December, 2011, closed out on a strong 4th Quarter, and year, for First State Bank & Trust Co. 2011 saw an increase in the Bank’s loans outstanding, its deposits, and its totals footings. During the year the Bank went through several of its regularly scheduled regulatory examinations along with routine quarterly internal audits, and external CPA reviews, and I’m please to report the Bank continues to perform at the high-quality level that you would expect.
The reason FSBT continues to perform at the level which it does is in part due to our quality-focused heritage, in the hands of today’s generation of experienced bankers. We are also privileged to work with excellent customers in all of our markets.
The Bank continues to invest in the types of education, training and technology which make it relevant to today’s and tomorrow’s generations. We recently launched new services in the areas of 1) Positive Pay, 2) e-statements, 3) debit card fraud detection capacity, and 4) Online Business Banking, a business dashboard accessible through this website.
We have, and are, activating additional non-customer facing technologies as well, which should enhance our operational and reporting performances in the future.
In my Chairman’s Corner letter of April 2011, I reported on the Bank’s recognition as one of America’s Strongest Banks according to the Weiss Ratings of Bank and Thrifts. We maintain that status as well as our Five-Star rating through BauerFinancial, Inc., their highest rating. It would be interesting reading for those of you who care to review.
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