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The Missouri Banker Volume 67, Number 8 • THE NEWSPAPER OF THE MISSOURI BANKERS ASSOCIATION • Thursday, May 26, 2011

St. Louis Fed President speaks at Farmington St. Louis Federal Reserve President and CEO James Bullard, made news in Farmington, on May 23 when he presented the Zelda Martin Cozean Lecture at the request of Mineral Area College Foundation. The event was covered by representatives of the national financial media including Bloomberg, Dow Jones and Reuters datelined Farmington, Missouri. (Google “James Bullard” and “Farmington, Missouri” and see the many articles generated by his speech.) Before the lecture, Dr. Bullard attended a dinner meeting with directors and guests of the area’s community banks hosted by Mineral Area College. Directors from MRV Bank, New Era Bank, First State Community Bank, Belgrade State Bank, Bank Star of the LeadBelt, and Ozarks Federal Savings and Loan received an informal briefing on the obstacles to the nation’s economy. Dr. Bullard also entertained questions in a give and take from the directors. Dr. Bullard acknowledged that community banks were unfairly painted with the same brush as investment bankers and he praised community banks for the role they play.

Farmington bank leaders who met with St. Louis Federal Reserve Bank President and CEO James Bullard on May 23 are, from left, Richard Hanneken, president and CEO of MRV Bank; Stephen R. Green, chairman and CEO of New Era Bank; Jonathan E. Turner, president and CEO of Belgrade State Bank; Dr. Bullard; Joseph C. Stewart III, CEO of Bank Star; Greg Allen, chairman and CEO of First State Community Bank; Dennis McIntosh, president and CEO of Ozarks Federal Savings and Loan.

MBA encourages fundraising for Joplin disaster relief “The images we have seen this week from the Joplin tornado bring back memories of Hurricane Katrina and the Flood of ’93. Just as Missouri banks rose to the occasion during those times and generously provided funds to help the victims, I know once again you will respond to the need for help,” said MBA President and CEO Max Cook. MBA will be making a $5,000 donation to the American Red Cross for the relief effort. Banks that want to help the recovery in Joplin can donate to the American Red Cross. To assist you in making your donations and to help us keep track of the generosity of our members, please send your check(s) to the MBA and we will promptly deliver them to the Red Cross. Checks should be made payable to: American Red Cross Disaster Relief Fund

Visit our web site at

You may note “Joplin Tornado Relief” in the memo line. Mail your checks to: Attn: Peggy Mantle Missouri Bankers Association PO Box 57 Jefferson City MO 65102 We realize many of you may have already made donations in another manner or to another organization. If so, please let us know so we can include the amount in the total contributions made by the Missouri banking industry. You can let us know by calling Peggy Mantle at the MBA at 573-636-8151 or emailing her at “Thank you for once again being the leaders in your community to help those in need,” Cook said.

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The Missouri Banker May 26, 2011

Chairman’s Corner

Lessons learned as MBA Chairman

John Klebba Chairman Missouri Bankers Association It’s hard for me to believe that this is my 18th and last Chairman’s column. My year as Chair has gone by quickly, at least in part because it has been such an eventful 12 The Missouri Banker 573-636-8151 Max Cook Publisher William O. Ratliff Managing Editor Sue Norfleet Editor

The Missouri Banker (USPS Number 000044, ISSN Number 0893-5637) is published 18 times a year (1 issue in January, March, June, July, November and December; 2 issues in February, April, May, August, September and October) by the Missouri Bankers Association, 207 E. Capitol Ave., Jefferson City, MO 65101. Second-class postage is paid at Jefferson City, Mo. Copyright© 1998 by the Missouri Bankers Association. All rights reserved. POSTMASTER: Send address changes to The Missouri Banker, P.O. Box 57, Jefferson City, MO 65102. Opinions expressed in any signed article in The Missouri Banker are those of the author and should not be construed as the viewpoint of the editors or of the Missouri Bankers Association. Neither should information provided in The Missouri Banker be construed as legal advice. The Missouri Banker does not provide legal advice, nor does it take the place of legal counsel hired by financial institutions. While this publication makes a reasonable effort to establish the integrity of advertisers, it does not endorse advertised products or services, unless otherwise so stated. This issue may contain legislative advertising. Advertising copy is generally segregated from news and other information.

Address changes Changes in addresses for The Missouri Banker can be mailed to the MBA at P.O. Box 57, Jefferson City, MO 65102, Attn: Database Manager or e-mailed to

months. My Chairmanship has been a wonderful experience for me, and in the spirit of all the final exams that most students are taking at this time of year, I thought I would spend my last column expounding upon some of what I have learned in my year as Chair. First of all, my experiences at many levels of the MBA confirmed for me what a great staff we have at the association. Those of you who have served on various MBA boards and committees already know this. From top to bottom, the MBA employs people who understand the banking industry and who are dedicated to its mission of serving Missouri banks and thrifts. Our President, Max Cook, is highly regarded among his peers and I believe is one of the top executives of state banking trade organizations in the country. We are fortunate to have him and are well served by his experience and expertise. Second, my appreciation of the value of MBA membership to Missouri banks was only strengthened over the course of the year.

