July/August 2014
Wisconsin Community Banker
37
CHANGING SCENE
The Certified Community
Banking Incident Handler
Certification
includes lectures with
a relevant topic related to common
incidents banks face including BYOD,
Incident Response Policies, CATO,
malware analysis, insider threats,
and data breach response.
The Certified Community
Banking Ethical Hacker
Certification
provides attendees
with a solid foundation of theory and
understanding along with plenty of
keyboard experience in running the
tools and interpreting the results
of penetration testing and ethical
hacking.
In the
Certified Community
Banking Board of Directors
Certification
, directors will learn the
key elements of each critical
component of an information security
program.
The Certified Community
Banking Technology Professional
Certification
program provides a
deep dive into critical components
of an information security program
to explore the technical design and
implementation of security controls.
The Certified Community Banking
Security Professional Certification
program will enhance each attendee’s
skill set and knowledge base in the
areas of information security to better
demonstrate their abilities for risk
management, information security
program development, and auditing.
The Certified Community
Banking Vendor Manager
Certification
provides attendees
with a solid foundation of theory,
along with an understanding of the
third party management process.
455 S Junction Road, Ste
101 Madison, WI 53719
Tel (608) 833-4229
Fax (608) 833-8114
The SBS Institute serves community
banks providing educational
programs to certify bankers with
the knowledge and skills to protect
against today's information security
threats.
Certification Program
Register online at
FNB Fox Valley
Groundbreaking
APPLETON—First National Bank
Fox Valley (FNB Fox Valley) held a
groundbreaking ceremony for its new
Appleton North branch in June at the
construction site, 835 W. Northland
Ave., across from Northland Mall.
The bank will occupy approxi-
mately 4,200 square feet of the new
building, leaving additional space
available for lease from Bomier Prop-
erties. Keller Construction is heading
up this project, which is expected to
be completed this winter.
Established in 1887, FNB Fox Val-
ley has $360 million in assets and 78
employees at locations in Appleton,
Neenah, Menasha, and Oshkosh.
Nicolet Receives
Chamber Award
GREEN BAY—Nicolet National Bank
received the 2014 Growth Award
from the Green Bay Area Chamber
of Commerce. The bank, with its $1.2
billion in assets, is “a very high growth
organization,” CEO Robert Atwell was
quoted as saying in the July 14 edition
of The Business News. “It’s in our
DNA. We understand how to do this
as a community bank.”
Waterstone Reports
Income
WAUWATOSA—Waterstone Finan-
cial, Inc., the holding company for
WaterStone Bank, reported net
income for the second quarter of 2014
of $3.8 million, compared to $1.9 mil-
lion for the quarter ended March 31,
2014 and $4.9 million for the second
quarter of 2013.
“Our community banking opera-
tions generated solid loan growth and
increasing net income. However, our
overall results continue to be impacted
by the decline in originations and mar-
gins the mortgage industry is experi-
encing,” said Doug Gordon, president
and CEO, in a media release. “We
continue to execute an organic growth
strategy to further leverage the capital
raised in the first quarter of 2014.”
During the quarter, the commu-
nity banking segment increased loans
receivable before allowance for loan
losses from $1.10 billion at March 31,
2014 to $1.12 billion at June 30, 2014.
The community banking segment net
income for the quarter ended June 30,
2014 totaled $2.8 million compared
to $2.2 million for the second quarter
of 2013. Community banking opera-
tions were positively impacted by
a $950,000 decline in provision for
loan losses from $1.2 million in the
second quarter of 2013 to $250,000 in
the second quarter of 2014 due to the
improving credit quality metrics.
The positive impact of the reduc-
tion in provision for loan losses and
a $361,000 increase in net interest
income was partially offset by an
increase in real estate owned expense
from $12,000 in the second quarter of
2013 to $705,000 in the second quar-
ter of 2014. The mortgage banking
segment reported net income of $1.0
million for the quarter ended June
30, 2014 compared to $2.6 million for
the quarter ended June 30, 2013. The
decrease resulted from a decrease in
the volume of loans originated and
sold, as well as a decrease in the mar-
gins earned on loan sales.
