Thank you to those of you who attended the recent 2017 NBA Annual Convention held at the La Vista Conference Center. This year’s convention included outstanding speakers, special recognition of our many volunteer banks and bankers, time for both personal and professional networking, as well as an annual update on the activities and financial position of your NBA.
Debra Jasper, Ph.D., founder and CEO of Mindset Digital, delivered our keynote presentation highlighting important strategies necessary to lead in today’s social media driven world. Other presenters discussed the role of the media in our turbulent political world, strategies for making dreams come true, and lessons on surviving in difficult situations. Dr. Nathan Kauffman, assistant vice president and Omaha branch executive of the Federal Reserve Bank of Kansas City, discussed the current agricultural marketplace and his thoughts about the coming farm season. George Morvis, founder and CEO of Hinsdale, Ill.-based Financial Shares Corp., provided attendees with an update on the NBA’s strategic planning initiative (more to follow next month).
One of my primary responsibilities during the convention is to offer an annual organizational overview of the NBA and to review the association’s financial position. Following are a few of the highlights. The full NBA Annual Report can be found at http://bit.ly/NBAAnnualReport16-17.
- From year-end 2010 to 2016, the number of bank and savings institution charters in Nebraska decreased from 224 to 182, an 18.76 percent decrease.
- Total bank employment in Nebraska on Dec. 31, 2016, was 15,075, a substantial increase from 13,102 employees in 2010.
- Total NBA membership is 187 commercial banks and savings institutions. The largest concentration in membership is those institutions having between $101 million and $500 million in deposits (80 banks, 43 percent of the total).
- Recent legislative successes included passage of LB 140, which represents a yearlong effort to modernize the state’s banking code. Included within this adopted legislation are provisions to allow state-chartered banks to opt out of the executive officer’s license requirement.
- The NBA NExt Generation Housing Task Force has facilitated a dialogue across the state about the importance of building new workforce housing in our rural communities. Several key pieces of state legislation were crafted and adopted to support this important mission.
- Last year, the NBA hosted 43 in-person education and training programs, representing 4,245 registrants.
- The NBA, through various efforts, contributed approximately $175,000 in scholarships and support for our state’s higher education institutions.
- During the past year, NBA bankers touched 27,926 Nebraskans through their financial literacy education training efforts.
- NBA leadership participated in 45 state and local media interviews.
- The NBA’s Voluntary Employees Beneficiary Association (VEBA) provides reasonably priced, predictable health care coverage to 4,500-plus bankers, representing more than 10,900 covered lives.
- Thanks to continued strong member financial support and product utilization, along with a focus on reasonable cost control, both the NBA and NBISCO finished the recently completed fiscal year on very solid footing. Following is a brief look at the combined estimated year-end numbers:
Finally, thanks to the many bank employees/volunteers who were recognized for their achievements during the NBA Annual Convention. Your efforts in supporting BankPAC, financial literacy, and NBA committee work are essential to strengthening our communities and the banking sector throughout our state.
Richard J. Baier is president and CEO of the Nebraska Bankers Association (NBA). Founded in 1890, the NBA is the voice of Nebraska’s $76 billion banking industry, which is composed of small, regional, and large banks that together employ more than 15,000 people, safeguard almost $59 billion in deposits, and extend more than $57 billion in loans, all within the state of Nebraska. For more information, contact Baier at (402) 474-1555 or firstname.lastname@example.org.