BULLeTiN
A publication for members of the North Dakota Bankers Association.
Volume 13 • Issue 8
June 26, 2013
NDBA • PO Box 1438, Bismarck ND 58502-1438 • Ph: 701.223.5303 • Fax: 701.258.0218 • Email: [email protected] • www.ndba.com
Chairman’s Corner
Jay Feil, NDBA Chairman
Market President, Starion Financial
From the desk of ...
With over 34 years in the banking industry, serving as NDBA Chairman this past year has been
one of the highlights of my career. Reflecting back on this past year’s events, I can say I am truly
honored to have been able to work with such a high caliber staff and respected Association. I have
had the good fortune to network with many bankers throughout the region. It was inspiring to see
how North Dakota bankers continue to be leaders in their communities and play such a pivotal role in their communities’
success. Thank you for the privilege to serve as your NDBA Chairman. It is amazing how quickly this term has gone by.
During this past year, NDBA continued with its mission of providing “Extraordinary Leadership for North Dakota Banks”.
I would highlight this year’s successful Legislative Session. Thank you to the NDBA Legislative Committee and Board
for their involvement in working with Rick and Marilyn to develop our legislative priorities. We experienced an extremely
productive session. In particular, the successful passage of the financial institutions tax repeal legislation and NDBA's bill
to allow late fees and default interest rate to be set as a matter of contact will have an impact on our bottom line. I want to
commend Rick and Marilyn for their tireless and effective representation.
2012 brought changes to our Congressional delegation with the election of Sen. Heitkamp and Rep. Cramer. Although the
faces are new, we still face daunting regulatory burden. Through direct contact and grassroots advocacy, we must continue
to address the unintended consequences of the financial regulatory reform legislation. I have valued the opportunity to travel
with North Dakota bankers to Washington, DC, and clearly understand the importance of having a strong, united voice for
our industry.
NDBA continues its record of providing excellent value in government relations, communication, education and member
services. Record attendance at education programs, events and peer group meetings have proven that we have a supportive
and engaged membership. The launch of the electronic NDBA Bulletin has increased readership substantially and has
increased value to our business partners. And, recently, the
NDBA Board and staff completed a strategic planning session.
The North Dakota Bankers Association has clear direction on
where we need to go in the next three years. It was exciting
to participate with the Board and the staff and experience the
passion and desire to take this association to the next level.
This is a member-driven association and the NDBA staff
continues to strive to provide excellent member value. I ask
you to stay connected, continue to communicate and share in
the commitment to be forward-thinking. People say in North
Dakota we have something different. I agree. It is because our
relationships are strong and we value working together.
I want to wish Greg Schwab all the best in his role as the 20132014 NDBA Chairman. I hope that he enjoys his year as much
as I did.
2
BULLeTiN
A publication for members of the North Dakota Bankers Association.
122 East Main Ave., Suite 201
Bismarck, ND 58501
Phone: 701.223.5303 • Fax: 701.258.0218
EXECUTIVE COMMITTEE
FEATURES
4 Bankers Ask About New Laws
16 Dakota School of
Banking
Chairman
Jay Feil
Chairman-Elect
Greg Schwab
Treasurer
George Wald
[email protected]
[email protected]
[email protected]
Starion Financial
Mandan
Northland Financial
Bismarck
Great Plains National Bank
Dickinson
NDBA BOARD OF DIRECTORS
Lois Bednar
[email protected]
20 2013 Quad State Convention
Bank Forward
Fargo
David Hanson
[email protected]
American State Bank &
Trust Company, Williston
Rob Koppinger
[email protected]
Kirkwood Bank & Trust Co.
Bismarck
Dale Patten
[email protected]
McKenzie County Bank
Watford City
27 New NDBA Associate
Member
3
NDBA Board of Directors & Staff
4-13Articles
7
Calendar of Events
26
NDBA Education Events
28Happenings
36
Web Seminars
38
Bankers’ Classifieds
MISSION STATEMENT
Extraordinary Leadership for
North Dakota Banks
Alerus Financial
Grand Forks
Jason Hauff
[email protected]
Dakota Heritage Bank of ND
Hunter
Jan Odin
[email protected]
Unison Bank
Jamestown
Dean Steinwand
Vaune Cripe
[email protected]
American Bank Center
Dickinson
Craig Johnson
[email protected]
Merchants Bank
Rugby
Ron Palczewski
[email protected]
Dakota Western Bank
Bowman
Bob Willer
[email protected]
[email protected]
Citizens State Bank-Midwest
Cavalier
Bell State Bank & Trust
Fargo
Brent Zavalney
[email protected]
Choice Financial Group
Langdon
NDBA SERVICES, INC. BOARD OF DIRECTORS
Jolene Muscha
IN EVERY ISSUE
Karl Bollingberg
[email protected]
Chairperson
[email protected]
Bank of Glen Ullin
Glen Ullin
Todd Heilman
[email protected]
Western State Bank
Devils Lake
Nancy Wegenast
[email protected]
First Western Bank & Trust
Minot
Rick Clayburgh
Al Erickson
Greg Goodman
[email protected]
[email protected]
Gate City Bank
Fargo
Choice Financial Group
Langdon
Joe Herslip
Steve Rehovsky
Bank of North Dakota
Bismarck
First United Bank
Park River
[email protected]
Darren Haugen
[email protected]
Starion Financial
Mandan
NDBA Staff
Ann Reich
[email protected]
Gary Inman
[email protected]
Bell State Bank & Trust
Fargo
Dorothy Lick
[email protected]
President and CEO
[email protected]
SVP of Strategic Partnerships
SVP of Education
Marilyn Foss
Julie Dolbec
Kathy Mulske
General Counsel
Communications & Marketing
Director
Administrative Assistant
[email protected]
[email protected]
Jackie Bauer
[email protected]
Business and Database
Coordinator
3
[email protected]
[email protected]
Bankers Ask About New Laws
As happens after every legislative session, bankers are looking at the new laws and asking some
questions. Most concern changes to the UCC filing system under HB 1136 and the process
of implementing SB 2136, which allows late fees and provisions for changing “interest after
maturity” to be set as a matter of contract.
Electronic Lien Filing
Marilyn Foss
General Counsel
NDBA
Although House Bill 1136 started out as a one-page bill to clarify the length of the transition
period for creditors to implement the new name change rules of UCC Revised Article Nine, by
the end of the session, amendments prepared and sponsored by the Secretary of State turned
the bill into a comprehensive re-do of the filing system for liens and security interests. If things
go as planned (and with one exception for items that must be filed with mortgage records),
sometime between mid-2014 and mid-2015, North Dakota’s filing system for UCC security
interests, statutory liens and central notice system filings will be electronic. Once that occurs,
paper filings will no longer be accepted.
SSNs and TINs
One feature of the new electronic filing system is that creditors will again be able to use a debtor’s social security number
or taxpayer identification number to search for UCC and Central Notice System filings not filed in mortgage records. North
Dakota lenders lost this search capability a couple of years ago after national UCC paper filing forms dropped the space used
for the SSN/TIN information.
With electronic filing, banks will use the Internet or a direct B2B system and will input data directly into the files of the
Secretary of State. A debtor’s SSN/TIN will again be a mandatory item; the system will not accept a filing without SSN/
TIN data and will automatically alert the filing bank if the information is missing. (Note, however, the system will not
determine the accuracy of the number.) In order to make this “new” search tool effective, it will be necessary for creditors to
repopulate the database with the numbers. This means creditors will have to amend current filings to include the additional
SSN/TIN information. However, there will be a period of time in which the Secretary of State will accept the required
amendments without imposing a charge for them.
The public will not have access to properly inputted SSN/TIN data because that field will not show up in response to a search
of a debtor’s name. Creditors will have to have the information and will use it as a search filter, along with the debtor’s
name.
It is important for bankers to note the SSN/TIN requirement does not take effect until the electronic filing system is
implemented by the Secretary of State. NDBA and the Secretary of State will keep you posted about progress on that and
when electronic filing will be implemented. Until then, UCC and other filings will continue to use the current paper-based
system which does not require or allow debtor SSNs or TINs to be included.
Late Payment Fees and Interest After Maturity
SB 2136 was proposed by NDBA (and supported by ICBND and credit unions) in order to remove impediments and to give
lenders more flexibility regarding the imposition and collection of late payment fees and interest changes “after maturity”
by allowing these matters to be addressed by the lender’s contract with its borrower. It is important to note that SB 2136
does not give lenders carte blanche permission to impose late payment fees at all or to change interest rates after maturity if
there is no contractual agreement covering the matters. The new law does not take effect until August 1 and does not apply
to currently existing contracts unless those contracts are modified in the manner now provided by the terms of the existing
contract.
4
Under current law, late payment fees are limited and interest rate changes after maturity are void. SB 2136 does nothing
more and nothing less than to allow bankers and their borrowers to agree in a signed contract about how these matters are to
be handled.
Banks that want to change their practices and use their new flexibility of contract should first decide exactly what it is they
want to do. Then they should discuss the situation with their own legal counsel who can review the relevant documents and
all applicable laws and regulations, and then recommend changes and specific language to reflect the bank’s intended result
and the new law. However, each bank must decide for itself the terms for loan products the bank will offer to the public.
The passage of SB 2136 appears to be encouraging banks to evaluate a number of possibilities, including some that are not
addressed by SB 2136 or N.D.C.C. 47-14-05, the statute primarily affected by the legislation. For example, because neither
N.D.C.C. 47-14-05 nor the new law address fees or changes that are imposed for such things as a borrower’s failure to submit
annual financial statements, the bank’s ability to impose contractual penalties for this type of breach of the borrower’s
obligations is not affected by SB 2136.
In discussions with NDBA General Counsel Marilyn Foss North Dakota Commissioner of Financial Institutions Bob
Entringer speculated banks may want to increase interest rates upon a consumer’s failure to timely pay a loan installment.
Foss said she is aware of no North Dakota statute that would prohibit that type of action if it is agreed upon by the bank and
its customer in a written, signed agreement. The commissioner did not disagree but wanted to consult with department
counsel. Having done so, the commissioner has advised NDBA that we all agree there is no statute that addresses or restricts
a lender’s ability to contract with a consumer regarding interest rate changes in connection with a late payment.
Practices Deemed to be Unfair,
Deceptive, or Abusive
Banks which are considering making and
implementing contractual changes that could
be characterized as being “unfriendly” or as
penalizing borrowers should keep in mind the
CFPB is responsible to enforce prohibitions
against acts or practices that are “unfair, deceptive,
or abusive” which 12 U.S.C. section 5531(d)(2)
defines as taking “unreasonable advantage of
(A) a lack of understanding on the part of the
consumer of the material risks, costs, or conditions
of a product or service; (B) the inability of the
consumer to protect the interests of the consumer
in selecting or using a consumer financial product
or service; or (C) the reasonable reliance by
the consumer on a covered person to act in the
interests of the consumer.” Bank regulators will
also be reviewing banks’ practices against these
standards. Recently, the CFPB filed a lawsuit
charging a debt settlement service with violating
the prohibitions against unfair, deceptive or
abusive practices. The complaint (which describes
the alleged abusive conduct) is available at http://
files.consumerfinance.gov/f/201305_cfpb_
proposed-order_adss.pdf .
