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2020 Vol. 104 No. 5

HB HOOSIER BANKER MAGAZINE indiana.bank PLUS! New to BANKPAC for 2020 SEPTEMBER / OCTOBER 2020

*The Baker Group LP is the sole authorized distributor for the products and services developed and provided by The Baker Group Software Solutions, Inc. Oklahoma City, OK | Atlanta, GA Austin, TX | Indianapolis, IN | Long Island, NY Salt Lake City, UT | Springfield, IL Ryan@GoBaker.com www.GoBaker.com 800.937.2257 Member: FINRA and SIPC The Baker Group Is Here to Help As American financial institutions—along with the rest of the world—face unprecedented times, The Baker Group is ready with tools and services to help maximize the performance of your institution. That’s why we’re offering new clients our Software Solutions* service package for a six-month free trial. Not only will you have access to our latest market research and insight from our Financial Strategies Group, you’ll be included in all of our webinars. There you’ll hear the latest on how COVID-19 could impact your institution and its investment portfolio. Baker’s Software Solutions Service Package Includes: Asset/Liability Analysis – Interest Rate Risk Monitor (IRRM®) Your management team will find that The Baker Group’s quarterly review of the loan and deposit information outlined in the Interest Rate Risk Monitor and Asset Liability Analysis is an effective tool in managing your risk and performance. Baker Bond Accounting® (BBA) The Baker Group will provide you with accurate, easy-toread reports delivered electronically to you each month. Investment Analysis – Advanced Portfolio Monitor (APM®) The Advanced Portfolio Monitor is a key monthly report that we utilize to help you measure, monitor, and manage the overall risk and performance of your investments. To obtain the resources you need to maximize the performance of your bank, contact Ryan Hayhurst with our Financial Strategies Group at 800.937.2257, or via email at Ryan@GoBaker.com.

Spry The Baker Group United Bankers' Bank Voluforms Executive Benefits Network Promontory Interfinancial Network LLC SHAZAM Inc. BITS BKD CPAs & Advisors Check Printing Contract Consulting CLA The Indiana Bankers Association is excited to recognize and thank the following associate members for their generous contributions and willingness to be Industry Makers Pledging Assistance, Cooperation & Togetherness (IMPACT). These IMPACT Players have contributed unused sponsorship dollars to the IBA for the remainder of 2020 to further its efforts to support banks during these unprecedented times. Please join the IBA in thanking them for the tremendous IMPACT they are making in the Indiana banking community. Thank You

DIRECTORS & STAFF HOOSIER BANKER MAGAZINE indiana.bank IBA BOARD OF DIRECTORS Officers Lucas White, Chairman ....................................................The Fountain Trust Company, Covington Michael S. Zahn, First Vice Chairman ..................................First Federal Savings Bank, Huntington Garry D. Kleer, Second Vice Chairman ...........................................................First Bank Richmond Andrew J. Briggs, Immediate Past Chairman .........Farmers & Merchants State Bank, Archbold, Ohio Amber R. Van Til, President and CEO .............................Indiana Bankers Association, Indianapolis Constituent Directors Michael K. Bauer, ABA Membership Council ...................................WesBanco Bank, Wheeling, WV Michael H. Head, ICBA State Director ...................................First Federal Savings Bank, Evansville Tim Massey, Non-Indiana Headquartered Bank Director ...........................BMO Harris Bank, Chicago Melodie K. Yarnell, Future Leadership Division President .................Jackson County Bank, Seymour Regional and At-Large Directors Benjamin J. Bochnowski, North Region .....................................................Peoples Bank, Munster Joseph D. Carlson, North Region ...........................................Community State Bank, Royal Center Arden L. Cramer, At-Large ....................................................................Logansport Savings Bank Jeffrey W. Gump, North Region ............................................Farmers and Merchants Bank, Laotto Gregory Inman, South Region ........................................Scottsburg Building and Loan Association John M. Kennedy, South Region ....................................................... Greenfield Banking Company Michael C. Rechin, At-Large ............................................................First Merchants Bank, Muncie Jamie R. Shinabarger, South Region .........................Springs Valley Bank & Trust Company, Jasper IBA FUTURE LEADERSHIP DIVISION ADVISORY BOARD Melodie K. Yarnell, President .......................................................Jackson County Bank, Seymour Emily Boardman, Vice President ...........................................................Crossroads Bank, Wabash Greg Barnes Jr. ...................................................................................... STAR Bank, Fort Wayne Scott Carr ................................................................................First Savings Bank, Jeffersonville Jessica Carroll ..................................................... The New Washington State Bank, Charlestown Michael J. Clampitt ................................................................................North Salem State Bank Jason L. Ernst .....................................................................................Terre Haute Savings Bank Gavin Fisher ............................................................... Community First Bank of Indiana, Kokomo Nashelle Frazier .............................................................................Old National Bank, Evansville Brock C. Goggins .......................................................................German American Bank, Jasper Kyle Goodwin .............................................................................................. DeMotte State Bank Ryan Hart ...............................................................................................Lake City Bank, Warsaw Zach Hockersmith ..................................................Hoosier Heartland State Bank, Crawfordsville Amanda Morris-Feldman ...................................................First Federal Savings Bank, Rochester Jon-Myckle D. Price ...................................................Security Federal Savings Bank, Logansport Billy Winter ..................................................................................Bippus State Bank, Huntington IBA STAFF Amber R. Van Til ........................................................................................... President and CEO Paul W. Freeman, CAE .......................................................................... Executive Vice President Rod Lasley ............................................ Executive Vice President-Operations & Member Services Dax Denton ............................................................Senior Vice President - Government Relations Eric J. Augustus ...............................................................Vice President - Government Relations Christina M. Bennett, CMP ....................................................Vice President - Meetings & Events Laurie A. Rees ...................................................................Vice President - Education & Training Laura Wilson ........................................................................... Vice President - Communications Josh Myers ........................................................Assistant Vice President - Member Engagement Emily Brooks ..............................................................................Member Engagement Specialist Lizzie Ketzenberger .............................................Executive & Government Relations Coordinator Susan Clark ......................................................................Events & Products/Services Assistant Marcy Borden, CMP ....................................................................Education Meeting Coordinator Elizabeth DeHaven ......................................................................Education Meeting Coordinator Timothy Fry .....................................................................................................Staff Accountant Tracy Kubly ................................................................................................Technology Manager MISSION: To advocate for and sustain an environment in which banks can succeed. VISION: To provide exemplary service to members as the premier state bank trade association in the country. VALUES: In fulfilling our mission, we will: n Maintain the highest ethics, integrity and respect for others; n Serve with professionalism, innovation and resourcefulness; n Instill passion, positive attitude and enthusiasm; n Remain mindful that the success of the IBA is judged by the success of its members. Publisher: Amber R. Van Til Editor: Laura Wilson Advertising: Rod Lasley Design/Print: The Westcott Group Inc. Submissions: HB@indiana.bank Advertising: Media kits are available at indiana.bank. Advertising is reserved for members and associate members of the Indiana Bankers Association. Deadlines: Editorial and ad space reservations are due the first of the month preceding publication. Subscriptions: Subscriptions are provided free of charge to members and associate members of the Indiana Bankers Association. About: The flagship publication of the Indiana Bankers Association, Hoosier Banker is distributed to all banks and thrifts headquartered in Indiana, IBA- member banks headquartered out-of-state and IBA associate members. Publication Disclaimer Hoosier Banker (ISSN 0018 473X) is published bimonthly by the IBA Service Corp., a subsidiary of IBA Holding Company Inc., that is a wholly owned subsidiary of the Indiana Bankers Association. Material published in Hoosier Banker and on the IBA website is the property of the IBA. All rights reserved. Contact IBA Email IBA staff using first name initial and last name, plus “@indiana.bank” – example: jdoe@indiana.bank Indiana Bankers Association 8425 Woodfield Crossing Blvd., Suite 155E Indianapolis IN 46240-7321 317-387-9380 Vol. 104 No. 5

