2020 Annual Report
“Community banks have always been essential to the success and stability of the people and communities they serve.”
Bankers Trust has proudly served our communities for more than 100 years as an essential partner to growing businesses, individuals, families and the nonprofit organizations that are working hard to make our communities better for everyone.
The challenges of 2020 affected the economy, made us concerned for the health and well-being of others, and forced us all to adjust almost every aspect of our lives. Time and time again, Bankers Trust team members proved they are essential to each other and to those we serve. I’m incredibly proud and thankful to be working alongside the best team in the banking, lending and wealth management industry.
It wasn’t the year anyone hoped for or expected, but 2020 made it clear just how essential Bankers Trust is to the customers and communities we serve. Through an ongoing pandemic, political and social unrest, and even a derecho, Bankers Trust team members stepped up. Bolstered by more than a century of strength and stability, our teams showed adaptability, resilience and innovation.
We supported each other and our families, many of whom found themselves living, working and learning in the same space. We offered thoughtful advice and helpful solutions to our commercial and individual customers as they made their way through the year’s challenges. We also showed up for our communities when they needed us most.
Bankers Trust entered 2020 in a strong financial position and with the momentum of 11 consecutive years of record earnings. Our history of success and strong fundamentals prepared us to weather the economic impact of the COVID-19 pandemic. At year-end, total assets grew to $5.8 billion and we achieved $48.8 million in net income. Combined assets rose by $814 million.
For nearly 104 years, Bankers Trust has been setting itself apart from our competitors. The Bankers Trust Difference means many things: relationships, community, security and longevity. The difference is adaptability, responsiveness, steadiness and inclusiveness. And in 2020, perhaps more than ever, the Bankers Trust Difference was essential.