Community Banker Update - March 2015

OF

FIC

IAL

PU

BL

ICA

TIO

N O

F T

HE

CO

MM

UN

ITY

BA

NK

ER

S O

F I

OW

AM

AR

CH

20

15

FDICBANKERS COLLEGEPg. 10

CBI HOSTS THE 2015

Peer Connection ForumPg. 11

NEW CBI EVENT!

APRIL ISCommunityBankingMonth Pgs. 6-8

POSTER CONTESTPg. 4

Money Smart Week

Scholarship ProgramPg. 4

Leaders of Tomorrow

Community BankingSummits

REGISTER NOW!

Pg. 9

2 COMMUNITY BANKER UPDATE | MARCH 2015

Want To AttendA Webinar?

View a complete calendar andregister for CBI-sponsored webinarsand events at www.cbiaonline.org

or Call Us at 515.453.1495for more information.

WE HAVE ANSWERS.

InvestmentQuestions?

F I R S T B A N K E R S B A N C . C O M

866.530.2846INVESTMENTS ARE NOT FDIC INSURED

MEMBER FINRA & SIPC

Our traders have an

average of 20 years

of experience and

they’re ready to put

that knowledge to

work for you.

MARCH 2015 WEBINAR LINE-UP

March 3 IRASeries:Traditional&RothIRAFundamentals& ComplianceConsiderations

March 4 QualifyingBorrowersUsingPersonalTaxReturnsPart2:Income fromRentals,Royalties,Partnerships,SCorporations&Farms

March 5 FreeCheckingTrendsinToday’sMarket:Feasibility,Regulations &Benefits

March 10 DirectorSeries:UpdateonCapitalPlanning,Contingency&BaselIII fortheBoard

March 12 LegallyHandlingATM&DebitCardClaimsUnderRegulationE

March 17 FloodInsuranceComplianceReview&Update:IncludingChanges EffectiveApril1,2015

March 19 RealEstateValuations–CurrentIssues&BestPractices

March 24 TheTILA/RESPAIntegratedDisclosureLine-by-LinePart1: LoanEstimate

March 25 CallReportRevisions&Update:IncludinganOverviewofBaselIII RegulatoryCapitalChangestoScheduleRC-R

March 26 SocialMediaContentStrategiesforVisibility&Positioningof YourBankOnline

March 31 NewAccountsSeries:OpeningTrustAccounts:Compliance, Documentation,SigningAuthority&DepositInsuranceIssues

COMMUNITY BANKER UPDATE | MARCH 2015 3ICBA_7347_WPS_H_Page Island.indd 1 12/9/14 4:27 PM

Community Bankers of Iowa1603 22nd Street, Suite 102

West Des Moines, Iowa 50266Phone: 515.453.1495

In This IssueMarch2015WebinarLineup............. 2FromtheEVP&CEO......................... 3MSWPosterContest......................... 4 LOTScholarshipProgram................. 4LOTLeadershipDevelopmentConference........................................ 5CommunityBankingMonth...........6-8SpringBankingSummits.................. 9CBIHostsFDICBankersCollege....10NEW:PeerConnectionForum........11FromtheTop....................................12FinePoints.......................................13YearsintheMaking........................14MemberNews.................................15RuralMainstreetSurvey........... 16-18Save the Date:44thAnnualConvention.................18

Let 2015 Be YOUR YearTheCBIstaffhasbeenhardatworkthiswinterpreparingfor2015,oneofourbusiestyearsever!Wehavejustcompletedatotalcoreconversionofourdatabasewhichnowincludesourbrandnewwebsitewithincreasedfunctionalityandcontent.Laterthisspring,youwillreceiveamemberloginthatwillallowyouaccesstoimprovedmembersupportandinformation,aswellasprepopulatingyourregistrationswithyourinformation,allowingyoutopayforregistrationsatthetimeandmanyotherfeatures.

Oureducationalwebinarseriescontinueswith20ormoresubjectscoveredeachmonth,includingtheabilitytocapturetheinformationtosharewithothersinyourbank.ThenumberofbanksusingthesewebinarsreachedanalltimehighinJanuary2015.

Plansarenearlycompleteforour44thManagementConferenceandAnnualConventiononJuly15-17inOkoboji,somarkyourcalendarsforthelargestexclusivegatheringofcommunitybankersinIowa.Wehavegreatnationalqualityspeakersthatwillappealtoall,sodon’tmissit!

WehavebeentotheIowalegislaturetwicealreadywithyourBoardofDirectorsandourLeadersofTomorrowgroup,inadditiontodailyattentionbyourdedicatedlobbyistandformerchiefofstafffortheGovernor,JeffBoeyink.

WehaveplannedourSpringCommunityBankingSummitsinWaterlooandRiversideonApril1and2withqualityspeakersandnetworkingopportunitiesinaconvenientlatedayformat.Comejoinus.

WearealsopleasedtobehostingtheFDICBankersCollegeinWestDesMoinesonMay5.Manybankershavealreadysignedupforthatsessionanditlookstobeaverybeneficialsessionforallcommunitybankers.

Alsopleasenoticethechangeandsavethedateforthe8thAnnualCBIOpenGolfoutingonAugust11,thisyearattheHyperionFieldClub.

Wealsohaveover20preferredpartnersprovidingsavingsandbenefitstoourmemberbanks,includingtheonlyIowa-basedofficesupplyandpromotionalitemsdiscountprogramwithStoreyKenworthy.

Andlastbutnotleast,wearealwayslookingforbankerslikeyouwhowouldbewillingtospendalittleoftheirtimegivingbacktotheirindustry,beitservingasadirector,committeememberorchair,orjustanactiveattendeeatCBIevents.

Whynotmake2015youryearofactivityparticipationandcommitmentwithCBI?


TheLeadersofTomorrow(LOT)isaprogramcreatedbytheCommunityBankersofIowa(CBI)toenhancethegrowth,leadership,andnetworkingskillsoffuturebankingleaders.LOTestablishesanetworkofleaderswhoserveandstrengthentheircommunitiesandadvocateforthecommunitybankingindustry.LOTalsoencouragestheleadershipdevelopmentofthenextgenerationofcommunitybankersbyannuallypresentingtwoscholarshipstodeservinghighschoolseniors.Startingthisyear,LOThasraisedthescholarshipawardsto$1,000each!

Requirements for the scholarship include:• Applicantsmustworkatorhaveaparent,grandparent,

orguardianwhoworksatabankthatisamemberoftheCommunityBankersofIowa.

• Writeabrief,one-pageessaydetailingwhatrolecommunitybanksplayinyourhometown.

• Submitacopyofyourhighschooltranscriptandindicateclassrank.

• ProvideACTand/orSATscore(s).• Submitlettersofrecommendationfromthreenon-relatives.• Includeallcommunityorextra-curricularactivities.

Ifyouhaveachild,grandchild,oranemployeegraduatinghighschoolthisspring,pleaseencouragethemtoapplytotheLOTScholarshipProgram.All applications must be postmarked by April 30, 2015.Visitourwebsitetoapplyonlineordownloadapplicationformsandformoreinformation,orcallCBIat515-453-1495.

Supporting theFuture ofCommunityBanking in Iowa

Want to let others know about the LOT Scholarship Program? Display this poster in your bank!

Download it atwww.cbiaonline.org - find it under Programs> Leaders of Tomorrow> Scholarship Program.