This past week alone I spoke at the MBA’s Operations Compliance Workshop, where roughly 170 bankers were able to learn about both the basics and the recent changes to a host of state and federal operational issues. At a time when the industry is being subjected to an unprecedented number of new and revised laws, regulations and guidelines, I frankly don’t know how a Missouri bank or thrift survives without the education, training and products provided by the MBA. Add to that the benefits of the association’s state lobbying efforts, and it becomes clear that from a cost-benefit analysis, MBA membership is a great value. Next, I learned last summer how important it is that we maintain solidarity in the industry. I have previously written about how much our entire industry suffered at the federal level when ICBA broke away from the ABA and other industry groups to play their own lobbying game as the DoddFrank bill was being debated. We are very fortunate that MBA and MIBA have

maintained a very good working relationship, and our success at the state capital is reflective of that. It will serve all of us to continue that relationship in the future. On a related matter, I learned how consequential elections can be. Again, I have previously written how the banking industry has suffered in the past several years from a “political risk” that we had perhaps not taken seriously enough. We as an industry, and all of us as individuals, need to increase our vigilance over the political process lest our community bank brethren become legislated and regulated out of existence. This has been especially true over the past several years at the federal level, in direct contrast to our recurring legislative successes in Jefferson City. May we strive to replicate among our Congressional delegation the same appreciation of the importance of a healthy banking industry as that held by our state legislators. I also learned how well Legends Bank can run without me, although I’m

not sure that is a good thing in terms of my job security. In any event, I am certainly grateful to my entire staff at the bank for all the extra work they have done as I was away on MBA business. I have a feeling I may need to repay that kindness as they take their turns in helping the association in fulfilling its mission. By the way, I should mention that I also learned how great it is to attend the MBA’s Winter Senior Bank Management Conference - especially when it takes place in Aruba – in January. Finally, I realized how much of a privilege it is to serve in a leadership position with the MBA. I have had the opportunity to travel the state, meeting with and learning from Missouri bankers from institutions large and small. Lisa and I have developed friendships we hope to maintain for the rest of our lives. Thank you for allowing me to serve as your Chair this past year. I hope to see many of you in Branson in just a couple of days as we celebrate the MBA’s 121st annual convention.

AIB honor students, certificate recipients named MBA announced that six AIB students completed the spring semester with honors. They are: Ben Bell, Regional Missouri Bank, Marceline; Derek Eilers, Jefferson Bank of Missouri, Jefferson City; Kayla Ray and Kaitlin Woodward, both of Farmers Bank of Northern Missouri, Unionville; Laini Talley, Jonesburg State Bank, Jonesburg; and Daniel Toosley, Central Bank, Jefferson City. Twelve bankers received their AIB certificates at the end of the spring semester. Ten of the recipients are bankers from West Plains Bank and Trust Co., West Plains, completed requirements for certificates. The students and the certificates they earned are: Cathy Barnes, Team Leader Certificate; Betty Bell, Bank Teller Certificate; Shannon Bradshaw, Bank Teller, Call Center Representative and Customer Service certificates;

Tammy Cathey, Team Leader Certificate; Michele Foster, Customer Service Certificate. Lindsey Holden, Bank Teller and Customer Service certificates; Rebecca Ingram, Call Center Representative Certificate; Stephanie Jester, Bank Teller Certificate; Jessica Nobert, Bank Teller Certificate; Angela Smith, Team Leader Certificate. Two bankers from F & M Bank & Trust Co., Hannibal, earned certificates. Kelly Gaddis earned a Small Business Banking Certificate and Jaclyn Givan earned the Customer Service Certificate. For more information about education opportunities through the AIB continuing education program, call Cindy Foltz at the MBA at 573-636-8151.

The Missouri Banker May 26, 2011

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Lobbyist’s Notebook

Changes are coming! Bill Ratliff Executive Vice President Missouri Bankers Association

“The only constant in life is change.”

— Heraclitus Greek philosopher 575 B.C. – 475 B.C.

As I mentioned in our last MBA Daily Update, MBA is in the midst of making some significant changes in our overall communications. You will begin to see the beginning of these changes starting in June, but they will be ongoing and fluid over the summer months.

The Missouri Banker

E-Newsletters To make up for the fewer paper issues, we are looking at changing our e-newsletters. Again, initial plans call

Student study MBA recently worked with a group of Missouri University students who were majoring in Journalism and Public Relations. They did a two-month review of MBA’s various communications pieces and gave us an extensive follow-up. Among the areas they focused on were: • The Missouri Banker newspaper • MBA website • E-newsletters • Social Media • Branding While this was a quick overview, it gives us a base on which to pursue some areas of change that will be our focus over the summer months.

