Independent Banker - July 2019 - 51

Senior loan officer Robert
Spangelo, loan officer
Bruce Morman, president
Jolene Muscha, loan
assistant McKenzi Wehri
and compliance officer
Kelly Hoeven are part of
Bank of Glen Ullin's team.
brokerage firms on pricing options
to ensure that they can get the right
price for their crops. The bank has
formed relationships with vendors
that will sit down at a farmer's kitchen
table and teach them how to protect
pricing. That way, when they plant
a crop in April or May, they know
what they need to get for a price to
cover their costs. The bank manages
the bookkeeping on those marketing
plans, which are used to provide lines
Agriculture: Less than $500 million
Rank
Bank name
1
2
3
4
5
6
7
8
9
Bank of Glen Ullin
Glen Ullin, N.D.
Category: Agriculture (less
than $500 million)
Asset size: $58 million
Consumer loans to
assets ratio: 77.93%
Rank in category: 2
10
11
12
13
14
15
16
17
18
19
20
State Bank of Bellingham
Bank of Glen Ullin
State Bank of Lismore
Nebraska State Bank
Bank of Lindsay
Heartland State Bank
Bank of Newman Grove
Peoples Savings Bank
Security State Bank
United Farmers State Bank
Currie State Bank
First Bank and Trust of Fullerton
Logan State Bank
Farmers and Merchants Bank
BankNorth
Farmers and Merchants Bank of Kendall
Citizens State Bank
First State Bank
Sandhills State Bank
Great Plains State Bank
City
Bellingham
Glen Ullin
Lismore
Oshkosh
Lindsay
Redfield
Newman Grove
Elma
Sutherland
Adams
Currie
Fullerton
Logan
Milligan
Arthur
Kendall
Wisner
Randolph
Bassett
Petersburg
State
MN
ND
MN
NE
NE
SD
NE
IA
IA
MN
MN
NE
IA
NE
ND
WI
NE
NE
NE
NE
Agriculture loans
to assets ratio
81.12%
77.93%
74.52%
73.29%
73.17%
72.46%
71.97%
70.20%
69.85%
67.71%
67.38%
67.37%
67.31%
67.26%
66.74%
66.73%
66.41%
66.25%
65.62%
64.88%
Photo: Ben Gumeringer
independentbanker.org Q 49
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Independent Banker - July 2019

Table of Contents for the Digital Edition of Independent Banker - July 2019

Table of Contents
Independent Banker - July 2019 - Intro
Independent Banker - July 2019 - Cover1
Independent Banker - July 2019 - Cover2
Independent Banker - July 2019 - Table of Contents
Independent Banker - July 2019 - 2
Independent Banker - July 2019 - 3
Independent Banker - July 2019 - 4
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Independent Banker - July 2019 - Cover3
Independent Banker - July 2019 - Cover4
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