

 2,412

 In 2024, the Corporation's NII on an FTE basis increased by $2,412,000,
a 4.4% increase over 2023. Total interest income increased $14,701,000, or 18.7%, while interest expense increased $12,289,000, or 51.6%,
from 2023 to 2024. The FTE interest income from the securities portfolio increased by $1,466,000, or 9.5%, while loan interest income
increased $11,785,000, or 19.2%. During 2024, additional loan volume added $5,003,000 to net interest income, and higher yields primarily
due to the higher interest rate environment, caused a $6,782,000 increase.

 Larger balances in the securities portfolio caused an increase
of $191,000 in net interest income, while higher yields on securities caused a $1,275,000 increase, resulting in a net increase of $1,466,000.

 The average balance of interest bearing liabilities increased by 11.2%
during 2024, driven by the growth in deposit and borrowings balances. Deposit balances and rates increased in 2024 causing a significant
increase in interest expense. Higher balances contributed to $6,678,000 of increased interest expense while higher rates caused $4,970,000
of increased expense, resulting in a total increase in interest expense of $11,648,000.

 Interest-bearing demand deposits repriced at a slower pace in 2024 but
did cause an increase in interest expense due to the quantity of accounts and balances that were adjusted. Demand deposit interest expense
increased a total of $2,189,000 in 2024, with $1,870,000 due to higher rates, while higher balances caused an increase of $319,000. Lower
balances in savings accounts caused a decrease of $49,000, while higher rates caused an increase of $11,000, resulting in the net decrease
in interest expense of $38,000 on savings deposits. Time deposit balances increased rapidly throughout 2024, resulting in higher interest
expense of $6,408,000, while higher rates caused an increase of $3,089,000, resulting in a net increase of $9,497,000.

 The average balance of total borrowings increased by $4,775,000, or 3.5%,
from December 31, 2023, to December 31, 2024. The increase in total borrowings increased interest expense by $137,000. Higher rates on
borrowings resulted in higher interest expense of $504,000. The aggregate of these amounts was an increase in interest expense of $641,000
related to total borrowings.

 The following table shows a more detailed analysis of net interest income
on an FTE basis shown with all the major elements of the Corporation's balance sheet, which consists of interest earning and non-interest
earning assets and interest bearing and non-interest bearing liabilities. Additionally, the analysis provides the net interest spread
and the net yield on interest earning assets. The net interest spread is the difference between the yield on interest earning assets and
the interest rate paid on interest bearing liabilities. The net interest spread has the deficiency of not giving credit for the non-interest
bearing funds and capital used to fund a portion of the total interest earning assets. For this reason, management emphasizes the net
yield on interest earning assets, also referred to as the net interest margin (NIM). The NIM is calculated by dividing net interest income
on an FTE basis into total average interest earning assets. The NIM is generally the benchmark used by analysts to measure how efficiently
a bank generates NII.

 COMPARATIVE AVERAGE BALANCE SHEETS AND NET INTEREST INCOME

 (TAXABLE EQUIVALENT BASIS, DOLLARS IN THOUSANDS)

 2024

 2023

 Yield/

 Yield/

 Interest

 Rate

 Interest

 Rate

 $

 $

 %

 $

 $

 %

 ASSETS

 Interest earning assets:

 Federal funds sold and

 deposits at other banks

 50,416

 2,182

 4.33

 23,620

 3.77

 Securities available for sale:

 Taxable

 384,625

 14,045

 3.65

 373,311

 12,149

 3.25

 Tax-exempt

 150,659

 2,917

 1.94

 159,842

 3,347

 2.09

 Total securities (d)

 535,284

 16,962

 3.17

 533,153

 15,496

 2.91

 Loans (a)

 1,394,437

 73,308

 5.26

 1,293,734

 61,522

 4.76

 8,918

 8.51

 7,950

 7.57

 Total interest earning assets

 1,989,055

 93,211

 4.69

 1,858,457

 78,510

 4.23

 Non-interest earning assets (d)

 52,515

 41,184

 Total assets

 2,041,570

 1,899,641

 LIABILITIES &

 STOCKHOLDERS' EQUITY

 Interest bearing liabilities:

 500,739

 14,139

 2.82

 488,008

 11,950

 2.45

 287,709

 0.10

 337,659

 0.10

 372,087

 15,989

 4.30

 208,320

 6,492

 3.12

 Borrowed funds

 141,018

 5,712

 4.05

 136,243

 5,072

 3.72

 Total interest bearing liabilities

 1,301,553

 36,127

 2.78

 1,170,230

 23,838

 2.04

 Non-interest bearing liabilities:

 600,567

 615,169

 Other

 13,164

 11,413

 Total liabilities

 1,915,284

 1,796,812

 Stockholders' equity

 126,286

 102,829

 Total liabilities & stockholders' equity

 2,041,570

 1,899,641

 Net interest income (FTE)

 57,084

 54,672

 Net interest spread (b)

 1.91

 2.19

 Effect of non-interest bearing funds

 0.96

 0.75

 Net yield on interest earning assets (c)

 2.87

 2.94

 (a)

 Includes balances of non-accrual loans and the recognition of any related interest income. Average balances also include net
deferred loan costs of $2,000,000 in 2024 and $2,478,000 in 2023. Such fees recognized through income and included in the interest amounts
totaled ($115,000) in 2024 and ($366,000) in 2023.

 (b)

 Net interest spread is the arithmetic difference between the yield on interest earning assets and the rate paid on interest bearing liabilities.

 (c)

 Net yield, also referred to as net interest margin, is computed by dividing net interest income (FTE) by total interest earning assets.

 (d)

 Securities recorded at amortized cost. Unrealized holding gains and losses are included in non-interest earning assets.

 Provision for Credit Losses

 The provision for credit losses includes a provision for losses on loans,
available-for-sale debt securities, and unfunded loan commitments. The provision provides for losses inherent in the financial assets
as determined by a quarterly analysis and calculation of various factors related to the financial assets. The amount of the provision
reflects the adjustment management determines necessary to ensure the Allowance for Credit Losses (ACL) is adequate to cover any losses
inherent in the financial assets. The Corporation recorded a provision expense of $1,017,000 for credit losses related to loans, a credit
provision of $2,000 related to unfunded commitments, and $0 related to available-for-sale debt securities for the year ended December
31, 2024, compared to $315,000 related to loans, $205,000 for unfunded commitments, and $0 related to available-for-sale debt securities
for the year ended December 31, 2023. The provision expense was higher in 2024 due to the Corporation's growth in the loan portfolio
as well as slightly higher levels of delinquent, non-accrual, and classified loans. As of December 31, 2024, the allowance as a percentage
of total loans was 1.13%, compared to 1.12% at December 31, 2023.

 Management continues to evaluate the allowance for credit losses in relation
to the growth or decline of the loan portfolio and its associated credit risk, and believes the provision and the allowance for credit
losses are adequate to provide for future losses. For further discussion of the calculation, see the "Allowance for Credit Losses"
section.

 Other Income

 Other income for 2024 was $18,130,000, an increase of $5,431,000, or 42.8%,
compared to the $12,699,000 earned in 2023. The following table details the categories that comprise other income.

 OTHER INCOME

 2024 vs. 2023

 2024

 2023

 Increase (Decrease)

 $

 $

 $

 %

 Trust and investment services

 3,665

 2,883

 27.1

 Service fees

 5,864

 4,746

 1,118

 23.6

 Commissions

 4,076

 3,618

 12.7

 Net (losses) gains on debt and equity securities

 (1,496
)

 1,655

 (110.6
)

 Gains on sale of mortgages

 1,826

 1,059

 138.1

 Earnings on bank-owned life insurance

 1,259

 31.4

 Other miscellaneous income

 1,281

 1,223

 4.7

 Total other income

 18,130

 12,699

 5,431

 42.8

 Trust and investment services income increased by 27.1% from 2023 to 2024
primarily as a result of higher income on the trust services side which increased by $648,000, or 31.6%. This increase was due to new
assets under management as well as gains resulting from the sale of a limited number of specific trust assets during 2024. Service charges
on deposit accounts increased by $1,118,000, or 23.6% compared to the prior year, primarily as a result of higher fees on an off balance
sheet sweep product, higher account analysis fees, and higher foreign ATM fees. Commissions increased $458,000, or 12.7%, for 2024 compared
to the prior year as a result of higher debit card interchange fees. Gains on debt and equity securities were $159,000 in 2024, compared
to losses of $1,496,000 in 2023. The losses in 2023 were driven by the strategic sale of some investments in order to fund much higher
yielding loan growth. Mortgage gains were higher in 2024, by $1,059,000, or 138.1%, due to the strategic decision to generate more fixed-rate
mortgages that could be sold on the secondary market. Mortgage originations in 2023 were primarily in the form of adjustable-rate mortgages
held on the Corporation's balance sheet. Earnings on bank-owned life insurance (BOLI) increased by $301,000, or 31.4%, year-over-year
primarily attributed to a BOLI death benefit recorded during 2024. The Corporation purchased and is the beneficiary of all BOLI policies
taken out on a group of its former directors and current and former officers.

 Operating Expenses

 Operating expenses for 2024 were $55,231,000, an increase of $3,824,000,
or 7.4%, compared to $51,407,000 in 2023. The following table provides details of the Corporation's operating expenses for the last
two years along with the percentage increase or decrease compared to the previous year.

 OPERATING EXPENSES

 2024 vs. 2023

 2024

 2023

 Increase (Decrease)

 $

 $

 $

 %

 Salaries and employee benefits

 34,043

 30,152

 3,891

 12.9

 Occupancy expenses

 3,333

 3,259

 2.3

 Equipment expenses

 1,298

 1,302

 (4
)

 (0.3
)

 Advertising & marketing expenses

 1,152

 1,404

 (252
)

 (17.9
)

 Computer software & data processing expenses

 6,264

 6,891

 (627
)

 (9.1
)

 Shares tax

 1,376

 1,167

 17.9

 Professional services

 3,277

 3,198

 2.5

 Other operating expenses

 4,488

 4,034

 11.3

 Total operating expenses

 55,231

 51,407

 3,824

 7.4

 Salaries and employee benefits are the largest category of operating expenses.
For the year 2024, salaries and benefits increased $3,891,000, or 12.9%, compared to 2023. The increase in salary costs was due to additions
to staff as well as increasing costs to fill empty positions due to the competitive job market. In addition, the Corporation recorded
an accrual for incentive payout to its employees in 2024 which was $1,759,000 higher than incentive payout costs accrued in 2023. Occupancy
and equipment expenses combined did not change materially from the prior year. Advertising and marketing expenses decreased by $252,000,
or 17.9%. Computer software and data processing expenses decreased by $627,000, or 9.1%, from 2023 to 2024, as a result of higher costs
in 2023 related to a debit card conversion that resulted in contract breakage fees. Shares tax expense is based on the Corporation's
level of shareholders' equity from the prior year and has increased by $209,000, or 17.9%, year-over-year commensurate with the
increase in shareholders' equity from 2023 to 2024. Professional services expenses only increased nominally, and other operating
expenses increased by $454,000, or 11.3%, year-over-year primarily as a result of higher amounts of amortization related to mortgage servicing
rights and higher levels of charitable contributions.

 Income Taxes

 Nearly all of the Corporation's income is taxed at a corporate rate
of 21% for Federal income tax purposes. The Corporation is also subject to Pennsylvania Corporate Net Income Tax; however, very limited
taxable activity is conducted at the corporate level. The Corporation's wholly owned subsidiary, Ephrata National Bank, is not subject
to state income tax, but does pay Pennsylvania Bank Shares Tax. The Bank Shares Tax expense appears on the Corporation's Consolidated
Statements of Income under operating expenses.

 Certain items of income are not subject to Federal income tax, such as
tax-exempt interest income on loans and securities, and increases in the cash surrender value of bank-owned life insurance; therefore,
the effective income tax rate for the Corporation is lower than the stated tax rate. The effective tax rate is calculated by dividing
the Corporation's provision for income tax by the pre-tax income for the applicable period.

 For the year ended December 31, 2024, the
Corporation recorded a tax provision of $3,308,000, compared to $2,436,000 for 2023.
This increase in tax expense can be attributed to higher levels of taxable income. The effective tax rate for the Corporation was
17.8% for 2024 and 16.4% for 2023. The Corporation's effective tax rate is lower than the 21% corporate rate as a result of tax-free
assets that the Corporation holds on its balance sheet. The majority of the Corporation's tax-free assets are in the form of obligations
of states and political subdivisions, referred to as municipal bonds. The Corporation also has a relatively small component of tax-free
municipal loans.

 Financial Condition

 Balance Sheet Overview and Liquidity

 The Corporation maintains liquid assets
at adequate levels in order to meet the needs of our balance sheet. Our primary source of liquidity is core deposits and our available-for-sale
investment portfolio both of which provide more than enough liquidity to fund loans to customers and any other funding needs.

 A portion of our liquidity consists of
cash and cash equivalents and borrowings. At December 31, 2024, cash and cash equivalents amounted to $68.9 million,
a decrease of $20.1 million, or 22.6%, from balances at December 31, 2023. Our primary sources of cash are principal repayments on loans,
proceeds from the sales, calls, and maturities of investment securities, principal repayments of mortgage-backed securities and asset-backed
securities, and increases in deposit accounts. As of December 31, 2024, we had borrowings outstanding from the FHLB of
$143.8 million and subordinated debt of $39.7 million.

 At December 31, 2024, the Corporation had
$591.8 million in loan commitments outstanding, which included $64.9 million in firm loan commitments, $510.5 million in unused lines
of credit, and open letters of credit of $15.8 million. Certificates of deposit due within one year totaled $330.2 million, or 76.5% of
certificates of deposit. The Corporation believes, based on past experience that a significant portion of certificates of deposit will
remain at the Corporation upon maturity and ample liquidity exists outside of these funds. We have the ability to attract and retain deposits
by adjusting the interest rates offered.

 As reported in the Consolidated Statements
of Cash Flows, our cash flows are classified for financial reporting purposes as operating, investing or financing cash flows. Net cash
provided by operating activities was $15.8 million and $30.1 million for the years ended December 31, 2024 and 2023, respectively. Net
cash used for investing activities was $237.9 million and $90.3 million in fiscal years 2024 and 2023, respectively, reflecting our loan
and investment security activities in the respective periods. Cash provided by financing activities amounted to $202.0 million and $111.6
million for years ended December 31, 2024 and 2023, respectively primarily representing increases in our core deposits throughout the
year.

 Investment Securities

 The Corporation classifies all of its debt securities as available for
sale and reports the portfolio at fair market value. As of December 31, 2024, the Corporation had $626.1 million of debt and equity
securities, compared to $469.0 million at December 31, 2023.

 In the third quarter of 2024, the Corporation adopted an investment strategy
to add $200 million of investments, both agency and non-agency collateralized mortgage obligations consistent with investment policy credit
quality parameters, in order to protect interest income in a rising rate environment. The goal of this strategy was to reduce
the interest rate risk that management believes was necessary to address the Corporation's long-term fixed rate assets. The
Corporation paired the investments with off-balance sheet pay-fixed interest rate swaps to mitigate the identified rates-up risk. The
leverage strategy was funded primarily by callable brokered certificates of deposit and a small portion of short-term FHLB borrowings.
The funding was chosen to allow for maximum flexibility to protect against rates-down risk. With this strategy, the Corporation
has the ability to call the brokered CDs and replace at lower market rates, or unwind the swaps and offset with gains on the investments.

 Outside of the strategy discussed above, the largest movements within the
securities portfolio were shaped by market factors, such as:

 slope of the U.S. Treasury curve and projected forward rates

 interest spread versus U.S. Treasury rates on the various securities

 pricing of the instruments, including supply and demand for the product

 structure of the instruments, including duration and average life

 portfolio weightings versus policy guidelines

 prepayment speeds on mortgage-backed securities and collateralized mortgage obligations

 credit risk of each instrument and risk-based capital considerations

 Federal income tax considerations with regard to obligations of tax-free states and political subdivisions.

 The Corporation's U.S. Treasury sector and U.S. government agency
sectors stayed relatively flat since December 31, 2023. U.S. Treasuries represent a safe credit at a market appropriate yield which added
some diversity to the portfolio. These bonds pay monthly principal and interest and the Corporation has invested into this sector in conjunction
with the strategy discussed above. The Corporation began investing in non-agency MBS and CMO instruments in 2022 as a way to achieve a
higher yield with bonds that are well protected from a credit standpoint. As of December 31, 2024, this sector stood at $145.2 million,
an increase of $89.0 million year over year. The increase in this sector was also primarily related to the strategy discussed previously.
There were no concentrations of issuers greater than 10% of the securities portfolio.

 The Corporation's asset-backed securities (ABS) decreased since December
31, 2023, by $8.0 million, or 12.3%. ABS are floating rate student loan pools which are instruments that perform well in a rates-up environment
and offset the interest rate risk of the longer fixed-rate municipal bonds. These securities provide a variable rate return above the
overnight Federal funds rate in a safe investment with a risk rating very similar to that of U.S. Agency bonds. The asset-backed securities
generally provide monthly principal and interest payments to complement the Corporation's ongoing cash flows. Management views the
ABS sector as a safe, higher yielding option than cash, with the qualities of cash in a rates-up environment.

 Obligations of states and political subdivisions, or municipal bonds, consist
of both tax-free and taxable securities. They carry the longest duration on average of any instrument in the securities portfolio but
have a higher yield because of the longer interest rate risk. These instruments also experience significant fair market value gains and
losses when interest rates decrease and increase. The Corporation sold some municipal bonds early in 2024 recognizing that the earn-back
period would be within the same calendar year due to the higher yield of the replacement assets. As a result, the portfolio declined by
$8.9 million, or 4.8% from December 31, 2023, to December 31, 2024. Municipal bonds represented 29.0% of the debt securities portfolio
as of December 31, 2024, compared to 40.8% as of December 31, 2023. The largest geographical concentrations as of December 31, 2024, were
obligations of states and political subdivisions located in the states of Pennsylvania and California.

 As of December 31, 2024, the Corporation's corporate bonds decreased
by $1.9 million, or 3.5%, from balances at December 31, 2023. Corporate bonds add diversity to the portfolio and provide strong yields
for short maturities; however, by their very nature, corporate bonds carry a higher level of credit risk should the entity experience
financial difficulties. The fair value of corporate bonds decreased primarily as a result of maturing bonds during 2024.

 The following table presents investment securities at December 31, 2024
by maturity, and the weighted average yield for each maturity presented. Actual maturities may differ from contractual maturities because
of prepayment or call options embedded in the securities. The yields presented are calculated using tax-equivalent interest and the amortized
cost.

 SECURITIES PORTFOLIO MATURITY ANALYSIS

 Within

 1 - 5

 5 - 10

 Over 10

 1 Year

 Years

 Years

 Years

 Total

 %

 %

 %

 %

 %

 $

 Yield

 $

 Yield

 $

 Yield

 $

 Yield

 $

 Yield

 5,000

 1.20

 14,900

 1.40

 —

 —

 —

 —

 19,900

 1.35

 3,000

 0.68

 16,400

 0.79

 —

 —

 —

 —

 19,400

 0.78

 2.54

 25,049

 2.05

 12,489

 3.66

 2.96

 38,000

 2.59

 2.55

 17,840

 1.91

 97,474

 4.63

 —

 —

 116,272

 4.20

 Non Agency MBS/CMO

 2,464

 6.15

 30,679

 5.79

 58,496

 4.95

 60,457

 4.50

 152,096

 4.96

 3,827

 6.53

 24,815

 5.69

 28,901

 5.89

 —

 —

 57,543

 5.85

 4,999

 2.64

 36,774

 1.65

 15,650

 3.89

 —

 —

 57,423

 2.35

 1,269

 2.66

 37,164

 1.86

 80,370

 1.97

 84,241

 2.04

 203,044

 1.98

 Total securities available for sale

 21,717

 3.12

 203,621

 2.79

 293,380

 4.01

 144,960

 3.07

 663,678

 3.40

 Loans

 Net loans outstanding increased $66.2 million, or 4.9%, from $1.34 billion
at December 31, 2023, to $1.41 billion at December 31, 2024. All loan categories showed an increase in balances over the prior period.
The Corporation's strategic plan specifically focused on managed loan growth while maintaining quality of credit standards. This
focus resulted in loan growth across all loan segments in 2024.

 Agriculture loans increased to $289.3 million at December 31, 2024, from
$257.3 million at December 31, 2023. Business loans increased by $6.6 million at December 31, 2024 from $354.3 million at December 31,
2023.

 Consumer loans not secured by real estate represent a very small portion
of the Corporation's loan portfolio, at $6.6 million as of December 31, 2024, and $6.4 million as of December 31, 2023. These loans
consist of personal loans, automobile loans, and other consumer-related loans. Home Equity loans increased by $11.2 million during 2024
from $107.2 million at December 31, 2023.

 Non-Owner Occupied CRE loans increased by $1.2 million during 2024, from
$135.1 million at December 31, 2023. The Non-Owner Occupied CRE loans are further segmented by property type with the largest concentration
in Other Commercial representing 19.3% of total Non-Owner Occupied CRE loans outstanding. Office Space loans represent only 5.6% of total
Non-Owner Occupied CRE loans outstanding and Retail Center loans represent 7.8% of total Non-Owner Occupied CRE loans outstanding. There
is no significant single concentration in this category of loans.

 The Residential Real Estate category represents the largest group of loans
for the Corporation. The Residential Real Estate category of total loans increased from $497.6 million on December 31, 2023, to $514.1
million on December 31, 2024. This category includes closed-end fixed rate or adjustable rate residential real estate loans secured by
1-4 family residential properties, including first and junior liens. The majority of held for investment mortgage growth in 2024 was related
to an increase in construction loan balances and adjustable rate mortgages. The Corporation also strategically generated more fixed-rate
mortgages during 2024 that were sold on the secondary market resulting in higher levels of gains on mortgages sold.

 The following tables show the maturities for the loan portfolio as of December
31, 2024, by time frame for the major categories, and also the loans, which are floating or fixed, maturing after one year.