A new and improved website Changes in the e-newsletters we send out. We want all of our communications to be userfriendly and provide you with information that will both entertain and inform you in our quest to make the MBA your one-stop shop for everything dealing with Missouri banking. Watch for our changes and give us your comments as we start down this new road together. HHHH Recently, we heard that lenders and others have been having a hard time finding the HUD Home Serial Numbers on manufactured homes. Here are a number

of places where the Serial Number can be found: 1. Front cross member on the left side (location required by HUD and preferred location to find the Serial Number). It is a violation of the federal HUD Standard to remove this front cross member. 2. Data plate inside home will list manufacturer, Serial Number and other data that is home specific a. Inside cabinet door under kitchen sink b. Inside one of the other kitchen cabinet doors c. Inside one of the bedroom closets on the inside of the closet door or on the closet wall d. Utility room – inside

or next to the electric panel box 3. If the Serial Number cannot be found after #1 or #2 and if the HUD labels are still on the home (located on the rear non-hitch end of the home), you should be able to provide the HUD label numbers to HUD and they can determine the Serial Number. (Note: There may be a charge for these requests but it is minimal and 99 percent successful) 4. If the home was ever titled in Missouri, should be able to obtain the Serial Number from the Department of Revenue using the previous owner’s name.

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Our Association newspaper, The Missouri Banker, will be switching to a once-amonth paper from its current 18 issues a year. We’re doing this for several reasons: Financial – Increasing publishing and postage costs Member preferences – Several surveys we’ve done over the past year indicate most bankers like the idea of one paper per month Our goal is that the oncea-month issue will be bigger with a wider variety of stories.

for a Tuesday Update in addition to our regular Thursday Update. This will allow us to get more information to more bankers quickly and inexpensively. Just how this will all play out combined with our other e-newsletters is still in the discussion phase. We’ll delve into that in more depth after the MBA Convention.

August 23-25 St. Charles, Missouri

In the months ahead… Watch for: Changes in the newspaper

In Memoriam Frank Wiles

Frank Wiles, former chairman of Community Bank of the Ozarks, Pleasant Hope, died May 23. Services are scheduled for 11 a.m. May 27 at Lohmeyer Funeral Home, 500 W. Walnut, Springfield. Mr. Wiles retired from banking about a year ago. Expressions of sympathy may be sent to Ann Wiles, PO Box 145, Pleasant Hope, MO 65725.

Reservations: Embassy Suites Hotel St. Louis – St. Charles ($129)

Call reservations at 636-946-5544 and give the code of MIB.

Reservations deadline: July 24, 2011.

Cost is $199 per attendee for all customer/ shareholder banks and only $49 for the special additional session from EPCOR (continuing educations credits will apply)

More details will follow. Contact Donna Harden at 573-556-3124 or email her at for any further questions.

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The Missouri Banker May 26, 2011

Washington Update THE SECU URIT TY WE CONSIIDER R MOS ST VALUABLE IS YOU URS. At Trustt Com ompanyy of the Ozzarks k , se s curi rities build portfolios, s bu yo but y ur sec e ur urit ityy iss the h fou und datioon fo forr someth hing eq e uallyy preccious. O r cl Ou c ie ients’ tru rustt isn‘t ‘t som met e hi h ngg we ex expe p ct, it’s something we eaarn rn. By p pro rovi v ding adv dvice that is expert and personal, we protec ect your inves estm t entss, your yo u fam amilyy an nd yo y urr futuree as carefully aass we protect our ur oown w . Call us at 417 Call 17-8 -890-7770, and nd we’ll answer. In pe p rs rson on. O visit Or i us on onli line ne at ww www w.trustccompa pany n ozarks ks.c .com m.


Wanted: Bank advocates By Frank Keating President and CEO American Bankers Association When it comes to industry advocacy in Washington, D.C., or in Jefferson City, one of the worst things to be personally told by a lawmaker or a policymaker is, “I didn’t hear from any bankers on that.” We want to make sure that cannot happen. Ever. Frank Keating Effective political advocacy means organization and relationships. It’s about getting to know the members of your congressional delegation and keeping them informed about industry issues, key legislation and important votes. This is why we developed the ABA Bank Advocates Program. This new grassroots program supplements our successful Direct Contact Bankers program, which is made up of bank CEOs, presidents and chairmen who have built relationships with their members of Congress. We want to continue to increase our reach by providing bank employees and directors with the tools and resources to effectively represent our industry. We’re encouraging all employees and directors who are willing to advocate on behalf of banking to sign up for the program. When it comes to political clout, there is strength in numbers. Together, we can play a key role in effectively communicating the industry’s position on critical issues to elected officials and regulators with a strong, compelling voice. We’ve proven that through the more than 160,000 e-mails and letters bankers have sent to Congress on the debit card interchange issue through ABA and the state bankers associations. And that’s just this spring. Elected officials and regulators need to know where our industry stands. They should expect to hear from bankers on hot-button issues. Every bank employee should know the important role their bank plays in the economic life of their community. This unique perspective can become a valuable and trusted asset for policymakers whose decisions affect their constituents – and your bank’s customers. Our direction is to move forward – to be on offense. While not all lawmakers or policymakers will always agree with our industry’s positions, we will be respectful and factual, but unrelenting in our political advocacy. I’m counting on all of you to join us to help make that happen. E-mail Frank Keating at

The Missouri Banker May 26, 2011

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The Missouri Banker May 26, 2011

On May 9 about 70 members of the MBA Young Banker Leadership Division met at the Federal Reserve Bank of St. Louis for a Day at the Fed. The group heard presentations from St. Louis Fed President and CEO James Bullard; David Wheelock, vice president and economist; Julie Stackhouse, senior vice president, supervision, credit and Center for Learning Innovation; Bill Emmons, assistaant vice president and economist; Katrina Steirholz, assistant vice president, Research Library; and Anam Zaretsky, bank structure economist. The speakers discussed Federal Reserve programs, economics, and regulatory issues.

