Executives of First Internet Bank, Indianapolis, told investors in late January that the bank posted record earnings in 2018, particularly in commercial and consumer loans and its specialty lending areas, including single tenant lease financing, public finance, healthcare finance, and horse trailer and recreational vehicle lending. [Continue]
Iowa First Bancshares Corp., Muscatine, reported mixed results for 2018. The holding company’s net income of $2,311,000 for the year was $87,000 less than in 2017. [Continue]
Every classic Western movie has a good, old-fashioned showdown. While this is a proven formula for cinema, the last thing we look forward to in global economics is a showdown. Economic showdowns can negatively impact growth, stock prices and inflation. Today, a number of economic issues could lead to a showdown. [Continue]
Mark Guetzko’s career path will be familiar to many community bankers. He grew up in a construction family in Manchester, Iowa, and started his post-college life by leaving the area and experiencing the wider world as a young engineer, first in Colorado and then in southern California. A combination of family circumstances led Guetzko back to the Midwest [Continue]
Audrey Johnson, longtime outside director at New Market Bank in Elko New Market, Minn., knows a thing or two about banking, and it’s knowledge borne of her time sitting across the desk from her banker. Though she didn’t have an official title at the real estate management company headed by her husband, Johnson was always actively involved in the finances of the family business. [Continue]
If you have purchased or sold a bank, you may have come into contact with Don Johnson, a partner at the Eide Bailly accounting and consulting firm. From his Minneapolis office, Johnson has helped many bankers across the Upper Midwest consider some of the most significant decisions a banker makes in his or her career: should we buy a bank, sell a branch, relocate a charter, create a holding company, merge with another financial institution? [Continue]
Some large banks are offering potential customers $300 or more to open an account with them. These types of incentives disadvantage smaller players, said FDIC Chair Jelena McWilliams, who spoke in February at a conference hosted by the Wisconsin Bankers Association. [Continue]
When asked to distill the farm crisis down to a single image, attorney Howard Hagen steps back inside the Davis County courthouse in Bloomfield, Iowa, circa September 1983. “There were about 100 people and at least 15 to 20 highway patrolmen there,” recounted Hagen, who was Assistant Attorney General and General Counsel for the Iowa Division of Banking at that time. [Continue]