5
CFPB Releases Mortgage Rules Compliance Webpage
The CFPB has created a compliance resources webpage for its various mortgage rules, including the ability-to-repay and
Qualified Mortgage rules, HOEPA, loan originator, appraisals, escrow, and servicing rules. The page features small entity
compliance guides, videos, reference charts, and a list of rural and underserved counties.
To read more visit:
http://www.consumerfinance.gov/regulatory-implementation/
CFPB Releases Overdraft Study
The CFPB has released a white paper stating that customers who opt-in to overdraft
protection programs pay more in overdraft protection charges and non-sufficient
funds fees than those who do not opt-in. Those who opt-in are also more likely to
have their accounts involuntarily closed for negative balances, the white paper says.
The CFPB found that 27 percent of accounts opened during 2011 were charged for overdraft protection, and the average total
of fees paid over the year was $225. Six percent of accounts opened in 2011 were involuntarily closed due to unpaid negative
balances.
The white paper also found wide variations in fees, policies, coverage limits, and opt-in rates, which “raises questions about
the degree to which even the most sophisticated consumer could readily anticipate and manage the cost of engaging in a
series of transactions at one institution or compare the cost of overdrafting at different institutions,” the CFPB said.
To read more visit:
http://files.consumerfinance.gov/f/201306_cfpb_whitepaper_overdraft-practices.pdf
Senate Passes 2013 Farm Bill
The Senate passed its version of the 2013 farm bill by a 66-27 vote. The Agriculture Reform, Food, and Jobs Act of 2013
(S. 954) authorizes agriculture programs for another five years, ending direct payments, streamlining programs, continuing
support for crop insurance without a means test and repealing term limits on farm operating loans.
In related news, the House voted down its version of the 2013 farm bill by a 234-195 vote. The bill included agricultural titles
that would have kept the federal crop insurance program intact and provided greater certainty to farmers and ag bankers.
The vote failed over concerns about the supplemental nutrition programs also included in the bill. Moving forward, the
House could either start the legislative process over in the Agriculture Committee, or take up the Senate-passed bill (S. 954).
No action is expected until after the July 4th Holiday.
CFPB Delays Credit Insurance Provision
The CFPB has announced that it is delaying the effective date of the credit insurance provision of the loan originator
compensation rule until January 10, 2014. The rule was originally scheduled to take effect June 1. The delay will enable the
CFPB to consider the inclusion of monthly premium structures in a ban on financed premiums.
To read more visit:
http://files.consumerfinance.gov/f/201305_cfpb_final-rule_credit-insurance-effective-date-delay-finalrule-for-ofr-submission.pdf
6
House Passes Derivatives Bills
The House has passed two derivatives bills. The first (H.R. 634), passed by a vote of 411-12, would
provide clarity that end users would not be subject to margin requirements under the Dodd-Frank Act.
The second (H.R. 1256), passed by a vote of 301-124, would require the Commodity Futures Trading
Commission (CFTC) and the Securities and Exchange Commission (SEC) to jointly adopt rules
setting forth the application of Title VII of the Dodd-Frank Act to cross-border transactions.
House Approves Food
Insurance Amendment
The House has approved, by a vote of 281-146, an
amendment to the National Flood Insurance Program
(NFIP) that would temporarily delay some rate
increases. The amendment would delay for one year the
Biggert-Waters flood insurance reform’s phase-out of
grandfathered NFIP rates
for existing
Page
1 of 1policy holders.
ustom Calendar
July 2013
August 2013
September 2013
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Upcoming NDBA Events
July 2013
14-26 Graduate School of Banking at Colorado ~
Colorado
22 Baker Group Seminar ~ Fargo
August 2013
11-23 Graduate School of Banking at the University of
WI ~ Madison
September 2013
9-12 NDBA Group Meetings ~ Fargo, Grand Forks,
Bismarck and Minot
17-18 IRA Seminars ~ Radisson Hotel, Bismarck
19-20 IRA Seminars ~ Ramada Plaza Suites, Fargo
26-27 Ag Credit Conference ~ Radisson Hotel,
Bismarck
October 2013
1 Call Report Workshop ~ Radisson Hotel, Bismarck
11 NDBA Board Meeting ~ Grand Forks
17 NDBA Peer Group Consortium ~ North Dakota
Heritage Center, Bismarck
January 2014
29-30 Sales & Customer Service Conference ~
Radisson Hotel, Bismarck
February 2014
14-15 Bank Management Conference ~ Scottsdale, AZ
CFPB Releases Loan Origination,
Servicing Compliance Guides
The CFPB has issued small entity compliance guides for the loan originator and mortgage servicing rules that were finalized
in January and take effect January 10, 2014. These are the final compliance guides to be released for the Bureau's mortgage
rules.
To read the loan originator guide visit:
http://files.consumerfinance.gov/f/201306_cfpb_compliance-guide_loan-originator-compensation-rule.pdf
To view the mortgage servicing rules visit:
http://files.consumerfinance.gov/f/201306_cfpb_compliance-guide_2013-mortgage-servicing-rules.pdf
White House Announces Efforts to Address
‘Patent Trolls’
The White House has outlined a patent reform package aimed at curbing abusive patent
litigation. The package includes seven legislative proposals and five executive actions. The
Patent and Trademark Office will require patent applicants and holders to disclose and update
the “real party in interest” on all patents, train its examiners to give extra scrutiny to overly
broad patents, and educate the public about abusive patent litigation.
To read more visit:
http://www.whitehouse.gov/the-press-office/2013/06/04/fact-sheet-whitehouse-task-force-high-tech-patent-issues
Bill Approved to Create Insurance Licensing Board
The Senate Banking Committee has approved an insurance licensing bill (S. 534) that would create a non-profit, independent
board to provide a mechanism for multistate licensing for insurance producers.
Insurance agents would be able to apply for membership in the board and “become licensed to sell insurance in multiple
states, but states will maintain their full authority in regulating the business of insurance,” the Committee said. “This will
reduce costs and red tape for insurance agents and brokers who operate in multiple states, and will allow consumers to
maintain relationships with their insurance agents if they relocate to another state.”
Confidence in Banks Hits Five-Year High
American confidence in banks has hit a five-year high, according to the Gallup Poll’s annual “Confidence in Institutions”
survey. Twenty-six percent of Americans reported “a great deal” or “quite a lot” of confidence in banks, the highest level
since June 2008 and five points above the record low notched in 2012. Americans expressing confidence are edging closer
to the proportion of those who express “very little” or “none,” with the spread dipping to only two percentage points from
14 last year. However, confidence in banks remains depressed compared to long-term trends; in 2004, 53 percent expressed
confidence in banks.
To view the survey visit:
www.gallup.com/poll/163073/americans-confidence-banks-first-time-years.aspx.
8
Regulators Urged to Address Foreclosures
Against Surviving Spouses
House Financial Services Committee Ranking Member Maxine Waters (DCA), Sen. Richard Blumenthal (D-CT), and Rep. Lois Capps (D-CA) wrote
to eight federal agencies, urging them to take steps to address foreclosures
against surviving spouses who may not be signatories to their mortgage
loans.
“We urge each of your agencies to use all powers at your disposal to ensure
that financial institutions provide surviving spouses with full information
about a loan, as well as help them to assume mortgages if they seek to,
avoid foreclosure, and stay in their homes,” they wrote. “In addition, as
your agencies implement legal settlements with homeowners who were
wrongfully foreclosed upon, we ask that you examine that eligibility of surviving spouses for the legal redress to which their
late partners may have been entitled.”
CU Taxation Among Senate Options
The credit union tax exemption is one of the tax expenditures
identified for potential reform in a “Tax Reform Option Paper”
released June 13 by the Senate Finance Committee.
To read the paper
visit: www.finance.senate.gov
NDBA
Endorsed
9
CFPB Releases Exam Guidance on New Mortgage Rules
The CFPB has issued interim examination procedures to accompany its new rules on appraisals, escrow accounts, and
compensation and qualifications for loan originators. The Bureau said the updates are the first of many, and that it is
coordinating its procedures with other federal banking regulators to promote consistent regulation.
To read more visit:
http://www.consumerfinance.gov/pressreleases/the-cfpb-releases-exam-procedures-for-new-mortgage-rules/
CFPB Updates Complaint Database
The CFPB has announced that its consumer complaints database is now searchable by state. The database includes more
than 113,000 individual consumer complaints on financial products and services, including mortgage loans, bank accounts
and services, student loans, and credit cards, as well as credit reporting and money transfers with the latest release.
To read more visit:
http://www.consumerfinance.gov/pressreleases/cfpb-complaint-data-now-searchable-by-state/
CFPB Amends Ability-To-Repay Rule
The CFPB has amended its final ability-to-repay rule, adding an exception that allows the compensation paid by lenders or
brokers to loan originators not to count toward the rule’s points and fees threshold.
The Bureau also changed its original rule to provide a two-year transition period during which certain small creditors can
offer balloon payment qualified mortgages if they hold the loans in portfolio. The CFPB said that it will use the transition
period to study whether the definitions of “rural” or “underserved” should be adjusted, and to work with small creditors to
transition to other types of products.
To read more visit:
http://www.consumerfinance.gov/pressreleases/cfpb-finalizes-amendments-to-ability-to-repay-rule/
FDIC, CFPB Release Training for Senior
Citizen Financial Education
The FDIC and Consumer Financial Protection Bureau released an instructor-led training module designed to help senior
citizens and their caregivers protect themselves from financial exploitation and make informed financial decisions. “Money
Smart for Older Adults” is the latest installment in the FDIC’s “Money Smart” program. Topics covered by the new training
include scams targeting the elderly, identity theft, planning for unexpected events, and disaster preparedness. Bank staff
should consider presenting the curriculum in partnership with senior service organizations or other local groups.
To learn more visit:
www.fdic.gov/consumers/consumer/moneysmart/OlderAdult.html
10
Banks Help Their Community and
Earn a Tax Credit!
The North Dakota Housing Finance Agency (NDHFA) is again ready to address
the state’s need for affordable housing through the Housing Incentive Fund (HIF).
An affordable housing development program, HIF was used to create 669 new
rental units in North Dakota in the last two years. The program is back up and
running. NDHFA is accepting development applications and needs to raise $20
million to fully capitalize the fund.