Nominate a Graduating High School Senior for the LOT Scholarship Program

Since1999,CommunityBankersofIowahashostedtheMoneySmartWeekPosterContestaspartofCommunityBankingMonthfestivitiesinAprilandtheMoneySmartWeekcampaignhostedbytheFederalReserveBankofChicagotoincreasefinancialliteracyamongchildren.Onceagain,it’stimetoencouragestudentsinyourcommunitiestoparticipate.

FromnowuntilApril18,studentsinsecondthroughsixthgradesmaycreateaposterandreturnittotheirlocalparticipatingcommunitybank.Posterdesignsshouldanswerthethemequestion“Why is it important to know about money?” Three prize places will be awarded: Grand Prize - $500 Certificate of Deposit, 2nd & 3rd Places - each a $200 Certificate of Deposit.

CommunitybankscanparticipateinsponsoringtheMoneySmartWeekPosterContestbydisplayingtheposterentriesintheirbanksduringMoneySmartWeek,April18-25.Toassistyouinthateffort,CBIisagainmakingaMarketingImplementationKitavailable.Thiskitincludesrulesandguidelinesflyers,displayposters,posterentrylabels,asamplepressreleaseforlocalcommunitymedia,andmore.ParticipatingcommunitybanksshouldsubmitallposterentriestotheCBIofficeforjudgingbyMay 1, 2015.AllposterentriesMUSThaveacompletedposterentrylabelaffixedtothebackofthepostertobeeligible.

In2014,thiscontesthadrecord-breakingsuccesswithover2,200entriessentintoCBIbejudged.ManyoftheparticipatingcommunitybanksinIowaheldtheirownlocalcontestsinconjunctionwithMoneySmartWeekevents.Judgingcategoriesincludedcreativity,message,anddepictionofthetheme.Thisisagreatopportunitytogetstudentsandfamiliesinvolvedwiththeirlocalcommunitybanks.

CBIwillannouncethe2015MoneySmartWeekPosterContestwinnersbyMay 15, 2015.Todownloadmarketingmaterials,visitourwebsiteatwww.cbiaonline.org--lookfor“MoneySmartWeekPosterContest”aspartoftheCommunityBankingMonthmenuundertheEventstab.ContactKrissyLeeatklee@cbiaonline.orgwithquestionsorforfurtherinformation.

Wehopeyour2015MoneySmartWeekpostercontestsareasuccess!

Sponsor the 2015 Money Smart Week Poster Contest at Your BankMarketing Items Available Now

Sponsor the Money Smart Week Poster

Contest in your bank!

Download the marketing kit at

www.cbiaonline.org.

COMMUNITY BANKER UPDATE | MARCH 2015 5

TheLeadersofTomorrowDevelopmentGroupwillholdtheir12thAnnualLeadershipDevelopmentConferenceonMarch 26th & 27th,attheMarriottHotelindowntownDesMoines.

Afteragrouplunchtokick-offtheConference’sactivities.attendeeswillmeetwithJim Schipper,SuperintendentofIowaDivisionofBanking.FollowingthatafternoonareatrioofBreakoutSessions,featuringAgBusinessManagement,Compliance,andITSecuritytopics.AnetworkingdinnerwillalsobeheldThursdaynighttogiveattendeestheopportunitytonetworkwithotherup-and-comingcommunitybankingleaders.

TheConferencecontinuesonFridayandwillfeatureaspecialvideopresentationfromICBAPresidentandCEOCamFine.Next,conferenceparticipantscanattendaPresidents’PanelincludingSuku RadiafromBankersTrustinDesMoines,Kevin HaltermanfromPeoplesBankinIndianolaandJosh GuttaufromTSBankinTreynor.

Toclosethe12thAnnualConferenceevents,keynotespeakerAlan FeirerfromGroupDynamicLeadershipTrainingwillgivehispresentation“TeamworkandIts5Dysfunctions”.

AccommodationsareavailableattheDesMoinesMarriott-Downtownhotel.CallMarriott’sgeneralhotelreservationdeskat1-800-514-4681andaskfortheCommunityBankersroomblock.

Toregister,visitourwebsiteatwww.cbiaonline.org.Registrationfeesare$245forLOTmembers,$330fornon-members.Register by March 10 and pay only $195! (Discount for LOT members; $245 for non-members.)

CallCBIat515-453-1495ore-mailcbia@cbiaonline.orgformoreinformation.

Building theNext Generationof CommunityBankingLeadership

LOT’s 12th AnnualLeadershipDevelopmentConference

March 26-27, 2015Marriott Hotel-DowntownDes Moines

Visit www.cbiaonline.org to view the 12th Annual LOT Conference brochure.

Supporting theFuture ofCommunityBanking in Iowa


OnFeb.19,GovernorBranstadsignedtheproclamationdeclaringAprilasCommunityBankingMonth,anationwidecelebrationrecognizingthemanycontributionscommunitybanksmaketotheircustomersandcommunities.CBIencouragesourmemberstoembraceCommunityBankingMonthandspreadthewordaboutwhatmakesyourbankanintegralpartofyourlocalcommunity.Together,wecanfocusthepublic’sattentiononthemanywayslocallyownedandmanagedbanksaremakingpositivechangehappenacrossIowa.In2015,wewantallIowanstoknowthatcommunitybanksare“Making A Difference On Main Street!”

Spreadthemessagetoyourcustomers,localbusinesses,andthroughoutyourcommunity.IdeastohelpmakeCommunityBankingMonthasuccessinyourtowninclude:

• Encourage your small business customers to take a pictureoutsideyourbankholdinganIBankLocallysign.Usepicturestopromoteyourcustomerandyourbankonyourwebsite.

• Offer an information sessionforlocalprospectiveentrepreneurswhoareinterestedinstartingasmallbusiness.Outlinehowcommunitybankslikeyourshavethelocalexpertisetohelpthemgetstarted.

• Recognize Service.Yourbankhasavestedinterestinthelocalcommunity.Whynothonorthosepeopleororganizationsthatmakeyourtownabetterplacetolive?

• Tie in new products and services.WhileyouarecreatingadvertisingopportunitieswithCommunityBankingMonth,whynotincludetheintroductionofnewservicesorproductsavailabletocustomers?

• Host an open housecompletewithtours,refreshments,contestsandgiveaways.

• Invite local schools or scout troops to tour your bank.Makesuretopromotethe2015MoneySmartWeekPosterContestduringthetours![Seepage4formoreinformationontheMoneySmartWeekPosterContest.]

• Host a charity event.Communitybanksinvestinthecommunityeveryday.Sponsoringorco-sponsoringacharitableeventisagreatwaytoreachthepublicandshowyourcommitmenttothecommunity.

• Decorate your bank.CelebrateCommunityBankingMonthwithposters,flyers,tentcards,andmore,andcallattentiontoyourcelebration.Alsoconsiderpostingbannersinyourtowncenteroratotherlocationstoexpandyourreach.

• Share your bank’s “fascinating facts”.Telleveryonewhatmakescommunitybankslikeyoursgreat.Printtriviaaboutyourbankorcommunitybankingsoyourcustomerscanseethefacts.

TherearenumerouswaystopromoteCommunityBankingMonthandmakeyourbankshinethroughoutApril.Findevenmoreresourcesonourwebsiteatwww.cbiaonline.org.

Posters[seepg8]tohelpsupportyourbank’spromotionofCommunityBankingMonthandthe“GoLocal”effortareavailableagainthisyear.Postersare$1each.“GoLocal”windowclingsarealsoavailableforuse,atnocharge.Toorderpostersorwindowclings,pleasecontacttheCBIofficeat515.453.1495oremailKrissyLeeatklee@cbiaonline.org.

