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R-2025-013 Depository Contract and Pledge Agreement with Central Bank of the Midwest
RESOLUTION NO. R-2025-013 A RESOLUTION APPROVING A DEPOSITORY CONTRACT AND PLEDGE AGREEMENT WITH CENTRAL BANK OF THE MIDWEST BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE, MISSOURI AS FOLLOWS: THAT the Riverside Board of Aldermen hereby approves the Depository Contract and Pledge Agreement with Central Bank of the Midwest, a copy of which is attached hereto in its substantial form, and further authorizes the Mayor to sign on behalf of the City; and FURTHER THAT the Mayor, the City Administrator, the Finance Director and other appropriate City officials are hereby authorized to take any and all actions as may be deemed necessary or convenient to carry out and comply with the intent of this Resolution and to execute and deliver for and on behalf of the City all certificates, instruments, agreements and other documents, as may be necessary or convenient to perform all matters herein authorized. PASSED AND ADOPTED by the Board of Aldermen of the City of Riverside, Missouri, the 4th day of February 2025. /s/ Kathleen L. Rose Kathleen L. Rose, Mayor ATTEST. /s/ Robin Kincaid Robin Kincaid, City Clerk DEPOSITORY CONTRACT AND PLEDGE AGREEMENT January 1, 2025 - December 31, 2028 THE DEPOSITORY CONTRACT AND PLEDGE AGREEMENT is made and entered into this 4th day of February 2025 by City of Riverside, Missouri ("City") and Central Bank of the Midwest, a corporation of Lee's Summit, Missouri ("Depository"): IN WITNESS WHEREOF,the City and Depository hereby agree as follows: 1. Depository has been selected by the City as a depository of moneys of the City as contemplated and permitted by Chapters 110 and 165 R.S.Mo., as amended. As described below, the Depository and the City intend to secure the deposit of public money by pledging collateral securities and perfecting a security interest in and creating a lien upon same as contemplated and permitted by state law, including the provisions above and Chapter 400, R.S.Mo., as amended. The referenced statutory provisions are deemed to be incorporated in this Depository Contract and Pledge Agreement. 2. Under this Depository Contract and Pledge Agreement, as appropriate, the City will direct its Treasurer or other agent to deposit from time to time with Depository moneys of the City in demand deposits and/or time deposits. 3. Depository will promptly collect all checks, drafts, and other instruments so deposited hereunder, and will safely keep the demand deposits made hereunder, and pay out the deposits or any part thereof as may from time to time be directed by the City. Depository will safely keep the time deposits made hereunder and pay out the deposits or any part thereof when the deposits or any of them are subject to withdrawal by the terms thereof. 4. Depository will pay to the City interest on moneys deposited with Depository for the period during which Depository holds a deposit or deposits. The rate or rates of interest to be paid by Depository shall be determined by the rate or rates in effect at the time of each deposit, as posed by the Depository, or based upon the applicable rates stated by the Depository in its bid applicable to such deposits. It is understood and agreed that rates may change from time to time and that the City shall be notified of any such rate changes in the same manner as notification is given to other depositors of Depository for the type of deposit affected by such change except as may be provided otherwise in the Depository's bid to the City. 5. To secure the safekeeping of the moneys deposited under this Depository Contract and Pledge Agreement, Depository will deposit securities of the kind and character specified in Chapters 110 and 165, R.S.Mo., as amended (hereinafter referred to as "securities"), in an amount which shall be at least equal in market value to 105 percent of the aggregate amount on deposit with Depository hereunder less the amount thereof, if any, which is insured by the Federal Deposit Insurance Corporation, or any successor federal government agency or entity established by law to insure deposits.The securities shall be delivered to,receipted for and retained by another bank or trust company or other safe depositories at the expense of Depository.Depository does hereby grant, bargain, convey and pledge a security interest in and lien upon any and all securities deposited with the District's custodian in accordance with the terms of this Depository Contract and Pledge Agreement. In every pledge and transfer of securities hereunder, Depository shall take all steps necessary to effect a"transfer"under Section 400.8-313, R.S.Mo., as amended, or where applicable, under any federal regulations governing transfers of securities. In addition to the rights and remedies given to the City hereunder, the City shall have all the rights and remedies of a secured party under Chapter 400, R.S.Mo., as amended. 6. The City may from time to time inspect the securities or book entry receipts for the securities and see that they are actually held by the banks, trust companies or other safe depositories mentioned in paragraph 5. 7. Depository may withdraw any of the securities to the extent that the market value of the deposited securities exceeds the amount required under this contract, and may withdraw securities upon the delivery of securities in substitution for those withdrawn, provided that such substituted securities shall have a market value equal to or greater than those withdrawn. 8. Depository shall, at times specified by the City, render a statement showing the daily activity in each amount. 9. Depository shall implement and maintain industry-standard cybersecurity measures, including encryption, multi-factor authentication, and monitoring systems, to protect the City's funds, data, and sensitive information. In the event of any actual or suspected cybersecurity breach affecting the City's accounts or data, the Depository shall notify the City within twenty-four (24) hours of discovery and take immediate action to mitigate the breach. The Depository shall also provide regular reports upon the City's request demonstrating its compliance with these measures. 10. In the event that Depository defaults in any manner in performing any of the terms and conditions of this Depository Contract and Pledge Agreement or fails to keep safely the moneys deposited with it, the City shall be authorized forthwith without notice, advertisement or demand, and at public or private sale, to convert into money the securities deposited or as many of them as may be necessary to pay the whole amount of the moneys deposited with Depository and the City may purchase any or all of the securities sold at any such sale as otherwise provided by law, with an accounting made to the Depository or its successor in interest. 11. If, at any time during which there are City funds on deposit under this Depository contract and Pledge Agreement, Depository comes under investigation, management or contract of the Federal Deposit Insurance Corporation (FDIC) or any other federal governmental entity authorized by law to implement the provisions of the Financial Institutions Reform and Recovery Act (FIRREA) or any similar or successor federal law, Depository shall so notify the City and shall further notify the FDIC or other appropriate federal agency or entity of the existence and terms of this Depository Contract and Pledge Agreement. In the event the Depository comes under investigation, receivership, or management by the Federal Deposit Insurance Corporation (FDIC) or any other federal or state agency, the Depository shall immediately notify the City in writing. Upon such notification, the City reserves the right to terminate this agreement immediately and transfer all City funds and securities to an alternative depository.The Depository shall fully cooperate with the City in such a transition. 12. Depository agrees to indemnify, defend, and hold harmless the City, its officials, employees, and agents from and against any and all claims, damages, losses, liabilities, costs, and expenses, including reasonable attorneys' fees, arising out of'or resulting from any negligent acts, errors, omissions, or willful misconduct of the Depository or its employees, agents, or subcontractors in the performance of this agreement. This indemnification obligation shall survive the termination of this agreement. 13. This Contract and Agreement constitutes the entire Contract of the parties and may not be modified or amended except by written instrument signed by the parties hereto. In the event that any portion of the Contract shall be held to be invalid or unenforceable, the remaining provisions hereof shall remain in full force and effect. The individuals executing this contract on behalf of the parties hereto represent that they have the proper corporate authority to enter into the transactions evidenced hereby. No right or remedy conferred upon or reserved by any party hereunder shall be exclusive of any other right or remedy which may be available to any party.The failure of any party to insist upon the strict performance of any term or conditions of this contract or the failure of any party to enforce any right or remedy available to it under this Contract shall not be construed as a waiver of any such term, conditions, right or remedy in the future, such terms and conditions, rights and remedies to remain in full force and effect as if no such forbearance has occurred. 14. Depository agrees to maintain a copy of this agreement in its official files during any period that it serves as Depository for the City. 15. This Contract shall expire on the 31'day of December 2028,with the option of renewing under the same terms for up to two (2), one-year mutually agreeable renewal terms. Based upon satisfactory annual review, such renewals are to occur automatically unless the Bank or City notifies the other party of non-renewal. 16. This agreement may be terminated by the City or the Depository upon at least ninety (90) days' prior written notice. In the event of termination by the Depository,the Depository shall cooperate fully with the City to ensure the proper and secure transfer of all City funds, including collateral, to a successor depository designated by the City. Termination by the Depository shall not take effect until all such funds and securities are successfully transferred and accounted for to the City's satisfaction." Attached hereto as "Exhibit A" is the Banking Services Proposal, and the provisions thereof are included herein by reference and made a part hereof. IN TESTIMONY WHEREOF, the parties have executed this Depository Contract and Pledge Agreement in duplicate and affixed their seals as of the date first above written. City of Riverside.Missouri (Seal) By: /s/ Kathleen L. Rose Attest: /s/ Robin Kincaid Central Bank of the Midwest Depository (Bank Seal) By: /s/ CEO/Chairman of the Board Attest: /s/ Laura Nally, VP Secretary A COMPREHENSIVE PROPOSAL IN RESPONSE TO THE CITY OF RIVERSIDE REQUEST FOR PROPOSAL FOR BANKING SERVICES ISSUE DATE: MARCH 17, 2021 PROPOSAL/BID DUE DATE: APRIL 9, 2021 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • Contact: Tammy Moody TABLE OF CONTENTS Letter from our Commercial Relationship Manager 4 Introduction 4 Scope Term Compensation Account Statistics Proposal Procedures 5 Anticipated Schedule of Proposal Proposal Submission Package Format Submission of Proposals Effective Period of Proposals Evaluation and Award Criteria Right of Rejection by City of Riverside Contract Negotiation Award of Contract Scope of Services 5 Current Banking Services Required Banking Services Account Scope and Services 6 Operating Bank Account Municipal Court Bond Account Payroll Account Investments New Accounts Other Value -Added Banking Services 7 ReSubmitlt° PayCheckPlus Cards HSA Central Bank at Work Information Requested 10 Proposal Cover Sheet — Attachment A Qualifications and Experience — Attachment B Financial Information — Attachment C Personnel Information — Attachment D Banking Services Pricing and Account Analysis 11 Electronic Service Options: Business Online Banking — BusinessLink 12 Wire Transfers 12 ACH Origination 13 ACH Positive Pay and Check Positive Pay 14 Remote Deposit Capture 14 Reporting 15 Control 16 Overview of Disaster Recovery Risk Assessment Business Continuity Program Plans Resumption Plan Conversion 19 References 19 Sample Contracts and Agreements 19 Other Information 19 ATTACHMENTS: Note: The information contained in the attachments are proprietary. Proposal Submission Package: Attachment A — Proposal Cover Sheet Attachment B — Qualifications and Experience Attachment C — Financial Information Attachment D — Personnel Attachment E — Interest Calculation Attachments F,G,H — Proposal Pricing Attachment I - References Requested Attachments: Sample Reports Sample Billing Invoice Sample Account Analysis Sample eStatement Sample Collateral Report Sample CSV Activity from Online Banking Sample ACH Return Resolution Sample ACH Notice of Change Sample Transaction Confirmation Sample Wire Transfer Summary Report Sample ACH Summary Report Sample Information Reporting Insurance Certificates General Liability Insurance Certificate Cybersecurity Insurance Certificate Professional Liability & Errors Omissions Insurance Certificate Sample Contracts & Agreements Understanding Your Business Deposit Accounts Electronic Business Services Agreement Electronic Business Services Terms & Conditions Security Custodial Agreement Financial Information Independent Auditors' Report Intenal Auditors' Report Call Report as of 12/31 /20 Central Bancompany 2019 Annual Report Central Bank of the Midwest April 9, 2021 Robin Kincaid City Clerk City of Riverside 2950 NW Vivion Road Riverside, MO 64150 Dear Ms. Kincaid and Review Panelists: Central Bank of the Midwest(CBMW) is pleased to submit our proposal'for Banking Services to the City of Riverside (City). We have been the premier provider of banking services to institutions and governmental entities in Missouri and Kansas for over sixty years. We are relied upon year after year to provide quality treasury management services to many of the large public institutions including community colleges, statewide retirement plans and entities like Treasurer's Office and Department of Revenue. We also know the value of keeping overhead low for our customers. We provide a level of value and depth few firms in the Midwest can match: • We maintain a strong level of support for our local community. We understand that we only succeed when our community does and we all grow stronger as a result. CBMW will assign a select group of bank officers and managers to oversee the City's accounts. A highly-experienced single point of contact will be assigned for the City to interact with on a daily basis to ensure clear communication and smooth operations. With local bankers providing the local contact we believe we will be providing world-class service. • We provide similar services for many of the largest public fund and institutional entities throughout Missouri and Kansas. By owning our own technology company, Central Technology Services, our capabilities, commitment to accuracy and flexibility are unmatched. • As one of the 50 largest originators of ACH transactions in the nation, we are committed to the future of ACH. Our commitment to staying at the forefront of financial technology will make managing your funds easier and executing business transactions faster. • CBMW is an affiliate bank of Central Bancompany; a 13-bank holding company with nearly$17 billion in assets. Our relationship with Central Bancompany provides us access to a wealth of additional services, support and locations to meet any customized banking need the City has today and in the future. • The prestigious financial publication Forbes has recognized our banks for 13 consecutive years as being among 100 of America's Best Banks. In 2021 we have earned the ranking of the 4th Best Bank in the nation. As Vice President, I am authorized to execute this proposal on behalf of Central Bank of the Midwest. We appreciate this opportunity to respond and look forward to a long and successful relationship. Sincerely, Sonci Bleckinger Vice President, Commercial Relationship Manager Page 14 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 1. INTRODUCTION 1.1. SCOPE Central Bank of the Midwest has a full service location within a quarter mile of the City of Riverside municipal complex. The staff at the Riverside branch of CBMW are familiar with the staff and elected officials in Riverside. We have had the pleasure of serving the City for many years. 1.2. TERM Central Bank of the Midwest acknowledges the terms of the request. 1.3. COMPENSATION Central Bank of the Midwest will submit a bill to the City monthly for banking services per the account analysis statement. 1.4. ACCOUNT STATISTICS Central Bank of the Midwest has provided the fee arrangement on Attachments F-H. 2. PROPOSAL PROCEDURES 2.1. ANTICIPATED SCHEDULE OF PROPOSAL Central Bank of the Midwest acknowledges the anticipated schedule of proposal. 2.2. PROPOSAL SUBMISSION PACKAGE FORMAT Central Bank of the Midwest will adhere to the requested format for the proposal. 2.3. SUBMISSION OF PROPOSAL Central Bank of the Midwest acknowledges the terms of the submission of proposal. 2.4. EFFECTIVE PERIOD OF PROPOSAL Central Bank of the Midwest acknowledges the effective period for proposal. 2.5. EVALUATION AND AWARD CRITERIA Upon the evaluation of this proposal and the existing experience the City has with the stiff at the Riverside branch of CBMW we are confident we will exceed your expectations of service. 2.6. RIGHT OF REJECTION BY CITY OF RIVERSIDE Central Bank of the Midwest acknowledges the right of the City to reject proposal. 2.7. CONTRACT NEGOTIATIONS Central Bank of the Midwest acknowledges the intention of contract negotiations. 2.8. AWARD OF CONTRACT Central Bank of the Midwest acknowledges a final contract negotiation if awarded the bid. 3. SCOPE OF SERVICES 3.1. CURRENT BANKING SERVICES This proposal includes services for the City's Operating account, Payroll account and Municipal Court Bond account. 3.2. REQUIRED BANKING SERVICES Central Bank of the Midwest meets the required qualifications for this proposal. Page 15 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net A. ACCOUNT SCOPE AND SERVICES 1. Interest will be credited to both the Operating account and Payroll account. The rate of interest will be 70% of the 91 Day Treasury Bill with a floor of 0.05%. Interest paid will be reflected on the monthly statement. 2. All charges are reflected on Attachments F-H and in additional attached documents as noted on the Attachments. 3. Research requests will be completed upon request by authorized officers and staff of the City. Any charges occurring as a result of research will be included on the monthly billing. 4. All deposit accounts will have a month-end statement cutoff date. The deposit account statements will be available Online the following business day. Paper statements are printed the following business day after cutoff and mailed via U.S.P.S. immediately. Checks that have cleared the accounts will be available for viewing Online and information can be exported from Online Banking. Checks may be exported in CSV format from Online Banking and sorted as desired. 5. BusinessLink is our Online Banking product. Authorized individuals will have access to the specific services requested by the City. With a single sign-on,for authorized users, BusinessLink is designed to access account information including balances, cleared checks, stop payments and monthly statements. The Wire Transfer and ACH modules are also accessible via single sign-on for authorized users. 6. Central Bank of the Midwest will provide sufficient collateral, as required by Missouri statute Section 30.270 RSMo. Balances will be checked on a daily basis and collateral will be increased as required by the Missouri statute. At the end of each month, and as otherwise reasonably requested by the City, CBMW will provide a report of collateral pledged and the market value of the collateral. 7. Upon request by the City, Central Bank of the Midwest will provide other services with reasonable and mutually agreeable fees to be charged by the Bank. 8. Central Bank of the Midwest will provide the following supplies as needed: a. Printed duplicate deposit slips-$55 for 150 b. Locked bags-Free;Tamperproof disposable bags-Free (9x12) c. Endorsement stamps as requested by the City-$18 each 9. If a deposit discrepancy should occur, it will be brought to the attention of the Finance Officer or his designee on the same day as the discrepancy is found. 10. Central Bank of the Midwest will provide Check Positive Pay and ACH Positive Pay as fraud prevention measures for the City. Check Positive Pay allows for electronic file submission or manual check entry via online access. Decision making for both Check and ACH Positive Pay will occur online. See Attachment F for additional information. B. OPERATING BANK ACCOUNT Please see Attachment F for the fees associated with a Public Funds Interest Checking account. This account reflects fees for Check Positive Pay, ACH Positive Pay, Online Wire Transfers and ACH Origination and Remote Deposit Capture. C. MUNICIPAL COURT BOND ACCOUNT Please see Attachment G for the fees associated with the Small Business Checking account. Attachment G includes pricing for Check Positive Pay and ACH Positive Pay but neither may be required on this account. Access to the Online ACH Origination and Wire Transfer modules for this account are included at no additional monthly fee. Only the ACH per File fee,ACH per Item Fee and per Wire Transfer fee would apply. Page 16 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 D. PAYROLL ACCOUNT Please see Attachment H for the fees associated with the Public Funds Interest Checking account. Attachment H includes pricing for ACH Positive Pay. Access to the Online ACH Origination module for this account is included at no additional monthly fee. Only the ACH per File and ACH per Item fees will apply. E. INVESTMENTS Central Bank of the Midwest acknowledges that the City may bid investments outside of the depository contract. Should a bid for investments occur we would appreciate notification. The Investment Services division of Central Bancompany, located in Jefferson City, Missouri, actively manages funds and investments for institutional clients across the entire corporation. Along with managing specific portfolios for 14 Central Bancompany entities, approximately$4 billion, excluding cash, the Managed Accounts/Registered Investment Advisors (RIA) also manage the investments for 35 external relationships. This group maintains long-standing relationships with large institutional clients and currently manages approximately$865 million in assets. The Investment Services division would work very closely with the City to devise an investment approach. F. NEW ACCOUNTS Central Bank of the Midwest acknowledges that if the City develops a need for additional accounts or services, the accounts or services will be provided with the same conditions that apply to the existing similar accounts at the time. 3.3. OTHER VALUE ADDED BANKING SERVICES Re$ubmitlt® Central Bank of the Midwest follows standard bank procedures for returned deposited items. When a return is detected, the City's account will be debited the return amount and the image replacement document(IRD) is sent to the City. The IRD becomes the legal copy of the check and may be redeposited if eligible. Central Bank of the Midwest provides a service specifically designed to meet the needs of public fund and commercial customers for check re-presentment. While a significant amount of banking business is now done electronically, acceptance of paper checks remains a central requirement for accounts receivable operations. However, doing so is not without risk. Recent financial industry studies indicate that between one and three percent of checks presented will not clear due to non-sufficient funds(NSF). Businesses using traditional collection methods recover only about 40 percent of funds from checks that have been returned as NSF items. Our Re$ubmitlt® solution helps to mitigate the risk involved in accepting paper checks by using customized electronic re-presentment, or"RCK"technology, coupled with strategic timing algorithms. Re$ubmitlt® recovery works well for our customers who seek to utilize proven RCK(electronic re-presentment) technology to help collect more money from a low to moderate number of NSF checks. Re$ubmitlt®offers a significant number of benefits: • Free service to the District • Dramatically improves collection of NSF checks • Reimburses 100 percent of the check's face value • Recovers money faster • Simple to use • Toll-free customer support • 24/7 web access to track status of each check in the recovery process plus access to a variety of reports • No change in day-to-day accounts payable operations Page 17 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 Value-added Features: • Automated electronic payments to vendors • Exceptional on-demand reporting • State-of-the-art payable processing center • No-hassle vendor enrollment PayCheckPlus Cards Prepaid Debit MasterCards with all the payment capabilities of a traditional debit card are a payroll option for your employees who do not have a bank account. The City will not be assessed a program usage fee. There is no setup fee, the card can easily be replaced if lost or stolen. These cards are re-loadable and your employees receive FREE text messages when payroll is available. This card lets them pay bills and view account activity online. They can check their exact account balance, set low-balance alerts to help them stay on track—even get cash back. Your employees get the freedom and convenience of a debit card. The District will save time and money by loading the cards the same way you process regular direct deposit instead of cutting checks. HSA Central Our HSA Central accounts provide flexible features for account holders to manage their healthcare expenses anytime, anywhere. Enrollment, contributions and distributions can all be managed online without stepping into a bank branch. HSA Central Debit Card MasterCard®: CBMW provides a debit card for each account holder. The card is accepted anywhere MasterCard is accepted and can be used to pay for any qualified healthcare expenses. Online Transfers and Bill Pay: HSA Central utilizes Online Transfers and Bill Pay which allows users to pay bills or reimburse themselves online or through a mobile device without having to worry about checks, envelopes or stamps. Simply enter the payee information online and the check is sent on the account holder's behalf or funds are moved to another checking or savings account electronically. Users can control who gets paid and when and can save time by setting up monthly recurring payments. Investment Options: HSA Central allows account holders to invest a portion of their health care dollars in a grouping of widely recognized mutual funds across a spectrum of asset classes. HSA Central provides an easy-to- use hub to help account holders manage, protect, and grow health care dollars on their terms with the tools needed to make smart investing decisions. If participants would prefer to work face-to-face with someone to manage their HSA investments, they can work directly with one of our investment representatives from Central Investment Advisors. Dedicated Mobile App: Account holders also have access to the mobile banking site 24 hours a day, 7 days a week. If users have an Apple or an Android device, they can search their app store for HSA Central and download the app-it's that easy. With the mobile banking app, they'll have secure and immediate access to account information to view activity and pay bills. Additionally, account holders can enroll in email or text updates to receive balance and transaction updates on the go. Page 18 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 Bank at Work Our unique Bank at Work program helps make the financial lives of your employees easy. With a dedicated team of specialists, we work to connect program participants with tools and resources that will ensure they are making the most of their hard-earned money. With access to tailored financial education content both online and via seminars, your employees will have the resources to help them make more educated decisions at any point in their financial journey. Program participants will enjoy discounts on our best financial solutions and introductory rewards offers when they open an eligible checking account with us through Bank at Work Such as: • $500 off Mortgage Closing Costs • $250* for opening an eligible MaxMoney Checking Account • 0.30% off APR rate of Consumer Loans (Subject to Credit Approval) • Plus all of the benefits that come with the MaxMoney Checking Account: o Cell Phone Coverage o Identity Monitoring o Rewards Opportunities o Free Checks o And much more! BEST IN TECHNOLOGY 30,000+ Reviews WITH THE AWARD-WINNING AND HIGHLY RATED CENTRAL BANK MOBILE APP, YOU CAN DO MOST ALL OF YOUR BANKING ON THE GO,ANYTIME! Page 19 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 4. INFORMATION REQUESTED 4.1. PROPOSAL COVER SHEET-ATTACHMENT A 4.2. QUALIFICATIONS AND EXPERIENCE -ATTACHMENT B A. Bank background and history. See Table, Attachment B B. Central Bank of the Midwest is a"Bank" as defined in Section 362.910 RSMo. Section 362.910 RSMo defines "Bank" as any bank, trust company or national banking association which accepts demand deposits and makes loans, and which has its principal banking house in Missouri and a branch of any bank, trust company or national banking association which accepts demand deposits and which has a physical presence in Missouri, other than a branch located outside of Missouri. C. CBMW Riverside branch information. See Table, Attachment B D. CBMW Riverside branch information. See Table, Attachment B E. CBMW experience. See Attachment B Continued 4.3. FINANCIAL INFORMATION -ATTACHMENT C A. Financial standing. See Attachment C B. Central Bank of the Midwest has no access to the Sheshunoff Rating, including CAMEL factors.We do not subscribe. If the City wishes to obtain this rating we will negotiate a reimbursement of cost. C. The December 31, 2020 Call Report attached 4.4. PERSONNEL INFORMATION -ATTACHMENT D A. Dedicated Management Team. See Attachment D B. Biographical Information. See