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PEOPLES SAVINGS BANK

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YOUR PATHWAY TO THE FUTURE

Elma, IA • (641) 393-2301

A Division of Security State Bank Sutherland, Iowa

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We are hiring an Ag Loan Officer!

Primary duties will be in ag lending. The ideal candidate will have an agricultural background, ties to the area, good communication, leadership and prospecting skills. Experience is a plus but not required. Come join our community- minded team that will provide opportunities for professional and personal growth as we continue to remain an efficient, profitable and independent community bank in an ever-changing world. We offer a competitive compensation package with bank stock ownership potential.

Please send a cover letter and resume to: Bruce Weigel Peoples Savings Bank PO Box 357 Elma IA 50628 or bweigel@psbiowa.com.

Our Ag Lending Team services a variety of types and sizes of ag businesses including crops, livestock , vegetables, and processing. We take great pride in that all decisions are made locally. Our agricultural or commercial loans can be used for expansion, capital improvements, and restructuring existing debt. Loans can be tailored with varying maturities and fixed or variable interest rates to meet the needs of the customer. Our extensive experience with FSA Guaranteed Loans, Farmer Mac Loans, and other products enable us to offer financing solutions with competitive, long-term fixed rates. We also partner with FSA and IADA on Beginning Farmer Loan Programs.

Peoples Savings Bank merged with Security State Bank in Sutherland, Iowa on June 30th, 2019 so we are now a division of Security State Bank in Sutherland. Together we have $225 million in assets with a strong focus on ag. We have a $206 million loan portfolio with 78% of those loans in agriculture. Our Ag Lending team consists of 4 officers in Elma, 3 in Sutherland and 2 in Paullina. Prior to the merger, both banks had excellent ROA’s and ROE’s in large part due to keeping expenses down and having a high loan to asset ratio of about 90%. Our regular lending limit is now around $4 million and over $6 million with the additional privilege provision. We actively use the FSA Guaranteed Loan Program.