As we continue in 2018, we are pleased to report that our bank financials have been strong for two thirds of 2018 and look to continue into 4th quarter. For those of you that watch asset growth we have intentionally be shrinking our assets to eliminate some high cost liabilities, so we can offer higher deposits rates and lower loan rates. We are continuing to makes changes to better equipped ourselves to meet the needs of our customers and community as we continue to move forward, and we are ready to embrace the opportunities that are ahead.
Chris Foster, our new CFO has joined our team in 2nd quarter to succeed our former retired CFO John Peters. Bill Rice, SVP of Commercial Lending has joined the team to help us expand our commercial real estate lending. Newly created position VP of Retail Banking has been filled by longtime Leavenworth County resident, Chuck Moorehead. Chuck brings a wealth of marketing and sales experience to our organization.
Teana Hundley has been promoted to Senior Vice President and will continue to lead our great Mortgage Origination Officers. Nathan Petty has also been promoted to IT Technology Officer and we look forward to bringing more of our IT functions in house. Ashley Perrin has been promoted to Branch Manger of the Downtown Location, Candace Valverde as Assistant Branch Manager and Kelsey Scharnhorst has been promoted to Assistant Branch Manager of our Main office.
We are grateful for the willingness and desire of these influential individuals to take on new roles and responsibilities. Together, they will continue to have a positive impact on our financial institution.
We will continue to support the project graduation programs, snowflake streak and the annual community shred it events this year. Many of our employees sit on Boards of the local non-profits, we encourage and support those efforts.
PRODUCT & SERVICE HIGHLIGHTS
We are ever mindful of the changing rate environment. We will continue to make adjustments as necessary with the best interests of our customers in mind. As for new products, we have launched our new Credit Card program for Personal and Business, both card programs offer a great rate and rewards along with Merchant Processing. On the Mortgage front we have added FHA, USDA programs along with a lending program covering 50 states. We have also expanded into Commercial Lending with an experienced team.
As you make plans for the coming year – and years ahead – we would like to remind you of the benefits of the financial planning services offered through Prime Capital Investments and The Trust Company of Kansas. The start of the year is a great time to put a better plan in place or re-evaluate your existing plan. Regardless of where you are and what your goals may be, Prime Capital Investments and TCK are a reliable resource for your financial planning needs.
We are continually searching for ways that we can make banking easier for our customers. In the year ahead, we plan to continue exploring ways to optimize convenience with our products and services. We are optimistic that we will be able to improve and expand our suite of digital services.
We are appreciative of the trust that you place in us year after year and hope to exceed “uncommon” banking expectations throughout 2018.
Randy L Baker
President and CEO