NomatterhowyoucelebrateCommunityBankingMonth,shareyourstorywithus!EnterCBI’sCommunityBankingMonthBest-of-the-BestCompetition[oppositepage,top]andshowallofIowahowyourbankissupportingyourcommunity,spreadingthecommunitybankingmessageandMakingADifferenceonMainStreet!

APRIL ISCOMMUNITY BANKING MONTH


HowwillyourbankcelebrateCommunityBankingMonthandspreadthe“MakingADifferenceOnMainStreet”message?LetCBIknowandyourbankcouldwintheTravelingTrophyandapizzapartyforstaff!

Toenter,sendusyourphotos,tweets,activitiesandwhateverelsetellsushowyourbankcelebratedCommunityBankingMonthinApril,alongwithacompleted2015CBIBest-of-the-BestCompetionentryform.All submissions are due to the CBI office by May 15, 2015.

Thewinningbankwillbeannouncedatthe44thAnnualConventioninOkobojiinJuly,andwillalsobefeaturedintheAugusteditionofCommunity Banker UpdateandtheCommonCENTSnewsletter.

Formoreinformation,visitwww.cbiaonline.organdcheckoutCommunityBankingMonthundertheEventsheader.And,readthearticlebelowonthe2014Best-of-the-BestCompetitionwinningbank!

CBI’sBest-of-the-BestAwarddistinguishesoneIowacommunitybankthatepitomizeshowcommunitybanksaremakingadifferenceonMainStreet.The2014recipient,ShelbyCountyStateBank,exemplifiedthespiritofCommunityBankingMonthwiththeirvolunteerworkandingenuityingivingbacktoHarlan,Iowaandsurroundingcommunities.Lastmonth,CBIExecutiveVicePresidentandCEODonHolepresentedafreepizzapartyandtheTravelingTrophytoShelbyCountyStateBankemployeesaspartoftheBest-of-the-BestAward.

ThroughoutCommunityBankingMonthin2014,ShelbyCountyStateBank’semployeestaughtfinancialliteracyprogramsincludingmoneymanagementlessonstoelementaryandhighschoolstudents,raisedfundsfortheirRelayforLifeteambyholdingapurseauction,andheldacash“freesample”dayintheformof$2-$10bills.BankemployeesalsohelpedtocoordinateMoneySmartWeekeventslikevisitstoschoolsbyBenFranklin,andsponsoringalocalMoneySmartWeekPosterContestaspartofthestate-widecompetitionhostedeachyearbyCBI.TheyalsohadafreetreegiveawayonArborDay.ShelbyCountyStateBankhelpedfundanddelivertreesto260fifth-gradestudentsinShelbyCountyschools,andgaveawayover74,000treestobeplantedthroughoutShelbyCounty.

WhatstoodouttoCBIandsealedShelbyCountyStateBankasthe2014Best-of-the-BestCompetitionAwardrecipientwereboththesheervolumeoffinancialliteracyprograms,eventsandactivitiestheyplannedforShelbyCountyschoolsandcommunities.CongratulationstoShelbyCountyStateBankfordoingsuchanoutstandingjobofcelebratingCommunityBankingMonth,forspreadingthecommunitybankingmessage,for“goinglocal”,andformaintainingandgrowingrelationshipsinyourcommunity!

ForacompletedescriptionofShelbyCountyStateBank’sCommunityBankingMonthactivities,viewtheNewsarticlesatwww.cbiaonline.org.

Shelby County State Bank Made a Difference on Main StreetCBI Awards the 2014 Best-of-the-Best Competition Winner

Employees of 2014 Best-of-the-Best winner Shelby County State Bank pose for a group photo during their CBI-hosted pizza party.

CBI Executive Vice President & CEO Don Hole (middle) awards the 2014 Best-of-the-Best Competition Traveling Trophy and plaque to Shelby County State Bank President Kevin Campbell (left) and Marketing Officer Janet Buman (right).

START PLANNING YOUR 2015 COMMUNITY BANKING MONTH CELEBRATIONS NOW!Can Your Bank Capture the CBI Community Banking MonthBest-of-the-Best Traveling Trophy?


BankersacrossIowaareadoptingthe“GoLocal”campaign,reinforcingthebenefitsofthecommunitybankingmodeltotheircommunities.CBIisstillsupportingthecampaignwithIowa-shaped“GoLocal”signsforusebybanksandothersimilarlocalbusinesses.Theeasy-to-applywindowclingsareavailableatnochargeforCBIMemberBanks.Toorderwindowclings,pleasecontacttheCBIofficeat515.453.1495oremailPrettyPatelatppatel@cbiaonline.org.

Posterstohelpsupportyourbank’spromotionofCommunityBankingMonthandthe“GoLocal”effortarealsoavailableagainthisyear.Postersare$1each.Postersmayalsobecustomizedwithyourbank’slogo(seeorderformfordetails).Toorder,completearequestformandsubmittoklee@cbiaonline.org.Requestformsmaybedownloadedfromourwebsiteatwww.cbiaonline.org/community-banking-month.html.

AdditionalcustommaterialsforCommunityBankingMonthareavailableontheICBAwebsiteatwww.icba.org/golocal/index.cfm.

bellbanks.com | Member FDIC

9491

Gary Keller [email protected]

Gene [email protected]

Call one of us for quick response, competitive rates and flexible underwriting.

We help you compete with the “big guys!”• Participation loans (commercial,

agricultural, construction, operating lines and term loans)

• Bank stock & ownership loans

• Bank building financing

• Business & personal loans for bankers

• Multi-family permanent financing

Partner with us for your participation and bank stock loan needs.

“GO Local” window clings are availableat no charge.

See www.cbiaonline.org for more information, or to order posters or window clings.

“Go Local” Campaign Spreads Community Banking Message Across IowaOrder Posters & Window Clings Today

The First National Bank in Sioux Falls

BankOnIt

Epcor

Welcome NewCBI Members!The Community Bankers of Iowa

would like to welcome the following companies to the association, and

thank them for their support:

Right: Posters are available for purchase to celebrateCommunity Banking Month in April. Cost is $1/poster.


800.967.2645 | eojohnson.com

Secure IT and protecting customer information

matter toCedar Valley Bank & Trust.

What Matters?

“ Our board and bank leadership take IT security and our customer information very seriously. Having Locknet® as our IT partner is

the answer for our bank in addressing our IT needs. What I value most with Locknet® is knowing that our system is

being monitored 24/ 7 and that if something goes wrong it will be taken care of by experts.“ — Kim Frush, IT Officer – Cedar Valley Bank & Trust

• Budget predictability• Proactive instead of reactive IT• 1 – 3 – 5 year budgeting

• A solid foundation of security and efficiency

BUSINESS PROFILE:Cedar Valley Bank & Trust is a family owned full-service community bank with locations in La Porte City and Vinton, IA.

What matters most to your financial institution?

When security matters – Locknet®’s Keysuite™ fully managed IT services provides:

Spring Bank Summits Coming April 1 & 2Risk Management, EMV and Payments Technologies To Be DiscussedCBIinvitesyoutonetworkwithotherIowacommunitybankersattheSpringCommunityBankSummits,beingheldApril1statIsleCasinoHotelinWaterlooandonApril2ndatRiversideCasinoandGolfResortinRiverside.Summitsbeginat3:00p.m.andconcludeat5:30p.m.Adinnerreceptionimmediatelyfollows.