Hoosier Banker 5 CONTENTS 10 COVER STORY Presenting C2C Award Nominations 18 ARTICLE SPOTLIGHT New to BANKPAC for 2020 Dax Denton and Eric Augustus, IBA FEATURES 6 Vantage Viewpoint Amber R. Van Til, IBA 7 Chairman’s Report Lucas White, The Fountain Trust Company 9 IBA Calendar of Events 40 Community Bankers Connect Rebeca Romero Rainey, ICBA 42 Running Toward the Challenge Robert S. Nichols, ABA 44 State Deposits in Indiana Financial Institutions FINANCIAL MANAGEMENT 20 Sticking to Your Strategy Dale Sheller, The Baker Group AG BANKING 22 Farmer Sentiment Improves Brady Brewer, Purdue University INDIANA BANK & THRIFT STOCK UPDATE 24 Stock Analysis Michael A. Renninger, Renninger & Associates LLC COMPLIANCE CONNECTION 26 Permissible Overdraft Fees Brett J. Ashton, Krieg DeVault LLP PSP SHOWCASE 28 Insurance Options Tailored to Banks Chuck Maggard and Brandon Maggard, IBA Insurance Solutions PRODUCTS & SERVICES PROFILE 30 COVID-19 and Bank Liquidity Rod Lasley, IBA HUMAN RESOURCES 32 Bostock Landmark Decision Debra A. Mastrian, SmithAmundsen LLC 36 Retirement Plan and Healthcare Relief Jen Bassett, Ascensus DIRECTORS / SENIOR MANAGEMENT 38 Navigating Uncertainty Sean C. Payant, Haberfeld CLOSING NOTE 54 Videos Tell the Story of Bank Community Service DEPARTMENTS 21 Staff Celebration 21 Taking It Easy 23 Banking Center News 25 From the Board Room 25 In Memory of 27 Honorable Mentions 35 Banking on Community 46 Associate Members’ Corner 48 Bankers on the Move 53 Advertisers Index 10 18 28 In This Issue Showcasing Bank Community Service in 2019 Options Tailored to Banks

