Good morning, I'm John Hayes Chief Executive Officer of New Tripoli Bank. As we come to the end of 2024 and move into 2025, it's a great time to reflect on the past year and also put some thoughts together for the coming year as well. So I'd like to talk today about three things: the economy, local market conditions, and community banking in general. So first to focus on the economy the only thing that's certain at this point is uncertainty. Inflation remains sticky, the labor market has softened a bit while consumer spending remains resilient even with the highest levels of consumer debt in history. Consumer debt at this point totals $18 trillion, up almost $4 trillion since 2020. There are also changes in domestic politics and policy coming and significant risks internationally, with wars in two areas, governments reorganizing and much else happening around the globe. Continued growth or recession? An inverted yield curve ordinarily means a recession is coming, but it's been inverted for almost 3 years now and most economists at this point are expecting a moderate pace of growth in 2025, but there are some who do see a recession on the horizon, so at this point I emphasize at this point we're not expecting much by way of rate decreases in 2025. The Federal Reserve Open Market Committee has reduced the discount rate three times for a total of 100 basis points in 2024 and as indicated it will be extremely cautious in terms of future action. We believe them and we're planning accordingly. So basically I'm going to stick with my opening comment: uncertainty in regards to the economy. So now we've talked about the economy let's move on to local market conditions and the local market economy. The Lehigh Valley is and has been a strong market and we expect that to continue in early December. The US Bureau of Economic Analysis released the regional gross domestic product statistics and the Lehigh Valley set another record at $55.7 billion in 2023. When factoring in inflation, Lehigh Valley's economy grew by 4% from 2022, faster than the state, the Northeast, and the nation. The data measures private sector output and is the most recent available as local GDP data lags by one year. In terms of the housing market, housing remains a challenge. While rents have leveled off, home prices averaged a 10% increase year-over-year according to the Lehigh Valley Realtors Association and that's been driven in large part by low inventory. In fact, Lehigh Valley Planning Commission estimates that we're 9,000 housing units short of demand and the price of housing is a large impediment to first-time home buyers in particular. So overall we are in good shape in terms of the Lehigh Valley. Now to move on to community banking. As I'm sure you all understand, interest rates over the past couple of years have been a challenge for us and most community banks' deposit costs increase significantly more quickly than loan rates which put pressure on earnings. We've managed through this and will continue to do so while remaining very competitive. One of our major challenges and the challenge of the community banking industry as a whole is to maintain what makes us special: the service level. We provide that connection between our customers and our employees and the communities that we serve in a world that is increasingly dominated by technology. Our approach is to do both. We provide incredibly effective tools to take advantage of the latest in technology while always being here here ready to help in answering the phone. An area where we continue to demonstrate our unbending commitment to our customers is in the arena of fraud. Unfortunately, fraud will continue to be a major factor in banking. Advances in technology, computing power, and artificial intelligence have made fraud more sophisticated and unfortunately more lucrative. In fact, fraud is on track to cost $10.5 trillion in damage in 2025 according to McKenzie Consultants. We are working hard to protect you but you need to protect yourself as well. Monitor your accounts closely and use tools such as online bill pay, ACH origination, and positive pay to move more transactions electronically and minimize fraud risk. Above all, if you think there's a problem, call your bank immediately! The sooner we are alerted that there may be a problem the better the outcome will be. So finally I'd like to acknowledge the team here at New Tripoli Bank, our board of directors, and our employees. It's their dedication to our bank that makes it all work and I'd like to thank our customers and the communities that we serve as well because you're the reason that we are here. On behalf of all of us here at New Tripoli Bank, happy holidays!

