6 ©2024 The Nebraska Independent Community Bankers are proud to present The Nebraska Independent Banker as a benefit of membership in the association. No member dues were used in the publishing of this news magazine. All publishing costs were borne by advertising sales. Purchase of any products or services from paid advertisements within this magazine are the sole responsibility of the consumer. The statements and opinions expressed herein are those of the individual authors and do not necessarily represent the views of Nebraska Independent Community Bankers or its publisher, The newsLINK Group LLC. Any legal advice should be regarded as general information. It is strongly recommended that one contact an attorney for counsel regarding specific circumstances. Likewise, the appearance of advertisers does not constitute an endorsement of the products or services featured by The newsLINK Group LLC. The Nebraska Independent Banker is a collective work, and as such, some articles are submitted by authors who are independent of the Nebraska Independent Bankers Association. While the Nebraska Independent Banker encourages a first-print policy, in cases where this is not possible, every effort has been made to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprinted without prior written permission. For further information, please contact the publisher at (855) 747-4003. Nebraska Independent Community Bankers 1201 Lincoln Mall, Ste. 103 Lincoln, NE 68508 (402) 474-4662 nicbonline.com The Nebraska Independent Banker is a publication of The Nebraska Independent Community Bankers Association. Issue 6 • 2024 TAKE A LOOK INSIDE 14 20 NICB Executive Committee Chairman Rick Heckenlively Points West Community Bank Sidney Chairman Elect Dave Ochsner Commercial Bank Nelson Vice Chairman Jim Niemeier Citizens State Bank Friend President/CEO Dexter Schrodt Secretary Kelly Lenners First State Bank Nebraska Pickrell Treasurer Arnold Lowell CerescoBank Ceresco Immediate Past Chairman Corby Schweers Elkhorn Valley Bank Wayne 4 FLOURISH AI: The New Frontier By Rebeca Romero Rainey, President and CEO, ICBA 5 Banker Showcase 6 PORTFOLIO MANAGEMENT Bridging the Gap Rate Cuts Could Hit Your Margin, But There Are Steps You Can Take to Reduce the Pressure By Michael Benedict, Managing Director, Fixed Income Strategies, Stifel 10 A Growing Fraud Scheme Your Financial Institution Should be Aware of, and How to Protect Against Losses By Shelli Clarkston, Spencer Fane LLP 12 ICBA Live 14 Checking Your BSA Program Is More Important Than Ever By William J. Showalter, CRCM, CRP, Senior Consultant, Young & Associates Inc. 20 INNOVATION STATION Driving Strategy With AI as a Tool By Charles Potts, Executive Vice President and Chief Innovation Officer, ICBA 22 Fraud and Financial Crime By BHG Financial Institutional Network 27 NICB Endorsed Partners 27 Associate Members 2024
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