Greetings from Madison, Wisconsin!
We are delighted to present our 2024 Annual Report. Reflecting on the past year, I often describe 2024 as “okay” — not exceptional, but not terrible either. Like many community banks, we faced significant challenges with Net Interest Margin pressure. Our business model has always been, and likely will remain, liability sensitive. Throughout the first nine months of 2024, we closely monitored the Fed Funds Rate, anticipating a rate cut. In September, the Fed reduced rates by 50 basis points, followed by two additional 25 basis point cuts by year-end. Consequently, our best-performing quarter was the fourth. You can find our financial performance metrics on page 2.
Looking ahead to 2025, we expect the Fed Funds Rate to remain stable. While my track record in predicting Fed Funds Rates isn’t perfect, our 2025 Budget reflects a consensus that rates could either decrease or increase. Inflation remains persistently high, and the job market appears to be softening. In this stable rate environment, we are optimistic about continued improvement in our Net Interest Margin and earnings in 2025.
I encourage you to consider Bankers’ Bank’s robust solutions for Subordinated Debt repricing in 2025 or future sub-debt issuance. Our competitively priced Subordinated Debt, Senior Term, and Revolving Lines of Credit offer excellent alternatives for community banks.
Additionally, I invite you to explore our Risk Insights product. This Enterprise Risk Management tool is an effective way for banks to evaluate risk across the entire organization. We not only offer this product to our customers but also use it at Bankers’ Bank. For more information or to schedule a demo, please contact any of us at Bankers’ Bank.
We are fortunate to have an outstanding Board of Directors representing our shareholders. I want to extend special thanks to Tim Purman, President and CEO of Forte Bank, Hartford, WI, who has served as a Director for the past nine years and as our Chairman of the Board for the last two years. On behalf of the entire Board and Bank, we thank Tim for his service as Director. I want to express my personal appreciation for Tim’s guidance and governance during his tenure.
Your financial support is critical and greatly appreciated. We are grateful for your investment and look forward to continuing to provide you with state-of-the-art products, services, and financial returns.
Brad Stamper
President & CEO
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Annual Meeting Notice
The Annual Meeting of the Shareholders of Bankers’ Bancorporation, Inc. will be held on Thursday, April 24, 2025, beginning at 10:00 a.m. CST. The meeting will be held at the offices of the Corporation, 7700 Mineral Point Road, Madison, WI 53717. Copies of the meeting notice and proxy statements will be sent to all shareholders of record as of March 25, 2025.
To ensure a quorum for the meeting and that your vote is counted, the Company encourages shareholders to complete and return their proxies by mail or email (shareholderservices@bankersbank.com) by following the instructions contained within the proxy materials.
Bankers’ Bancorporation, Inc. is a registered bank holding company. Bankers’ Bank is the sole banking subsidiary and a member of the Federal Reserve System; deposits are insured by the FDIC.