Bankers Trust, Iowa’s largest independently owned bank, today released its 2015 year-end earnings, reporting record performance for a sixth straight year. Combined bank earnings for 2015, were $37.1 million, a 12.4 percent increase over the same period in 2014.
The first Bankers Trust location in Phoenix opened in 2007. Since that time, the bank has grown from zero assets to more than $410 million in Arizona.
Combined assets as of December 31, 2015, rose to nearly $4 billion, an increase of more than $286 million over year-end 2014. Based on this, the Federal Deposit Insurance Corporation now ranks Bankers Trust in the top 250 banks by size in the United States.
“We truly are a community bank and are humbled to be flourishing in Arizona,” said Pat Rourke, Phoenix Market President.
Loan volumes increased by $285 million, or 10.3 percent, for another year of record growth. According to Don Coffin, Executive Vice President and Chief Lending Officer, “Bankers Trust outpaced the industry when it came to loan growth in 2015. We were able to make more loans, negotiate more transactions, provide more services, and support more customers in more ways than ever before. We continued to increase our presence in the communities we serve, while upholding our high underwriting standards. Our asset quality continued to remain excellent.”
“Total deposits increased 8.7 percent to $2.9 billion at year-end, an all-time high,” said Tim Kintner, Executive Vice President of Consumer, Private and Regional Banking Markets. “Every division and branch increased its contribution to the Bank’s success.”
“Due to another solid year, we proudly increased our philanthropic giving to support the communities we serve,” stated Suku Radia, CEO and President. “We invested $1.3 million over the past 12 months, which is the highest amount in the Bank’s nearly 100-year history.”