Independent Banker - December 2024 - 33
We ... allow
employees to try
new things and
fail without fear.
Mistakes can be
fi xed, but employees
need to feel trusted
and protected. "
-DICK ANDERSON,
ANDERSON STATE BANK
Anderson State Bank provides
an employee benefi ts package
that's practically unheard of for a
community bank of its size. The
bank pays 100% of employees'
health, vision, dental LTD and life
insurance premiums and charges $1
for family coverage per pay period.
All employees, including part-timers,
receive an annual bonus equal to
one-and-a-half months' salary,
regardless of the bank's profi tability.
The community bank also
contributes a percentage of all
employees' compensation into a
profi t-sharing plan and matching
401(k) plan at the end of each
year. " The bank also looks out for
our futures with their generous
retirement plan, " one employee
wrote in the survey.
" Our fathers and grandfathers
laid the foundation for off ering
generous employee benefi ts, "
says Anderson. " We have a lean
team, and everybody works hard,
but we also have a lot of fun.
We're always looking for ways to
celebrate success. "
Don Sadler is a writer in Georgia.
Clockwise, from top left: Part-time teller Barbara Johnson; from left: COO and president Dick
Anderson, VP of operations Kaylyn Peterson, and chairman and CEO Bill Anderson with chief pup
off icer Allie; Kemie Truelove (left), part-time teller, and Peterson greet customers; the front-off ice
staff includes (from left) cashier and safe deposit manager Jean Ann Erickson and part-time tellers
Truelove, Johnson and Linda Ekstedt; Peterson (center) chats with VP of IT and lending and IT security
off icer Cody Appell (left) and VP, controller and assistant cashier Haleigh McLean (right).
3 culture-building tips
from Anderson State Bank
1. Pay high-performing employees well. " You have to compensate
employees well and reward them, " says Dick Anderson, president
and COO of Anderson State Bank. The community bank monitors
compensation trends to make sure its total package is in line with
or exceeds those of similarly sized banks in similar markets.
2. Ensure employees are challenged. " If they have initiative, our
employees can advance as far as they aspire to, " Anderson says,
noting that a former chairman and a former vice president joined
the bank right out of high school and rose up through the ranks.
3. Make the workplace fun. " Employees who are having fun
together provide better customer service, which results in better
performance for the bank, " says Anderson.
Photos: By Katelyn Turner
independentbanker.org // 33/
http://www.independentbanker.org
Independent Banker - December 2024
Table of Contents for the Digital Edition of Independent Banker - December 2024
Contents
Independent Banker - December 2024 - Cover1
Independent Banker - December 2024 - Cover2
Independent Banker - December 2024 - Contents
Independent Banker - December 2024 - 2
Independent Banker - December 2024 - 3
Independent Banker - December 2024 - 4
Independent Banker - December 2024 - 5
Independent Banker - December 2024 - 6
Independent Banker - December 2024 - 7
Independent Banker - December 2024 - 8
Independent Banker - December 2024 - 9
Independent Banker - December 2024 - 10
Independent Banker - December 2024 - 11
Independent Banker - December 2024 - 12
Independent Banker - December 2024 - 13
Independent Banker - December 2024 - 14
Independent Banker - December 2024 - 15
Independent Banker - December 2024 - 16
Independent Banker - December 2024 - 17
Independent Banker - December 2024 - 18
Independent Banker - December 2024 - 19
Independent Banker - December 2024 - 20
Independent Banker - December 2024 - 21
Independent Banker - December 2024 - 22
Independent Banker - December 2024 - 23
Independent Banker - December 2024 - 24
Independent Banker - December 2024 - FIS1
Independent Banker - December 2024 - FIS2
Independent Banker - December 2024 - FIS3
Independent Banker - December 2024 - FIS4
Independent Banker - December 2024 - 25
Independent Banker - December 2024 - 26
Independent Banker - December 2024 - 27
Independent Banker - December 2024 - 28
Independent Banker - December 2024 - 29
Independent Banker - December 2024 - 30
Independent Banker - December 2024 - 31
Independent Banker - December 2024 - 32
Independent Banker - December 2024 - 33
Independent Banker - December 2024 - 34
Independent Banker - December 2024 - 35
Independent Banker - December 2024 - 36
Independent Banker - December 2024 - 37
Independent Banker - December 2024 - 38
Independent Banker - December 2024 - 39
Independent Banker - December 2024 - 40
Independent Banker - December 2024 - 41
Independent Banker - December 2024 - 42
Independent Banker - December 2024 - 43
Independent Banker - December 2024 - 44
Independent Banker - December 2024 - 45
Independent Banker - December 2024 - 46
Independent Banker - December 2024 - 47
Independent Banker - December 2024 - 48
Independent Banker - December 2024 - 49
Independent Banker - December 2024 - 50
Independent Banker - December 2024 - 51
Independent Banker - December 2024 - 52
Independent Banker - December 2024 - 53
Independent Banker - December 2024 - 54
Independent Banker - December 2024 - 55
Independent Banker - December 2024 - 56
Independent Banker - December 2024 - 57
Independent Banker - December 2024 - 58
Independent Banker - December 2024 - 59
Independent Banker - December 2024 - 60
Independent Banker - December 2024 - 61
Independent Banker - December 2024 - 62
Independent Banker - December 2024 - 63
Independent Banker - December 2024 - 64
Independent Banker - December 2024 - 65
Independent Banker - December 2024 - 66
Independent Banker - December 2024 - 67
Independent Banker - December 2024 - 68
Independent Banker - December 2024 - Cover3
Independent Banker - December 2024 - Cover4
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