“Regional and community banks really stepped up last time, supporting projects across the state,” Jolene Kline, NDHFA’s acting
executive director. Twenty financial institutions contributed $3.8 million in 2011-2012.
A change in the tax structure for financial institutions made by the Legislative Assembly means that a HIF tax credit can now be
applied to that financial institution’s entire tax liability – rather than the 3/13th state share under the old program.
In exchange for contributions, banks will again receive dollar-for-dollar tax credits, and they can direct those dollars to specific
project or communities.
Contributions may also qualify for a federal income tax deduction and as CRA (consult tax and compliance professionals and
learn more online at www.NDHousingIncentiveFund.org).
Contributions must be received by the fund before the end of the tax year, but contributors don’t need to wait to make a
contribution. Taxpayers who make estimated quarterly state tax payments can adjust the amount of their estimated payments to
account for the anticipated reduced tax liability that will result from applying the HIF tax credit on the state tax return at the end
of the tax year. And now is a great time to contribute so projects can take advantage of the 2013 construction season.
“Developer interest in the fund is high again this year and adequate financial support will be required before HIF projects can
break ground,” said Kline. “More projects are under review and they need your support to begin construction.”
HIF was reauthorized by the 63rd Legislative Assembly and the tax credits were supplemented by a $15.4 million general fund
appropriation to help get projects underway faster. Contributions are required to round out project funding.
More information on HIF is available online at www.NDHousingIncentiveFund.org. Questions regarding the fund can be directed
to Kline or Bill Hourigan at (800) 292-8621, (701) 328-8080 or [email protected].
Minneapolis Federal Reserve Offers
Compliance Burden Calculator
Thirty-three percent of banks with assets under $50 million would become unprofitable if they were to add just two extra
compliance employees, according to a recent paper by the Federal Reserve Bank of Minneapolis. Adding just half of a fulltime equivalent employee would make 6 percent of under-$50 million banks unprofitable.
The researchers sought to quantify the cost of increased regulation on community banks by modeling the impact of
new regulatory costs as the hiring of additional staff, resulting in higher total compensation and lower profitability. The
researchers then analyzed the changes in the distribution of community bank profitability.
They also developed a downloadable calculator in which banks can input their asset size, number of full-time employees, and
compensation levels to assess their own compliance burden.
To learn more visit:
www.minneapolisfed.org/publications_papers/pub_display.cfm?id=5102
11
Cordray Plans to Keep Mortgage Rule Effective Dates
In a speech defending his agency’s regulatory process and track record, CFPB Director Richard Cordray said that the
mortgage rules scheduled to take effect next January will not be delayed – despite a forthcoming “second round of proposed
changes” and other “adjustments at the margins.”
“We do not believe that this process should slow down the implementation process at any lender or servicer,” he said. “We
fully expect all institutions to be in compliance by next January.” Cordray said that the CFPB has “a large team” working on
the implementation of the mortgage rules. “We pledge to work with the industry to resolve ambiguities, to discuss obstacles
to implementation and to work through any serious, unintended consequences,” he added.
FDIC Seeks Comments on Insurance Disclosures,
Acknowledgments
The FDIC is seeking continued authorization to require state member banks engaged in the insurance business to comply
with insurance sales disclosure and acknowledgment requirements, ABA’s American Bankers Insurance Association
subsidiary reported. The deadline for comments on the necessity of the disclosures -- or ways they can be approved -- is
August 19.
To read more visit:
http://bankinsuranceconnection.aba.com/2013/06/fdic-seeks-omb-approval-for.html
12
Senators Emphasize Community Bank
Concerns During Hearing
Senators from both parties questioned whether the regulatory burden on community
banks was too heavy during a recent Senate Banking Committee hearing on community
bank performance.
“The regulatory framework that emerged out of Dodd-Frank has made it increasingly
difficult for community banks to operate and maintain business presence in many
communities,” said ranking member Mike Crapo (R-Idaho). "Community banks are
disproportionately affected by increased regulation because they are less able to absorb
additional costs."
Elizabeth Warren (D-Mass.) expressed concern that “small banks are still subject to
many regulations that were written for the larger financial institutions,” and Heidi
Heitkamp (D-N.D.) told the Politico newspaper that “when you look at the overall thrust
of Dodd-Frank – which was to eliminate ‘too big to fail’ – I think for many community
banks, this has become ‘too small to succeed.’”
During testimony, officials provided an overall optimistic view of community banks’
performance without significantly addressing regulatory burden. Community bank
failures in the years following the 2008 financial crisis mostly resulted from risky
real estate loans and poor underwriting, said the Government Accountability Office’s
Lawrence Evans.
Davis Polk: 175 Dodd-Frank Rulemaking
Requirement Deadlines Missed
Davis Polk has released its June 2013 Dodd-Frank Progress Report.
• As of June 3, a total of 279 Dodd-Frank rulemaking requirement deadlines have passed, 70 percent of the 398 total rulemaking requirements.
• 175 (63 percent) passed deadlines have been missed while 104 (37 percent) have been met with finalized rules.
• Rules have not yet been proposed to meet 128 (32 percent) of the rulemaking requirements.
To read more visit:
www.davispolk.com/files/uploads/FIG/Jun2013_Dodd.Frank.Progress.Report.pdf
OCC Releases Booklet on ‘Common Sense’ Community Banking
The Office of the Comptroller of the Currency has released a booklet called “A Common Sense Approach to Community
Banking,” in which it outlines the regulator’s view of how community banks can thrive. Aimed at bank directors and senior
management, the booklet focuses on risk assessment and management, strategic and capital planning and OCC supervisory
expectations.
“There are a lot of publications out there that describe both the difficulties and opportunities that confront community
banks,” said Central District Deputy Comptroller Bert Otto. “In developing this publication, we asked ourselves, ‘What
distinguishes community banks that thrive from those that either just barely survive or eventually fail?’”
To view the booklet visit:
http://www.occ.gov/publications/publications-by-type/other-publications-reports/
common-sense.pdf
13
FDIC on Municipal Credit Risk Assessment
The FDIC’s recent “Supervisory Insights” publication provides clarification of
section 939A of the Dodd-Frank Act. This section of Dodd-Frank states that
banks should not rely on external credit ratings, and should instead perform
their own due diligence and credit analysis in order to determine “investmentgrade status.” The FDIC specifically notes that due to an OCC exemption, most
municipal bonds will not require determination of an investment-grade status.
However, banks still need to perform pre-purchase analysis, be knowledgeable
about the credit of all purchases, and have a procedure in place to continually
monitor the credit of all municipal bonds in the portfolio. Examiners will
continue to shift their focus to these factors and away from external credit
ratings since they are no longer appropriate to justify credit quality.
Dana Walker
To comply with these regulations, banks need to implement a procedure for
Municipal Analyst
performing internal pre-purchase credit analysis as well as a periodic credit
Financial Strategies Group
review of all municipal bonds in the portfolio. Section 939A of the Dodd-Frank
The Baker Group
Act uses broad language that gives banks flexibility in developing their own
procedures and frameworks for credit analysis. The FDIC suggests that implementing a credit assessment
procedure similar to the one already in place for the loan portfolio would be sufficient for municipal bonds.
Fortunately, this would eliminate the need to build an entirely new system.
The pre-purchase analysis should take into account the fact that certain bonds will require more due diligence
than others, depending on the level of risk. For example, bonds issued by undeveloped improvement districts
(dirt bonds) have a higher level of risk and should be scrutinized more heavily than a state-issued general
obligation bond. Also, external credit ratings can be factored into this analysis, but they may not be used as
justification for a purchase.
We initially developed our municipal credits database in 2008 to provide clients with specific credit metrics
unique to municipal securities. Today, the database covers more than 100,000 CUSIPs representing municipal
issuers in every state in the U.S. Our offering and municipal credit profile sheets highlight more than 40
individual metrics delivering essential credit information that is often incredibly cumbersome to obtain within
the bond’s official statement and/or financial audits. Our reports, in conjunction with the bank’s investment
policy, allow for a much more efficient and user-friendly credit analysis process.
To assist banks in monitoring credit quality on an ongoing basis, we provide a tool called the Credit Criterion
Check (Exhibit 1), which will quickly identify municipal bonds that may have deteriorating credit quality. This
tool contains updated credit metrics for each municipal bond and allows the user to define the parameters of
good credit quality. The FDIC’s recent publication highlights a similar template for the credit analysis process,
which assigns a cumulative “score” based on many of the same metrics we provide in our municipal credit
profile sheets. It is crucial that banks establish such a process to comply with regulator’s expectations.
Credit Criterion Check Portfolio Viewer
For REV bonds: Essential Purpose>1.25, Lease>1, Other>1.5
Sample Institution
Cusip
Description
Security
005248CR8
051053CW4
054213TT0
117511JM8
SAMPLE BOND
AUGLAIZE CNTY OHIO
AVON OH
BRYAN OH
AD VAL TAXES
AD VAL TAXES
AD VAL TAXES
AD VAL TAXES
Yes=In Compliance with Benchmark
DA < 2x the
State Avg
PC Debt <
$3500
YES
YES
YES
YES
YES
YES
YES
NO
14
More Than
10% Debt
Capacity
Remaining
YES
N/A
N/A
YES
No=Not in Compliance with Benchmark
Property Tax Collections to Increase in
Collections > Debt Service OLD < 3x (if
> or = 1x
PC >2000)
90%
YES
N/A
YES
YES
YES
YES
NO
YES
YES
N/A
N/A
YES
State Aid
Dependence
Change in
Net Assets
YES
YES
YES
YES
YES
YES
REVIEW
YES
Cusip:
Criterion Check Performed By:
Type of Municipality:
REV Type If Applicable (EP, L, or O) :
005248CR8 - ADA OH EXEMPT SCH DIST - SD CR
SD
0
( Enter: the CUSIP )
( Enter: "Your Name" )
Credit Review Date:
6/13/2013
( Enter: "EP" for Essential Purpose, "L" for Lease, "O" for Other )
Credit Metrics
Source of Revenues Pledged:
Description
Type
Credit Enhancement
Issue Date
Financial Report Date
Fiscal Year End Date
REV Debt Coverage
REV Rate Covenant
Go Debt To Assessed
State Average GO Debt to Assessed
GO Gross Direct Debt
GO Net Direct Debt
GO Debt Limit
Tax Assessed
Market Value
Property Tax Levy
Property Tax Collection
GO Debt Service
GO Total Overlapping Debt (OLD)
Debt to Assessed w/ Overlapping
GO Per Capita Debt
GO Per Capita Debt w/ Overlapping
Intergovernmental Aid Dependence
Beginning Year's Net Assets
Ending Year's Net Assets
County Unemployment Rate
State Unemployment Rate
National Unemployment Rate
Book Value
Total Issuer Book Value
Total Portfolio Book Value
Tier I Capital
AD VAL TAXES
SAMPLE BOND
GO
Insd-State Aid
4/12/2012
4/12/2012
6/30/2011
0.00
0.00
6.27
3.92%
$0
$5,751,432
9.00
$91,747,010
$0
$2,677,433
$2,653,419
$1,000,000
$2,533,258
0.09
$2,185
1,124
56.19
$1,000,000
$11,000,000
HARDIN - 7.5%
OH - 7.1%
7.5%
$300,778
$300,778
$32,081,377
$123,456,789
Within Preferred Credit
Criteria
Credit Criteria
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Not Applicable
Debt to Assessed No More Than 2x the
State Avg
7.84%
Yes
Per Capita Debt < $3500
$3,500
Yes
$7,431,508
Yes
99.10%
Yes
Essential Purpose Coverage > 1.25x
Lease Revenue Coverage = 1.00x
Other Revenue Coverage > 1.50x
DC > RC
More Than 10% Debt Capacity
Remaining
Property Tax Collection Rate At Least
90%
Collections / Debt Service > or = 1x
2.65
Yes
Increase in OLD < 3x (if PC >2000)
0.51
Yes
State Aid Dependence
65
Yes
Change in Net Assets
Increasing
Yes
County Unemployment no more than
150% of State Unemployment
100.0%
Yes
Total Issuer Book Value less than 7.5%
of Tier I Capital
0.24%
Yes
Since 1979, we’ve helped our clients improve decision-making, manage interest rate risk, and maximize investment
portfolio performance. Our proven approach of total resource integration utilizing software and products developed
by Baker’s Software Solutions* — combined with our solid investment experience and advice — makes us the
investment firm of choice for many community financial institutions.
