March 29, 2018

Dear Shareholders & Friends,

Your success is our success. This past year was a strong core earnings year for Bankers’ Bank. With the December tax code changes, earnings totaled $5 million, or the highest in our 36-year history. After eliminating the one-time benefits of the tax impact, core earnings were just over $4.1 million, an increase of 26% over 2016.

Each Bankers’ Bank division demonstrated excellent performance this year. The year’s 21% revenue growth was driven by an increase of loans and leases held on the balance sheet, and overall customer growth. 2017 featured new cash letter programs, leasing relationships, mortgage clients, and holding company lines of credit. As total assets grew at a deliberate pace, we controlled expenses properly to decrease the efficiency ratio from 87% in 2015 to 79% in 2017. The outstanding performance enabled Bankers’ Bank to issue a $53 per share dividend, a 13% increase from 2016 and a 112% increase from 2015.

Bankers’ Bank achieved core earnings growth with a three-prong approach. We grew customers and deepened our relationships with existing customers. Second, we continue to deploy our balance sheet with more focus on earning assets, particularly loans and leases. Our net interest margin grew 57%, in 2017.  Providing direct and over-line loans as well as growing our leasing area is a fundamental goal for our bank.  Third, all of our lines of businesses continue to expand, and we now have over 60 products and services with which to help our customers be more competitive.  

Thank you for your continued support of Bankers’ Bank and we look forward to serving you for years to come.

Bradlee F. Stamper

President & CEO

2017 Report *

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Annual Meeting Notice

The Annual Meeting of the Shareholders of Bankers’ Bancorporation, Inc. will be held Thursday, April 26, 2018, beginning at 11:30 a.m.  The meeting will be held at the offices of the Corporation, 7700 Mineral Point Road, Madison, WI 53717.  Copies of the meeting notice and proxy statements will be sent to all shareholders of record as of April 1, 2018.  

Bankers’ Bancorporation, Inc. is a registered bank holding company.  Bankers’ Bank is the sole banking subsidiary and a member of the Federal Reserve System; deposits are insured by the FDIC.