WIN$100! Find the hidden Details on page 1 2010 volume 17 Rotary and Paducah Bank Partner for free College Tu i t i o n INVEST with an AWARD WINNING TEAM! aducah Financial Consultants offers access to financial products through LPL Financial and its affiliates. The Pcompany provides a productivity report for each quarter based on investment results. • In the first quarter of Wendy Kester 2010, the staff of Paducah Financial Consultants finished 5th in its peer group of over 600 banks in the United States! George Shaw was named as a leader in equity production, ranking 5th among his fellow professionals, as George Shaw reported in LPL Financial Focus magazine. • Paducah Bank and Paducah Financial Consultants would like to thank you for your confidence in our ability, your trust in our competency, and your belief in our integrity. We Keith Jennings only reach these proud moments in our industry because of your willingness to turn to us for financial advice and consultation. We honor that relationship, and we pledge to be worthy of your faith in us. Shirley Jennings PADUCAH FINANCIAL CONSULTANTS Located at Paducah Bank • 555 Jefferson Street • 575.6636 Securities and insurance products offered through LPL Financial and its affiliates member FINRA/SIPC Not FDIC Insured No Bank Guarantee May Lose Value Not a Deposit Not Insured by any Federal Government Agency Paducah Bank is not a registered broker/dealer and is not affiliated with LPL Financial VOLUME 17 • 2010 peeksneak INSIDE 30 36 10 41 38 26 18 12 Be the first one to spot this logo anywhere between pages 2 and 48 and win $100. E-mail Susan Guess at [email protected] with the page and 32 location. 44 6 WOW! The Official Publication for The Paducah Bank and Trust Company Photography by Glenn Hall 555 Jefferson Street • PO Box 2600 • Paducah, KY 42002-2600 • 270.575.5700 • www.paducahbank.com On the cover Emma Grace Hancock If you have questions about a product or service or would like to obtain a copy of Paducah 1st grader at Symsonia Elementary and Bank’s WOW!, contact Susan Guess at 270.575.5723 or [email protected]. MEMBER FDIC daughter of Kyle and Jimmilyn Hancock What have you done today to FEELproud? We’ve been asking that question of ourselves this year, and we thought we’d give you a chance to ask it as well. Send us your PROUD moment in 250 words or less, and program, or a project that will make a difference in the we will review your submissions and award a contribution life of someone else? of $500 to the charity/project of your choice if If so, we’d like to hear from you. Send your Proud you are the selected PROUD recipient. moment to Susan Guess at [email protected] or Our- new Paducah Bank bus will be rolling around mail it to Paducah Bank, PO Box 2600, Paducah, KY town reminding us to think about the moments each day 42002-2600. that make us proud. Have you The deadline for submissions is December 1. given of yourself to Proud to be your bank! a cause, a Proud to be Paducah Bank! Dear friends : joeframptom CEO wally batemanPresident omeone told us that Shakespeare wrote, “We know what we are, but know not what we MAY be.” Over the years, we have watched as our bank has been redefined time and time again. And that statement by the 16th century bard becomes most appropriate in our 21st century world. Each day we meet new challenges . we encounter new developments in our industry and in our community . we process input from our customers . we look for new ideas to make our provision of financial Sservices more efficient and valuable. And we think it’s safe to say that we have a good idea of who we are and even who we want to be. But who we MAY become is always the unexpected factor that we can’t anticipate. And that is truly the exciting part of working at Paducah Bank. For example, we are PROUD to be a partner with the Paducah Rotary Club, helping to provide free college tuition to WKCTC for local students. This is a perfect illustration of how we are ever-aware of what’s going on around us so that we can become a productive part of efforts such as this. How gratifying for us to be a part of something that MAY change the course of a young person’s life. It’s a pleasure to profile our city’s fine public golf course in this issue of WOW! Who knows what outstanding young golfers MAY develop by having a quality facility available to them. We also recently contributed a number of books to the local Head Start program. What impact MAY the love of reading have on a future generation? We know not what lies ahead. And therein lies the greatest expectation. Shakespeare MAY not have said that. So we thought we would! WOW! VOLUME 17/2010 • 3 Paducah Bank Ranked in