6 SEPTEMBER / OCTOBER 2020 In this issue of Hoosier Banker, we celebrate the Indiana banking community for its work in helping to build better communities. Our cover story shines a spotlight on the 25 banks that submitted nominations for the IBA C2C (Commitment to Community) Awards. The Indiana Bankers Association created the annual C2C Awards, now in their second year, to raise public awareness of banks’ community service. When you read through the cover article, notice how all of the banks have their own unique stories to tell in supporting the communities they serve. We will be circulating these stories through IBA social media. Keep in mind that these stories reflect only those banks that submitted nominations for the C2C Award. The bigger picture is that all Indiana banks dedicate time, attention and resources to helping their communities. What we present in this magazine is a snapshot of bank community service, not a panoramic view. To find out the outcome of the C2C contest, please register for the upcoming virtual “Mega Convention,” a hybrid of the Mega Conference and Annual Convention. We will show a video featuring the three finalists in each of the two asset size categories and then announce the winners. Thank you to all of the banks that submitted nominations for the C2C Awards, and congratulations for making a mark in your communities. In that sense, you are all winners, making your communities better places to live, work and play. Regarding the virtual format of the Mega Convention, your IBA team is hard at work to make it a blockbuster event. While we prefer to greet you in person, we’re encouraged by our experience to date with online meetings. Recently, we wrapped up the IBA Annual Washington Trip, as detailed by Chairman White on the facing page. For the virtual DC trip, we had uninterrupted time with regulators, lawmakers and ABA/ICBA representatives. Indiana was the first in a queue of bank trade groups lined up to “meet” virtually in DC, so we had the benefit of conducting the trip as a standalone state, rather than grouped with others. You can read about topics discussed in the calls in the Chairman’s Report, but I’d like to add two side notes. First, throughout the calls there was a unifying sense that we truly are all in this pandemic situation together. We share a goal while navigating through the COVID-19 crisis to weather this storm and reach a place of safety, bringing others to safety with us. The other takeaway from the calls is that your good deeds have not gone unnoticed. Your efforts to provide financial service assistance throughout the crisis have been admired all the way to the nation’s capital. We heard much praise on the DC trip calls from lawmakers and regulators alike for the good work of bankers in helping to keep communities afloat. VANTAGE VIEWPOINT Don’t Miss Out! From an economic perspective, many businesses in Indiana have fared fairly well, though some industries have been significantly impacted, particularly retail and tourism. We’re encouraged to see some promising signs of comeback within our state, however. Throughout the pandemic, there have been many heroes, bankers included. One example would be the long hours your teams put in to process Small Business Administration Paycheck Protection Program loan applications. Your efforts made a difference, with the banks of Indiana helping to process applications totaling nearly $10 billion in support to small businesses. It’s our privilege to continue to serve you through all of these circumstances, just as you continue to serve your customers. We have some exciting events and educational opportunities lined up for you, as shown in the Don’t Miss Out box below and in the calendar on page 9. For your safety and peace of mind, for now these offerings will be presented in virtual format. In the meantime, we miss your company and look forward to seeing you again in person when the timing is right. In closing, I'd like to share with you that I was asked by a business reporter about the Paycheck Protection Program, and why Indiana did so well in bringing in PPP dollars. I simply explained: “Indiana bankers are the best in the business!” HB Amber R. Van Til President and CEO Indiana Bankers Association avantil@indiana.bank @grbanker Cybersecurity Conference Oct. 1-2 Learn from industry experts to heighten awareness of cyber issues and trends. Banking on Women Conference Oct. 22-23 Women in banking gather to unlock potential and own the future. Mega Convention – New for 2020 Nov. 16-18 This year the IBA is combining the Mega Conference with the Annual Convention. Note that these events are being held virtually. For event updates, visit: indiana.bank/calendar

Hoosier Banker 7 The Indiana Bankers Association is still going full steam ahead, despite the ongoing pandemic. The IBA has successfully transitioned to a virtual environment and recently hosted the FLD Leadership Conference online. Upcoming events likewise will take place virtually, such as the Banking on Women Conference and the combined Mega Conference/Annual Convention. The government relations team also is charging ahead and recently concluded this year’s IBA Annual Washington Trip. The virtual “trip” consisted of Zoom conversations with regulators, legislators and representatives of the national bank trade associations. Much of the discussion served as a reminder that we as bankers need to remain engaged with policymakers, even in these unpredictable times. Some of the topics we discussed have been around for a few years, such as cannabis banking, Farm Credit overreach and the industrial loan company loophole. We also talked about the need for a streamlined forgiveness process for Paycheck Protection Program loans of $150,000 and less. Additionally, we addressed the growing trend of credit union acquisitions of community banks, and the harmful effects of these sales on tax rolls and the community banking industry. Some of the legislators were unaware of the plethora of credit union acquisitions and thus were surprised to learn that, this year in Indiana, the number of credit union acquisitions of banks has exceeded the number of bank acquisitions of banks. On the DC trip calls, when we brought up the topic of credit unions, the legislators typically assumed that we would talk about the same credit union issues that have been problematic for years. The recent calls gave us the opportunity, then, to discuss this new issue of the proliferation of credit union purchases of banks. We also had the chance to explain that banks do not have a realistic, reciprocal option to purchase credit unions, due to formidable barriers imposed by the National Credit Union Administration. Looking ahead to the post-pandemic future, the Washington calls allowed us to express concern about the potential of sweeping legislation or regulation to be enacted in response to isolated abuses of stimulus programs. Undoubtedly some issues will come to light, given the size, scope and speed of the stimulus efforts, but we as bankers know from Dodd-Frank and other crises that overreaction can result in unintended consequences. A final note about the virtual Washington trip: I was pleased to see several new banker faces on the calls. As I travel about Indiana visiting with banks, I always talk about the trip with bankers who have not participated. Some of those banks had people on this year’s trip for the first time. My hope is that next year these new participants will travel to DC to gain the full, in-person experience. As the number of banks in Indiana continues to decline, it is critically important for all banks to be involved in the IBA. We have a strong Association in Indiana, and the IBA is admired across the country for its strength and quality. Member participation is key, and the Washington trip is a main component of our advocacy. For now my travels around the state are winding down, and I hope to complete all bank visits by mid-September. It has been a wonderful experience, and I appreciate all of our banks’ opening their doors to me. Sometimes they literally had to unlock their doors to let me in! I have learned a tremendous amount about the banks in Indiana, including that our member banks are much more diverse than I realized. No two banks are alike. There are differences in ownership, target lines of business and customers, and growth strategies. Each Indiana bank is unique, yet our many similarities unite us. That’s why it’s so important, especially in these trying times, to stay connected through the IBA. HB CHAIRMAN’S REPORT Home Bank • @HomeBank_1890 • Aug. 7 It was an honor to gather together with a number of great companies and individuals to sponsor North Madison Elementary’s “Project Playground!” @MrsvlPioneers #GatherGrowGive #makelivesbetter First Savings Bank • @fsbindiana • June 30 VP/Director of Treasury Management, Dana Juliot, presented a check to Clarksville Schools. We love supporting our youth! Springs Valley Bank & Trust • @SpringsValleyBT • June 26 Today, Springs Valley donated $100 to Crossroads Baptist Church in Oakland City to use towards their upcoming Community Baby Shower. Hoosier Heartland State Bank • @myHHSB • June 22 When Glow Girl Esthetics reached out to us with this unique idea to help local healthcare heroes, we were all in! We’re happy our donation could help provide 40 #skincarekits to essential workers at Franciscan Health C’ville. #communitybank #hhsbgivesback #facesonthefrontline Community First Bank of Indiana • @CFBIndiana • May 29 We are excited to announce our initiative to support every Hoosier nonprofit organization that has entrusted our bank to process their Small Business Administration (SBA) Paycheck Protection Program (PPP) Loan. Read the press release here: https://www.cfbindiana. Follow IBA Twitter @indianabankers NOTABLE QUOTES Bank Community Service on Twitter Lucas White Chairman Indiana Bankers Association President The Fountain Trust Company, Covington @LucasNWhite