Attachment D Continued 4.5. BANKING SERVICES A. Central Bank of the Midwest is organized in an efficient and effective manner. The Retail Branch in Riverside will work directly with the Business Solutions Department so that the deposit accounts and treasury services are opened in a seamless manner. We will communicate with our Accounting department so that collateral is placed in conjunction with the funding of the new accounts. All document signing and training will be coordinated to work with the City's schedule. All new accounts and services will be in place and operational by July 1, 2021. B. Central Bank of the Midwest will pay interest on the Operating and Payroll accounts at an interest rate of 70% of the 91 Day Treasury Bill with a floor of 0.05%. See Attachment E C. CBMW is not proposing the use of an overnight Repurchase Agreement. D. All deposits made to the Riverside branch during regular branch hours will be processed on that business day. E. All City funds not covered by FDIC Insurance will be covered by pledged securities of a kind and character described in Section 30.270 RSMo. Pledged securities will also be covered as described in Sections 110.010, 110.020 RSMo. Examples of securities include US Treasury, State of Missouri Bonds, AAA- rated out of state muni bonds, State Agency Bonds and U.S. Government agencies. Page 110 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 4.6. PRICING AND ACCOUNT ANALYSIS A. Basic banking services proposed pricing. See Attachments F-H B. Summary of charges: Central Bank of the Midwest SUMMARY DESCRIPTION OF SERVICES PRICE/UNIT Operating/Payroll Accounts Checks & Other Debits $ 0.20 Deposits & Other Credits $ 0.20 Deposited Items $ 0.15 ACH Debits $ 0.20 ACH Credits $ 0.20 Municipal Court Account 100 items or less per month-no per item fee $ 0.00 Operating/Payroll/Municipal Accounts Deposited Items Returned $ 5.00 Incoming Wire Transfers $ 15.00 BusinessLink Corporate ACH & Wire Module (1 monthly fee covers all accounts) ACH Transactions: 1 $ 30.00 ACH Debits and Credits Originated $ 0.15 ACH Files Originated $ 3.00 ACH Items Returned Online: $ 5.00 Online Domestic Wire $ 15.00 Online International Wire $ 45.00 Online Stop Payment $ 15.00 Multi -Feed Remote Deposit Scanner (1 monthly fee covers all accounts) Positive Pay $ 75.00 Check Positive Pay $ 35.00 Check Positive Pay Items $ 0.06 ACH Positive Pay Optional Services $ 35.00 Check Image CD-ROM $ 15.00 Image Library Software (one-time setup fee) $ 325.00 Zero Balance Accounts ZBA Master -Sweep Funding Account $ 25.00 ZBA Child -Sweep Recipient Account $ - 10.00 Cash Depositing Cash Depositing Processing Fee $ 0.25 No fee for the first $10,000.00 in cash, $0.25 per $100.00 for cash in excess of $10,000.00 C. Electronic Service Options: Page 111 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 BusinessLink Access to Online Treasury Management Central Bank of the Midwest's innovative and user-friendly on-line cash management system provides a valuable interface to access complete banking information. A host of banking services are available by connecting to the bank anytime, anywhere. Transactions are executed and confirmed quickly. BusinessLink is flexible and sophisticated enough to meet the cash management needs of the City. Central Bank of the Midwest continues to be forward thinking by investing in technologies that will serve you today and for years to come. We will provide the City's authorized users with access to our Business Online suite of services which includes BusinessLink, our online cash and account management application. BusinessLink shows account balances and pending activity in real-time, including memo-posted items and includes integrated ACH Origination, Wire Transfer and reporting functionalities. User access can be easily tailored based on job duties and required functionality. CBMW's single sign-on feature allows an authorized user to sign on only once to access any combination of systems within Business Online Services. Each authorized user will only be able to access those systems that have been authorized for use. BusinessLink provides the most up-to-date systems so authorized users can efficiently manage accounts in a safe and secure online environment. Fraud tools like Positive Pay and token access, demonstrate CBMW's commitment to delivering the latest technology, all designed with entities like the City in mind. BusinessLink allows for the following: • Account Balance Inquiries • Account Activity Inquiries • Account Transfers • View Images of Checks, Deposit Slips and Deposited Items • Electronic Bank Statements • Account Alerts • Administrative Rights-manage user access • Dual Approval Process • Stop Payments • Wire Transfers • ACH Origination Pricing:$30 per month for BusinessLink which provides access to all accounts Wire Transfers The BusinessLink Wire Transfer module allows for the opportunity to initiate wire transfer requests at any time. The Wire Transfer module can create a single wire transfer request or send multiple wire transfers at one time. Wires created and sent through BusinessLink have a daily cutoff of 4:00 p.m. CST to ensure same-day delivery. The verbal request of a wire transfer is highly discouraged due to the significant risk for fraud. Wires requested via BusinessLink using dual approval provide the highest level of security to the City. BusinessLink features multi-layered security capabilities to control system access and protect transferred data. CBMW's System Administration will initialize the Wire Transfer module and the individuals authorized within the BusinessLink application. CBMW will supply these authorized users with a unique user id, password and token for secure access to the Wire Transfer module. The City will then assign an Administrator who will assign what system actions the authorized users may conduct. Page 112 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 Within the Wire Transfer module, there are three (3) layers of security: • Multi-factor Authentication In addition to User ID and Password, users will also be assigned a token which presents a new, randomly generated code every few seconds. To access Business Online Services, the user will submit their personal User ID, Password and current token code. • Tiered/Multiple Control Level The system offers the ability to employ parameters which mandate wire transfer approval structures at the system level as well as the transaction and user level. While one user may be authorized to submit payment instructions, a second or even third may be required to approve the release of the transaction to CBMW. • System Alerts Each user has the ability to create alerts to notify them when payment instructions have been changed, a payment is pending approval or a payment has been sent. As an enhanced out-of-band layer of security, when accessing the ACH Origination and Wire Transfer modules in BusinessLink, a one-time verification code will be requested and sent to one of the contact options for the City's authorized users. The user can request the verification code be delivered by email or text message to a verified mobile phone number. Wire Transfer templates may be created and saved to store payment data. The saved templates can be used repeatedly to save time and reduce the risk of input errors. The saved templates can be modified should the wire recipient's payment data change. In addition to viewing sent wire transfers on the Summary page in the Wire Transfer module, BusinessLink offers three standard, predefined reports which provide summary and detail information of the City's wire transfer activity. • Wire Transfer Summary Report Contains the same data as the Wire Transfer Summary page or data as specified in the report definition. • Wire Transfer Detail Report Contains the data as specified in the report definition. • Wire Transfer Approval Report Contains information relating to which wires needed approval. Users also have the ability to create Customized Reports by utilizing report definition settings. This tool allows the user to specify the criteria of the data which they wish to report. Once definitions have been saved, the report becomes available under the Report Summary tab. In addition to transaction reporting, the Audit Summary offers a report of user activity including activities initiated by each user. The Audit Customer User Summary provides summaries which report user access to ACH Origination, Wire Transfer and last login date. Pricing:$12 per domestic wire submitted and$45 per international wire submitted ACH ORIGINATION Central Bancompany continues to be one of the 50 largest ACH originators in the United States. To stay current in technology and leading edge functionality, the bank has chosen to stay with a technology leader, Fiserv. Central Bancompany is also a member of EPCOR, an agency that provides our company with reliable payments and risk management education, information, support and Page 1 13 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 national industry representation. We're proud to offer the City the same capabilities of the country's largest banks while providing the level of personal and knowledgeable service that only a community bank provides. CBMW offers ACH Origination services via Fiserv' PEP+, ACH mainframe system software which is an industry leading online, real-time system for originating and receiving electronic payments through ACH. It is a proven, reliable, flexible and user-friendly platform for our technical team and our users. PEP+can be accessed to originate ACH files through our online cash management platform, BusinessLink. BusinessLink allows for templates to be created and saved to store recipient data. The templates can be used repeatedly to submit an ACH. BusinessLink also allows users to upload NACHA formatted files for submission. BusinessLink allows authorized users to initiate ACH payments through a secure, encrypted site for Vendor Payments, Employee Pay and Customer Collections, including payroll cards. Authorized users will access BusinessLink with user id, password and token code. When accessing the ACH Origination and Wire Transfer modules in BusinessLink, a one-time verification code will be requested and sent to one of the contact options for the City's authorized users. The authorized user can request the verification code be delivered by email or text message to a verified mobile phone number. ACH files sent through BusinessLink have a daily cutoff of 7:00 p.m. CST to ensure next business day delivery. Same business day delivery is available with a cutoff time of 2:45 p.m. CST. CBMW recommends using dual approval when submitting ACH files to add an additional layer of security. Once a file is submitted and approved the Reports feature can be used to customize reports based on different criteria. The ACH module allows for ad-hoc reporting based on a large number of field choices and options, including dollar amount, date, and company/payee name. The reporting feature is available to users with ACH Origination access, and will allow users to research, view, and print detail or consolidated summary reports based on ACH activity. Pricing:$3 per ACH file submitted and$0.15 for each item in a file ACH POSITIVE PAY AND CHECK POSITIVE PAY See Attachment F REMOTE DEPOSIT CAPTURE Remote Deposit Capture is offered through our eDeposit application. eDeposit enables you to create check images and deposit them in the bank electronically. eDeposit has the ability to research transactions related to your deposits and create management reports. eDeposit has an extended deposit cutoff time of 6:00 p.m. CST for deposits to post on the same business day. The extended cutoff for making deposits along with the added flexibility of being able to make deposits from the office provides the City with added security during times of inclement weather and our changing public health requirements. CBMW will provide a small, tabletop scanning device along with eDeposit software to create images of your checks for deposit. The software automatically verifies each check using advanced handwriting recognition software. Complete and balanced deposits are transmitted to the bank via a secure internet connection. eDeposit examines each check to ensure that the MICR line is present and contains the standard information such as check number, account number and bank routing number. Each item also goes through Courtesy Amount Recognition/Legal Amount Recognition (CAR/LAR)which systematically reads the numeric and written amount on the check and then assigns the correct amount to the item. eDeposit allows for the addition, deletion and rescanning of checks during both the correction and balancing functions. Page 1 14 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 The eDeposit application provides for up to 12 different user-defined fields. Each user-defined field can be required or optional and contain up to 40 alpha, numeric or alpha-numeric characters.All data can be exported from eDeposit, including MICR information on the deposited checks, account information from the deposit slip and all data keyed into user-defined fields. We use a standard virtual endorsement overlay on the rear image of the check. The endorsement can contain up to six lines, each line containing up to 32 characters including spaces. Each line is available for customization. eDeposit sprays a tracer number on the rear of the check prior to it being captured. The tracer number is one line containing up to 41 characters. It contains the processing date, location id, transactions id and item id. Value-added Features: • No limit to the number of checks per deposit • Deposits can be made to all City accounts • Easier account reconciliation-export CSV file • No need to purchase deposit slips or endorsement stamps • Deposits are memo posted in real-time after transmission; visible in BusinessLink • Administrative control and management(reset passwords, etc.) • eDeposit Call Center available Monday-Friday 7:45 a.m. to 5:00 p.m. CST Pricing: $75 per month for one scanner. Able to deposit to all account. D. Sample Billing Invoice attached 4.7. REPORTING A. Central Bank of the Midwest will provide the City of Riverside with the following: • Monthly Account Analysis Statements-printed and mailed • Monthly Account Statements-printed and mailed • Monthly Collateral Report-printed and mailed B. BusinessLink Online Banking will provide access to the following: • Electronic Monthly Account Analysis Statements-PDF • Electronic Monthly Account Statements-PDF • Export Account Information Available Anytime-various file formats including CSV • ACH Return Resolutions Upon Receipt by RDFI-PDF • ACH Notice of Change Upon Receipt by RDFI-PDF • Transaction Confirmations As Generated by Workflow-PDF • Various Wire Transfer Reports Available Anytime-PDF or CSV • Various ACH Origination Reports Available Anytime-PDF or CSV • eDeposit Data and Image Export Available Anytime-TIF, CSV, Text, QuickBooks • Information Reporting/Reconciliation from Positive Pay-various formats It is recommended to use Internet Explorer 11.0 or higher for access to the ACH/Wire modules. A web browser of choice can be used for access to BusinessLink for account information or eDeposit. All of the above are included in the monthly cost of BusinessLink. C. Sample Reports and Records of the following: • • Account Analysis Statement • Account Statement • Collateral Report Pagel 15 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 • Exported Account Information from Online Banking • ACH Return Resolution • ACH Notice of Change • Transaction Confirmation • Wire Transfer Summary Report • ACH Summary Report • Information Reporting for Account Reconciliation-Partial and Full D. Central Bank of the Midwest is willing to discuss the customized reports needed by the City. CBMW offers Image Library Software that will allow you to upload files with digital images of all cleared items. There is a one-time setup fee of$325 for the software. If a monthly CD-ROM is required the fee is$15 per CD. 4.8. CONTROL A. If a CBMW business customer is using Check Positive Pay and a check is presented at the teller Line, the check will be authenticated against the item in Check Positive Pay. The bank uses reasonable industry standards to attempt to verify checks when presented for payment. B. Through ownership of our own technology company, Central Technology Services, CBMW has developed an extremely robust disaster recovery plan, which is reviewed and refined regularly. It is our singular goal in this business area that through maintaining industry-leading practices, proven procedures and the use of fixed, hardened assets and off-site locations, our customers will not experience any delay or interruption of their operations, should the worst come to pass. Central Bancompany, the parent company for Central Bank of the Midwest develops and requires the regular testing and evaluation of disaster recovery and business continuity plans for all 13 affiliate banks. To maintain continuity of operations and customer confidence, we have created and implemented an effective Business Continuity and Disaster Recovery Plan (BCP/DR)to facilitate and expedite the resumption of business after a disruption of operations and/or information systems. With this contract, all databases and systems will be housed at Central Technology Services. Our plans enable us to minimize the impact on business interruptions, limit losses, mitigate the effects of disruption and enhance the ability to remain compliant with laws and regulations. We annually test and review these plans to ensure they remain current and our staff maintains an understanding of their responsibilities. Planning is never final; the Business Continuity Program (BCP) is reviewed cyclically each year. Overview of Disaster Recovery Since disruptions come in a variety of forms, we have developed our plans to be flexible and adaptable. We focus on three types of events, assuming that any disruption could be classified as one or more of the following: • Facility Event—A facility could be destroyed or a facility could simply be unavailable for normal processing for an unspecified period of time. • People Event—A department, facility or the entire company could have a significant reduction in staff for an unspecified period of time. • Systems Event—A specific application necessary for processing or the entire network/system may be unavailable for an unspecified period of time. Central Bancompany has defined the Business Impact Analysis (BIA)and Risk Assessment as the foundation of the BCP. The BIA enables Central Bancompany to identify and reduce potential risks to the company through the development, implementation and maintenance of a written enterprise-wide BCP. Where possible, standard documentation is created and maintained by Central Bancompany's BCP staff to help ensure consistency and usability of the BCP. The program requires affiliates and business units to document business continuity strategies that help recover, resume and maintain functions and processes that are critical. In addition to developing strategies, affiliates and business units are required to maintain documents that supplement the standard components of the BCP. Page 116 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 Business Impact Analysis (BIA) A Business Impact Analysis (BIA) is completed for each affiliate and first tier service provider business units. For business units that function across affiliates, a standard BIA is prepared, and each affiliate reviews to ensure all processes are covered. BIAs are completed primarily in group settings which includes representation from all affected affiliates. The completed BIA: • identifies processes and high level workflows handled by each business unit • Identifies dependencies and interdependencies for each process • Analyzes core processes, their impacts to the company and their Maximum Allowable Downtime (MAD) as they relate to five categories: customers, reputation, legal/regulatory, financial, and data loss • The lowest MAD score of the customer, reputation, legal/regulatory, and financial categories will help identify the Recovery Time Objective (RTO)for each process. The RTO defines how quickly the business unit needs dependencies restored or available for them to recover the process Risk Assessment Risk assessments are completed for each affiliate. During the assessment, business processes and assumptions are evaluated using various threat scenarios. The results of the risk assessment may require changes to the BCP but only to ensure that risk exposure is being minimized. The assessment is reviewed regularly and updated to reflect applicable threat scenarios. The completed risk assessment: • Identifies various threats that could cause interruption to normal business operations • Analyzes each threat for the impacts to four categories: staff, systems, facilities, and customers, and the probability of occurrence for each threat • Assigns a risk score to each threat utilizing the impact scores and the probability and thus prioritizing potential threats based upon severity. The greater the impacts and the probability, the greater the risks that the threat may impose on the affiliate • Includes a gap analysis for the threats with the highest risk that will identify how the affiliate is currently mitigating the risk through the BCP or through existing policies, procedures or processes For threats and risks that are not adequately addressed, mitigation strategies are developed. Some strategies may require completion of a cost benefit analysis and may be escalated to various boards and steering committees as applicable for arbitration. Our highest scores are for a tornado and a fire. Each has a high impact on staff, systems, facilities, and customers, but a very low probability. To mitigate, we have fire and tornado procedures in our Quick Response Guide. We also have a fire suppression system on our entire data center floor. Business Continuity Program Plans-Response Plans • Quick Response Guide for Affiliates: This document details the escalation of an incident to the Crisis Management Team and includes guidance for decision making, notifications, emergency communication and immediate action responsibilities for specific emergency events. • Crisis Management Team Plan: Members of the Crisis Management team are identified and this document contains information such as specific action items, communication guidelines, key contact lists and relocation summaries. Resumption Plan The goal of each business unit is to resume normal business processing. This document offers guidance for recovery plan execution for the business unit. Page 117 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 Business units provide planning strategies that include detailing any special needs or considerations that may need to be addressed for the unique processes handled by their unit for three types of incidents. • Worksite recovery is necessary for a facility event-worksite recovery plans focus on events that make a facility unavailable and may require employees to relocate to another facility. • Workforce recovery is necessary for a people event-Workforce Recovery Plans focus on events that significantly impact the people of a business unit, facility or community. • Process recovery is necessary for a systems event - process recovery plans focus on events that impact an application or the entire system that supports business processes. C. Dual control is enforced while processing all deposits made with a locked bag or tamper proof disposable bag. If a deposit discrepancy is discovered while processing the deposit, the deposit will be secured and we will contact the City for instructions. When we are given instructions on how to proceed by the Finance Officer or his designee at the City we will complete the transaction. CBMW does not use suspense accounts. • D. At CBMW, we recognize that it is paramount electronic banking systems be extremely difficult to penetrate or compromise, balanced against the need for our customers to have smooth and speedy access to integrated services. Our BusinessLink platform offers a highly-secure, single sign-on portal through which all of our online banking functions and services can be utilized. Users are assigned a specific user ID, and a customizable password and "secret word"which offers an additional level of sign-on verification and security. Central Bank's ACH system utilizes dual approval and multi-factor authentication. In addition we utilize out-of-band confirmation via secure email or personal cell phone in order to authorize a user to access the Wire Transfer and ACH Origination sections of BusinessLink. Other out-of-band products require the user to receive and respond to an individual email or phone call for each transaction, making verification cumbersome and time consuming. With CBMW's platform: • A user must first be permissioned into the Wire Transfer and ACH Origination sections of BusinessLink. This process is initiated when a request for access is submitted to the bank and completed when the bank grants the requested access to a specific user ID. • Once a user is permissioned correctly, he or she must possess and enter all of the correct login credentials to BusinessLink to gain access to the system. • Lastly, the user must enter into BusinessLink a single code received by text or email that validates the user's ability to originate ACH transactions. SMS text messages are considered "out-of-band"confirmations and represent one of the strongest user verification methods currently available in the market. Once verified, the user may initiate as many transactions as needed. Additionally, services such as our ACH Positive Pay and Check Positive Pay provide further layers of protection against electronic banking and check fraud. We are commitment to remaining on the forefront of financial technology and security. Central Bancompany's investment into our own technology services company and our ranking as one of the top 50 largest originators of ACH transactions in the nation indicates the strength of our commitment to secure, accurate ACH processing, and our reputation to ensuring our customer's business operations remain efficient and protected. Our long history of experience in servicing large and complex cash management needs for public entities and organizations have provided us with a wealth of expertise. That expertise extends to knowledge Page 1 18 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 regarding project management, implementation, transaction processing and security, fraud detection and early-warning monitoring. Few things in today's world are certain, but the security of your funds at Central Bank of the Midwest happens to be one of them. E. Certificates of Insurance outlining our general liability, cybersecurity, professional liability, which includes errors and omissions, are attached to this proposal with the exception of fidelity(crime) coverage. Insurance for fidelity(crime) is effective and in place. CBMW is a "Bank" as defined in Section 362.910 RSMo. Section 362.910 RSMo defines "Bank" as any bank, trust company or national banking association which accepts demand deposits and makes loans, and which has its principal banking house in Missouri and a branch of any bank, trust company or national banking association which accepts demand deposits and which has a physical presence in Missouri, other than a branch located outside of Missouri. F. The KPMG Independent Auditors' Report and Internal Auditors' Report are attached. 4.9. CONVERSION A. The following describes a preliminary work plan in the event CMBW is chosen to provide banking services for the City. • CBMW would schedule a kick-off meeting to discuss the City's needs as outlined in the RFP and identify additional needs through a priorities conversation. Together we would schedule implementation in the order of priority. • The necessary documents would be prepared, signatures collected, and deposit accounts opened. • The transfer of funds into CBMW could come to us via an incoming wire or by the deposit of a check. At the end of the contract the funds could be removed in the same way. Funds could be wired our or a check written to bring the account to zero. B. It will take approximately 4 weeks to implement and train the City's authorized users on Treasury Services. Since the City of Riverside currently has a relationship with Central Bank of the Midwest, opening the new accounts will be done in a matter of days. The City will have to transition away from the current bank which may take several months depending on outstanding checks. C. Extensive training will be scheduled for the various services. We can meet in person, train over the phone, via Zoom or combination of all three methods. In addition to training we will provide User Guides for each Treasury Service and provide contact information for the Dedicated Management Team and the Business Solutions Support Team. We will provide ongoing support to the City as requested by Officers and staff. 4.10. REFERENCES Three references. See Attachment I 4.11. SAMPLE CONTRACTS AND AGREEMENTS Sample banking services contracts and other supporting documents as requested are attached. Understanding Your Business Deposit Accounts Electronic Business Services Agreement Electronic Business Services Terms and Conditions Security Custodial Agreement Call Report as of 12/31/20 Central Bancompany 2019 Annual Report 4.12. OTHER INFORMATION The Bank Agreements used to govern the relationship between the City and the Bank will prevail in the event of any contradictions or conflicts between the terms of the Bank Agreements and the proposed terms. Page 119 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 Name of Financial Institution Central Bank of the Midwest BANKING SERVICES PROPOSAL PROPOSAL COVER SHEET-ATTACHMENT A PROPOSAL SUBMITTED BY Sonci Bleckinger, Vice President Commercial Relationship Manager LOCAL BRANCH ADDRESS: 4438 NW Gateway Avenue Riverside, MO 641.50 CONTACT PERSON: PHONE: Tammy Moody (816) 584-3101 The proposed term of agreement for the services and costs quoted in this submittal is for al initial period of four years, renewing automatically annually, July 1, 2022 through June 30 2025 with optional annual renewals thereafter. The undersigned hereby certifies that this proposal meets or exceeds all of the requirements as specified in the City of Riverside's Request for Proposal except as otherwise indicated and supported by supplemental schedules or attachments included with this proposal. Signature(s) /s/ Sonci Bleckinger Date: April 8. 