 LOAN MATURITIES

 Due After

 Due After

 One Year

 Five Years

 Due in One

 Through

 Through

 Due After

 Year or Less

 Five Years

 15 Years

 15 Years

 Total

 $

 $

 $

 $

 $

 5,100

 39,675

 84,555

 159,954

 289,284

 6,884

 95,755

 108,993

 149,173

 360,805

 4,725

 1,025

 6,603

 5,310

 23,204

 89,607

 118,329

 12,557

 18,865

 48,074

 56,802

 136,298

 9,171

 9,263

 46,340

 449,346

 514,120

 Total amount due

 34,207

 173,593

 311,732

 905,907

 1,425,439

 FIXED AND FLOATING RATE LOANS DUE AFTER ONE YEAR

 Floating or

 Fixed Rates

 Adjustable Rates

 Total

 $

 $

 $

 19,213

 264,971

 284,184

 81,290

 272,631

 353,921

 3,443

 2,873

 6,316

 26,761

 91,360

 118,121

 27,106

 96,635

 123,741

 151,033

 353,916

 504,949

 Total amount due

 308,846

 1,082,386

 1,391,232

 The majority of the Corporation's fixed-rate loans have a maturity
date longer than five years. The primary reason for the longevity of the portfolio is the high percentage of real estate loans, which
typically have maturities of 15 or 20 years. Out of all the loans due after one year, $308.8 million, or 22.2%, are fixed-rate loans as
of December 31, 2024. These loans will not reprice to a higher or lower interest rate unless they mature or are refinanced by the borrower.
The remaining $1,082.4 million, or 77.8% of loans due after one year, are made up of loans that are true floating loans and loans that
will reprice at a predetermined time in the amortization of the loan. True floating rate loans that would immediately reprice according
to changes in the Prime rate are favorable in reducing the Corporation's total exposure to interest rate risk and fair value risk
should interest rates increase.

 For more details regarding how the length of the loan portfolio and its
repricing affects interest rate risk, please see Item 7A Quantitative and Qualitative Disclosures about Market Risk.

 Non-Performing Assets

 Non-performing assets include:

 Non-accrual loans

 Loans past due 90 days or more and still accruing

 Other real estate owned

 NON-PERFORMING ASSETS

 2024

 2023

 $

 $

 Non-accrual loans

 2,758

 Loans past due 90 days or more and still accruing

 —

 Total non-performing loans

 3,277

 Other real estate owned

 —

 —

 Total non-performing assets

 3,277

 Non-accrual loans to total loans

 0.83%

 0.20%

 Non-performing loans to total loans

 0.83%

 0.24%

 Allowance for credit losses to total loans

 1.13%

 1.12%

 Allowance for credit losses to non-accrual loans

 135.63%

 550.25%

 Allowance for credit losses to non-performing loans

 135.63%

 463.11%

 Non-performing assets increased by $8,610,000, or 262.7%, from December
31, 2023, to December 31, 2024, primarily due to a number of unrelated relationships experiencing payment defaults. The primary reason
for the increase in non-accrual loans was the addition of a commercial loan relationship with balances of $3.8 million, a residential
mortgage loan in the amount of $1.1 million, another residential mortgage loan in the amount of $808,000, two agriculture mortgages in
the amount of $1.3 million, and a number of other much smaller loan relationships. The Corporation has taken a more disciplined approach
to classifying loans as non-accrual when they hit 90 days past due which is why there are no loans at December 31, 2024, that are 90 days
or more past due. While non-performing asset balances have increased in 2024, the Corporation's total level of non-performing assets
is in line with its peer group.

 Management continues to monitor delinquency trends and the level of non-performing
loans as a leading indicator of future credit risk. At this time, management believes that the potential for material losses related to
non-performing loans remains low but is likely to trend higher in recessionary periods. The level of the Corporation's non-performing
loans remains low relative to the size of the portfolio and relative to peers.

 As of December 31, 2024 and 2023, the Corporation had no properties classified
as other real estate owned (OREO). Expenses related to OREO are included in other operating expenses and gains or losses on the sale of
OREO are included in other income on the Consolidated Statements of Income.

 Allowance for Credit Losses

 The allowance for credit losses is established to cover any losses inherent
in the loan portfolio. Management reviews the adequacy of the allowance each quarter based upon a detailed analysis and calculation of
the allowance for credit losses. This calculation is based upon a systematic methodology for determining the allowance for credit losses
in accordance with U.S. generally accepted accounting principles. The calculation includes estimates and is based upon losses inherent
in the loan portfolio.

 The calculation, and detailed analysis supporting it, emphasizes the level
of delinquent, non-performing and classified loans. The allowance calculation includes specific provisions for non-performing loans and
general allocations to cover anticipated losses on all loan types based on historical losses. Based on the quarterly credit loss calculation,
management will adjust the allowance for credit losses through the provision as necessary. Changes to the allowance for credit losses
during the year are primarily affected by three events:

 Charge off of loans considered not recoverable

 Recovery of loans previously charged off

 Provision for credit losses

 The Corporation's strong credit and collateral policies have been
instrumental in producing a favorable history of loan losses. In recent years, the Corporation has primarily recorded provision expenses
in order to account for the growth in the loan portfolio as well as make adjustments for increasing levels of delinquencies and classified
loans.

 The Net Charge-Off table below shows the net charge-offs for each segment
of the Corporation's loan portfolio as of December 31, 2024 and December 31, 2023.

 Net Charge-Offs

 2024

 2023

 $

 $

 Loans charged-off:

 —

 Total loans charged-off

 Recoveries of loans previously charged-off

 —

 —

 Total recoveries

 Net charge-offs (recoveries)

 (71
)

 (6
)

 (11
)

 —

 (8
)

 Total net charge-offs (recoveries)

 (30
)

 Average loans outstanding

 272,220

 246,124

 363,051

 347,473

 6,551

 5,011

 114,187

 102,895

 131,604

 125,042

 510,999

 455,199

 Total average loans outstanding

 1,398,612

 1,281,744

 Net charge-offs (recoveries) as a % of average loans outstanding

 0.01%

 (0.03%
)

 0.00%

 0.00%

 0.79%

 1.20%

 0.00%

 0.00%

 0.00%

 0.00%

 0.00%

 0.00%

 Total net charge-offs as a % of average loans outstanding

 0.01%

 0.00%

 The following table provides the allocation of the Corporation's
allowance for credit losses by major loan classifications.

 The percentage of allowance indicates the percentage of the total allowance
and the percentage of loans indicates the percentage of the loan portfolio represented by the indicated loan type as of December 31, 2024
and December 31, 2023.

 ALLOCATION OF RESERVE

 2024

 2023

 % of

 % of

 % of

 % of

 $

 Allowance

 Loans

 $

 Allowance

 Loans

 3,303

 20.5

 20.3

 3,106

 20.5

 19.0

 3,234

 20.1

 25.3

 2,684

 17.7

 26.1

 2.0

 0.5

 2.3

 0.5

 2,644

 16.4

 8.3

 2,341

 15.4

 7.9

 5.8

 9.5

 5.4

 10.0

 5,681

 35.2

 36.1

 5,872

 38.7

 36.5

 Total allowance for credit losses

 16,122

 100.0

 100.0

 15,176

 100.0

 100.0

 Deposits

 The Corporation's total ending deposits at December 31, 2024, increased
by $163.6 million, or 9.5%, from December 31, 2023. Customer deposits are the Corporation's primary source of funding for loans
and securities. Deposit balances grew rapidly in 2022 and prior years due to the very low interest rate environment and the few options
available for customers to earn a return on their investment. During 2024, the Corporation grew core deposits at a slower pace due to
the rapidly rising rate environment and the financial/product options available to customers.

 The Deposits by Major Classification table, shown below, provides the average
balances of each category for December 31, 2024 and December 31, 2023.

 DEPOSITS BY MAJOR CLASSIFICATION

 Average balances and average rates paid on deposits
by major category are summarized as follows:

 2024

 2023

 $

 %

 $

 %

 Non-interest bearing demand

 600,567

 —

 615,169

 —

 Interest-bearing demand

 342,043

 3.22

 324,752

 2.83

 Money market deposit accounts

 158,696

 1.96

 163,256

 1.69

 287,709

 0.10

 337,659

 0.10

 372,086

 4.30

 208,320

 3.12

 1,761,101

 1,649,156

 The average balance of the Corporation's core deposits
decreased by $51.8 million, or 3.6%, from December 31, 2023, to December 31, 2024. Non-interest bearing demand accounts decreased by $14.6
million, or 2.4%, and are the Corporation's cheapest source of funding for balance sheet growth. Interest-bearing demand accounts
grew by $17.3 million, or 5.3%. Money market account average balances decreased by $4.6 million, or 2.8%, and savings accounts decreased
by $49.9 million, or 14.8%, from December 31, 2023, to December 31, 2024. Time deposits are typically a more rate-sensitive product making
them a less reliable source of funding. Time deposits fluctuate as consumers search for the best rates in the market, with less allegiance
to any particular financial institution. In 2024, time deposits grew significantly, by $163.8 million, or 78.6%, compared to average balances
at December 31, 2023, due partially to the derivative strategy which funded investment growth primarily with callable brokered CDs.

 As of December 31, 2024, time deposits of $250,000 or more made up 15.4%
of the total time deposits. This compares to 17.2% on December 31, 2023. The total dollar amount of time deposits of $250,000 or more
increased $7.1 million, or 12.0%, from December 31, 2023 to December 31, 2024. Since time deposits of $250,000 or more are made up of
relatively few customers with large dollar accounts, management monitors these accounts closely due to the potential for these deposits
to rapidly increase or decrease. The following table provides the total amount of time deposits of $250,000 or more for the past two years
by maturity distribution.

 MATURITY OF TIME DEPOSITS OF $250,000 OR MORE

 2024

 2023

 $

 $

 Three months or less

 39,025

 6,359

 Over three months through six months

 14,014

 23,297

 Over six months through twelve months

 12,907

 14,013

 Over twelve months

 15,462

 Total

 66,234

 59,131

 As of December 31, 2024 and 2023, the total uninsured deposits of the Corporation
were approximately $227,993,000 and $226,771,000, or 12.1% and 13.1% of total deposits, respectively. Total uninsured deposits is calculated
based on regulatory reporting requirements and reflects the portion of any deposit of a customer at an insured depository institution
that exceeds the applicable FDIC insurance coverage for that depositor at that institution and amounts in any other uninsured investment
or deposit accounts that are classified as deposits and not subject to any federal or state deposit insurance regime.

 Borrowings

 Total borrowings were $183.5 million as of December 31, 2024, and $140.8
million as of December 31, 2023. Short-term borrowings with the Federal Home Loan Bank (FHLB) increased to $60.0 million as of December
31, 2024, with no short-term borrowings at December 31, 2023. Long-term borrowings with the Federal Home Loan Bank (FHLB) decreased to
$83.8 million as of December 31, 2024, from $101.2 million as of December 31, 2023. These borrowings are used as a secondary source of
funding and to mitigate interest rate risk. The increase in short-term FHLB borrowing balances during the year was related to the derivative
strategy discussed above. As of December 31, 2024, all the borrowings of FHLB were fixed-rate loans. The Corporation continues to be well
under the FHLB maximum borrowing capacity which is $714.9 million as of December 31, 2024.

 In addition to the long-term advances funded through the FHLB, the
Corporation previously completed two sales of a subordinated debt note offering. The Corporation sold $20.0 million of subordinated debt
notes in December 2020 with a maturity date of December 30, 2030 and another $20.0 million in July 2022 with a maturity date of September
30, 2032. These notes are non-callable for 5 years and carry a fixed interest rate of 4.00% and 5.75%, respectively, for 5 years and then
convert to a floating rate for the remainder of the term. The notes can be redeemed at par beginning 5 years prior to maturity. The notes
are structured to qualify as Tier 2 capital for the Corporation and any funds it invests in the Bank qualify as Tier 1 capital at the
Bank. As of December 31, 2024, $33.0 million of funds were invested in the Bank. The Corporation paid an issuance fee of 2% that will
be amortized to the call date on a pro-rata basis.

 Stockholders' Equity

 Federal regulatory authorities require banks to meet minimum capital levels.
The Corporation, as well as the Bank, as the solely owned subsidiary of the Corporation, maintains capital ratios well above those minimum
levels. The risk-weighted capital ratios are calculated by dividing capital by total risk-weighted assets. Regulatory guidelines determine
the risk-weighted assets by assigning assets to specific risk-weighted categories. The calculation of tier I capital to risk-weighted
average assets does not include an add-back to capital for the amount of the allowance for credit losses, thereby making this ratio lower
than the total capital to risk-weighted assets ratio.

 The consolidated asset limit on small bank holding companies is $3 billion
and a corporation with assets under that limit is not subject to the consolidated capital rules but may disclose capital amounts and ratios.
The Corporation has elected to disclose those amounts and ratios.

 The following tables reflect the capital ratios for the Corporation and
Bank compared to the regulatory capital requirements.

 REGULATORY CAPITAL RATIOS:

 Regulatory Requirements

 Adequately

 Well

 As of December 31, 2024

 Capital Ratios

 Capitalized

 Capitalized

 Total Capital to Risk-Weighted Assets

 14.6%

 N/A

 N/A

 Bank

 14.4%

 8.0%

 10.0%

 Tier 1 Capital to Risk-Weighted Assets

 10.9%

 N/A

 N/A

 Bank

 13.2%

 6.0%

 8.0%

 Common Equity Tier 1 Capital to Risk-Weighted Assets

 10.9%

 N/A

 N/A

 Bank

 13.2%

 4.5%

 6.5%

 Tier 1 Capital to Average Assets

 7.5%

 N/A

 N/A

 Bank

 9.1%

 4.0%

 5.0%

 As of December 31, 2023

 Total Capital to Risk-Weighted Assets

 14.8%

 N/A

 N/A

 Bank

 14.4%

 8.0%

 10.0%

 Tier I Capital to Risk-Weighted Assets

 10.9%

 N/A

 N/A

 Bank

 13.3%

 6.0%

 8.0%

 Common Equity Tier I Capital to Risk-Weighted Assets

 10.9%

 N/A

 N/A

 Bank

 13.3%

 4.5%

 6.5%

 Tier I Capital to Average Assets

 7.7%

 N/A

 N/A

 Bank

 9.4%

 4.0%

 5.0%

 As of December 31, 2024 the Bank's Tier 1 Leverage Ratio stood at
9.1% while the Corporation's Tier 1 Leverage Ratio was 7.5%. Tier 1 Capital levels at the Corporation level were not impacted by
the subordinated debt issue since subordinated debt only qualifies as Tier 2 Capital at the corporate level. As such, in terms of the
Corporation's regulatory capital ratios, only the Total Capital to Risk-Weighted Assets ratio was enhanced as a result of the $40
million subordinated debt issue. Most of the marked improvement in capital ratios occurred at the Bank level.

 Since the Corporation elected to opt-out of the requirement to include
most components of accumulated other comprehensive income in calculating regulatory capital, the significant devaluation of the investment
portfolio that resulted in a higher level of unrealized losses, has not affected the regulatory capital. However, the changes in investment
unrealized gains and losses do impact tangible capital on the balance sheet on an ongoing basis and was adversely impacted by the dramatic
increase in market interest rates during years prior to 2024.

 Contractual Cash Obligations

 The Corporation has a number of contractual obligations that arise from
the normal course of business. The following table summarizes the contractual cash obligations of the Corporation as of December 31, 2024,
and shows the future periods in which settlement of the obligations is expected. The contractual obligation numbers below do not include
accrued interest. Refer to Note O to the Consolidated Financial Statements referenced in the table for additional details regarding these
obligations.

 CONTRACTUAL OBLIGATIONS

 Less than

 1-3

 4-5

 1 year

 years

 years

 5 years

 Total

 $

 $

 $

 $

 $

 Time deposits (Note F)

 330,172

 19,485

 81,799

 —

 431,456

 Borrowings (Notes G and H)

 75,984

 44,991

 22,847

 183,538

 Operating Leases (Note Q)

 1,582

 2,864

 Total contractual obligations

 406,502

 64,943

 105,115

 41,298

 617,858

 Critical Accounting Policies

 The presentation of financial statements in conformity with accounting
principles generally accepted in the United States of America requires management to make estimates and assumptions that affect many of
the reported amounts and disclosures. Actual results could differ from these estimates.

 Allowance for Credit Losses

 A material estimate that is particularly susceptible to significant change
is the determination of the allowance for credit losses. Management believes that the allowance for credit losses is adequate and reasonable.
The Corporation's methodology for determining the allowance for credit losses is described in an earlier section of Management's
Discussion and Analysis. Given the very subjective nature of identifying and valuing credit losses, it is likely that well-informed individuals
could make materially different assumptions and, therefore, calculate a materially different allowance amount. Management uses available
information to recognize losses on loans; however, changes in economic conditions may necessitate revisions. In addition, various regulatory
agencies, as an integral part of their examination process, periodically review the Corporation's allowance for credit losses. Such
agencies may require the Corporation to recognize adjustments to the allowance based on their judgments of information available to them
at the time of their examination.

 Sensitivity Analysis

 The below table indicates the impact to the allowance for credit losses
on loans if the factors described below were adjusted in the Corporation's CECL model as of December 31, 2024.

 Increase/(Decrease) ($)

 Adjustment Factor

 Economic Forecast

 (1,741)

 If S1 forecasts were used instead of the baseline scenario

 Economic Forecast

 If 80% baseline, 10% S1, and 10% S3 scenarios were used instead of the baseline scenario

 Economic Forecast

 2,563

 If 40/30/30 weighted scenarios were used for baseline/S1/S3

 Economic Forecast

 10,286

 If S3 forecasts were used instead of baseline scenario

 Item 7A. Quantitative and Qualitative Disclosures about Market
Risk

 As a financial institution, the Corporation is subject to four primary
market risks: Credit risk, liquidity risk, interest rate risk, and fair value risk. The Board of Directors has established an Asset Liability
Management Committee (ALCO) to measure, monitor, and manage these four primary market risks. The Asset Liability Policy has instituted
guidelines for all of these primary risks, as well as other financial performance measurements with target ranges. The Asset Liability
goals and guidelines are consistent with the Corporation's Strategic Plan goals.

 For discussion on credit risk, refer to the sections on non-performing
assets, allowance for credit losses, Note C, and Note P to the Consolidated Financial Statements.

 Liquidity

 Liquidity refers to having an adequate supply of cash available to meet
business needs. Financial institutions must ensure that there is adequate liquidity to meet a variety of funding needs, at an advantageous
cost. Funding new loans and covering deposit withdrawals are the primary liquidity needs of the Corporation. The Corporation uses a variety
of funding sources to meet liquidity needs, such as: Deposits, loan repayments, paydowns, maturities, and sales of investment securities,
borrowings, and current earnings.

 One of the measurements used in liquidity planning is the Maturity Gap
Analysis. The Maturity Gap Analysis below measures the amount of assets maturing within various time frames versus liabilities maturing
in those same periods. These time frames are referred to as gaps and are reported on a cumulative basis. For instance, the one-year gap
shows all assets maturing one year or less from a specific date versus the total liabilities maturing in the same time period. The gap
is then expressed as a percentage of assets over liabilities. Mismatches between assets and liabilities maturing are identified and assist
management in determining potential liquidity issues.

 The maturity gap analysis does not include non-interest earning assets
and non-interest bearing liabilities, with the exception of non-interest bearing demand deposit accounts. The non-interest bearing demand
deposits are considered additional deposit liabilities with no associated interest expense, which acts to lower the overall interest rate
paid on total deposits.

 Gap ratios have been relatively stable for the Corporation throughout 2024.
The Corporation's assets are fairly long, with relatively low levels of cash and cash equivalents. Meanwhile the Corporation's
core deposit liabilities continue to model as long liabilities, with the complement of shorter term time deposits increasing significantly
during 2024.

 The size and length of the Corporation's core deposit liabilities
provide the most extension in terms of lengthening the liabilities on the balance sheet. The length of the core deposits is significantly
longer than the Corporation's longest term deposits and wholesale borrowings. As of December 31, 2024, the Corporation had lower
cash levels than at December 31, 2023. In a falling rate environment, having more liabilities maturing than assets is beneficial because
those liabilities can be repriced at lower yields.

 The table below shows the six-month, one-year, three-year, and five-year
cumulative gaps as of December 31, 2024, for the Bank. For the purposes of this analysis, core deposits without a specific maturity date
are spread across all time periods based on historical behavior.

 MATURITY GAP ANALYSIS

 Less than

 6 months

 1 year

 3 years

 Maturity Gap

 6 months

 to 1 year

 to 3 years

 to 5 years

 5 years

 $

 $

 $

 $

 $

 Assets maturing

 281,458

 132,120

 459,391

 376,939

 984,378

 Liabilities maturing

 535,923

 159,654

 156,277

 169,969

 1,027,520

 Maturity gap

 (254,465
)

 (27,534
)

 303,114

 206,970

 (43,142
)

 Cumulative maturity gap

 (254,465
)

 (281,999
)

 21,115

 228,085

 184,943

 Maturity gap %

 52.5%

 82.8%

 294.0%

 221.8%

 95.8%

 Cumulative maturity gap %

 52.5%

 59.5%

 102.5%

 122.3%

 109.0%

 As of December 31, 2024, cumulative maturity gap ratios were on the low side for up to a year indicating that there are more liabilities
maturing in the short time frames than assets. For the six-month time frame, the gap ratio was 52.5% and for the one-year cumulative gap,
the ratio was 59.5%. For one year to three years, the cumulative gap was 102.5%, representing a higher level of asset maturities versus
liabilities. For the three to five-year time frame, the cumulative gap was 122.3%, and for the over five-year time frame, the cumulative
gap was 109.0%. In a rising rate environment, higher gap ratios are beneficial as assets can reprice to the higher rates; conversely,
in a falling rate environment, lower gap ratios are beneficial as liabilities can reprice to lower market rates. Lower gap ratios are
harmful in a rising rate environment as liabilities would potentially be repricing to higher rates faster than assets. Management anticipates
stable deposit and borrowings costs with potential savings on the liability side in 2025 should the Federal Reserve move rates down. Stable
to lower liability costs will result primarily from deposits continuing to reprice down. Management will continue to monitor all gap ratios
to ensure proper positioning for future interest rate cycles. Management believes the probability of future Federal Reserve rate decreases
is possible in 2025, driven by economic factors, although this probability is lower than a few months ago due to uncertainties around
many political and economic issues.