For more information, contact:
Dana Walker
The Baker Group:
800-937-2257
www.GoBaker.com
email: [email protected].
*The Baker Group LP is the sole authorized distributor for the products and services developed and provided by
The Baker Group Software Solutions, Inc.
Special note: the first line of text (The FDIC’s recent “Supervisory Insights” publication...) refers to the document
at this link:
http://www.fdic.gov/regulations/examinations/supervisory/insights/sisum13/SIsummer13.pdf
NDBA
Endorsed
15
Dakota School of Banking
Dakota School of Banking Celebrates 40th Year
with Record First-Year Class
The Dakota School of Banking marked its 40th year with a record first-year class. Fifty-seven bankers from three states attended the school,
with 35 first-year students and 22 second-year students. The school, sponsored by the North Dakota Bankers Association (NDBA) and
endorsed by the South Dakota Bankers Association (SDBA), was held June 16-21 on the Jamestown College campus in Jamestown, ND,
where it has been since 1997.
“The Dakota School of Banking offers important perspectives on forces that shape the banking industry,” said Dorothy Lick, NDBA senior
vice president of education. “Through a well-rounded educational experience that develops skills and creates a resources network, DSB
students enhance their performance to thrive in the evolving financial services marketplace.”
Students at the Dakota School of Banking are enrolled for two years, attending one week each summer. The first-year session provides a
general overview of the banking industry and the departments that make up a bank. The second-year session builds on the general banking
knowledge gained in the first year and adds a computerized bank management simulation to reinforce technical and functional management
skills.
Instructors at the school include bankers, attorneys, accountants and consultants. Sessions combine lecture, hands-on activities and testing.
Congratulations to the 2013 DSB Graduates!
“T he wh
ole
p ro g r a m
well orga is
nized
and it is
clear
that a lo
t
of work
ha s
gone int
o the
plannin g
of the
school. T
he
s tr u c t u r
e of
the clas
se s
the mate fit
rial
well.”
“T he
in g is
network he
!T
amazin g
xec
E
k
n
Ba
n
simulatio
t
a
w a s g re
e
r
e xp os u
my
to what
e nt
man a gem
team
s
t
s ru ggle
ep
e
k
with to
k
n
ou r b a
le”
profitab
Front row: Kris Holm, United Valley Bank, Grand Forks; Kelly Schmidt, Great Plains National Bank, Ellendale; Dorothy Becker, Dakota
Western Bank, Hettinger; Katie Adrian, Citizens State Bank of Lankin, Edinburg; Vicky Schafer, Bell State Bank & Trust, Wahpeton; Cherie
Belgarde, Dacotah Bank, Rolla; Daren Bachman, Choice Financial Group, Langdon; and Chris Buchholz, McKenzie County Bank, Watford City.
Second row: Kris Ahmann, Bank of North Dakota, Bismarck; Taylor Sannes, United Valley Bank, Argyle MN; Cayle Paulson, American State
Bank & Trust Company, Williston; Carol Hendrickson, Starion Financial, Mandan; Fran Leier, Dacotah Bank, Minot; Lucas Gannarelli, Bank of
North Dakota, Bismarck; Clay Spielmann, First State Bank of Roscoe SD; and Jonas Dick, Bank of North Dakota, Bismarck.
Back row: Brad Sessler, First State Bank of North Dakota, Casselton; Chad Bjornson, Starion Financial, Bismarck; Jerrod Bergstrom, Citizens
State Bank of Finley; Chad Baldock, Western State Bank, West Fargo; Brock Schoch, Northland Financial, Bismarck; and Tony Thoreson, Farmers
Security Bank, Washburn.
16
Dakota School of Banking
The 2013 Top BankExec Team (l to r): Daren Bachman,
Taylor Sannes, Katie Adrian, Brad Sessler, Fran Leier
and Chad Bjornson.
DSB Staff (standing l to r): Tom Capouch,
and Tyler Marthaler
(sitting l to r): Dorothy Lick, Bill Campbell
and Trisa Keys
Brad Sessler of First State Bank of North Dakota
in Casselton was named the 2013 Dakota School of
Banking Outstanding Student. Here, he accepts his
award from BankExec Instructors Tom Capouch and
Bill Campbell.
American Bank Center
Bell State Bank & Trust
Bank of North Dakota
Dacotah Bank
Eide Bailly LLP
First State Bank of ND
McLean Bank Holding Company
Starion Financial
Western State Bank
ate to
fortun to
y
r
e
v
e
y
“We ar e opportunit
so
have th chool like this
s
a
attend se to home.”
clo
“Enjoyed the networking and
meeting bankers from around
the state. It was good to hear
how others do things and the
challenges they face.”
17
“T he ba
nk
put tog in g school was
ether a
nd orga well
Ever yth
nized.
in g wen
t smoot
I had a
hly and
n enjoy
able lea
rnin g
experie
nce.”
Dakota School of Banking
2013 DSB First-Year Students
“I thoro
u ghly
enjoyed
the pane
l
discussio
n.
It was n
ice
to hear
wh a t
challen g
e
differen s
t size
b a nk s a r
e
facin g b
a sed
on their
individu a
l
culture s
.”
“T he staff
and the
pre senters
do a
great job
pre sentin g
a wealth of
n
informatio
t
r
o
in a sh
time while
ll
makin g it a
.”
g
n
intere sti
First row: Amanda Gienger, American Bank Center, Bismarck; Stacey Poffenberger, Bank of North Dakota, Bismarck; Jill Schneider,
Eide Bailly LLP, Fargo; Michele Weaver, Unison Bank, Jamestown; Alea Zeiszler, Garrison State Bank & Trust; Nikki Thorsgard,
Citizens State Bank, Northwood; Dana Wolff, Bank Forward, Bemidji MN; Staci Berube, Farmers Security Bank, Washburn; and Jeremy
Johnson, Starion Financial, Fargo.
Second row: Rachelle Schroeder, American Bancor, Ltd., Dickinson; Melissa Pinks, American Bank Center, Bismarck; Carrie Lick, Gate
City Bank, West Fargo; Becky Thatcher-Keller, South Central Dakota Regional Council, Jamestown; Jodi Mautz, Garrison State Bank and
Trust; Jeanine Brown, Quality Bank, Page; and John Jorgensen, First & Farmers Bank, Portland.
Third row: Aaron Haroldson, First International Bank & Trust, Fargo; Nate Zerface, Dacotah Bank, Valley City; Tom Fogarty, Eide
Bailly LLP, Fargo; Jonathan Wilson, KodaBank, Drayton; Charlotte Aldinger, Commercial Bank of Mott; Missy Feist-Erickson, Peoples
State Bank of Velva, Minot; Paul Bourdeaux, Sycorr, Fargo; and Ryan Grussing, Cornerstone Bank, Fargo.
Fourth row: Adam Matter, Bank of North Dakota, Bismarck; Andrew Shae, Western State Bank, West Fargo; Brian Haugen, Bell State
Bank & Trust, Fargo; Chad Jaroszewski, Bell State Bank & Trust, Fargo; Greg Stemen, First State Bank of North Dakota, Marion; Mike
Schmid, Grant County State Bank, Carson; and Jason Jung, First State Bank of Warner, Warner SD.
Back row: Blake Crow, Eide Bailly LLP, Sioux Falls SD; Ben Olson, Dakota Heritage Bank of North Dakota, Hunter; Collin Ferguson,
First National Bank & Trust, Williston; and Bobby Foster, First State Bank of Munich.
Special thanks to the DSB instructors who contributed to the school’s success:
Risk Management:
Toby Aeilts, Eide Bailly LLP, Fargo
Bank Financial Analysis I and Asset Liability Management:
Pete Hoistad, Brady Martz & Associates, Grand Forks
Lending:
Richard Beck, STAR Financial Bank, Ft. Wayne, IN
Bank Operations and Technology:
Erik Hoghaug, Consultant, Dripping Springs TX
BankExec, Bank Financial Analysis II, Business Planning, Liquidity:
Bill Campbell, Campbell & Associates, Prescott, AZ
Bank Reports and Exams:
Dave Lessard, ND Dept. of Financial Institutions, Fargo
BankExec, Investments, Macroeconomics:
Tom Capouch, The First and Farmers Bank, Portland
Trust Services:
Mary Locken, Bell State Bank & Trust, Fargo
Bank Executives Panel Discussion:
Karl Bollingberg, Alerus Financial, Grand Forks; Jan Odin, Unison Bank,
Jamestown; Gary Petersen, Lakeside State Bank, New Town; Moderator Pete
Hoistad, Brady Martz, Grand Forks
Human Resource Management:
Sheila Marquart, Starion Financial, Bismarck
Sales and Relationship Management:
Anita Quaglia, Bank of North Dakota, Bismarck
Banking Law:
John Foster, Zimney Foster PC, Grand Forks
Tracy Kennedy, Zimney Foster PC, Grand Forks
Presenting with Impact:
Rebecca Undem, Dale Carnegie Training, Fargo
18
BankExec Teams
BankExec Team 1
BankExec Team 2
BankExec Team 4
BankExec Team 3
North Dakota Bank Executives Serve Up Lively Discussion at
DSB; Campbell Honored at Reception
Tuesday afternoon featured a bank executives panel discussion moderated by longtime DSB instructor Pete Hoistad,
shareholder with Brady Martz & Associates in Grand Forks. Panel members Jan Odin from Unison Bank in Jamestown,
Gary Petersen from Lakeside State Bank in New Town and Karl Bollingberg from Alerus Financial in Grand Forks offered
valuable insight, shared personal experiences and answered student questions about the future of the banking industry.