AttendthesummitsandlistentoParlimentConsultingServicesChairman&CEODr.TomParlimentputcontextaroundadiscussionabouttheeconomy,interestratesandanincreasingnumberofregulatoryrisks.Hefocusesonstrategicfinancialplanningtohelpinstitutionsgainandmaintainsustainablesuperiorearningsgrowth.Hisno-holds-barredretailsolutionshelptoenhancecommunityinstitutions’franchisevalue.Hehasservedasadirectoronseveralcommunitybankboards,andhisexperienceasChairmanofAudit,Asset/LiabilityManagement,andLoanCommitteesmakeshimfamiliarwiththeresponsibilitiesandchallengesthatdirectorsfacetoday.ArepresentativefromSHAZAMwillalsooutlineEMVchipcardsandtokenization,thetechnologybehindnewpaymentappslikeApplePay.

TheregistrationfeeforeachSummitis$35forbankers,and$50forCBIEndorsed/Associate/Affiliatemembers.Visitourwebsiteatwww.cbiaonline.orgtoregisterfortheWaterlooandRiversideSummits.Needmoreinformation?PleasecalltheCBIofficeat515.453.1495orcontactJackie [email protected].

© Copyright Employers Mutual Casualty Company 2014. All rights reserved.

Trusted. Responsive. Friendly. Local.

Looks like we have a few things in common. Count on EMC® and your independent insurance agent to provide quality products and services to fit the unique needs of your community bank.

Home Office: Des Moines, IAwww.emcins.com CBSI is a subsidiary of

Community Bankers of Iowa

10 COMMUNITY BANKER UPDATE | FEBRUARY 2015

Robb Nielsen (717) 369-0139 • [email protected]

www.protectmybank.com

• InformationSecurityAudit

• DesignedExclusivelyforBanks

• SimilarScope&ApproachasBankRegulators

• DeterminesAdequacyofSecurityControls

• FreeAccesstoanAutomatedRemediationTrackingTool

• VerifiesCompliancewithExistingBankPolicyandProcedures

• Savemoneybybundlingtheseservices

InformationSecurity Audit Bundle

• Penetration Test

• Vulnerability Assessment

• Social Engineering

Endorsed by:

CBIispleasedtohostthe2015FDICBankersCollege,inconjunctionwithIndependentCommunityBankersofSouthDakota(ICBSD)andIndependentCommunityBankersofMinnesota(ICBM).TheIowasessionisbeingheldMay5from9am-3:30pmattheSheratonHotelinWestDesMoines.

Thisone-dayeducationalseminarwasdesignedwithbankexecutivesinmindandwillincludeup-to-dateinformationonvariousemergingissues.PresentationswillbedeliveredbyagroupofexperiencedFDICspeakersandexperts.Bankexecsandofficerswithresponsibilityforlending,assetliabilitymanagement,financialreporting,IT,andregulatorycomplianceshouldattend.

TheFDICBankersCollegeisalsobeinghostedbyICBMonMay7thinPlymouth,MN,andbyICBSDonMay19inSiouxFalls,SD.Formoreinformation,contact:DawnPepin-ICBMat651-789-3987orGregMcCurry-ICBSDat605-996-9329.

Registrationfeesare$125.RoomsarealsoavailableattheSheratonHotelfor$109pernight(groupdiscountavailableuntilApril13.)CalltheSheratonat(866)716-8134andaskfortheCBIroomblock.

Asyoufinalizeyourtrainingplans,pleaseconsiderthisuniqueopportunitytointeractwithyourbank’sregulatorsandenhanceyourexperienceandknowledge.Formoreinformation,visitourwebsiteorcontactPrettyPatelatppatel@cbiaonline.orgor515-453-1495.

Learn from the ExpertsCBI to Host 2015 FDIC Bankers College


New Event Opportunity from CBI!Peer Connection Forum to Be Held May 28TheCommunityBankersofIowahavelonghadarelationshipwithIowa’scommunitybanksandtheirtopexecutives.Butnowwewanttogrowthoserelationshipsbeyondtheboardroom.Tothatend,CBIhasdevelopedtheCommunityBankingPeerConnectionForum,abrandneweventdesignedforeveryonestaffingandsupportingIowa’scommunitybanks.TheForumwilltakeplaceMay 28, 2015atPrairieMeadowsConferenceCenterinAltoona.

ThePeerConnectionForumisintendedasbothalearningexperienceandanetworkinganddiscussionopportunityforcommunitybankstaffintheMarketing,HR,Operations,IT,ComplianceandLendingfunctiongroups.Thisone-dayeventwillfeatureeducationalbreakoutsonissuesimportanttocommunitybankersandbankstaffbelowtheCEO/directorlevel.AmongtheeducationaltopicsincludedintheinauguralForumare:howtosurviveastateexam,vendormanagement,usingmarketingtosurviveasecuritybreach,qualifiedmortgagesandfairlending,paymentssystemsissueslikeEMVchipcardsandApplePay,socialnetworking,andmore.

Yetunlikeotherconferences,eachPeerConnectionForumcloseswithtopicalanalysissessionsformembersofeachbankfunctiongroup.Bankofficersandstaffcansitinroundtableforumstodebateanddissectwhattheylearnedduringtheeducationalsessionsoftheevent,network,andcomparenotesonwhatisandisnotworkingintheirownbanks.With

theCommunityBankingPeerConnectionForum,CBIishelpingcommunitybankersbuildabetterbank,andinturn,abetterexperienceforthecommunitiestheyserve.

WatchfutureissuesofCommunity Banker Update,theweeklyCommonCENTSnewsletter,andtheCBIwebsiteformoredetailsonthisexcitingnewopportunitytolearnfrom-andlearnwith-thebackboneofIowa’scommunitybanks.


I’ve Enjoyed the Ride!Written By: John H. Buhrmaster, Chairman of ICBA

AdozenyearsagowhenIattendedmyfirstICBAconventioninOrlando,InevercouldhaveimaginedthatIwouldbesittingheretodayaschairmanofyourgreatnationalassociation,writingmy12thandfinalchairman’scolumnforCommunity Banker Update.YethereIam,reminiscingaboutthepastyear—onethathasbeensomanythingsandhasmeantsomuchtomeandmyfamily.Ithasbeenexciting,tiring,educationaland,mostofall,inspirational.Thepastyearhasbeenoneofthemostmeaningfulexperiencesofmylife.

PartofthejoboftheICBAchairmanistotravelthecountry,andsometimestheworld,torepresentcommunitybankswheneverandwhereverneeded.That’sthejob.Butthefuncomeswhenyougettotalktocommunitybankers,waitresses,cabdrivers,doctorsandstudents.Thatiswhereyougettoseewhatreallydrivesourcountry.Theonethingthatallthesepeopleyoumeethaveincommonisthat,somewheredowntheline,theirlifewaschangedforthebetter,eitherdirectlyorindirectly,byacommunitybank.Afterhavingtheopportunitytowitnesssomuchthisyear,IcansaywithstrongconvictionthatAmericastartswithyou—thecommunitybanker.Itallstartsatyourdesk.

Maybeastudentisgoingtocollegebecausehisparents’businesswasstartedwithacommunitybankloan.Maybeacommunitybanklineofcreditgotthatrestaurantthroughsometoughtimesandhelpedthatwaitresskeepherjob.MaybeacommunitybankhelpedthatdoctorfinanceanMRImachinethathelpedcatchapatient’scancerearly.Asacommunitybanker,youreallydon’tgettoseeeverythingthathappenswhenyoutakeachanceonsomeone,butgoodthingsdohappen,andtheyhappenbecauseofyou.