OCC’s Walsh: Tsunami of mortgage-lending rules could hurt industry The pending Dodd-Frank Act-mandated mortgagelending rules are more apt to hit the mortgage and servicing businesses like a tsunami than a simple wave, Acting Comptroller of the Currency John Walsh

told the Financial Services Roundtable’s Housing Policy Council last week. There are many good ideas in Dodd-Frank, but there are so many new requirements coming at once that they could hurt the

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fragile mortgage industry, Walsh said. He likened the regulations’ possible cumulative effect to that of a harmful drug reaction caused by taking pills for different maladies. “[O]ne regulation may strengthen the quality of capital; another might fix

problems with the servicing process; and yet another may ensure that compensation policies don’t encourage banks to take excessive risks. All of those goals are worthy, but it is hard to predict how they may all work together,” Walsh said. “We don’t yet know Paid Advertisement

how the new treatment of mortgage servicing rights will affect the price and availability of mortgage credit,” he said. “The same holds true for the riskretention rules and other changes. It’s possible that the total effect may be more than the sum of the parts.”

The Missouri Banker May 26, 2011

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Century Banks

Alliant Bank American Bank of Missouri American Loan and Savings Association America's Community Bank B & L Bank BANK 21 Bank of Advance Bank of Ash Grove Bank of Billings Bank of Brookfield-Purdin, N.A. Bank of Cairo & Moberly Bank of Crocker Bank of Iberia Bank of Lee's Summit Bank of Macks Creek Bank of Mansfield Bank of Odessa Bank of Old Monroe Bank of Orrick Bank of Salem Bank of Sullivan Bank of Thayer Bank of Washington Bank of Weston Bank Star of the BootHeel Bank Star of the LeadBelt Belgrade State Bank Boone County National Bank Boulevard Bank Bremen Bank and Trust Co. CBC Bank Central Bank of Missouri Central Trust Bank Century Bank of the Ozarks Citizens Bank Citizens Bank & Trust Citizens Bank & Trust Company Citizens Bank of Eldon Commerce Bank, N.A. Commercial Bank of Oak Grove Commercial Trust Company Community Bank and Trust Community Bank, N.A. Community State Bank of Missouri Corner Stone Bank Country Club Bank County Bank Eagle Bank & Trust Company of Missouri F & C Bank F&M Bank and Trust Company Farmers Bank Farmers Bank of Lincoln Farmers Bank of Northern Missouri, N.A. Farmers State Bank, S/B First Bank First Community Bank First Community National Bank First Home Savings Bank First Independent Bank First Midwest Bank of the Ozarks First National Bank, Camdenton First National Bank, nevada First National Bank of Audrain County First National Bank of St. Louis First Security Bank First State Bank of St. Charles

1888 1880 1909 1888 1887 1903 1902 1883 1889 1894 1905 1911 1899 1868 1911 1892 1889 1906 1902 1883 1895 1900 1877 1893 1904 1905 1906 1857 1884 1868 1871 1891 1902 1894 1910 1902 1889 1905 1865 1907 1903 1884 1904 1887 1898 1905 1877 1911 1881 1870 1909 1890 1900 1910 1906 1869 1906 1911 1905 1902 1905 1889 1883 1902 1890 1867

Flowers National Bank FMB Bank Glasgow Savings Bank Goppert Financial Bank Guaranty Bank Hawthorn Bank Heartland Bank Heritage State Bank HNB National Bank Home Savings Bank Horizon State Bank Independent Farmers Bank Jefferson Bank & Trust KCB Bank Kearney Trust Company Landmark Bank, N.A. Lawson Bank Legacy Bank & Trust Company M & I Marshall and Ilsley Bank Macon-Atlanta State Bank Maries County Bank Martinsburg Bank and Trust Merchants & Farmers Bank Mid-Missouri Bank Midwest BankCentre Midwest Regional Bank Montrose Savings Bank Napoleon Bank Nodaway Valley Bank O'Bannon Banking Company Ozark Bank Paris National Bank Peoples Bank PNC Bank, N.A. Pony Express Bank Preferred Bank Providence Bank Quarry City Savings and Loan Association Regional Missouri Bank Rushville State Bank Security Bank and Trust Company Sherwood Community Bank Southern Bank St. Clair County State Bank State Bank of Missouri State Bank of Slater Sun Security Bank The Bank of Fairport The Bank of Grain Valley The Bank of Houston The Bank of Missouri The Bank of Urbana The Bank of Versailles The Callaway Bank The Corder Bank The First National Bank of Carrollton The Mercantile Bank The Tipton Latham Bank, N.A. Third National Bank Town & Country Bank Town & Country Bank of Missouri U.S. Bank, N.A. UMB Bank, N.A. UNICO Bank West Plains Bank and Trust Company Wood and Huston Bank