 Management utilizes a number of other important liquidity measurements
that management believes have advantages over, and give better clarity to, the Corporation's present and projected liquidity. These
measurements are evaluated quarterly through the ALCO process. There are a number of key ratios measured that involve liquidity, non-core
funding sources, and contingency funding with each ratio assigned a risk level of low, moderate, or high.

 As of December 31, 2024, the Corporation was in the low-risk range for
all of the above measurements except for three ratios that fell in the moderate-risk range: long term assets to total assets, tangible
equity to total assets, and investment securities as a percentage of total assets. The long term assets to total assets is slightly elevated
due to holding more mortgages on the balance sheet as well as a large amount of longer municipal securities in the investment portfolio
and the derivative strategy undertaken in 2024 that added long-term investments to the balance sheet but coupled them with off balance
sheet interest rate swaps to protect from interest rate risk in the up-rate scenario. The tangible equity to total assets ratio is lower
due to the unrealized losses experienced on the investment portfolio due to the rapid increase in interest rates in 2022 and 2023. The
investment securities as a percentage of total assets has increased as securities were purchased as part of the Corporation's derivative
strategy. While these measurements fall in management's moderate risk level, all of them are related to a specific leverage strategy
and were measured and documented risks that were accepted as part of this strategy.

 The Corporation's liquidity measurements are tracked and reported
quarterly by management to both observe trends and ensure the measurements stay within desired ranges. Management is confident that a
sufficient amount of internal and external liquidity exists to provide for unanticipated liquidity needs.

 Interest Rate Risk and Fair Value Risk

 Identifying the interest rate risk of the Corporation's interest
earning assets and interest bearing liabilities is essential to managing net interest margin and net interest income. In addition to the
impact on earnings, management is also concerned about how much the value of the Corporation's assets might fall or rise given an
increasing or decreasing interest rate environment. Interest rate sensitivity analysis (IRSA) measures the impact of a change in interest
rates on the net interest income and net interest margin of the Corporation, while net portfolio value (NPV) analysis measures the change
in the Corporation's capital fair value, given interest rate fluctuations. Therefore, the two primary approaches to measuring the
impact of interest rate changes on the Corporation's earnings and fair value are referred to as:

 Changes in net interest income

 Changes in net portfolio value

 The Corporation's asset liability model is able to perform dynamic
forecasting based on a wide range of assumptions provided. The model is flexible and can be used for many types of financial projections.
The Corporation uses financial modeling to forecast balance sheet growth and earnings. The results obtained through the use of forecasting
models are based on a variety of factors. Both earnings and balance sheet forecasts make use of maturity and repricing schedules to determine
the changes to the Corporation's balance sheet over the course of time.

 Additionally, there are many assumptions that factor into
the results. These assumptions include, but are not limited to:

 Projected interest rates

 Timing of interest rate changes

 Slope of the U.S. Treasury curve

 Spreads available on securities over the U.S. Treasury curve

 Prepayment speeds on loans held and mortgage-backed securities

 Anticipated calls on securities with call options

 Deposit and loan balance fluctuations

 Competitive pressures affecting loan and deposit rates

 Economic conditions

 Consumer reaction to interest rate changes

 For the interest rate sensitivity analysis and net portfolio value analysis
shown below, results are based on a static balance sheet reflecting no projected growth from balances as of December 31, 2024, and December
31, 2023. While it is unlikely that the balance sheet will not grow at all, management considers a static analysis of this sort to be
the most conservative and most accurate means to evaluate fair value and future interest rate risk. The static balance sheet approach
is used to reduce the number of variables in calculating the model's accuracy in predicting future net interest income. It is appropriate
to pull out various balance sheet growth scenarios, which could be utilized to compensate for a declining margin. By testing the model
using a base model assuming no growth, this variable is eliminated and management can focus on predicted net interest income based on
the current existing balance sheet.

 As a result of the many assumptions, this information should not be relied
upon to predict future results. Additionally, both of the analyses shown below do not consider any action that management could take to
minimize or offset the negative effect of changes in interest rates. These tools are used to assist management in identifying possible
areas of risk in order to address them before a greater risk is posed.

 Changes in Net Interest Income

 The changes in net interest income reflect how much the Corporation's
net interest income would be expected to increase or decrease given a change in market interest rates. The changes in net interest income
shown are measured over a one-year time horizon and assume an immediate rate change on the rate sensitive assets and liabilities. This
is considered the more important measure of interest rate sensitivity due to the immediate effect that rate changes may have on the overall
performance of the Corporation. The following table takes into consideration when financial instruments would most likely reprice and
the duration of the pricing change. It is important to emphasize that the information shown in the table is an estimate based on hypothetical
changes in market interest rates.

 CHANGES IN NET INTEREST INCOME

 2024

 2023

 Policy

 Percentage

 Percentage

 Guidelines

 Change

 Change

 %

 300 basis point rise

 1.4

 (7.0
)

 (20.00
)

 200 basis point rise

 1.6

 (3.8
)

 (16.00
)

 100 basis point rise

 1.5

 (1.6
)

 (12.00
)

 Base rate scenario

 —

 —

 —

 100 basis point decline

 (1.9
)

 (3.2
)

 (12.00
)

 200 basis point decline

 (5.0
)

 (3.0
)

 (16.00
)

 300 basis point decline

 (10.0
)

 (3.3
)

 (20.00
)

 This table shows the effect of an immediate interest rate shock over a one-year period on the Corporation's net interest income.

 Base rate is the Prime rate.

 As of December 31, 2024, the above analysis shows a negative impact to
the Corporation's net interest income in all down rate scenarios and positive impact in all up rate scenarios. The Federal Funds
rate has fluctuated over the past two years, with the Fed raising rates in 2023 to combat inflation and then cutting rates in 2024 as
inflation slowed. The Corporation is now experiencing a leveling off or slight reduction in the cost of funds on the liability side in
pricing its deposits. Net interest income would decrease if rates were lower with the repricing of variable rate loans and securities
moving immediately as Prime moves. The Corporation is asset sensitive in the short-term and in the long-term. The analysis above focuses
on immediate rate movements, referred to as rate shocks, and measured over the course of one year.

 In all rates scenarios, modeled levels of net interest income improved
compared to the results as of December 31, 2023. When rates do go up, most assets with the ability to reprice off a key benchmark rate
will generally reprice by the full amount of the Federal Reserve's rate movement. In the current environment, deposit rate changes
have been slow and steady as the Fed has decreased rates slowly. Asset yields, however, decline at a faster pace which has resulted in
the pressure on net interest income shown above. The analysis above assumes no growth of the Corporation's balance sheet and no
change in the mix of earning assets.

 The assumptions and analysis of interest rate risk are based on historical
experience during varied economic cycles. Management believes these assumptions to be appropriate; however, actual results could vary
significantly. Management uses this analysis to identify trends in interest rate sensitivity and determine if action is necessary to mitigate
asset liability risk.

 Changes in Net Portfolio Value (NPV)

 The change in NPV gives a long-term view of the exposure to changes in
interest rates. The NPV is calculated by discounting the future cash flows to the present value based on current market rates. The NPV
is the mathematical equivalent of the present value of assets minus the present value of liabilities.

 The table below indicates the changes in the Corporation's NPV as
of December 31, 2024 and December 31, 2023. As part of the Asset Liability Policy, the Board of Directors has established risk measurement
guidelines to protect the Corporation against decreases in the NPV and net interest income in the event of the interest rate changes described
below.

 As of December 31, 2024, the Corporation was within guidelines for all
up-rate scenarios but was outside of guidelines for the down-300 basis point rate scenario. The positive impact of higher rates on both
loans and securities was up from December 31, 2023. On the liability side of the Corporation's balance sheet, the value of non-interest
bearing deposit accounts only becomes more and more valuable as interest rates rise, which is reflected in NPV as a decrease in liabilities.
These deposits have always been highly favorable in a rising rate environment as these balances are more valuable to the Corporation.
However, with higher rates on interest bearing checking, NOW, and money market accounts, the benefit of these deposits in a rising rate
environment has declined. As interest rates increase, the discount rate used to value the Corporation's interest bearing accounts
increases, causing a lower net present value. This improves the modeling of the Corporation's fair value risk as the liability amounts
decrease, causing the net present value or fair value of the Corporation's balance sheet to increase. In 2023, deposit growth was
slower and deposit pricing increased resulting in a decline in the benefit in the rising rate scenarios. In 2024, deposit growth was stronger
and deposit pricing was stablized resulting in an increase in the benefit in all the rate scenarios. The much higher complement of long
modeling deposits caused the changes in net portfolio value to be more exaggerated in both the up and down-rate scnenarios as of December
31, 2024 and 2023.

 CHANGES IN NET PORTFOLIO VALUE

 2024

 2023

 Policy

 Percentage

 Percentage

 Guidelines

 Change

 Change

 %

 300 basis point rise

 8.7

 5.0

 (30.00
)

 200 basis point rise

 8.1

 6.0

 (25.00
)

 100 basis point rise

 5.5

 5.0

 (20.00
)

 Base rate scenario

 —

 —

 —

 100 basis point decline

 (8.3
)

 (9.0
)

 (20.00
)

 200 basis point decline

 (21.7
)

 (24.0
)

 (25.00
)

 300 basis point decline

 (41.5
)

 (46.0
)

 (30.00
)

 This table shows the effect of an immediate
interest rate shock on the net portfolio value of the Corporation's assets and liabilities.

 Base rate is the Prime rate.

 The results as of December 31, 2024, indicate that the
Corporation's net portfolio value would experience valuation gains in all up-rate scenarios with a gain of 8.7% in the
rates-up 300 basis point scenario, and gains of 8.1% and 5.5%, in the rates-up 200 and 100 basis point scenarios, respectively. A
valuation gain indicates that the value of the Corporation's assets is declining at a slower pace than the decrease in the
value of the Corporation's liabilities. Even though the Corporation has some longer-term assets such as residential mortgages
and municipal securities which show declines in value as interest rates increase further, the large balances of core deposits more
than offsets this fair value exposure of the longer-term assets.

 The changes in net portfolio value do show exposure in the down-rate scenarios
with the 300 rate scenario that is outside of policy guidelines. A valuation loss indicates that the value of the Corporation's
assets is declining at a faster pace than the decrease in the value of the Corporation's liabilities. Even outside of the interest
rate environment, the Corporation's exposure to valuation changes could change going forward if the mix of the Corporation's
deposits change, which would impact the average life of those deposits.

 Item 8. Financial Statements and Supplementary Data

 The following audited consolidated financial statements are set forth
in this Annual Report of Form 10-K on the following pages:

 Index to Consolidated Financial Statements
 Page

 Report of Independent Registered Public Accounting Firm (PCAOB ID 74)

 Consolidated Balance Sheets

 Consolidated Statements of Income

 Consolidated Statements of Comprehensive Income

 Consolidated Statements of Changes in Stockholders' Equity

 Consolidated Statements of Cash Flows

 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

 To the Stockholders and the Board of Directors of
ENB Financial Corp

 Opinion on the Financial Statements

 We have audited the accompanying consolidated balance
sheets ENB Financial Corp and subsidiaries (the "Company") as of December 31, 2024 and 2023; the related consolidated statements
of income, comprehensive income, changes in stockholders' equity, and cash flows for the years then ended; and the related notes
to the consolidated financial statements (collectively, the financial statements). In our opinion, the financial statements present fairly,
in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and
its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

 Basis for Opinion

 These financial statements are the responsibility
of the Company's management. Our responsibility is to express an opinion on the Company's financial statements based on our
audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are
required to be independent, with respect to the Company, in accordance with U.S. federal securities laws and the applicable rules and
regulations of the Securities and Exchange Commission and the PCAOB.

 We conducted our audits in accordance with the standards
of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform,
an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal
control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal
control over financial reporting. Accordingly, we express no such opinion.

 Our audits included performing procedures to assess
the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond
to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating
the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 Critical Audit Matters

 The critical audit matters communicated below are
matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the
Audit Committee and that: (1) relate to accounts or disclosures that are material to the financial statements; and (2) involve our especially
challenging, subjective, or complex judgments. The communication of critical audit matters does not alter, in any way, our opinion on
the financial statements, taken as a whole, and we are not, by communicating the critical audit matters below, providing separate opinions
on the critical audit matters or on the accounts or disclosures to which they relate.

 Allowance for Credit Losses (ACL)

 Description of the Matter

 The Company's loan portfolio totaled
$1.4 billion as of December 31, 2024, and the associated ACL was $16.1 million. As discussed in Note A and C to the consolidated financial
statements, estimating an appropriate allowance for credit losses requires management to make certain assumptions about expected losses
on loans in the loan portfolio over their remaining contractual life as of the balance sheet date. The allowance for credit losses is
measured on a collective pool basis when similar risk characteristics exist. Loans that do not share similar risk characteristics are
evaluated on an individual basis, at the balance sheet date. The measurement of expected credit losses on collectively evaluated loans
is based on relevant information about past events, including historical experience, current conditions and reasonable and supportable
forecasts that affect the collectability of the amortized cost basis. Management applies qualitative adjustments to reflect the inherent
losses that exist in the loan portfolio at the balance sheet date that are not reflected in the historical loss experience. Qualitative
adjustments are made based upon changes in lending policies and procedures, terms and volume of the loan portfolio, experience, ability,
and depth of management, volume and severity of problem credits, quality and oversight of the credit review system, changes in the underlying
value of collateral, concentrations of credit, and external factors.

 We identified these qualitative adjustments within
the ACL as critical audit matters because they involve a high degree of subjectivity. While the determination of these qualitative adjustments
includes analysis of observable data over the historical loss period, the judgments required to assess the directionality and magnitude
of adjustments is highly subjective. Auditing these complex judgments and assumptions involved especially challenging auditor judgment
due to the nature of audit evidence and the nature and extent of effort required to address these matters.

 How We Addressed the Matter in Our Audit

 The primary procedures we performed to address this
critical audit matter included:

 Testing the design, implementation, and operating
effectiveness of internal controls over the calculation of the allowance for credit losses, including the qualitative factor adjustments.

 Allowance for Credit Losses (ACL) – Qualitative
Factors (Continued)

 How We Addressed the Matter in Our Audit (Continued)

 Testing the completeness and accuracy of the
data inputs used by management as a basis for the qualitative factors by agreeing them to internal and external data sources.

 Testing management's process and evaluating
the reasonableness of their inputs and assumptions by evaluating the reasonableness of the qualitative factor adjustments, including the
magnitude and directional consistency of the adjustments.

 We
have served as the Company's auditor since 2005.

 S.R. Snodgrass, P.C.

 Conshohocken, Pennsylvania

 CONSOLIDATED BALANCE SHEETS

 (DOLLARS IN THOUSANDS, EXCEPT SHARE AND PER
SHARE DATA)

 2024

 2023

 $

 $

 ASSETS

 Cash and due from banks

 7,794

 29,519

 Interest-bearing deposits in other banks

 61,115

 59,477

 Total cash and cash equivalents

 Securities available for sale (at fair value, net of allowance for credit losses of $ 0)

 616,430

 459,569

 Equity securities (at fair value)

 9,710

 9,451

 Loans held for sale

 3,996

 Loans (net of unearned income)

 1,427,269

 1,360,078

 Less: Allowance for credit losses

 16,122

 15,176

 Net loans

 1,411,147

 1,344,902

 Premises and equipment

 27,897

 25,284

 10,789

 8,540

 Bank owned life insurance

 36,014

 35,632

 Other assets

 34,939

 28,098

 Total assets

 2,219,831

 2,000,824

 LIABILITIES AND STOCKHOLDERS' EQUITY

 Liabilities:

 Deposits:

 Noninterest-bearing

 Interest-bearing

 1,258,732

 1,114,830

 1,890,443

 1,726,798

 Short-term borrowings

 —

 Long-term debt

 83,822

 101,228

 Subordinated debt

 39,556

 Other liabilities

 14,866

 13,588

 Total liabilities

 2,088,847

 1,881,170

 Stockholders' equity:

 Common stock, par value $ 0.10

 Shares: Authorized 24,000,000

 Issued 5,739,114 and Outstanding 5,655,270 as of 12/31/24, 5,670,054 as of 12/31/23

 Capital surplus

 3,957

 4,072

 Retained earnings

 162,006

 150,596

 Accumulated other comprehensive loss, net of tax

 ( 34,143
)

)

 Less: Treasury stock cost on 83,844 shares as of 12/31/24 and 69,060 shares as of 12/31/23

 ( 1,410
)

 ( 1,233
)

 Total stockholders' equity

 130,984

 119,654

 Total liabilities and stockholders' equity

 2,219,831

 2,000,824

 CONSOLIDATED STATEMENTS OF INCOME

 (DOLLARS IN THOUSANDS,
EXCEPT SHARE AND PER SHARE DATA)

 2024

 2023

 $

 $

 Interest and dividend income:

 Interest and fees on loans

 73,057

 61,235

 Interest on securities available for sale

 Taxable

 13,490

 11,648

 Tax-exempt

 2,824

 3,001

 Interest on deposits at other banks

 2,183

 Dividend income

 1,314

 1,103

 Total interest and dividend income

 92,868

 77,877

 Interest expense:

 Interest on deposits

 30,414

 18,766

 Interest on borrowings

 5,713

 5,072

 Total interest expense

 36,127

 23,838

 Net interest income

 56,741

 54,039

 Provision for credit losses

 1,015

 Net interest income after provision for credit losses

 55,726

 53,519

 Other income:

 Trust and investment services income

 3,665

 2,883

 Service fees

 5,864

 4,746

 Commissions

 4,076

 3,618

 Losses on sale of debt securities, net

 ( 97
)

 ( 1,371
)

 Gain (losses) on equity securities, net

 ( 125
)

 Gains on sale of mortgages

 1,826

 Earnings on bank-owned life insurance

 1,259

 Other income

 1,281

 1,223

 Total other income

 18,130

 12,699

 Operating expenses:

 Salaries and employee benefits

 34,043

 30,152

 Occupancy

 3,333

 3,259

 Equipment

 1,298

 1,302

 Advertising & marketing

 1,152

 1,404

 Computer software & data processing

 6,264

 6,891

 Shares tax

 1,376

 1,167

 Professional services

 3,277

 3,198

 Other expense

 4,488

 4,034

 Total operating expenses

 55,231

 51,407

 Income before income taxes

 18,625

 14,811

 Provision for federal income taxes

 3,308

 2,436

 Earnings per share of common stock (basic and diluted)

 2.71

 2.19

 Cash dividends paid per share

 0.69

 0.68

 Weighted average shares outstanding

 5,658,146

 5,644,486

 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

 Year ended December 31,

 2024

 2023

 $

 $

 Other comprehensive income (loss), net of tax:

 Securities available for sale not other-than-temporarily impaired:

 Unrealized (losses) gains arising during the period

 ( 33
)

 16,271

 Income tax effect

 ( 3,417
)

 ( 26
)

 12,854

 Reclassification adjustment for losses included in net income

 1,371

 Income tax effect

 ( 20
)

 ( 288
)

 1,083

 Derivative and hedging activities adjustment:

 Changes in unrealized holding gains on derivatives

 —

 Income tax effect

 ( 43
)

 —

 —

 Other comprehensive income, net of tax

 Comprehensive Income

 15,529

 26,312

 CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

 (DOLLARS IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)

 Accumulated

 Other

 Total

 Common

 Capital

 Retained

 Comprehensive

 Treasury

 Stockholders'

 Stock

 Surplus

 Earnings

 Income (Loss)

 Stock

 Equity

 $

 $

 $

 $

 $

 $

 Balances, December 31, 2022

 4,437

 142,677

 ( 48,292
)

 ( 2,061
)

 97,335

 Cumulative effect of adoption of ASU 2016-13

 —

 —

 ( 619
)

 —

 —

 ( 619
)

 —

 —

 —

 —

 Other comprehensive income, net of tax

 —

 —

 —

 —

 Stock-based compensation expense

 —

 —

 —

 —

 Treasury stock purchased - 40,134 shares

 —

 —

 —

 —

 ( 572
)

 ( 572
)

 Treasury stock issued - 74,655 shares

 —

 ( 427
)

 —

 —

 1,400

 Cash dividends paid, $ 0.68 per share

 —

 —

 ( 3,837
)

 —

 —

 ( 3,837
)

 Balances, December 31, 2023

 4,072

 150,596

)

 ( 1,233
)

 119,654

 —

 —

 —

 —

 Other comprehensive income, net of tax

 —

 —

 —

 —

 Stock-based compensation expense

 —

 —

 —

 —

 Treasury stock purchased - 82,169 shares

 —

 —

 —

 —

 ( 1,318
)

 ( 1,318
)

 Treasury stock issued - 67,385 shares

 —

 ( 176
)

 —

 —

 1,141

 Cash dividends paid, $ 0.69 per share

 —

 —

 ( 3,907
)

 —

 —

 ( 3,907
)

 Balances, December 31, 2024

 3,957

 162,006

 ( 34,143
)

 ( 1,410
)

 130,984

 CONSOLIDATED STATEMENTS OF CASH FLOWS

 2024

 2023

 $

 $

 Cash flows from operating activities:

 Adjustments to reconcile net income to net cash

 provided by operating activities:

 Net amortization of securities premiums and discounts and loan fees

 3,537

 4,689

 Increase in interest receivable

 ( 1,608
)

 ( 459
)

 Increase in interest payable

 1,606

 Provision for credit losses

 1,015

 Losses on the sale of debt securities, net

 1,371

 (Gains) Losses on equity securities, net

 ( 256
)

