Independent Banker - July 2023 - 40

ICBA's
TOP
LENDERS
2023
to set their clients up for success.
For $237 million-asset Heartland
Bank, in Manson, Iowa, technological
advances and consolidation of
operations are changing the
complexity of farming.
" Farmers are essentially CEOs of
growing and complex operations, "
says John S. Rosenboom, executive
vice president. " Understanding how
they manage their operation, current
financials, break-evens and up-todate
cash flows are essential details
that lenders need to understand in
order to guide financial decisions that
will impact their bottom line. "
Heartland Bank's strategies also
include utilizing industry schools,
events, peer groups and webinars
to learn more about agriculture,
banking, and credit management.
" We invest in software for
underwriting credits and provide
in-depth information and trendlines
of farmers' operations to work with
them to achieve their goals, " says
Rosenboom. " At the end of the day,
we as banks all sell the same products
for similar prices. Customer service,
beneficial relationships and added
value are what differentiate our team. "
Strong relationship banking
One reason for Bath State Bank's
success in ag lending is that the bank
was built around ag lending, and its
commitment has never wavered.
" Our entire management team and
ag department have farming roots
and are still involved in some form
of production agriculture today, "
explains Logue. " We are bankers
who enjoy getting out and visiting
the operations and seeing how
different producers operate, and
building genuine relationships with
our customers. "
The team at Heartland Bank
spends a lot of their time visiting
the farms and learning everything
possible about the operations they
Heartland Bank's ag lending team.
Top, from left: Austin Nerhus,
Kevin Black, John S. Rosenboom
and Braden Moser. Bottom, from
left: Randy Besch, Steve Tucker,
Tommy Halligan. Not pictured:
Scott Weber and Jared Taggart.
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Bank name
Agriculture: Less than $300M in assets
City
Lusk State Bank
Rolette State Bank
Farmers Trust and Savings Bank
Bath State Bank
Anchor State Bank
Bank of Gibson City
First Security Bank
First Community Bank
Iowa State Bank and Trust Company
Lamont Bank of St. John
Heartland State Bank
State Bank Northwest
Peoples State Bank of Velva
Grant County State Bank
State Bank of Jeffers
The First State Bank
Heartland Bank
Farmers National Bank of Griggsville
Iroquois Farmers State Bank
The First National Bank Of Hereford
Lusk
Rolette
Williamsburg
Bath
Anchor
Gibson City
Mackinaw
Beemer
Fairfield
Saint John
Redfield
Spokane Valley
Velva
Carson
Jeffers
Abernathy
Gowrie
Griggsville
Iroquois
Hereford
State
WY
ND
IA
IN
IL
IL
IL
NE
IA
WA
SD
WA
ND
ND
MN
TX
IA
IL
IL
TX
Ag lender score
95.5
93.7
93.7
93.6
93.5
93.5
93.4
93.2
92.8
92.3
92.2
92.1
92.0
91.9
91.9
91.7
91.6
91.4
91.1
90.9
40 // ICBA Independent Banker // July 2023
Independent Banker - July 2023

Table of Contents for the Digital Edition of Independent Banker - July 2023
