Pub. 10 2022 Issue 3

Welcome ReceptionBell BankUBBWipfliSelect BankcardShazam Thursday BreakfastBell BankSelect Bankcard Thursday LunchHoltmeyer & MonsonSelect Bankcard Vendors ReceptionWipfliSelect BankcardCrescent MortgageShazam 55th AnniversaryBarbecueBell BankSelect BankcardBHG Bank NetworkCrescent MortgageShazam Hosted Bar ThursdayPCBBMT Board of HousingCitizens Alliance Bank Friday BreakfastBell BankWipfliSelect Bankcard Friday LunchSelect BankcardICBA Bancard & TCM BankICBA Securities Refreshment Golf CartSelect BankcardBHG Bank NetworkCommunity BankersWebinar NetworkShazam Rafting CoolerFederal Home

MIB’s 55th Annual Convention and Tradeshow was held July 27-29 at the Whitefish Lake Lodge. Attendees enjoyed great speakers, fun activities and numerous networking activities. A big thanks to all of our sponsors that made this event possible. We hope to see you at our next event. Please visit mibonline.org for more information.

September 10, UM Tailgate Party, MissoulaSeptember 26-29, Barrett School of Banking Webinar, Ag Lending 101October 6, FDIC Workshop, BozemanNovember 16-17, Women in Banking Conference, BozemanNovember 18, MIB Fall Board Meeting, BozemanNovember 19, Cat-Griz Game MIB Tailgate, BozemanMarch 12-16, 2023, ICBA Live, Honolulu, Hawaii CBC Program Dates September 9, 9:00 a.m.Regulatory Update Webinar September 15, 9:00

Dean Miller, Chairperson of United Bankers’ Bancorporation, Inc., is pleased to announce the election of Rachelle Nelson to the United Bankers’ Bancorporation, Inc. (UBBI) and United Bankers’ Bank (UBB) Boards of Directors.

Most businesses do not understand the difference between patch management and vulnerability management. To make matters worse, IT departments and Managed Service Providers habitually use them interchangeably, which may negatively affect your cybersecurity program’s effectiveness. While patch
management and vulnerability management maintain a compatible relationship, they have separate duties, and may impact your organization’s IT risk.

According to the Federal Bureau of Investigation (FBI), millions of elderly citizens are targeted annually with some form of financial fraud, and many of these attempts are successful. It has been estimated that seniors lose approximately $3 billion per year as a result of these scams, which are becoming more widespread and sophisticated.

With the emergence of the COVID-19 pandemic and the onset of faster digitization in banking, banks, other
depositories and institutional investors have expanded their ALM strategy to include purchasing third-party consumer loans for a variety of reasons. Through a fintech partnership, banks may find a more flexible and agile path to managing the balance sheet, interest
income, and technological capabilities.

Flood Insurance. Q: We are working on a loan for our borrowers to purchase a primary residence. I just pulled the flood determination and found that part of the property is in the flood zone. However, the residential structure is not in the flood zone, only an older storage shed. Do we need to place

The Montana Independent Bankers Association is pleased to announce its participation with FedFis and other state community banking associations nationwide to offer MIB’s membership access to the “Bankers Helping Bankers” peer interaction platform.

Up with People, which readers of a certain age may remember, was an organization that had a run of popularity in the 1970s and ‘80s by promoting wholesome values and positive thinking. Its delivery channel was through song and dance performances, often in large arenas and stadiums. Up with People provided the halftime entertainment for five Super
Bowls between 1971 and 1986, though in recent decades, it has been relegated to the dustbin of a bygone era. Today’s attitudes toward pop culture, it seems, have little room for this squeaky-clean message; The Simpsons had several episodes featuring a snarky knockoff, “Hooray for Everything.”

As we kick off this year’s lending issue, I want to pause for a moment to reflect on just how much lending has changed. Remember not that long ago when a loan card was handwritten on a one-page form? You would just rip off the top sheet, fill out the terms and provide a description of the collateral. From
there, the loan assistant would key it in and produce loan documents. That was it. That was the process.

Connor Cassidy has been employed with Farmers State Bank since April of 2013. He has held numerous positions within the bank, starting as a part-time teller
and working his way up to his current position as a Vice President-Senior Compliance Officer overseeing the Bank’s compliance department. Connor has been an important part of the Farmers State Bank team since he started. Connor is very well-respected
among his co-workers and the community in which he lives and works. He is an avid long-distance runner and frequently helps with local school activities, as well as volunteering to help with local fundraisers and other events. Mr. Cassidy is a solid example of what community banking is all about. I have no doubt that he will continue to be a strong leader in both his community and at Farmers State Bank.

To recognize upcoming leaders in Montana’s banking community, MIB honors an exceptional young banker
each year. This award is based on the community banking values of good citizenship, community service, and sound banking skills. This award recognizes the impact the candidate has on his or her business each day and the difference he or she makes by investing in their community. Eligible candidates are under 35 years of age and work for a MIB member bank. The winner receives free convention registration and three nights of lodging at the 2022 MIB Annual Convention, $100 in travel expenses, an honor plaque to display in his or her office, and a prominent mention in the MIB magazine and website.

As a community banker, you’re either going through a crisis or you’re preparing for one. Back in the late ’90s
and early 2000s, our bank faced a significant challenge around loan quality. It stemmed from two major factors: getting too lax in our underwriting and making too many
concessions to build business.

Welcome to the post-annual MIB
convention edition of our magazine. Many of the attendees said the 2022 convention was the best yet. The Whitefish Lake Lodge was a great and beautiful venue for the annual conference, and attendance almost reached an all-time high.

As the newly elected President of MIB, I want to focus my first communication on introducing myself, talking a little bit about my background, and then discussing what I would like to see the newest MIB officers, directors, and
members spend time focusing on in
the next couple of years.