Following the panel discussion, Dakota School of Banking students, staff and graduates honored BankExec instructor Bill
Campbell, who retired from DSB following this year’s session. Campbell, a former bank executive and banking consultant
from Prescott, AZ, taught at the school since 1998, providing sixteen years of excellent instruction and guidance for
hundreds of DSB second-year students.
Here’s to you, Bill!
Bank Executives Panel
Bill Campbell and past School Director
Dave Falkenstein and his wife Tammi
Panel members Gary Petersen, Jan Odin
and Karl Bollingberg
19
The Quad States Convention, which was held June 9-11 in
Rapid City, SD, brought together more than 645 bankers,
family members and business partners from South Dakota,
North Dakota, Montana and Wyoming to celebrate and
share their traditions, hometown banking values, and spirit
of serving their customers.
The convention kicked off on Sunday, June 9, with a
county fair-themed grand opening party in the exhibit hall.
Attendees had a chance to visit with 76 exhibitors and take
part in the exhibit hall game. Attendees dined on fair-flavored food including corn dogs, burger sliders, nachos
and root beer floats and listened to music by The Woodshredders. The night concluded with Grand Magic’s
Vegas-quality, family-friendly magic show.
Monday began with the all-convention breakfast and a moving presentation by Salvatore “Sal” Giunta, the first
living person to receive the U.S. Armed Forces’ highest decoration for valor, the Medal of Honor, for actions that
occurred after the Vietnam War. All attendees received a copy of Giunta’s book “Living With Honor.” After a
morning of speakers, attendees headed out to the golf tournaments at Arrowhead Country Club and The Golf
Club at Red Rock. Attendees also had the option of three afternoon tours – a tour of the Hotel Alex Johnson and
lunch, fine dining at Wine Cellar Restaurant and a downtown walking art tour, or a ride on the 1880 Train and
a visit to Crazy Horse Memorial. Monday concluded with supper and sightseeing at Mount Rushmore National
Memorial followed by the lighting ceremony.
A number of attendees were up early Tuesday morning for the fun run/walk. The first speaker of the morning
was Steve Gilliland. In his presentation “Enjoy the Ride,” Gilliland shared his thoughts on facing conflicting
demands in an unforgiving business environment that just keeps getting tougher. Attendees had a variety
of breakout topics to choose from, such as managing investment rate risk and investments, implementing
enterprise risk management, health care reform, why social engineering matters to community banks, and
June sessions
9-11, 2013,
City, South
making a difference. Special events for spouses included
titledRapid
“Discovering
YOU”Dakota
and “Get Big:
The Hoopwoman’s Guide to
Living Freely and Fully.” The
convention concluded Tuesday
night with a reception, banquet
and entertainment by The Pink
Flamingos. The Pinks had
everyone out of their seats, on
their feet and dancing all night
long.
Thank you to all the bankers,
family members, exhibitors,
sponsors and business partners
who took part in this year’s
convention. Next year’s
convention will return to a twostate event with South Dakota and
North Dakota June 8-10, 2014, at
Ramada Plaza Suites in Fargo,
N.D.
20
The North Dakota Bankers Association (NDBA) elected new officers for its 2013-2014 Board of Directors at the Annual
Convention Business Luncheon in Rapid City, SD on June 11. These newly-elected officers officially begin service on July 1,
2013. NDBA is honored to have the following highly-talented bankers leading up the association this year.
Chairman Greg Schwab
Greg Schwab, chief financial officer of Northland Financial, was elected chairman of the NDBA
Board. Greg is a native of Tolna and a graduate of Mayville State University with a bachelor’s
degree in business administration. He joined Northland Financial in 1992. In addition to his
CFO qualifications, Greg holds Series 7 and Series 65 designations, which allows the bank to
offer investment services to their customers. Greg has served on many boards and organizations
including the NDBA Services, Inc. Board. Greg resides in Bismarck with his wife, Beverly. They
have two grown children, Kayla and Daniel, both living in Bismarck, where they each work for
local financial institutions.
Chairman- Elect George Wald
George Wald, president of Great Plains National Bank in Dickinson, was elected chairman-elect of
NDBA. George is a native of LaMoure and earned his bachelor’s degree in agriculture education
from North Dakota State University. George is a graduate of the National Agriculture Bank
Management School, Ames, Iowa, and the Commercial Lending School of Minnesota. George
has worked in the banking industry in western North Dakota since 1978 and has been with Great
Plains National Bank since 1982, where he has been a director since 1984 and president since
1991. George currently serves as a member of the North Dakota Credit Review Board and is a
past chairman of NDBA Services, Inc. He also is a past member of the Committee for Director
Selection of the Ninth Federal Reserve District. George is a member of numerous civic, fraternal
and charitable organizations. He and his wife, Irene, reside in Dickinson and are the parents of
three adult children, Nicole (Chad Christensens), Jenna, Alex and one grandson (Quade).
Treasurer Corey Cleveland
Corey Cleveland, President of Frandsen Bank & Trust in Grand Forks, was elected treasurer of
NDBA. Corey is a native of East Grand Forks, Minnesota, and is a graduate of the University of
North Dakota with a bachelor's degree in business administration. Corey has worked in the banking
industry for over 37 years and was promoted to president of Frandsen Bank & Trust in Grand Forks
in January 2011 after serving as senior vice president since September 1989. Corey has been active
in numerous civic groups and organizations over the years, including service on the YMCA Board of
Trustees, committees for the Boys Scouts, City of Grand Forks' Growth Fund, North Dakota Bankers'
Association Board of Directors and Rotary Club of Grand Fork’s. Currently Corey serves as chairman
of the Board of Directors for the Altru Health Foundation and as a member of the Northlands Rescue
Mission Board of Directors. Corey resides in Grand Forks with his wife, Jackie, and they have three
children, Jessica, Michele and Ben.
21
Thank You to Our Exhibitors!
3D Security, Inc.
A&B Business
Advantage Network, The
Affiliated Mortgage Company
Allied Solutions LLC
AmTrust North America
Baker Group, The
BANCSERVE, Inc/Mountain West Benefits
BancVue
Bank Financial Services Group
Bank of North Dakota
Bankers’ Bank of the West
Banker’s Dashboard
BKD CPA & Advisors
BMA Banking Systems
Burroughs, Inc.
ByteSpeed
CBC Innovis
Central States Health & Life Co of Omaha
Comptroller of the Currency
CTA Architects Engineers
Dakota Security Systems, Inc.
Datrue Process Automation
Dell SecureWorks
Dougherty & Company LLC
Eide Bailly LLP
Elan Financial Services/MoneyPass Network
Element Group, The
EverFi
First Payment Services
Fortner, Bayens, Levkulich & Garrison
Frontline Processing Corporation
Graduate School of Banking at Colorado
Graduate School of Banking at the University of Wisconsin - Madison
Guild Mortage Company
Harland Financial Solutions
HTG Architects
IBIS Insurance Services
Iron Planet
John M. Floyd & Associates
Kansas Bankers Surety Company
Kinetic Leasing, Inc.
Kroll Factual Data
M Benefit Solutions
Merchants Bank
Midwest Housing Equity Group
Money Handling Machines
Moss Adams LLP
NetWork Center, Inc.
NFP Executive Benefits
Northern State University
22
Northland Securities, Inc.
OneBeacon Professional Insurance
Pace Strategic Development, LLC
Pacific Coast Banking School
Paystubz
Premier Data Corporation
PULSE
SDN Communications
Secure Banking Solutions
Small Business Administration
SD Bankers Insurance & Services, Inc.
SD Governor’s Office of Economic
Development
SD Small Business Development Center
SPC
Travelers
United Bankers’ Bank
Vantage Point Solutions
Vantiv
Vining Sparks
WebEquity Solutions
Wellmark Blue Cross Blue Shield
Wild | crg
Wolters Kluwer Financial Services
Works24/BankOnHold
Zions Bank Correspondent Banking
Sponsor list:
Diamond Sponsors
Citibank, N.A.
Eide Bailly LLP
First PREMIER Bank
U.S. Bank/Elan/MoneyPass
Platinum Sponsors
Baker Group, The
Bankers' Bank of the West
Bell State Bank & Trust
Thank You to Our Valuable Sponsors!
DIAMOND SPONSORS
Citibank, N.A.
Eide Bailly LLP
First PREMIER Bank
U.S. Bank/Elan/MoneyPass
Platinum Sponsors
Baker Group, The
Bankers' Bank of the West
Bell State Bank & Trust
Dell SecureWorks
Dougherty & Company LLC
Federal Home Loan Bank of Des
Moines
SDN Communications
Secure Banking Solutions
United Bankers' Bank
Wells Fargo Bank, N.A.
Gold Sponsors
Dakota Security Systems
Deluxe Financial Services
Federal Home Loan Bank of Seattle
First Data
Fortner, Bayens, Levkulich & Garrison
Midcontinent Business Solutions
Pioneer Bank & Trust
PiperJaffray
Silver Sponsors
Ascensus
Advantage Network, The
AmTrust North America
Bank of North Dakota
Blue Cross Blue Shield of North Dakota
Brady Martz & Associates, P.C.
Central States Health & Life Co of
Omaha
Dacotah Bank
eFinancial Solutions, Inc.
Fifth Third Bank
FinPro
First Interstate Bank
HTG Architects
IBIS Insurance Services, Inc.
May, Adam, Gerdes & Thompson
McGladrey
Midwest Bankers Insurance Services
Montana Board of Housing
NFP Executive Benefits
NDBA Services
North Dakota Housing Finance Agency
Oak Ridge Financial
Pacific Coast Bankers' Bank
Paystubz
Rothgerber Johnson & Lyons LLP
SD Bankers Insurance & Services, Inc.
Serkland Law Firm
Sheshunoff & Co
South Dakota Housing Development
Authority
Travelers
23
Upper Midwest ACH Association
(UMACHA)
Vantiv
Widmer Roel PC
WolfPAC Integrated Risk Management
Wyoming Community Development
Authority
Bronze Sponsors
ByteSpeed
John M. Floyd & Associates
SPC
wild | crg
Works 24/BankOnHold
Zoolender.com
Photo Gallery
24
Photo Gallery
25
North Dakota Bankers Association
Education Events
“Extraordinary leadership for North Dakota banks” is the mission of the North Dakota
Bankers Association. Following this mission, NDBA takes great pride in offering topnotch educational opportunities for members. Browse through the education opportunities
and see what best suits you and your bank.