Hi, I'm Jason Lauchnor, and I run Hampton Lanes and the Hammerhead Hops & Grill. We have a state of the art bowling alley, great bar, great food, craft beer, self-served beer wall, arcade, restaurant-slant-corporate-party area, birthday party area. My dad originally bought the business in '92. I was in the Navy, my dad called me and he said, "I bought a bowling alley!" and I said, "That's pretty cool, which one?" and he told me, "Hampton Lanes!" and I said, "Oh, I don't know about that one—that one's, uh, not doing so well." and here we stand today with a state-of-the-art, greatest bowling alley in the Lehigh Valley. In the Navy I was good at two things: I made the Navy bowling team and, well, I drank a little bit, so this seemed like the glass slipper. So my dad bought it in '92, he doubled the size of the building in '98, I had a high interest loan from somewhere, that's when he met up with New Tripoli through Fred Alexander who turned them on to Dave Sherwin and New Tripoli has been with us ever since. We were in the news not too long ago for the big collapse in February of 2021. After coming off of COVID, not making very much income, now we didn't have much of a business and we had to rebuild. Took over two years due to supply chain issues. New Tripoli was there step by step. They helped us out, they definitely made sure the insurance company and the contractor kept doing what they were supposed to be doing, they helped us along there 'cause there was some unforeseen delays, they stuck with us the whole time and we've come out on the other side doing great. We're a community gathering place. Of course we got bowling, bowling leagues, we do a lot of open bowling in the summer, we do a kids bowl free program that has about four- to five-thousand kids signed up for it. We bus in daycares, day camps, corporate parties, birthday parties, we do live entertainment in the bar from time to time, we do special events fundraisers for all sorts of things. Pretty much anything. I've seen my bar regulars that came in for the bands and the karaoke now have their kids coming in for their birthday parties. New Tripoli Bank obviously they were with us through COVID and the collapse of the building, so I've worked with them probably too much and they probably say the same thing. Dave Sherwin, he's good guy, he's always been there for us, he's easy to get a hold of, I never have to wait on hold or days for a phone call back back, I get a hold of them, ask my question, he'll give me an answer just like that. New Tripoli stayed with us through the thick and thin, through COVID, through the collapse. I would say if you haven't checked them out you're doing yourself a disservice. As far as a bank goes, they have always been top notch.

Hi, my name's Chris Saylor, President of Saylor Lawn and Landscape. We do design build, residential and commercial, meaning we will design and install anything from small stoops and sidewalks to the front doors, to as grand as a a complete oasis outdoor living experience. We offer commercial and industrial snow removal. We do commercial lawn and property maintenance. We do a lot of HOAs and 55 and over communities, full turf treatments. We've been in business for 25 years and started out as just me in the field. As a kid, I couldn't find summer job to work around my baseball schedule, so I started just driving my bike into little old ladies houses and I would mow their lawn with their mowers. Over time I saved some money, joined forces with a buddy of mine that I played baseball with, and we grew that into quite a nice little business as high school students. Sold it when we graduated, went on to college, and after 5 years at school, I decided to move back home into the Valley. Started my own company again, and here I am, 25 years later. New Tripoli Bank has been a huge partner for Saylors Lawn and Landscape from inception. You know sometimes opportunities present themselves to us and we may need to grow with staff or product or equipment and we don't have the money on hand to go and purchase these things outright, so we would go to New Tripoli Bank, Dave Sherwin, and we would analyze and mull things over a little bit. With the help of New Tripoli Bank, we have gone from the starter company to a business that's turning millions in revenue a year. We pulled loans for anything from dump trucks to our first mulch blower, which is one of the things we used for the East Penn School District playgrounds. That was a $90,000 purchase that was new to me; I wasn't sure that I could completely justify the numbers but I went to the bank, I think they believed in it enough as well, we did it and lo and behold it was one of the best things we ever did. We do a lot of playground mulching for the East Penn School District, a lot of their elementary schools. I think that's a highlight for the summer for a lot of our guys, I think they look forward to it, I think sometimes it's taken them back to their youth a little bit. Saylors employs a lot uh local guys and gals, whether it's the administrative team or the the crews and technicians out in the field, there's a huge sense of community pride within this organization. I think it's a huge responsibility of us within the community to set the standard on the aesthetic appeal, curb appeal, of commercial properties, industrial properties, and the HOAs and 55 and plus communities. New Tripoli Bank is very proud to work with businesses within the community and I think that they are proud to see the individuals from within the community succeed and prosper and I think that they enjoy experiencing the success with the businesses they partner with. They make you feel comfortable when you go to them as a bank, you sit down with Dave Sherwin, you walk into a bank you're dealing with tellers, even John Hayes—you know the the big dog at the bank—every single one of them makes you feel like you've known them forever. Whether it's the first time you met them or you've been dealing with them for 25 years, they're just outstanding folks.