1906 1910 1852 1879 1913 1865 1887 1911 1888 1897 1883 1894 1892 1887 1882 1865 1883 1907 1847 1893 1900 1893 1903 1872 1906 1894 1895 1902 1868 1905 1906 1865 1901 1804 1890 1904 1888 1890 1908 1903 1905 1902 1887 1896 1884 1895 1909 1909 1905 1889 1891 1903 1882 1857 1891 1889 1880 1906 1883 1894 1903 1863 1902 1901 1883 1874

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The Missouri Banker May 26, 2011

Century Banks ... honoring the past, looking to the future Founded in August of 1891 during a gathering of bankers in Lebanon, the Missouri Bankers Association this year celebrates 120 years of service to Missouri banks. MBA Century Banks Since the first Missouri bank opened its doors, the local bank has been at the heart of community growth and prosperity. The MBA Century Bank Program has been developed to recognize and honor those banks that have endured for 100 years or more.

Bank of Plato now Legacy Bank and Trust Chartered 1907

This year, MBA will recognize 132 of its member banks that have reached this milestone at the 2011 MBA Annual Convention June 8 to 10 in Branson.

Irondale Bank now Unico Bank, Chartered 1901

Alma Bank now State Bank of Missouri, Chartered 1884

The Bank of Versailles, Chartered 1882. Photo taken 1910.

First National Bank, Camdenton, Chartered 1905

West Plains Bank and Trust, Chartered 1883

The Missouri Banker May 26, 2011

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The Bank of Missouri, Chartered 1891 Bank of Gainesville now Century Bank of the Ozarks, Chartered 1894 From left are Hugh Tan Harlin, John Reed, Jim Harlin and Johnny Harlin.

First State Bank of St. Charles Chartered 1867

HNB Bank, Chartered 1888

Bank of Otterville, a branch of Midwest Regional Bank, Chartered 1894

Currency issued in 1929 by The First National Bank of Cainesville now Flowers Bank.

Macon Atlanta State Bank, Chartered 1893.

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The Missouri Banker May 26, 2011

Banks earned $29 Billion in First Quarter

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Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $29 billion in the first quarter of 2011, an $11.6 billion improvement (66.5 percent) from the $17.4 billion in net income the industry reported in the first quarter of 2010. This is the seventh consecutive quarter that earnings registered a year-over-year increase. For the sixth consecutive quarter, reduced provisions for loan losses drove the improvement in earnings. More than half of all institutions (56 percent) reported better quarterly net income from a year ago, and only 15 percent had a net loss for the quarter. The average return on assets (ROA), a basic yardstick of profitability, rose to 0.87 percent from 0.53 percent a year ago. First-quarter loss provisions totaled $20.7 billion, less than half the $51.6 billion that insured institutions set aside a year ago. However, some of the benefits from lower provisions were offset by reduced revenues. Net operating revenue (net interest income plus total noninterest income) was $5.5 billion (3.2 percent) lower than a year earlier, and realized gains on securities fell by $1.7 billion. Financial results for the first quarter are contained in the FDIC’s latest Quarterly Banking Profile, which was released today. Also among the findings: Quarterly net income rose to a three-year high. Net income was the best for the industry since the $36.8 billion earned in the second quarter of 2007. Loan balances continued to decline. Total loans and leases fell for the tenth time in the past eleven quarters (the one exception in first quarter of 2010 resulted from changes in reporting rules, not from actual loan growth). More than 70 percent of all insured institutions reported declines in loan balances in the first quarter. The number of institutions on the “Problem List” flattened. The net increase of four, to 888, is the smallest in three-and-a-half years. The number of “problem” institutions is the highest since March 31, 1993, when there were 928. Total assets of “problem” institutions increased from $390 billion to $397 billion. Twenty-six insured institutions failed during the first quarter, the smallest number in the last seven quarters. The Deposit Insurance Fund (DIF) balance neared positive territory. The DIF balance — the net worth of the fund — rose from negative $7.4 billion to negative $1.0 billion during the first quarter. Assessment income and continued improvement in the outlook for anticipated bank failures were primarily responsible for the growth in the fund balance. The contingent loss reserve, which covers the cost of expected failures, fell from $17.7 billion at year-end 2010 to $13.8 billion at March 31, the lowest reserve since the third quarter of 2008. “Barring unforeseen circumstances, the reported DIF balance at June 30 should turn positive, after seven quarters in the red,” said Chairman Sheila Bair. The complete Quarterly Banking Profile is available at on the FDIC Web site.