2021 Name and Title Sonci Bleckinger, Vice President Date: April 8. 2021 Page 120 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net Name of Financial Institution Central Bank of the Midwest BANKING SERVICES PROPOSAL QUALIFICATIONS AND EXPERIENCE- ATTACHMENT B NAME OF BANK: Central Bank of the Midwest DATE FOUNDED: Central Bancompany, 1970 OWNERSHIP: Central Bancompany is a privately held holding- company headquartered in Jefferson City, Missouri. OTHER BUSINESS See attached AFFILIATIONS: Attachment B Continued ADDRESS OF OFFICE 4438 NW Gateway Avenue SERVICING THIS ACCOUNT: Riverside, MO 64150 M I SSO U RI CHARTER: YES (YES/NO) DESCRIBE THE EXPERIENCE OF THE FINANCIAL INSTITUTION IN PROVIDING SIMILAR SERVICE FOR OTHER PUBLIC CLIENTS OR LARGE COMMERCIAL ACCOUNTS! See Attachment B Continued Page 121 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 Name of Financial Institution Central Bank of the Midwest BANKING SERVICES PROPOSAL QUALIFICATIONS AND EXPERIENCE -ATTACHMENT B CONTINUED OTHER The Central Trust Bank, Central Bank of Boone County, Central Bank of Lake of the Ozarks, BUSINESS Central Bank of Moberly, Central Bank of the Ozarks, Central Bank of Warrensburg, Central Bank AFFILIATIONS: of Audrain County, Central Bank of St. Louis, Jefferson Bank of Missouri, Central Bank of the Midwest, Central Bank of Oklahoma, Central Bank of Branson and Central Bank of Sedalia. Affiliate companies also include Central Trust Company, Central Technology Services, Central Investment Advisors, Central Mortgage Company and Central Travel. DESCRIBE THE EXPERIENCE OF THE FINANCIAL INSTITUTION IN PROVIDING SIMILAR SERVICE FOR OTHER PUBLIC CLIENTS OR LARGE COMMERCIAL ACCOUNTS: Central Bancompany and our affiliate network of 13 banks is proud to be the premier provider in the Midwest for treasury management and banking services to public and higher education entities, local units of government and political subdivisions, associations and non-profits and national settlement funds. We have been consistently relied upon for over forty years to provide unrivaled customer service and unmatched customization of services and products to fit each of our customer's unique needs. We are counted upon year after year to provide quality treasury management services to many of the largest public institutions in Missouri, including the Missouri State Treasurer's Office, the Missouri Department of Revenue, Lake Regional Health System and a number of large statewide retirement systems. The level of value and depth of expertise the City will receive when selecting Central Bank of the Midwest is such that few firms can match: • We provide similar services for many of the largest public fund and institutional entities throughout Missouri. By owning our own technology company, Central Technology Services, our capabilities, commitment to accuracy and flexibility are unmatched. • CBMW's electronic cash management platforms will provide the City complete, in-depth real-time views of your positions, balances and performance all accessible through our extremely secure, easy to use online portal. • Central Bancompany is one of the fifty largest originators of ACH transactions in the nation. Central Bancompany is committed to the future of ACH and to staying at the forefront of financial technology that will make managing your funds easier and executing business transactions faster. Central Bancompany is also one of the only banks in the Midwest that operates a dedicated Government Division, specifically serving large governmental, institutional and non-profit customers who require a high degree of customization and personalized service. We serve over 100 public school districts in more than 70 counties, 50+ cities and a majority of the larger public institutions. Our portfolio extends to over 400 clients,totaling more than $1 billion dollars in deposits, most of which is collateralized daily. Our experience and expertise in this space is unmatched and as you will note based on our pricing proposal, we are committed to earning not only the City's business, but more importantly its trust. Page 122 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 Name of Financial Institution Central Bank of the Midwest BANKING SERVICES PROPOSAL FINANCIAL INFORMATION-ATTACHMENT C Name of Bank Central Bank of the Midwest Quarter End Date December 31, 2020 CRA Rating Satisfactory Total Assets $3,688,213,000 Total Equity $503,823,000 Ratio- Equity divided by the assets in percent form 13-65% Current Net Profit(Loss) for Quarter $11,539,000 Profit(Lciss)as a percent of Total Assets 1-2l% Profit(Loss)as a percent of Equity 8.74% Total Deposits $3,033,564,000 $250,000 Total Time Deposits of$ -3 eee or more $40,558,000 Total Loans $2,153,877,000 Total Loans 90 Days or More Past Due See Call Report Schedule RC-N Total Troubled Debt See Call Report Schedule RC-N Total Troubled Debt that has been Renegotiated See Call Report Schedule RC-N Allowances for Losses on Non Real Estate Loans See Call Report Schedule RI-C Enclose two copies of the most recent audited financial statement With this proposal Page 123 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 Name of Financial Institution Central Bank of the Midwest BANKING SERVICES PROPOSAL PERSONNEL INFORMATION-ATTACHMENT D Principal officers of bank organization: Bill Ferguson-President&CEO Darren Bell- Retail Director Steve Sulzer-Chief Financial Officer Chris Tallent-Business Solutions Director Tony Yarbrough-Chief Credit Officer Kayla Holloway-HR Director Principal officers of office servicing City's account: Tammy Moody-Assistant Vice President, Riverside Banking Center Manager Melissa Builin-Riverside Assistant Banking Center Manager Other staff who will be directly involved in management of Riverside's account: Sonci Bleckinger-Vice President,Commercial Lending Chris Champ-Vice President,Business Solutions Who will be the City's primary contact at the bank? Tammy Moody-Riverside Banking Center Manager Provide biographical information on bank officers who will be directly involved in the management of the City of Riverside's account,and what,if any,experience these officers have in working with public clients. See Attachment D Continued Page 124 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 Name of Financial Institution Central Bank of the Midwest PERSONNEL INFORMATION - ATTACHMENT D CONTINUED YOUR DEDICATED MANAGEMENT TEAM TAMMY MOODY Asst Vice President & Riverside Banking Center Manager (816) 584-3101 Tammy.Moody@centralbank.net 4438 NW Gateway Avenue, Riverside, MO 64150 Tammy Moody has been active in the Riverside Banking Community for the last 19 years. She is the Treasurer of the Riverside Area Chamber of Commerce. She has served as the Treasurer far the last 8 years. Tammy is also the Treasurer of the CID Committee in Riverside. Over the fast 5 years Tammy has served and assisted with numerous events for Hillcrest Platte County and Synergy Services. Tammy continues to work with and support the Riverside Community by providing banking services and staying engaged in the growth and devel- opment of Riverside. CHRIS CHAMP Vice President, Business Solutions (816) 448-7208 Chris.Champ@centralbank.net 9200 NE Barry Road, Kansas City, MO 64157 Chris Champ has been with Central Bank of the Midwest, previously BankLiberty for 11 years. She also brings extensive banking experience with a total of 30 years with time spent in Retail, Treasury Services and Merchant Services. Chris Is a Past Assistant District Governor and Past President of the Liberty Rotary Club. She is a Past Committee Chair for the Relay for Life, American Cancer Society. Chris received her BS from William Jewell College in Liberty, MO in 1991. She grew up In the Northland and currently resides in Kearney, MO. SONCI BLECKINGER i Vicc-Pressdont, Contmorciaf Landing (816) 224.7214 I Sonci.Blockinger@centralbank.net 1330A N. 7 Highway, Blue Springs, MO 64014 Sonci Bleckinger has been with Central Bank of the Midwest for 7 years and sho brings a total of 25 years of experience in banking to this relationship. In addition to being a Commercial Lender, Sonci has an extensive Retail Banking background- Sonci is active in the Rotary Club of Eastern Independence serving as Past President. She is a Board Member for the United Way of Greater Kansas City, Past Chair of the Board for the Independence Chamber of Commerce and Past Choir of the Board for the Community Services League. Sand attended the University of Missouri-Kansos City. Central Bank of the Midwest Strong roots. Endless possibilities Page 25 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net Name of Financial Institution Central Bank of the Midwest BANKING SERVICES PROPOSAL INTEREST CALCULATION-ATTACHMENT E OPERATING BANK ACCOUNT The financial institution will pay the City interest on the daily collected balance in the City's account at the rate named below, The rate may be a fixed or variable rate. If a rate other than the 91 day T-Bill rate or the Fed Funds Rate is used, state the index and provide a one- year history of how the index compared to these rates using the Federal Reserve Statistical Release H.15(Business day) http://www.federalreserve.gov/releases/h15/data.htm Indicator***upon which City Operating Bank Acct interest will be paid: Basis Basis Pts Pts Where/When Published: Rate Above Below Minimum Balance, if any 91 Day T Bill Rate Wall Street Journal/Published Daily **see below N/A Federal Funds Rate Other Rate **70% of the 91 day Treasury Bill with a floor of 0.05% ***Please attach a 12 month history of the rate indicator chosen above. For comparison purposes, assume the City will maintain a daily collected balance of $1,000,000 in your depository for one year, Applying your percentage of the above quoted rate,please compute the total amount of interest that the City would earn annually in the Operating Account. Please provide a written formula on how the interest was calculated. A daily collected balance of$1,000,000 earning an interest rate at the current floor of 0.05%would result in total interest of $500 for one year. This example calculation does not include compounding. Interest Calculation Example: $1,000,000 x 0.0005 (floor rate)/365 =$1.37 daily interest or $500 annually Example for Repurchase Agreement (REPO sweep) Had your proposed indicator been in place,the interest rate and interestearned under a Repurchase Agreement for the previous year,would have been the following:(assuming a$1,000,DUO daily collected balance) Interest Interest Earned Interest Interest Earned Rate Monthly Rate Monthly July 2019 January 2020 August 2019 February 2020 September 2019 March 2020 October 2019 April 2020 November 2019 May 2020 December 2019 June 2020 Page 1 26 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net Name of Financial Institution Central Bank of the Midwest BANKING SERVICES PROPOSAL PROPOSED PRICING - ATTACHMENT F OPERATING BANK ACCOUNT The financial institution will provide the services noted in Section 3, "Scope of Services," in conformance with the contract and annual renewals, The fees are to stay the same during the entire life of the agreement unless a change is mutually agreed to because of changes in Federal regulation, DESCRIPTION OF SERVICES Avg. per month Per Item Fee Monthly Fee FDIC Insurance $0 Combined Transactions/Items 225 N/A DR & CR Separated $0 Returned Deposited Items 1 $5.00 $5.00. Returned Item Maintenance $0 Checks Paid 55 $0.20 $11.00 Positive Pay File Upload 4 $0 $0 Positive Pay Online Input 50 $0.06 $3.00 Positive Pay Exceptions $0 Positive Pay Maintenance $35.00 $35.00 Current Day Summary Reports $0 Current Day Detail Reports $0 Prior Day Summary Reports $0 Prior Day Detail Reports $0 Other Online Reporting $0 Online Reporting Monthly Fee $0 Online Monthy ACH Maint, $30.00 $30.00 Online Stop Payment $15.00 Online Wires Monthly Maint, If using BusinessLink for ACH, no additional charge for Wire module Wire Transfers Special Handling $5.00 Online Wires per Item Non -Rep 1 $12 per Domestic 145 per International $12.00 Voice Fedwire Non Repetitive 28 per Domestic 560per International Token Monthly Maintenance $0 Electronic Deposit Monthly Maint, 575.00 Multi -Feed $75.00 Deposits per Item 125 $0.15 $18.75 Image Check Item Deposit 40 $0.15 $6.00 Cash Deposits 25 $0 *See Below $0 Responding to Audit Confirm, $20.00 Disposable tamper proof bags 30 $0 $0 Maintenance per statement $3.00 for paper $3.00 *No fee for the first $10,000 in cash; $0.25 per $100 for cash in excess of $10,000 14 Page I 27 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net Account analysis $0 ACH capabilities see Online Monthly ACH Maint ACH Filter/Block $35.00 $35.00 ACH debit 30 $0.20 $6.00 ACH credit 10 $0.20 $2.00 Imaging Additional Information Needed Other ACH Per File $3.00 Other ACH Per Item $0.15 Total S241.75 Itemize and describe other fees that would be associated with this account on separate sheet. ***Please refer to the document titled Understanding Your Business Deposit Account and the Electronic Business Services Agreement Fee Schedule Exhibit A. *** Please provide a detailed description of your Positive Pay system. (Attach an additional sheet if necessary.) See Attachment F Continued Page 128 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net Name of Financial Institution Central Bank of the Midwest BANKING SERVICES PROPOSAL PROPOSED PRICING -ATTACHMENT F CONTINUED ACH Positive Pay To stay current in technology and leading edge functionality, Central Bank of the Midwest offers ACH Positive Pay. ACH Positive Pay enables authorized users at the City to decision pending ACH transactions, search authorization records and manage existing authorization records. How it works: The ACH Positive Pay system will require authorized users to login via BusinessLink with a unique user id, password and organization name. ACH Positive Pay users will receive e-mail notifications when an ACH event is triggered. Each notification type is assigned a,number making it easier to identify the type of notification and any action that may be required. As ACH transactions are presented the users will identify which should be accepted for payment. The ACH transactions can be approved as a one-time occurrence, they can be approved and added to an authorized list or they can be denied. All ACH transactions not on the authorized list must be decisioned by 12:00 p.m. CST or they will be returned. Banks have various windows throughout the day when ACH transactions are received and posted as pending activity. Due to the possibility of e-mail notifications arriving at various times throughout the day it is highly recommended that a user login each morning to determine if unauthorized ACH withdrawals require a decision. Customizable filters: CBMW's robust ACH system allows for the customization of ACH debits. Customization may consist of an authorized start and end date, setting a maximum amount, setting a specific amount or setting a specific number of transactions. Each authorized ACH can be modified at any time to set or change the customized settings. Pricing:$35 per account per month Check Positive Pay Check Positive Pay is an automated check-matching service that simplifies account reconciliation and identifies any check that was not legitimately issued by the City. Check Positive Pay uses advanced technology to analyze each check's handwriting and the"pay to the order of' line. We use an industry-leading solution for payee name verification to be the most effective safeguard against payee issues. Check Positive Pay also verifies the check number, amount and date. Check Positive Pay is accessible through BusinessLink. The City can inquire on checks, place stop payments, void or delete checks, and print an image of a cleared check. Issued checks can be transmitted to the bank in one of two ways. The City has the option to upload files via a secure file transfer or make manual updates to add new checks or edit existing ones. Updates made in the Check Positive Pay system are real-time and will be reflected immediately. This real-time update is beneficial should a check be presented at the teller line. Check Positive Pay provides multiple layers of security, ensuring that only checks that the City has authorized will be paid. In the event there is an exception, users designated by the City will be notified via email instructing users to review exceptions and decision items with the click of a button. If the City does not decision an item that has been flagged for review by the daily cutoff time of 1:00 p.m. CST the bank will return the item. Page I 29 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 Check Positive Pay has the following features and functionality: • Perform check searches • Retrieve check images, front and back • Add a manual check to the issued file • Place Stop Payments • Update the status of a check(change from issued to void, etc.) Central Bank of the Midwest currently provides account reconciliation services in conjunction with our Check Positive Pay application. With Account Reconciliation, the City will be able to access the reports within the Online Reports application of BusinessLink. The reports are available at 8:00 a.m. CST on the next business day. CBMW offers two option for Account Reconciliation, Partial Reconciliation and Full Reconciliation. Partial Reconciliation Partial Reconciliation provides a Paid Check Extract List report listing the checks that have been paid that month. The bank compares the total of checks paid on the statement to the report. If the two amounts do not equal, research is done to find the difference. As an enhancement, an output file of the paid checks can be provided to the City. This file can be loaded into the City's system to finish the reconciliation process. Full Reconciliation Full Reconciliation provides a completely reconciled statement each period. The customer supplies the bank with an input file that details the checks issues (either daily or monthly). The information on the input file includes check number, date issued and amount. The reports generated from this reconciliation are Audit List of Issued Checks, Beginning Outstanding Checks, Paid Checks Extract, Ending Outstanding Checks, Matched Paid Checks and Unmatched Paid Checks. Page 130 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 Name of Financial Institution Central Bank of the Midwest BANKING SERVICES PROPOSAL PROPOSED PRICING - ATTACHMENT G Municipal Court BANK ACCOUNT The financial institution .:iII provide the services noted in Section 3, "Scope of Services," in conformance with the contract and annual renewals, The fees are to stay the same during the entire life of the agreement unless a change is mutually agreed to because of changes in Federal recaulation. DESCRIPTION OF SERVICES Avg. per month Per Item Fee Monthly Fee FDIC Insurance $0 Combined Transactions/Items 30 $0 $0 Returned Deposited Items $5.00 Returned Item Maintenance $0 Checks Paid 20 $0 $0 Positive Pay File Upload $0 Positive Pay Online Input $0.06 Positive Pay Exceptions $0 Positive Pay Maintenance $35.00 ** Current Day Summary Reports $0 Current Day Detail Reports $0 Prior Day Summary Reports $0 Prior Day Detail Reports $0 Other Online Reporting $0 Online Rcportina Monthly Fee $0 Online Months ACH Maint. Only 1 $30/month fee for all City accounts Online Stop Payment $15 Online Wires Monthly Maint, Covered by $30/month fee for ACH & Wires Wire Transfers Special Handling 55.00 Online Wires per Item Non -Rep $12 per Domestic $45 per Intemational Voice Fedwire Non Repetitive $28 per Domestic $80 per Intemational Token Monthly Maintenance $0 Electronic Deposit Monthly Plaint, Only 1 $75/month fee if only one scanner Deposits per Item $0 Image Check Item Deposit 4 $0 $0 Cash Deposits 3 $O $O Responding to Audit Confirm, $0 Disposable tamper proof bags $O Maintenance per statement 53.00 for paper 53.00 Page 131 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net Account analysis $0 ACH capabilities See Online monthly ACH maint ACH Filter/Block $35.00 ** ACH debit $0 ACH credit $0 Imaging Additional Information Needed Other ACH Per File Fee $3.00 ** Other ACH Per Item Fee $0.15 ** Total Recommended Account TypeoSmall Business Checking $3.00* Itemize and describe other fees that would be associated with this account on separate sheet. *Small Business Checking -up to 100 items per month without a per item fee, $0.35 per item over 100. No minimum balance requirement. **If Positive Pay, ACH Origination or Wire transfers are used, fees will apply. ***Please refer to the document titled Understnading Your Business Deposit Account and the Electronic Business Services Agreement Fee Schedule Exhibit A.*** Page 132 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net Name of Financial Institution Central Bank of the Midwest BANKING SERVICES PROPOSAL PROPOSED PRICING-ATTACHMENT H Payroll BANK ACCOUNT The financial Institution will provide the services noted in Section 3, "Scope of Services," in conformance with the contract and annual renewals. The fees are to stay the same during the entire life of the agreement unless a change is mutually agreed to because of changes in Federal regulation. DESCRIPTION OF SERVICES Avg. per month Per Item Fee Monthly Fee FDIC Insurance $0 Combined Transactions/items 10 Nth DR&CR Separated $0 Returned Deposited Items $5.00 - Returned Item Maintenance $0 Checks Paid 10 $0.20 $2.00 Online Monthy ACH Maint, Only 1 $30/month fee for all City accounts Online Stop Payment $15.00 Online Wires Monthly Maint. Covered by$30/month fee for ACH &Wires Wire Transfers Special Handling $5.00 Online Wires per Item Non-Rep *_ _ Voice Fedwire Non Repetitive Token Monthly Maintenance $0 Electronic Deposit Monthly Maint, Only 1 $75/month fee if only one scanner Responding to Audit Confirm, $20.00 Disposable tamper proof bags $0 Maintenance per statement $3.00 for paper $3.00 Account analysis $0 ACH capabilities See Online Monthly ACH Maint ACH Filter/Block $35.00 $35.00 ACH per Item 276 $0.15 $41.25 Imaging Additional Information Needed Other ACH Per File Fee 3 $3.00 $6.00 Other Total $87.25 Itemize and describe other fees that would be associated with this account on separate sheet. *"If Positive Pay,ACH Origination or Wire transfers are used,fees will apply. ***Please refer to the document titled Understnading Your Business Deposit Account and the Electronic Business Services Agreement Fee Schedule Exhibit A*** Page I 33 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 Name of Financial Institution Central Bank of the Midwest BANKING SERVICES PROPOSAL REFERENCES-ATTACHMENT I Provide three references (public or large commercial clients, if possible)to whom similar services are being provided. Reference#1 • Client Name: City of Parkville Address: 8880 Clark Avenue, Parkville, MO 64'152 Typo of Organization: City Length of Time with your institution: Over 50 years since first account was opened Phone (81G)741-7676 Contact Personnel: Michelle Hefley Number: Reference#2 Client Name: City of Pleasant Valley • Address: 6500 Royal St., Pleasant Valley, MO 64068 Type of Organization: City Length of Time with your institution: '10 years Phone Contact Personnel: Georgia Fox Number: (816) 883-4698 Reference#3 Client Name: Lawrence Douglas County Health Department Address: 200 Maine Street, Lawrence, KS 66044 Type of Organization: Public Health Length of Time with your institution: 15 months • Phone Contact Personnel: Ms. Myma Hartford Number: (785) 843-3060 • Page 134 4438 NW Gateway Avenue, Riverside, MO 64150 • (816) 584-3101 • www.centralbank.net 0 Account Analysis Sample Statement 0 'Control Bank CENTRAL SANK 22.9 MADiSON STREET JEFFERSON CITY,MO G5101-OX) Invoice Number 756 ABC COMPANYInvoice Date: 1E0112020 1234 M.AUI ST JEFFERSON CITY,MO G51CL3 Page 2 Billing Statement Invoice Account Number 00{rt{{{C€C,0123 Amount Currency Prior Outstanding Balance Due 0.00 USD Current Month Invoice Amount 35.58 USD Total Amount Due 35.55 USD Curtelit MOTithittpfietiltAtifitity Poling bate Effective Date Amount Paid Payment Currency Payment Dmcription Invoice Number Invoice bate 1Ci'017020 1otoiram 3753 USD Regular Payment 713 05101t3CfCi 101151:202o 101152020 4282 USD Regular Payment 73S E,V01t2C2v Account Billing Remittance (Plc °Detach and Return thb Portion of Invoice with Payment) Account Number 0001 • 01 • EaCC,CCCCCOECrI S5 Please Send Payment:to: Please Pay By 1112512E20 Account Analysis Op; Main Bank-5th F oor Total Amount Due 35_58 Po Box 779 Jefferson City,MO Amount Paid 651C12 *UNIT PRICES&RATES ON THIS SAMPLE STATEMENT ARE NOT REPRESENTATIONS OF CENTRAL BANK'S CURRENT PRICING AND RATES Account Analysis Sample Statement 11/05/2020 CE,'ntrai Bank Statement Reference Number C=1r01-01-Cr. CC-D00' J12345-2 0201Cw1 CENTRAL BANK 238 MADISON ST Relatlon5pl p DB E, JEFFERSON CITY,MO wry Contact John Dc.e 55101-00C-2 1 Bank&Customer From 10/01/2020 A.BC COMPANY To 10/31/2020 1234 MAIN ST Statement Cycle JEFFERSON CITY,MO 6510S Direct Debit Page. 1 Account&Accoufl= Account No. DDA 0000000 04001a3+5 COMMERCIAL CHECKING -1 Bala>o�Slunmat . Averse S brcc 2.2,624.60 Avers_e=,cat 0.00 Averse CofL•_cd 22.921.G0 Rercn Requirement 0.10 2,:282.46 Aver. a Available[Sa[an=c 20`yt2.i4 ='r=uircd 1 G2,141_04 Net A:zsN E:aL1ncc -141a99 00 Adc::ional P.cerre Frq._i -i 5,73331 Ada.'3:J Coil cted E aaY-C Required -157,333.1 1 Ear ire Credit AUawa,ece 8.003 5.22 Tot=:C aroe For Ser1:ei= 4120 Net C. =e For Service; 3538 Sernce Charge Amount - 35'98 Statemen4 Cycle Service Charges f Atirmairtimunaly _ . .. Statement Cycle Activity =--00001 — GENE-AL ACCOUNT`•Ec';...ES �.-- u5r3 00010 ACt-I S5 C_Es Sumn7ary&Detail , USD 2_GL Service Ty.-Totals USD 7120 Acrteielly Burl GENERAL ACCOUNT SERVICES 00021 MAINTE:.ANa FEE 1 USD 0.00 8.00 c"'y-ze-Based Charge 00035 FUNDS ASSESSMENT et 22.821 i 0.02051 0.99 „3S_-6_13 REGULA`221 FEES 2 E rcr-Bashi Chi�c 00224 DEPOS.TS.•z OTI!EP CRED:7SS 1-5 USD 0.19 27.55 10,7,122.58 Paler ce 3a:ed C3ure 0047'9 IMAGE S TMT FEE USE) 2_00 2.00 7,570=7 P,,-.