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Hoosier Banker 9 View full calendar and register online at indiana.bank/calendar, or click on the icons above in HB Digital. IBA Center for Professional Development | 8425 Woodfield Crossing Blvd., Suite 155E | Indianapolis, IN 46240 | 317-387-9380 ONLINE Build knowledge via webinars or on-demand. CLASSROOM Learn with peers in a classroom setting. SCHOOLS Deepen understanding through multi-day learning. EVENTS Experience a variety of IBA gatherings. CONFERENCES Convene and connect at signature IBA events. Calendar of Events CALENDAR UPDATE Senior Retail Forum Sept. 9 Treasury Management: A Powerful Tool to Increase Deposits and Fee Income Sept. 9 BSA Officer Forum Sept. 10 Advanced Credit Analyst School Sept. 16-17 TRID Refresh Sept. 16-17 Mortgage Lending School Sept. 22-24 Consumer Lending School Sept. 29-30 Cybersecurity Conference Oct. 1-2 IRA School Oct. 5-6 CBC Compliance School - Regulation Z University Oct. 7-8 Senior Lender Forum Oct. 7 • Group 1 Oct. 8 • Group 2 Consumer Loan Documentation Oct. 13 BSA Fundamentals Oct. 13-14 Commercial Loan Documentation Oct. 14 Branch Management Series - Session 4 Oct. 15 Writing an Effective Credit Memo Oct. 15 CBC Compliance School - Lending Compliance School Oct. 15-16 Essentials of Banking: Session 4 - Safeguarding, Providing Exceptional Service and Growing the Bank Oct. 16 Security Officer Forum Oct. 20 Banking on Women Conference Oct. 22-23 Marketing Director Forum Oct. 27 IT Forum Oct. 28 • Group 1 Oct. 29 • Group 2 CBC Session 3: Regulation DD, D, the New APYWIN and Deposit Disasters Nov. 3-4 Commercial Real Estate Cash Flow Nov. 4 Commercial Real Estate Appraisals Nov. 5 CFO Forum Nov. 5 • Group 1 Nov. 6 • Group 2 Human Resource Director Forum Nov. 10 Fair Lending Seminar Nov. 10 Risk Management Forum Nov. 12 Real Estate Lending Compliance Nov. 12-13 CBC Compliance School: Deposit/Operations Compliance School Nov. 16-17 Mega Convention Nov. 16-18 Midwest Agricultural Banking School Nov. 30-Dec. 3 Ag Clinic Dec. 3 Internal Bank Audit School Dec. 8-9 Very Technical Workshop Dec. 10 NOTE: Due to COVID-19, the events listed are being held virtually. For latest information about all IBA events, visit: indiana.bank/calendar