AsIwaspreparingtogiveaspeechinJapanlastfall,Iresearchedoursmallbank’scustomerbaseandfoundthatmorethantwodozensmallbusinessesthatbankedwithusalsoprovided

goodsandservicesaroundtheworld.U.S.communitybanksarenotonlyimportanttoourlocalcommunities;weareanimportantpartoftheglobaleconomy.

Thatiswhywithmylastchairman’scolumn,Iwillmakeonelastpushforyoutobecomeinvolved—somethingthathasbeenmyplatformandfocusoverthepastyear.Wemustcontinuetobeheard—allofus,forthesakeofournation’seconomyandtheglobaleconomy.

Makecommunitybankingyourcauseifyouhaven’talready,andfightlikehellforit.Don’teverletyourmessagegetwatereddown.I’mendingmytermasICBAchairman,butIhaveonlybegunmyworkinadvocatingforcommunitybanks!

Neverbeforehavecommunitybanksheldsomuchclout.Nowisourtimetoshine!Peoplehaveaskedmewhathasbeenmyfavoritepartofbeingchairman,andIcansaythatithasundoubtedlybeenseeingthepassionofcommunitybankersaroundthecountry.Thereisunlimitedpotentialforallofustoprosper.

IthasbeenatruehonorservingasyourICBAchairman.I’veenjoyedtheride!Thankyouforyoursupportandinspirationoverthepastyear.Icouldn’tbemoregratefulandhumbledtoservesuchanoblecause.

JohnH.BuhrmasterisChairmanoftheICBAandPresidentandCEOof1stNationalBankofScotia,inScotia,NewYork.

“The one thing that these people have in

common is that their life was changed

for the better by a community bank.”

TOPFrom the


Communitybankersaren’ttheonlyoneswhothinkso.NearlyeveryoneinWashingtonnowagrees,toonedegreeoranother.

MostmembersofCongress,includingtheleadersofbothpoliticalparties,sayit’stime.Topregulatorsalsoconcur,andsomehaveevenofferedaproposalortwooftheirown.Evenmanyofyourcustomers—particularlythose,heavenforbid,seekingaloanwithoutabloodtestorasignaturecramp—sayyes.Heck,eventhosepeskycreditunionsbegrudginglyagree.Andreadyforthetoss,PresidentObamasayshewouldwelcomesuchbipartisanlegislationtosign.

InsideandoutsideWashington,mostpeopleagreethetimehascometoenactreal,meaningfulandsignificantregulatoryreliefforcommunitybanks.Andfortunately,wehaveaclear,ready-madeplanlaidoutformembersofCongresstodojustthat.It’sthePlanforProsperity,ICBA’slegislativeplatformoutliningforthe114thCongressspecific,targetedregulatoryreliefmeasuresforcommunitybanks.

AddressingICBA’stoppriority,thePlanforProsperityiscentraltoexpandingonICBA’srecenthistoricprogresstoestablishafullytieredregulatoryframeworkforcommunitybanks.DevelopedwithICBA’sdiversemembership,theplatformcontainsnearlythreedozendetailedlegislativeprovisions,eachaddressingareal-worldproblemorneed.Inadditiontopromotingspecificmeasurestocutexcessiveandcounterproductiveregulations,itsprovisionswillhelpcommunitybanksraisecapitalandmakenecessaryreformstothebankingregulatoryprocessandstructure.

Significantly,thePlanforProsperityisaflexible,livingdocument.Itcanbeadaptedeasilyandexpandedasnewopportunitiesandcircumstancesarise.Anditgiveslawmakersgreatleewaytoadvancelegislationinmultipleways,howevertheyseefit.

Thisbipartisanplanisreadytogo.There’ssimplynoexcuseforCongressnottoactsoon.Andwhilethebankingagencieshaveapowerfulandpivotalrole,it’sCongressthathasthegreatest,finalauthoritytoactquicklyandthemosteffectively.

Understandably,pastCongresseshavedevotedconsiderableattentionandresourcesinrespondingtotheWallStreetfinancialcrisis.Whilesomeoftheiractionsthankfullyhavebeensensitivetotheneedsandconcernsofcommunitybanks,there’snoquestioncommunitybankshaveneverthelessbeendisproportionatelyandunfairlydisruptedbythenewestcomplexlawsandregulationsengineeredtostoptheexcessesandsystemicrisksofWallStreetinstitutions.Acknowledgingtheproblem,lawmakersrepeatedlyhavetoldcommunitybankerstoholdon,reliefisontheway.

Nowafteryearsofconstant,concertedandvigorousbutpatientadvocacybyICBA,Congressonlyneedstowindupitsactandtofollowthrough.Communitybanks—andoureconomy—needreliefnow.

Nextmonth,nearly1,000ofyourfellowcommunitybankerswillbeparticipatinginICBA’sWashingtonPolicySummit.Astheirtopadvocacypriority,thebankerswillbepromotingandexplainingthePlanforProsperityanditsmeasurestotheirmembersofCongress.Pleaseconsiderjoiningthem.Thesummitisopentoanyandeverycommunitybanker.Throughourcollectivepresence,weallneedtomakeastatementonthisissue.

Otherwise,pleasetakethetimetolearnaboutthePlanforProsperity.Thisisyourplan.BepreparedtocontactyourrepresentativesinCongressaboutit.Nearlyeveryoneagreesourtimehascome.Butwestillneedourwholeindustryinvolved.Bereadyandbewithus.

The Time Is NowWrittenBy:CamdenFine,PresidentandCEOofICBA

“...the time has come to enact real, meaningful and significant regulatory

relief for community banks.”

Following Mr. FineMore than 1,000 people are following Camden Fine’s tweets @Cam_Fine— are you? Visit www.twitter.com/cam_fine.

FINEPOINTS


TheConsumerFinancialProtectionBureau’snewproposalstoreformitsqualifiedmortgagerulesfollowyearsofICBAadvocacy.TheICBAandcommunitybankcampaigntoimprovethoseruleshasincludedacomprehensivestudyontheirimpactthatwasreleasedbeforetheCFPBannouncementofitsproposedchanges,whichareexpectedtobeformallyadopted.

ICBA’sadvocacyontheCFPB’smortgagerulesstartedbeforethebureauevenopeneditsdoors.TheFederalReserveinApril2011proposedrulesrequiringcreditorstodetermineaconsumer’sabilitytorepayamortgagebeforemakingtheloananddefining“qualifiedmortgages”thatautomaticallymeetso-calledability-to-repaystandards.ICBAworkedtoensuretheFedproposal,latertakenupbytheCFPB,protectedcommunitybanksandthemortgagestheyoffer,suchasportfolioandballoonpaymentloans.

Needlesstosay,theadvocacyprocesswiththeCFPBhasmovedatthespeedofWashington.We’veachievedsuccessgradually,withaccommodationscomingstubbornly.AsadvocatedbyICBA,theCFPBproposedrulereleasedinJanuary2013structuredthequalifiedmortgagewithlegalsafeharborprotectionsforsomeloans.Italsopromisedtoprovidequalifiedmortgagestatustoballoonloansoriginatedandheldinportfolioby“smallcreditors”operatingpredominantlyinruralorunderservedareas.

