ICBSD Blog

[vc_row][vc_column][vc_column_text] WASHINGTON — The Office of the Comptroller of the Currency (OCC) today reported the key issues facing the federal banking system and the effects of the COVID-19 pandemic on the federal banking industry in its Semiannual Risk Perspective for Fall 2021. Banks are weathering the COVID-19 crisis with resilience and satisfactory credit quality and strong […]

[vc_row][vc_column][vc_custom_heading text=”Federal Delegate’s Report” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal”][vc_column_text] Emily Hofer, Chief Financial Officer, Merchants State Bank in Freeman Summer has certainly flown by for me.  After the July 4th holiday, summer seems to be done in the blink of an eye.  Football and volleyball seasons are now well underway for our local schools, and I have been enjoying

[vc_row][vc_column][vc_custom_heading text=”From the ICBSD Chairman” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal”][vc_column_text] Brian Gilbert, Senior Vice President, First National Bank in Sioux Falls It is an exciting time to be part of South Dakota community banking! Looking back at the past year and a half, I am reminded “the more things change, the more they stay the same.” COVID-19 changed all

[vc_row][vc_column][vc_custom_heading text=”President’s Message” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal”][vc_column_text] Community Bankers, As you are no doubt aware, policymakers in Washington are pushing a proposal to impose new IRS reporting mandates on all consumer and business bank accounts. This reporting would require your bank to report all transactions $600 or greater to the IRS regardless of account holder consent and their

[vc_row][vc_column][vc_custom_heading text=”Meet our Fall Conference Presenters” font_container=”tag:h2|text_align:center” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal” link=”url:https%3A%2F%2Fwww.icbsd.com%2Ffall-conference%2F|target:_blank”][vc_column_text]Meet the men and women who will be sharing their time and expertise with us during the 2021 Fall Directors & Management Conference taking place October 6th -7th in Sioux Falls! We are grateful to have them as part of our event! To learn more about the

[vc_row][vc_column][vc_column_text]By: Teresa Ulven, manager of The Advantage Network Due to COVID-19 health and safety protocols, e-commerce has seen exponential growth. In 2020, digital commerce sales came in at more than $861 billion in the U.S. alone, which was up 44 percent from 2019. There are no signs of a slowdown any time soon. As a

[vc_row][vc_column][vc_column_text]By: Teresa Thill, Advantage Network Manager Now that the world is opening up, people around the U.S. are once again ready to pack their bags for a new adventure. As your customers’ trusted financial institution, this is a great opportunity for you to build awareness for all the ways you can help them enjoy their

[vc_row][vc_column width=\”1/3\”][vc_single_image image=\”4678\” img_size=\”\”][/vc_column][vc_column width=\”2/3\”][vc_column_text]As President and Chief Operating Officer of Shield Compliance, Tony leads day-to-day operations and is the company’s principal product architect. Having served as a senior executive at a Washington State-based community bank for over 20 years, Tony has in-depth knowledge of the banking industry and the regulatory and compliance requirements for

[vc_row][vc_column width=\”1/3\”][vc_single_image image=\”4655\” img_size=\”\”][vc_column_text]Keith Gruebele, EVP, Institutional Relationships at Bankers Healthcare Group[/vc_column_text][/vc_column][vc_column width=\”2/3\”][vc_column_text] Friday, July 30th Keynote Presentation: The Mindset of Change Often times change is forced upon us and as humans we push back on it, fighting to hold onto the status quo until we are forced to ultimately embrace the change we resisted. 

[vc_row][vc_column width=\”1/3\”][vc_single_image image=\”4634\” img_size=\”\”][vc_column_text] Dwight Larsen, President and CEO at United Bankers’ Bank [/vc_column_text][/vc_column][vc_column width=\”2/3\”][vc_column_text] As Good As It Gets? M&A Activity and Bank Valuations Coming Out of the Pandemic Many banks are currently experiencing record earnings as a result of a combination PPP fee income, mortgage activities, etc. along with minimal provision expenses. With