INDEPENDENT COMMUNIT Y BANKS OF NORTH DAKOTA C OMMUNITY B ANKER NEWSLETTER Official Newsletter of Independent Community Banks of ND Sep/Oct 2020 Issue Emerging Leaders Development Program Fall Leadership Conference Oct 13-14, 2020 ICBND Office & Holiday Inn, Bismarck The Emerging Leaders Development Program (ELDP) is designed for career-aspiring community bankers who are committed to preserving and enhancing community banking and its philosophies. You do not need to be a member of the ELDP to attend and we encourage all bankers and business professionals to attend if they can. Sep/OctPO Box 2020 6128 Issue ~ Bismarck, ND 58506 ~ e-mail: [email protected] ~ Phone: 701.258.7121The ~Community icbnd.com Banker Together We Prosper Quick Look Inside This Issue: 3 Chairman & Presidents Remarks INDEPENDENT COMMUNITY 4 Flourish Column: Rebeca Romero Rainey, ICBA President and CEO 5 From the Top Column: Noah Wilcox, BANKS OF NORTH DAKOTA Chairman of ICBA 6 Portfolio Management, Jim Reber, PO BOX 6128 President and CEO of ICBA Securities 7 ICBA News: Multiple 8 Innovation Station: Charles Potts, BISMARCK ND 58506-6128 ICBA Sr Vice President, Chief Innovation Officer 9 Leadership at All Levels: Lindsay LaNore, Group Executive Vice 701.285.7121 President of Community Banker University INFO @ ICBND . COM 10 Our Associate Members 11 Main Street Matters: ‘How Community WWW ICBND COM Banks Can Lead in Weathering Natural . Disasters’ by Steven Estep 12-13 ICBA Newswatch: Multiple 14 Office of Attorney General: Judge Rejects Federal Government’s Efforts to Dismiss ND Lawsuit for Recovery of Senator John Hoeven Costs Related to DAPL Protests 338 Russell Senate Office Building 15 CBIZ Wellbeing Solutions 16 ‘6 Digital Banking Best Practices Washington DC 20510 During the Covid-19 Outbreak’ by Steve Phone: 202-224-2551 Kent, CSI 17 ‘Social Security Solvency by the Fax: 202-224-7999 Numbers’ by Mike Rahn, Ascensus 20 Industrial Commission of North Dakota: ‘Industrial Commission Legislative Aide: Tyler Hardy Approves New Bank of North Dakota [email protected] Covid Relief Program” 21 ‘Home Equity Line of Credit Fraud Scams’ provided for you by Travelers 22 Social Security Administration: Senator Kevin Cramer Compassionate Allowances program 400 Russell Senate Office Building 23 North Dakota Management & Budget: ND State Capitol Making Covid-19 Washington DC 20510 Enhancements 23 ‘Going Contactless During Covid-19’ by Phone: 202-224-2043 Teresa Ulven, The Advantage Network Mobile: 202-981-1090 24 ‘Your Computer May Be More Valuable to an Attacker Than You Think’ by John Streff, Vantage Point Legislative Aide: Jason Stverak 26-27 ‘Engaging Remote Employees with Learning’ brought to you by North Risk [email protected] Partners 28 ‘8 Ways to Enhance Security for Your Remote Workforce’ by Steven Ward, CSI Congressman Kelly Armstrong 29 FDIC Compliance Newsletter: link 1004 Longworth House Office Building 14,15,22,25,27,34-37 2020 ICBND Golf Scramble & Social Review with Photos Washington DC 20515 1,32-33 Educational Opportunities Phone: 202-225-2611 38-41 ICBND Members in the News 41 ICBND Classifieds/In Search Of Fax: 202-226-0893 42 ICBND Educational Opportunities: Webinars: August-December 2020 Legislative Aide: Connor Crowley 44 ICBND Directory / Our Advertisers [email protected] Consent for Use of Photographic Images – Registration and attendance at, or participation in, ICBND meetings and other activities constitutes an agreement by the registrant to ICBND’s use and distribution (both now and in the future) of the registrant’s or attendee’s image or voice in social media, photographs, videotapes, electronic reproductions, and audiotapes of such events and activities. Sep/Oct 2020 Issue 2 The Community Banker Together We Prosper Chairman’s Remarks As I sit down to write my very first Chairman’s financial goals as we always have before. Remarks, I wanted first to take the opportunity to say how honored and privileged I am to be For most, grain harvest has been completed and able to serve as the Chairman of ICBND for the the bean harvest is in full swing. The crops in the next 12 months. To be able to help lead and east central part of the state appear to be in very direct this great organization will be considered good condition and yields have been above one of the highlights of my banking career and I average. Commodity prices have been on the hope to leave my impression as deeply as the rise and the Ag producers finally have some previous 53 chairmen before me. things to smile about. This time of year has always been one of my favorite times of the I began to reflect on the past 12 months of year, when all the hard work finally pays off with challenges that