For more information regarding these educational opportunities, please go to
www.ndba.com or contact Dorothy Lick, SVP of Education, of the North Dakota Bankers
Association, at 701.223.5303.
NDBA/Baker Group
Investment Seminar
IRA Seminars
NDBA Group Meetings
July 22, 2013 ~ Ramada Plaza and Suites,
Fargo
September 9-12, 2013 ~ Grand Forks,
Fargo, Bismarck and Minot Who Should Attend:
Who Should Attend:
Community bank CEOs, CFOs, investment
officers, board members and those who are
directly or indirectly responsible for bank financial
management functions. The level of learning at
this seminar is intermediate to advanced.
Ag Credit Conference
September 26-27, 2013 ~ Radisson Hotel,
Bismarck Who Should Attend:
This conference is tailored so both entry-level
lenders and experienced ag loan officers will gain
valuable information.
Bank Management
Conference
February 14-15, 2014 ~ Westin Kierland
Scottsdale, AZ
Who Should Attend:
Presidents, CEOs, senior management staff,
lenders, marketing team members and sales
managers.
Who Should Attend:
Call Report Workshop
Sales
Service
Conference
Ag &
Credit
Conference
Who Should Attend:
Call report preparers, loan accounting staff, call
report reviewers and auditors
NDBA/SDBA Annual
Convention
June 8-10~ Ramada Plaza Suites, Fargo
Who Should Attend:
Presidents, CEOs, senior management staff,
lenders, marketing team members and sales
managers.
26
September 17-18 ~ Radison Hotel,
Bismarck
September 19-20 ~ Ramada Plaza Suites,
Fargo
Anyone needing to learn the basic rules that
govern Roth and Traditional IRAs or just need an
updated, general refresher on IRA rules.
All NDBA Members!
October 1, 2013 ~ Radisson Hotel,
Bismarck January 29-30,
2014
~ Radisson
Hotel,
September
27-28~
Holiday
Inn, Fargo
Bismarck Who Should Attend:
Sales managers, lenders, human resource
professionals, marketing team members, and
anyone who wants to contribute to the bank’s sales
culture.
Please Welcome
NDBA’s New Associate Members
Computer Services, Inc. (CSI)
www.csiweb.com
Contact: Jenna Stephenson, Marketing Director
5918 West Courtyard Drive Ste 200A
Austin TX 78730-5036
E-mail: [email protected]
800-454-4274
Computer Services, Inc. (CSI) is a customer service company that delivers innovative technology solutions to financial
institutions nationwide. A total solutions provider, CSI offers core processing, managed services, mobile and Internet
solutions, payments processing, print and electronic distribution, and regulatory compliance solutions. With nearly
50 years as an industry leader in innovation and service, CSI serves financial institutions as a trusted technology
partner that understands their needs and delivers solutions that empower them to be more competitive, compliant and
profitable. Learn more at www.csiweb.com.
We’re the Key to your Mortgage Puzzle
First Class Mortgage can
unlock the mortgage
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For more information,
call 1.877.375.2016
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27
BANK
Happenings
Bismarck:
American Bank
Center announced
Kari Schaff as
mortgage loan
underwriter.
Schaff has
ten years of
Kari Schaff
experience in
the mortgage
industry, most recently holding the
position of lead mortgage loan closing
specialist.
Bismarck:
American Bank
Center announced
Jamie Kalm as
mortgage market
processor. Kalm
has a bachelor’s
degree in business
Jamie Kalm
management
from Minot State
University and is pursuing her masters
at the University of Mary. She has
been with American since July of 2012
and most recently held the position of
executive assistant and home equity
loan processor.
Bismarck:
American Bank
Center announced
Cody Gangl as a
full-time teller at
the Washington
Center location.
Gangl is a recent
graduate of
Cody Gangl
Mayville State
University with a bachelor’s degree in
business administration.
Bismarck:
American Bank
Center is pleased
to announce Julie
Meinert as a
full-time teller at
the Washington
Center location.
Julie Meinert
Meinert brings
seven years of
supervisory and customer service
experience with her to American.
Bismarck:
American Bank
Center is pleased
to announce
Larissa Fellman
as home equity
loan processor.
Fellman has
a bachelors
Larissa Fellman
degree in
managerial finance & accounting
from the University of North Dakota.
She brings three years of banking
experience with her to American.
Bismarck:
American
Bancor, Ltd.
announced Kelly
Schulz as parttime desktop
support. Schulz
is in the internal
operations
Kelly Schulz
department
with American Bank Center and is
currently attending Bismarck State
College working towards a degree for
a computer support specialist. He will
assume his new position along with
retaining his current position parttime.
28
Bismarck:
American Bank
Center announced
JP Feland as
compliance review
officer. Feland
is a graduate of
the University of
JP Feland
North Dakota
with a bachelor’s
degree in business administration
along with majors in banking and
financial economics. He comes
to American with 2½ years of
compliance experience.
Bismarck:
American
Insurance Center
announced Sarah
Anderson as an
account manager.
Anderson comes
to American
Insurance with
Sarah Anderson
over 8 years of
insurance experience.
Bismarck:
Curt Skaley
has been named
a business
relationship
manager for Wells
Fargo. Skaley
joined Wells
Fargo in 2010
Curt Skaley
as a personal
banker in Sturgis, SD and became
the store manager later that year. In
April 2012 he transferred to Bismarck
as a business banking trainee. Skaley
holds a bachelor’s degree in business
administration from Black Hills State
University in Spearfish, SD.
Bismarck:
(Middleton,
Wis.) Starion
Financial pledged
a $100,000 gift
to the Middleton
Outreach
Ministry’s (MOM)
Bill McDonough
Building Hope
Strengthening
Communities capital campaign. This
was an unsolicited contribution from
Starion Financial and the first toward
the campaign.
The $1.8 million capital campaign will
help fund the purchase and simple
renovations of the office and food
pantry where the agency moved to
in March 2013. MOM’s new home
gives clients access to all of the
organization’s essential services and
enables MOM to better help those in
need.
“Starion chose to support MOM
because of its mission to prevent
homelessness and end hunger, and
the positive impact it has had on
the Middleton community,” said
Bill McDonough, Madison market
president. “Our hope is that the
financial support will allow MOM to
reach more people in need, and in turn
may encourage others to join Starion
in supporting the Building Hope
Strengthening Communities capital
campaign.”
Bismarck: U.S. Bank announced
the following:
1st Quarter Top Performers
Peggy Kauk
Rhonda Johnson
Top Teller Coordinator
Top Personal Banker
Ronnie Beal
Top Universal Banker
Star of Excellence
Sharon Clausnitzer
Bismarck
Desiree Hilborn
Bismarck
Kristen Theobald
Minot
Ronnie Beal
Williston
Pinnacle Winner
Deb Schmidt
Bismarck
29
Rhonda Johnson
Minot
Kala Ursino
Williston
Kelly Peightal
Bismarck
Bismarck:
Gate City
Bank has hired
Jeremy Misek
as a financial
planner. He is
located at the
Bank’s Downtown
Jeremy Misel
Bismarck office
and will serve
customers in Bismarck, Mandan, and
the surrounding communities.
Misek graduated from the University
of Mary with a bachelor of science
degree in banking and financial
services. He has two years of
experience in the financial industry.
Bismarck:
Bremer Bank
announced the
hire of Justin
Weninger as a
business banker.
Weninger, a native
of Bismarck, has
more than five
Justin Weninger
years of financial
services experience and will work
with business clients on all of their
credit and financing needs. Weninger
has previous experience as a credit
analyst. He graduated from Bismarck
State College and also received a
bachelor’s degree from the UND in
financial management.
Bowman:
Dakota Western
Bank announced
that Breanne
Beylund has
been hired as
an executive
secretary and
loan secretary.
Breanne Beylund
Beylund earned
a bachelor of science degree from
Dickinson State University. She has
previous experience as a bookkeeper.
Dickinson:
American Bank
Center announced
Melissa Moos as
a part-time teller
at the Dickinson
downtown
location. Moos
Melissa Moos
is pursuing a
business degree at
Dickinson State University.
Dickinson:
American Bank
Center announced
Marlena
Staudinger as
an electronic
banking CSR at
the downtown
Dickinson
Marlena Staudinger
location.
Staudinger previously worked for
American from 2005 to 2012. She
is a graduate of Dickinson State
University.
Fargo: Laura
Zito has joined
Cornerstone
Bank as an
assistant mortgage
loan processor.
She brings
over 5 years of
customer service
experience.
Laura Zito
Fargo: Liza
Swedberg of
Cornerstone
Bank has been
promoted to
customer service
representative/
teller. Swedberg
Liza Swedberg
has been a teller
with Cornerstone
Bank since September 01, 2011.
Fargo: Cornerstone Bank has
made the following promotions within
their Fargo Mortgage Department:
Dickinson:
American
Insurance Center
announced Dylan
Fridrich as a
part-time account
tech. Fridrich is a
graduate of Trinity
High School
Dylan Fridrich
and is currently
working towards a degree in business
administration and banking/finance
from Dickinson State University.
Tom Boyer
Nan Fort
Peter Johnson
Dave Ouradnik
Dickinson:
American
Insurance Center
announced
Trisha Freidt
as an account
manager. Freidt
is a graduate of
Dickinson State
University.
30
Trisha Freidt
Tom Boyer has been promoted
to senior vice president mortgage
banking. Boyer joined the bank in
November 2006 as VP mortgage
banking. He has been in banking
since 1985.
Nan Fort has been promoted to
assistant vice president senior
underwriter. She has been in
mortgage banking for 20 years. She
joined Cornerstone Bank in June 2007
as an underwriter.
Peter Johnson has been promoted
to assistant vice president mortgage
loan officer. He joined the bank in
November 2006 as a mortgage loan
officer. He has been in the banking
field since 1997.
Dave Ouradnik was promoted to vice
president mortgage loan officer. He
joined Cornerstone Bank in March
2012. He was in banking for 16
years prior to owning his mortgage
brokerage business for 18 years.
Fargo: Paul
A. DeBoer has
joined Bell State
Bank & Trust
as vice president/
private banking
officer. DeBoer
will specialize
in managing
Paul DeBoer
the banking
relationships of professional,
executive, and high net worth
clients by providing consumer and
commercial products and services.
A native of Fargo, DeBoer graduated
from the University of North Dakota.
He has been in the banking industry
for 19 years.
Fargo: Jon
Eisert has joined
Bell State Bank
& Trust as a
credit officer.
In his new
position, Eisert
will underwrite
Jon Eisert
commercial
banking loans
and will also function as a lending
resource to personal banking officers,
branch managers, and commercial
and real estate lenders. Originally
from Fargo, Eisert received his
undergraduate degree from Concordia
College in Moorhead, MN, and
his master’s degree in business
administration from Concordia
University in Saint Paul, MN.
