2022 Annual Report
The Difference is Confidence
Confidence is built on accomplishments—specifically how well we serve customers, support businesses, and improve the lives of others in our communities. Throughout challenging markets, international conflicts, and inflation, we are grateful that families and businesses turned to us, and together we navigated 2022 with confidence. As you read this report, you will see this shared commitment contributed to improved financial health for those we served and resulted in Bankers Trust’s best financial year yet.
Like many companies, internally we track results by month and share externally annually in reports such as this. However, it is the multi-year commitment to four strategic priorities that kept us focused on where to invest our time and resources for the kind of growth that is sustainable. Those strategic priorities are Customer Experience, Smart Growth, Optimization and Premier Workplace. As a result, we made strides in implementing a new digital loan origination system, adding products and services, and continuing to simplify our onboarding process for new customers. Much of the work we’ve done in these four areas over the past several years helped put Bankers Trust in a position to grow in 2022 and beyond.
Bankers Trust held total assets steady at $6.1 billion. Net income increased to $65.4 million, a new record, and combined assets rose by $87.8 million. Bankers Trust was nationally recognized as the Best Bank in Iowa, and the Best Bank and Best Commercial Lender in Central Iowa by readers of the Des Moines Business Record. Loan production in both our Commercial and Consumer divisions was incredibly strong, and our continued focus on quality helped us maintain very low risk and high customer retention. We celebrated 20 years of business in Cedar Rapids, as well as significant growth planned in Phoenix and Omaha.
Don Coffin CEO and President
“This year’s success doesn’t happen by accident. The confidence of our team members, customers, and the communities we serve, along with a steady strategic focus, made all the difference during yet another economically challenging year. For this we are grateful and promise to continue to live up to the trust and confidence invested in us every day.”
Business Line Results | Culture and Community | Financial Statements | PDF Version