the community banking industry a good harvest and a successful growing season. endured; from the October blizzard last year and the delayed corn and soybean harvest of 2019 Thank you to all the community bankers in this into the spring of 2020, to the chaos of the great state for all that you do for your customers Chad Aberle COVID-19 Pandemic and the closing of bank and communities. It may be hard work, but it is Citizens State Bank of Finley lobbies, schools and nearly all community one of the most rewarding careers. Keep making Finley events. To say the least, this has been a very a difference in your communities. ICBND Chairman memorable, yet crazy time. And for all community banks, this is not expected to change anytime soon. We will continue to work Chad Aberle diligently with our farm customers, small businesses and consumers to help them through these challenging times and achieve their President’s Remarks As I write this, it occurred to me that today is the first forgiveness for loans of $150,000 or less. This would day of fall. Other than the leaves changing color, one have encompassed 85 percent of all PPP-approved might think it’s just another beautiful summer day as loans, but only 26 percent of the PPP funds. This the temperature approaches 90 degrees in Bismarck. would have really helped your customers and your While 2020 has kind of been the year to forget, our lenders to concentrate on serving customers during summer weather was really quite delightful for the this tenuous time. There was broad bipartisan support most part. for this concept. Unfortunately, politics got in the way and the two sides seem to be miles apart on what the While our weather was pleasant, I can’t say it’s been a dollar amount should be in the next stimulus bill, if pleasant summer of clarity and direction for our bank there is one. What’s a couple trillion dollars amongst members relative to the Paycheck Protection Program friends? (PPP) forgiveness process. Community banks across the country including North Dakota stepped up to My optimism is waning for legislation or agency efficiently process PPP loans and distribute those guidance that will clear some of the fog. We are now much-needed funds to our business and ag customers. in election season and the Senate will be rightfully You accomplished what the federal government consumed with the Supreme Court vacancy due to the Barry Haugen couldn’t. And now, in my opinion, you’ve sort of been sad passing of Justice Ruth Bader Ginsburg. left holding the bag. Even the General Accounting ICBND President Office (GAO) recognized this in their report issued this Meanwhile, ICBND member banks are left with a week. As they reported, the complexity and lack of bunch of 1 percent loans on your books and guidance surrounding PPP loan forgiveness could limit customers who are wondering what the heck is going the effectiveness of future rounds of the program. on. I hope I’m pleasantly surprised by some near-term movement on the PPP forgiveness issue. Until then, I applaud Senator Cramer and others for introducing a hang in there! bill early in the summer that would have substantially addressed the forgiveness mess by providing Barry Sep/Oct 2020 Issue 3 The Community Banker Together We Prosper FLOURISH COLUMN R EBECA R OMERO R AINEY P RESIDENT AND CEO What you need to know Over this month and next, ICBA is convening various leadership groups to prepare for our collective future in this new normal. From the virtual LEAD FWD Summit this month to the Directors Conference in October, we are setting the tone at the top. Connect with Rebeca @romerorainey Rebeca Romero Rainey is president and CEO of the Independent Community Bankers of America® (ICBA), the leading advocacy organization exclusively representing community banks. Sep/Oct 2020 Issue 4 The Community Banker Together We Prosper FROM THE TOP COLUMN There are no two ways entertainment that can bring the more proud to be a about it: of the third quarter, the community together in a community banker. I can’t help but reflect on responsible way. I’m proud what a whirlwind the past six to say that in any given Because, as we go about our months have been. month, we have 100% of our business in the new normal, Community banks have staff volunteering in the it’s not about the grand grappled with a series of community, but I know we’re gestures; it’s about the day seismic events, including a not alone in that. As to day. We don’t look for the pandemic, mandatory community bankers, our job quick-hit, one-time gift. shutdown orders and is to help people in good Rather, community banks are processing a mindboggling times and not-so-good times. in it for the long haul.