10 SEPTEMBER / OCTOBER 2020 COVER STORY Presenting C2C Award Nominations Showcasing bank community service in 2019 Last year the Indiana Bankers Association presented its first C2C (Commitment to Community) Award at the 2019 Mega Conference. The C2C Award program supports the Tell the Story pillar of IBA’s strategic plan to showcase bank community service. Congratulations to The Farmers Bank, Frankfort, which won the inaugural award in recognition of community service performed during 2018. After the launch of the C2C Award program, the IBA assembled a banker task force to explore ways to expand and fine-tune the awards. As a result, going forward two awards will be given annually, representing two asset sizes: under $500 million, and assets of $500 million or more. The nomination process also has been recalibrated, with nominating banks answering five questions that align with an evaluation rubric. Additionally, in order to amplify the story of banking, all nominating banks receive recognition through Hoosier Banker and IBA social media. The IBA extends thanks to the C2C Award Task Force members who provided guidance: Jaime Faulkner, Northwest Bank, Warren, PA (formerly with MutualBank, Muncie) Dianna B. Land, Springs Valley Bank & Trust Company, Jasper Tade J. Powell, First Farmers Bank & Trust Company, Converse Karen St. John, The National Bank of Indianapolis Melissa Schenkel, STAR Bank, Fort Wayne. The story of banking is one of helpful outreach and selfless support of the communities that banks serve. Kudos to the 25 banks that submitted nominations for the 2019 IBA C2C Awards. Stay tuned for upcoming announcements about the virtual Mega Convention in November, during which videos will highlight three finalists in each category, and two winners will be named. ASSET SIZE: UNDER $500 MILLION Alliance Bank, Francesville In addition to being a community supporter, Alliance Bank is a community cheerleader. When a local high school headed to state finals in girls basketball, the bank engaged other area banks for a “We’ve Got Spirit, How About You?” social media challenge. The bank also gives generously to the community, in 2019 providing more than $55,000 in financial support to economic development and educational organizations, as well as scholarships to students and funds to fire departments, food banks and parks. Additionally, Alliance Bank donates to the United Way, community foundations, libraries, schools, veterans’ organizations, youth recreation, and arts and historical preservation groups. Staff actively help identify gifting priorities and initiate every act of giving. One example is “Giving Tuesdays,” which engage staff in local philanthropy. The bank also supports financial literacy through Junior Achievement and by maintaining a junior board of directors to give hands-on board experience to local high school students. Bath State Bank With a mission statement of “Building genuine relationships with our community by caring for them like family,” Bath State Bank supports its community not only financially, but also through direct help. In 2019 the staff of 42 spent more than 2,000 hours assisting 185 organizations, plus donating $53,554 among 150 entities. Beneficiary organizations included Junior Achievement, 4-H, volunteer fire departments and more, including a health-stricken family in need of assistance with hospital bills. A giving-spirit example is that the staff chose to reinvest funds earmarked for an employee holiday party to helping others instead. A Random Act of Kindness contest was to result in a donation of $100 each to four winning causes, but ultimately the bank Alliance Bank staff assist at the Rensselaer Fire Department open house during Fire Prevention Week. Award Showcasing

Hoosier Banker 11 Giving a voice to associates in the bank’s charitable donations helps ensure that funds apply where needed most, as well as strengthening the team’s connection to community. These connections also build the bank’s reputation for customer service. Community First Bank of Indiana, Kokomo Holding to a core belief of making its community a better place to live and do business, Community First Bank of Indiana invests in others – businesses and nonprofits alike – to empower them to have a greater impact on the community. The bank takes a holistic approach to community outreach by supporting families, mentoring the next generation, equipping sports leagues, feeding the hungry, protecting animals, providing scholarships and supporting economic development. At the beginning of each year, the marketing team works with nonprofits to determine needs and set budgets, and employees are encouraged to submit service records for rewards. Associates also may participate in a CFB Cares committee, contribute $5 on Fridays in exchange for wearing jeans, and have the opportunity to engage in service projects on designated closure days. In 2019 the bank gave some 6,000 hours of service, with employees contributing more than $8,500 and the marketing budget supporting over $100,000 in donations. awarded the same amount to all 17 causes nominated. Employees also personally provided groceries and gifts to four area families for the Christmas season, and baked more than 1,200 holiday sweets to deliver to area shut-ins and nursing homes. Bedford Federal Savings Bank “Where Community Comes First” is not only the slogan of Bedford Federal Savings Bank, it also serves as the bank’s guiding principle of committing to community through leadership, volunteerism and monetary donations. In 2019 Bedford Federal provided approximately $99,000 in financial assistance to benefit more than 65 organizations. One project was hosting an eight-week school supply drive for each elementary through high school in Lawrence County, during which employees donated a different school supply item each week. Additionally, some customers were inspired to participate. The bank also razed and renovated property adjacent to the main office, providing parking and green space for downtown Bedford, and it created an ongoing co-op advertising campaign to give community organizations the opportunity to advertise for free in local media outlets. In 2019 Bedford Federal had 16 employees and board members serving 29 organizations in various capacities. Direct engagement helps employees and board members recognize and address community needs. Bippus State Bank, Huntington Committed to fulfilling its mission with service beyond words, Bippus State Bank uplifts the citizens and businesses of its community in various ways, including giving priority to local enterprises when making purchases and conducting other business. The bank also provides financial contributions to area organizations, both profit and nonprofit, for community support. The bank’s popular Jeans Fund takes place on Fridays, when employees may wear jeans in exchange for $2 donations. The success of the program is driven by direct support of staff, who determine where the collections will go and handle the logistics. The program provides more than $2,000 donated per year, for a total of over $20,000 donated over the course of the program’s lifetime. Gifts are wrapped and ready for area families adopted for the holidays by employees of Bath State Bank. A school supply drive hosted by Bedford Federal Savings Bank provides for students in Lawrence County. Employees of Bippus State Bank donate each year to Love INC of Huntington County to bring holiday cheer to children. Community First Bank of Indiana funded the creation of a community patio at Ivy Tech Community College-Kokomo.