 Gains on sale of mortgages

 ( 1,826
)

 ( 767
)

 Loans originated for sale

 ( 62,957
)

 ( 31,532
)

 Proceeds from sales of loans

 61,139

 37,874

 Earnings on bank-owned life insurance

 ( 1,259
)

 ( 958
)

 Depreciation of premises and equipment and amortization of software

 2,089

 2,004

 Deferred income tax

 Amortization of deferred fees on subordinated debt

 Stock-based compensation expense

 Other assets and other liabilities, net

 ( 932
)

 2,909

 Net cash provided by operating activities

 15,815

 30,147

 Cash flows from investing activities:

 Securities available for sale:

 Proceeds from maturities, calls, and repayments

 47,871

 31,865

 Proceeds from sales

 5,019

 61,089

 Purchases

 ( 217,030
)

 ( 11,433
)

 Equity securities

 Proceeds from sales

 —

 Purchases

 ( 783
)

 ( 458
)

 Purchase of regulatory bank stock

 ( 3,077
)

 ( 3,001
)

 Redemptions of regulatory bank stock

 1,131

 Proceeds from bank-owned life insurance

 2,078

 Net increase in loans

 ( 67,375
)

 ( 169,502
)

 Purchases of premises and equipment, net

 ( 4,305
)

 ( 1,552
)

 Purchase of computer software

 ( 551
)

 ( 533
)

 Net cash used for investing activities

 ( 237,881
)

 ( 90,316
)

 Cash flows from financing activities:

 Net increase (decrease) in demand, NOW, and savings accounts

 65,890

 ( 112,033
)

 Net increase in time deposits

 97,755

 199,873

 Proceeds (repayments) from short-term borrowings, net

 ( 16,000
)

 Proceeds from long-term debt

 —

 57,005

 Repayments of long-term debt

 ( 17,406
)

 ( 13,816
)

 Dividends paid

 ( 3,907
)

 ( 3,837
)

 Proceeds from sale of treasury stock

 Treasury stock purchased

 ( 1,318
)

 ( 572
)

 Net cash provided by financing activities

 201,979

 111,593

 (Decrease) increase in cash and cash equivalents

 ( 20,087
)

 51,424

 Cash and cash equivalents at beginning of period

 37,572

 Cash and cash equivalents at end of period

 Supplemental disclosures of cash flow information:

 Interest paid

 35,161

 22,232

 Income taxes paid

 3,200

 2,000

 Supplemental disclosure of non-cash investing and financing activities:

 Fair value adjustments for securities available for sale

 ( 3,760
)

 ( 17,642
)

 Death benefits receivable on BOLI

 —

 2,083

 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 Nature of Operations
 ENB Financial Corp, ("the Corporation") through its wholly
owned subsidiary, Ephrata National Bank, provides financial services to Northern Lancaster County and surrounding communities. ENB Financial
Corp, a bank holding company, was formed on July 1, 2008, to become the parent company of Ephrata National Bank, which existed as a stand-alone
national bank since its formation on April 11, 1881. The Corporation's wholly owned subsidiary, Ephrata National Bank, offers a
full array of banking services including loan and deposit products for both personal and commercial customers, as well as trust and investment
services, through thirteen full-service office locations. The Bank has one subsidiary, ENB Insurance, which is a full-service insurance
agency that offers a broad range of insurance products to commercial and personal clients. ENB Insurance is managed separately from the
banking and related financial services that the Corporation offers.

 Basis of Presentation
 The consolidated financial statements of ENB Financial Corp and its subsidiary,
Ephrata National Bank, (collectively "the Corporation") conform to U.S. generally accepted accounting principles (GAAP). The
preparation of these statements requires that management make estimates and assumptions that affect the reported amount of assets and
liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported
amounts of revenues and expenses during the reporting period. Material estimates of the Corporation, including the allowance for credit
losses, are evaluated regularly by management. Actual results could differ from the reported estimates given different conditions or assumptions.
Certain items previously reported have been reclassified to conform to the current period's reporting format. Such reclassifications
did not affect net income or stockholders' equity.

 The accounting and reporting policies followed by the Corporation conform
with U.S. GAAP and to general practices within the banking industry. All significant intercompany transactions have been eliminated in
consolidation. The following is a summary of the more significant policies.

 Accounting Pronouncements Adopted in 2024

 In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic
280): Improvements to Reportable Segment Disclosures, which requires public entities to disclose information about their reportable
segments' significant expenses on an interim and annual basis. ASU 2023-07 became effective for our annual financial statements
in 2024 (See Note V - Operating Segments) and will be effective for interim periods within fiscal 2025.

 Cash and Cash Equivalents
 For purposes of reporting cash flows, cash and cash equivalents are identified
as cash and due from banks and include cash on hand, collection items, amounts due from banks, and interest bearing deposits in other
banks with maturities of less than 90 days.

 Investment Securities
 Management classifies its debt securities at the time of purchase as available
for sale (AFS) or held to maturity (HTM). At December 31, 2024 and 2023, all debt securities were classified as AFS, meaning that the
Corporation intends to hold them for an indefinite period of time, but not necessarily to maturity. AFS debt securities are stated at
estimated fair value, adjusted for amortization of premiums and accretion of discounts which are recognized as adjustments of interest
income through call date or maturity. The related unrealized gains and losses are reported as other comprehensive income or loss, net
of tax, until realized.

 Allowance for Credit Losses- Available for Sale Securities
 The Corporation is required to conduct a credit
loss evaluation on AFS securities to determine whether the Corporation has the intent to sell the security or it is more likely than not
that it will be required to sell the security before recovery. If these situations apply, the guidance requires the Corporation to reduce
the security's amortized cost basis down to its fair value through earnings. The Corporation also evaluates the unrealized losses on AFS
securities to determine if a security's decline in fair value below its amortized cost basis is due to credit factors. The evaluation
is based upon factors such as the creditworthiness of the underlying borrowers, performance of the underlying collateral, if applicable,
and the level of credit support in the security structure. Management also evaluates other factors and circumstances that may be indicative
of a decline in the fair value of the security due to a credit factor.

 This includes, but is not limited to, an evaluation
of the type of security, and extent to which the fair value has been less than amortized cost, and near-term prospects of the issuer.
If this assessment indicates that a credit loss exists, the present value of the expected cash flows of the security is compared to the
amortized cost basis of the security. Under ASC 326, if the present value of the cash flows expected to be collected is less than the
amortized cost, an allowance for credit losses (ACL) is recorded, which is limited by the amount that the fair value is less than the
amortized cost. Any additional amount of loss would be due to non-credit factors and is recorded in accumulated other comprehensive income
(AOCI), net of tax. If a credit loss is recognized in earnings, subsequent improvements to the expectation of collectability will be recognized
through the ACL. If the fair value of the security increases above its amortized cost, the unrealized gain will be recorded in AOCI, net
of tax, on the consolidated statements of financial condition.

 Equity Securities
 Equity securities include common stocks of public companies and a Community
Reinvestment Act-qualified mutual fund that the Corporation has the intent and ability to hold for an indeterminate amount of time. Such
securities are reported at fair value with changes in unrealized holding gains and losses recognized through earnings on a monthly basis.

 Loans Held for Investment
 Loans receivable, that management has the intent and ability to hold for
the foreseeable future, or until maturity or payoff, generally are reported at the outstanding principal balances, reduced by any charge-offs
and net of any deferred loan origination fees or costs. Net loan origination fees and costs are deferred and recognized as an adjustment
of yield over the contractual life of the loan.

 Interest accrues daily on outstanding loan balances. Generally, the accrual
of interest discontinues when the ability to collect the loan becomes doubtful or when a loan becomes more than 90 days past due as to
principal and interest. These loans are referred to as non-accrual loans. Management may elect to continue the accrual of interest based
on the expectation of future payments and/or the sufficiency of the underlying collateral.

 Loans Held for Sale
 Loans originated and intended for sale on the secondary market are carried
at the lower of cost or fair value in the aggregate. Net unrealized losses, if any, are recognized through a valuation allowance by charges
to income. In general, fixed-rate residential mortgage loans originated by the Corporation and held for sale are carried in the aggregate
at the lower of cost or market. The Corporation originates loans for immediate sale with servicing retained and servicing released to
several investors. However, the vast majority of the sold mortgages are sold to the Federal Home Loan Bank of Pittsburgh (FHLB) and Fannie
Mae, with servicing retained. As a result, the Corporation has a growing portfolio of mortgages that are serviced on behalf of FHLB
and Fannie Mae. In addition, the Corporation originates FHA, VA, and USDA mortgages which are originated for immediate sale to various
investors on a service-released basis.

 Allowance for Credit Losses-Loans
 The allowance for credit losses (ACL) is a valuation
reserve established and maintained by charges against income and is deducted from the amortized cost basis of loans to present the net
amount expected to be collected on the loans. Loans, or portions thereof, are charged off against the ACL when they are deemed uncollectible. Expected
recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off.

 The ACL is an estimate of expected credit losses,
measured over the contractual life of a loan, that considers historical loss experience, current conditions, and forecasts of future economic
conditions. Determination of an appropriate ACL is inherently subjective and may have significant changes from period to period.

 The methodology for determining the ACL has two main
components: evaluation of expected credit losses for certain groups of homogeneous loans that share similar risk characteristics and evaluation
of loans that do not share risk characteristics with other loans.

 The ACL is measured on a collective (pool) basis when
similar risk characteristics exist. The Corporation measures the ACL using the following methods. Historical credit loss experience
is the basis for the estimation of expected credit losses. The Corporation applies historical loss rates to pools of loans with similar
risk characteristics.

 After consideration of the historic loss calculation,
management applies qualitative adjustments to reflect the current conditions and reasonable and supportable forecasts not already reflected
in the historical loss information at the balance sheet date. Reasonable and supportable forecast adjustment is based on the unemployment
forecast, BBB Rated Corporate Bond Spread, GDP Growth, Retail Sales, Asset Prices, and Management Judgement. The reasonable and
supportable period is the life of the loan as credit loss models used produce reasonable estimates of losses over the life of the loan.
 The qualitative adjustments for current conditions are based upon changes in lending policies and procedures, loan portfolio trends,
lending management experience, asset quality, loan review, underlying collateral, credit concentrations, and external factors. These
modified historical loss rates are multiplied by the outstanding principal balance of each loan to calculate a required reserve.

 The Corporation has elected
to exclude accrued interest receivable from the measurement of its ACL. When a loan is placed on non-accrual status, any outstanding accrued
interest is reversed against interest income.

 The ACL for individual loans begins with the use of
normal credit review procedures to identify whether a loan no longer shares similar risk characteristics with other pooled loans and therefore,
should be individually assessed. We evaluate all commercial loans that meet the following criteria: 1) when it is determined that foreclosure
is probable, 2) substandard, doubtful and nonperforming loans when repayment is expected to be provided substantially through the operation
or sale of the collateral, 3) when it is determined by management that a loan does not share similar risk characteristics with other loans.
Specific reserves are established based on the following three acceptable methods for measuring the ACL: 1) the present value of expected
future cash flows discounted at the loan's original effective interest rate; 2) the loan's observable market price; or 3)
the fair value of the collateral when the loan is collateral dependent. Our individual loan evaluations consist primarily of the fair
value of collateral method because most of our loans are collateral dependent. Collateral values are discounted to consider disposition
costs when appropriate. A specific reserve is established or a charge-off is taken if the fair value of the loan is less than the loan
balance.

 In terms of the Corporation's loan portfolio, Consumer loans are
deemed to have the most risk and therefore carry a higher qualitative adjustment than other portfolio segments. These loans are
highly dependent on their financial condition and therefore are more dependent on economic conditions. Business loans are considered to
have more risk than the Agriculture, Home Equity, and Residential Real Estate loans as these loans have accounted for higher levels of
charge-offs. The Corporation's Non-Owner Occupied CRE portfolio has performed well historically with no losses in the look-back
period. Overall, the Corporation has historically experienced very low levels of delinquencies, non-accrual loans, and charge-offs.
Qualitative factors are set and adjusted accordingly.

 Non-Accrual Loans
 Management will place a business or commercial loan on non-accrual status
when it is determined that the loan is impaired, or when the loan is 90 days past due. These customers will generally be placed on non-accrual
status at the end of each quarter. Consumer loans over 90 days delinquent are generally charged off, or in the case of residential real
estate loans the Corporation will seek to bring the customer current or pursue foreclosure options. When the borrower is on non-accrual,
the Corporation will reverse any accrued interest on the books and will discontinue recognizing any interest income until the borrower
is placed back on accrual status or fully pays off the loan balance plus any accrued interest. Payments received by the customer while
the loan is on non-accrual are fully applied against principal. The Corporation maintains records of the full amount of interest that
is owed by the borrower. A non-accrual loan will generally only be placed back on accrual status after the borrower has become current
and has demonstrated six consecutive months of non-delinquency.

 Allowance for Off-Balance Sheet Extensions of Credit
 The Corporation maintains an allowance for off-balance sheet extensions
of credit, which would include any unadvanced amount on lines of credit and any letters of credit provided to borrowers. The allowance
is carried as a liability and is included in other liabilities on the Corporation's Consolidated Balance Sheets. The liability
was $ 1,323,000 as of December 31, 2024, and $ 1,325,000 as of December 31, 2023. As the unadvanced portion of lines of credit increases,
this provision will increase.

 Management follows the same methodology as the allowance for credit losses
when calculating the allowance for off-balance sheet extensions of credit. The unadvanced amounts for each loan segment are broken down
by credit classification. A historical loss ratio and qualitative factors are calculated for each credit classification by loan
type. The historical loss ratio and qualitative factor are combined to produce an adjusted loss ratio, which is multiplied by the
amount at risk for each credit classification within each loan segment to arrive at an allocation. The allocations are summed to
arrive at the total allowance for off-balance sheet extensions of credit.

 Other Real Estate Owned (OREO)
 OREO represents properties acquired through customer loan defaults. These
properties are recorded at the lower of cost or fair value less projected disposal costs at acquisition date. Fair value is determined
by current appraisals. Costs associated with holding OREO are charged to operational expense. OREO is a component of other assets on the
Corporation's Consolidated Balance Sheets. The Corporation had no OREO as of December 31, 2024, or December 31, 2023.

 Mortgage Servicing Rights (MSRs)
 The Corporation has agreements for the express purpose of selling residential
mortgage loans on the secondary market, referred to as mortgage servicing rights. The Corporation maintains all servicing rights for loans
currently sold through FHLB and Fannie Mae. The Corporation had $ 2,364,000 of MSRs as of December 31, 2024, compared to $ 2,151,000 as
of December 31, 2023. The value of MSRs increased during 2024 as valuation of new assets outpaced amortization on existing assets. The
value of newly originated MSRs is determined by estimating the life of the mortgage and how long the Corporation will have access to the
servicing income stream to determine the relative fair value. The Corporation utilizes a third party that calculates the MSR valuation
on a quarterly basis.
 A longer estimated life would increase the MSR valuation, while a shorter
estimated life would decrease the value of the MSR. Management records the MSR value based on the third-party reporting. Ultimately the
value of the MSRs would be at what level a willing buyer and seller would exchange the MSRs. MSRs are amortized in proportion to the estimated
servicing income over the estimated life of the servicing portfolio. Impairment is evaluated based on the fair value of the rights, portfolio
interest rates, and prepayment characteristics. MSRs are a component of other assets on the Consolidated Balance Sheets.

 The following chart provides the activity of the Corporation's mortgage
servicing rights for the years ended December 31, 2024 and 2023.

 MORTGAGE SERVICING RIGHTS

 2024

 2023

 $

 $

 Beginning Balance

 2,151

 2,030

 Additions

 Amortization

 ( 294
)

 ( 64
)

 Disposals

 ( 77
)

 ( 62
)

 Ending Balance

 2,364

 2,151

 Premises and Equipment
 Land is carried at cost. Premises and equipment are carried at cost, less
accumulated depreciation. Book depreciation is computed using straight-line methods over the estimated useful lives of generally fifteen
to thirty-nine years for buildings and improvements and four to ten years for furniture and equipment. Maintenance and repairs of property
and equipment are charged to operational expense as incurred, while major improvements are capitalized. Net gains or losses upon disposition
are included in other income or operational expense, as applicable.

 Transfer of Assets
 Transfers of financial assets are accounted for as sales when control over
the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated
from the Corporation, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right)
to pledge or exchange the transferred assets, and (3) the Corporation does not maintain effective control over the transferred assets
through an agreement to repurchase them before their maturity.

 Bank-Owned Life Insurance (BOLI)
 BOLI is carried by the Corporation at the cash surrender value of the
underlying policies. Income earned on the policies is based on any increase in cash surrender value less the cost of the insurance, which
varies according to age and health of the insured. The life insurance policies owned by the Corporation had a cash surrender value of
$ 36,014,000 and $ 35,632,000 as of December 31, 2024, and 2023, respectively.

 Leases
 The Corporation has operating leases for several branch
locations and office space. Generally, the underlying lease agreements do not contain any material residual value guarantees or material
restrictive covenants. The Corporation may also lease certain office equipment under operating leases. Many of the Corporation's
leases include both lease (e.g., minimum rent payments) and non-lease components (e.g., common-area or other maintenance costs). The Corporation
accounts for each component separately based on the standalone price of each component. In addition, there are several operating leases
with lease terms of less than one year and therefore, we have elected the practical expedient to exclude these short-term leases from
our right of use assets and lease liabilities.

 Most leases include one or more options to renew.
The exercise of lease renewal options is typically at the sole discretion of management and is based on whether the extension options
are reasonably certain to be exercised after giving proper consideration to all facts and circumstances of the lease. If management determines
that the Corporation is reasonably certain to exercise the extension option(s), the additional term is included in the calculation of
the lease liability.

 As most of the leases do not provide an implicit rate,
the Corporation uses the fully collateralized FHLB borrowing rate, commensurate with the lease terms based on the information available
at the lease commencement date in determining the present value of the lease payments.

 Advertising Costs
 The Corporation expenses advertising costs as incurred.

 Income Taxes
 An asset and liability approach is followed for financial accounting and
reporting for income taxes. Accordingly, a net deferred tax asset or liability is recorded in the consolidated financial statements for
the tax effects of temporary differences, which are items of income and expense reported in different periods for income tax and financial
reporting purposes. Deferred tax expense is determined by the change in the assets or liabilities related to deferred income taxes. As
changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes.

 Earnings per Share
 Basic earnings per share represents income available to common stockholders
divided by the weighted average number of common shares outstanding during the period less any unvested restricted shares. Diluted earnings
per share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well
as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Corporation
relate solely to outstanding stock options and are determined using the treasury stock method. Treasury shares are not deemed outstanding
for earnings per share calculations.

 Comprehensive Income (Loss)
 The Corporation is required to present comprehensive
income (loss) in a full set of general-purpose consolidated financial statements for all periods presented. Other comprehensive income
(loss) consists of unrealized holding gains and losses on the available for sale securities portfolio.

 Segment Disclosure
 U.S. generally accepted accounting principles establish standards for the
manner in which public business enterprises report information about segments in the annual financial statements and requires that those
enterprises report selected information about operating segments in interim financial reports issued to shareholders. It also establishes
standards for related disclosures regarding financial products and services, geographic areas, and major customers. Operating segments
are aggregated into one segment, as operating results for all segments are similar. Accordingly, all the financial service operations
are considered by management to be aggregated in one reportable operating segment, Community Banking.

 Retirement Plans
 The Corporation provides an optional 401(k) plan, in which employees may
elect to defer pre-tax salary dollars, subject to the maximum annual Internal Revenue Service contribution amounts. The Corporation
will match 50 % of employee contributions up to 5 %, limiting the match to 2.5 %.

 As part of the 401(k) Plan, the Corporation also has a noncontributory
Profit Sharing Plan which covers substantially all employees. The Corporation provides a 3 % non-elective contribution to all employees
and contributes a 2 % elective contribution to all employees aged 21 or older who work 1,000 or greater
hours in a calendar year and have completed at least one full year of employment.

 Trust Assets and Income
 Assets held by ENB's Wealth Solutions Group in a fiduciary or agency
capacity for customers are not included in the Corporation's Consolidated Balance Sheets since these items are not assets of the
Corporation. Trust income is reported in the Corporation's Consolidated Statements of Income under other income.

 Revenue from Contracts with Customers
 The Corporation records revenue from contracts with customers in accordance
with Accounting Standards Topic 606, Revenue from Contracts with Customers (Topic 606). Under Topic 606, the Corporation must identify
contracts with customers, identify the performance obligations in the contract, determine the transaction price, allocate the transaction
price to the performance obligations in the contract, and recognize revenue when the Corporation satisfies a performance obligation. Significant
revenue has not been recognized in the current reporting period that results from performance obligations satisfied in previous periods.

 The Corporation's primary sources of revenue are derived from interest
and dividends earned on loans, investment securities, and other financial instruments that are not within the scope of Topic 606. The
Corporation has evaluated the nature of its contracts with customers and determined that further disaggregation of revenue from contracts
with customers into more granular categories beyond what is presented in the Consolidated Statements of Income was not necessary. The
Corporation generally fully satisfies its performance obligations on its contracts with customers as
 services are rendered and the transaction prices are typically fixed; charged
either on a periodic basis or based on activity. Because performance obligations are satisfied as services are rendered and the transaction
prices are fixed, there is little judgment involved in applying Topic 606 that significantly affects the determination of the amount and
timing of revenue from contracts with customers.

 Reclassification of Comparative Amounts
 Certain comparative amounts for the prior year have
been reclassified to conform to current-year classifications. Such reclassifications had no material effect on net income or stockholders'
equity.

 Recently Issued Accounting Standards

 In
December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which provides for
improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. This guidance
is effective for public business entities for annual period beginning after December 15, 2024. The adoption of ASU 2023-09 is not
expected to have a significant impact on the Corporation's consolidated financial statements.