The Missouri Banker May 26, 2011

Page 11 Paid Advertisement

Agenda June 2011 8-10 MBA Annual Convention, Hilton at Branson Landing August 2011 17 Regional Meeting, Pony Express Region & Truman Region, Kansas City 18 Regional Meeting, Ozark Region, Springfield 30 Regional Meeting, River Heritage Region, Cape Girardeau 31 Regional Meeting, Gateway Region, St. Louis September 2011 7 Regional Meeting, Mark Twain Region and Capitol Region, Columbia 21-23 MBA Compliance Conference, Tan-Tar-A Resort, Osage Beach October 2011 6-7 MBA Young Bankers Conference, Tan-Tar-A Resort, Osage Beach December 2011 7-9 MBA Executive Management Conference, Ritz Carlton Hotel, St. Louis

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The Missouri Banker May 26, 2011

Record-breaking attendance at operations workshop

More than 170 Missouri bankers took part in the federal session of the Operations Compliance Workshop last week in Columbia. More than 160 bankers attended the session on state operations compliance. Instructors for the workshop were MBA Chairman John Klebba, president and general counsel, Legends Bank, Linn; Chuck Lewis, vice president, compliance services, Missouri Bankers Association; and Anna Rentschler, BSA/AML officer, Central Bancompany, Jefferson City.

In photo above, Chuck Lewis, MBA vice president of compliance services, speaks at the Operations Complaince Workshop. During a break, bankers visit with, from left, Carol Barnett, MBA vice president, products and services; Anna Rentschler and Chuck Lewis. Rentschler and Lewis were presenters at the workshop.

Workshop participants, in photo at left are Diane Glastetter, left, and Monica Parsons, both with Town and Country Bank, Salem. Attending the Operations Complaince Workshop from Community State Bank, in photo at right, are Lacy Vandivort, Troy, and Barbie Gamm, Bowling Green.

The Missouri Banker May 26, 2011

Page 13

MBAds Community Bank in southern Missouri with $125+m in assets seeking experienced Commercial Lender. Position requires Business/Finance degree or equivalent combination of experience and education.  Background in ag & commercial lending preferred.  Excellent benefits. Salary commensurate with experience. Please send applications to:  Attn:  Sue Norfleet, P O Box 57, Jefferson City, MO  65102. Position Wanted: 25+ year commercial loan workout specialist seeking Special Assets position in community or regional bank. Will perform other lending/credit administration functions as needed. SA experience includes: REO disposition, raw land, owner/investor RE, strip centers, office buildings, CStores/gas stations and all other business assets. Garyg2@ 592 8902. United State Bank is seeking an experienced Loan Officer for their Edina branch.  The successful candidate should have experience with agricultural and consumer lending as well as good credit analysis skills.  The position requires strong communication skills and commitment to community involvement and development.  Resumes may be faxed to 573-215-2407, mailed to Human Resources, P O Box 8, Lewistown, MO  63452, or e-mailed to Experienced banker seeking position. Twenty years community bank experience, Bachelors Degree, Graduate School of Banking, and active in the community. Best suited for Branch President / Manager or other senior position with smaller institution. Call 573-703-7989 or email Controller: Peoples National Bank, N.A. of Mt. Vernon, IL is seeking highly qualified and experienced applicants for the Controller position. Responsibilities include oversight of accounting and financial functions of the Bank, monthly closing process, financial reporting and analysis, general accounting, daily funds management, budgeting, cost accounting and regulatory reporting. Responsibilities also include coordination of external audits, internal audits and regulatory examinations. Candidates should demonstrate knowledge of financial institution policies and procedures, strong analytical and communi-

cation skills, and proficient computer skills (especially electronic spreadsheets). MBA or CPA preferred. To apply, please complete the application located on our website: http://www. php?page=careers EOE/AA Em-


systems; management of IT staff; maintenance of IT policies and procedures, ensuring compliance. Candidates should be detail oriented with an extensive knowledge of network infrastructure, telecommunications and virtualized environments, display excellent verbal and

Director of Information Technology: Peoples National Bank, N.A. of Mt. Vernon, IL is seeking highly qualified, experienced applicants for this position. Responsibilities include management of bank network and network security

written communication skills, and demonstrate strong managerial skills. To apply, please complete the application located on our website: http://www. index.php?page=careers EOE/ AA Employer

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The Missouri Banker May 26, 2011

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Bob Davis Executive VP American Bankers Association

Martin Eakes CEO Center for Responsible Lending

Elizabeth Mendenhall Vice President, National Association of Realtors

MICHAEL WILLIAMS President & CEO Fannie Mae

Edward DeMarco Acting Director, Fed. Housing Finance Agency

Terry Smith President & CEO FHL Bank of Dallas

Freddie & Fannie and the Future of Mortgage Finance CFPB – The Rules of the Road New Risks of the Dodd-Frank Era Risk Retention and QRM Secondary Market: What’s the New Profit Model? Property Values: Finding the Bottom and Restoring Stability 1st time buyers driving purchase renewal The Return of Private Capital, Where & When? SAFE Mortgage Licensing Act & the NMLS Niche Markets: How to Capitalize Specialization


