12 Hoosier Banker October 2014 CONVENTION COVERAGE Annual Convention address by: DaviD W. Heeter MutualBank, Muncie IBA Chairman 2014 Recap of 2014: A Year of Success Welcome to the 2014 Annual Convention of the Indiana Bankers Association. As your 2014 board chairman, I would like to update you on the Association. Membership continues to decline. as the industry continues to consolidate. When the announced mergers are completed, IBA membership will include all of the 119 Indiana headquartered banks and thrifts, 20 out-of-state headquartered banks, and four trust companies for a total financial member count of 143. There are also 170 associate members who are an important part of our family. The Association continues to be financially strong, with about $5.2 million in cash and investments and a net worth of around $6 million. IBA has no debt. This places IBA among the most financially secure of all of the state bank trade associations in the country and is the result of entrepreneurial pursuits. In 2013 IBA had a net profit of $1,264,783, of which $1,053,088 was from our efforts in New Markets Tax Credit financing. The actual net operating profit excluding this transaction was $211,695. Our audit firm, CliftonLarsonAllen, has issued a clean audit report. Legislatively, the IBA had another excellent year, with the passage of another Financial Institutions Tax reduction that will decrease the rate to 4.9 percent in 2022. In addition IBA has established a working group to study and determine a strategy to simplify the mortgage foreclosure process. Indiana has one of the longest foreclosure processes in the country, and it is time we delved into changing that. These successes and initiatives are the result of hard work by Amber Van Til, Dax Denton and Josh Myers. Educationally, Laurie Rees and her team have initiated two new forums and two leadership building programs that all have met with great success. The Senior Retail Banking Forum and the Risk Management Forum joined our other successful forums, and nearly all of them sell out each year. Last fall we graduated our first Leadership Development Program class. The feedback from both participants and the CEOs they work for was overwhelmingly positive. We are now about to graduate the second class, and it is equally successful. Also last fall, we held our first Future Leadership Conference – Bridging Bankers, Building Leaders – which was attended by over 50 young bankers. We have another scheduled for Oct. 29 and 30, and the numbers are looking very good for it. Earlier this year we hosted the Mega Conference and, even with continued consolidation of the industry, our attendance was 1,222. We also sold 88 booth spaces, which is a record. The only bad news at Mega was that the golf outing was rained out! But all in all, it was another successful offering led by Chris Bennett and Susan Clark. Technologically, IBA converted to a new data base management software system, replacing the 30-year-old prior system. At the same time, the IBA website was completely updated. Later in the year we, changed from the Cap Wiz system of legislative advocacy to Voter Voice. Voter Voice About the Chairman-Elect David W. Heeter, 2014 chairman of the Indiana Bankers Association, is chief executive officer and director of MutualBank, Muncie. He also serves as CEO, president and director of MutualFirst Financial Inc. Heeter joined MutualBank in 1978 and has served in multiple positions, including vice president and executive vice president/chief operating officer, before being named to his current titles in 2003. He is vice president of the MutualBank Charitable Foundation Inc. He also is a member of the IU Health Ball Memorial Physicians Board, the Community Foundation of Muncie and the Delaware County finance advisory board. A former member of the Federal Reserve Bank of Chicago Community Depository Institution Advisory Council, Heeter has past leadership experience with the Ball State University College of Business alumni board, Muncie Delaware County Chamber of Commerce, United Way and Muncie Family YMCA. Additionally he is a member of the IBA Government Relations Committee and served as a past northeast region director of the IBA board. Heeter is a graduate of Ball State University and of the Graduate School of Banking at the University of Wisconsin. He has been named a Sagamore of the Wabash by Gov. Mike Pence.
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