12 SEPTEMBER / OCTOBER 2020 First Federal Savings Bank, Huntington With a goal to build relationships that will last for years, First Federal Savings Bank provides financial support and volunteerism to community organizations. Needs are evaluated by individually reviewing each request received from nonprofits. Initiatives include the Battle of the Businesses for the Parkview Huntington Family YMCA. The bank also is a Pacesetter for the annual United Way Huntington County Campaign. The bank helps local fundraisers by either donating or attending in order to provide support. In 2019 it donated $50,000 to the Parkview Huntington Foundation and $10,000 to the scholarship granting organization of Huntington Catholic School, as well as contributions to the Boy Scouts and other organizations. More than 95% of staff contribute to the United Way. Associates additionally contribute through a donation program that is tied to wearing jeans on Fridays, and staff lend leadership talent to board service for Junior Achievement, United Way and other community groups. First Vincennes Savings Bank Last spring, First Vincennes Savings Bank created a new staff position – assistant CRA officer – to address Community Reinvestment Act outreach and community service by dedicating at least three business days per month volunteering in the community and coordinating staff volunteer opportunities. As a result, the bank has formed partnerships with Pace Community Action Agency Inc. in Vincennes, which operates a Head Start program for low-income preschool children and their families, and with KCARC, which provides support in Knox County for individuals and families with special needs. Additionally, the assistant CRA officer has coordinated events such as a concert benefiting Helping His Hands Food Pantry, PACE, KCARC and YMCA, as well as opportunities for staff to assist with food pantries, Nutrition on Weekends, the lunch buddy mentor program, academic school boards, Habitat for Humanity, educational foundations, leadership programs, clothing centers, Lions Club, Children and Family Services, Kiwanis, United Way, Backpack Blessings and chambers of commerce. Home Bank, Martinsville Fostering a company culture of giving and serving, Home Bank has been committing 10% of net earnings since 2012 to improving the quality of life in its community. In 2019 more than $164,000 was provided to nonprofits in Hendricks, Johnson and Morgan counties. A bank gifting committee determines where needs exist, with a focus on poverty, education, mental and physical health, youth in crisis and community sustainability. Recipient organizations of the bank’s gifting program are evaluated by the standard, “Are we making lives better?” Outcomes of the Home Bank gifting program include job training for local residents, improved reading performance for elementary students, counseling programs for at-risk youth, access to healthcare for under-resourced individuals, and influence in the formation of two new nonprofit organizations. Employees are involved, with the bank providing paid release time for community activities during the work day. An annual bank award recognizes outstanding servant leadership in the community. Kentland Bank Kentland Bank is supportive of organizations including Junior Achievement, chambers of commerce, Rotary Club, the Newton County Fair Board, CDC Resources Inc., Shriners Hospital, Goodland Lions Club, Aubrey’s Angels, Earl Park Fall Festival Committee, Iroquois County Genealogy Society, Iroquois County Historical Society, Iroquois-Ford County Farm Bureau Young Leaders, United Way of Kankakee & Iroquois County, Kiwanis Club, Juvenile Justice Council and Masonic Lodge. The bank also supports local events, including Kentland Halloween Carnival, South Newton Interact Club, Benton County Food Pantry and Kentland Food Pantry. Additionally, Kentland Bank offers monetary donations to facilities such as the Newton County 4-H building and the Kentland Fire Department’s firehouse, as well as Iroquois Hospital. Staff are supported in their participation so they can find their own passion for causes. Kentland Bank examines its reFirst Federal Savings Bank supports scholarships to families of students at Huntington Catholic School. First Vincennes Savings Bank sponsored a fundraiser concert for United Way of Knox and Crawford counties. Home Bank personnel lend a helping hand to Habitat for Humanity, one of many causes supported by the bank.

Hoosier Banker 13 lationships within the community along the lines of charitable giving, diversity of support and social issues that impact the needs in its markets. The Peoples Bank, Brownstown One example of the community service of The Peoples Bank is that it helped a family whose family member suffered hospitalization for months following a car accident last Thanksgiving. The bank funded an account to help with medical expenses and holiday needs. The bank also provided Christmas gifts and goodies for five children who otherwise would not have celebrated the holiday. A new event in 2019 was The Peoples Bash that featured games, entertainment, food and giveaways for 300 attendees, replacing an annual town festival that had been canceled. The bank also gives tours to school children, participates in the Day of Caring at a local park, and helps broadcast high school basketball games each week. Employees are recognized for their community service at the bank’s holiday party, with a special award presented to an individual who provided exceptional service. As an example, one associate created a Warm Heart, Warm Toes project, providing shoes and socks to children in need. Riddell National Bank, Brazil Riddell National Bank has a Wabash Valley Community Foundation Fund that issues grants to organizations, including the Clay County 4-H, Northview High School, Clay City High School and the YMCA annual campaign for scholarships. The bank also is the premier sponsor of the YMCA 5k 3 Race Series. Staff give support to organizations such as Junior Achievement of the Wabash Valley Program, North Clay Middle School Reality Store, Clay County Shop With a Cop and the Wabash Valley Road Runners Association. Organizations served by the bank through leadership include the United Way, Wabash Valley Community Foundation, the YMCA, Little League, Tri Kappa, the Terre Haute Homebuilders Association, Rotary Club and Lions Club. Staff are given paid time off to participate, and all related fees are paid by the bank. Additionally, the bank buys items for silent auctions and purchases tables/tickets for fundraisers. The bank also has many church and faith-based organization leaders and volunteers on staff. Wayne Bank and Trust Company, Cambridge City Wayne Bank and Trust Company has supported its community through a drone donation, K9 fundraising, and assisting more than 120 events and nonprofits in 2019. More than half of the bank’s employees serve on 38 boards and/or are active organization members, committing 890 hours last year to the community. Additionally, the bank donated more than $5,000 to hosting annual Athena Awards to recognize women leaders in the community. It also donated a $40,000 drone to assist the local fire station and police in locating fires, missing persons, criminal activity and more; plus contributed $10,000 for its third K9 for the Richmond police. To encourage public engagement, in the springtime the bank donated back from any account opened or loan closed to five nonprofits that support organizations that give back to community heroes: fire, police, education, healthcare, and veteran and active duty personnel. The bank strives to uphold its values of community, integrity, people and sustainability. ASSET SIZE: $500 MILLION OR MORE Centier Bank, Merrillville Now in its fifth generation of leadership, Centier Bank strives to be the heart of the community by giving back through sponsorships, donations, volunteerism and philanthropic outreach. It aims to be an engaged and passionate member of the communities it serves and to create sustainable impact. The bank gives a level of autonomy to more than 50 community coordinators and Kentland Bank staff mailed handmade Valentine's cards to local veterans in appreciation of their service. A young admirer chats with a friendly pig at The Peoples Bash, hosted by The Peoples Bank, Brownstown. Volunteers from Riddell National Bank clean up roadside trash. Photo by Frank Phillips, The Brazil Times. A drone donated by Wayne Bank and Trust Company helps improve safety for Richmond firefighters and police.