Independent Community Bank Association Releases Annual topRankings for Top Performing American Banks20 Joe Framptom, CEO of $503 million-asset Paducah Bank, believes that having a great team of people contributes significantly to efficiency. “All of our employees have a stake in the bank. They make decisions on a daily basis that have a positive long-term impact,” Framptom says. “Our efficiency is a combination of many people consistently doing many small things well over a period of time.” Paducah Bank has five locations and 139 employees. “We concentrate on taking care of people,” Framptom adds. “And that translates into financial results.” ut more importantly, says Joe, “It translates into great customer service.” “Our efficiency The ICBA ranks top performing banks around the country in a number of categories each year. Paducah Bank ranked in the top 20 is a combination Bamong its peers in two standard banking industry efficiency measures. Among of many people Subchapter S banks in the $250-$500 million asset group, Paducah Bank ranked consistently doing 13th in Return on Assets and 9th in Return on Equity. Paducah Bank was the only Kentucky bank in its asset size in the rankings! many small “We are very happy to have earned this distinguished national recognition, things well over especially during 2009, which was a very challenging year for community banks,” Joe added. “We take tremendous pride in this achievement which we see as a result a period of time.” of all of us working together every day, in every way, in order to assure that our customers receive the highest level of customer service we can provide.” —Joe Framptom, Joe was also quoted in the Independent Banker magazine article crediting the bank’s Paducah Bank empowerment of its staff to be proactive in their daily responsibilities. “We want people to think and make decisions,” he commented. “Efficiency takes daily acts of awareness and evaluation. You never know when an opportunity for savings will present itself,” Framptom says. “Many of these decisions are made at the department level where employees regularly analyze costs and expenses. Our customers need to know that every person at Paducah Bank is conscientious about how we operate on behalf of our customers’ trust.” • 4 • WOW! VOLUME 17/2010 atm/banking locations As part of year-end performance rankings of ICBA members, ICBA Independent Banker pulls call-report data from the FDIC each year to identify the top community banks as measured by return on average assets (ROA) and return on average equity (ROE). banking hours The ICBA 400 list highlights the top 20 community bank performers www.paducahbank.com . .24 Hours in 20 asset and tax-status categories. WowLine! (24 Hours) . .575.6677 To allow for the most equitable peer- to-peer comparisons, top-performing LOBBY ICBA members are grouped by their Monday-Thursday . 8:45 a.m. - 4 p.m. Subchapter S corporation or Subchapter Friday . 8:45 a.m. - 6 p.m. C corporation tax-filing status. Those groupings are further separated into DRIVE-THRU five asset categories: banks with assets Monday-Thursday . .7:45 a.m. - 5:30 p.m. of $50 million or less; $50 million to Friday . 7:45 a.m. - 6 p.m. $100 million; $100 million to $250 Saturday (Lone Oak & Strawberry Hill) . .8 a.m. - Noon million; $250 million to $500 million; and more than $500 million. banking center locations MAIN OFFICE • 555 Jefferson Street . .575.5700 MID-CITY • 2401 Broadway . .575.5763 REIDLAND • 5542 Reidland Road . .575.5761 LONE OAK • 2635 Lone Oak Road . .575.5775 STRAWBERRY HILL • 4575 Pecan Drive . .575.5725 SOUTHSIDE COMING IN 2011! atm locations MAIN OFFICE . .555 Jefferson Street MID-CITY . 2401 Broadway REIDLAND . .5542 Reidland Road LONE OAK . 2635 Lone Oak Road LONE OAK (Super Valu parking lot) . .2855 Lone Oak Road STRAWBERRY HILL . 4575 Pecan Drive WEST PARK . 2781 West Park Drive JACKSON STREET (Super Valu parking lot) . .2965 Jackson Street MCCRACKEN COUNY COURTHOUSE . .300 South 7th Street LOURDES MEDICAL PAVILION . .Lourdes Medical Pavilion SOUTHSIDE (next to ExpressWay) . .3327 Irvin Cobb Drive WOW! VOLUME 17/2010 • 5 banknews WOW! More Wins for Paducah Bank and Paducah Financial Consultants aducah Financial Consultants offers financial products through LPL Financial and Pits affiliates. The company provides a productivity report for each quarter based on investment results. In the first quarter of 2010, the staff of Paducah Keith Jennings Shirley Jennings George Shaw Wendy Kester Financial Consultants finished 5th in its peer group of over 600 banks in the United States! George Shaw was named as a leader in equity production, ranking 5th among his fellow professionals.