=c-Based Char 00.4e0 E-SiATEP4ENT 1 USD 0.00 0.03 Na �gc Total GENERAL ACCOUNT SERVICES USD ?fy 54 ACH SERVICES 00293 ACN DEE)T RECEIVED 14 USD 0.19 2.6l; 1_r r230 Ea'_r_e3'ascd Char 00294 ACH CREDIT RECEIVED 115 USD 0100 0.00 2.00 L'alarr_rBasc C=.arc Sotal ACH SERVICES US[I 2_56 Total Activity Charger. U50 41.20 Total Charge E'or Service 41_220 *UNIT PRICES&RATES ON THIS SAMPLE STATEMENT ARE NOT REPRESENTATIONS OF CENTRAL BANK'S CURRENT PRICING AND RATES OSB001001 001 OSB001 > BANK NAME BANK ADDRESS RETURN SERVICE REQUESTED JOE CUSTOMER Period Page 123 MAIN ST 06/01/2018-06/29/2018 1 of 5 ANYTOWN MO 65000-0000 G 001234567 • • Your Financial Summary on June 29, 2018 • Bank Deposits Totals Bank Deposit Accounts: Checking $ 3,767.04 Savings $ 3,433.05 Bank Deposit Total $ 7,200.09 Total Assets: $ 7,200.09 $ 7,200.09 Loan Balances Totals Loan Accounts: Consumer Loan $ 3,420.67 Total Loan Balances: $ 3,420.67 Detailed Explanation of Account Balances and Other Assets Free+ Interest Checking With Plus Package Covered by Overdraft Access Limit: $300.00 Overdraft Access Limit Available 06/29/2018 to 07/31/2018 POS Debit transactions this period: 36 must have 15 or more for best interest rate eStatement delivery: Y must have"Y"for best interest rate ACH Credit transactions this period: 5 must have 1 or more for best interest rate No.001234567 Beginning Balance May 31,2018 $ 2,216.81 Deposits June 07 B@H from SAVEUP SAVINGS 200.00 June 08 Deposit 1,699.29 June 29 Interest Earned 0.19 Total +$ 4,116.29 Withdrawals and other charges Date Type Transaction Description Mar.02 LOAN PMT 300.25 Mar.14 ATM Withdrawal 20.00 Mar.19 PAYPAL TRANSFER 29.00 Total -$ 349.25 Ending Balance June 27,2018 $ 3,767.04 BAP0595 REPORT NO. 71 14 CENTRAL BANK OF THE MIDWEST PAGE 37 PRINTED 01/01/21 00.04.45 INTEGRATED PLEDGE REPORT PROCESS DATE 12/31/20 ABC COMPANY ABC COMPANY PUBLIC FUND ACCT NUMBER ID SHORT NAME PLG REPOS/FF/OTH CURRENT BALANCE COLL BALANCE CURRENT AVERAGE COLL AVERAGE CD ABC COMPANY 216,220.35 216,220.35 216,220.35 216,220.35 CD 53,858.09 53,858.09 53,858.09 53,858.09 N090.05% 0.00 2,489,585.22 2,483,444.22 2,539,733.00 2,538,510.00 DDA 0.00 30,740.84 30,740.84 46,308.00 46,250.00 DDA 0.00 0.00 0.00 0.00 0.00 DDA 0.00 14,294.24 14,294.24 14,691.00 14,691.00 DDA 0.00 10,143.46 10,143.46 9,948.00 9,948.00 DDA 0.00 1,578.01 1,578.01 1,662.00 1,662.00 DDA 0.00 1,460.52 1,460.52 6,776.00 6,633.00 DDA 0.00 5,424.00 5,424.00 5,941.00 5,941.00 DDA 0.00 3,456.82 3,456.82 3,387.00 3,387.00 DDA 0.00 9,251.50 9,251.50 9,053.00 9,053.00 DDA 0.00 0.00 0.00 628.00 628.00 DDA 0.00 3,110.00 3,110.00 3,209.00 3,209.00 TOTAL DEPOSITS 0.00 2,639,123.05 2,832,982.05 2,911,414.44 2,909,990.44 SECURITIES PLEDGED MKT VALUE DEP RP/DEP COUPON STATE ACCT NUMBER PLG TX NO CUSIP SPT DESCRIPTION MATURITY PAR VALUE BOOK VALUE EXCL INT RATE COLL VAL TYPE UAL MOODY S&P OC 31 1/F FNMA 10/25/2048 1,344,203 1,336,571 1,336,571 95 1,269,743 094 0.498 3.430 OC 31 1/F FHLMC 04/25/2043 135,548 138,410 138,410 95 131,490 090 3.000 0.970 0C 31 1/F FNMA 10/25/2021 868,915 868,694 868,694 95 825,259 091 2.729 0.750 OC 18 1/D CLAY CNTY 07/15/2021 100,000 100,839 100,839 98 98,822 202 3.000 0.000 MO Aa2 OC 31 1/F FEDERAL HOME LN MTG CORP 01/29/2024 100,000 100,000 100,000 98 98,000 120 0.500 0.000 Aaa OC 31 0/F FEDERAL HOME LN MTG CORP 09/14/2022 200,000 200,000 200,000 98 196,000 120 0.200 0.000 Aaa TOTAL MUNICIPALS 100,000 100,839 98,822 TOTAL SECURITIES 2,748,668 2,744,516 2,744,516 2,619,315 COLLATERAL DISPOSITION DEPOSIT COLLATERAL 000 0.498 10 10/25/2048 1,344,203 1,336,571 1,336,571 95 1,269,743 0.498 000 3.000 04 04/25/2043 135,548 138,410 138,410 95 131,490 3.000 000 2.729 10 10/25/2021 868,915 868,694 868,694 95 825,259 2.729 000 3.000 07 07/15/2021 100,000 100,839 100,639 98 98,822 3.000 000 0.500 01 01/29/2024 100,000 100,000 100,000 98 98,000 0.500 000 0.200 09 09/14/2022 200,000 200,000 200,000 98 196,000 0.200 TOTAL DEPOSIT COLLATERAL 2,748,668 2,744,516 2,744,516 2,619,315 BAP0595 REPORT NO. 71 14 CENTRAL BANK OF THE MIDTJEST PAGE 38 PRINTED 01/01/21 00.04.45 INTEGRATED PLEDGE REPORT PROCESS DATE 12/31/20 ABC COMPANY ABC COMPANY PUBLIC FUND TOTAL SAVING 2,759,663.66 TOTAL DDA 79,459.39 TOTAL DEPOSITS 2,839,123.05 GRAND TOTAL PLEDGEABLE 2,839,123.05 LESS FDIC SAV 250,000.00 LESS FDIC DDA 79,459.39 COLLATERAL-MKT VAL - SECURITIES 2,619,315.76 NET PLEDGE 109,652.10 SAMPLE ONLINE BANKING CSV FILE EXPORT OF ACTIVITY Date Type Description Check# Amount 3/31/2021 Deposits Deposit for No. 1.37 3/31/2021 Deposits Deposit for No. 2.63 3/30/2021 Deposits Deposit for No. 13.81 3/30/2021 Deposits Deposit for No. 15.37 3/29/2021 Deposits Deposit for No. 11.5 3/29/2021 Deposits Deposit for No. 15.61 3/26/2021 Deposits Advice of Credit 10 3/26/2021 Deposits Advice of Credit 10 3/25/2021 Deposits Deposit for No. 1.38 3/25/2021 Deposits Deposit for No. 1.71 3/24/2021 Deposits Deposit for No. 1.38 3/24/2021 Deposits Deposit for No. 5.27 3/23/2021 Deposits Deposit for No. 3.05 3/23/2021 Deposits Deposit for No. 3.33 3/22/2021 Deposits Deposit for No. 3.3 3/22/2021 Deposits Deposit for No. 7.02 3/19/2021 Deposits Deposit for.No. 1.08 3/19/2021 Deposits Deposit for No. 9.89 3/18/2021 Deposits Deposit for No. 4.47 3/18/2021 Deposits Deposit for No. 19.29 3/17/2021 Deposits Deposit for No. 2.13 3/17/2021 Deposits Deposit for No. 3.38 3/16/2021 Deposits Deposit for No. 1.05 3/16/2021 Deposits Deposit for No. 1.6 3/15/2021 Deposits Deposit for No. 1.27 3/15/2021 Deposits Deposit for No. 1.92 3/12/2021 Deposits Deposit for No. 12.31 3/12/2021 Deposits Deposit for No. 20 3/11/2021 Deposits Deposit for No. 4 3/11/2021 Deposits Deposit for No. 5.82 3/10/2021 Deposits Advice of Credit 10 3/10/2021 Deposits Advice of Credit 10 3/9/2021 Deposits Deposit for No. 5 3/9/2021 Deposits Deposit for No. 19.37 3/8/2021 Deposits Deposit for No. 1.28 3/8/2021 Deposits Deposit for No. 5.42 3/5/2021 Deposits Deposit for No. 2.06 3/5/2021 Deposits Deposit for No. 16.06 3/4/2021 Deposits Deposit for No. 3.56 3/4/2021 Deposits Deposit for No. 11.5 3/3/2021 Deposits Deposit for No. 3.1 3/3/2021 Deposits Deposit for No. 6.19 3/2/2021 Deposits Deposit for No. 2.7 3/2/2021 Deposits Deposit for No. 2.89 3/1/2021 Deposits Deposit for No. 3.13 3/1/2021 Deposits Deposit for No. 8.29 3/31/2021 Checks Check 41256 -13 3/31/2021 Checks Check 40896 -20.5 3/30/2021 Checks Check 41209 -4.47 3/30/2021 Checks Check 41171 -4.92 3/29/2021 Checks Check 41182 -1.05 3/29/2021 Checks Check 40961 -1.98 3/26/2021 Checks Check 41132 -16.68 3/26/2021 Checks Check 41196 -21 3/25/2021 Checks Check 41096 -5.42 3/25/2021 Checks Check 41194 -16 3/24/2021 Checks Check 39180 -6.25 3/24/2021 Checks Check 41072 -20 3/23/2021 Checks Check 40607 -7.01 3/23/2021 Checks Check 40991 -11.17 3/22/2021 Checks Check 36859 -1.1 3/22/2021 Checks Check 41016 -6.19 3/19/2021 Checks Check 41156 -16 3/19/2021 Checks Check 35981 -16.72 3/18/2021 Checks Check 41009 -3.1 3/18/2021 Checks Check 41126 -11.5 3/17/2021 Checks Check 40513 -11.69 3/17/2021 Checks Check 40637 -17.53 3/16/2021 Checks Check 41002 -2.7 3/16/2021 Checks Check 40274 -3.68 3/15/2021 Checks Check 40822 -6.65 3/15/2021 Checks Check 40641 -11.5 3/12/2021 Checks Check 40668 -1.11 3/12/2021 Checks Check 40871 -9.59 3/11/2021 Checks Check 41013 -13 3/11/2021 Checks Check 40990 -13 3/10/2021 Checks Check 40950 -20 3/10/2021 Checks Check 40972 -24 3/9/2021 Checks Check 40901 -3.1 3/9/2021 Checks Check 40839 -5.26 3/8/2021 Checks Check 40583 -4.77 3/8/2021 Checks Check 40979 -11.5 3/5/2021 Checks Check 38573 -4.8 3/5/2021 Checks Check 40824 -13 3/4/2021 Checks Check 40924 -2 3/4/2021 Checks Check 40308 -11.5 3/3/2021 Checks Check 40815 -1.49 3/3/2021 Checks Check 40752 -5.61 3/2/2021 Checks Check 40500 -5.51 3/2/2021 Checks Check 40636 -8.55 3/1/2021 Checks Check 40825 -13 3/1/2021 Checks Check 40897 -20.5 R3030-02/R1.0 000014 PEP+ RETURN RESOLUTION R E P O R T (FOR RETIRES) 03-16-21 14:55 PAGE 1 FROM DATE/WINDOW 03-16-21 1500 TO DATE/WINDOW 03-16-21 1500 PROCESS DATE 03-16-21 COLL APPL INFO: POINT: XPOINT APPL ID: 123xyz TYPE: Payroll DATE: 075 PAR DATE: 21075 BATCH HEADER INFO: COMPANY NAME:ABC Company COMPANY ID: 12-1234567 SEC: PPD ENTRY DESC: Payroll EFF DATE: 210316 RETURN ORIG ITEM CUSTOMER ID/ [ DISTRIBUTION > PAR PAR CUSTOMER NAME TC AMOUNT T/R BANK ACCOUNT NO POINT APPL TYPE T/R BR ADDENDA ORIGINAL EVENT TYPE RETURN REASON RDFI T/R ORIGINAL TRACE ADDENDA INFORMATION RETURN TRACE DATE 001234567 11005588227712 12345 21 53.41 101201892 13 14COMPANY RETIRE 101201892 Speed, Lightening 99 R03—NO ACCT/CANNOT LOCATE 04121566 101201891234567 286938692869202 DDA SAV USER TOTALS DR COUNT 0 0 0 0 DR AMOUNT 0.00 0.00 0.00 0.00 CR COUNT 1 0 0 1 CR AMOUNT 53.41 0.00 0.00 53.41 R3030-02/R1.0 000014 PEP+ RETURN RESOLUTION R E P O R T (FOR NOC) 03-16-21 14:55 PAGE 6 FROM DATE/UINDOU 03-16-21 1500 TO DATE/UINDOW 03-16-21 1500 PROCESS DATE 03-16-21 COLL APPL INFO: POINT: XPOINT APPL ID: xx13at781 TYPE: SETT DATE: 000 PAR DATE: 21075 BATCH HEADER INFO: COMPANY NAME: ABC Company COMPANY ID: 11-1288888 SEC: COR ENTRY DESC: Payroll EFF DATE: 210317 RETURN ORIG ITEM CUSTOMER ID/ C DISTRIBUTION > PAR PAR CUSTOMER NAME TC AMOUNT T/R BANK ACCOUNT NO POINT APPL TYPE T/R BR ADDENDA ORIGINAL EVENT TYPE CHANGE REASON RDFI T/R ORIGINAL TRACE NOTIFICATION OF CHANGE INFORMATION RETURN TRACE DATE 001234567 12345678912341 15055 21 0.00 101217886 123456 14COMPANY RETIRE 101201892 Malindie , Melinda ** RESOLVED BY PEP+ ** 98 CO2-INCORRECT T/R NO 10121788 123456789028185 101201892 101201891234567 DDA SAV USER TOTALS DR COUNT 0 0 0 0 DR AMOUNT 0.00 0.00 0.00 0.00 CR COUNT 1 0 0 1 CR AMOUNT 0.00 0.00 0.00 0.00 I MICR001235 001 MICR235 MI BANK NAME BANK ADDRESS RETURN SERVICE REQUESTED Date: 07/09/18 XYZ COMPANY ATTN JOHN DOE 123 MAIN STREET JEFFERSON CITY MO 65102-0779 Transaction Confirmation RE: Checking Account Number ending in 1234 We value our relationship with you and appreciate your confidence in us. The items below were presented to your account for payment on the date indicated. The amount of the item is shown and the type of transaction, either credit or debit. If a reason for the action is given, it is in the last column. DATE AMOUNT OF ITEM TRANS TYPE REASON 07/09/18 $28,000.00 Credit 276296 Endorsement not as drawn Your business is very important to us. Please let us know if you have any questions. Sincerely, Customer Service Wire Transfer Summary Report Report Date 4/2/21 Page 1 of 2 Sender Name: All Process Date From: 4/1/21 Process Date To: 4/2/21 ABC COMPANY 14 CENTRAL BANK OF THE MIDWEST Printed on 4/2/21 5:36:42 PM Tracking# Type Payment Profile Value Date MT21C Repetitive HOME 4/1/21 Process Date :4/1/21 Host Confirmation# :2104 Confirmation# :2021 Sending Account Currency :USD Transfer Currency :USD Amount :2,602.00 Sending Account# :05 Sending Account Name : ABC COMPANY Sender Name : ABC EMPLOYEE Payment Method :DOMESTIC WIRE T Beneficiary Name HOME Beneficiary Account# : 13 Status :Processed Entry Date :4/1/21 12:41:02 PM Entry User : ABC123 Tracking# Typp Paymenty Profile Value Date M Repetitive 4/1/21 Process Date :4/1/21 Host Confirmation# :210 Confirmation# :202 Sending Account Currency :USD Transfer Currency :USD Amount :31,517.88 Sending Account# : 1234567 Sending Account Name : ABC COMPANY Sender Name : ABC EMPLOYEE Payment Method :DOMESTIC WIRE T Beneficiary Name : HOME Beneficiary Account# :44 Status :Processed Entry Date :4/1/21 12:41:38 PM Entry User : ABC123 This is an unaudited report and is for informational purposes only. Wire Transfer Summary Report Report Date 4/2/21 Page 2 of 2 Tracking# Type Payment Profile Value Date MT Repetitive RIVER 4/1/21 Process Date :4/1/21 Host Confirmation# :210 • Confirmation# :2021 Sending Account Currency :USD Transfer Currency :USD Amount :888.00 Sending Account# :05 Sending Account Name : ABC COMPANY Sender Name : ABC EMPLOYEE Payment Method :DOMESTIC WIRE T Beneficiary Name :RIVER Beneficiary Account# :42 Status :Processed Entry Date :4/1/21 1:45:16 PM Entry User :.ABC123 Tracking# Type Payment Profile Value Date MT Repetitive RIVER 4/1/21 Process Date :4/1/21 Host Confirmation# :210 Confirmation# :2021 Sending Account Currency :USD Transfer Currency :USD Amount :382.50 Sending Account# :050001412 Sending Account Name : ABC COMPANY Sender Name : ABC EMPLOYEE Payment Method :DOMESTIC WIRE T Beneficiary Name :RIVER Beneficiary Account# :42 Status :Processed Entry Date :4/1/21 2:39:22 PM Entry User :ABC123 REPORT TOTALS USD-Dollar(United States of America) Type Number Sending Amount Transfer Amount Non-Repetitive 0 0.00 0.00 Repetitive 4 35,390.38 35,390.38 Semi-Repetitive 0 0.00 0.00 Standing Order 0 0.00 0.00 Total 4 35,390.38 35,390.38 This is an unaudited report and is for informational purposes only. ®aasit rtessiLin'K- ACH Summary Report Report Date: 04/02/21 Page 1 of 1 Process Date: 04/01/2021 00:00:00 ABC COMPANY 14 CENTRAL BANK OF THE MIDWEST Printed on 4/2/21 5:39:54 PM • Tracking Number Type Profile Name Value Date ACH21 Corporate Payments- PAYMENTS 4/2/21 Process Date :04/01/2021 00:00:00 Credit Amount : USD 184,103.12 Debit Amount : USD0.00 Sending Account :05 Customer : ABC COMPANY Currency : USD Payment Method : CASH DISBURSEMENT Status : Processed Entry Time :04/01/2021 16:12:18 Entered By : ABC EMPLOYEE Tracking Number Type Profile Name Value Date ACH21 Corporate Payments- PAYMENTS 4/2/21 Process Date : 04/01/2021 00:00:00 Credit Amount : USD 0.00 Debit Amount : USD100.00 Sending Account : 05 Customer : ABC COMPANY Currency : USD Payment Method :CASH CONCENTRATION Status : Processed Entry Time :04/01/2021 16:13:18 Entered By : ABC EMPLOYEE SAMPLE INFORMATION REPORTING Partial Reconciliation 15R00100 61 3A6'K 60. ACCT MO. ACCOUNT RECOTEILIAT:OS PAID CHECKS EXTRACT LIST CO. HD. PR0CE5SE0 05/02/13 PAGE 1, 01 =COCK =COCO( XECCIX PRINTED O6/02lli 7 _17.SS CMK CHECK CHECK DATE 0..87Cn 5CCILr.(C CMK CHCC•: CHECK DATE BATCH SE0UE5CE BRK 6'IArBER A"OUNT PAID N6R 56R ORX hullER A.QLYT PAID 66R PIER 146690 1.066.67 05/19/14 181G0 43775 146E155 535_43 05/20/14 18070 02513 146856 109.877.82 05/02/24 18100 3333: 146657 331.173.65 05/06/14 18110 74301 146855 362.36 05/15/14 18130' 38351 146859 527.68 05/21/13 18090 48730 146860 333.44 05/01/14 12330 07661 146852 1.366.91 05/06/14 18060 50650 146863 453.34 05/06/14 18060 51619 146864 331_01 05/07114 18110 585922 246866 266.51 05/05/14 18080 05977 146867 286.18 05/05/14 18160 45752 146564 5.000.00 05:22/14 18230 57710 136869 5.000.00 05/07/14 18080 37669 146870 991.27 05:07:14 18030 38210 136871 5.000.00 05/19/14 18160 30153 , 146672 5.000.00 05115/14 18130 36723 146873 128.55 05/19/14 18160 40602 146874 128.55 05/10/14 18260 40E01 146876 5.000_00 05/21/14 18060 16707 136877 5.000.00 05/20/14 18020 0276S 136878 2.500.00 05/30/14 18110 17446 146879 5,000.00 05/23/14 18150 33052 136883 5,000.00 05/28/14 18150 65776 146E85 1.764_91 05./29/14 18080 18404 TOTAL 6:T<DER 0C C.MEC55 25 TOTAL Ac'O[1NT OF PAID CnEC+:S 493.094.28 • Full Reconciliation . A❑UMIII 111ui ild C®( I I I • 0.00400 01 0a5'0.W. ACC?NO, +{(0651 RECON(IL:ATI00.AUDIT LEST 06 15500 CHECKS CO. 90. PR0CE55ED 06/05/14 PAGE 1 01 =Oa )100a =Oa PRINTED 06/05/14 19.44.42 - CHECK DATE CHECK CHECK DATE CHECK DISP TYPE P.W1ER ISSUED .WOUNT PAYEE 015P TYPE NSY5ER ISSUED 69008T PAYEE I 000146899 06/05/14 1.162.53 PAYEKA3.S3HAEEg4 I 000146900 06/05/14 1,162.53 PAYEEN+AE31-.4EEEEN - I 000136401 96/05/14 1.162.53 B^z' 5611E b^Y R ET•+ DFCARFENALY F120N3 REASON? K••• ISSUED••K• 50I0 •• STALE DATE •• •.. STOP PAY••• •"• DELETE •••• ' ' N1N.6E31 03 00 00 00 00 A}'0UN1 3.487.59 0.00 0.00 0.00 0.00 B❑❑®❑®❑01:101ML1®CI I II I I I 9R00400 60 GASK%O. ACCT NO. ACCOUNT RECONCILIATION OEGIMNI.SG OUTSTANDING CHECKS - CO. .SO. PROCESSED 06/02/14 PAGE 1 ]CKTSDO[ ]WCC>� 01 300000[ ' PR15'T[D 00/02/14 72.27.55 PAY 5 PAY I SERIAL CMCCK DATE CO. PAYEE T SCRIM CmICK DATE CO. PAYEE A NIMECR A`•OL'ST ISSUED P.O. NAME A MUmGER AMOUNT ISSUED P.O. r.A^.1 146575 .00 01/31/14 000 146654 .00 01/11/14 000 136693 1.666.6: 01/28/14 000 146751 .00 02/28/1. 000• 146792 .00 02/78/14 000 146831 .00 03/31/14 000• 146532 .00 03/11/14 000 146855 531.43 01/25/14 000• 146856 109.8.77.82 04/30/14 GOD 146857 131.373.65 01/30/14 000. 146958 362.16 04/30/14 000 146859 527.69 01/30/14 000 146500 443.44 04/10/14 000 146801 .00 04/30/24 005. 136862 1.366.91 04/30/14 000 146863 453.34 04/30/13 000 1468 0 20,11 04,300/14 000 00 PAYEE NAMES 1146865 4080: 286.18 0/30/14 003 u PAYEE NAMES • 146868 5,000.00 05/02/14 000 HAVE BEEN 146869 5.000.00 05/02/14 000 HAVE BEEN 140570 981.2. 05/0211.1 000 146871 S.000.00 05/09/14 OM 146874 5'1228.555 005/009/14 000 BLOCKED FOR 146875 5.000.00 05/16 14 ODO BLOCKED FOR /46370 5.005.00 01/16124 GOO 146877 5.000.00 05/16/14 000 PRIVACY 1468:8 2.505.00 05/16,14 000 PRIVACY 1468:9 5.000.00 05/16/13 005 • 146980 5,005.00 05/16/14 000 REASONS 146881 2.500.00 05/16/14 OGO REASONS 14G85. 5,003.00 05/21/14 000 146881 5.050.00 05/23/14 000 146864 5.000.00 05/ /14 000 146885 1.764.91 05/2314 000 146986 362.36 05/30/14 000 146897 655.36 0530/14 005 146888 443.44 01/30/14 000 246899 .00 05//10/14 000• 146895 1.366.91 05/10/14 000 146691 451.14 05/30/14 000 146892 .00 05/30/24 000 146803 128.55 05/30/14 ODO 146504 170.713.72 05/30/14 GOO • 146805 14.495.19 05/10/14 003 146896 5,005.00 05/10,/14 005 146897 5.010.00 05/30/14 000. 146998 5.000.00 05/10/14 000 000 SUGTDTAL 51 716,713.1S TOTAL 51 718.713.15 Patti CULII l l l❑®am NR00100 61 BANK NO. ACCT 50. ACCOUNT RECO.SCILIATIO`.PAID CHECKS EXTRACT LIST CO. N0. PROCESSED 06/02/14 PAGE le 01 100000( X C -PRINTED 06/02/14 22.17.55 Cm. CHICK CHEEK DATE CATCH S(0336(8 CHK CHECK CHICK DATE BATCH 51-QV(6C6 888 DINEER AYQUIR PAID N0R '%ER ORK N1h'OER AMOUNT PAID N5R %ER 146690 1.666.67 05/19/14 15160 43775 - 146955 535.43 05/29/14 18020 02512 136656 109.877.82 OS/02/14 18100 33337 • 146857 331.371.65 05/06/14 18110 74301 146555 362.36 05./15/13 15120 38351 146359 527.65 05/21/14 18090 48730 146860 443.44 05,/01/24 12330 07651 • 146662 1.366.91 05/06./14 15060 S0659 146663 453.34 05/06/14 18060 51619 146864 431.01 05)07/14 18110 58594 • 146866 266.51 05/05/14 15050 05977 136667 286.15 05/05/14 18180 45752 146E68 S.000.00 05/12/24 16230 57710 146E69 5.000.00 05/07/14 180E0 37669 146670 981.27 05/07;13 18050 38210 136871 5.000.00 05/19/14 18160 40151 146572 5.000.00 05/15,14 15130 16723 146573 128.55 05/19/14 19160 40602 146874 128.55 05/19/13 19160 30601 A 136E76 5.000.00 05/21/14 18060 16707 14667) 5.000.00 05/20/14 18020 02768 - 146676 2.500.00 05/30,/14 18110 17336 136679 5.000.00 05/23/14 18150 34052 • 246653 5.000.00 05;25/13 15150 65776 • 146995 1.764.91 01/29/13 150E0 3E404 I---�i,..TT1O7T'TAALL N1311ER 0G''CHICKS /'� 25 TOTAL A'O0NT or PAID CHECKS 491.094.26 1 Dal OM01 II��iC7W®❑V❑® AR00100 62 Ct\8 1.0. ACCT no. ACCOUNT RECONCILIATION ENDISG OUT5TAN01NG CHECKS CO. 1A. PROCESSED 06/02/14 PAGE 1' 01 XIC0001 =.ON X7COttY PR1N3C0 06/02/14 22.17.55 PAY S PAY T• SERIAL CHECK DATE CO. PAYEE T SERIAL CHECK DATE CO. PAYEE A 'Rb"6ER AMOUNT ISSUED NO. NAME .A NWSER A3'OUST ISSUED N0. NAY( 146575 .00 01/31/14 000 146653 .00 01;31/24 COO 1463E .00o 03/31/14 GOO PAYEE NAMES 146792 .00 136512 .00 01/31/14 00028114 000 PAYEE NAMES 66G55 5.000.0D0 o/16 4 00000 HAVE BEEN 146550 5.000.00 o/16ni Dm NO HAVE BEEN I. 1446684 1 5.00000.0000 05/13 14 wo GOO BLOCKED FOR 146566 146682 5'336022.36 05/50/14 COO COO BLOCKED FOR 146667 146589 GSS.0D 05/30/14 000 PRIVACY 136590 1.366.91 05/30146888 443.44 /14 030 14 000 PRIVACY 14669E 1146691 28.55 05/10/Y4 000 4 05/20/14 000 REASONS 14689 120.211.02 05/30 11 D4 OOOO REASONS 146895 14.495.19 05/30/14 030 136596 5.000.00 05/30/14 000 146897 5.000.00 05/30"14 000 146198 5.000.00 05/30/14 000 • SUBTOTAL 26 225.618.87 TOTAL OUTSTANDING 26 221.618.87 Ma®Pali C❑❑® AR00100 62 DANK'A. ACCT NO. ACCOUNT RECONCILIATION ESD:KG OUTSTANDING CHECKS CO. NO. PRO(E55ED 06;02/13 PAGE 1 .. 01 )pp0ppl .� PRINTED OG!02/13 �• •- SS PAY 5 PAY T• SERIAL C5EC6 DATE CO. PA5TE T SERIAL CHECK C:ATE CO. PAYCC A D'CER A'Ou7.T I55UC0 %0. NAPE A I:IM3ER A'OL5T ISSUED NO. NAME ` 336575 .00 01/31/24 000 146654 .00 01/31/14 000 146631 .00 01/31//134 000 PAYEE NAMES 14 937 .0000 o)31/1 0000 PAYEE NAMES 136575 S.000,o000 004/20/14 COO HAVE BEEN 146865 .00 04;30114 030 146660 5.000.00 05/26;14 000 HAVE BEEN 1'6664 2.500.00 ;00.E000 01 2i l4 C0OOOO BLOCKED FOR 1'6686 5'0266.22.36 05/30/14 0000 BLOCKED FOR 146539 146587 G55.00 05/30/14 000 PRIVACY 136590 1.366.91 05/30/14 000 441.44 05/10/14 000 PRIVACY 146691 128:5 05/30/14 5 30 34 COO REASONS 14669 170.213.02 01/10 : 000 000 REASONS 146695 14.495.19 05;'30/14 000 146596 5.000.00 05/10/14 000 145597 5.000.00 05/30/14 000 136598 5,000.00 05/30/14 000 SUBTOTAL 26 225.618.87 TOTAL OUTSTANDING 26 225.618.67 000a®Ld Paid C❑❑® :0200400 63 6A16 sOA ACCT N0, 36 0 50.4T REC01L1AT10N v_LTCH1)PAID CHECKS LIST CO. NO. 51(8855E0 00(07/14 PAGE 1 01 - COB PRINTCO 05/02/14 22.17.55 CHECK CHICK DATE BATCH SET] CHEEK CHICK DATE BATCH 5E0 55719(R AMOUNT PAID %BR 85R 015E95ITI0$ UMBER AMOUNT PAID I.BR NOR DISPOSITION • 146690 1.666.67 05/19/14 18160 43775 PAID 146551 535.4E 08/29114 15020 02513 PAID 146856 109.877.82 05/02/14 18100 33337 PAID 146857 331.373.65 05/06/11 18110 73101 PAID 136555 362.35 05/15 24 15130 35351 PASO 146959 527.65 0521/14 15090 45730 PASD 146860 443.44 05/01/14 12330 07661 PAID 146562 1.366.91 05/06/13 18060 55059 PAID 14686E 453.3E 05/06/14 18060 51619 PAID • 146864 431.01 05/07/14 /8110 58594 PAID 146566 266.51 05/05/14 15050 05977 PAID 146567 266.15 05/0S/14 16160 45752 PA20 146565, 1.000.00 05/12/14 16230 57710 PAID 146569 5.000.00 00/07/44 18050 27669 PAID 146870 981.27 05/07/14 18080 38210 PAID 146871 5.060.00 05/19/14 18160 40453 pup 146572 5.009,00 05/15/14 15130 367I3 PAID 146573 126.55 05/19,/14 16160 40602 PAID 246674 128.55 05/19/14 18160 40601 PAID 146676 5.000.00 05/21/14 18060 16707 PAID 146677 5,000.00 05/20/14 18020 0276E PAID 146878 2.500.00 05/10/14 18110 17446 PAID 1468779 5.000.00 05/23/14 16150 34052 PAID 146553 5.000.40 05/25/14 15150 65776 PAID 146865 1.761.51 05/26/14 18050 33104 PAID 60810196 25 193.094.23 , TOTAL 25 493.094.25 ® (M ,4� DATEM/DDIYYYY) o CERTIFICATE OF LIABILITY INSURANCE (M021 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER,AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED,the policy(ies)must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED,subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER CONTACT Mush USAInc. PHONE FAX 701 Mule Street,Suite 1100 (A/C.No.Ext): (A/C,No): St Louis,M)63101-1830 E-MAIL Attn:stlouis.certrequestQrmrsh.com f- 212-948-0811 ADDRESS: INSURER(S)AFFORDING COVERAGE NAIC# CN101536322-S'IND(IAVl 20-21 INSURER A:NA N/A INSURED INSURER B:American Zurich Insurance Company 40142 Central Bank ofthe Mdwest 8740N Ambassador Drive INSURER C:N/A N/A Kansas City,IvD)64154 INSURER D: INSURER E: INSURER F: i COVERAGES CERTIFICATE NUMBER: CHI-009812989-02 REVISION NUMBER: 1 THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES.LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR TYPE OF INSURANCE ADDL SUER POLICY EFF POLICY EXP LIMITS LTR INSD,WVD POLICY NUMBER (MM/DDIYYYY) (MM/DD/YYYY)� B X COMMERCIAL GENERAL LIABILITY GLA018246105 09/01/2020 09/01/2021 EACH OCCURRENCE $ 2,000,000 DAMAGE RENTED CLAIMS-MADE X OCCUR PREMISESO(Ea occurrence) $ 1,000,000 MED EXP(Any one person) $ 10,000 PERSONAL&ADVINJURY $ 1,000,000 GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $ 4,000,000 POLICY PRO- JECT X LOC PRODUCTS-COMP/OP AGG $ 4,000,000 OTHER: AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT (Ea accident) ANY AUTO BODILY INJURY(Per person) $ OWNED SCHEDULED BODILY INJURY(Per accident) $ AUTOS ONLY AUTOS HIRED NON-OWNED PROPERTY DAMAGE $ AUTOS ONLY AUTOS ONLY (Per accident) UMBRELLA LIAB OCCUR EACH OCCURRENCE S EXCESS LIAB CLAIMS-MADE AGGREGATE $ DED RETENTIONS $ WORKERS COMPENSATION - PER OTH- AND EMPLOYERS'LIABILITY Y/N STATUTE ER ANY PROPRIETOR/PARTNER/EXECUTIVE E.L.EACH ACCIDENT S OFFICER/MEMBER EXCLUDED? N/A (Mandatory in NH) E.L.DISEASE-EA EMPLOYEE $ If yes,describe under DESCRIPTION OF OPERATIONS below E.L.DISEASE-POLICY LIMIT $ DESCRIPTION OF OPERATIONS/LOCATIONS/VEHICLES(ACORD 101,Additional Remarks Schedule,may he attached if more space is required) Evidence of Insurance CERTIFICATE HOLDER CANCELLATION Central Bank of the Mdwest SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE 8740 N.Ambassador Dive THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN Kansas City,M)64154 ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED REPRESENTATIVE of Marsh USA Inc. Manashi Mukherjee J''tGL &9 t.s- .� ©1988-2016 ACORD CORPORATION. All rights reserved. ACORD 25(2016/03) The ACORD name and logo are registered marks of ACORD AC ® DATE(MMIDD/YYYY) CERTIFICATE OF LIABILITY INSURANCE 03/112021 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER,AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED,the policy(ies)must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED,subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER CONTACT Mush USAInc. NAME: PHN FAX 701 Muket Street,Suite 1100 jAIC. E. Extl: (A/C,No): St.Louis,MD 63101-1830 E-MAIL Attn:stlouis.ceMequest®uarsh.com FAX 212-948-0811 ADDRESS. INSURER(S)AFFORDING COVERAGE NAIC# CN101536322-Finprlyb,B-20-21 INSURER A:Travelers Casualty and Surety Com pany 31194 INSURED INSURER B: Central Bank ofthe Mdaest 8740 N.Ambassador Drive INSURER C: Kansas City,M)64154 INSURER D: INSURER E: INSURER F: COVERAGES CERTIFICATE NUMBER: CBI-009812995-01 REVISION NUMBER: 1 THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES.LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR ADDL SUBR POLICY EFF POLICY EXP LTR TYPE OF INSURANCE INSD WVD POLICY NUMBER (MMIDD/YYYY) (MM/DD/YYYY) LIMITS COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE $ CLAIMS-MADE OCCUR DAMAGE TO RENTED PREMISES(Ea occurrence) $ MED EXP(Any one person) $ PERSONAL 8 ADV INJURY $ GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE $ POLICY PRO- JECT LOC PRODUCTS-COMP/OP AGG $ OTHER: $ AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT $ (Ea accident) ANY AUTO BODILY INJURY(Per person) $ OWNED SCHEDULED BODILY INJURY(Per accident) $ AUTOS ONLY AUTOS HIRED NON-OWNED PROPERTY DAMAGE AUTOS ONLY AUTOS ONLY (Per accident) $ UMBRELLALIAB _ OCCUR EACH OCCURRENCE $ EXCESS LIAB CLAIMS-MADE AGGREGATE $ DED RETENTION$ $ WORKERS COMPENSATION PER OTH- AND EMPLOYERS'LIABILITY Y/N STATUTE ER ANY PROPRIETOR/PARTNER/EXECUTIVE E.L.EACH ACCIDENT $ OFFICER/MEMBER EXCLUDED? N N/A (Mandatory in NH) E.L.DISEASE-EA EMPLOYEE $ If yes,describe under DESCRIPTION OF OPERATIONS below E.L.DISEASE-POLICY LIMIT $ A Cyber 106013961 10/31/2020 10/312021 limit: 5,000,000 Self Insured Retention: 100,000 DESCRIPTION OF OPERATIONS/LOCATIONS/VEHICLES(ACORD 101,Additional Remarks Schedule,may be attached it more space is required) Evidence of Insurance CERTIFICATE HOLDER CANCELLATION Central Bank ofthe Mdvvest SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE . 8740 N Ambassador Drive THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN Kansas City,MD 64154 ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED REPRESENTATIVE of Marsh USA Inc. Manashi Mukherjee .LcLuant2 ,,Nx1u1«u4.e.e.. ©1988-2016 ACORD CORPORATION. All rights reserved. ACORD 25(2016/03) The ACORD name and logo are registered marks of ACORD � l ®A`� CERTIFICATE OF LIABILITY INSURANCE DATE(MM/DDIYYYI) 03/112021 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER,AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED,the policy(ies)must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED,subject to the terms and conditions of the policy,certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER CONTACT Mnsh L,SAInc. NAME: PHONE FAX 701 Mukct Street,Suite 1100 (A/c.No.Extl: (A/C,No): St Louis,MJ 63101-1830 E-MAIL Attu:stlouis.certrequest@marsh.com FAX 212-948-0811 ADDRESS: INSURER(S)AFFORDING COVERAGE NAIC# CN101536322-Finpr-ALL•20-21 INSURER A:Ttavelets Casualty and Surety Company of America 31194 INSURED INSURER B Central Bank ofthe Mdwest • 8740 N.Ambassador Drive INSURER C: Kansas City,MD 64154 INSURER D INSURER E: INSURER F: COVERAGES CERTIFICATE NUMBER: CHI-009812991-02 REVISION NUMBER: I THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES.LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR TYPE OF INSURANCE ADDL SUBR POLICY EFF POLICY EXP W /Y LIMITS LTR INSD VD POLICY NUMBER (MM/DDYYY) (MM/DDIYYYY) COMMERCIAL GENERAL LIABILITY EACH OCCURRENCE $ DAMAGE TO RENTED CLAIMS-MADE OCCUR PREMISES(Ea occurrence) $ MED EXP(Any one person) S PERSONAL&ADV INJURY $ GEN'L AGGREGATE LIMIT APPLIES PER: GENERAL AGGREGATE S POLICY PRO-JECT LOC PRODUCTS-COMP/OP AGG $ OTHER: S AUTOMOBILE LIABILITY COMBINED SINGLE LIMIT s (Ea accident) ANY AUTO BODILY INJURY(Per person) S OWNED SCHEDULED BODILY INJURY(Per accident) $ AUTOS ONLY AUTOS HIRED NON-OWNED PROPERTY DAMAGE $ AUTOS ONLY AUTOS ONLY (Per accident) $ UMBRELLA LIAB _ OCCUR EACH OCCURRENCE $ EXCESS LIAB CLAIMS-MADE AGGREGATE $ DED RETENTION S $ WORKERS COMPENSATION PER AND EMPLOYERS'LIABILITY Y I N STATUTE ERH ANY PROPRIETOR/PARTNER/EXECUTIVE E.L.EACH ACCIDENT $ OFFICER/MEMBEREXCLUDED? N N/A (Mandatory In NH) E.L.DISEASE-EA EMPLOYEE $ If yes,describe under DESCRIPTION OF OPERATIONS below E.L.DISEASE-POLICY LIMIT $ A Bankers Professional Liability 106013918 10/31/2020 10/31/2021 Unit: 10,000,000 Self Insured Retention: 1,500,000 DESCRIPTION OF OPERATIONS/LOCATIONS/VEHICLES(ACORD 101,Additional Remarks Schedule,may be attached if more space is required) Evidence of Insurance CERTIFICATE HOLDER CANCELLATION Central Bank of the Mdviest SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE 8740 N Ambassador D rive THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN Kansas City,MD 64154 ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED REPRESENTATIVE of Marsh USA Inc. Manashi Mukherjee �Luvvao►. ©1988-2016 ACORD CORPORATION. All rights reserved. ACORD 25(2016/03) The ACORD name and logo are registered marks of ACORD AGENCY CUSTOMER ID: CN101536322 LOC#: St.Louis A$D ADDITIONAL REMARKS SCHEDULE Page 2 of 2 AGENCY NAMED INSURED POLICY NUMBER Kansas City,M)64154 CARRIER NAIC CODE EFFECTIVE DATE: ADDITIONAL REMARKS THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM, FORM NUMBER: 25 FORM TITLE: Certificate of Liability Insurance ACORD 101 (2008/01) ©2008 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD UNDERSTANDING YOUR BUSINESS DEPOSIT ACCOUNTS TABLE OF CONTENTS TERMS AND CONDITIONS TERMS AND CONDITIONS OF YOUR ACCOUNT 1 OF YOUR ACCOUNT Important Information About Procedures IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A for Opening a New Account 1 NEW ACCOUNT-To help the government fight the funding of terrorism and Agreement 1 money laundering activities,federal law requires all financial institutions to obtain,verify,and record information that identifies each person who opens an Liability 1 account. Deposits 1 What this means for you:When you open an account,we will ask for your name, Withdrawals 2 address,date of birth(for individuals),and other information that will allow us Business,Organization and Association Accounts 2 to identify you.We may also ask to see your driver's license(for individuals)or other identifying documents. Positive Pay 2 AGREEMENT-This document,along with any other documents we give you Stop Payments 2 pertaining to your account(s),is a contract that establishes rules which control Telephone Transfers 2 your account(s) with us. Please read this carefully and retain it for future Amendments and Termination 2 reference.If you sign the signature card or open or continue to use the account, Notices 3 you agree to these rules. You will receive a separate schedule of rates, qualifying balances,and fees if they are not included in this document.If you Statements 3 have any questions,please call us. Account Transfer 3 This agreement is subject to applicable federal laws,the laws of the state of Direct Deposits 3 Missouri and other applicable rules such as the operating letters of the Federal Reserve Banks and payment processing system rules(except to the extent that Temporary Account Agreement 3 this agreement can and does vary such rules or laws).The body of state and Setoff 3 federal law that governs our relationship with you, however, is too large and Restrictive Legends or Endorsements 3 complex to be reproduced here.The purpose of this document is to: Payment Order of Items 3 (1) summarize some laws that apply to common transactions; (2) establish rules to cover transactions or events which the law does not Facsimile Signatures 3 regulate; Check Processing 3 (3) establish rules for certain transactions or events which the law regulates but Check Cashing 3 permits variation by agreement;and Truncation,Substitute Checks,and Other Check Images 3 (4) give you disclosures of some of our policies to which you may be entitled or in which you may be interested. Remotely Created Checks 3 If any provision of this document is found to be unenforceable according to its Unlawful Internet Gambling Notice 3 terms,all remaining provisions will continue in full force and effect.We may Endorsements 3 permit some variations from our standard agreement,but we must agree to any Death or Incompetence 4 variation in writing either on the signature card for your account or in some other document.Nothing in this document is intended to vary our duty to act in Fiduciary Accounts 4 good faith and with ordinary care when required by law. Credit Verification 4 As used in this document the words"we," "our,"and "us" mean the financial Legal Actions Affecting Your Account 4 institution and the words "you" and "your" mean the account holder(s) and Security 4 anyone else with the authority to deposit,withdraw,or exercise control over the funds in the account.However,this agreement does not intend,and the terms Telephonic Instructions 4 "you" and y "your" should not be interpreted, to expand an individual's Monitoring and Recording Telephone Calls responsibility for an organization's liability. If this account is owned by a and Consent to Receive Communications 4 corporation,partnership or other organization,individual liability is determined Claim of Loss 4 by the laws generally applicable to that type of organization.The headings in this document are for convenience or reference only and will not govern the Early Withdrawal Penalties 4 interpretation of the provisions.Unless it would be inconsistent to do so,words Address or Name Changes 4 and phrases used in this document should be construed so the singular includes Resolving Account Disputes 5 the plural and the plural includes the singular. Waiver of Notices 5 LIABILITY-You agree,for yourself(and the person or entity you represent if you sign as a representative of another)to the terms of this account and the Funds Transfers 5 schedule of charges.You authorize us to deduct these charges,without notice to Internal Accounting of Balances 5 you,directly from the account balance as accrued.You will pay any additional BUSINESS DEBIT CARD AGREEMENT reasonable charges for services you request which are not covered by this TERMS AND CONDITIONS 5 agreement. Each of you also agrees to be jointly and severally(individually) liable for any YOUR ABILITY TO WITHDRAW FUNDS 7 account shortage