2023 Annual Report
The Difference is Stability.
As important as what did happen in 2023 is what didn’t. Despite higher interest rates, inflation and bank failures, Bankers Trust remained a haven of stability for the families, businesses and communities we serve. Service, resilience and confidence have been our differentiators for 106 years, primarily due to our remarkable workforce, those who came before us, and our ownership by the Ruan family, which enables long-term focus without the pressures of short-term shareholder returns.
Similar to other banks, our reputation is based largely on our strength and stability as demonstrated through financial performance, operational resilience, strategic focus and social responsibility. However, the Bankers Trust Difference also includes who we strive to serve — from those with lower incomes who aspire to own a home and experience stability, to the affluent who aspire to grow their wealth and transfer it to their loved ones and community — and responding quickly with relevant products and services. This level of caring and expertise has led to us being voted the Best Bank and Best Commercial Lender in Central Iowa for the ninth consecutive year.
This stability comes from change, specifically through planned growth — of products, services, and market expansions. We are set to open a new location focused on Private Banking and Wealth Management in Scottsdale, Arizona, in mid-2024, and our new, full-service branch in Omaha, Nebraska, is planned for early 2025.
For the second year in a row (and only the fourth time in our history), we recorded earnings above $60 million. Total assets increased to $6.6 billion, primarily due to our nearly $375 million in loan growth in 2023. Whatever the future holds, and whatever the market throws our way, we promise to provide the kind of stability you can depend on.
Don Coffin CEO and President
“Stability is not only a desirable quality, but a competitive advantage, especially in times of uncertainty. In fact, this is the kind of environment where we get to do some of our best and most important work.”
Business Line Results | Culture and Community | Financial Statements | PDF Version