Eisert has over 5 years of banking
experience.
Fargo: BlackRidgeBANK
announced the following promotion
and hires:
BlackRidgeBANK
announced that
Darren Klabo
has been promoted
to the position of
market president.
Klabo joined
BlackRidgeBANK
when it was
Darren Klabo
founded in 2007.
A North Dakota native, he earned
his business and finance degree from
Mayville State University and has
more than 13 years of commercial
banking experience an is a graduate of
the Dakota School of Banking. Klabo
will work out of the new West Fargo
location.
BlackRidgeBANK
Fargo: Mavis
Larson has been
named a personal
banking officer
at Bell State
Bank & Trust’s
newest location
on Veterans
Mavis Larson
Boulevard,
located at 5680
23rd Avenue South in Fargo. The
location opened on Monday, June 3,
and a grand opening celebration week
will be held later in June.
Larson has 45 years of banking
experience. Larson joined Bell State
Bank & Trust in 1999.
31
announced
the addition of
Brent Herman
as a credit
analyst. Herman
graduated from
Ohio University
with majors in
Brent Herman
accounting and
finance and has ten years of banking
experience. He will be located in
the new West Fargo location of
BlackRidgeBANK.
Dana Rinke
recently joined
BlackRidgeBANK
as a commercial
banking assistant/
credit analyst.
Rinke is a Fargo
native and 2009
graduate of
Dana Rinke
the University
of North Dakota with a degree in
business administration. He will
provide support to the commercial
lending staff and will be working at
both Fargo and West Fargo banking
locations.
Nicole Pritchard
has joined
BlackRidgeBANK
as a customer
service
representative
as well as a
lead resource
Nicole Pritchard
for the teller
staff. Pritchard graduated from
Concordia College and brings previous
customer service experience to
BlackRidgeBANK.
BlackRidgeBANK
announced
the hiring of
Savannah
Heiser as a
customer service
representative/
teller at the bank's Savannah Heiser
new location in
West Fargo. Heiser graduated from
the University of North Dakota with a
marketing degree and brings previous
customer service experience with her
to BlackRidgeBANK.
Julianna Baartman has recently
joined the BlackRidgeBANK team
as a part-time teller. Baartman
is currently a human resources
management student at North Dakota
State University and has previous
banking experience as a customer
service representative.
BlackRidgeBANK announced that
Sam Schmid has joined the staff as
a part-time teller in the new West
Fargo location. Sam is currently
an accounting major at Concordia
College.
Fargo: Gate City Bank’s newest
office, located inside the Hornbacher’s
store at 4101 13th Avenue South
in Fargo, opened Monday, June 3.
The office is Gate City Bank’s 33rd
office. It is the Bank’s 11th office
in the Fargo-Moorhead-West Fargo
community and the Bank’s third office
inside a Hornbacher’s store.
Barb Bertschi,
a 17-year veteran
employee and
senior vice
president,
manages the
office. “Gate City
Bank is excited to
Barb Bertschi
open this office
and provide even
more convenience for our customers in
Fargo-Moorhead-West Fargo and the
surrounding area,” said Bertschi. “We
have a 90-year history of providing
great customer service, and we look
forward to serving banking needs in
this new location.”
Janet Mindt,
with eight years of
experience at Gate
City Bank, is the
personal banking
supervisor for
the office. She
will supervise
the customer
Janet Mindt
service and teller
area of the office, and will originate
personal loans. On staff to provide
customer service, complete customer
transactions, and open new deposit
accounts are Carly Kalina, Katelyn
Erickson, Danton Hein, Erin Haugen,
and Preston Nichols.
32
Fargo: The
Office of the
Comptroller of the
Currency (OCC)
has appointed
Gate City Bank
Chairman,
President, and
Steve Swiontek
CEO Steve
Swiontek as
a member of the Mutual Savings
Associations Advisory Committee
(MSAAC). The MSAAC will
provide advice to the Comptroller of
the Currency about mutual savings
associations and will assess the
current condition of mutual savings
associations, regulatory changes that
may ensure the health and viability of
mutual savings associations, and other
issues affecting these institutions.
A graduate of North Dakota State
University with a degree in Business
Economics, Swiontek joined Gate
City Bank in 1978 and is the Bank’s
Chairman, President, and Chief
Executive Officer. Swiontek lives in
Fargo with his wife, Mary Anne, and
has two grown daughters, Julie and
Laura. In addition to his leadership
at Gate City Bank, he also serves on
Boards of Directors for several local
and national organizations.
Fargo: Kevin
Larson recently
joined Choice
Financial as a
vice presidentconsumer banking
at the bank’s
solutions center in
Kevin Larson
Fargo.
Larson has more
than 35 years of banking experience
with areas of expertise in consumer
lending management, financial
operations, regulatory compliance,
risk management, indirect dealer
marketing, and collections.
Larson most recently worked as an
independent consultant providing
counsel on automation and
centralization products to assist with
efficiencies in lending operations.
Prior to that he worked for a local
bank as senior vice president/loan
production manager.
Fargo: Seth
Farkas and
Marilee Behling
recently joined
Choice Financial
as frontline
customer service
representatives
at the bank’s
Seth Farkas
location at 4501
23rd Avenue
South in Fargo.
Kelcie Priebe
joined as a virtual
banker at the
bank’s operations
center in Fargo.
Farkas has retail
Marilee Behling
management
experience
and holds his
bachelor’s degree
in business
administration
from Minnesota
State University
Moorhead,
Moorhead, Minn.
Kelcie Priebe
Behling brings
more than six years of previous
banking experience in frontline
banking.
Priebe has previous banking
experience, most recently as a service
advisor. Priebe is currently attending
Rasmussen College, Fargo, to obtain a
business management degree.
Fargo: Brian
Ruliffson recently
joined Western
State Bank as
the real estate
lending manager.
Ruliffson has
over 10 years of
Brian Ruliffson
experience in
underwriting.
Prior to joining Western, he served
as an underwriter/real estate loan
manager for a financial institution in
Sacramento, CA.
Fargo: Chris
Grettum has
been named
personal banker
at American
Federal. He is
based out of the
Fargo South sales
office. Grettum
Chris Grettum
has eight years
of experience in the consumer finance
industry and four years’ experience
in branch management. He was the
assistant vice president at a financial
institution in Grand Forks, where he
earned the 2012 Leadership Award
for the mid-west region and won the
Chairman’s Forum for 2009-2012,
recognition based on profit awarded
to the top 10 percent of the company.
Grettum also has past experience as a
customer service representative. He is
a graduate of UND, where he earned a
bachelor of arts degree in marketing.
Finley: Brad
DeWald has
recently joined
the staff of the
Citizens State
Bank of Finley as
an ag loan officer.
He received
his bachelor
Brad DeWald
of architecture
from North Dakota State University.
DeWald has over 8 years of experience
in finance as a financial advisor.
33
Grafton: Choice Financial’s
Junior Bank Board (JBB) members
learn a lot about money at their
monthly meetings, but what really
makes a difference is what they do
with it. The funds JBB members
earned by attending their meetings
were recently donated to a variety
of individuals, charities, and
organizations in need throughout
each of the eight communities they
represent. Through their donations,
which totaled $10,900, the JBB
members made a positive impact in
their communities.
Choice Financial offers the JBB
program to students who are seeking
the opportunity to learn about
businesses and the role they play
within the economy and community.
The JBB program facilitates bonds
between students and community
members, as well as with their peers.
By participating in the JBB, students
learn and develop the attributes that
future employers are looking for in
prospective employees including
responsibility, leadership, financial
knowledge, ability to work well in
groups and a positive attitude.
Grand Forks:
Michael Herman
and Paige
Biederstedt
recently joined
Choice Financial
as frontline
customer service
Michael Herman
representatives
at the bank’s
1697 42nd Avenue
South location
in Grand Forks.
Herman brings
experience in
retail and sales
and attended the
University of
Paige Biederstedt
North Dakota
for business
administration. Biederstedt brings
a variety of retail experience and
attended Dickinson State University
and the University of North Dakota.
Langdon:
Amber Sperling
was recently
promoted to
loan assistant for
Choice Financial.
Sperling joined
Choice two years
ago as a frontline
Amber Sperling
customer service
representative. Sperling graduated
from Concordia College, Moorhead,
MN with a bachelor of arts degree in
business management. Sperling is
active in bank and community events
and serves on Choice Financial’s Relay
for Life committee.
Mandan:
Lindsey Matter,
mortgage banker
at Starion
Financial, has
made Mortgage
Executive’s Top
1% of Mortgage
Lindsey Matter
Originators list.
Matter is located
at the bank’s Mandan location. Each
year, Mortgage Executive Magazine
compiles the most comprehensive
list of The Nation’s Top 1% of
Mortgage Originators, seeking to
recognize and celebrate the service,
dedication and hard work that leading
mortgage professionals put into
serving their clients. To be eligible for
consideration, originators must have
had at least $30 million in loan volume
in the 2012 calendar year. Matter
produced more than $43 million and
closed 206 loans in 2012.
Stanley:
American Bank
Center announced
Michaela Kuster
as a part-time
teller. Michaela
currently attends
Bismarck State
College.
Wahpeton:
Michaela Kuster
Danica Olson has
been promoted
to personal
banking officer
at Bell State
Bank & Trust.
Olson earned a
bachelor’s degree
Danica Olson
in business
administration from North Dakota
State University. She joined Bell State
Bank & Trust in November 2012 and
previously served as customer service
representative in Breckenridge.
34
Associate
Happenings
North Dakota
Guaranty &
Title Company
announced that
Jessica Holcolm
has been promoted
to manager of the
Bismarck Closing
Jessica Holcolm
Office. Tim
Pearson, president
of North Dakota Guaranty & Title
Company appointed Mrs. Holcolm to
the position effective May 1, 2013.
“Jessica’s extensive background in
both title and closing made her a
perfect selection for this position,”
said Pearson. “Working for a company
that is forward thinking, customer
oriented, and growing regionally has
been a blessing,” said Holcolm. “I
look forward to helping the Bismarck
Office service the needs of the
customers of North Dakota Guaranty
and Title Company as we continue to
grow.”
Widmer Roel PC:
Faith Halverson
has joined the
tax department
of Widmer Roel
PC, a public
accounting
and business
advisory firm with
offices in Fargo,
Faith Halverson
Bismarck and
Hazen, North Dakota. Halverson, as
a tax associate, will provide tax and
accounting services.
focus2013
Investment Strategies
and Interest Rate Risk Seminar
North Dakota Bankers Association’s upcoming Investment Strategies and
Interest Rate Risk Seminar will address specific bond portfolio strategies
to improve margin and mitigate unnecessary IRR. Experts from The Baker
Group will discuss security selection processes and liquidity management,
present tools for assessing credit risk in municipal bonds, and explore
stress tests for the entire balance sheet using The Baker Group’s Interest
Rate Risk software.