resulting from charges or overdrafts,whether caused by you OVERDRAFT ACCESS POLICY 7 or another with access to this account.This liability is due immediately,and can SPECIFIC ACCOUNT DETAILS 8 be deducted directly from the account balance whenever sufficient funds are Small Business Checking Account 8 available.You have no right to defer payment of this liability,and you are liable regardless of whether you signed the item or benefited from the charge or Business Checking Plus Account 8 overdraft. Commercial-Seasonal Account 8 You will be liable for our costs as well as for our reasonable attorneys'fees,to Commercial Checking Account 8 the extent permitted by law,whether incurred as a result of collection or in any Not For Profit Business Checking Account 8 other dispute involving your account. This includes, but is not limited to, disputes between you and another joint owner;you and an authorized signer or Business Interest Checking Account 8 similar party; or a third party claiming an interest in your account.This also Business Money Market Account 8 includes any action that you or a third party takes regarding the account that Business Savings Account 8 . causes us,in good faith,to seek the advice of an attorney,whether or not we Common Features 9 become involved in the dispute.All costs and attorneys'fees can be deducted from your account when they are incurred,without notice to you. DEPOSITS-We will give only provisional credit until collection is final for any items,other than cash,we accept for deposit(including items drawn "on us"). Before settlement of any item becomes final, we act only as your agent, regardless of the form of endorsement or lack of endorsement on the item and even though we provide you provisional credit for the item.We may reverse any provisional credit for items that are lost,stolen,or returned. Unless prohibited by law,we also reserve the right to charge back to your account the amount of any item deposited to your account or cashed for you which was initially paid by the payor bank and which is later returned to us due to an allegedly forged, unauthorized or missing endorsement, claim of alteration, encoding error or other problem which in our judgment justifies reversal of credit.You authorize us to attempt to collect previously returned items without giving you notice,and in attempting to collect we may permit the payor bank to hold an item beyond the midnight deadline. Actual credit for deposits of, or payable in, foreign currency will be at the exchange rate in effect on final collection in U.S.dollars. ©2019 Wolters Kluwer Financial Services,Inc.All rights reserved. AIB-B 8/1/2019 3q Custom TCM-27Bt,72,5,4n 201583605-010 EMOAIB36 Page 1 of 9 We are not responsible for transactions by mail or outside depository until we subsequent deposits, including direct deposits of social security or other actually record them.If you deliver a deposit to us and you will not be present government benefits,to cover such overdrafts and overdraft fees. when the deposit is counted,you must provide us an itemized list of the deposit Multiple signatures, electronic check conversion, and similar (deposit slip).To process the deposit,we will verify and record the deposit,and transactions - An electronic check conversion transaction is a transaction credit the deposit to the account. If there are any discrepancies between the where a check or similar item is converted into an electronic fund transfer as amounts shown on the itemized list of the deposit and the amount we defined in the Electronic Fund Transfers regulation. In these types of determine to be the actual deposit,we will notify you of the discrepancy.You transactions the check or similar item is either removed from circulation will be entitled to credit only for the actual deposit as determined by us, (truncated)or given back to you.As a result,we have no opportunity to review regardless of what is stated on the itemized deposit slip.We will treat and the check to examine the signatures on the item.You agree that,as to these or record all transactions received after our"daily cutoff time"on a business day any items as to which we have no opportunity to examine the signatures,you we are open,or received on a day we are not open for business,as if initiated on waive any requirement of multiple signatures. the next business day that we are open.At our option,we may take an item for Notice of withdrawal-We reserve the right to require not less than 7 days' collection rather than for deposit.If we accept a third-party check for deposit,we notice in writing before each withdrawal from an interest-bearing account other may require any third-party endorsers to verify or guarantee their than a time deposit or demand deposit,or from any other savings account as endorsements,or endorse in our presence. defined by Regulation D.(The law requires us to reserve this right,but it is not WITHDRAWALS- our general policy to use it.)Withdrawals from a time account prior to maturity Generally- Unless clearly indicated otherwise on the account records,any of or prior to any notice period may be restricted and may be subject to penalty. you,acting alone,who signs to open the account or has authority to make See your notice of penalty for early withdrawal. withdrawals may withdraw or transfer all or any part of the account balance at BUSINESS, ORGANIZATION AND ASSOCIATION ACCOUNTS-Earnings any time.Each of you(until we receive written notice to the contrary)authorizes in the form of interest,dividends,or credits will be paid only on collected funds, each other person who signs or has authority to make withdrawals to endorse unless otherwise provided by law or our policy.You represent that you have the any item payable to you or your order for deposit to this account or any other authority to open and conduct business on this account on behalf of the entity. transaction with us. We may require the governing body of the entity opening the account to give us Postdated checks-A postdated check is one which bears a date later than the a separate authorization telling us who is authorized to act on its behalf.We will date on which the check is written.We may properly pay and charge your honor the authorization until we actually receive written notice of a change from account for a postdated check even though payment was made before the date the governing body of the entity. of the check,unless we have received written notice of the postdating in time to POSITIVE PAY:We offer"positive pay"service to business checking account have a reasonable opportunity to act.Because we process checks mechanically, customers. Under the positive pay service,you notify us in advance of checks your notice will not be effective and we will not be liable for failing to honor that you write on your account,including information about the contents of the your notice unless it precisely identifies the number,date,amount and payee of check.When the check is presented to us for payment,we will compare the the item. contents of the check with the information you provided to us.If the check does Checks and withdrawal rules- If you do not purchase your check blanks not match the information you gave us then we will contact you for instructions from us,you must be certain that we approve the check blanks you purchase. on how to handle the check.Positive pay is an important method for protecting We may refuse any withdrawal or transfer request which you attempt on forms your accounts against fraud and forgery and we strongly recommend that you not approved by us or by any method we do not specifically permit.We may use positive pay.You agree that if you do not use the positive pay system then refuse any withdrawal or transfer request which is greater in number than the you may not make any claims against us,and we will have no liability,for any frequency permitted, or which is for an amount greater or less than any losses you might experience from forged,altered or fraudulent checks drawn on withdrawal limitations.We will use the date the transaction is completed by us your account. (as opposed to the date you initiate it)to apply the frequency limitations. In STOP PAYMENTS-The rules in this section cover stopping payment of items addition,we may place limitations on the account until your identity is verified. such as checks and drafts. Rules for stopping payment of other types of Even if we honor a nonconforming request,we are not required to do so later.If transfers of funds, such as consumer electronic fund transfers, may be you violate the stated transaction limitations(if any),in our discretion we may established by law or our policy. If we have not disclosed these rules to you close your account or reclassify it as a transaction account.If we reclassify your elsewhere,you may ask us about those rules. account,your account will be subject to the fees and earnings rules of the new We may accept an order to stop payment on any item from any one of you.You account classification. must make any stop-payment order in the manner required by law and we must If we are presented with an item drawn against your account that would be a receive it in time to give us a reasonable opportunity to act on it before our stop- "substitute check," as defined by law, but for an error or defect in the item payment cutoff time. Because stop-payment orders are handled by computers, introduced in the substitute check creation process,you agree that we may pay to be effective,your stop-payment order must precisely identify the number, such item. date,and amount of the item,and the payee.You may stop payment on any See the funds availability policy disclosure for information about when you can item drawn on your account whether you sign the item or not.Generally,if your withdraw funds you deposit.For those accounts to which our funds availability stop-payment order is given to us in writing it is effective for six months.Your policy disclosure does not apply,you can ask us when you make a deposit when order will lapse after that time if you do not renew the order in writing before those funds will be available for withdrawal.An item may be returned after the the end of the six-month period. If the original stop-payment order was oral funds from the deposit of that item are made available for withdrawal. In that your stop-payment order will lapse after 14 calendar days if you do not confirm case,we will reverse the credit of the item.We may determine the amount of your order in writing within that time period.We are not obligated to notify you available funds in your account for the purpose of deciding whether to return an when a stop-payment order expires.A release of the stop-payment request may item for insufficient funds at any time between the time we receive the item and be made only by the person who initiated the stop-payment order. when we return the item or send a notice in lieu of return.We need only make If you stop payment on an item and we incur any damages or expenses because one determination, but if we choose to make a subsequent determination,the of the stop payment,you agree to indemnify us for those damages or expenses, account balance at the subsequent time will determine whether there are including attorneys'fees.You assign to us all rights against the payee or any insufficient available funds. other holder of the item.You agree to cooperate with us in any legal actions that A temporary debit authorization hold affects your account balance-On we may take against such persons.You should be aware that anyone holding debit card purchases,merchants may request a temporary hold on your account the item may be entitled to enforce payment against you despite the stop- for a specified sum of money,which may be more than the actual amount of payment order. your purchase.When this happens,our processing system cannot determine Our stop-payment cutoff time is one hour after the opening of the next banking that the amount of the hold exceeds the actual amount of your purchase.This day after the banking day on which we receive the item.Additional limitations temporary hold,and the amount charged to your account,will eventually be on our obligation to stop payment are provided by law(e.g.,we paid the item in adjusted to the actual amount of your purchase,but it may be up to three days cash or we certified the item). before the adjustment is made. Until the adjustment is made,the amount of TELEPHONE TRANSFERS-A telephone transfer of funds from this account to funds in your account available for other transactions will be reduced by the another account with us,if otherwise arranged for or permitted,may be made amount of the temporary hold.If another transaction is presented for payment by the same persons and under the same conditions generally applicable to in an amount greater than the funds left after the deduction of the temporary withdrawals made in writing.Unless a different limitation is disclosed in writing, hold amount,that transaction will be a nonsufficient funds(NSF)transaction if we restrict the number of transfers from a savings account to another account or we do not pay it or an overdraft transaction if we do pay it.You will be charged to third parties, to a maximum of six per month (less the number of an NSF or overdraft fee according to our NSF or overdraft fee policy.You will be "preauthorized transfers"during the month).Other account transfer restrictions charged the fee even if you would have had sufficient funds in your account if may be described elsewhere. the amount of the hold had been equal to the amount of your purchase. AMENDMENTS AND TERMINATION - We may change any term of this Overdrafts-You understand that we may,at our discretion,honor withdrawal agreement.Rules governing changes in interest rates are provided separately in requests that overdraw your account. However,the fact that we may honor the Truth-in-Savings disclosure or in another document.For other changes,we withdrawal requests that overdraw the account balance does not obligate us to will give you reasonable notice in writing or by any other method permitted by do so later. So you can NOT rely on us to pay overdrafts on your account law.We may also close this account at any time upon reasonable notice to you regardless of how frequently or under what circumstances we have paid and tender of the account balance personally or by mail. Items presented for overdrafts on your account in the past.We can change our practice of paying payment after the account is closed may be dishonored.When you close your overdrafts on your account without notice to you.You can ask us if we have account,you are responsible for leaving enough money in the account to cover other account services that might be available to you where we commit to any outstanding items to be paid from the account.Reasonable notice depends paying overdrafts under certain circumstances,such as an overdraft protection on the circumstances,and in some cases such as when we cannot verify your line-of-credit or a plan to sweep funds from another account you have with us. identity or we suspect fraud,it might be reasonable for us to give you notice You agree that we may charge fees for overdrafts.For consumer accounts,we after the change or account closure becomes effective. For instance, if we will not charge fees for overdrafts caused by ATM withdrawals or one-time debit suspect fraudulent activity with respect to your account,we might immediately card transactions if you have not opted-in to that service. We may use freeze or close your account and then give you notice.If we have notified you of ©2019 Wolters Kluwer Financial Services,Inc.All rights reserved. AIB-B 8/1/2019 3q Custom TCM-27Bt,7z,5,4n 201583605-010 EMOAIB36 Page 2 of 9 a change in any term of your account and you continue to have your account PAYMENT ORDER OF ITEMS - The law permits us to pay items (such as after the effective date of the change,you have agreed to the new term(s). checks or drafts)drawn on your account in any order.To assist you in handling NOTICES-Any written notice you give us is effective when we actually receive your account with us,we are providing you with the following information it, and it must be given to us according to the specific delivery instructions regarding how we process the items that you write.When processing items provided elsewhere,if any.We must receive it in time to have a reasonable drawn on your account,our policy is to prioritize them according to the dollar opportunity to act on it.If the notice is regarding a check or other item,you must amount of each item. While we may depart from this policy under some give us sufficient information to be able to identify the check or item,including circumstances,we generally pay the largest items first.This policy will allow the precise check or item number,amount,date and payee.Written notice we your largest,and perhaps most important,items(such as your rent or mortgage give you is effective when it is deposited in the United States Mail with proper payment),to be paid first but might also increase the overdraft or NSF fees you postage and addressed to your mailing address we have on file.Notice to any of must pay if funds are not available to pay all of the items.If an item is presented you is notice to all of you. without sufficient funds in your account to pay it,we may,at our discretion,pay STATEMENTS - Your duty to report unauthorized signatures, the item (creating an overdraft) or return the item (NSF).The amounts of the alterations and forgeries-You must examine your statement of account with overdraft and NSF fees are disclosed elsewhere.We encourage you to make "reasonable promptness." If you discover (or reasonably should have careful records and practice good account management.This will help you to discovered) any unauthorized signatures or alterations,you must promptly avoid writing checks or drafts without sufficient funds and incurring the notify us of the relevant facts.As between you and us,if you fail to do either of resulting fees. these duties,you will have to either share the loss with us, or bear the loss FACSIMILE SIGNATURES-Unless you make advance arrangements with us, entirely yourself(depending on whether we used ordinary care and, if not, we have no obligation to honor facsimile signatures on your checks or other whether we substantially contributed to the loss).The loss could be not only orders. If we do agree to honor items containing facsimile signatures,you with respect to items on the statement but other items with unauthorized authorize us,at any time,to charge you for all checks,drafts,or other orders,for signatures or alterations by the same wrongdoer. the payment of money, that are drawn on us. You give us this authority You agree that the time you have to examine your statement and report to us regardless of by whom or by what means the facsimile signature(s)may have will depend on the circumstances,but will not,in any circumstance,exceed a been affixed so long as they resemble the facsimile signature specimen filed total of 30 days from when the statement is first sent or made available to you. with us,and contain the required number of signatures for this purpose.You You further agree that if you fail to report any unauthorized signatures, must notify us at once if you suspect that your facsimile signature is being or alterations or forgeries in your account within 60 days of when we first send or has been misused. make the statement available,you cannot assert a claim against us on any items CHECK PROCESSING -We process items mechanically by relying solely on in that statement,and as between you and us the loss will be entirely yours. the information encoded in magnetic ink along the bottom of the items.This This 60-day limitation is without regard to whether we used ordinary care.The means that we do not individually examine all of your items to determine if the limitation in this paragraph is in addition to that contained in the first paragraph item is properly completed,signed and endorsed or to determine if it contains of this section. any information other than what is encoded in magnetic ink.You agree that we Your duty to report other errors-In addition to your duty to review your have exercised ordinary care if our automated processing is consistent with statements for unauthorized signatures,alterations and forgeries,you agree to general banking practice,even though we do not inspect each item.Because we examine your statement with reasonable promptness for any other error-such do not inspect each item, if you write a check to multiple payees, we can as an encoding error.In addition,if you receive or we make available either your properly pay the check regardless of the number of endorsements unless you items or images of your items,you must examine them for any unauthorized or notify us in writing that the check requires multiple endorsements.We must missing endorsements or any other problems.You agree that the time you have receive the notice in time for us to have a reasonable opportunity to act on it, to examine your statement and items and report to us will depend on the and you must tell us the precise date of the check,amount,check number and circumstances. However,this time period shall not exceed 60 days. Failure to payee.We are not responsible for any unauthorized signature or alteration that examine your statement and items and report any errors to us within 60 days of would not be identified by a reasonable inspection of the item. Using an when we first send or make the statement available precludes you from automated process helps us keep costs down for you and all account holders. asserting a claim against us for any errors on items identified in that statement CHECK CASHING -We may charge a fee for anyone that does not have an and as between you and us the loss will be entirely yours. account with us who is cashing a check, draft or other instrument written on ACCOUNT TRANSFER -This account may not be transferred or assigned your account.We may also require reasonable identification to cash such a without our prior written consent. check,draft or other instrument.We can decide what identification is reasonable DIRECT DEPOSITS-If we are required for any reason to reimburse the federal under the circumstances and such identification may be documentary or government for all or any portion of a benefit payment that was directly physical and may include collecting a thumbprint or fingerprint. deposited into your account,you authorize us to deduct the amount of our TRUNCATION,SUBSTITUTE CHECKS, AND OTHER CHECK IMAGES-If liability to the federal government from the account or from any other account you truncate an'original check and create a substitute check,or other paper or you have with us,without prior notice and at any time,except as prohibited by electronic image of the original check,you warrant that no one will be asked to law.We may also use any other legal remedy to recover the amount of our make payment on the original check,a substitute check or any other electronic liability. or paper image,if the payment obligation relating to the original check has TEMPORARY ACCOUNT AGREEMENT - If the account documentation already been paid. You also warrant that any substitute check you create indicates that this is a temporary account agreement,each person who signs to conforms to the legal requirements and generally accepted specifications for open the account or has authority to make withdrawals(except as indicated to substitute checks.You agree to retain the original check in conformance with the contrary)may transact business on this account.However,we may at some our internal policy for retaining original checks.You agree to indemnify us for time in the future restrict or prohibit further use of this account if you fail to any loss we may incur as a result of any truncated check transaction you initiate. comply with the requirements we have imposed within a reasonable time. We can refuse to accept substitute checks that have not previously been SETOFF-We may(without prior notice and when permitted by law)set off the warranted by a bank or other financial institution in conformance with the Check funds in this account against any due and payable debt any of you owe us now 21 Act.Unless specifically stated in a separate agreement between you and us, or in the future.If this account is owned by one or more of you as individuals, we do not have to accept any other electronic or paper image of an original we may set off any funds in the account against a due and payable debt a check. partnership owes us now or in the future,to the extent of your liability as a REMOTELY CREATED CHECKS-Like any standard check or draft,a remotely partner for the partnership debt.If your debt arises from a promissory note,then created check(sometimes called a telecheck, preauthorized draft or demand the amount of the due and payable debt will be the full amount we have draft)is a check or draft that can be used to withdraw money from an account. demanded,as entitled under the terms of the note,and this amount may include Unlike a typical check or draft,however,a remotely created check is not issued any portion of the balance for which we have properly accelerated the due date. by the paying bank and does not contain the signature of the account owner(or This right of setoff does not apply to this account if prohibited by law. For a signature purported to be the signature of the account owner). In place of a example, the right of setoff does not apply to this account if: (a) it is an signature,the check usually has a statement that the owner authorized the check Individual Retirement Account or similar tax-deferred account,or(b)the debt is or has the owner's name typed or printed on the signature line. created by a consumer credit transaction under a credit card plan(but this does You warrant and agree to the following for every remotely created check we not affect our rights under any consensual security interest),or(c)the debtor's receive from you for deposit or collection: (1)you have received express and right of withdrawal only arises in a representative capacity, or(d) setoff is verifiable authorization to create the check in the amount and to the payee that prohibited by the Military Lending Act or its implementing regulations.We will appears on the check;(2)you will maintain proof of the authorization for at least not be liable for the dishonor of any check when the dishonor occurs because 2 years from the date of the authorization,and supply us the proof if we ask;and we set off a debt against this account.You agree to hold us harmless from any (3) if a check is returned you owe us the amount of the check, regardless of claim arising as a result of our exercise of our right of setoff. when the check is returned.We may take funds from your account to pay the RESTRICTIVE LEGENDS OR ENDORSEMENTS-The automated processing amount you owe us,and if there are insufficient funds in your account,you still of the large volume of checks we receive prevents us from inspecting or looking owe us the remaining balance. for restrictive legends,restrictive endorsements or other special instructions on UNLAWFUL INTERNET GAMBLING NOTICE -Restricted transactions as every check. Examples of restrictive legends placed on checks are "must be defined in Federal Reserve Regulation GG are prohibited from being processed presented within 90 days"or"not valid for more than$1,000.00."The payee's through this account or relationship. Restricted transactions generally include, signature accompanied by the words "for deposit only" is an example of a but are not limited to,those in which credit,electronic fund transfers,checks,or restrictive endorsement. For this reason,we are not required to honor any drafts are knowingly accepted by gambling businesses in connection with the restrictive legend or endorsement or other special instruction placed on checks participation by others in unlawful Internet gambling. you write unless we have agreed in writing to the restriction or instruction. ENDORSEMENTS - We may accept for deposit any item payable to you or Unless we have agreed in writing,we are not responsible for any losses,claims, your order,even if they are not endorsed by you.We may give cash back to any damages,or expenses that result from your placement of these restrictions or one of you.We may supply any missing endorsement(s)for any item we accept instructions on your checks. for deposit or collection,and you warrant that all endorsements are genuine. ©2019 Wolters Kluwer Financial Services,Inc.All rights reserved. AIB-B 8/1/2019 3q Custom TCM-27Bt,7z,5,4n 201583605-010 EMOAIB36 Page 3 of 9 To ensure that your check or share draft is processed without delay,you must Your account number can also be used to electronically remove money from endorse it(sign it on the back) in a specific area.Your entire endorsement your account, and payment can be made from your account even though you (whether a signature or a stamp)along with any other endorsement information did not contact us directly and order the payment. (e.g. additional endorsements,ID information,driver's license number,etc.) You must also take precaution in safeguarding your blank checks. Notify us at must fall within 11/2" of the"trailing edge"of a check.Endorsements must be once if you believe your checks have been lost or stolen.As between you and made in blue or black ink, so that they are readable by automated check us,if you are negligent in safeguarding your checks,you must bear the loss processing equipment. entirely yourself or share the loss with us(we may have to share some of the As you look at the front of a check,the"trailing edge"is the left edge.When you loss if we failed to use ordinary care and if we substantially contributed to the flip the check over,be sure to keep all endorsement information within 11/2"of loss). that edge. Except for consumer electronic funds transfers subject to Regulation E,you agree that if we offer you services appropriate for your account to help identify Name 7654 and limit fraud or other unauthorized transactions against your account,such as Address,City,State 20_ positive pay or commercially reasonable security procedures,and you reject Pay to the those services, you will be responsible for any fraudulent or unauthorized order of $ transactions which could have been prevented by the services we offered, • dollars unless we acted in bad faith or to the extent our negligence contributed to the Bank Name loss.If we offered you a commercially reasonable security procedure which you and Location reject, you agree that you are responsible for any payment order,whether Memo authorized or not,that we accept in compliance with an alternative security 23r.567e91: 7654 procedure that you have selected. TRAILING EDGE FRONT OF CHECK TELEPHONIC INSTRUCTIONS - Unless required by law or we have agreed otherwise in writing,we are not required to act upon instructions you give us via facsimile transmission or leave by voice mail or on a telephone answering —► machine. MONITORING AND RECORDING TELEPHONE CALLS AND CONSENT TO RECEIVE COMMUNICATIONS - Subject to federal and state law,we may r 1+/2°°-0.