14 SEPTEMBER / OCTOBER 2020 market presidents in its strategy to address community needs. Its philanthropic division, CentierGives, helps nonprofits, schools and other organizations in the achievement of their goals. In 2019 the bank impacted over 1,000 nonprofit organizations in all 11 counties within its footprint. One example of community connection is the bank’s annual volunteer fair, when it welcomes several nonprofits to its corporate center to personally connect with associates. Additionally, the bank has created a volunteer portal through which associates can search for volunteer opportunities and track their participation, qualifying for incentives such as paid time off. First Bank Richmond First Bank Richmond focuses on four areas of community service: education; financial literacy; physical and mental health; and support of local not-for-profit organizations. Education and financial literacy are addressed through the bank’s participation in Every Child Can Read’s 3rd Grade Academy, Junior Achievement and School is Cool, as well as The KNOW, an online financial education program. The bank’s physical health commitments are made through longstanding support of the local United Way, American Cancer Society, community blood drives and Lifestream Services Inc. The bank’s fourth area of commitment is realized through support of various not-for-profit partners, which are showcased within the community on billboards, print advertising, in-branch signage and through a mission video to garner awareness and support. In 2019 the bank donated more than $400,000 to local not-for-profit organizations. Additionally, 65% of associates served on a board or a committee and collectively volunteered over 3,000 service hours to local not-for-profit organizations. First Farmers Bank & Trust Company, Converse In 2019 First Farmers Bank & Trust provided approximately $300,000 to a variety of community organizations and causes. Instead of relying on centralized decision-making, the bank empowers local branch teams to select organizations and events to support. Local employees establish direct dialogue with area organizations, and an overall budget is segmented into regions and respective branches. Branch managers have authority to financially support local efforts to a specific dollar amount and may submit larger requests as needed. Feedback on projects and efforts enables local team members to serve as points of contact for solicitations of monetary or volunteer support. Additionally, these close relationships enable the local team to recognize areas where the bank can be instrumental in improving the overall quality of life locally. All employees are encouraged to participate in community service in some capacity, as well as leadership positions with nonprofit boards and civic groups. Membership costs and expenses are covered by the bank. First Harrison Bank, Corydon First Harrison Bank focuses on working with children to help them learn lifelong skills. A pet project is a competition called Amazing Shake. The bank works with students at East Washington Middle School, Pekin, where nearly half of the students are eligible for free or reduced lunch. Students attend a competition during which they are judged at 15 station areas on skills such as networking and interviewing. The next level of competition takes place in Salem, and finals are held in Atlanta, Georgia. Bank staff and a board member assisted in 2019 at both levels of competition in Indiana, forming such a strong bond with the students that all bank volunteers were present at the school for the announcement of finalists, despite the bank being in the final stages of a conversion process. The bond between bankers and students was further reinforced when the students were invited to meet the members of the bank's board of directors. Last fall some 50 Centier Bank associates rappelled down the corporate center building, raising more than $61,000 for northwest Indiana charities. Boys & Girls Clubs of Wayne County is among the community causes supported by First Bank Richmond. First Farmers Bank & Trust provides donations to multiple nonprofits throughout its footprint. First Harrison Bank assists students of East Washington Middle School with the Amazing Shake competition.

