March 27, 2020

Dear Shareholders & Friends,

We’re pleased to present the 2019 Annual Report. In 2019, all lines of business saw increases in the number of banks we serve and correspondingly, the financial results reflected those gains. In all four states we operate in, Wisconsin, Iowa, Illinois and Indiana, we gained new bank customers as well as increased sales of new services to existing customers. We appreciate your business and confidence to allow us to provide you with our correspondent services.

Total Assets grew 14.5% for the year to end at $828 million. Net Loans and Leases increased 12.4%. Margin income rose 23.3% and Non Margin Income increased 16.4%. Total net income was $7.6 million which represents an increase of 35.86%. As of December 31, 2019, the Book Value per Share was $4,459 or an increase of 8.3%. Capital levels remained strong with Tier One Leverage Ratio of 10.22% and Risk Based Capital Ratio of 15.69%.

As I’ve said many times, Bankers’ Bank remains committed to meeting with our customers “as often as you’ll let us!” We find these visits extremely beneficial for us to learn the opportunities and challenges happening in community banking so we can continue to tailor our products and services to serve you best. In 2019, across our four state market, we achieved 3,387 bank visits. Thank you for allowing us the opportunity to visit with you and we look forward to seeing you in 2020!

In the fall of 2017, senior management and the Board of Directors completed the 2018-2020 Bankers’ Bank Strategic Plan. This plan articulated the roadmap for our three year growth plan. As we enter into the last year of this plan, it has proven to be an extremely valuable document. We believe that disciplined innovation in a consolidating environment without compromising performance or mission is the major tenet of our strategic plan. I plan to provide an update on our “Strategic Plan Journey” at the Bankers’ Bank Strategic Forum on June 9th held in Madison, WI. By now you’ve received a “Save the Date” communication and I hope you’re able to join us in June.

We also have two Directors that are terming off our Board in April. Steve Eager, Market President for State Bank of Cross Plains, Evansville, WI and Brian Meyer, Market President and Chief Credit Officer for Northeast Security Bank, Independence, IA complete their terms this year. On behalf of the entire bank, as well as personally, I want to thank Brian and Steve for their support and governance during their terms on our board.

On behalf of our entire team, thank you for your support and the opportunity to serve you. I look forward to seeing you in 2020.

Bradlee F. 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 23, 2020, beginning at 10:00 a.m. 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 24, 2020.

In light of the ongoing health concerns relating to the COVID-19 coronavirus pandemic and to best protect the health and welfare of the Company’s employees, shareholders and community, as well as the Wisconsin Governor’s restrictions on public gatherings,  the Company urges that shareholders DO NOT SEND REPRESENTATIVES TO ATTEND the Annual Meeting in person this year.  Shareholders are nevertheless urged to vote their proxies by mail or email ( by following the instructions contained in 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.