 In
November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation
Disclosures. This ASU requires disclosure in the notes to financial statements of specified information about certain costs
and expenses. Specific disclosures are required for (a) purchases of inventory, (b) employee compensation, (c) depreciation, (d) intangible
asset amortization, and (e) depreciation, depletion, and amortization recognized as part of oil and gas producing activities. The amendments
in this Update do not change or remove current expense disclosure requirements. However, the amendments affect where this information
appears in the notes to financial statements because entities are required to include certain current disclosures in the same tabular
format disclosure as the other disaggregation requirements in the amendments. The amendments in ASU 2024-03 apply only to public business
entities and are effective for fiscal years beginning after December 15, 2026, and interim reporting periods beginning after December
15, 2027, with early adoption permitted. The Corporation is currently evaluating the impact of this new guidance on its financial
statements.

 NOTE B - SECURITIES

 DEBT SECURITIES

 The amortized cost, gross unrealized gains and
losses, estimated fair value, and allowance for credit losses of investment securities held at December 31, 2024 are as follows:

 Gross

 Gross

 Allowance

 for Credit

 Fair

 Cost

 Gains

 Value

 $

 $

 $

 $

 $

 U. S. Treasuries

 19,900

 —

 ( 1,438
)

 —

 19,400

 —

 ( 1,333
)

 —

 38,000

 —

 ( 3,120
)

 —

 116,272

 —

 ( 5,277
)

 —

 110,995

 Non-agency MBS/CMO

 152,096

 ( 6,901
)

 —

 145,211

 57,543

 ( 398
)

 —

 57,268

 57,423

 —

 ( 4,351
)

 —

 203,044

 —

 ( 24,569
)

 —

 178,475

 Total securities available for sale

 663,678

 ( 47,387
)

 —

 616,430

 The amortized cost, gross unrealized gains and
losses, and estimated fair value of investment securities held at December 31, 2023, are as follows:

 Gross

 Gross

 Allowance

 for Credit

 Fair

 Cost

 Gains

 Value

 $

 $

 $

 $

 $

 Decmber 31, 2023

 U. S. Treasuries

 19,869

 —

 ( 1,710
)

 —

 19,400

 —

 ( 1,862
)

 —

 43,753

 —

 ( 3,597
)

 —

 40,156

 21,841

 —

 ( 2,004
)

 —

 Non-agency MBS/CMO

 59,281

 ( 3,116
)

 —

 56,187

 66,391

 ( 1,106
)

 —

 65,305

 61,122

 —

 ( 6,118
)

 —

 211,400

 ( 24,018
)

 —

 187,383

 Total securities available for sale

 503,057

 ( 43,531
)

 —

 459,569

 The amortized cost and fair value of debt securities available
for sale at December 31, 2024, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities due
to certain call or prepayment

 provisions.

 CONTRACTUAL MATURITY OF DEBT SECURITIES

 Cost

 $

 $

 Due in one year or less

 15,722

 15,617

 Due after one year through five years

 94,752

 87,858

 Due after five years through ten years

 72,702

 62,796

 Due after ten years

 480,502

 450,159

 Total debt securities

 663,678

 616,430

 Securities available for sale with a par value of $ 110,232,000 and $ 117,525,000 at December 31,
2024 and 2023, respectively, were pledged or restricted for public funds, borrowings, or other purposes as required by law. The fair market
value of these pledged securities was $ 102,957,000 at December 31, 2024, and $ 109,651,000 at December 31, 2023.

 Proceeds from active sales of debt securities available for sale, along
with the associated gross realized gains and gross realized losses, are shown below. Realized gains and losses are computed on the basis
of specific identification.

 PROCEEDS FROM SALES OF SECURITIES AVAILABLE FOR SALE

 Securities Available for Sale

 2024

 2023

 $

 $

 Proceeds from sales

 5,019

 61,089

 Gross realized gains

 —

 Gross realized losses

 1,375

 Information pertaining to securities with gross unrealized losses for which
an allowance for credit losses has not been recorded at December 31, 2024, and December 31, 2023, aggregated by investment category and
length of time that individual securities have been in a continuous loss position follows:

 UNREALIZED LOSSES OF SECURITIES

 Less than 12 months

 More than 12 months

 Total

 Gross

 Gross

 Gross

 Fair

 Fair

 Fair

 Value

 Value

 Value

 $

 $

 $

 $

 $

 $

 As of December 31, 2024

 —

 —

 ( 1,438
)

 ( 1,438
)

 —

 —

 ( 1,333
)

 ( 1,333
)

 —

 —

 ( 3,120
)

 ( 3,120
)

 93,239

 ( 3,584
)

 17,756

 ( 1,693
)

 110,995

 ( 5,277
)

 Non-Agency MBS/CMO

 107,316

 ( 4,930
)

 33,606

 ( 1,971
)

 140,922

 ( 6,901
)

 4,938

 ( 39
)

 26,376

 ( 359
)

 31,314

 ( 398
)

 —

 —

 ( 4,351
)

 ( 4,351
)

 Obligations of states & political subdivisions

 1,639

 ( 400
)

 176,806

 ( 24,169
)

 178,445

 ( 24,569
)

 Total unrealized losses

 207,132

 ( 8,953
)

 379,025

 ( 38,434
)

 586,157

 ( 47,387
)

 As of December 31, 2023

 —

 —

 ( 1,710
)

 ( 1,710
)

 —

 —

 ( 1,862
)

 ( 1,862
)

 —

 —

 40,147

 ( 3,597
)

 40,147

 ( 3,597
)

 —

 —

 ( 2,004
)

 ( 2,004
)

 Non-Agency MBS/CMO

 11,189

 ( 119
)

 41,966

 ( 2,997
)

 53,155

 ( 3,116
)

 2,661

 ( 47
)

 57,049

 ( 1,059
)

 59,710

 ( 1,106
)

 —

 —

 ( 6,118
)

 ( 6,118
)

 Obligations of states & political subdivisions

 —

 —

 186,819

 ( 24,018
)

 186,819

 ( 24,018
)

 Total unrealized losses

 13,850

 ( 166
)

 436,519

 ( 43,365
)

 450,369

 ( 43,531
)

 In the debt security portfolio, there are 318 positions carrying unrealized
losses as of December 31, 2024. There were no instruments with an allowance for credit losses at December 31, 2024.

 The Corporation evaluates fixed income positions for an allowance for
credit losses at least on a quarterly basis, and more frequently when economic and market concerns warrant such evaluation. The Corporation
does not intend to sell the securities in an unrealized loss position and is unlikely to be required to sell these securities before
a recovery of fair value, which may be maturity. The Corporation concluded that the decline in fair value of these securities was not
indicative of a credit loss. No securities in the portfolio required an allowance for credit losses to be recorded during the year ended
December 31, 2024 or 2023.

 EQUITY SECURITIES

 The following tables summarize the amortized cost,
gross unrealized gains and losses, and fair value of equity securities held at December 31, 2024 and December 31, 2023.

 Gross

 Gross

 Fair

 Cost

 Gains

 Value

 $

 $

 $

 $

 CRA-qualified mutual funds

 8,517

 —

 —

 8,517

 Bank stocks

 1,233

 ( 141
)

 1,193

 Total equity securities

 9,750

 ( 141
)

 9,710

 Gross

 Gross

 Fair

 Cost

 Gains

 Value

 $

 $

 $

 $

 CRA-qualified mutual funds

 7,734

 —

 —

 7,734

 Bank stocks

 1,754

 ( 181
)

 1,717

 Total equity securities

 9,488

 ( 181
)

 9,451

 The following table presents the net gains and losses on the Corporation's
equity investments recognized in earnings during the year ended December 31, 2024 and 2023, and the portion of unrealized gains and losses
for the periods that relates to equity investments held as of December 31, 2024 and 2023.

 NET GAINS AND LOSSES ON EQUITY INVESTMENTS RECOGNIZED IN EARNINGS

 2024

 2023

 $

 $

 Net gains (losses) recognized in equity securities during the period

 ( 125
)

 Less: Net gains realized on the sale of equity securities during the period

 —

 Unrealized losses recognized in equity securities held at reporting date

 ( 3
)

 ( 125
)

 NOTE C - LOANS AND ALLOWANCE FOR CREDIT LOSSES

 The following table presents the Corporation's loan portfolio by
category of loans as of December 31, 2024 and December 31, 2023 (in thousands):

 2024

 2023

 $

 $

 289,284

 257,372

 360,805

 354,252

 6,603

 6,392

 118,329

 107,176

 Non-Owner Occupied Commercial Real Estate

 136,298

 135,117

 Residential Real Estate (a)

 514,120

 497,553

 Gross loans prior to deferred costs

 1,425,439

 1,357,862

 Deferred loan costs, net

 1,830

 2,216

 Allowance for credit losses

 ( 16,122
)

 ( 15,176
)

 Total net loans

 1,411,147

 1,344,902

 (a)
 Real estate loans serviced for others, which are not included in the Consolidated Balance Sheets, totaled $ 342,640,000 as of December
31, 2024 and $ 301,822,000 as of December 31, 2023.

 Credit Quality Indicators

 The Corporation grades commercial credits differently than consumer credits.
The following tables represent all of the Corporation's commercial credit exposures by internally assigned grades as of December
31, 2024 and 2023. The grading analysis estimates the capability of the borrower to repay the contractual obligations under the loan agreements
as scheduled or at all. The Corporation's internal commercial credit risk grading system is based on experiences with similarly graded
loans.

 The Corporation's internally assigned grades for commercial
credits are as follows:

 Pass – loans which are protected by the current net worth and paying capacity of the obligor or
by the value of the underlying collateral.

 Special Mention – loans where a potential weakness or risk exists, which could cause a more serious
problem if not corrected.

 Substandard – loans that have a well-defined weakness based on objective evidence and characterized
by the distinct possibility that the Corporation will sustain some loss if the deficiencies are not corrected.

 Doubtful – loans classified as doubtful have all the weaknesses inherent in a substandard asset.
In addition, these weaknesses make collection or liquidation in full highly questionable and improbable, based on existing circumstances.

 Loss – loans classified as a loss are considered uncollectible, or of such value that continuance
as an asset is not warranted.

 Based on the most recent analysis performed, the
following table presents the recorded investment by internal risk rating system for Commercial Credit exposure as of December 31, 2024
in accordance with ASC 326 (in thousands):

 Term Loans Amortized Costs Basis by Origination Year

 Loans

 Loans

 Converted

 2024

 2023

 2022

 2021

 2020

 Prior

 Cost Basis

 to Term

 Total

 Pass

 $
 30,261

 $
 49,814

 $
 38,824

 $
 44,513

 $
 17,156

 $
 63,007

 $
 24,359

 $
 —

 $
 267,934

 1,033

 6,411

 —

 1,555

 1,714

 —

 10,904

 1,904

 1,522

 1,679

 1,287

 3,275

 —

 10,446

 —

 —

 —

 —

 —

 —

 —

 —

 —

 Total

 $
 31,707

 $
 51,892

 $
 40,363

 $
 52,603

 $
 18,443

 $
 67,837

 $
 26,439

 $
 —

 $
 289,284

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $

 $
 —

 $
 —

 $

 Pass

 $
 61,110

 $
 38,875

 $
 86,326

 $
 53,149

 $
 29,095

 $
 44,956

 $
 37,440

 $
 —

 $
 350,951

 —

 —

 —

 —

 —

 —

 —

 2,816

 2,030

 —

 —

 3,466

 —

 9,187

 —

 —

 —

 —

 —

 —

 —

 —

 —

 Total

 $
 61,110

 $
 41,691

 $
 88,356

 $
 53,558

 $
 29,095

 $
 46,089

 $
 40,906

 $
 —

 $
 360,805

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 Pass

 $
 3,971

 $
 36,562

 $
 33,912

 $
 26,695

 $
 14,729

 $
 16,986

 $
 —

 $
 —

 $
 132,855

 —

 —

 —

 —

 —

 —

 —

 —

 —

 —

 —

 —

 3,061

 —

 —

 3,443

 —

 —

 —

 —

 —

 —

 —

 —

 —

 Total

 $
 3,971

 $
 36,944

 $
 33,912

 $
 26,695

 $
 14,729

 $
 20,047

 $
 —

 $
 —

 $
 136,298

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 Total

 Pass

 $
 95,342

 $
 125,251

 $
 159,062

 $
 124,357

 $
 60,980

 $
 124,949

 $
 61,799

 $
 —

 $
 751,740

 1,033

 6,820

 —

 1,813

 1,714

 —

 11,571

 5,102

 3,552

 1,679

 1,287

 7,211

 3,832

 —

 23,076

 —

 —

 —

 —

 —

 —

 —

 —

 —

 Total

 $
 96,788

 $
 130,527

 $
 162,631

 $
 132,856

 $
 62,267

 $
 133,973

 $
 67,345

 $
 —

 $
 786,387

 Based on the most recent analysis performed, the
following table presents the recorded investment by internal risk rating system for Commercial Credit exposure as of December 31, 2023
in accordance with ASC 326 (in thousands):

 Term Loans Amortized Costs Basis by Origination Year

 Loans

 Loans

 Converted

 2023

 2022

 2021

 2020

 2019

 Prior

 Cost Basis

 to Term

 Total

 Pass

 $
 47,599

 $
 41,741

 $
 49,276

 $
 18,699

 $
 14,793

 $
 58,459

 $
 21,157

 $
 —

 $
 251,724

 1,136

 —

 2,372

 —

 —

 1,772

 —

 3,276

 —

 —

 —

 —

 —

 —

 —

 —

 —

 Total

 $
 47,659

 $
 41,750

 $
 49,796

 $
 20,115

 $
 15,324

 $
 61,367

 $
 21,361

 $
 —

 $
 257,372

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 Pass

 $
 43,670

 $
 102,419

 $
 64,030

 $
 36,675

 $
 17,785

 $
 45,583

 $
 37,269

 $
 —

 $
 347,431

 —

 —

 —

 —

 3,152

 1,369

 —

 —

 —

 5,982

 —

 —

 —

 —

 —

 —

 —

 —

 —

 Total

 $
 46,822

 $
 103,831

 $
 64,456

 $
 36,938

 $
 17,785

 $
 46,691

 $
 37,729

 $
 —

 $
 354,252

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 Pass

 $
 26,757

 $
 43,976

 $
 27,377

 $
 12,849

 $
 7,705

 $
 12,397

 $

 $
 —

 $
 131,436

 —

 —

 —

 —

 —

 1,068

 —

 —

 —

 —

 2,312

 —

 —

 2,613

 —

 —

 —

 —

 —

 —

 —

 —

 —

 Total

 $
 27,149

 $
 44,615

 $
 27,377

 $
 12,849

 $
 10,017

 $
 12,735

 $

 $
 —

 $
 135,117

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 Total

 Pass

 $
 118,026

 $
 188,136

 $
 140,683

 $
 68,223

 $
 40,283

 $
 116,439

 $
 58,801

 $
 —

 $
 730,591

 1,443

 —

 4,279

 3,152

 1,369

 2,673

 2,911

 —

 11,871

 —

 —

 —

 —

 —

 —

 —

 —

 —

 Total

 $
 121,630

 $
 190,196

 $
 141,629

 $
 69,902

 $
 43,126

 $
 120,793

 $
 59,465

 $
 —

 $
 746,741

 The following table presents the balances of consumer
loans by classes of the loan portfolio based on payment performance as of December 31, 2024 in accordance with ASC 326 (in thousands):

 Term Loans Amortized Costs Basis by Origination Year

 Loans

 Loans

 Converted

 2024

 2023

 2022

 2021

 2020

 Prior

 Cost Basis

 to Term

 Total

 $
 3,564

 $

 $

 $

 $

 $

 $
 1,515

 $
 —

 $
 6,593

 —

 —

 —

 —

 —

 —

 —

 Total

 $
 3,564

 $

 $

 $

 $

 $

 $
 1,515

 $
 —

 $
 6,603

 $
 —

 $

 $

 $

 $
 —

 $

 $
 —

 $
 —

 $

 Home equity

 —

 $
 1,899

 $
 6,778

 $
 14,700

 $

 $

 $
 1,560

 $
 91,167

 $
 117,936

 —

 —

 —

 —

 —

 —

 Total

 $
 1,899

 $
 6,778

 $
 14,700

 $

 $

 $
 1,563

 $
 91,557

 $

 $
 118,329

 Home equity

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 —

 $
 67,526

 $
 102,522

 $
 138,668

 $
 98,116

 $
 39,926

 $
 63,412

 $
 —

 $
 —

 $
 510,170

 —

 1,073

 1,879

 —

 —

 —

 3,950

 Total

 $
 67,526

 $
 103,595

 $
 140,547

 $
 98,828

 $
 39,926

 $
 63,698

 $
 —

 $
 —

 $
 514,120

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 Total

 $
 72,989

 $
 110,267

 $
 153,759

 $
 99,124

 $
 40,469

 $
 64,977

 $
 92,682

 $

 $
 634,699

 —

 1,083

 1,879

 —

 —

 4,353

 Total

 $
 72,989

 $
 111,350

 $
 155,638

 $
 99,836

 $
 40,469

 $
 65,266

 $
 93,072

 $

 $
 639,052

 The following table presents the balances of consumer
loans by classes of the loan portfolio based on payment performance as of December 31, 2023 in accordance with ASC 326 (in thousands):

 Term Loans Amortized Costs Basis by Origination Year

 Loans

 Loans

 Converted

 2023

 2022

 2021

 2020

 2019

 Prior

 Cost Basis

 to Term

 Total

 $
 3,251

 $
 1,085

 $

 $

 $

 $

 $
 1,482

 $
 —

 $
 6,379

 —

 —

 —

 —

 —

 —

 —

 Total

 $
 3,251

 $
 1,098

 $

 $

 $

 $

 $
 1,482

 $
 —

 $
 6,392

 $
 —

 $

 $

 $

 $

 $

 $
 —

 $
 —

 $

 Home equity

 $
 7,086

 $
 18,476

 $
 1,049

 $

 $

 $
 1,847

 $
 76,076

 1,399

 $
 107,026

 —

 —

 —

 —

 —

 —

 —

 Total

 $
 7,086

 $
 18,476

 $
 1,049

 $

 $

 $
 1,847

 $
 76,226

 $
 1,399

 $
 107,176

 Home equity

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 123,368

 $
 148,835

 $
 105,283

 $
 43,961

 $
 31,514

 $
 44,236

 $
 —

 $
 —

 $
 497,197

 —

 —

 —

 —

 —

 —

 —

 Total

 $
 123,368

 $
 148,835

 $
 105,639

 $
 43,961

 $
 31,514

 $
 44,236

 $
 —

 $
 —

 $
 497,553

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 $
 —

 Total

 $
 133,705

 $
 168,396

 $
 106,683

 $
 44,701

 $
 32,074

 $
 46,086

 $
 77,558

 $
 1,399

 $
 610,602

 —

 —

 —

 —

 —

 Total

 $
 133,705

 $
 168,409

 $
 107,039

 $
 44,701

 $
 32,074

 $
 46,086

 $
 77,708

 $
 1,399

 $
 611,121

 Age Analysis of Past Due Loans Receivable

 The following tables present an age analysis of the Corporation's
past due loans, segregated by loan portfolio class, as of December 31, 2024 and December 31, 2023:

 31-60

 61-90

 Greater Than

 Days

 Days

 90 Days

 Total

 Total

 Current

 Loans

 $
 288,970

 $
 —

 $

 $
 —

 $

 $
 289,284

 358,207

 2,531

 —

 2,598

 360,805

 6,571

 —

 6,603

 117,451

 118,329

 135,541

 —

 —

 136,298

 510,882

 2,407

 3,238

 514,120

 Total

 $
 1,417,622

 $
 3,464

 $

 $
 3,438

 $
 7,817

 $
 1,425,439

 31-60

 61-90

 Greater Than

 Days

 Days

 90 Days

 Total

 Total

 Current

 Loans

 $
 257,372

 $
 —

 $
 —

 $
 —

 $
 —

 $
 257,372

 354,008

 —

 354,252

 6,361

 6,392

 106,787

 107,176

 135,117

 —

 —

 —

 —

 135,117

 495,952

 1,245

 —

 1,601

 497,553

 Total

 $
 1,355,597

 $
 1,560

 $

 $

 $
 2,265

 $
 1,357,862

 Nonperforming Loans

 The following table presents the amortized cost
basis of loans on nonaccrual status and loans past due over 90 days still accruing interest as of December 31, 2024 and December 31,
2023, (in thousands):

 Loans Past

 with no

 with

 Total

 Due Over 90 Days

 Total

 ACL

 ACL

 Still Accruing

 $
 1,481

 $
 —

 $
 1,481

 $
 —

 $
 1,481

 5,084

 6,053

 —

 6,053

 —

 —

 —

 —

 —

 —

 —

 —

 —

 1,806

 2,144

 3,950

 —

 3,950

 Total

 $
 8,764

 $
 3,123

 $

 $
 —

 $

 Loans Past

 with no

 with

 Total

 Due Over 90 Days

 Total

 ACL

 ACL

 Still Accruing

 $

 $

 —

 $

 $

 —

 $

 1,817

 —

 1,817

 —

 1,817

 —

 —

 —

 —

 —

 —

 —

 —

 —

 —

 —

 —

 —

 —

 Total

 $
 2,758

 $
 —

 $
 2,758

 $

 $
 3,277

 The following table presents, by class of loans, the collateral-dependent
nonaccrual loans and type of collateral as of December 31, 2024 and December 31, 2023 (in thousands).

 Real Estate

 Other

 None

 Total

 $
 1,481

 $
 —

 $
 —

 $
 1,481

 5,085

 —

 6,053

 —

 —

 —

 —

 Non-Owner Occupied

 —

 —

 —

 —

 3,950

 —

 —

 3,950

 Total

 $
 10,909

 $

 $

 $

 Real Estate

 Other

 None

 Total

 $

 $
 —

 $
 —

 $

 1,817

 —

 —

 1,817

 —

 —

 —

 —

 —

 —

 —

 —

 Non-Owner Occupied

 —

 —

 —

 —

 —

 —

 —

 —

 Total

 $
 2,758

 $
 —

 $
 —

 $
 2,758

 Modifications to Borrowers Experiencing Financial
Difficulty

 The Corporation may grant a modification to borrowers
in financial distress by providing a temporary reduction in interest rate, or an extension of a loan's stated maturity date. Loan
modifications are intended to minimize the economic loss and to avoid foreclosure or repossession of the collateral.