Hoosier Banker 15 First Savings Bank, Jeffersonville First Savings Bank, which in 2019 was headquartered in Clarksville, was voted last year as Most Generous Medium-Sized Company by Louisville Business First. In 2019 the bank gifted $445,151 to nonprofits across its footprint and volunteered over 7,200 hours to help 407 organizations. Causes ranged from teaching financial literacy, to serving on nonprofit and community development boards, to volunteering at shelters for the homeless and animals. The bank’s charitable foundation, First Savings Charitable Foundation, focuses on financial literacy in the areas of education, economic development and community vitality. The foundation gifted over $280,000 in grants in 2019 in the southern Indiana and Louisville metro areas, totaling more than $1.38 million in grants since its inception. Employee community outreach is culturally ingrained, assisted by an internal tracking system. Employees’ default log-in screens feature a thermometer graphic showing overall progress toward the bank’s annual service hour goal, creating a fun, team-like atmosphere. The bank also has an employee-led and funded charity fund. First State Bank of Middlebury First State Bank is a supporter of multiple community nonprofits, schools and local businesses. In some instances, the financial, in-kind and volunteer support that the bank provides accounts for the majority of the recipient agency’s needs. The bank has First Savings Bank staff and family members help with “Bikes or Bust,” providing bicycles to Toys for Tots and The Salvation Army. donated more than $150,000 over the last six years to 12 participating schools. It also sponsors a School Spirit Debit Card program through which it makes quarterly donations to local partnering schools based on debit card transactions. Staff is encouraged to engage in community activities in the form of committee memberships, board of director seats, private organization activities, school functions, church functions and service clubs. In 2019 the bank created ‘B Cause’ Day to give employees a full day to be exposed to agencies in need. All 120 associates chose from a menu of nine local nonprofits covering two counties and spent the day with teams of their peers completing needed tasks. German American Bank, Jasper In 2013 German American Bank initiated Clean Sweep Days to engage bank employees and nonprofit volunteers to work together in cleaning up roadside trash to instill community pride and make a positive impression on visitors. Nonprofit organizations receive donations from the bank for every full bag of trash their volunteers collect, averaging $300 earned for their work. Through 2019 the bank has donated over $100,000 to local nonprofits through the program. Clean Sweep Days have helped nonprofits achieve specific goals such as youth teams raising funds to attend Destination Imagination nationals, cheerleading or sports team fundraisers, giving circles, Tri Cap and Crisis Connection. Another benefit is that diversified cultures participating together creates opportunities for fellowship among various populations of the community. To support the bank’s culture of volunteerism, a Qualified Community Involvement program allows employees to designate their volunteer hours to qualify for gift cards. The bank also uses community volunteering for employee development. Greenfield Banking Company Greenfield Banking Company has been sponsoring Entertainment on the Plaza since 1987 as a series of 13 free live performances in downtown Greenfield. The focus is on providing live musical performances to enhance the quality of life in the Greenfield community, with the bank managing the entire series. Last Columbus Day, employees of First State Bank of Middlebury participated in B Cause Day, volunteering at nine local nonprofit organizations. German American Bank volunteers engage in community cleanup through Clean Sweep Days. The Wright Brothers Band performs at a community concert sponsored by Greenfield Banking Company.

16 SEPTEMBER / OCTOBER 2020 The objectives are: to provide quality entertainment and cultural opportunities in one central location; to demonstrate the potential of the Courthouse Plaza, constructed as part of an area revitalization effort; and to encourage business in downtown Greenfield by attracting people to the area on Friday evenings throughout June and July. At all performances, the bank has four to six employees in attendance to hand out schedules, engage attendees and assist with seating. Each week, a different bank officer introduces the performances. The first year of the program, approximately 3,000 members of the community attended 13 performances, with more recent seasons averaging a total of 8,000 to 10,000 attendees. Horizon Bank, Michigan City In 2019 Horizon Bank donated over $500,000 to hundreds of organizations with a focus on housing efforts, education and children. Its Diversity and Inclusion Business Council directs bank-wide initiatives and outreach. The bank is active in the Diversity Roundtable and last year opened a bilingual branch to provide financial solutions to Spanish-speaking customers. The bank also offers charitable grants through its Horizon Cares program that supports education, economic development, arts and housing efforts. Additionally, the bank operates two school branches that give job and scholarship opportunities to students, and staff also conduct a nine-week financial literacy workshop. Other educational outreach includes a workshop series to teach area high school students about banking and first-time homebuying. Further initiatives include loan and deposit programs such as Home Pride Mortgage, Fresh Start Loan and Fresh Start Checking; and a partnership with the Federal Home Loan Bank of Indianapolis to provide grants for down payment, rehab and accessibility modification. Merchants Bank of Indiana, Carmel A longtime supporter of affordable housing and community building, Merchants Bank of Indiana works with King Park Development Corp. to serve Indianapolis neighborhoods in need of: quality homes for all income levels; affordable homebuying options for those who earn less than 80% of the area median income; and a loan fund to provide for future homeownership programs. To address these needs, the bank designed HomeSmart, a loan program that would meet the 30% affordability requirement in place for Indianapolis projects. The bank also provides employees opportunities for community service, such as MPACT Service Day to develop affordable housing in surrounding neighborhoods, Habitat for Humanity rehabilitation projects, and backpack giveaways for students. The MPACT Program supports the initiative of Positively Advancing Communities Together through employee volunteer service hours. At the time of award submission, the bank was sill tracking 2019 data, but in the prior year more than 50 employees logged a total of 520 volunteer hours. The National Bank of Indianapolis The National Bank of Indianapolis partners with 300+ organizations, including United Way of Central Indiana to identify groups in need. Examples of support are providing: 1,000+ snack kits for children; 400+ items for a toy drive; more than two tons of canned goods for Meals on Wheels; 2,000+ school supplies to Teachers’ Treasures; reduced-cost banking services to nonprofit organizations; and job interview training through Dress for Success and Goodwill. Each employee is given one paid workday annually to volunteer at a nonprofit of choice, in total donating 1,500+ hours within a one-year span. Outreach includes financial literacy, with the bank providing space, materials and dinner to teach young people in foster care or recently emancipated about budgeting and writing checks. The bank’s workforce also makes up one of the largest volunteer driving teams for Meals on Wheels. Since its inception, the bank has provided more than $11 million in direct financial support to community needs. Peoples Bank, Munster “Community” is one of the four pillars of the core values of Peoples Bank, which allows employees to volunteer during work hours when possible and highlights staff community service at an annual dinner. Outreach includes participation in the Voluntary Income Tax Assistance (VITA) program for qualifying individuals/households. The bank also hosts two free shred days each year. Another example is the bank’s financial education program, implemented in partVolunteers from the Lima Road branch of Horizon Bank donate time and talent to the community. Photo by Jeffrey Crane, Business People. Merchants Bank of Indiana employees lend building skills through the bank’s MPACT program. Staff of The National Bank of Indianapolis build an accessibility ramp through Servants at Work Inc.

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