Michael Berman Chairman, Mortgage Bankers Association of America

Glen Corso Executive Director Community Mortgage Banking Project

LEWIS RANIERI President Ranieri & Company

FOR MORE INFORMATION: Amy Hornbuckle at 800.662.7044 or


The Missouri Banker May 26, 2011

Originating Body

H Change from last report



Do Pass

Hearing Date




Do Pass


This Bill Progress Report is designed to provide members of the Missouri Bankers Association with timely information on the status of all state legislation pertinent to their industry. Another service of MBA Legislative Watch is the analysis of ALL legislation introduced in the Missouri General Assembly. Requests for information not contained in this report, including copies of individual bills, will receive immediate action. For more information on these bills, visit the Government Relations Page of the MBA Web site at

MBA Position

Bill Progress Report

Hearing Date

Page 15

Opposite Chamber

HB 37 - Pace - Prohibits use of credit history for hiring purposes unless directly related to the position


HB 75 - Curls - Court may expunge non-violent felonies after eight years



HB 76 - Nolte - Limits corporate franchise tax to no more than $2 million annually



1/26 2/9 2/28 106-52


HB 83 - Nolte - Banks may charge a fee for international ATM transactions -- PASSED --



2/9 2/21 3/19 153-0

FI 4/11 4/18 4/21 33-0

HB 108 - Smith - Allows PACs to receive contributions from any corporation, association or partnership S

GL 1/31 2/23 3/3 156-0

R 4/5 4/14

HB 109 - Wells - Repeals sunset on Linked Deposit programs -- PASSED --



2/9 2/28 3/9 158-0

FI 4/11 4/21 4/27 33-0

HB 265 - Smith - Professional registration including pre-need funeral issues


PR 2/9 2/23 4/4 153-0

FI 4/14 5/5 5/12 33-0

HB 279 - Solon - Increases homestead exemption to $125,000 for over age 62 bankruptcy



HB 292 - Schneider - Prevents appraisers from using foreclosed property as a comp. property


HB 323 - Walton-Gray - Changes laws on mortgage disclosure and reverse mortgages



HB 345 - Guernsey - Guaranteed loans by Mo. Ag and Sm Bus. Authority Passed as SB 161


Ag 3/1 3/13

HB 408 - Koenig - House Fair Tax Bill

O WM 2/17 3/7 3/7

HB 550 - Day - Changes rules on re-financing of titled property -- PASSED --



SB 1 - Ridgeway - Right to Work language - union membership not required for employment


GL 2/9 2/15

SB 18 - Schmitt - Caps corporate franchise tax at $2 million annually


ED 1/26 2/1 2/8

SB 19 - Schmitt - Phase out of corporate franchise tax over five years -- PASSED--


ED 1/26 2/1 2/7 28-4

SB 59 - Keaveny - Modifies Uniform Trust Code -- PASSED --



SB 60 - Keaveny - Modifies power of attorney provisions in Uniform Trust Code


J 1/31 3/9 4/4 34-0

J 4/20 4/21 5/11 104-0

SB 70 - Schaefer - Modifies provisions in the Missouri Family Trust -- PASSED --


J 1/31 3/9 4/7 34-0

J 4/20 4/21


3/9 3/17 4/5 146-0

1/31 3/9 4/4 34-0

FI 4/11 4/18 4/21 34-0

IT 3/9 3/10 4/6 105-51 J 4/20 4/21 5/9 106-44


SB 71 - Parson - Eliminate contradictory language concerning Appraisal Management Companies


FI 1/31 2/17 2/22 30-1

FI 4/6 4/7

SB 83 - Pearce - MBA-Supported GAP bill -- PASSED --



FI 4/6 4/7 5/4 145-0 H

SB 139 - Crowell - All state tax credits are subject to appropriation


SB 144 - Crowell - Place one-year moratorium on certain tax credits


1-31 2/7 2/28 32-0

SB 161 - Munzlinger - Same as HB 345 -- PASSED --



2/9 2/16 3/9 25-7 AB 4/5 4/7 5/4 145-0

SB 166 - Goodman - Requires title agents and title agencies to have physical presenence in MO



2/15 2/22 3/2 30-2

IP 4/11

SB 219 - Wasson - Same as HB 83



2/14 2/21 3/10 33-1

FI 4/6

SB 280 - Purgason - Bank franchise tax credit removal


3/3 3/10

Key Committees: A - Agriculture; AB - Agri-Business; AP - Agriculture Policy; BU - Budget; CH - Children and Families; C - Commerce; CR - Crime Prevention and Public Safety; E - Education; ED - Economic Development, Tourism & Local Government; F - Financial, Governmental Organizations and Elections FI - Financial Institutions: GF - Governmental Accountability; GL General Laws; IP - Insurance Policy; IT - International Trade and Job Creation; JE - Jobs, Economic Development and Local Government; J - Judiciary; LG - Local Government; R - Rules; SB - Small Business; T - Transportation; TR - Tax Reform; VA - Veterans’ Affairs, Emerging Issues, Pensions and Urban Affairs;WD - Workforce Development; WM - Ways and Means. MBA Positions: O - Oppose; S Support; W - Watch; C - Change; N - Neutral.