 The Corporation identifies loans for potential restructure
primarily through direct communication with the borrower and evaluation of the borrower's financial statements, revenue projections, tax
returns, and credit reports. Even if the borrower is not presently in default, management will consider the likelihood that cash flow
shortages, adverse economic conditions, and negative trends may result in a payment default in the near future. There was one modification
of a loan to a borrower experiencing financial difficulty in the amount of $ 2,099,000 during the year ended December 31, 2024.

 There were no payment defaults for loans granted modifications
due to a borrower experiencing financial difficulty within twelve months of the modification date, during the year ended December 31,
2024 and December 31, 2023.

 The following table details activity in the allowance for credit losses
by portfolio segment for the year ended December 31, 2024 and December 31, 2023:

 Beginning

 Provisions

 Ending

 Charge-offs

 Recoveries

 (Reductions)

 Allowance for credit losses:

 $
 3,106

 ( 25
)

 —

 3,303

 2,684

 —

 3,234

 ( 73
)

 2,341

 —

 —

 2,644

 —

 —

 5,872

 —

 —

 ( 191
)

 5,681

 Total

 $
 15,176

 $
 ( 98
)

 $

 $
 1,017

 $
 16,122

 Impact of

 Beginning

 adopting

 Provisions

 Ending

 ASC 326

 Charge-offs

 Recoveries

 (Reductions)

 Allowance for credit losses:

 Commercial Real Estate

 $
 6,074

 $
 ( 6,074
)

 $
 —

 $
 —

 $
 —

 $
 —

 Consumer Real Estate

 5,442

 ( 5,442
)

 —

 —

 —

 —

 Commercial & Industrial

 2,151

 ( 2,151
)

 —

 —

 —

 —

 —

 3,537

 —

 ( 502
)

 3,106

 —

 3,382

 —

 ( 709
)

 2,684

 ( 64
)

 —

 2,129

 —

 —

 2,341

 —

 —

 —

 ( 57
)

 —

 4,658

 —

 1,206

 5,872

 Unallocated

 ( 417
)

 —

 —

 —

 —

 Total (a)

 $
 14,151

 $

 $
 ( 64
)

 $

 $

 $
 15,176

 (a) In 2023, the Corporation adopted ASU 2016-13
Financial Instruments - Credit Losses (Topic 326) in 2023 and as a result reclassified portfolio segments.

 During the year ended December 31, 2024, management charged off $ 98,000
in loans while recovering $ 27,000 and added $ 1,017,000 to the provision for credit losses related to loans and released $ 2,000 to the
provision for off-balance sheet credit exposure for a combined provision of $ 1,015,000.

 The ACL is maintained at a level
determined to be adequate to absorb estimated expected credit losses within the loan portfolio over the contractual life of an instrument
that considers historical loss experience, current conditions, and forecasts of future economic conditions as of the balance sheet date.
The Corporation develops and documents a systematic ACL methodology based on the following portfolio segments: Agriculture, Business Loans,
Consumer Loans, Home Equity, Non-Owner Occupied CRE, and Residential Real Estate. The following are key risks within each portfolio
segment:

 Agriculture – Loans
made to individuals or operating companies within the Agricultural industry. These loans are generally secured by a first lien mortgage
on agricultural land. The primary source of repayment is the income and assets of the borrower. The condition of the agriculture
industry as well as the condition of the national economy is an important indicator of risk for this segment.

 Business Loans —Loans
made to operating companies or manufacturers for the purpose of production, operating capacity, accounts receivable, inventory or equipment
financing. The primary source of repayment for these loans is cash flow from the operations of the corporation. The condition
of the national economy is an important indicator of risk, but there are also more specific risks depending on the industry of the corporation.
This segment also includes loans made to finance construction of buildings or other structures, as well as to finance the acquisition
and development of raw land for various purposes. While the risk of these loans is generally confined to the construction period, if there
are problems, the project may not be completed, and as such, may not provide sufficient cash flow on its own to service the debt or have
sufficient value in a liquidation to cover the outstanding principal. The condition of the national economy is an important indicator
of risk, but there are also more specific risks depending on the type of project and the experience and resources of the developer.

 Consumer - Loans
made to individuals that may be secured by assets other than 1-4 family residences, as well as unsecured loans. This segment
includes personal loans and lines of credit that may be secured or unsecured. The primary source of repayment for these loans
is the income and assets of the borrower. The condition of the national economy, in particular the unemployment rate, is an
important indicator of risk for this segment. The value of the collateral, if there is any, is less likely to be a source of
repayment due to less certain collateral values.

 Home Equity– This
segment generally includes lines of credit and term loans secured by the equity in the borrower's residence. The primary
source of repayment for these facilities is the income and assets of the borrower. The condition of the national economy, in particular
the unemployment rate, is an important indicator of risk for this segment. The state of the national housing market can also have a significant
impact on this segment because low demand and/or declining home values can limit the ability of borrowers to sell a property and satisfy
the debt.

 Non-Owner Occupied CRE - Loans
secured by commercial purpose real estate for various purposes such as hotels, retail, multifamily and health care. The primary sources
of repayment for these loans are the operations of the individual projects and global cash flows of the debtors. The condition of the
national economy is an important indicator of risk, but there are also more specific risks depending on the collateral type and the business
prospects of the lessee.

 Residential Real Estate —Loans
secured by first liens on 1-4 family residential mortgages. The primary source of repayment for these loans is the income and assets of
the borrower. The condition of the national economy, in particular the unemployment rate, is an important indicator of risk for this segment.
The state of the national housing market can also have a significant impact on this segment because low demand and/or declining home values
can limit the ability of borrowers to sell a property and satisfy the debt.

 The December 31, 2024 ending balance of the allowance for credit losses
related to loans was up $ 946,000, or 6.2 %, from December 31, 2023, and the allowance as a percentage of total loans was 1.13 % as of December
31, 2024, and 1.12 % as of December 31, 2023.

 NOTE D – PREMISES AND EQUIPMENT

 The major classes of the Corporation's premises and equipment and
accumulated depreciation are as follows:

 2024

 2023

 $

 $

 Land

 8,486

 5,043

 Buildings and improvements

 32,522

 32,364

 Furniture and equipment

 11,828

 11,246

 Construction in process

 Total

 53,155

 48,928

 Less accumulated depreciation

 ( 25,258
)

 ( 23,644
)

 Premises and equipment

 27,897

 25,284

 Depreciation expense, which is included in operating expenses, amounted
to $ 1,692,000 for 2024, and $ 1,601,000 for 2023. The construction in process category represents expenditures for ongoing projects. When
construction is completed, these amounts will be reclassified into buildings and improvements, and/or furniture and equipment. Depreciation
only begins when the project or asset is placed into service. As of December 31, 2024, the contruction in process consists of primarily
costs associated with the construction of a new branch and balances at December 31, 2023, consists primarily of costs associated with
the construction of a drive-thru facility as well as renovations to leased office space.

 NOTE E – REGULATORY STOCK

 The Bank is a member of the Federal Home Loan Bank (FHLB) of Pittsburgh,
which is one of 11 regional Federal Home Loan Banks. Each FHLB serves as a reserve or central bank for its members within its assigned
region. As a member, the Bank is required to purchase and maintain stock in the FHLB in an amount equal to 0.10 % of its asset value
plus an additional 4 % of its outstanding advances from the FHLB and mortgage partnership finance loans sold to the FHLB. At December 31,
2024, the Bank held $ 9,607,000 in stock of the FHLB compared to $ 7,360,000 as of December 31, 2023.

 The FHLB repurchases excess capital stock on a quarterly basis and pays
a quarterly dividend on stock held by the Corporation. The FHLB's quarterly dividend yield was 9.00 % annualized on activity stock
and 5.60 % annualized on membership stock as of December 31, 2024. Most of the Corporation's dividend is based on the activity stock,
which is based on the amount of borrowings and mortgage activity with FHLB. The Corporation will continue to monitor the financial condition
of the FHLB quarterly to assess its ability to continue to regularly repurchase excess capital stock and pay a quarterly dividend.

 The Corporation also owned $ 1,145,000 of Federal Reserve Bank stock and
$ 37,000 of Atlantic Community Bancshares, Inc. stock, the Bank Holding Company of ACBB, as of December 31, 2024, compared to $ 1,143,000
and $ 37,000, respectively, as of December 31, 2023.

 NOTE F – DEPOSITS

 Deposits by major classifications are summarized as follows:

 2024

 2023

 $

 $

 Non-interest bearing demand

 Interest-bearing demand

 384,236

 313,771

 Money market deposit accounts

 162,514

 158,446

 280,526

 308,913

 Time deposits under $250,000

 365,222

 274,569

 Time deposits of $250,000 or more

 66,234

 59,131

 1,890,443

 1,726,798

 At December 31, 2024, the scheduled maturities
of time deposits are as follows:

 2025

 330,172

 2026

 17,052

 2027

 2,433

 2028

 1,540

 2029

 80,259

 Total

 431,456

 At December 31, 2024, the Bank held $ 97,272,000 in brokered deposits
compared to $ 39,092,000 as of December 31, 2023.

 NOTE G – SHORT TERM BORROWINGS

 Short-term borrowings consist of Federal funds purchased that mature one
business day from the transaction date, overnight borrowings from the Federal Reserve Discount Window, and FHLB advances with a term of
less than one year.

 A summary of short-term borrowings is as follows for the years ended December
31, 2024 and 2023:

 2024

 2023

 $

 $

 Total short-term borrowings outstanding at year end

 —

 Average interest rate at year end

 4.86 %

 —

 Maximum outstanding at any month end

 13,500

 Average amount outstanding for the year

 9,344

 5,587

 Weighted-average interest rate for the year

 5.01 %

 3.53 %

 As of December 31, 2024, the Corporation had approved unsecured
Federal funds lines of $ 30 million. The Corporation also has the ability to borrow from the Federal Reserve through the Discount Window
Program. The amount of borrowing available through the Discount Window was $ 62.0 million as of December 31, 2024. As of December 31, 2023,
the Corporation had $ 48.9 million in available borrowings at the Discount Window. For further information on borrowings from the FHLB
see Note H.

 NOTE H – OTHER BORROWED FUNDS

 Federal Home Loan Bank (FHLB) Borrowings

 Maturities of FHLB borrowings at December 31, 2024, and 2023, are summarized as follows:

 2024

 2023

 Weighted-

 Weighted-

 Rate

 Rate

 $

 %

 $

 %

 FHLB fixed rate loans

 2024

 —

 —

 17,406

 2.02

 2025

 15,984

 2.16

 15,984

 2.16

 2026

 28,158

 4.47

 28,158

 4.47

 2027

 16,833

 4.11

 16,833

 4.11

 2028

 22,847

 3.81

 22,847

 3.81

 Total other borrowings

 83,822

 3.78

 101,228

 3.47

 As a member of the FHLB of Pittsburgh, the Corporation
has access to significant credit facilities. Borrowings from FHLB are secured with a blanket security agreement and the required investment
in FHLB member bank stock. As part of the security agreement, the Corporation maintains unencumbered qualifying assets (principally 1-4
family residential mortgage loans) in an amount at least as much as the advances from the FHLB. Additionally, all of the Corporation's
FHLB stock is pledged to secure these advances.

 The Corporation had an FHLB maximum borrowing capacity of $ 714.9 million
as of December 31, 2024 with remaining borrowing capacity of $ 567.0 million. The borrowing arrangement with the FHLB is subject to annual
renewal. The maximum borrowing capacity is recalculated quarterly.

 Subordinated Debt

 Subordinated debt at December 31, 2024 and 2023 was as follows:

 (Dollars in thousands)

 2024

 2023

 Carrying

 Carrying

 Issued

 Rate

 Issued by

 Ranking

 $

 $

 %

 $

 Date Issued

 Maturity

 ENB Financial Corp

 Subordinated (1)(2)

 19,920

 19,840

 4.00 %

 20,000

 12/30/20

 12/30/30

 ENB Financial Corp

 Subordinated (1)(3)

 19,796

 19,716

 5.75 %

 20,000

 07/22/22

 09/30/32

 Total

 39,556

 (1)
 The subordinated notes qualify as Tier 2 capital for regulatory capital purposes.

 (2)
 ENB Financial Corp has the ability to call the subordinated notes, in whole, or in part, at a redemption price equal to 100 % of the principal
balance at certain times on or after December 30, 2025.

 (3)
 ENB Financial Corp has the ability to call the subordinated notes, in whole, or in part, at a redemption price equal to 100 % of the principal
balance at certain times on or after July 22, 2027.

 NOTE I – CAPITAL TRANSACTIONS

 On October 21, 2020, the Board of Directors of the Corporation approved
a plan to repurchase, in open market and privately negotiated transactions, up to 200,000 shares of its outstanding common stock. This
plan replaced the 2019 plan. As of October 16, 2024, a total of 161,658 shares were repurchased at a total cost of $ 2,675,000, for an
average cost per share of $ 16.55. On October 16, 2024, the Board of Directors of the Corporation approved a plan to repurchase, in open
market and privately negotiated transactions, up to 200,000 shares of its outstanding common stock. This plan replaced the 2020 plan.
As of December 31, 2024, no shares had been repurchased under this plan. Shares repurchased under these plans are held as treasury shares
to be utilized in connection with the Corporation's three stock purchase plans.

 Currently, the following three stock purchase plans are in place:

 a nondiscriminatory employee stock purchase plan (ESPP), which allows employees to purchase shares at a 15 % discount from the stock's
fair market value at the end of each quarter,

 a dividend reinvestment plan (DRP), and;

 a directors' stock purchase plan (DSPP).

 The ESPP was started in 2001 and is the largest of the three plans. There
were 41,800 shares issued through the ESPP in 2024 with 391,686 shares issued since existence. The DRP was started in 2005 with 17,580
shares issued in 2024 and 280,624 total shares issued since existence. Lastly, the DSPP was started in 2010 as an additional option for
board compensation. This plan is limited to outside directors. A total of 4,284 shares were issued in connection with this plan in 2024
and 54,209 since existence. In 2023, there were 46,033 shares issued through the ESPP, 19,421 shares issued through the DRP, and 5,731
shares issued through the DSPP. The plans are beneficial to the Corporation as all reissued shares increase capital and since dividends
are paid out in the form of additional shares, the plans act as a source of funds. The total amount of shares issued from Treasury for
these plans collectively in 2024 and 2023 was 63,664 and 71,185, respectively.

 The Corporation entered into employment agreements with a number of its
key personnel. The initial term of each employment agreement is three (3) years. Each employment agreement shall automatically renew for
additional three (3) year terms at the end of the initial three (3) year term and at the end of each three (3) year renewal of the employment
agreement unless notice to terminate is given by either party at least one hundred eighty (180) days prior to the expiration of the initial
term or any renewal term of the employment agreement. If proper notice to terminate is not given, each employment agreement shall renew
for an additional three (3) years. Further, in consideration of entering into the employment agreements, the employees each received restricted
stock units. Each restricted stock unit represents a contingent right to receive one share of Corporation common stock. The restricted
stock units vest at a rate of 33 1/3% on each anniversary of the date of grant. The product of the number of shares granted and the grant
date market price of the Corporation's common stock determines the fair value of the restricted shares which is expensed over the
vesting period. During the year ended December 31, 2024, the Corporation recorded $ 61,000 of stock-based compensation expense, compared
to $ 62,000 for the year ended December 31, 2023. Expected future compensation expense relating to the restricted stock units is $ 55,000
over the remaining vesting period.

 The following is a summary of the status of the Corporation's nonvested
restricted stock as of December 31, 2024, and changes therein during the year then ended:

 Number of

 Weighted-Average

 Restricted

 Grant Date

 Stock Units

 Nonvested at December 31, 2023

 8,520

 $
 16.31

 Granted

 —

 13.90

 Vested

 3,721

 16.80

 Forfeited

 16.80

 Nonvested at December 31, 2024

 4,204

 $
 16.31

 NOTE J – RETIREMENT PLANS

 The Corporation has a 401(k) Savings Plan under which the Corporation makes
an employer matching contribution, a non-elective safe harbor contribution and a discretionary non-elective profit sharing contribution.
Employee contributions to the plan are subject to the maximum annual Internal Revenue Service contribution
amounts which were $ 23,000 for 2024 and $ 22,500 for 2023, for persons under age 50, and for persons over age 50 were $ 30,500 in 2024 and
$ 30,000 in 2023. The employer matching contribution is made on the compensation of all eligible employees, up to a maximum
of 2.5 % of an eligible employee's compensation, at $0.50 for every $1.00 of employee contribution up to 5 % of an eligible employee's
salary. The Corporation's cost for this 401(k) match was $ 428,000 for 2024 and $ 447,000 for 2023.
For purposes of the 401(k) Savings Plan, covered compensation was limited to $ 345,000 in 2024 and $ 330,000 in 2023. The Corporation's
401(k) Savings Plan is fully funded as all obligations are funded monthly.

 The employer non-elective safe harbor contribution is 3 % of all employee
compensation for the year. Based on the performance of the Corporation the Compensation Committee determined the discretionary non-elective
profit sharing contribution would be 2 % of all eligible employee compensation. For the Corporation, the expense of the 401(k) matching
contribution will be smaller than the non-elective safe harbor and the discretionary non-elective profit sharing expenses as the Corporation
is matching a maximum of up to 2.5 % of salary, depending on employee contributions, compared to contributing up to 5.0 % of eligible employee's
salaries in the safe harbor and discretionary profit sharing contributions. Total expenses of the plan were $ 1,046,000 and $ 986,000, for
2024 and 2023, respectively.

 NOTE K - DEFERRED COMPENSATION

 Prior to 1999, directors of the Corporation had the ability to defer their
directors' fees into a directors' deferred compensation plan. Directors electing to defer their compensation signed a contract
that allowed the Corporation to take out a life insurance policy on the director designed to fund the future deferred compensation obligation,
which is paid out over a ten-year period at retirement age. A contract and life insurance policy was taken out for each period of pay
deferred. The amount of deferred compensation to be paid to each director was actuarially determined based on the amount of life insurance
the annual directors' fees were able to purchase. This amount varies for each director depending on age, general health, and the
number of years until the director is entitled to begin receiving payments. The Corporation is the owner and beneficiary of all life insurance
policies on the directors.

 At the time the directors' pay was deferred, the Corporation used
the amount of the annual directors' fees to pay the premiums on the life insurance policies. The Corporation could continue to pay
premiums after the deferment period, or could allow the policies to fund annual premiums through loans against the policy's cash
surrender value. The Corporation has continued to pay the premiums on the life insurance policies and no loans exist on the policies.

 The life insurance policies had an aggregate death benefit value of $ 5,332,000
at December 31, 2024, and $ 6,069,000 at December 31, 2023. The cash surrender value of the above policies totaled $ 4,257,000 and $ 4,786,000
as of December 31, 2024, and 2023, respectively.

 NOTE L - INCOME TAXES

 Federal income tax expense as reported differs from the amount computed
by applying the statutory Federal income tax rate to income before taxes. A reconciliation of the differences by amount and percent is
as follows:

 FEDERAL INCOME TAX SUMMARY

 2024

 2023

 $

 %

 $

 %

 Income tax at statutory rate

 3,911

 21.0

 3,110

 21.0

 Tax-exempt interest income

 ( 908
)

 ( 4.9
)

 ( 885
)

 ( 6.0
)

 Non-deductible interest expense

 2.8

 2.5

 Bank-owned life insurance

 ( 236
)

 ( 1.3
)

 ( 174
)

 ( 1.2
)

 Other

 0.1

 0.1

 Income tax expense

 3,308

 17.7

 2,436

 16.4

 The ability to realize the benefit of deferred tax assets is dependent
upon a number of factors, including the generation of future taxable income, the ability to carry back losses to recover taxes paid in
previous years, the ability to offset capital losses with capital gains, the reversal of deferred tax liabilities, and certain tax planning
strategies.

 U.S. generally accepted accounting principles prescribe a recognition threshold
and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in
a tax return. Benefits from tax positions should be recognized in the financial statements only when it is more likely than not that the
tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information.
A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater
than 50 percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not
recognition threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously
recognized tax positions that no longer meet the more-likely-than-not recognition threshold should be derecognized in the first subsequent
financial reporting period in which that threshold is no longer met.

 There is currently no liability for uncertain tax positions and no known
unrecognized tax benefits. The Corporation recognizes, when applicable, interest and penalties related to unrecognized tax benefits in
the provision for income taxes in the Consolidated Statements of Income. With few exceptions, the Corporation is no longer subject to
U.S. federal, state, or local income tax examinations by tax authorities for years before 2021.

 Significant components of income tax expense
are as follows:

 2024

 2023

 $

 $

 Current tax expense

 3,036

 2,268

 Deferred tax expense (benefit)

 Income tax expense

 3,308

 2,436

 Components of the Corporation's net deferred
tax position are as follows:

 2024

 2023

 $

 $

 Deferred tax assets

 Allowance for credit losses

 3,386

 3,187

 Allowance for off-balance sheet extensions of credit

 Net unrealized holding losses on securities available for sale

 9,144

 9,132

 Interest on non-accrual loans

 Other

 Total deferred tax assets

 13,348

 13,198

 Deferred tax liabilities

 Premises and equipment

 ( 1,350
)

 ( 1,184
)

 Mortgage servicing rights

 ( 551
)

 ( 464
)

 Discount on investment securities

 ( 527
)

 ( 288
)

 Other

 ( 493
)

 ( 574
)

 Total deferred tax liabilities

 ( 2,921
)

 ( 2,510
)

 Net deferred tax assets

 10,427

 10,688

 NOTE M – REGULATORY MATTERS AND RESTRICTIONS

 The Corporation and the Bank are subject to various regulatory capital
requirements administered by the Federal banking agencies. Failure to meet the minimum capital requirements can initiate certain mandatory
and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Corporation's
consolidated financial statements.