StillICBApushedforreform,callingforqualifiedmortgageprotectionsforallcommunitybankmortgageloansheldinportfolio.Alternatively,ICBAalsourgedtheCFPBtoexpandits“smallcreditor”and“rural”definitions.ICBAissuedsurveyresultsinMay2013onthelimitedimpactofthecommunitybankaccommodations,whichhelpedleadtofinalamendmentsestablishingthenewqualifiedmortgagecategoryforloansbysmallcreditorsthatareheldinportfolio.

AgainandagainICBApushedforchange,theCFPBrespondedwithaccommodations,andwerespondedwithcallsforthebureautogoevenfurther.

ThelatestICBAsalvowastheassociation’sJanuary2015releaseofitsCommunityBankLendingSurvey,whichdetailedthetangible

impactofthecurrentrulesoncommunitybanks.Three-quartersofthecommunitybankerswhorespondedtothesurveysaidtheregulationsarekeepingthemfrommakingmoremortgageloans.Two-thirdssaidtheydonotprovideloansthatfalloutsidethequalifiedmortgagedefinitionorwoulddosoonlyinspecialcases.

Clearly,theCFPBwaslistening.Thebureau’sproposedexpandedexceptionswouldextendthesmallcreditordefinitionto700newlendersandtheruraldefinitionto1,700additionalruralcreditors.Lendersthatqualifyfortheexpandedsmallcreditorexceptionwouldincreasefrom9,700to10,400,whilecreditorsdeemedruralwouldincreasefrom2,400to4,100,accordingtothebureau.

Ofcourse,thiscommunitybankvictoryisnottheresultofjustonesurvey.Itistheculminationofyearsofeffectiveadvocacy—meetingswithCFPBofficials,congressionalbriefingsandpublictestimony,countlesscommentlettersandcorrespondences.Italsoincludesthetirelesseffortsofcommunitybankers,ouraffiliatedstateandregionalassociations,andtheCFPB’sCommunityBankAdvisoryCouncil.

Justthesame,thisisnottheendoftheroad.ICBAwillsubmitacommentletteronthebureau’snewqualifiedmortgageproposalthismonth.AndwewillcontinueadvocatingforprovisionsinourPlanforProsperitycongressionalplatformthatwouldimposestatutorychangestotheCFPB’sregulations.

Justasthisvictoryservesasarewardforthehardworkofourassociationandindustry,itisalsoareminderthateffectiveadvocacyinWashingtonisperformedoveryears.Furthermore,itdemonstratestheresonanceofthecommunitybankvoiceinWashington.Withourindustry’sreputationforresponsiblelending,wecancontinuetomakepositivechange,butonlythroughourindustry’scollectivestrength,determinationandperseverance.

Elizabeth Eurgubian ([email protected]) is ICBA vice president and senior regulatory counsel.

YEARSIN THEMAKINGNew proposed mortgage reformsfollow extensive ICBA outreachWritten By: Elizabeth Eurgubian - ICBA


WilliamC.Rosacker,PresidentandCEOofUnitedBanker’sBank,ispleasedtointroduceUBBComplianceServicestotheUnited

Bankers’Bankproductmix.TheadditionofUBBComplianceServicestoUnitedBankers’Bankwillserveasadirectwayforcommunitybankstoenhancetheircomplianceprograms.

“Intoday’sheightenedandincreasinglycomplexregulatoryenvironment,weareelatedtohavetheopportunitytoofferadditionalcomplianceservicestoourcommunitybankerstoalleviatestressassociatedwithmeetingregulatoryrequirements,”commentsRosacker.

Giventheincreasedcomplexityindifferentareas,UBBComplianceServiceswillprovideavarietyofcomplianceserviceoptionstobanks,including,hotlinesupport,policyreviewanddevelopment,advertisementanddocumentreview,websitereview,onsiteregulatorycompliancereviews,andcompliancetraining.Eachcomplianceservicewillbetailoredtothebank’suniqueoperationsandneeds.

UBBComplianceServiceswillbemanagedbyKassiaHolt,whobringsawealthofpracticalworkingknowledgeandexperiencetotheposition.Kassiaiscertifiedasacommunitybankinternalauditor(CCBIA)andisintheprocessofobtaininghercertificationasaregulatorycompliancemanager(CRCM)andhercertificateasaBSA/AMLProfessional(CBAP).KassiagraduatedfromSt.CatherineUniversityinSt.Paul,MinnesotawithadegreeinBusinessAdministration.Herbackgroundincludeshandlingauditandcompliancedutiesattwo

communitybanks,aswellasworkingasacomplianceconsultantforanationalaccountingandconsultingfirm.

“Theeverchangingregulatoryenvironmentiscreatingchallengesforcommunitybanks.Ienjoythesechallenges,astheyallowmetousemyexpertiseinassistingcommunitybanksnavigatethroughitallwhileassistingthemtocreateastrongcomplianceprogram,”statesHolt.

Kassiahasdesignedanddevelopedcomplianceservicestoassistcommunitybanksinmanyways.Formoreinformation,pleasecontactKassiaHoltat952-886-9548.

CheckoutCBIAssociateMemberUnitedBankers’Bankatwww.ubb.com

Do You Know?... Dickinson LawFroma$60-per-monthrentalofficewithoneattorneynearly78yearsago,Dickinson,Mackaman,Tyler&Hagen,P.C.hasgrownintoageneralpracticelawfirmthatproudlyservesclientsinallofIowa’s99counties.HeadquarteredinDesMoines,thefirmprovidesafullrangeoflegalandbusinesscounselingservicesforcorporations,governmentalentitiesandassociationsfromeverycornerofIowaandbeyond.

DickinsonLawhasoneofthelargestteamsofbankingattorneysprovidinglegalservicestothestate’scommunitybanks.Relatedareasincluderegulatorycompliance;bankmergers&acquisitions;lending,collections&bankruptcy;corporategovernance;strategicplanning;executivecomp&benefits;bankinglitigation;bankingintellectualproperty;andcybersecurity&vendoragreements.Inaddition,thebankinggrouprecentlylaunchedanewservicefocusedonprovidingregulatorycomplianceadviceandlegalservicescalledComplianceCounselonCommand.ThegroupisledbyHowardHagen,whoformerlyservedasgeneralcounseltotheIowaDivisionofBankingandcurrentlyservesascounseltotheCommunityBankersofIowa.

Additionally,thefirmisaleadingprovideroflegalservicesintheareasofemploymentandlabor,businessandcorporatelaw,commerciallitigation,realestateandinformationtechnology.DickinsonLawisoneofonlyafewIowafirmsrankedineveryareaoflawresearchedbyChambers&Partners,andhasreceivedtoprankingsin19areasoflawinU.S.News&WorldReport’smostrecent“BestLawFirmsinAmerica”rankings.

DickinsonLawhasaproudhistoryofbeingacommunityservice-mindedfirm.Forthethirdyearinarowthissummer,wewillopenourdoorstothepublictoshowcaseourcommitmenttoauniqueprogramdesignedtopromoteIowaartists.Byprovidingafreevenuefortheseartists’workstobeseen,wehopetocreateagreaterawarenessofthetalentIowaisfortunatetopossess.

You’re invited to join us at this Open House event on Friday, June 26th from 4:30 – 6:30 pm., which coincides with the kickoff of the Des Moines Arts Festival. RSVP to [email protected] – drinks and appetizers will be served.

NewsfromCBIAffiliate&AssociateMembers

United Bankers’ Bank Introduces Compliance Services Program

Kassia Holt will manage UBB’s new Compliance Services program.