- Keep your endorsement monitor or record phone calls for security reasons,to maintain a record and to out of this area. ensure that you receive courteous and efficient service.You consent in advance YOUR ENDORSEMENT MUST BE WITHIN THIS AREA to any such recording. To provide you with the best possible service in our ongoing business relationship for your account we may need to contact you about your account BACK OF CHECK from time to time by telephone,text messaging or email. However,we must first obtain your consent to contact you about your account because we must It is important that you confine the endorsement information to this area since comply with the consumer protection provisions in the federal Telephone the remaining blank space will be used by others in the processing of the check Consumer Protection Act of 1991 (TCPA), CAN-SPAM Act and their related to place additional needed endorsements and information.You agree that you federal regulations and orders issued by the Federal Communications will indemnify,defend,and hold us harmless for any loss,liability,damage or Commission(FCC). expense that occurs because your endorsement, another endorsement or •Your consent is limited to your account,and as authorized by applicable information you have printed on the back of the check obscures our law and regulations. endorsement. •Your consent does not authorize us to contact you for telemarketing These endorsement guidelines apply to both personal and business checks. purposes(unless you otherwise agreed elsewhere). DEATH OR INCOMPETENCE-You agree to notify us promptly if any person With the above understandings,you authorize us to contact you regarding your with a right to withdraw funds from your account(s) dies or is adjudicated account throughout its existence using any telephone numbers or email (determined by the appropriate official)incompetent.We may continue to honor addresses that you have previously provided to us or that you may your checks, items, and instructions until: (a) we know of your death or subsequently provide to us. adjudication of incompetence,and(b)we have had a reasonable opportunity to This consent is regardless of whether the number we use to contact you is act on that knowledge.You agree that we may pay or certify checks drawn on or assigned to a landline,a paging service,a cellular wireless service,a specialized before the date of death or adjudication of incompetence for up to ten(10)days mobile radio service,other radio common carrier service or any other service for after your death or adjudication of incompetence unless ordered to stop which you may be charged for the call.You further authorize us to contact you payment by someone claiming an interest in the account. through the use of voice,voice mail and text messaging,including the use of FIDUCIARY ACCOUNTS-Accounts may be opened by a person acting in a pre-recorded or artificial voice messages and an automated dialing device. fiduciary capacity.A fiduciary is someone who is appointed to act on behalf of If necessary,you may change or remove any of the telephone numbers or email and for the benefit of another.We are not responsible for the actions of a addresses at any time using any reasonable means to notify us. fiduciary, including the misuse of funds. This account may be opened and CLAIM OF LOSS-The following rules do not apply to a transaction or claim maintained by a person or persons named as a trustee under a written trust related to a consumer electronic fund transfer governed by Regulation E (e.g., agreement,or as executors,administrators,or conservators under court orders. an everyday consumer debit card or ATM transaction).The error resolution You understand that by merely opening such an account,we are not acting in procedures for consumer electronic fund transfers can be found in our initial the capacity of a trustee in connection with the trust nor do we undertake any Regulation E disclosure titled, "Electronic Fund Transfers." For other obligation to monitor or enforce the terms of the trust or letters. transactions or claims, if you claim a credit or refund because of a forgery, CREDIT VERIFICATION - You agree that we may verify credit and alteration,or any other unauthorized withdrawal,you agree to cooperate with us employment history by any necessary means,including preparation of a credit in the investigation of the loss, including giving us an affidavit containing report by a credit reporting agency. whatever reasonable information we require concerning your account, the LEGAL ACTIONS AFFECTING YOUR ACCOUNT- If we are served with a transaction,and the circumstances surrounding the loss.You will notify law subpoena, restraining order, writ of attachment or execution, levy, enforcement authorities of any criminal act related to the claim of lost,missing, garnishment,search warrant,or similar order relating to your account(termed or stolen checks or unauthorized withdrawals.We will have a reasonable period "legal action"in this section),we will comply with that legal action.Or,in our of time to investigate the facts and circumstances surrounding any claim of loss. discretion,we may freeze the assets in the account and not allow any payments Unless we have acted in bad faith, we will not be liable for special or out of the account until a final court determination regarding the legal action. consequential damages, including loss of profits or opportunity, or for We may do these things even if the legal action involves less than all of you.In attorneys'fees incurred by you. these cases,we will not have any liability to you if there are insufficient funds You agree that you will not waive any rights you have to recover your loss to pay your items because we have withdrawn funds from your account or in against anyone who is obligated to repay, insure,or otherwise reimburse you any way restricted access to your funds in accordance with the legal action. for your loss.You will pursue your rights or,at our option,assign them to us so Any fees or expenses we incur in responding to any legal action (including, that we may pursue them. Our liability will be reduced by the amount you without limitation,attorneys'fees and our internal expenses) may be charged recover or are entitled to recover from these other sources. against your account.The list of fees applicable to your account(s) provided EARLY WITHDRAWAL PENALTIES (and involuntary withdrawals) - We elsewhere may specify additional fees that we may charge for certain legal may impose early withdrawal penalties on a withdrawal from a time account actions. even if you don't initiate the withdrawal. For instance,the early withdrawal SECURITY - It is your responsibility to protect the account numbers and penalty may be imposed if the withdrawal is caused by our setoff against funds electronic access devices (e.g., an ATM card) we provide you for your in the account or as a result of an attachment or other legal process.We may account(s). Do not discuss,compare,or share information about your account close your account and impose the early withdrawal penalty on the entire number(s)with anyone unless you are willing to give them full use of your account balance in the event of a partial early withdrawal.See your notice of money.An account number can be used by thieves to issue an electronic debit penalty for early withdrawals for additional information. or to encode your number on a false demand draft which looks like and ADDRESS OR NAME CHANGES-You are responsible for notifying us of any functions like an authorized check.If you furnish your access device and grant change in your address or your name. Unless we agree otherwise,change of actual authority to make transfers to another person (a family member or address or name must be made in writing by at least one of the account holders. coworker,for example)who then exceeds that authority,you are liable for the Informing us of your address or name change on a check reorder form is not transfers unless we have been notified that transfers by that person are no sufficient.We will attempt to communicate with you only by use of the most longer authorized. recent address you have provided to us.If provided elsewhere,we may impose a service fee if we attempt to locate you. ©2019 Wolters Kluwer Financial Services,Inc.All rights reserved. • AIB-B 8/1/2019 3q Custom TCM-27Bt,7z,5,4n 201583605-010 EMOAIB36 Page 4 of 9 RESOLVING ACCOUNT DISPUTES-We may place an administrative hold on circumstance exceed 14 days from when you are notified of our acceptance or the funds in your account (refuse payment or withdrawal of the funds) if it execution of the payment order or amendment or that your account was debited becomes subject to a claim adverse to(1)your own interest;(2)others claiming with respect to the order or amendment. If you do not provide us with timely an interest as survivors or beneficiaries of your account;or(3)a claim arising by notice you will not be entitled to interest on any refundable amount.If we can operation of law.The hold may be placed for such period of time as we believe prove that you failed to perform either of these duties with respect to an reasonably necessary to allow a legal proceeding to determine the merits of the erroneous payment and that we incurred a loss as a result of the failure,you are claim or until we receive evidence satisfactory to us that the dispute has been liable to us for the amount of the loss not exceeding the amount of your order. resolved. We will not be liable for any items that are dishonored as a Identifying number-If your payment order identifies an intermediate bank, consequence of placing a hold on funds in your account for these reasons. beneficiary bank,or beneficiary by name and number,we and every receiving or WAIVER OF NOTICES-To the extent permitted by law,you waive any notice beneficiary bank may rely upon the identifying number rather than the name to of non-payment,dishonor or protest regarding any items credited to or charged make payment, even if the number identifies an intermediate bank or person against your account. For example,if you deposit a check and it is returned different than the bank or beneficiary identified by name. Neither we nor any unpaid or we receive a notice of nonpayment,we do not have to notify you receiving or beneficiary bank have any responsibility to determine whether the unless required by federal Regulation CC or other law. name and identifying number refer to the same financial institution or person. FUNDS TRANSFERS-The terms used in this section have the meaning given Record of oral or telephone orders-You agree that we may,if we choose, to them in Article 4A of the Uniform Commercial Code-Funds Transfers(UCC record any oral or telephone payment order or communication of amendment 4A).This section will generally not apply to you if you are a consumer.However, or cancelation. even if you are a consumer,this section will apply to that part of any funds Notice of credit-If we receive a payment order to credit an account you have transfer that is conducted by Fedwire.This section is subject to UCC 4A as with us,we are not required to provide you with any notice of the payment adopted in the state in which you have your deposit with us.This agreement is order or the credit. also subject to all clearing house association rules, rules of the Board of Provisional credit-You agree to be bound by the automated clearing house Governors of the Federal Reserve System and their operating circulars. If any association operating rules that provide that payments made to you or part of this agreement is determined to be unenforceable, the rest of the originated by you by funds transfer through the automated clearing house agreement remains effective.This agreement controls funds transfers unless system are provisional until final settlement is made through a Federal Reserve supplemented or amended in a separate written agreement signed by us.This Bank or otherwise payment is made as provided in Article 4A-403(a) of the agreement does not apply to a funds transfer if any part of the transfer is Uniform Commercial Code. governed by the Electronic Fund Transfer Act of 1978 (EFTA), except this Refund of credit-You agree that if we do not receive payment of an amount agreement does apply to a funds transfer that is a remittance transfer as defined credited to your account,we are entitled to a refund from you in the amount in EFTA unless the remittance transfer is an electronic fund transfer as defined credited and the party originating such payment will not be considered to have in EFTA. paid the amount so credited. Funds transfer- A funds transfer is the transaction or series of transactions Amendment of funds transfer agreement -From time to time we may that begin with the originator's payment order,made for the purpose of making amend any term of this agreement by giving you reasonable notice in writing. payment to the beneficiary of the order.A funds transfer is completed by the We may give notice to anyone who is authorized to send payment orders to us acceptance by the beneficiary's bank of a payment order for the benefit of the in your name,or to anyone who is authorized to accept service. beneficiary of the originator's order.You may give us a payment order orally, Cancelation or amendment of payment order-You may cancel or amend a electronically, or in writing, but your order cannot state any condition to payment order you give us only if we receive the communication of cancelation payment to the beneficiary other than the time of payment.Credit entries may or amendment before our cutoff time and in time to have a reasonable be made by ACH. opportunity to act on it before we accept the payment order. The Authorized account-An authorized account is a deposit account you have communication of cancelation or amendment must be presented in conformity with us that you have designated as a source of payment of payment orders you with the same security procedure that has been agreed to for payment orders. issue to us.If you have not designated an authorized account,any account you Intermediaries - We are not liable for the actions of any intermediary, have with us is an authorized account to the extent that payment of the payment regardless of whether or not we selected the intermediary. We are not order is not inconsistent with the use of the account. responsible for acts of God,outside agencies,or nonsalaried agents. Acceptance of your payment order-We are not obligated to accept any Limit on liability - You waive any claim you may have against us for payment order that you give us,although we normally will accept your payment consequential or special damages, including loss of profit arising out of a order if you have a withdrawable credit in an authorized account sufficient to payment order or funds transfer,unless this waiver is prohibited by law.We are cover the order.If we do not execute your payment order,but give you notice of not responsible for attorney fees you might incur due to erroneous execution of our rejection of your payment order after the execution date or give you no payment order. notice,we are not liable to pay you as restitution any interest on a withdrawable Erroneous execution-If we receive an order to pay you,and we erroneously credit in a non-interest-bearing account. pay you more than the amount of the payment order,we are entitled to recover Cutoff time -If we do not receive your payment order or communication from you the amount in excess of the amount of the payment order,regardless canceling or amending a payment order before our cutoff time on a funds of whether you may have some claim to the excess amount against the transfer day for that type of order or communication, the order or originator of the order. communication will be deemed to be received at the opening of our next funds Objection to payment -If we give you a notice that reasonably identifies a transfer business day. payment order issued in your name as sender that we have accepted and Payment of your order-If we accept a payment order you give us,we may received payment for,you cannot claim that we are not entitled to retain the receive payment by automatically deducting from any authorized account the payment unless you notify us of your objection to the payment within 60 days of amount of the payment order plus the amount of any expenses and charges for our notice to you. our services in execution of your payment order.We are entitled to payment on Internal Accounting of Balances-No effect on your account:For regulatory the payment or execution date.Unless your payment order specifies otherwise, and accounting purposes, your checking account will consist of two 'sub- the payment or execution date is the funds transfer date we receive the payment accounts' on our books: (1) either a transaction sub-account or an interest- order.The funds transfer is completed upon acceptance by the beneficiary's bearing transaction sub-account and (2) a non-transaction sub-account.These bank.Your obligation to pay your payment order is excused if the funds transfer sub-accounts are treated as a single account for statements and daily use of is not completed, but you are still responsible to pay us any expenses and your account. Interest is not earned on either sub-account for non interest- charges for our services. However,if you told us to route the funds transfer bearing checking accounts. On interest-bearing checking accounts,the same through an intermediate bank,and we are unable to obtain a refund because the interest rate may be paid on both sub-accounts,and your periodic statement will intermediate bank that you designated has suspended payments,then you are reflect a single blended annual percentage yield(APY)earned. still obligated to pay us for the payment order. You will not be entitled to Whenever your transaction sub-account balance exceeds a threshold amount interest on any refund you receive because the beneficiary's bank does not (which we may set and change at our discretion),we may transfer funds above accept the payment order. that amount to the non-transaction sub-account.As these funds are needed to Security procedure - As described more fully in a separate writing, the pay items presented against your checking account,we will transfer funds from authenticity of a payment order or communication canceling or amending a the non-transaction sub-account to the transaction sub-account,up to six times payment order issued in your name as sender may be verified by a security per statement period.If a sixth transfer is needed,the entire balance in the non- procedure.You affirm that you have no circumstances which are relevant to the transaction sub-account will be transferred into the transaction sub-account. determination of a commercially reasonable security procedure unless those This process may be repeated each monthly statement period. circumstances are expressly contained in a separate writing signed by us.You This balance accounting has no effect on the daily use of your account,on how may choose from one or more security procedures that we have developed,or checks are paid, or on how your account activity appears on your monthly you may develop your own security procedure if it is acceptable to us. If you statement. refuse a commercially reasonable security procedure that we have offered you, you agree that you will be bound by any payment order issued in your name, whether or not authorized,that we accept in good faith and in compliance with BUSINESS DEBIT CARD AGREEMENT the security procedure you have chosen. TERMS AND CONDITIONS Duty to report unauthorized or erroneous payment-You must exercise Introduction.This Business Debit Card Agreement("Agreement") contains ordinary care to determine that all payment orders or amendments to payment contract terms and other important information relating to your Business Debit orders that we accept that are issued in your name are authorized,enforceable, Card ("Card").These terms govern the operation of this account unless varied in the correct amount,to the correct beneficiary,and not otherwise erroneous.If or supplemented in writing.This Agreement also incorporates any other terms you discover(or with reasonable care should have discovered)an unauthorized, and conditions provided separately with your account agreement as well as the unenforceable,or erroneously executed payment order or amendment,you terms of any disclosures you may have received. You should read this must exercise ordinary care to notify us of the relevant facts.The time you have Agreement carefully and keep a copy for your records. to notify us will depend on the circumstances, but that time will not in any ©2019 Wolters Kluwer Financial Services,Inc.All rights reserved. AIB-B 8/1/2019 3q Custom TCM-27Bt,7z,5,4n 201583605-010 EMOAIB36 Page 5 of 9 Applicable Law.This Agreement will be governed by the laws of the state in regardless of whether there is a currency conversion.A cross-border transaction which your account is located as well as federal laws and regulations. Normal is a transaction processed through the Global Clearing Management System or banking customs and practices also apply. the Mastercard Debit Switch in which the country of the merchant is different Definitions. Unless inconsistent,words and phrases used in this document than the country of the cardholder. shall be construed so that the singular includes the plural and the plural includes Advisory Against Illegal Use. You agree not to use your Card for illegal the singular.The words"we," "our,"and "us" refer to the financial institution gambling or other illegal purpose. Display of a payment card logo by, for which issues the Card.The words "you"and "your" refer to the owner of the example,an online merchant does not necessarily mean that transactions are specific account for which Card transactions are permitted. The word lawful in all jurisdictions in which the Cardholder may be located. "Cardholder"refers to any person authorized by you to use the Card. Mastercard Automatic Billing Updater Notice of Right to Opt Out.Your Business Debit Card Purpose.You and any Cardholder agree that this Card is Mastercard Business Debit Card will be automatically enrolled in the free for use by business owners and employees.The Card can be used for business Mastercard'Automatic Billing Updater(ABU)service.With ABU,your account purpose point-of-sale and Automated Teller Machine (ATM)transactions only. files will be updated when information changes because of a product upgrade, The Card may not be used for personal purposes. You acknowledge and card expiration;loss or theft,account closure or other changes.A participating understand that the Card shall not be treated as a consumer card under the merchant can access that updated card information before requesting a provisions of state and federal law.You agree to provide written instructions to payment. Since not all merchants participate, you should also contact the all Cardholders that the Card shall not be used for consumer purposes.We merchants directly if your card information changes.You are entitled to opt out assume all transactions are for business purposes. We do not monitor of this service.You may opt out at any time. transactions to determine their purpose. If you want to opt out,phone us at 855-401-4599.You must include your name, Account Requirement, Payment Responsibility, Transferability, last four digits of your card number,and business name.If you opt out,you may Enforceability.The services described in this Agreement will be available to opt back in if you decide you want the Mastercard Automatic Billing Updater you only as long as you maintain a business checking or savings account with service in the future.You may opt in the same way(s)that you can opt out. us.You are liable for the payment of Card transactions authorized by you or ATM Operator/Network Fees.When you use an ATM not owned by us,you your agent or any Cardholder or their agent. This account may not be may be charged a fee by the ATM operator or any network used(and you may be transferred or assigned without our written consent. charged a fee for a balance inquiry even if you do not complete a fund transfer). If any terms of this Agreement cannot be legally enforced,it will be considered FEES changed to the extent necessary to comply with applicable laws. If any part of • We charge$ 5.O0 to replace a lost or stolen Card. this Agreement becomes unenforceable, it will not make any other part unenforceable. • We charge$ 15.00 for each alternate shipping address. How to Use the Business Debit Card, Security Procedures.The Card • We charge$ 25.00 for each expedited/rush shipment. allows Cardholders to directly access the business checking or savings account • Please refer to the disclosure provided to you when the business checking specified in your Card Authorization Form.We will issue Cards and codes to you account was opened for additional information on fees. at your request.Each Card will identify your business as well as the Cardholder. DOCUMENTATION You agree to the following security procedures.Each Cardholder must sign their Terminal Transfers.You can get a receipt at the time you make a transfer to or Card before it may be used.You agree to require both a Card and a code to be from your account using an automated teller machine or point-of-sale terminal. used together to obtain cash at designated ATMs.However,you may use your However,you may not get a receipt if the amount of the transfer is$15 or less. Card to purchase goods or pay for services without a code. Once a Card has Retain Copies for Your Records. You should retain copies of all records been issued it cannot be transferred to another person. You agree to including receipts, credit slips (for returned merchandise), and cancellation immediately notify us when you terminate a Cardholder's rights and to promptly numbers(for cancelled reservations).You should also mark each transaction in return the Card to us. You agree to provide written instructions to all your account record (but not while at a terminal). You should review your Cardholders about the importance of protecting the Card and code.You agree to periodic statement for accuracy and compare your account record against your examine your receipts and periodic statements in a timely manner.You agree periodic statement to reconcile balances. that the dollar/frequency limits assigned to each Cardholder will also act as a Periodic Statements.You will get a monthly account statement from us for security procedure. Termination and Amendments. your checking account that will also include a record of transactions made using • We may terminate this Agreement by written notice to you. your Card. • You may terminate this Agreement by calling or writing. Periodic Statements.You will get a monthly account statement from us for We may make amendments to this Agreement in the same method as provided your savings account that will also include a record of transactions made using in the terms and conditions provided in your account agreement. Use of your your Card,unless there are no transfers in a particular month.In any case,you Card after receipt of notice of an amendment constitutes your acceptance of the will get a statement at least quarterly. change. LIMITATIONS ON OUR LIABILITY Notices.Any notices mailed to you under this Agreement will be mailed to the We will not be liable if: address we have for you in our records.You will keep us notified of your current • You do not have enough money in your account to make the transfer. mailing address. • you have an overdraft line and the transfer would cause you to exceed Overdraft Protection. If your account has an overdraft protection feature, your credit limit. • unless otherwise agreed in writing, Card transactions that would otherwise an ATM does not have sufficient cash. • overdraw your account will be covered by the overdraft protection feature.Your a terminal or system is not working properly. overdraft protection feature will be documented on a separate agreement.You • circumstances beyond our control (such as fire or flood) prevent the should become familiar with that document as some of the terms,such as your transfer. • liability for unauthorized transfers initiated with your Card, may vary from the a merchant refuses to accept your Card. terms of this Agreement. • an ATM rejects your Card. TYPES OF TRANSACTIONS There may be other limitations on our liability. Below are the types of transactions your Card will accommodate. UNAUTHORIZED TRANSFERS ATM Transfers. You may access your account by ATM using your Card and Additional Risk Associated with Use of Business Debit Cards.You will code to: not have the benefit of any consumer law limiting liability with respect to the • make deposits to your checking account. unauthorized use of your Card.This means your liability for the unauthorized • make deposits to your savings account. use of your Card could be greater than the liability in a consumer debit card • get cash withdrawals from your checking or savings account. transaction.You accept and agree to undertake the additional risk and greater you may withdraw no more than$800.00 per calendar day. measure of liability associated with the use of business debit cards as described • transfer funds between your savings and checking account(s). in this Agreement. • get information about: Your Liability for Unauthorized Transfers. You are liable for Card the account balance of your checking account. transactions you do not authorize if we can prove that we processed the the account balance of your savings account. transaction in good faith and in compliance with a commercially reasonable Some of these services may not be available at all terminals. security procedure to which we both agreed,unless otherwise required by law. Tell us AT ONCE if you believe your Card and/or code has been lost or stolen. Point-of-Sale Transactions.You may