 The consolidated asset limit on small bank holding companies is $ 3 billion
and a company with assets under that limit is not subject to the consolidated capital rules but may disclose capital amounts and ratios.
The Corporation has elected to disclose those amounts and ratios.

 Under capital adequacy guidelines and the regulatory framework for prompt
corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities, and
certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classifications are also
subject to qualitative judgments by the regulators about components, risk weightings, and other factors. The quantitative measures established
by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth below) of tier I capital to
average assets, and common equity tier I capital, tier I capital, and total capital to risk-weighted assets.

 As of December 31, 2024 and 2023, the Bank was categorized as "well
capitalized" under the regulatory framework for prompt corrective action. There are no conditions or events since that notification
that management believes have changed the institution's category. The following chart details the Corporation's and the Bank's
capital levels as of December 31, 2024 and December 31, 2023, compared to regulatory levels.

 CAPITAL LEVELS

 To Be Well

 Capitalized Under

 For Capital

 Prompt Corrective

 Actual

 Adequacy Purposes

 Action Provision

 $

 %

 $

 %

 $

 %

 As of December 31, 2024

 Total Capital to Risk-Weighted Assets

 222,127

 14.6

 N/A

 N/A

 N/A

 N/A

 Bank

 218,123

 14.4

 121,445

 8.0

 151,807

 10.0

 Tier I Capital to Risk-Weighted Assets

 164,966

 10.9

 N/A

 N/A

 N/A

 N/A

 Bank

 200,678

 13.2

 91,084

 6.0

 121,445

 8.0

 Common Equity Tier I Capital to Risk-Weighted Assets

 164,966

 10.9

 N/A

 N/A

 N/A

 N/A

 Bank

 200,678

 13.2

 68,313

 4.5

 98,674

 6.5

 Tier I Capital to Average Assets

 164,966

 7.5

 N/A

 N/A

 N/A

 N/A

 Bank

 200,678

 9.1

 88,018

 4.0

 110,022

 5.0

 As of December 31, 2023

 Total Capital to Risk-Weighted Assets

 210,066

 14.8

 N/A

 N/A

 N/A

 N/A

 Bank

 204,290

 14.4

 113,182

 8.0

 141,477

 10.0

 Tier I Capital to Risk-Weighted Assets

 154,009

 10.9

 N/A

 N/A

 N/A

 N/A

 Bank

 187,790

 13.3

 84,886

 6.0

 113,182

 8.0

 Common Equity Tier I Capital to Risk-Weighted Assets

 154,009

 10.9

 N/A

 N/A

 N/A

 N/A

 Bank

 187,790

 13.3

 63,665

 4.5

 91,960

 6.5

 Tier I Capital to Average Assets

 154,009

 7.7

 N/A

 N/A

 N/A

 N/A

 Bank

 187,790

 9.4

 80,295

 4.0

 100,369

 5.0

 In addition to the capital guidelines, certain laws restrict the amount
of dividends paid to stockholders in any given year. The approval of the OCC shall be required if the total of all dividends declared
by the Corporation in any year shall exceed the total of its net profits for that year combined with retained net profits of the preceding
two years. Under this restriction, the Corporation could declare dividends in 2025, without the approval of the OCC, of approximately
$ 23.4 million, plus an additional amount equal to the Corporation's net profits for 2025, up to the date of any such dividend declaration.

 NOTE N – TRANSACTIONS WITH DIRECTORS AND OFFICERS

 The following table presents activity in the amounts due from directors,
executive officers, immediate family, and affiliated companies. An analysis of the activity with respect to such aggregate loans to related
parties is shown below.

 LOANS TO INSIDERS

 2024

 2023

 $

 $

 Balance, beginning of year

 1,968

 2,624

 Advances

 1,369

 Repayments

 ( 1,372
)

 ( 2,025
)

 Balance, end of year

 1,968

 Deposits from the insiders totaled $ 1,798,000 as of December 31, 2024,
and $ 1,792,000 as of December 31, 2023.

 NOTE O - COMMITMENTS AND CONTINGENCIES

 In the normal course of business, the Corporation makes various commitments
that are not reflected in the accompanying consolidated financial statements. These are commonly referred to as off-balance sheet commitments
and include firm commitments to extend credit, unused lines of credit, and open letters of credit. On December 31, 2024, firm loan commitments
totaled approximately $ 64.9 million; unused lines of credit totaled $ 510.5 million; and open letters of credit totaled $ 16.4 million.
The sum of these commitments, $ 591.8 million, represents total exposure to credit loss in the event of nonperformance by customers with
respect to these financial instruments; however the vast majority of these commitments are typically not drawn upon. The same credit policies
for on-balance sheet instruments apply for making commitments and conditional obligations and the actual credit losses that could arise
from the exercise of these commitments is expected to compare favorably with the credit loss experience on the loan portfolio taken as
a whole. Commitments to extend credit on December 31, 2023, totaled $ 614.5 million, representing firm loan commitments of $ 91.5 million,
unused lines of credit of $ 504.7 million, and open letters of credit totaling $ 18.3 million.

 Firm commitments to extend credit and unused lines of credit are agreements
to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed
expiration dates or other termination clauses. Since many of the commitments are expected to expire without being drawn upon, the total
commitment amounts do not necessarily represent future cash requirements. Each customer's creditworthiness is evaluated on an individual
basis. The amount of collateral obtained, if deemed necessary by the extension of credit, is based on management's credit evaluation
of the customer. These commitments are supported by various types of collateral, where it is determined that collateral is required.

 Open letters of credit are conditional commitments issued to guarantee
the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements.
Most guarantees expire within one year. The credit risk involved in issuing letters of credit is essentially the same as that involved
in extending loans to customers. While various assets of the customer act as collateral for these letters of credit, real estate is the
primary collateral held for these potential obligations.

 NOTE P - FINANCIAL INSTRUMENTS WITH CONCENTRATIONS OF CREDIT RISK

 The Corporation determines concentrations of credit risk by reviewing loans
by borrower, geographical area, and loan purpose. The amount of credit extended to a single borrower or group of borrowers is capped by
the legal lending limit, which is defined as 15 % of the Bank's risk-based capital, less the allowance for credit losses. The Corporation's
lending policy further restricts the amount to 75 % of the legal lending limit. As of December 31, 2024, the Corporation's legal
lending limit was $ 32,718,000, and the Corporation's lending policy internal limit was $ 24,539,000. This compared to a legal lending
limit of $ 30,644,000, and lending policy limit of $ 22,983,000 as of December 31, 2023. As of December 31, 2024 and 2023, no lending relationships
exceeded the Corporation's internal lending policy limit.

 Geographically, the primary lending area for the Corporation is defined
as its market area, with the vast majority of the loans made in Lancaster County. The ability of debtors to honor their loan agreements
is impacted by the health of the local economy. The Corporation's immediate market area benefits from a diverse economy, which has
resulted in a diverse loan portfolio. As a community bank, the largest amount of loans outstanding consists of personal mortgages, residential
rental loans, and personal loans secured by real estate. Beyond personal lending, the Corporation's business and commercial lending
includes loans for agricultural, construction, specialized manufacturing, service industries, many types of small businesses, and loans
to governmental units and non-profit entities.

 Management evaluates concentrations of credit based on loan purpose on
a quarterly basis. The Corporation's greatest concentration of loans by purpose is residential real estate including home equity
loans, which comprises $ 632.4 million, or 44.4 %, of the $ 1,425.4 million gross loans outstanding as of December 31, 2024. This compares
to $ 604.7 million, or 44.5 %, of the $ 1,357.9 million of gross loans outstanding as of December 31, 2023.

 The Corporation remains focused on agricultural purpose loans, of which
the vast majority are real estate secured. Agricultural mortgages made up 20.3 % of gross loans as of December 31, 2024, compared to 19.0 %
as of December 31, 2023; however these agricultural mortgages are spread over several broader types of agricultural purpose loans. More
specifically within these larger purpose categories, management monitors on a quarterly basis the largest concentrations of non-consumer
credit based on the North American Industrial Classification System (NAICS). As of December 31, 2024, the largest specific industry type
categories were non-residential real estate investment loans of $ 111.6 million, or 7.8 % of gross loans, dairy cattle and milk production
loans of $ 90.7 million, or 6.4 % of gross loans, and residential real estate investment loans with a balance of $ 81.7 million, or 5.7 %
of gross loans.

 To evaluate risk for the securities portfolio, the Corporation reviews
both geographical concentration and credit ratings. The largest geographical concentrations as of December 31, 2024, were obligations
of states and political subdivisions located in the states of California and Pennsylvania. Based on fair market value, the Corporation
had 19 % of its portfolio invested in Pennsylvania municipals and 20 % in California. As of December 31, 2024, no municipal bonds were below
an A credit rating.

 The Corporation held $ 57.4 million of corporate bonds based on amortized
cost as of December 31, 2024. Out of the $ 57.4 million of total corporate securities, $ 54.4 million is domestic and $ 3.0 million is foreign-issued
debt. Most of the Corporation's foreign-issued debt is from the United Kingdom, Australia, and Switzerland. In addition, $ 33.7 million,
or 58.8 %, of the corporate bonds held are invested in national or foreign banks, bank holding companies, brokerage firms, or finance companies.

 By internal policy, at time of purchase, all corporate bonds must carry
a credit rating of at least A3 by Moody's or A- by S&P, and at all times corporate bonds are to be investment grade, which is
defined as Baa3 for Moody's and BBB- for S&P, or above. As of December 31, 2024, all of the Corporation's corporate bonds
carried at least one single A credit rating of A3 by Moody's or A- by S&P. All were considered investment grade.

 NOTE Q – LEASES

 A lease is defined as a contract, or part of a contract, that conveys the
right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. For the Corporation,
Topic 842 primarily affects the accounting treatment for operating lease agreements in which the Corporation is the lessee.

 All of these leases in which the Corporation is the lessee are comprised
of real estate property for branches and office space with terms extending through 2042. All of the Corporation's leases are classified
as operating leases.

 The following table represents the Consolidated Balance Sheet classification
of the Corporation's Right-of-Use (ROU) assets and lease liabilities.

 Lease Consolidated Balance Sheets Classification

 (Dollars in Thousands)

 Classification

 Lease Right-of-Use Assets

 Operating lease right-of use assets

 Other Assets

 $
 2,347

 $
 2,736

 Lease Liabilities

 Operating lease liabilties

 Other Liabilities

 $
 2,405

 $
 2,781

 The calculated amount of the ROU assets and lease liabilities in the table
above are impacted by the length of the lease term and the discount rate used to determine the present value of the minimum lease payments.
The Corporation's lease agreements often include one or more options to renew at the Corporation's discretion. If at lease
inception, the Corporation considers the exercising of a renewal option to be reasonably certain, the Corporation will include the extended
term in the calculation of the ROU asset and lease liability. Regarding the discount rate, Topic 842 requires the use of the rate implicit
in the lease whenever this rate is readily determinable. As the rate is rarely determinable, the Corporation utilizes its incremental
borrowing rate at lease inception, on a collateralized basis, over a similar term.

 Weighted-average remaining lease term

 Operating leases

 12.3 years

 12.2 years

 Weighted-average discount rate

 Operating leases

 2.88 %

 2.85 %

 The total rent expense for all operating leases was $ 496,000 and $ 468,000
for the years ended December 31, 2024 and 2023, respectively. As the Corporation elected, for all classes of underlying assets, not to
separate lease and non-lease components and instead to account for them as a single lease component, the variable lease cost primarily
represents variable payments such as common area maintenance and utilities.

 Future minimum payments for operating leases with initial or remaining
terms of one year or more as of December 31, 2024 were as follows:

 (Dollars in Thousands)

 Operating Leases

 Twelve Months Ended:

 December 31, 2025

 $

 December 31, 2026

 December 31, 2027

 December 31, 2028

 December 31, 2029

 Thereafter

 1,582

 Total Future Minimum Lease Payments

 2,864

 Amounts Representing Interests

 ( 459
)

 Present Value of Net Future Minimum Lease Payments

 $
 2,405

 NOTE R - FAIR VALUE MEASUREMENTS

 U.S. generally accepted accounting principles establish a hierarchal disclosure
framework associated with the level of observable pricing utilized in measuring assets and liabilities at fair value. The three broad
levels defined by the hierarchy are as follows:

 Level I:

 Quoted prices are available in active markets for identical assets or liabilities as of the reported date.

 Level II:

 Pricing inputs are other than the quoted prices in active markets, which are either directly or indirectly observable as of the reported
date. The nature of these assets and liabilities includes items for which quoted prices are available but traded less frequently and
items that are fair-valued using other financial instruments, the parameters of which can be directly observed.

 Level III:

 Assets and liabilities that have little to no observable pricing as of the reported date. These items do not have two-way markets and
are measured using management's best estimate of fair value, where the inputs into the determination of fair value require significant
management judgement or estimation.

 This hierarchy requires the use of observable market data when available.

 The following tables provide the fair market value for assets required
to be measured and reported at fair value on a recurring basis on the Consolidated Balance Sheets as of December 31, 2024 and December
31, 2023, by level within the fair value hierarchy. As required by U.S. generally accepted accounting principles, financial assets and
liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

 ASSETS REPORTED AT FAIR VALUE ON A RECURRING BASIS

 Level I

 Level II

 Level III

 Total

 $

 $

 $

 $

 Asssets

 —

 —

 —

 —

 —

 —

 U. S. agency collateralized mortgage obligations

 —

 110,995

 —

 110,995

 Non-agency MBS/CMO

 —

 145,211

 145,211

 —

 57,268

 —

 57,268

 —

 —

 —

 178,475

 —

 178,475

 Marketable equity securities

 9,710

 —

 —

 9,710

 Total securities

 28,172

 597,968

 —

 626,140

 Derivatives and hedging activities

 3,929

 3,929

 Liabilities

 Derivatives and hedging activities

 —

 —

 On December 31, 2024, the Corporation held no securities valued using level
III inputs. All of the Corporation's debt instruments were valued using levels I and II inputs. Level I means each investment has
their own quoted prices in an active market and Level II means quoted prices are available and observable but not necessarily quotes on
identical securities traded in active markets on a daily basis. The Corporation's CRA fund investments and bank stocks are fair
valued utilizing level I inputs.

 Financial instruments are considered level III when their values are determined
using pricing models, discounted cash flow methodologies, or similar techniques, and at least one significant model assumption or input
is unobservable. In addition to these unobservable inputs, the valuation models for level III financial instruments typically also rely
on a number of inputs that are readily observable either directly or indirectly. Level III financial instruments also include those for
which the determination of fair value requires significant management judgment or estimation.

 ASSETS REPORTED AT FAIR VALUE ON A RECURRING BASIS

 Level I

 Level II

 Level III

 Total

 $

 $

 $

 $

 —

 —

 —

 —

 —

 40,156

 —

 40,156

 U. S. agency collateralized mortgage obligations

 —

 —

 Non-agency MBS/CMO

 —

 56,187

 56,187

 —

 65,305

 —

 65,305

 —

 —

 —

 187,383

 —

 187,383

 Marketable equity securities

 9,451

 —

 —

 9,451

 Total securities

 27,610

 441,410

 —

 469,020

 On December 31, 2023, the Corporation held no securities valued using level
III inputs. All of the Corporation's debt instruments were valued using levels I and II inputs. Level I means each investment has
their own quoted prices in an active market and Level II means quoted prices are available and observable but not necessarily quotes on
identical securities traded in active markets on a daily basis. The Corporation's CRA fund investments and bank stocks are fair
valued utilizing level I inputs because the funds have their own quoted prices in an active market.

 The following table provides the fair value for each
class of assets required to be measured and reported at fair value on a nonrecurring basis on the Consolidated Balance Sheets as of December
31, 2024 and December 31, 2023, by level within the fair value hierarchy:

 ASSETS MEASURED ON A NONRECURRING BASIS

 Level I

 Level II

 Level III

 Total

 $

 $

 $

 $

 Assets:

 Individually analyzed Loans

 —

 —

 —

 —

 Level I

 Level II

 Level III

 Total

 $

 $

 $

 $

 Assets:

 Individually analyzed Loans

 —

 —

 3,144

 3,144

 Total

 —

 —

 3,144

 3,144

 The Corporation had a total of $ 13,976,000 of individually
analyzed loans with $ 773,000 specific allocation against these loans as of December 31, 2024. As of December 31, 2023, the Corporation
had a total of $ 3,144,000 of individually analyzed loans with no specific allocation against these loans. The value of individually analyzed
loans is generally determined through independent appraisals of the underlying collateral.

 The following table presents additional quantitative information about
assets measured at fair value on a nonrecurring basis for which the Corporation has utilized level III inputs to determine fair value:

 QUANTITATIVE INFORMATION ABOUT LEVEL III FAIR VALUE MEASUREMENTS

 Valuation
 Unobservable
 Range

 Estimate
 Techniques
 Input
 (Weighted Avg)

 Individually analyzed loans
 Appraisal of collateral (1)
 Appraisal adjustments (2)
 0 % to - 20 % (-20%)

 Liquidation expenses (2)
 0 % to - 10 % (-10%)

 Valuation
 Unobservable
 Range

 Estimate
 Techniques
 Input
 (Weighted Avg)

 Individually analyzed loans
 3,144
 Appraisal of collateral (1)
 Appraisal adjustments (2)
 0 % to - 20 % (-20%)

 Liquidation expenses (2)
 0 % to - 10 % (-10%)

 (1) Fair value is generally determined through
independent appraisals of the underlying collateral, which generally includes various level III inputs which are not identifiable.

 (2) Appraisals may be adjusted by
management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted
average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

 NOTE S - DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS

 The following tables provide the carrying amount for each class of assets
and liabilities and the fair value for certain financial instruments that are not required to be measured or reported at fair value on
the Corporation's Consolidated Balance Sheets as of December 31, 2024 and December 31, 2023:

 FINANCIAL INSTRUMENTS NOT REQUIRED TO BE MEASURED OR REPORTED AT FAIR VALUE

 Quoted Prices in

 Active Markets

 Significant Other

 Significant

 for Identical

 Observable

 Unobservable

 Carrying

 Assets

 Inputs

 Inputs

 (Level 1)

 (Level II)

 (Level III)

 $

 $

 $

 $

 $

 Financial Assets:

 Cash and cash equivalents

 —

 —

 10,789

 10,789

 10,789

 —

 —

 Loans held for sale

 3,996

 3,996

 3,996

 —

 —

 Loans, net of allowance

 1,411,147

 1,374,663

 —

 —

 1,374,663

 Mortgage servicing assets

 2,364

 3,179

 —

 —

 3,179

 Accrued interest receivable

 8,624

 8,624

 8,624

 —

 —

 Bank owned life insurance

 36,014

 36,014

 36,014

 —

 —

 Financial Liabilities:

 —

 —

 Interest-bearing demand deposits

 384,236

 384,236

 384,236

 —

 —

 Money market deposit accounts

 162,514

 162,514

 162,514

 —

 —

 280,526

 280,526

 280,526

 —

 —

 431,456

 432,958

 —

 —

 432,958

 1,890,443

 1,891,945

 1,458,987

 —

 432,958

 Short-term debt

 —

 —

 Long-term debt

 83,822

 83,841

 —

 —

 83,841

 Subordinated debt

 35,593

 —

 —

 35,593

 Accrued interest payable

 3,169

 3,169

 3,169

 —

 —

 FINANCIAL INSTRUMENTS NOT REQUIRED TO BE MEASURED OR REPORTED AT FAIR VALUE

 Quoted Prices in

 Active Markets

 Significant Other

 Significant

 for Identical

 Observable

 Unobservable

 Carrying

 Assets

 Inputs

 Inputs

 (Level 1)

 (Level II)

 (Level III)

 $

 $

 $

 $

 $

 Financial Assets:

 Cash and cash equivalents

 —

 —

 8,540

 8,540

 8,540

 —

 —

 Loans held for sale

 —

 —

 Loans, net of allowance

 1,344,902

 1,300,300

 —

 —

 1,300,300

 Mortgage servicing assets

 2,151

 2,904

 —

 —

 2,904

 Accrued interest receivable

 7,015

 7,015

 7,015

 —

 —

 Bank owned life insurance

 35,632

 35,632

 35,632

 —

 —

 Financial Liabilities:

 —

 —

 Interest-bearing demand deposits

 214,033

 214,033

 214,033

 —

 —

 NOW accounts

 99,738

 99,738

 99,738

 —

 —

 Money market deposit accounts

 158,446

 158,446

 158,446

 —

 —

 308,913

 308,913

 308,913

 —

 —

 333,700

 331,680

 —

 —

 331,680

 1,726,798

 1,724,778

 1,393,098

 —

 331,680

 Long-term debt

 101,228

 101,509

 —

 —

 101,509

 Subordinated debt

 39,556

 33,976

 —

 —

 33,976

 Accrued interest payable

 2,203

 2,203

 2,203

 —

 —

 NOTE T – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

 The activity in accumulated other comprehensive income (loss) for the years
ended December 31, 2024 and 2023 is as follows:

 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (1) (2)

 Accumulated Other Comprehensive Loss

 Gains/(Losses)

 on Securities

 Available-for-Sale

 Derivatives

 Total

 $

 $

 $

 Balance at January 1, 2024

)

 —

)

 Other comprehensive (losses) income before reclassifications

 ( 26
)

 Amount reclassified from accumulated other comprehensive loss

 —

 Period change

 Balance at December 31, 2024

 ( 34,304
)

 ( 34,143
)

 Balance at January 1, 2023

 ( 48,292
)

 —

 ( 48,292
)

 Other comprehensive income before reclassifications

 12,854

 —

 12,854

 Amount reclassified from accumulated other comprehensive income

 1,083

 —

 1,083

 Period change

 —

 Balance at December 31, 2023

)

 —

)

 (1)
 All amounts are net of tax. Related income tax expense or benefit is calculated using a Federal income tax rate of 21 %.

