Independent Banker - July 2018 - 49

sit down with the farmers to evaluate
their income, expenses, existing debt
and other factors affecting their ability
to take on more debt.
They ask them, " If you have this
much income and this much expense,
how much more do you have to
make payments? " Gerhart says. " It
gets a little complicated from time
to time when they go to a machinery
dealer and they finance them.
Everyone thinks they can take care
of their debt. "
Crop and livestock diversity fuels
the success of borrowers of Bank
of Lindsay, says president Daniel
Korus, and that diversity in turn keeps
the bank healthy. " That [diversity]
helps the success of the farmers
in the area. They've been able to
consistently make money, compared
to an enterprise that's strictly focused
on livestock or grain. "
Bank of Lindsay is located
southeast of Newman Grove, is the
third-ranked bank in the category and
has $70 million in assets. Its longevity
with its customers is also key to its
success. " We're in it for the long haul
with our customers, " Korus says.
" We're with them through good times
and bad times. "
First State Bank in Randolph,
Neb., which has $63 million in assets,
is the seventh-ranked bank in the
sector. Bank president Mark Linville
attributes his bank's success to longserving
employees.
" It's all about our people, " Linville
says. " I think every bank thinks that,
but our lending staff and some on
the support side have been here for
decades. And I allow our lenders to
make decisions. " Paying staff aboveaverage
wages has, he adds, " been a
good return on investment for us. "
Ed Avis is a writer in Illinois.
First Bank and Trust of
Fullerton
Based: Fullerton, Neb.
Agriculture loans to
total assets: 67.36%
Assets: $82 million
Rank in category: 12
President and CEO: Kurt Pickrel
Founded: 1881
Bank of Newman Grove
Based: Newman Grove, Neb.
Agriculture loans to
total assets: 68.74%
Assets: $32 million
Rank in category: 8
President and CEO:
Jeffrey Gerhart
Founded: 1891
Bank of Lindsay
Based: Lindsay, Neb.
Agriculture loans to
total assets: 74.07%
Assets: $70 million
Rank in category: 3
President and CEO:
Daniel Korus
Founded: 1953
First State Bank
Based: Randolph, Neb.
Agriculture loans to
total assets: 69.37%
Assets: $63 million
Rank in category: 7
President and CEO:
Mark Linville
Founded: 1935
Agriculture: $1 billion or more
Rank
Bank name
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
United Bank of Iowa
Investors Community Bank
Dacotah Bank
First Farmers Bank and Trust Company
Choice Financial Group
BankWest, Inc.
Pinnacle Bank
The First National Bank in Sioux Falls
First Citizens Bank
The Bank of Commerce
Stockman Bank of Montana
First Citizens Community Bank
First National Bank
First State Bank
Great Western Bank
Lincoln Savings Bank
Amarillo National Bank
The Ephrata National Bank
American Bank Center
D. L. Evans Bank
City
Ida Grove
Manitowoc
Aberdeen
Converse
Fargo
Pierre
Lincoln
Sioux Falls
Mason City
Ammon
Miles City
Mansfield
Paragould
Mendota
Sioux Falls
Cedar Falls
Amarillo
Ephrata
Dickinson
Burley
State
IA
WI
SD
IN
ND
SD
NE
SD
IA
ID
MT
PA
AR
IL
SD
IA
TX
PA
ND
ID
Agriculture loans
to assets ratio
57.27%
49.43%
37.61%
37.21%
35.41%
32.34%
23.57%
23.01%
22.52%
22.34%
21.13%
20.68%
20.27%
19.31%
18.42%
18.12%
17.66%
16.53%
16.22%
16.03%
independentbanker.org Q 49
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Independent Banker - July 2018

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