Independent Banker - April 2017 - 84

15
minutes with ...
BOB BAUMAN
President of the $80 million-asset Financial Security Bank
in Kerkhoven, Minn., and an avid scuba diver
IB: What do you like about
scuba diving?
Bauman: When you're underwater,
it gives you a chance to separate from
the rest of the world and enjoy a lifesized
aquarium. Every September, I
go to Key Largo with a [community
banker] friend who also dives, and we
get up early, have breakfast, go scuba
diving, work on our videos to post on
YouTube or Facebook, go out for dinner,
then the next morning get up and
do it over again.
IB: Did you use scuba in your
work as a volunteer EMT?
Bauman: I did use scuba to recover
some bodies, but I never rescued
anyone as part of the search-and-rescue
team. I was a volunteer EMT in
Kerkhoven for 25 years. I'd be sitting
in my offi ce, my pager would go off, I'd
take my suit coat off and go do what I
had to do. I remember the emergency
room doctor saying, " Wow, you guys
really dress up for your ambulance
runs. " But that's what you do in a
small town; it's all part of being a community
banker.
IB: What kind of lending do you
do at Financial Security Bank?
Bauman: Manufacturing and health
care are two areas we focus on, but
we also do a lot of church fi nancing.
A lot of banks shy away from that,
because they don't want to foreclose
on a church. But we have criteria
that help us feel comfortable with
lending to churches. And if we can't
take a church on, we'll guide them so
that they can become bankable. For
example, we know how much debt
per giving unit [church member] is
reasonable, and we'll share that with
the leadership of the church.
IB: What about ag lending?
Bauman: We do a lot of loans for corn
and soybeans and a fair amount of
dairy. We've had two situations where
a dairy farmer was near the end of his
career, and the kids wanted to move
back and help, but the farm couldn't
support all of them. We fi nanced
robotics so they could increase their
herd and milk three times a day
instead of twice. That allowed the farm
to support all of them.
-Ed Avis
Quick facts
» Bauman retired from EMT
service a decade ago but
has performed citizen
CPR fi ve times since then.
» He once used his scuba
skills to help recover an
airplane that had crashed
into a lake almost 50
years earlier.
PHOTO: STEVE WOIT

Independent Banker - April 2017

Table of Contents for the Digital Edition of Independent Banker - April 2017

Table of Contents
Independent Banker - April 2017 - Intro
Independent Banker - April 2017 - Cover1
Independent Banker - April 2017 - Cover2
Independent Banker - April 2017 - Table of Contents
Independent Banker - April 2017 - 2
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Independent Banker - April 2017 - Cover3
Independent Banker - April 2017 - Cover4
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