 (2)
 Amounts in parentheses indicate debits.

 DETAILS ABOUT ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) COMPONENTS (1)

 Amount Reclassified from

 Accumulated Other Comprehensive

 Income (Loss)

 For the Year Ended

 Affected Line Item

 2024

 2023

 in the Consolidated

 $

 $

 Statements of Income

 Securities available for sale:

 Net securities losses reclassified into earnings

 ( 97
)

 ( 1,371
)

 Losses on sale of debt securities, net

 Related income tax benefit (expense)

 Provision for federal income taxes

 Net Effect on accumulated other comprehensive loss for the period

 ( 77
)

 ( 1,083
)

 Total reclassifications for the period

 ( 77
)

 ( 1,083
)

 (1) Amounts in parentheses indicate debits.

 NOTE U – DERIVATIVES AND HEDGING ACTIVITIES

 Risk Management Objective of Using Derivatives

 The Corporation is exposed to certain risks arising from both its business
operations and economic conditions. The Corporation principally manages its exposures to a wide variety of business and operational risks
through management of its core business activities. The Corporation manages economic risks, including interest rate risk, liquidity risk,
and credit risk, primarily by managing the amount, sources, and duration of its assets and liabilities and through the use of derivative
financial instruments. Specifically, the Corporation enters into derivative financial instruments to manage exposure that arises from
business activities that result in changes in the value of certain assets as a result of interest rate changes. The Corporation's
derivative financial instruments are used to manage these fair value fluctuations principally related to certain fixed rate debt securities.

 Fair Values of Derivative Instruments on the Consolidated Balance Sheet

 In 2024, the Corporation entered into certain interest rate swap contracts
that are matched to closed portfolios of available-for-sale investment securities. These contracts have been designated as hedging instruments
to hedge the risk of changes in the fair value of the underlying investment securities due to changes in interest rates. The related
contracts are structured so that the notional amounts reduce over time to generally match the expected amortization of the underlying
investment security. The following amounts were recorded on the consolidated balance sheets related to the cumulative basis adjustment
for the fair value hedges as of December 31, 2024 and December 31, 2023:

 Carrying Amount

 Cumulative Amount of Fair Value

 of the Hedged Assets

 Hedging Adjustment

 12/31/2024

 12/31/2023

 12/31/2024

 12/31/2023

 Investment Securities, Available-for-Sale 1

 $
 195,904

 $
 —

 $
 ( 3,758
)

 $
 —

 1 Carrying value represents amortized cost

 These amounts were included in the fair value of closed portfolios of available-for-sale
investment securities used to designate hedging relationships in which the hedged item is in the stated amount of assets in the closed
portfolios anticipated to be outstanding for the designated hedge period. As of December 31, 2024, the fair value of the closed portfolios
used in these hedging relationships was $ 187.4 million. As of December 31, 2024, the notional amount of hedged assets was $ 193.9 million.

 The Corporation is exposed to changes in the fair value of fixed-rate
assets due to changes in benchmark interest rates. The Corporation entered into pay-fixed and receive-floating interest rate swaps to
manage its exposure to changes in the fair value of its available-for-sale investment securities. These interest rate swaps are designated
as fair value hedges using the portfolio layer method. The Corporation receives variable-rate interest payments in exchange for making
fixed-rate payments over the lives of the contracts without exchanging the notional amounts. The fair value hedges are recorded as components
of other assets and other liabilities in the Corporation's consolidated balance sheets. The gain or loss on these derivatives,
as well as the offsetting gain or loss on the hedged items attributable to the hedged risk are recognized in interest income in the Corporation's
consolidated statements of income.

 The table below presents the fair value of the Corporation's derivative
financial instruments as well as their classification on the Consolidated Balance Sheet as of December 31, 2024 and 2023, (in thousands).

 Fair Values of Derivative Instruments on the Consolidated Balance Sheet

 Fair Values of Derivative Instruments

 Asset Derivatives

 Notional

 As of December 31, 2024

 Notional

 As of December 31, 2023

 Notional

 Hedged Item

 Balance Sheet Location

 Balance Sheet Location

 MBS Bonds

 $
 195,904

 Other Assets

 $
 3,929

 $
 193,800

 —

 —

 —

 FHLB Advances

 Other Assets

 —

 —

 —

 —

 Total derivatives designated as hedging instruments

 $
 255,904

 $
 3,929

 $
 253,800

 —

 —

 —

 Cash Flow Hedges of Interest Rate Risk

 The Corporation's objectives in using interest rate
derivatives are to add stability to interest income and expense and to manage its exposure to interest rate movements. To accomplish this
objective, the Corporation has entered into certain interest rate swaps as part of its interest rate risk management strategy. These interest
rate swaps are designated as cash flow hedges and involve the receipt of variable rate amounts from a counterparty in exchange for the
Corporation making fixed payments. As of December 31, 2024, the Corporation had two interest rate swaps with a notional of $ 60 million
associated with the Corporation's cash outflows associated with two short term FHLB advances.

 For derivatives designated as cash flow hedges, the effective
portion of changes in the fair value of the derivative is initially reported in other comprehensive income (outside of earnings), net
of tax, and subsequently reclassified to earnings when the hedged transaction affects earnings, and the ineffective portion of changes
in the fair value of the derivative is recognized directly in earnings. The Corporation assesses the effectiveness of each hedging relationship
by comparing the changes in cash flows of the derivative hedging instrument with the changes in cash flows of the designated hedged transactions.
The Corporation did not recognize any hedge ineffectiveness in earnings during the period ended December 31, 2024.

 Amounts reported in accumulated other
comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Corporation's
variable-rate liabilities. During the period ended December 31, 2024, the Corporation had $ 73,000 in gains, classified as a reduction
in interest expense.

 The table below presents the effect of the Bank's cash
flow hedge accounting on Accumulated Other Comprehensive Income for the periods ended December 31, 2024 and December 31, 2023 (in thousands).

 The Effect of Fair Value and Cash Flow Hedge Accounting
on Accumulated Other Comprehensive Income (Loss)

 Amount of (Loss) Gain Recognized

in OCI on Derivative

 Amount of Gain Reclassified

from Accumulated OCI into

Income

 Location of Gain Reclassified

 from Accumulated OCI into

 2024

 2023

 Income

 2024

 2023

 Derivatives in Cash Flow Hedging Relationships

 Interest Rate Products

 $

 $
 —

 Interest Expense

 $
 ( 73
)

 $
 —

 Credit-risk-related Contingent Features

 The Corporation has agreements with its derivative counterparties
that contain a provision where if the Corporation defaults on any of its indebtedness, including default where repayment of the indebtedness
has not been accelerated by the lender, then the Corporation could also be declared in default on its derivative obligations.

 The Corporation also has agreements with certain of its derivative
counterparty that contain a provision where if the Corporation fails to maintain its status as a well / adequately capitalized institution,
then the counterparty could terminate the derivative positions and the Corporation would be required to settle its obligations under the
agreements.

 As of December 31, 2024, the Corporation had derivatives
in a net asset position and was not required to post collateral against its obligations under these agreements. If the Corporation had
breached any of these provisions at December 31, 2024, it could have been required to settle its obligations under the agreements at the
termination value.

 NOTE V – SEGMENT REPORTING

 ASC Topic 280 –
Segment Reporting identifies operating segments as components of an enterprise which are evaluated regularly by the Corporation's
Chief Operating Decision Maker, our Chief Executive Officer, in deciding how to develop strategy, allocate resources and assess performance.

 While the Corporation monitors the revenue streams
of the various products and services, operations are managed, and financial performance is evaluated on an entity-wide basis. The Corporation
provides a variety of financial services to individuals and small businesses in Lancaster County, southeastern Lebanon County, and southwestern
Berks County through its branch network. Its primary deposit products are checking, savings and term certificate accounts, and its primary
lending products are commercial, agricultural, residential and construction mortgages, small business, and consumer loans.

 Operating segments are aggregated into one segment,
as operating results for all segments are similar. Accordingly, all the financial service operations are considered by management to be
aggregated in one reportable operating segment, Community Banking.

 The Chief Operating Decision Maker assesses performance
and decides how to allocate resources based on net income that also is reported on the income statement as consolidated net income. Net
income is used to monitor budget versus actual results.

 The Chief Operating
Decision Maker uses revenue streams and significant expenses to assess performance and evaluate return on assets and return on equity.
The Chief Operating Decision Maker uses consolidated net income to benchmark the Corporation against its competitors. The benchmarking
analysis and budget to actual results are used in assessing performance and in establishing compensation.

 The accounting
policies for the Community Banking segment are the same as those of our consolidated entity, which are described in Note A. Information
utilized in the performance assessment by the Chief Operating Decision Maker is consistent with the level of aggregation disclosed in
the Consolidated Statement of Income. The measure of segment assets is reported on the balance sheet as total consolidated assets.

 NOTE W – CONDENSED PARENT ONLY DATA

 Condensed Balance Sheets (Parent Company Only)

 2024

 2023

 $

 $

 Assets

 Cash

 1,218

 2,969

 Equity securities

 1,193

 1,717

 Equity in bank subsidiary

 166,696

 153,434

 Other assets

 1,616

 1,100

 Total assets

 170,723

 159,220

 Liabilities

 Subordinated debt

 39,556

 Other Liabilities

 Total Liabilities

 39,739

 39,566

 Stockholders' Equity

 Common stock

 Capital surplus

 3,957

 4,072

 Retained earnings

 162,006

 150,596

 Accumulated other loss, net of tax

 ( 34,143
)

)

 Treasury stock

 ( 1,410
)

 ( 1,233
)

 Total stockholders' equity

 130,984

 119,654

 Total liabilities and stockholders' equity

 170,723

 159,220

 Condensed Statements of Comprehensive Income

 2024

 2023

 $

 $

 Income

 Dividend income - investment securities

 Losses on equity securities, net

 ( 126
)

 Dividend income

 3,906

 3,837

 Undistributed earnings of bank subsidiary

 12,989

 10,438

 Total income

 17,225

 14,220

 Expense

 Subordinated debt interest expense

 1,950

 1,950

 Shareholder expenses

 Other expenses

 Total expense

 2,337

 2,360

 Benefit for income taxes

 ( 429
)

 ( 515
)

 Net Income

 Comprehensive Income

 15,529

 26,312

 Condensed Statements of Cash Flows

 2024

 2023

 Cash Flows from Operating Activities:

 $

 $

 Net Income

 Equity in undistributed earnings of subsidiaries

 ( 12,989
)

 ( 10,438
)

 (Gains) losses on equity securities, net

 ( 256
)

 Net amortization of subordinated debt fees

 Net decrease (increase) in other assets

 ( 332
)

 Net decrease in other liabilities

 ( 1,449
)

 ( 16
)

 Net cash provided by operating activities

 1,728

 1,874

 Cash Flows from Investing Activities:

 Proceeds from sales of equity securities

 —

 Purchases of equity securities

 —

 ( 70
)

 Net cash provided by (used for) investing activities

 ( 70
)

 Cash Flows from Financing Activities:

 Proceeds from sale of treasury stock

 Treasury stock purchased

 ( 1,318
)

 ( 572
)

 Dividends paid

 ( 3,907
)

 ( 3,837
)

 Net cash used for financing activities

 ( 4,260
)

 ( 3,436
)

 Cash and Cash Equivalents:

 Net change in cash and cash equivalents

 ( 1,751
)

 ( 1,632
)

 Cash and cash equivalents at beginning of period

 2,969

 4,601

 Cash and cash equivalents at end of period

 1,218

 2,969

 Item 9. Changes in and Disagreements with Accountants on Accounting
and Financial Disclosure

 None

 Item 9A. Controls and Procedures

 (a) Evaluation of Disclosure Controls and Procedures.

 Management carried out an evaluation, under the supervision
and with the participation of the Chief Executive Officer (Principal Executive Officer) and Treasurer (Principal Financial Officer), of
the effectiveness of the design and the operation of the Corporation's disclosure controls and procedures (as such term as defined
in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of December 31, 2024, pursuant to Exchange Act Rule 13a-15. Based upon that
evaluation, the Chief Executive Officer (Principal Executive Officer) along with the Treasurer (Principal Financial Officer) concluded
that the Corporation's disclosure controls and procedures as of December 31, 2024, are effective in timely alerting them to material
information relating to the Corporation required to be in the Corporation's periodic filings under the Exchange Act.

 (b) Changes in Internal Controls.

 There have been no changes in the Corporation's internal
controls over financial reporting that occurred during the most recent fiscal quarter that has materially affected, or is reasonably likely
to materially affect, the Corporation's internal control over financial reporting.

 (c) Report on Management's Assessment of Internal Control
over Financial Reporting

 The Corporation is responsible for the preparation, integrity,
and fair presentation of the financial statements included in this annual report. The financial statements and notes included in this
annual report have been prepared in conformity with United States generally accepted accounting principles and necessarily include some
amounts that are based on management's best estimates and judgments.

 Management of the Corporation is responsible for establishing
and maintaining effective internal control over financial reporting that is designed to produce reliable financial statements in conformity
with United States generally accepted accounting principles. The system of internal control over financial reporting as it relates to
the financial statements is evaluated for effectiveness by management and tested for reliability through a program of internal audits.
Actions are taken to correct potential deficiencies as they are identified. Any system of internal control, no matter how well designed,
has inherent limitations, including the possibility that a control can be circumvented or overridden and misstatements due to error or
fraud may occur and not be detected. Also, because of changes in conditions, internal control effectiveness may vary over time. Accordingly,
even an effective system of internal control will provide only reasonable assurance with respect to financial statement preparation.

 Management assessed the Corporation's system of internal
control over financial reporting as of December 31, 2024, in relation to criteria for effective internal control over financial reporting
as described in "Internal Control - Integrated Framework," issued by the Committee of Sponsoring Organizations of the Treadway
Commission. Based on this assessment, management concludes that, as of December 31, 2024, its system of internal control over financial
reporting is effective and meets the criteria of the "Internal Control – Integrated Framework."

 This annual report does not include an attestation report of
the Corporation's registered public accounting firm regarding internal control over financial reporting. Management's report
was not subject to attestation by the Corporation's registered public accounting firm pursuant to the Dodd-Frank Act exemption rules
of the SEC that permit the Corporation to provide only Management's report in this annual report.

 /s/ Jeffrey S. Stauffer

 /s/ Rachel G. Bitner

 Jeffrey S. Stauffer

 Rachel G. Bitner

 Chairman of the Board

 Treasurer

 Chief Executive Officer and President

 (Principal Financial Officer)

 (Principal Executive Officer)

 Ephrata, PA

 Item 9B. Other Information

 During the three months ended December 31, 2024, no director
or officer of the Corporation adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement, as each
term is defined in Item 408(a) of Regulation S-K.

 Item 9C. Disclosures Regarding Foreign Jurisdictions that Prevent
Inspections

 Not Applicable

 Item 10. Directors, Executive Officers, and Corporate Governance

 The information required by this Item, relating to directors,
executive officers, and control persons is set forth under the captions, "Election of Directors," "Information and
Qualifications of Nominees for Director and Continuing Directors," "Meetings and Committees of the Board of Directors
– Audit Committee," "Executive Officers," "Audit Committee Report," "Delinquent Section
16(a) Reports," and "Insider Trading Policies and Procedures" of the Corporation's definitive Proxy
Statement to be used in connection with the Annual Meeting of Shareholders, to be held on May 6, 2025, which is incorporated herein
by reference.

 The Corporation has adopted a Code of Ethics that applies to directors,
officers, and employees of the Corporation and the Bank. The Code of Ethics is attached as Exhibit 14 to this Form 10-K.

 There were no material changes to the procedures by which security holders
may recommend nominees to the Corporation's Board of Directors during the fourth quarter of 2024.

 Item 11. Executive Compensation

 The information required by this Item, relating to executive compensation,
is set forth under the captions, "Board Compensation and Plan Information," "Executive Compensation," "Retirement
Plans," and "Potential Payments Upon Termination or Change in Control," in the Summary Compensation Table, Defined Contribution
Profit Sharing Plan Table, and the 401(k) Savings Plan – Match Data Table of the Corporation's definitive Proxy Statement
to be used in connection with the Annual Meeting of Shareholders, to be held on May 6, 2025, which is incorporated herein by reference.

 Item 12. Security Ownership of Certain Beneficial Owners and Management
and Related Stockholder Matters

 The information required by this Item, related to beneficial ownership
of the Corporation's common stock, is set forth under the caption, "Share Ownership" of the Corporation's definitive
Proxy Statement to be used in connection with the Annual Meeting of Shareholders to be held on May 6, 2025, which is incorporated herein
by reference.

 Item 13. Certain Relationships and Related Transactions, and Director
Independence

 The information required by this Item related to transactions with management
and others, certain business relationships, and indebtedness of management, is set forth under the caption, "Transactions with Related
Persons," and "Governance of the Company" of the Corporation's definitive Proxy Statement to be used in connection
with the Annual Meeting of Shareholders to be held on May 6, 2025, which is incorporated herein by reference.

 Item 14. Principal Accountant Fees and Services

 The information required by this Item related to fees and the audit committees'
pre-approved policies are set forth under the captions, "Audit Committee Report" and "Proposal No. 2: To Ratify the
Selection of Independent Registered Public Accounting Firm" of the Corporation's definitive Proxy Statement to be used in
connection with the Annual Meeting of Shareholders to be held on May 6, 2025, which is incorporated herein by reference.

 Item 15.
 Exhibits and Financial Statement Schedules

 (a)
 1.

 Financial Statements.

 The following financial statements are included
by reference in Part II, Item 8 hereof:

 Report of Independent Registered Accounting Firm

 Consolidated Balance Sheets

 Consolidated Statements of Income

 Consolidated Statements of Comprehensive Income

 Consolidated Statements of Changes in Stockholders' Equity

 Consolidated Statements of Cash Flows

 2.
 The financial statement schedules required by this Item are omitted because the information is either inapplicable, not required,
or is shown in the respective consolidated financial statements or the notes thereto.

 3.
 The Exhibits filed herewith or incorporated by reference as a part of this Annual Report, are set forth in (b), below.

 (b)
 EXHIBITS

 3 (i)

 Articles of Incorporation of the Registrant, as amended. (Incorporated herein by reference to Exhibit 3.1 of the Corporation's Form 8-K filed with the SEC on June 7, 2019.)

 3 (ii)

 Bylaws of the Registrant, as amended. (Incorporated herein by reference to Exhibit 3.2 of the Corporation's Form 8-K filed with the SEC on July 21, 2021.)

 10.1

 Form of Deferred Income Agreement. (Incorporated herein by reference to Exhibit 10.1 of the Corporation's Form 10-Q, filed with the SEC on August 13, 2008.)

 10.2

 2022 Employee Stock Purchase Plan (incorporated herein by reference to Appendix A to the Corporation's Definitive Proxy Statement, filed with the SEC on April 4, 2022.)

 10.3

 2020 Non-Employee Directors' Stock Plan (Incorporated herein by reference to Exhibit 99.1 of the Corporation's Form S-8 filed with the SEC on June 3, 2020.)

 10.4

 Employment Agreement by and among ENB Financial Corp, The Ephrata National Bank and Jeffrey S. Stauffer dated as of October 28, 2022. (Incorporated herein by reference to Exhibit 10.2 of the Corporation's Form 8-K filed with the SEC on November 1, 2022.)

 10.5

 Employment Agreement by and among ENB Financial Corp, The Ephrata National Bank and Rachel G. Bitner dated as of October 28, 2022. (Incorporated herein by reference to Exhibit 10.4 of the Corporation's Form 8-K filed with the SEC on November 1, 2022.)

 10.6

 Employment Agreement by and among ENB Financial Corp, The Ephrata National Bank and Joselyn D. Strohm dated as of June 5, 2023. (Incorporated herein by reference to Exhibit 10.1 of the Corporation's Form 8-K filed with the SEC on June 7, 2023.)

 Code of Ethics Policy of Registrant as amended March 11, 2009. (Incorporated herein by reference to Exhibit 14 of the Corporation's Form 10-K filed with the SEC on March 12, 2009.)

 Insider Trading Policy

 Subsidiaries of the Registrant

 Consent of Independent Registered Public Accounting Firm

 31.1

 Section 302 Chief Executive Officer Certification (Required by Rule 13a-14(a)/15a-14(a)).

 31.2

 Section 302 Principal Financial Officer Certification (Required by Rule 13a-14(a)/15a-14(a)).

 32.1

 Section 1350 Chief Executive Officer Certification (Required by Rule 13a-14(b)).

 32.2

 Section 1350 Principal Financial Officer Certification (Required by Rule 13a-14(b)).

 Interactive Data File

 (c)
 NOT APPLICABLE.

 Item 16.
 Form 10-K Summary

 None

 SIGNATURES

 Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 By:

 /s/ Jeffrey S. Stauffer

 Jeffrey S. Stauffer, Chairman of the Board, Chief Executive Officer and President

 Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

 /s/ Jeffrey S. Stauffer

 Chairman of the Board,

 (Jeffrey S. Stauffer)

 Chief Executive Officer and President

 (Principal Executive Officer)

 /s/ Rachel G. Bitner

 Treasurer

 (Rachel G. Bitner)

 (Principal Financial Officer)

 /s/ Joshua E. Hoffman

 (Joshua E. Hoffman)

 /s/ Willis R. Lefever

 (Willis R. Lefever)

 /s/ Jose
 R. Lopez

 (Jose
 R. Lopez)

 /s/ Jay S. Martin

 (Jay S. Martin)

 /s/ Susan Young Nicholas, Esq.

 (Susan Young Nicholas)

 /s/ Dr. Brian K. Reed

 (Dr. Brian K. Reed)

 /s/ J. Daniel Stoltzfus

 (J. Daniel Stoltzfus)

 /s/ Mark C. Wagner

 (Mark C. Wagner)

 /s/ Judith A. Weaver

 (Judith A. Weaver)

 /s/ Roger L. Zimmerman

 (Roger L. Zimmerman)

 2024-06-30

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