access your checking account with your Card to purchase goods, pay for services, get cash from a merchant, if the Telephoning is the best way of keeping your possible losses down.You could merchant permits,or from a participating financial institution,and do anything lose all the money in your account(plus your maximum overdraft line of credit). that a participating merchant will accept. If your Card and/or code is lost,stolen, or used without your permission,you Using your Card and/or code: agree to notify us immediately and to promptly confirm such notice in writing. • you may make no more than 25 transactions per calendar day. Your liability for transactions with your Card and/or code will continue until 2 • you may not exceed$2,000.00 in transactions per calendar day. business days after the day we receive such written notice.If you do not notify International Transaction Fee.If you effect a transaction with your Card in a us within one year from when the periodic statement containing an currency other than US Dollars,Mastercard®will convert the charge into a US unauthorized transaction was first mailed or made available to you,we will be Dollar amount.The Mastercard currency conversion procedure includes use of entitled to treat the information in the periodic statement as correct,and you will either a government-mandated exchange rate, or a wholesale exchange rate be precluded from asserting otherwise. selected by Mastercard.The exchange rate Mastercard uses will be a rate in Additional Limits on Liability.You will not be liable for any unauthorized effect on the day the transaction is-processed.This rate may differ from the rate transactions using your Card if:(i)you can demonstrate that you have exercised in effect on the date of purchase or the date the transaction was posted to your reasonable care in safeguarding your card from the risk of loss or theft,and(ii) account. upon becoming aware of a loss or theft,you promptly report the loss or theft to As a result, we charge you an International Transaction Fee of 3%. The us.Mastercard is a registered trademark,and the circles design is a trademark of International Transaction fee is charged on all cross-border transactions Mastercard International Incorporated. ©2019 Wolters Kluwer Financial Services,Inc.All rights reserved. AIB-B 8/1/2019 3q Custom TCM-27Bt,7z,5,4n 201583605-010 EMOAIB36 Page 6 of 9 • Contact in Event of Unauthorized Transfer.If you believe your Card and/or Safeguard exceptions. In addition,funds you deposit by check may be code has been lost or stolen or that someone has transferred or may transfer delayed for a longer period under the following circumstances: money from your account without your permission, call or write us at the We believe a check you deposit will not be paid. telephone number or address listed in this disclosure. You deposit checks totaling more than$5,525 on any one day. Consequential Damages. We will not be liable for any consequential or You redeposit a check that has been returned unpaid. incidental damages resulting from the unauthorized use of your Card. You have overdrawn your account repeatedly in the last six months. ERROR RESOLUTION There is an emergency, such as failure of computer or communications You agree to examine your receipts and periodic statements using ordinary care • equipment. and to report any errors or problems to us within a reasonable time.You agree We will notify you if we delay your ability to withdraw funds for any of these that the time to examine your statement and report to us will depend on the reasons, and we will tell you when the funds will be available. They will circumstances,but will not,in any circumstance,exceed a total of one year from generally be available no later than the seventh business day after the day of when the statement containing the error or problem was first mailed or made your deposit. available to you.If you do not report within one year,we will be entitled to treat SPECIAL RULES FOR NEW ACCOUNTS such information as correct and you will be precluded from asserting otherwise. If you are a new customer,the following special rules will apply during the You further agree that if you fail to report to us within 14 days from when the first 30 days your account is open. statement was first mailed or made available to you that we will not be required Funds from electronic direct deposits to your account will be available on the to pay interest on any refund to which you may be entitled.We will only recredit day we receive the deposit.Funds from deposits of cash,wire transfers,and the your account for errors or problems as required by law. first$5,525 of a day's total deposits of cashier's,certified,teller's,traveler's,and Call or write us immediately with errors or questions about your electronic federal,state and local government checks will be available on the first business transfers at the telephone number or address listed in this disclosure.If you tell day after the day of your deposit if the deposit meets certain conditions. For us orally, we may require your complaint or question in writing within 14 example,the checks must be payable to you(and you may have to use a special business days. deposit slip).The excess over$5,525 will be available on the ninth business day If you provide us with timely notice of an error or problem in your periodic after the day of your deposit.If your deposit of these checks(other than a U.S. statement,we will investigate the matter and notify you of the results within a Treasury check)is not made in person to one of our employees,the first$5,525 reasonable amount of time. The exact time will depend on the specific will not be available until the second business day after the day of your deposit. circumstances of the error or problem. Funds from all other check deposits will be available on the tenth business You may ask for copies of the documents that we used in our investigation. day after the day of your deposit. BANKCARD CENTER P.O.BOX 779 JEFFERSON CITY,MISSOURI 65102 OVERDRAFT ACCESS POLICY Business Days:Monday through Friday It is the policy of all Central Bancompany Affiliates(hereafter known as Bank)to Excluding Federal Holidays comply with all applicable laws and regulations and to conduct business in Phone:866-998-4617 accordance with applicable safety and soundness standards. or Your Understanding Your Deposit Account brochure describes the duties, Contact your local branch office obligations and rights of the Depositor,the Authorized Signatories and the Bank with regard to your deposit accounts. Your Understanding Your Deposit Account brochure is incorporated herein for all purposes as if it were set forth YOUR ABILITY TO WITHDRAW FUNDS verbatim,and its terms shall control any possible conflict,if any,between any This policy statement applies to "transaction" accounts,but not to savings provision of the Overdraft Access Policy and that of the Understanding Your deposits. Transaction accounts, in general, are accounts which permit an Deposit Account brochure. unlimited number of payments to third persons and an unlimited number of The Bank is not obligated to pay any item presented for payment if your account telephone and preauthorized transfers to other accounts of yours with us. does not contain sufficient collected(available)funds.Any discretionary service Checking accounts are the most common transaction accounts.Savings accounts payment by the Bank of any non-sufficient fund check,in-person withdrawal, and money market deposit accounts are examples of savings deposits.Feel free ATM withdrawal,or other electronic item does not obligate the Bank to pay any to ask us whether any of your other accounts might also be under this policy. additional non-sufficient fund check,in-person withdrawal,ATM withdrawal,or Our policy is to make funds from your cash and check deposits available to other electronic item or to provide prior written notice of its decision to refuse to you on the first business day after the day we receive your deposit. Electronic pay any additional non-sufficient fund check, in-person withdrawal, ATM direct deposits will be available on the day we receive the deposit. Once the withdrawal,or other electronic item. funds are available,you can withdraw them in cash and we will use the funds to Pursuant to the Bank's commitment to always provide better customer service, pay checks that you have written. if you maintain an account that has been open for a minimum of ninety days, Please remember that even after we have made funds available to you,and the Bank will consider approving your overdrafts,whether they result from you have withdrawn the funds,you are still responsible for checks you deposit checks,in-person withdrawal,ATM withdrawal,or other electronic transactions. that are returned to us unpaid and for any other problems involving your In deciding whether or not to approve your overdrafts,the Bank may consider a deposit. number of factors,including,but not limited to,whether or not your account is For determining the availability of your deposits, every day is a business in good standing,how long your account has been open,your average deposit day, except Saturdays,Sundays,and federal holidays. If you make a deposit balances held with the Bank,and/or whether or not you or your account is before closing on a business day that we are open,we will consider that day to subject to any legal or administrative order or levy.Then the Bank will consider, be the day of your deposit.However,if you make a deposit after closing or on a as a discretionary courtesy and not a right or obligation, approving your day we are not open,we will consider that the deposit was made on the next reasonable overdrafts.Overdraft Access is neither an overdraft line of credit nor business day we are open. an overdraft protection agreement. If you make a deposit at an ATM before 2:00 P.M.on a business day that we Each month your Overdraft Access amount will appear on your deposit account are open,we will consider that day to be the day of your deposit. However,if statement.Any and all bank fees and charges,including without limitation,the you make a deposit at an ATM after 2:00 P.M.or on a day we are not open,we non-sufficient fund/overdraft fees, will be added to your Overdraft Access will consider that the deposit was made on the next business day we are open. balance, regardless of whether such charges and fees result in a balance If we cash a check for you that is drawn on another bank,we may withhold exceeding your Overdraft Access limit. the availability of a corresponding amount of funds that are already in your The total Overdraft Access (negative) balance,including any and all bank fees account.Those funds will be available at the time funds from the check we and charges, is due and payable upon demand,and the Depositor and each cashed would have been available if you had deposited it. Authorized Signatory will continue to be liable for such amounts,as described in If we accept for deposit a check that is drawn on another bank,we may make the Understanding Your Deposit Account brochure. funds from the deposit available for withdrawal immediately but delay your Again,approval of reasonable overdrafts through Overdraft Access on business availability to withdraw a corresponding amount of funds that you have on accounts in good standing (as described above) is only a courtesy,and not a deposit in another account with us.The funds in the other account would then right or obligation.Accordingly,the listing of an Overdraft Access amount on not be available for withdrawal until the time periods that are described your account statement is not a guarantee or agreement that your overdrafts elsewhere in this disclosure for the type of check that you deposited. will be paid. It is within the Bank's sole and absolute discretion to cease this LONGER DELAYS MAY APPLY service at any time without prior written notice,reason or cause. Case-by-case delays.In some cases,we will not make all of the funds that If you present a check, in-person withdrawal, ATM withdrawal, or other you deposit by check available to you on the first business day after the day of electronic transaction for payment and we create an overdraft,pursuant to your deposit.Depending on the type of check that you deposit,funds may not provisions in the Understanding Your Deposit Account brochure,you agree to be available until the second business day after the day of your deposit.The first pay us the amount of any overdraft and applicable fees as published, $225 of your deposits,however,will be available on the first business day. immediately,without notice or demand from us,unless you otherwise specify If we are not going to make all of the funds from your deposit available on you wish all NSFs returned. Each account holder is jointly and severally the first business day,we will notify you at the time you make your deposit.We responsible under the terms outlined in Understanding Your Deposit Account will also tell you when the funds will be available.If your deposit is not made brochure for paying any overdraft amounts. For current Overdraft/NSF fees, directly to one of our employees,or if we decide to take this action after you please see the Common Fees document. have left the premises,we will mail you the notice by the day after we receive You have the right to "Opt-Out" of Overdraft Access. Contact any Customer your deposit. Service Representative to request removal of Overdraft Access from your If you will need the funds from a deposit right away,you should ask us when account. the funds will be available. ©2019 Wolters Kluwer Financial Services,Inc.All rights reserved. AIB-B 8/1/2019 3q Custom TCM-27Bt,7z,5,4n 201583605-010 EMOAI836 Page 7 of 9 SPECIFIC ACCOUNT DETAILS NOT FOR PROFIT BUSINESS CHECKING ACCOUNT SMALL BUSINESS CHECKING ACCOUNT Minimum balance to open the account - You must deposit$2,500.00 to Minimum balance to open the account-You must deposit$50.00 to open open this account. this account. Fees:There is no monthly maintenance fee with this account. Fees: A return deposit item fee of$ 7.00 will be charged for each return • There is no monthly maintenance fee with this account. item/check deposited. Transaction limitations-You may conduct 100 transactions per statement Rate Information-Interest rates are subject to change.At our discretion,we cycle at no charge with this account.A transaction is defined as any debit,credit, may change the interest rate on your account at any time.Interest accrues daily telephone transfer,or deposited item. and is credited every monthly statement cycle.We use the daily balance method to calculate the interest on your account.This method applies a daily periodic A service charge of$ 0.35 per transaction in excess of 100 per rate to the net collected principal in the account each day. Interest begins to statement cycle will be charged to your account. accrue no later than the business day we receive credit for the deposit of Statement type -eStatements are provided at no charge. Paper Statements noncash items(for example,checks). and images are available for a fee. Effect of closing an account-If you close your account before interest is Overdraft Access-Available after account is open 30 days. credited,you will not receive the accrued interest. A Negative Funds Usage Fee will be assessed if the collected balance in your Transaction limitations - You may conduct 200 transactions per statement account falls below zero. cycle at no charge with this account.A Transaction is defined as any debit, BUSINESS CHECKING PLUS ACCOUNT credit,telephone transfer,or deposited item. Minimum balance to open the account-You must deposit$50.00 to open A service charge of S 0,25 per transaction in excess of 200 per statement this account. Fees: cycle will be charged to your account. • There is a monthly maintenance fee of$ 8.00 • Account Eligibility - This account is available only to Non-Profit • The maintenance fee is waived if balance does not go below an Average Organizations. Collected Balance of$10,000 for the monthly cycle. Statement Type-E-statements,Imaged,or truncated statements available. . BUSINESS INTEREST CHECKING ACCOUNT Transaction limitations-You may conduct 250 transactions per statement Minimum balance to open the account-You must deposit$1,000.00 to cycle at no charge with this account.A transaction is defined as any debit,credit, open this account. telephone transfer,or deposited item. Minimum balance to earn interest- You must maintain a daily minimum A service charge of$ 0.50 per transaction in excess of 250 per balance of$1,000.00;otherwise no interest is paid. statement cycle will be charged to your account. Rate information-interest rates are subject to change.At our discretion,we Statement type -eStatements are provided at no charge. Paper Statements may change the Interest rate on your account at any time.Interest accrues daily and images are available for a fee. and is credited every monthly statement cycle.We use the daily balance method Overdraft Access-Available after account is open 30 days. to calculate Interest on your account.This method applies a daily periodic rate A Negative Funds Usage Fee will be assessed if the collected balance in your to the net collected principal in the account each day.Interest begins to accrue account falls below zero. no later than the business day we receive credit for the deposit of noncash items COMMERCIAL-SEASONAL ACCOUNT (for example,checks). Minimum balance to open the account-You must deposit$50.00 to open Effect of closing an account - If the account closes before interest is this account. credited,the accrued interest will not be received. Fees: Fees: • On statement cycles with 200 or fewer combined debits,credits, A maintenance fee of$ 10.00 will be charged each month. deposited items,ACH and/or electronic items processed: A debit fee of$ 0,20 will be charged for each debit transaction o A maintenance fee of$ 5.50 will be charged each month. (withdrawal,check paid,automatic transfer or payment out of this account). (This fee will be waived if your average daily balance is over$ 1.00 ) A deposit fee of$ 0.20 will be charged for each deposit or other credit. • On statement cycles with more than 200 combined debits,credits, A deposit Item fee of$ 0.15 will be charged for each item/check deposited items, ACH and/or electronic items processed OR account deposited. average daily balance falls below zero: Account Eligibility-This account is available only to sole proprietors and o A maintenance fee of$ 15.00 will be charged each month. non-profit organizations. BUSINESS MONEY MARKET ACCOUNT o A debit fee of$ 0.20 will be charged for each debit transaction Minimum balance to open the account-You must deposit$1,000.00 to (withdrawal, check paid, automatic transfer or payment out of this open this account. account). Minimum balance to avoid imposition of fees - If the daily minimum o A credit fee of$ 0.20 will be charge for each credit transaction balance falls below$1,000.00,a$ 5.00 fee will be assessed that cycle. (deposit, ACH credit, automatic transfer, payment made into this Rate Information-interest rates are subject to change.At our discretion,we account) may change the interest rate on your account at any time.Interest accrues daily o A deposit item fee of$ 0,15 will be charged for each item/check and is credited every monthly statement cycle.We use the daily balance method deposited to calculate the interest on your account This method applies a daily periodic o A Negative Funds Usage Fee will be assessed if the collected balance in rate to the net collected principal in the account each day. Interest begins to your account falls below zero. accrue no later than the business day we receive credit for the deposit of AND noncash items(for example checks). o Account will be eligible for Earnings Credit Effect of closing an account - If the account closes before interest is Statement type -eStatements are provided at no charge. Paper Statements credited,the accrued interest will not be received. and images are available for a fee. Transaction limitations -A maximum of six preauthorized transactions or Overdraft Access-Available after account is open 30 days. check, draft, or similar orders to a third party are allowed per month. A Negative Funds Usage Fee will be assessed if the collected balance in your Preauthorized transactions Include ACH debits,automatic transfers,telephone account falls below zero. transfers,and PC banking transactions. If you continue to violate these limits COMMERCIAL CHECKING ACCOUNT after we have contacted you,we will either close your account and place the Minimum balance to open the account-You must deposit$50.00 to open funds in another type of account that you are eligible to hold,or we will take this account. away the draft and transfer capacities of this account. Fees: Fees: • A maintenance fee of$ 15.00, will be charged each month. An excessive debit fee of$ 2.00 will be charged for each check,draft or transfer in excess of the above limitations during a statement cycle. • A debit fee of$ 0.20 will be charged for each debit transaction A maximum of 30 combined credits and deposit items per statement cycle are (withdrawal, check paid, automatic transfer or payment out of this allowed with this account.A maintenance fee of$ 0.25 will be charged account). for each credit and deposit item in excess of 30 per statement cycle. • A credit fee of$ 0.20 will be charge for each credit transaction BUSINESS SAVINGS ACCOUNT (deposit,ACH credit,automatic transfer,payment made into this account) Minimum balance to open the account-You must deposit$100.00 to open • A deposit item fee of$ 0.15 will be charged for each item/check this account. deposited Minimum balance to avoid the imposition of fees-If your balance drops Statement type -eStatements are provided at no charge. Paper statements below a minimum of $50.00 any day of the statement cycle, a and images are available for a fee. $2.00 maintenance fee will be assessed per statement cycle. Overdraft Access-Available after account is open 30 days. Rate Information-Interest rates are subject to change.At our discretion,we This account is eligible for Earnings Credit. may change the interest rate on your account at any time.We use the daily A Negative Funds Usage Fee will be assessed if the collected balance in your balance method to calculate interest on your account.This method applies a account falls below zero. daily periodic rate to the net collected principal in the account each day.Interest begins to accrue no later than the business day we receive credit for the deposit of noncash Items(for example,checks). ©2019 Wolters Kluwer Financial Services,Inc.All rights reserved. AIB-B 8/1/2019 3q Custom TCM-27Bt,7z,5,4n 201583605-010 EMOAIB36 Page 8 of 9 Compounding and crediting frequency - If your account is tied to any • The earnings credit is calculated on the Average Available Balance electronic transactions or devices,interest will be compounded and credited to maintained in your account each month.(The Average Available Balance your account every monthly statement cycle.If your account is not tied to any is the Average Collected Balance reduced by the Reserve Requirement). electronic transactions or devices,interest will be compounded and credited to This balance is then multiplied by an Earnings Credit Allowance rate, your account quarterly. divided by the number of days in the calendar year,then multiplied by the Effect of closing an account-If you close your account before interest is number of days in the calendar month.At our discretion,the Earnings credited,you will not receive the accrued Interest. Credit Allowance rate and Reserve Requirement may change at any time. Fees: The earnings credit begins to accrue no later than the business day we If your account is tied to any electronic transactions or devices,you are allowed receive credit for the deposit of noncash Items(for example,checks). six debits per month at no charge.An excess debit fee of$ 1.00 will be Interest charged for each debit transaction in excess of six during a month. If your account features Interest: If your account is not tied to any electronic transactions or devices,you are • Interest rates and annual percentage yields are subject to change,at our allowed 18 debits per quarterly statement cycle at no charge.An excess debit discretion,on your account at any time. • Interest begins to accrue no later than the business day we receive credit fee of$ 1.00 will be charged for each debit transaction in excess of 18 for the deposit of noncash items(for example,checks). during a quarterly statement cycle. • We will calculate interest on your account using the daily balance method. • Interest will be credited to your account every monthly statement cycle. COMMON FEATURES Negative Funds Usage Fee: Please refer to our separate fee schedule for additional information about Your account may be assessed a Negative Funds Usage Fee.This fee will be charges.. assessed monthly whenever the collected balance in your account falls below Definitions-Dormant,Lost Contact and Inactive Accounts zero. The fee is calculated on the Negative Collected Balance. (Negative Contact us if you do not receive your regular statement.You must keep us Collected Balance is determined by totaling the balances in the account for each notified of your current address.Additional fees may be applied to your account day of the month in which the account was negative,divided by the days in the if we lose contact with you. month).This balance is then multiplied by the Negative Funds Usage Rate, Dormant Fee $ 15.00 divided by the number of days in the calendar year),then multiplied by the A Checking Account is considered Dormant if we have Lost Contact with you number of days in the calendar month.At our discretion,the Negative Funds and there have been no deposits or withdrawals to your account for three Usage Rate may change at any time. months or more. A Savings Account is considered Dormant if we have Lost Contact with you, YOUR ACCOUNT your account receives a monthly bank statement and there have been no These are the accounts you have opened or inquired about. Further deposits or withdrawals for three months or more. details about these accounts are inside this disclosure. A Savings Account is considered Dormant if we have Lost Contact with you, SMALL BUSINESS CHECKING ACCOUNT your account receives a bank statement quarterly, and there have been no deposits or withdrawals by you for a period of 13 months or more. ❑BUSINESS CHECKING PLUS ACCOUNT Checking and Savings Accounts with balances of$15 or less,are subject to a fee ❑COMMERCIAL-SEASONAL ACCOUNT equal to the balance if they are considered Inactive or Lost Contact.A Checking Account is considered Inactive if there have been no deposits or withdrawals ❑COMMERCIAL CHECKING ACCOUNT after 12 months or more. ❑NOT FOR PROFIT BUSINESS CHECKING ACCOUNT A Savings Account is considered Inactive if there have been no deposits or withdrawals after 24 months or more. ❑BUSINESS INTEREST CHECKING ACCOUNT A Checking or Savings Account is considered Lost Contact if the bank can no ❑BUSINESS MONEY MARKET ACCOUNT longer reach you by mail. Earnings Credit ❑BUSINESS SAVINGS ACCOUNT An Earnings Credit may be applied to your account to reduce or eliminate fees. If your account features an earnings credit: • If the earnings credit exceeds the fees for any period,you will not be assessed any fees, but you will not receive credit (be paid), or carry forward any excess earnings credit. Central Bank of the Midwest Strong roots. Endless possibilities 609 N. 291 Highway Lee's Summit, MO 64086 centralbank.net • 816-525-5300 MEMBER FDIC Fee Rev. 12/18/20 Rev.10/2020 ©2019 Walters Kluwer Financial Services,Inc.All rights reserved. AIB-B 8/1/2019 3q Custom TCM-27Bt,7z,5,4n 201583605-010 EMOAIB36 Page 9 of 9 Common Fees/Fee Schedule-Business Central Bank of the Midwest Common Fees Reclear $ 0.00 Check printing (fee depends on style and quantity of checks ordered) Returned Check Charge (NSF) $ 35.00 Account activity/Instant Statement $2.00 Returned Deposited Items $ 7.00 Account Closed within 90 days of opening ..........$25.00 Safe Deposit Box(See branch for pricing and availability) Account Reconciliation/Report $2.00 Safe Deposit Box-Lost Key $ 20.00 Account research/balancing (per hour/1 hour minimum).$20.00 Special Statement $2.00 Account Transfer (manual or telephone request) $3.00 ) Signature Verification $ N/A ATM Fees (outside Central Bancompany network) $3.00 Stop Payment Fee $35.00 Audit Confirmation $ N/A Telephone Transfer Fee $3.00 Bank Deposit Bag (with lock) $ 15.00 Zero Balance Account (ZBA) Fee Bank Deposit Bag (without lock) $5.00 1 Parent $125.00 Cashiers Check $ 7.00 1 Child $ 10.00 Check Image on CD $ N/A Coin Counting ${10% Overdraft Fee Overdrafts created by check, in-person withdrawal,ATM withdrawal, Coin Rolls (each) $10.15 1debit card,pre-authorized debits,or other electronic means)*..$ 35.00 Counter Checks (each) $10.25 Currency (per strap) $ 0.50 Wire Transfer Deposit/Audit verification $ N/A Archive Transaction Search $2.50 Deposit Confirmation $ N/A Foreign Wire Transfer in Foreign Currency Deposition/Court Appearance (plus currency cost) $75.00 (per hour/1 hour minimum) $20.00 Incoming Domestic $1.1Q,Q0 I Deposited Items (per item) $10.15 I Incoming Foreign $ 10.00 Deposited Items returned (per item) $ 7.00 Outgoing Domestic $125.00 1 Dormant Fee (per statement cycle) $ 15.00 Outgoing Foreign $175.00 J Dual signature verification $IN/A ) Tax Payment Wire (TT&L) $30.00 Foreign Items Deposited $ 15.00 Reversal Request $ 5.00 (plus any applicable foreign bank fees) $VARIES Wire Service Message - $ 5.00 Foreign Items Returned $7.00 Collection of draft or check (plus any applicable foreign bank fees) $LVARIES I Domestic (collected in advance) Funds Assessment and Regulatory Fee Under $500 $Worn (subject to change) %0.082 Garnishments/Levies/Attachments $ 100.00 $500 &above $ 15.00 Gift Cards International (collected in advance) Hold statement (per month) $5.00 Under $500 (plus correspondent fee) $j 15.00 I Image Statement Fee $13.00 I $500 &above (plus correspondent fee) $ 15.00 Indemnity Agreement $25.00 Foreign Currency International Draft Purchase $ 10.00 ) (conversion fees will be shown on receipt at time of purchase) IRA or HSA external transfer fee $1_5_0.00 ) Non-account Holder Fee $ 10.00 Money Orders (each) $ 5.00 Priority FedEx Shipping $ 5.00 Negative Funds Usage Fee Prime Rate + 744 1 CXI small order shipping fee (under$300 USD) $ 10.00 Night Depository Key $ 3.00 Notary Service (per signature) $2.00 Overdraft Protection Transfer $110.00 I Photocopies (per copy/page) $0.25 PIN Change $ N/A Paper Statement Fee $ 3.00 Effective Date: 1 2/1 8/2020 (Fees subject to change) BUS-Agreement CSR Name:Chris_Champ Customer: Customer ID: ICBK: How was this request verified with the customer: 0 By Phone 0 In Person N❑®❑❑M r❑❑❑❑m❑a❑I ii im❑a i i i i❑[IDd b❑❑❑a® YETI❑❑mml?a❑❑®®❑DIME Dr. Was the BusinessLink opened online? 