Dickinson Mackaman Tyler & Hagen P.C.

699 Walnut Street, Suite 1600 | Des Moines, Iowa 50309 | 515-246-4508

www.dickinsonlaw.com


February Survey Results at a Glance:• TheRuralMainstreetIndexfellbelowgrowthneutralfor

February.• Farmlandpricessankforthe15thstraightmonth.• Approximately22.2percentoffarmlandsaleswerecash

sales,almostunchangedfromOctober2014.• Februarymarkedthe19thstraightmonththatfarm

equipmentsalesdeclined.• Banker’seconomicoutlooksankforthemonth.

OMAHA,Neb.–TheCreightonUniversityRuralMainstreetIndexforFebruaryslumpedfromJanuary’stepidreadingaccordingtothemonthlysurveyofbankCEOsinruralareasofa10-stateregiondependentonagricultureand/orenergy.

Overall:TheRuralMainstreetIndex(RMI),whichrangesbetween0and100,sankto46.4inFebruary,whichisdownsignificantlyfromJanuary’s50.9.

“Weakerexportsandlowerenergyandgrainpricescontinuetoweighontheruraleconomythatisdependentonagricultureandenergy,”saidErnieGoss,Ph.D.,JackA.MacAllisterChairinRegionalEconomicsatCreightonUniversity’sHeiderCollegeofBusiness.

Farming and Ranching:Thefarmlandandranchland-priceindexforFebruarywasunchangedfromJanuary’sweak39.4.“Eventhoughcroppriceshavestabilized,demandforfarmlandremainsweakpullingagriculturallandpricesdownbyanestimatedannualizedrateof6percentto8percent.Thisisthe15thstraightmonththeindexhasmovedbelowgrowthneutral,”saidGoss.

Eventhoughfarmincomehasweakened,morethanone-fifth,or22.2percent,offarmlandsalesareforcashaccordingtobankersinFebruary.Thisislittlechangedfrom23.3percentrecordedinOctoberof2014.

TheFebruaryfarm-equipmentsalesindexplummetedto19.5from29.5inJanuary.Theindexhasbeenbelowgrowthneutralfor19straightmonths.“Farmershavebecomeverycautiousregardingequipmentbuyingeventhoughtheirpurchasesofseedsandotherinputshaveremainedsolid,”saidGoss.

Thismonthbankerswereaskedtoestimatethe2015changeinfarmequipmentsalesfortheirgeographicarea.Onaverage,a

14.4percentdeclineinequipmentsalesisexpectedbythebankCEOs.Approximately60percentofthebankersexpectreductionsofmorethan15percent.

Banking:TheFebruaryloan-volumeindexplungedto46.4fromJanuary’s62.1.Thechecking-depositindexsankto57.3from64.8inJanuary,whiletheindexforcertificatesofdepositandothersavingsinstrumentsfelltoaveryweak41.5fromlastmonth’s42.6.

Hiring:Despiteweakercroppricesandpullbacksfrombusinesseswithclosetiestoagricultureandenergy,RuralMainstreetbusinessescontinuetoaddworkerstotheirpayrolls.TheFebruaryhiringindexjumpedto56.5fromJanuary’s52.8.“Wehaveyettomeasureanysignificantdeclineinemploymentfortheenergysectorintheregion.Iexpectthattochangeinthemonthsaheadasloweroilpricesworktheirwaythroughtheeconomy.Year-over-yearjobgrowthfortheregionisnowapproximately1.4percent,whichisunchangedfromlastmonth,butstillwellabovethehistoricaverage,”saidGoss.

Confidence:Theconfidenceindex,whichreflectsexpectationsfortheeconomysixmonthsout,slippedto41.5fromJanuary’s43.6.“GlobaleconomicturmoilalongwithlowenergyandfarmpriceshavenegativelyaffectedtheoutlookofbankCEOsinenergyandagriculturedependentportionsoftheregion,”reportedGoss.

Home and Retail Sales:TheFebruaryhome-salesindexclimbedto50.9fromJanuary’s45.3.TheFebruaryretail-salesindexincheduptoafrail43.7from43.6inJanuary.

JeffBonnett,presidentofHavanaNationalBankinHavana,Ill.,reportedthatmanyofhiscustomerscommutetocitiesforemployment.“Thelowerfuelpriceshereinearly2015havebeenveryhelpfultothesefolks,whichhashelpedthelocalrestaurantsandeconomy.”Eachmonth,communitybankpresidentsandCEOsinnonurban,agriculturallyandenergy-dependentportionsofa10-stateareaaresurveyedregardingcurrenteconomicconditionsintheircommunitiesandtheirprojectedeconomicoutlookssixmonthsdowntheroad.BankersfromColorado,Illinois,Iowa,Kansas,

(Rural Mainstreet continued on next page)

Main Street Economic Survey

C r e i g h t o nU N I V E R S I T Y

February Rural Mainstreet Index Turns Negative:Farm Equipment Sales and Farmland Prices Decline Again

Ernie Goss


(Rural Mainstreet continued from previous page)

Minnesota,Missouri,Nebraska,NorthDakota,SouthDakotaandWyomingareincluded.ThesurveyissupportedbyagrantfromSecurityStateBankinAnsley,Neb.

Thissurveyrepresentsanearlysnapshotoftheeconomyofrural,agriculturallyandenergy-dependentportionsofthenation.TheRuralMainstreetIndex(RMI)isauniqueindexcovering10regionalstates,focusingonapproximately200ruralcommunitieswithanaveragepopulationof1,300.Itgivesthemostcurrentreal-timeanalysisoftheruraleconomy.GossandBillMcQuillan,formerchairmanoftheIndependentCommunityBanksofAmerica,createdthemonthlyeconomicsurveyin2005.

Colorado:Afterrisingabovegrowthneutralfor11straightmonths,Colorado’sRuralMainstreetIndex(RMI)declinedbelowthe50.0threshold.Thestate’sRMIslumpedto47.2fromJanuary’s50.9.Thefarmlandandranchland-priceindexroseto60.8from50.1inJanuary.Colorado’shiringindexforFebruaryclimbedtoahealthy60.8from62.3inJanuary.ColoradoRural

Mainstreetjobgrowthforthepast12monthswas2.2percent.

Illinois:TheRMIforIllinoisdecreasedto46.3from50.5inJanuary.TheIllinoisfarmland-priceindexexpandedto38.7from38.2inJanuary.Thenew-hiringindexroseto55.0from51.3inJanuary.IllinoisRuralMainstreetjobgrowthforthepast12monthswas1.3percent.

Iowa:TheFebruaryRMIforIowafellto46.7fromJanuary’s51.6.Thestate’sfarmland-priceindexforFebruaryexpandedto41.5fromJanuary’s38.7.Iowa’snew-hiringindexforFebruaryroseto57.2fromJanuary’s51.7.IowaRuralMainstreetjobgrowthforthepast12monthswas1.7percent.

Kansas:TheKansasRMIforJanuaryplummetedto45.1fromJanuary’s49.6.Thestate’sfarmland-priceindexdippedto37.2fromJanuary’s38.9.Thenew-hiringindexforKansasclimbedto53.9from51.9inJanuary.KansasRuralMainstreetjobgrowthforthepast12monthswas0.1percent.

(Rural Mainstreet continued on next page)

Tables 1 and 2 summarize survey findingsNext month’s survey results will be released on the third Thursday of the month, March 19.