MBAds Loan Officer position available with KCB Bank. A lending background with a minimum of 5 years experience is requested. Ideal candidate must possess strong sales skills and a desire to develop new business relationships along with demonstrated community involvement. Salary is commensurate with experience. Please send confidential resume to: KCB Bank, Attn: HR, PO Box 888, Kearney, MO, 64060,or dawnl@ EOE Mortgage Underwriter needed for the Secondary Market

division of First State Community Bank. We are looking for someone with 5+ years of Conventional/USDA/VA/ FHA underwriting experience.  An underwriter with a DE is preferred but a strong candidate without a DE will be considered.    We require this candidate to possess a strong knowledge of guidelines and compliance for all approvals, denials, suspensions, and conditions.  Also, he/ she must be able to provide prompt quality services to all branches and correspondents within our network.  We are

looking for someone with a strong work ethic that can deliver sound underwriting decisions. Please apply on line at Payment Systems Manager: 3pm – 12am Midwest Independent Bank (MIB), Jefferson City, Missouri seeks full time Payment Systems Manager to oversee our second shift processing responsibilities.  The qualified individual will be responsible for the daily administration of MIB’s™ check

image clearing network. This includes all duties associated with cash letter processing/ clearing for respondent banks and the accurate posting of entries to the respondent accounts. The qualified individual will have a high school diploma or equivalent, some college or five years’ experience working in a financial institution or financial services company of which two years must be related to deposit operations and or check image file processing operations functions. Excellent benefits offered and salary commen-

surate with experience. To view full details visit our website at and click on Employment. Send resume to Human Resources Director, P.O. Box 104180, Jefferson City, MO 65110-4180 or email to Multi-location insurance agency looking for bank interested in providing insurance services to retain current and attract new customers. To discuss possibilities call Gary Haney 417-935-4443.

Page 16

The Missouri Banker May 26, 2011

AGENDA Wednesday, June 8 ______________________________________________ 9:00 a.m.

Golf Tournament - Payne Stewart Golf Club

2:00 – 7:00 p.m.

Registration Open

3:00 - 4:00 p.m.

Bonus Workshop Session

4:00 – 10:00 p.m.

Exhibit Showcase

6:00 – 10:00 p.m.

Reception, Dinner & Entertainment in Exhibit Hall

Thursday, June 9 ________________________________________________ 7:00 a.m. – 4:00 p.m.

Registration Desk Open

7:00 a.m. – 2:30 p.m.

Exhibit Hall Open

7:15 – 8:15 a.m.

Continental Breakfast in Exhibit Hall

8:00 – 8:45 a.m.

General Session -Call to Order and Welcome

-Election of 2011-2012 Officers

8:45 – 10:00 a.m.

- Introduction of the 2011-2012 Banking Leadership Missouri Class Keynote Address

10:00 – 10:30 a.m.

Refreshment Break

10:30 – 11:30 a.m.

Two Concurrent Breakout Sessions

11:30 – 11:45 a.m.

Refreshment Break

11:45 a.m. – 12:45 p.m.

Two Concurrent Special Interest Sessions

12:45 – 2:00 p.m.

Convention Awards Luncheon

2:15 – 3:15 p.m.

General Session

6:15 - 7:00 p.m.

Chairman’s Reception

7:00 p.m.

Chairman’s Dinner & Dance

Friday, June 10 __________________________________________________

Bonus Workshop Session - Wednesday, June 8

8:00 – 8:45 a.m.

Buffet Breakfast

8:45 – 9:30 a.m.

General Session

Retail Banking after Regulation – The Quest for Value and New Sources of Profitability Jay Coakley Coakley Strategic Solutions LLC - Jefferson City, Missouri

Concurrent Special Interest Sessions - Thursday, June 9

SEND IN THE CLOWNS – The Compliance Changes under Dodd-Frank Denny Deischer & Chuck Lewis Missouri Bankers Association - Jefferson City, Missouri

An Update on Banking in Missouri Chairman’s Message to the Membership American Bankers Association Report 9:30 - 9:45 a.m.

Refreshment Break

9:45 - 11:00 a.m.

Convention Closing Speaker

11 a.m.

Final Adjournment


Trends in Capital Raising and M&A

Opening General Session

Loan Pricing – A Formula to Beat the Competition & Maximize Profitability

Chris Kuehl, Managing Director Armada Corporate Intellience Kansas City, Kansas

Bill Boyan & Stephen Glassgold Sandler O’Neill & Partners - New York, New York

Dan Roderick ProfitStars Margin Maximizer - Atlanta, Georgia

Is the Golden Egg Melting?

Bob Monroe Stinson Morrison Hecker LLP - Kansas City, Missouri

Visit for complete Convention information. Register online or call the MBA at 573-636-8151.

From the Frying Pan - Getting Ready for the Next Round of Fretting

Thursday General Session Speaker Lessons from the Past, Challenges for the Future Tom Hoenig Federal Reserve Bank of Kansas City Kansas City, Missouri

Closing Keynote Speaker Leadership Lessons from the Sidelines and the Aisles of Congress J. C. Watts, Visionary Conservative Leader and Chairman J.C. Watts Companies Washington DC

May 26 2011  
May 26 2011  

May 26 2011 issue