<p>Hi, I'm Jared Yuskauskas, and for a little over a year I've been working as a real estate agent, and I am a very happy customer of New Tripoli Bank. I live in New Ringgold, Pennsylvania, with my spouse, Vince, and our four dogs: Maddie, Aspen, Henry, and Maggie Mae. A few years ago, we made a choice to buy the land that this house is built on up here in New Ringgold, and we needed a bank who did land loans. New Tripoli Bank came highly recommended and we met with Gail Post who guided us through the land loan process. We were thrilled with our experience, so when the opportunity presented itself to buy a neighboring lot, we went back to New Tripoli and we purchased again with them for the second lot of land. And as Gail joked at our first closing on the first lot of land that she might be retired by the time that we were ready to build, as circumstances presented themselves, we decided to move that timeline up, in part to be closer to our families, and again Gail was able to guide us through the construction loan process. We couldn't be happier with our experience, Gail guiding us through two land purchases and then transitioning one of those into a construction loan for the house that you are looking at right now.</p>

<p>My name is Carl Schwartzentruber, I'm the owner of Green Acres Outdoor Living, Green Acres Home Furnishings, and Green Acres Fuel. We have two stores here in Lehigh Valley, PA, and one store in Marietta, GA. We have Outdoor Living products of all sorts for your home. We sell indoor furniture both hardwood and stuffed furniture. When the outdoor living slows down we shift our staff into fuel oil and heat people's homes throughout the Valley. We started the very first part of this business when I was 17 and we used to load wooden lawn furniture up on the back of a pickup truck. Three afternoons a week, we'd come park the truck, unload the furniture along the road, sell it, and go home again. And that was the beginnings of what today is Green Acres Outdoor Living. I was gone for a few years in the 90s and then came back in 1999 to take over full management. In 2017, my father fully retired and I bought out the last of his shares. So today we're working on the next generation. We have done home shows both here in Lehigh Valley and also in Georgia. About 15 years ago we started doing them in-house, so we have an expo every spring at our stores that we invite the public to and it's a really fun time. We do food, there's fun activities, and it's become a time when the community can come together and just visit and have a good time. It's the highlight of the year for us. Well, our relationship with New Tripoli Bank goes back over 20 years and I've really really appreciated the personal relationships that I've been able to build. Since the very beginning we've been using deposit services and that's been a core element that they have provided very, very well, but lending services also. The very first mortgage that we did on our Whitehall property, which was the first capital purchase that we made 20 years ago. For the last 15 years, probably, it's been Dave Sherwin, and he and I have been very close friends. He has always been there for me when I needed something. Many times when I thought I was facing a difficult challenge he made it look easy. One time in particular I remember I was buying two semi trucks to add to our fleet, and was planning to finance them through the manufacturer, and the manufacturer gave me an interest rate that I thought was ridiculous, and I made a call to Dave Sherwin. He said absolutely, we'd love to finance them and he beat the manufacturer's finance rate by about 3%. Dave Sherwin's been trying to get me to sign up for Positive Pay for months already. I resisted it because of the complexity and the cost. We had our first check washing incident about 3 weeks ago, we had a fairly large check that somebody just changed the name and address on and deposited, and when our vendor called us and was asking about payment we discovered what happened. Even though it was not the Bank's fault in any way at all, New Tripoli Bank was extremely helpful, as they always are, in getting that resolved, and we're signed up for Positive Pay with all of our deposit accounts, and I couldn't be happier with the way that service is working. As far as a banking partner goes, I couldn't be more grateful for the partnership of New Tripoli Bank. We couldn't do business the way we do it without good banking relationships and New Tripoli has proven to be a very capable and worthy partner over these years and I look forward to growing old with them.</p>