Location
July 22, 2013
Fargo, North Dakota
Ramada Plaza and Suites
1635 42nd Street St.
Fargo, ND 58103
701.277.9000
Speakers
The Baker Group:
Ryan W. Hayhurst
Lester F. Murray
Because points of focus will change regularly as conditions evolve, this
seminar is designed to help financial institutions develop processes and
strategies for optimal performance in any environment. The Baker Group
does this by using robust tools and resources for investment and interest
rate risk management. In facing the challenge of an uncertain environment,
this information can help you sharpen your focus.
An In-Depth Program
Financial institution managers will come away with sound ideas for using
the bond portfolio as an effective tool in managing liquidity, cash flows, and
interest rate risk. Attendees will also gain insight into the remarkable changes
the banking industry is experiencing in the current market environment.
Seminar topics include:
n Current Economic Conditions and Fed Policy Outlook
n Developing an Effective ALCO Process to Manage Interest Rate Risk and Liquidity
n How to Build an Investment Portfolio Without Being Sold One
n Characteristics of High Performance Portfolios
n Developing a Municipal Credit Analysis Process to Comply with Dodd-Frank
Who Should Attend
Financial institutions’ CEOs,
CFOs, investment officers, board
members, and those who are
directly or indirectly responsible
for financial management
functions will benefit from this
seminar.
North Dakota Bankers Association
PO Box 1438
Bismarck, ND 58502-1438
(701) 223-5303 p
Email: [email protected]
n Top Strategies to Prepare for the Next Rate Cycle
n Managing Cash Flows and Options Risk in the Investment Portfolio
n How to Effectively Reduce Extension Risk in the Bond Portfolio
n Minimizing MBS Prepayment Risk with the Right Loan Attributes
CPE credits will be earned for your attendance.
Registration
For more information, call NDBA at
701-223-5303 or email ndba@ndba.
com. Register online at www.ndba.com.
35
Diebold’s deposit automation. The more you put into
your ATMs, the more your customers put into them.
Upcoming Web
Seminars...
July 9 & 11
The Top 10 Mistakes
July 10 & 17 Rev Up Results at the Branch Webinar
July 12
Creative Real Estate Workout
Strategies
July 15
Security Officer Workshop
July 16 & 30 Safe Deposit Webinar Series
July 18
Electronic Board Packages
July 23
CRA Review & Update
With Diebold’s deposit automation, Laconia Savings
Bank dramatically increased deposits, customer
satisfaction and processing efficiency. In fact, throughout
implementation, deposits increased well over 100%.
July 24
Regulation E & the New Remittance Transfer Rule - Are You in
Compliance?
For the entire story,
visit www.diebold.com/boldinnovation.
1.800.806.6827 www.diebold.com [email protected]
die8780-08_DA Implem_NDBA_QtrBW_v02AR_20130614.indd 1
6/14/13 11:32 AM
Think!
WEBSITE DESIGN.
For the financial institution who wants to jump ahead of the
competition. When relationships are so important - driven by
the customers ability to communicate -the influence of an
effective website should not be underestimated.
Visit theWEBcentric.com for more details.
theWEBcentric
800.338.3096 | theWEBcentric.com
SPC theWEBcentric 4005 Pheasant Ridge Dr. Blaine, MN 55449
36
Dakota School of Banking
DBS Assistant Director Announced
Trisa Keys, operations specialist at First State Bank of North Dakota in Casselton, has been
named assistant director for the Dakota School of Banking.
“I believe in the importance of education and see the Dakota School of Banking as a significant
step in a banker’s career,” said Keys. “I look forward to providing direction to the school to
maximize the experience for future students.”
A native of West Fargo, Keys graduated from University of Mary with a degree in business
management with a human resources emphasis. She has worked for First State Bank since 1999
and is a 2008 graduate of the Dakota School of Banking. She has one daughter, Andrea, who is a
junior at Dickinson State University.
Make your bank’s opportunity
a “done deal” ... fast!
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 long-term permanent financing
Call us for a quick response, competitive
rates and flexible underwriting.
Contact Roger Monson at 701.789.1290
or [email protected]
3941
3100 13th Ave. S. | Fargo, ND
Member FDIC
37
Commercial Loan
Officer
Retail Banking
Manager
BlackRidgeBANK is a locally owned, independent full
service bank seeking a Commercial Loan Officer in Fargo,
ND. This position is responsible for servicing an existing
loan portfolio and developing new business opportunities.
This individual will actively cross-sell bank products and
services and be willing to represent the bank in community
activities and organizations.
This position requires a four-year college degree and
3-5 years of lending experience in a community bank
environment. This is a full-time position with an attractive
compensation package and competitive benefits, including
health, dental, vision, life, disability, PTO and 401(k).
For consideration, please provide cover letter and resume to:
Darren Klabo
701-364-9052 Direct 701-551-1355 Fax
[email protected]
BlackRidgeBANK
Kirkwood Bank & Trust is a locally owned,
independent full service bank seeking a Retail
Banking Manager in Bismarck, ND. This leadership
position is responsible for the overall management and
supervision of the bank’s retail department. Duties
include developing and implementing retail products
and programs; providing guidance and support to the
operations area; and ensuring appropriate staffing and
training levels. The position requires a minimum five
to seven years of retail banking experience. Kirkwood
Bank & Trust offers a competitive compensation and
benefit package.
To apply, complete the application form found on our
website:
www.kirkwoodbank.com
Send application and resume to:
Kirkwood Bank & Trust
855 26th Avenue East - West Fargo, ND 58078
Attn: Human Resources
P.O. Box 6089
Bismarck, ND 58506
BlackRidgeBANK is an equal opportunity employer
EOO/Affirmative Action Employer, Member FDIC
Loan
Officer
Commerical Loan
Officer
The Commercial Bank of Mott is accepting applications for a
full-time Loan Officer. This is a great opportunity to join a
long standing Banking Team focused on successful growth.
If you have 5+ years of lending experience, focused on Ag
or commercial lending, with the proven ability to build an
existing loan portfolio, and want to make a difference, than this
is an ideal opportunity. This opening provides an excellent
opportunity for growth and upper management placement
for an individual looking to make a long-term commitment.
Excellent benefit package included. For additional information,
please contact us at 701-824-2593 or emailing charlotte.
[email protected].
Kirkwood Bank & Trust is a locally owned, independent
full service bank seeking a Commercial Loan Officer
in Bismarck, ND. This position is responsible for
developing and maintaining relationships with businessbased customers. The officer will solicit and originate
quality loans, deposits, and special products and services
with customers. Position requires a bachelor’s degree in
management, finance, business administration or related
field. Minimum five to seven years of experience required.
Kirkwood Bank & Trust offers a competitive compensation
and benefit package.
To apply, complete the application form found on our
website:
www.kirkwoodbank.com
Please submit your resume to the
Commercial Bank of Mott,
Send application and resume to:
Attn: Charlotte Aldinger,
PO Box 40
Mott ND 58646.
Kirkwood Bank & Trust
Attn: Human Resources
P.O. Box 6089
Bismarck, ND 58506
Deadline for applications is July 31st, 2013.
EOO/Affirmative Action Employer, Member FDIC
38
Commercial Loan
Specialist
2013
ADVERTISING
OPPORTUNITY
The Commercial Loan Specialist will provide a high level of
support for the Dakota Certified Development Corporation
(Dakota CDC) lending staff and lending operations of the
Corporation in our Fargo office. Responsibilities include, but
are not limited to, retrieving and analyzing financial information
provided by lenders and/or applicants to support the lending
process and assisting in the preparation of loan packages and
credit memorandums and in the assembly and preparation for
submission to the Dakota CDC Loan Committee and the SBA
Loan Processing Center. This may include resolving ambiguities
and/or deficiencies in the application and/or credit documents.
The incumbent must be able to assist in the preparation of credit
memorandums and in the assembly and preparation of loan
packages for submission to the SBA Loan Processing Center.
This may include resolving ambiguities and/or deficiencies in the
credit and/or collateral documents.
BULLeTiN
A publicati
on for mem
Volume 12
• Issue 8
bers of the
North Dako
ta Bankers
Association.
Creating
Connections
May 24, 2012
• Provide support to the Dakota CDC lending staff such as assembling loan application documents to ensure applications are complete, retrieving required documents, preparing loan documents, creating and/or preparing correspondence.
• Assists in the loan application process by assembling and preparing loan information as well as assisting with the underwriting of credit requests to support the lending function.
• Work with the processing staff to insure timely and accurate response from appropriate agencies such as SBA Sacramento, SBA Fresno, and the Services Corporation.
• Input loan and financial information into the Loan Management System (LMS).
• Assist loan officers with information, documents, and reports to the Loan Review Committee (LRC).
• Assembles files and maintains documents in loan files, including approved and declined loans, to ensure files are accurate, complete and current.
• Transmits loan information, documents, and applications to the SBA Loan Processing Center.
• Inputs loan information into the Loan Management System (LMS).
NDBA • PO
Box 1438, Bisma
rck ND 58502
-1438 • Ph:
701.223.53
03 • Fax: 701.2
58.0218 • Emai
l: ndba@ndba.
com • www.
ndba.com
NDBA
Endorsed
If you want to target top decisionmakers within North Dakota’s
financial services industry, the
NDBA Bulletin is the best delivery
channel to help you accomplish
your goals. The NDBA Bulletin is
dedicated to serving the needs of
North Dakota bankers. Through
the NDBA Bulletin, the association
strives to educate, inform and
enlighten readers with regard to a
variety of activities as well as state
and federal issues concerning
banking in North Dakota.
The person in this job should have at least a bachelor’s degree in
business, finance, accounting or related field and 4 to 6 years of
relative experience. Experience in commercial lending and SBA
lending a plus.
Please contact Marketing and
Communications Director,
Julie Dolbec at 701.223.5303 or
[email protected] if you
are interested in an affordable
avenue to connect with industry
leaders.
Send cover letter and resume to:
Dakota CDC
Steve M. Dusek
4133 30th Ave S • Fargo ND 58104
701.293.8892
www.dakotacdc.com
39
NDBA
Endorsed
Customized Insurance Services
for Community Banks
• Financial Institution Bond
• Directors & Officers Liability
• Cyber Liability
• Excess Deposit Bond
• Commercial Package and Umbrella
• Lender Placed Insurance
• Debit and Credit Card Fraud
Consult us about protecting your bank
Jeffrey R. Otteson
Sales Director
[email protected]
608-217-5219
Keith Peters
Regional Sales Manager
[email protected]
952-261-8978
Proudly endorsed by NDBA
40