Table 1: Rural Mainstreet Economy Last Two Months and One Year Ago: (index > 50 indicates expansion)

February 2014

January 2015

February2015

Area economic index 48.4 50.9 46.4

Loan volume 50.0 62.1 46.4Checking deposits 61.7 64.8 57.3

Certificates of deposit and savings instruments 42.5 42.6 41.8Farmland prices 41.7 39.4 39.4Farm equipment sales 30.9 29.5 19.5Home sales 53.4 45.3 50.9Hiring 54.3 52.8 56.5Retail business 40.1 48.1 43.7Confidence index (area economy six months out) 47.4 43.6 41.5

Table 2: The Rural Mainstreet Economy, February 2015Percentage of bankers reporting

51% - 75% 20% - 50% 10% - 19% 5% - 10% Less than 5%

Whatpercentoffarmlandpurchasesinyourareadoyouestimatearecashsales(notfinanced)? 3.8% 46.2% 19.2% 17.3% 13.5%

SignificantReductionsAbove 15%

Reduction1% - 15%

Little or no change

Increases in sales

1% - 15%

Significant Increase

Above 15%

Intermsofagriculturalequipmentsalesfordealersinyourareaforthenextyear,whatdoyouexpect? 59.3% 35.2% 3.7% 1.9% 0.0%

Significant and positive Positive Little or no

impactsNegative impacts

Significant and Negative

Thusfar,whathasbeentheimpactfromthedeclineinfuelprices? 5.5% 65.5% 27.2% 1.8% 0.0%

Follow Ernie Goss on Twitter www.twitter.com/erniegoss • For historical data and forecasts, visit: www2.creighton.edu/business/economicoutlook/


(Rural Mainstreet continued from previous page)

Minnesota:TheJanuaryRMIforMinnesotasankto44.6fromJanuary’s51.0.Minnesota’sfarmland-priceindexdeclinedto38.5from42.1inJanuary.Thenew-hiringindexforthestateadvancedto54.9fromJanuary’s54.4.MinnesotaRuralMainstreetjoblossforthepast12monthswas-0.4percent.

Missouri:TheFebruaryRMIforMissouriplummetedto47.5from54.1inJanuary.Thefarmland-priceindexdeclinedto53.5fromJanuary’s63.7.Missouri’snew-hiringindexdecreasedto66.8from71.7inJanuary.MissouriRuralMainstreetjobgrowthforthepast12monthswas2.5percent.Nebraska:TheNebraskaRMIforFebruaryslumpedto44.4from49.0inJanuary.Thestate’sfarmland-priceindexslippedto33.3from34.0inJanuary.Nebraska’snew-hiringindexgrewto50.7fromJanuary’s47.9.NebraskaRuralMainstreetjoblossforthepast12monthswas-0.6percent.

North Dakota:TheNorthDakotaRMIforFebruarydippedto53.7fromJanuary’s56.8.Thefarmland-priceindexclimbedto73.7from73.0inJanuary.NorthDakota’snew-hiringindexexpandedto83.0fromJanuary’s79.1.NorthDakotaRuralMainstreetjobgrowthforthepast12monthswas8.7percent.

South Dakota:TheFebruaryRMIforSouthDakotadeclinedto45.1fromJanuary’s49.4.Thefarmland-priceindexforFebruarydecreasedto35.3fromlastmonth’s36.2.SouthDakota’snew-hiringindexexpandedto52.3from49.7inJanuary.SouthDakotaRuralMainstreetjobgrowthforthepast12monthswas0.1percent.

Wyoming:TheFebruaryRMIforWyomingfellto47.1fromlastmonth’s50.8.TheFebruaryfarmlandandranchland-priceindextickedupslightlyto41.7fromJanuary’s41.6.Wyoming’snew-hiringindexclimbedto57.4fromJanuary’s54.0.WyomingRuralMainstreetjobgrowthforthepast12monthswas0.1percent.

Hang Out “Where Everybody Knows Your Name” in OkobojiCommunity banking helped shape our nation, state, and towns. Community banks are iconic institutions that still believe in integrity, fairness, and providing a genuine value to their customers. They are based on the continuing and growing relationships with rural communities, small businesses, farmers, and families.

The Community Bankers of Iowa’s 44th Management Conference and Annual Convention reiterates the importance of the personal service and commitment of community banks to their customers and the communities they serve with the theme, “Where Everybody Knows Your Name.”

The Convention strives to unite community bankers through education from nationally recognized speakers, access to the latest products and services, and numerous opportunities for networking, camaraderie, and the exchange of ideas with community bankers statewide.

Join us at the Community Bankers of Iowa’s 44th Management Conference and Annual Convention, July 15-17, 2015 in Okoboji, Iowa.

A registration brochure will be in your mailbox soon! Additional information and registration will also be available online at www.cbiaonline.org. If you have any questions about the convention, please call the CBI office at 515.453.1495.

Save the Dates for CBI’s44th Management Conference

& Annual Convention

July 15-17, 2015

the squeeze on

you? Is your EFT provider putting

(855) 314-1212 • shazam.net/money

Every time your EFT provider cranks up its fees, it’s like another clamp-down to your bottom line. But SHAZAM turns it the other way — more than $10 million in price reductions

and complimentary new products to our partners over the past two years!

Take the pressure off your business. Call SHAZAM today.

There’s a better way... call SHAZAM

Add it up!

Solutions that ICBA Securities can provide to your bank:

• BankAdvisory-Capital raises, mergers/acquisitions, strategic planning, valuations, ESOPs, stock options & more (offered through ICBA Securities’ affiliate, Vining Sparks Community Bank Advisory Group)

• Asset/Liability-More than typical data analysis, reports & reviews, ALCO meetings (your partner all the way through review, strategy & execution)

• InvestmentPortfolio-Strategies, analysis, Fixed Income sales/support & investment subsidiary asset management support (offered through ICBA Securities’ affiliate, Vining Sparks Asset Management, LLC)

• LoanTrading-Market makers in all loan types for community banks (SBA, USDA, Ag, Residential & Commercial, Performing & Non-Performing, etc), profit maximization, origination support, etc

• WholesaleFunding- Full-service wholesale funding support (issuing Brokered CDs, Repos/Reverse Repos, FHLB Advances Analysis, etc)

• InterestRateProducts- Increasing spread and income in the loan portfolio through interest rate swaps & support of all types (offered through ICBA Securities’ affiliate, Vining Sparks Interest Rate Products, LLC)

• ExecutiveBenefits&BOLI-Analysis, consulting, administration

• Software&Support-Online Portfolio Management, Asset/Liability Reporting, Bond Accounting, Safe Keeping, Total Return Modeling

• Education&Research-Ongoing education, industry leading research, proprietary analytics

A name you’ve known and trusted for over 20 years.

Your Iowa Balance Sheet Solutions Team:

Jonathan Ferebee • Gray Allison

800-786-1276ICBA Securities is a member of FINRA/SIPC

Providing Iowa Community Bankers comprehensive balance sheet solutions.

Exclusively Endorsed by

Securities execution services are offered by ICBA Securities Corporation a registered broker-dealer and Member FINRA/SIPC. Other services and products mentioned are not insured by SIPC and may be offered by separate but affiliated companies. Please visit our website for additional important disclosures and information. www.icbasecurities.com

Jonathan Ferebee • Gray Allison • Jonathan Pence • Jason Flatt

Community Banker Update - March 2015

Documents

Transcript of Community Banker Update - March 2015