©2023 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. Nebraska Independent Community Bankers 1001 S. 70 Street, Ste. 101 Lincoln, NE 68510 (402) 474-4662 nicbonline.com The Nebraska Independent Banker is a Publication of The Nebraska Independent Community Bankers Association Issue 4 • 2023 INSIDE TAKE A LOOK 8 16 23 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 President’s Message Connecting With Our Local Communities By Dexter Schrodt, President and CEO, NICB 6 Flourish By Rebeca Romero Rainey, President and CEO, ICBA 8 Portfolio Power Barbell Structure May Be the Right Regimen By Jim Reber, President and CEO, ICBA Securities 11 Can Enhanced Due Diligence Help Your Bank Avoid Cybersecurity Risk? By Mike Gilmore, Chief Compliance Officer, RESULTS Technology 13 Lenders Covered by New Small Business Data Rule By William J. Showalter, CRCM, CRP; Senior Consultant; Young & Associates, Inc.; Kent, Ohio 16 10 Reports Every Bank Should Run Now By Paula S. King, CPA, Abrigo 20 Adopting a Holistic FRAML Approach To Fight Financial Crime By Ankur Shah, Strategic Product Manager, CSI 23 The Myth, Lure and Reality of AI By Charles E. Potts, Executive Vice President and Chief Innovation Officer, ICBA 24 Is It Time to Hedge Interest Rate Risk With a Forward Rate Lock? By Matt Helsing, SVP and Northwest Regional Manager, PCBB 26 NICB Endorsed Partners 26 Associate Members 2023
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