0 Yes 0 No Electronic Business Services Agreement Updated August 2017 This Electronic Business Services Agreement is made and entered into,effective the ' day of ,20 ,by and between 14-Central Bank of the Midwest and ("Customer"). Recitals: A. Customer maintains one or more transaction accounts with Bank; B. Customer desires to electronically access one or more of its transaction accounts to initiate various cash management functions via the Internet or direct computer modern dial-up including without limitation the Bank's"BusinessLink"program("BusinessLink"); and C. Bank is willing to permit Customer to do so upon the terms and conditions hereinafter provided. NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,Bank and Customer agree as follows: 1. Electronic Business Services Booklet. Customer hereby acknowledges receipt of and agreement with the terms and conditions contained in that certain booklet entitled "Electronic Business Services Terms and Conditions Booklet" which are incorporated herein by this reference as if fully stated herein (the "Electronic Business Services Booklet"). 2. Defined Terms. Certain capitalized terms used but not defined herein shall have the meanings assigned to them in the Electronic Business Services Booklet unless the context clearly dictates a meaning to the contrary. 3. Services/Compensation. Bank shall make the Services and Software available to Customer for so long as this Electronic Business Services Agreement continues in effect upon the terms and conditions provided herein,in the Installation Information, and in the Electronic Business Services Booklet. Customer agrees to pay timely to the Bank the agreed upon fees for the Services and Software according to the service fee schedule shown on Exhibit A attached hereto and incorporated herein by this reference (the "Service Fees"). Bank reserves the right to change the Service Fees from time to time. 4. Term. This Electronic Business Services Agreement shall be terminable (a) by Customer at any time upon one(1)business day's prior written notice to Bank, (b)by Bank at any time upon thirty(30) days'prior written notice to Customer; or (c) immediately, without notice to Customer, in the event Customer fails to pay the Service Fees or any other amounts due Bank or otherwise fails to observe, perform, keep or comply with any of its representations, warranties,or agreements in this Electronic Business Services Agreement. 5. Representations and Warranties. Bank and Customer represent to the other that it is duly organized,validly existing and in good standing under the laws of the state of its organization and incorporation;is authorized to execute, deliver and perform its obligations under this Electronic Business Services Agreement pursuant to the Resolution; and any consent or authorization of any governmental authority or third party required to be obtained. Customer further represents and warrants that the Services are for business or commercial purposes only; Customer is the owner and authorized signatory on Authorized Accounts subject to the terms of this Electronic Business Services Agreement;and the authorizations for the transactions described in this Electronic Business Services Agreement have not been revoked by Customer or by any third party or by operations of law. 6. Liability. Bank will exercise ordinary care in providing the Services and will be responsible for any loss sustained by Customer only to the extent such loss is caused by Bank's recklessness, gross negligence or willful misconduct. Customer shall similarly exercise good faith and reasonable care in observing and maintaining security procedures,in initiating the Services, and in reviewing bank statements and notices for any discrepancies. Bank shall not have any liability for any indirect, incidental, consequential (including lost profits), special or punitive damages, whether or not the possibility of such damages were disclosed to or could have been reasonably foreseen by Bank. Bank's liability shall be limited to recovery of funds erroneously transferred and/or interest lost thereon arising out of Bank's error or omission in executing a funds transfer request. BANK MAKES NO WARRANTIES, EXPRESS OR IMPLIED, TO CUSTOMER IN CONNECTION WITH SERVICES PROVIDED UNDER THE ELECTRONIC BUSINESS SERVICES AGREEMENT INCLUDING, BUT NOT LIMITED TO, ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Under no circumstances shall Bank be responsible for any liability, loss or damage resulting from any delay in performance of or failure to perform in connection with any Service which is caused by circumstances beyond Bank's control. 7. Indemnity. So long as Bank exercises that degree of care described in the paragraph immediately above, Customer will reimburse and indemnify Bank for, and hold Bank harmless against, any losses, liabilities, claims, judgments, damages, expenses, or controversy of any kind arising out of or in connection with third party claims asserted against the Bank for its performance of its duties and obligations under the Electronic Business Services Agreement, as well as the cost and expense (including, but not limited to, attorney's fees) of defending against any such third party claim or liability arising out of or relating to the performance by Bank of its duties and obligations under the Electronic Business Services Agreement. 8. Other Agreements, Laws and Regulations. In addition to this Electronic Business Services Agreement and the terms and conditions found in the Electronic Business Services Booklet the Services are provided to the Customer subject to the following other agreements,laws and regulations,which are hereby incorporated into and made a part of this Agreement. (a) The terms and conditions found in any of the Addenda which have been initialed below or which are entered into by Customer subsequent to the effective date of this Electronic Business Services Agreement. Addenda(Check Applicable Addenda) D Terms and Conditions ❑} ACH Exposure Review and Approval Form(Required if doing ACH) -Additional Fees Apply ^L1 Wire Transfer Authorization Fonn -Additional Fees Apply ❑j Dual Approval Opt-Out Form ❑ Positive Pay Company Setup Form(Required if doing Positive Pay) Positive Pay User Setup Form(Required if doing Positive Pay) ❑i ACH Authorization Form ❑i eDeposit Setup Form-Additional Fees Apply ❑J Back Office Conversion Setup(Required if doing Back Office Conversion)-Additional Fees Apply (b) The most current Electronic Business Services fee schedules and other fee disclosures provided to customer,including account statements; (c) The provisions of the then current deposit account agreement and accompanying disclosures and fee schedules which govern standard deposit accounts and other depository services; (d) The Uniform Commercial Code,as enacted in the state of the bank's main office is located; (e) All federal,state and local laws and regulations applicable to Bank or Customer,including, without limitation,the regulations promulgated by the Office of Foreign Asset Control ("OFAC"). 9. Amendments. Bank may amend this Agreement upon thirty (30) days prior written notice to Customer. If Customer disagrees with any such amendment, Customer shall notify Bank in writing within thirty (30) days following the date of Bank's notice. If the parties are unable to agree on an amendment within thirty (30) days thereafter, either Bank or Customer may terminate this Agreement and Bank may terminate the Services. No amendment with which Customer disagrees in writing as provided above shall be effective unless subsequently accepted in writing by Customer. Any amendment to which Customer does not object in writing as provided above shall be conclusively and irrevocably deemed to be accepted by Customer on the thirtieth (30th) day following the date of Bank's written notice of such amendment to Customer. IN WITNESS WHEREOF,Bank and Customer have entered into this Electronic Business Services Agreement as of the day and year first above written. Customer Signature: If two signatures are required: By: By: (Signature) (Signature) (Job Title) (Job Title) (Date) (Date) Bank Signature: By: (Signature) (Job Title) (Date) Resolution of Authorization I, ,certify that I am the of the above-referenced entity which is organized under the laws of the State of ,Federal Employer Identification Number ,engage in business under the trade name of (the"Company"),and that the resolution on this document is a correct copy of the resolution adopted by the governing authority of the above-referenced entity on and has not been rescinded or modified. WHEREAS,the Company desires to obtain a variety of services from the 14-Central Bank of the Midwest as described by the certain Electronic Business Services Agreement of even date herewith,and it is necessary or desirable that the Electronic Business Services Agreement be authorized by the Company,and the Company desires to give such approval; NOW,THEREFORE,BE IT RESOLVED,that the person(s)listed below(the"Authorized Persons"),or any one of them, shall enter into and execute and deliver the Electronic Business Services Agreement and such applications, instruments,documents,agreements,financial statements,and other writings and any amendments or modifications of any of the same,as in the opinion of the Authorized Persons may be necessary or desirable to consummate the Electronic Business Services Agreement;and Name Job Title Signature FURTHER RESOLVED, that the Authorized Persons, individually or jointly,are hereby authorized and directed to execute, acknowledge and deliver on behalf of the above-referenced entity, as the Authorized Persons may deem necessary or desirable, any and all documents and other writings to consummate the Electronic Business Services Agreement together with any modifications of the same,and to perform the transactions. This Authorization may be executed in two or more counterparts and by the different parties hereto on separate counterparts,each of which shall be deemed an original,but all such counterparts shall together constitute but one and the same Authorization. IN EXECUTING THE ELECTRONIC BUSINESS SERVICES AGREEMENT, THE PERSONS NAMED ABOVE WILL AUTHORIZE AN ADMINISTRATOR AS SET FORTH IN THE ADDENDA TO DESIGNATE USERS TO ACCESS ACCOUNTS FROM TIME TO TIME. IN WITNESS WHEREOF, I hereunto subscribed my name on the day of 20 Name: By: Customer Authorized Signor(le. Secretary, Owner) Job Title: Electronic Business Services Agreement BUSlnessLinlc Addenda Business Online Services Access Customer Setup and Fee Schedule Customer Information Bank Number/Name: 14-Central Bank of the Midwest Customer Name: Customer Address: City: State: Zip: Tax ID: Phone Number: Fax Number: Online Services ❑ Bill Pay ❑ Transfers Maximum Daily Transfer Amount$ ❑ Direct Connect ❑ Business Mobile Check Deposit(Limits assigned by account) ❑,ACH ❑ Wires Administrator Information Administrator's Name: Administrator's Phone: Administrator's Email: User ID(minimum 8 characters;no spaces) Temporary Password(8 to 10 alphanumeric characters-no special characters) ***PLEASE NOTE*** Only symbol allowed in User ID is the dash"-" Quicken/Quickbooks/Money users can only use 6-20 alphanumeric characters;no spaces Two-Factor Authentication ❑ Secret Word ❑ Security Token Account Information Account Number Bank Select Bank... Account Nickname: Type of Account: Services for this Account: O Checking ❑� View Account Balance O Savings O Certificate of Deposit O Installment Loan O Mortgage Loan O Overdraft Banking 0 Home Equity Loan ATM/Debit Card (Travel Notifications) Account Information User ID Bank Select Bank... Masked Card Number Pseudo Number Credit Card Account Information User Name User ID Bank Select Bank... Masked Card Number Pseudo Number Bankcard approval required when User receiving online account access is other than the cardholder By: (Signature) (Job Title) (Date) Home Equity Loan Information Home Equity Loan Information Advances Electronic Bank Loan Number Loan Nickname (customer wishes Notices to do advances) Select Bank... ❑ ❑ **The Customer will only be able to access Line of Credit for Advances through BusinessLink upon approval of Customer's loan officer. Loan Officer Signature Loan Officer Number Attach Home Equi4)'Loan display screenfrom'anking.Sj'stem on each loan. Commercial Loan Information Commercial Loan Information Payments Advances Electron Bank Note Number Loan Nickname (customer (customer c Notices wishes to make wishes to do payments) advances) Select Bank... 0 **The Customer will only be able to access Line of Credit for Advances through BusinessLink upon approval of Customer's loan officer. Loan Officer Signature Loan Officer Number Fee Schedule Exhibit A Customer Name: Description Fee Amount Fee Method SC Indicator BusinessLink Corporate Setup Fee(includes one Digipass Token) $100.00 No Charge 143 BusinessLink Corporate Monthly Maintenance Fee $30.00 Explicit Charge 144 BusinessLink Account Transfer Fee(per transaction) No Charge n/a n/a BusinessLink Stop Payment Fee(per transaction) $15.00 Explicit Charge 158 BusinessLink Stop Payment Release Fee(per transaction) No Charge n/a n/a BusinessLink Bill Pay Fee(monthly) $6.95 Explicit Charge 183 BusinessLink No.of Bill Pays included in monthly fee 20 n/a n/a BusinessLink Bill Pay Fee if exceed limit(per transaction) $0.55 Explicit Charge 182 BusinessLink Mobile Check Deposit Fee: N/A BusinessLink Mobile Check Deposit Fee if exceed limit(per transac... N/A Explicit Charge 197 BusinessLink Direct Connect Monthly Fee for $9.95 Explicit Charge 181 Quicken IE, QuickBooks II- BusinessLink ACH File Fee(per file originated) $3.00 Explicit Charge 124 BusinessLink Domestic ACH Transfer Fee(per transaction originated) $0.15 Explicit Charge 146 BusinessLink Same Day ACH Transaction Premium Fee(per $0.50 Explicit Charge 164 transaction originated) BusinessLink International ACH Transaction Fee(per $5.00 Explicit Charge AA transaction originated) BusinessLink ACH per Return Transaction Fee $5.00 Explicit Charge 159 BusinessLink ACH per Unauthorized Return Transaction Fee $7.50 Explicit Charge 165 BusinessLink Domestic Wire Transfer Fee(per transaction originated) $12.00 Explicit Charge 155 BusinessLink Int'l Wire Transfer Fee(per transaction originated) $45.00 Explicit Charge 189 Two-Factor One Token Included Fee Amount Select One 161 Authentication: #of Additional Tokens Charge Account Effective Date Employee Name: Operator ID: Bank Code: Select One Branch Number: - Phone Eat: BusinessLink Specialist: Operator ID: Branch Number: Date: Phone Eat: Comments: Fees indicated on the Fee Schedule will be implemented upon the customer contacting the bank to enable that service-with exception to the stop payment feature Scan to Remote Scan - BusinessLink Documents 99EBSATermsandConditions -New Form Page 1 of 24 Updated November 2017 ELECTRONIC BUSINESS SERVICES TERMS AND CONDITIONS TABLE OF CONTENTS Terms Applicable to All Services 1 Stop Payment Orders 8 Funds Transfers 8 Bill Payment 8 Positive Pay 9 Wire Transfer 10 Automated Clearing House(ACH)Transfers 11 Remote Check Capture 15 Mobile Banking 23 ELECTRONIC BUSINESS SERVICES TERMS AND CONDITIONS The Electronic Business Services Terms and Conditions sets out the terms on which the Bank may provide Services to the Customer. The Customer may be required to enter into other agreements, or register, in order to use or activate any Services. TERMS APPLICABLE TO ALL SERVICES The following terms apply to all Services. 1. Definitions. The following definitions will apply to the Electronic Business Services Agreement. If similar terms are defined in a Supplemental Agreement, the following definitions will take priority. Additional definitions may be provided in the terms and conditions applicable to specific Services. "Account"means any deposit account in which funds of the Customer are deposited at the Bank. "ACH" means automated clearing house and refers to electronic transfers of funds through the clearing house system. "Administrator" means a representative of the Customer who is authorized to manage access to the Services as more fully defined herein. "Authorized Person" means any person who the Customer has authorized to utilize a Service on behalf of the Customer or who has apparent authority to represent the Customer. 3/31/2021 99EBSATermsandConditions-New Form Page 2 of 24 "Available Funds"means funds on deposit with the Bank that are available for withdrawal as defined in Federal Reserve Regulation CC and the Bank's fund's availability policy, and that are not encumbered or subject to any other restrictions. "Bank" means any bank that is a subsidiary of Central Bancompany, Inc. and its successors and assigns at which Customer maintain an Account or obtains any products or services. "Banking Day" or"Business Day"means each Day that the lobbies of the Bank are open for business except Saturdays. If a Service is provided through a third party, any Day that the third party is not conducting the Service will not be a Banking Day. "Collected Funds"means deposits resulting from a check or other item drawn on another bank,which check or other item has been presented for payment to the other bank and has been finally paid and collected. "Communication Device" means the Internet, computer, scanner, telephone, mobile telephone, tablets, wireless communications device, or other device or system used to capture or transmit data or other communications. "Customer" means any owner of any Account or any user of any Service. If there is more than one owner or user, any one of them may act alone and bind all of them, and notice to any one of them is considered to be notice to all. "Cut Off Time" means the deadline for providing certain notices as set out in the "Cut Off Time" section herein. "Days"means consecutive calendar days when not used in the context of"Banking Days". "Electronic Business Services Agreement" means the Terms Applicable to All Services in the Electronic Business Services Terms and Conditions and all Supplemental Agreements as published by the Bank from time to time. "FRB"means the Federal Reserve Bank. "Initiate" " means creating a an instruction for a transaction but not sending the Wire Transfer instruction to the Bank. "Security Device" means security codes, passwords, systems or other security devices permitted or required to be used to utilize any Service. "Service" means any product or services that the Customer may obtain from the Bank and any disclosure of information with respect to any product or service. "Supplemental Agreement" means any agreement between the Bank and Customer, or any description of terms and conditions of use,relating to a particular Service. "Transmit"means sending an instruction to the Bank to complete a transaction. 3/31/2021 99EBSATermsandConditions -New Form Page 3 of 24 2. Communications and Notices: (a) Except as provide in subparagraph (b)below, all notices that the Customer is required or permitted to send to a Bank shall be sent to the Bank providing the Service at the address, telephone number or e-mail address for such Bank as disclosed at the www.centralbancompany.com website using the "Our Family" quick link, "Contact Us" link. The method of providing the notice shall be in accordance with the requirements of this Electronic Business Services Agreement or any Supplemental Agreement. (b) All notices regarding claims against the Bank shall be sent to Central Bancompany, Inc., 238 Madison Street, Jefferson City, MO 65101, ATTN: General Counsel by certified mail or by a nationally recognized courier service. (c) The Bank may send all notices and disclosures to the Customer to the last known mail or e-mail address of the Customer on the records of the Bank or by electronic notice to the extent permitted by applicable laws or regulations, each of which will be considered written notice. If there is more than one Customer, then the Bank will be required to give notice to only one Customer. It is the responsibility of the Customer to give the Bank written notice of the change of any of Customer's addresses. 3. Applicable Laws and Regulations; Amendments of Agreement: The Electronic Business Services Agreement and all Services provided thereunder shall be subject to any existing or future laws and government regulation, and the rules and fee schedules of the Bank. If there is any conflict between the Electronic Business Services Agreement and applicable law or regulation, the Electronic Business Services Agreement will be considered changed to the extent necessary to comply with the law unless the law or regulation permits waiver or modification of the terms of the law or regulation by an agreement of the Customer in which event the Customer is deemed to have consented to such waiver or modification. If there is any inconsistency between the rules of the Bank, the Terms Applicable to All Services or a Supplemental Agreement, the Terms Applicable to All Services will prevail over any Supplemental Agreement or the Bank Rules, and any Supplemental Agreement shall prevail over any Bank rule. Unless otherwise required by law, the Bank may adopt and amend regulations, rules and fees for Services by posting such regulations, rules, amendments or fees in the lobby of the Bank for a period of 30 Days or by sending notice of such regulations, rules, amendments or fees to the Customer no less than 30 Days before the effective date of such change. The Bank may amend any part of the Terms Applicable to All Services any Supplemental Agreement or terms of any Service by giving at least 30 Days prior written notice to Customer, and the use of the applicable Service by the Customer after such 30 Day period will be deemed to be acceptance of such amendment by the Customer. 4. Fees: Customer will pay all fees for any Service as disclosed in any fee schedule or Supplemental Agreement. The Bank may deduct fees for any Services from any Account of the Customer at the Bank. Customer is responsible for all access and other charges incurred in using any Communication Device. 3/31/2021 99EBSATermsandConditions -New Form Page 4 of 24 5. Termination of Services or Agreement: Unless any other time period is specified herein or in any Supplemental Agreement, either the Bank or the Customer may terminate any Supplemental Agreement or any Service by giving at least 15 Days prior written notice to the other. Notwithstanding the foregoing, the Bank may terminate a Service without prior notice if the Customer is in default under the Electronic Business Services Agreement, or if the Bank has reason to believe that any Account of the Customer is being misused or the security of any Account has been compromised, or if the Service is being used for illegal purposes, or the use of the Service threatens damage or fmancial loss to the Bank, or in the event of the Customer's insolvency, receivership, or voluntary or involuntary bankruptcy, or the institution of proceedings therefore or any assignment for the benefit of the Customer's creditors. 6. Limits on Bank Liability: Except as may otherwise be specifically provided herein: (a) neither the Bank, nor any of the Bank's affiliates, officers, directors, employees or agents ("Bank Representatives"), will be responsible for any loss of Customer's funds or property except as a result of an intentional act or gross negligence of the Bank or a Bank Representative; (b) any liability of the Bank with respect to any Service shall be limited to liquidated damages equal to the lesser of actual damages sustained by the Customer or the amount of fees for the applicable Service that were paid by the Customer for the six month period immediately preceding the act or omission for which the Bank or Bank Representative is liable; (c) neither the Bank nor any Bank Representative shall be liable for any indirect, special, incidental, punitive or consequential damages, and (d) Customer will be solely responsible for any losses or damages caused by any inaccurate or incomplete information provided by the Customer. 7. Third Party Products and Services: Customer must provide Customer's own access to the Communication Device through a provider of Customer's choice. Customer is solely responsible for obtaining and maintaining all equipment, devices, applications or services necessary to use the Communication Device. The Bank has no liability of any kind or nature arising from any defect in any such item. Bank is not responsible for any computer virus, cookies, spyware or similar problems which may affect or result from Customer's use of the Services. Customer agrees to all terms of use and license agreements applicable to any equipment, devices, applications or services used by Customer in using a Communication Device. 8. Survival of Terms; Successors; Miscellaneous: If any part of Electronic Business Services Agreement, is found to be illegal or unenforceable, then the remainder of such agreement shall be interpreted to give effect to the general intention of such agreement. All rights and remedies of the Bank, and any limitations on the liability of the Bank, contained in the Electronic Business Services Agreement survive the termination of such agreement. Customer cannot assign any of its rights under the Electronic Business Services Agreement. The Electronic Business Services Agreement will be for the benefit of and shall be binding on the permitted successors and assigns of the Customer and the Bank. The Bank reserves the right to waive the enforcement of any of the terms of the Electronic Business Services Agreement with respect to any transaction or series of transactions. Any such waiver will not affect the Bank's right to enforce any of its rights with respect to other customers or to enforce any of its rights with respect to later transactions with Customer and is not sufficient to modify the terms and conditions of the Electronic Business Services Agreement. 9. Indemnification: The Customer will indemnify the Bank against all costs and expenses incurred by the Bank (including attorney fees) arising out of any acts or omissions caused by Customer and acts or omissions of the Bank in reliance on instructions from the Customer. 3/31/2021 99EBSATermsandConditions -New Form Page 5 of 24 10. Security: (a) Customer may be assigned Security Devices to be used when Customer uses Services. The Bank may also make available to the Customer Security Devices that are provided by third parties. The Customer must use the Security Devices that are designated or required for a Service. Customer is solely responsible for making Security Devices available to Authorized Persons and for monitoring the use of the Security Devices by the Authorized Persons. Customer is solely responsible for all transactions that are made using Customer's computer or other Communication Device, or which are made using any Security Device issued to Customer, or which are made after Customer has declined to accept Security Devices made available by the Bank, or which are made without the Bank's actual knowledge that such transactions are unauthorized. Customer is solely responsible for all transactions and use of Services that are made using Customer's Communication Device, or which are made using any of Security Devices issued to the Customer, without the Bank's actual knowledge that a transaction or Service use is unauthorized. Without limiting anything else contained herein, Customer is solely liable for any losses, damages or unauthorized access to Customer's Accounts if Customer accesses Services by public WiFi or other public access services. Customer is solely responsible for installing in Customer's Communication Devices such procedures, codes, firewalls and other security devices as are necessary to prevent the unauthorized use of Customer's Communication Devices, Security Devices or Accounts. The Bank will have no liability to the Customer for any losses incurred by Customer that could have been avoided or mitigated by the Customer using the any Security Device, services or products offered by the Bank to avoid unauthorized access to Customer's Accounts, or the most advanced or comprehensive options for such services or products, and Customer has declined to use such Security Devices, services or products. (b) The Bank reserves the right to block access to the Services if the Bank has actual knowledge that any Security Device has been compromised or misappropriated, provided that the Bank has no obligation of any kind to investigate or discover any such compromise or misappropriation and the Bank shall have no liability to the Customer for the Bank's failure to discover any such compromise or misappropriation. The Customer must immediately notify the Bank in writing delivered by certified mail or by a nationally recognized courier service or by e-mail if: (i) Customer has authorized any person to use any of Customer's Security Devices and if Customer wishes to terminate such person's authority to use the Security Device, or(ii) Customer has reason to believe that any of Customer's Security Devices have been lost, stolen or otherwise compromised, or (iii) Customer has reason to believe that any person is accessing Customer's Accounts without authority. The Bank will have no liability for any unauthorized transactions that occur within two Banking Days after actual receipt of such written notice by the Bank. Customer hereby releases the Bank from all liability for, and will indemnify the Bank Representatives from, any and all claims of any nature arising out of any access to any of Customer's Accounts using the Services unless the Bank has actual knowledge that such transactions are unauthorized. If the Bank makes available to the Customer a Security Device and the Customer refuses to use the Security Device, then the Bank shall have no liability of any kind for any unauthorized access to Customer's Accounts, or misappropriation of any of Customer's funds. 3/31/2021 99EBSATermsandConditions -New Form Page 6 of 24 (c) THE BANK MAKES NO REPRESENTATIONS OR WARRANTIES AS TO MERCHANTABILITY, OR THAT THE SECURITY DEVICES ARE FIT FOR A PARTICULAR PURPOSE OR ARE SUFFICIENT TO PROTECT THE CUSTOMER AGAINST UNAUTHORIZED ACCESS TO THE CUSTOMER'S ACCOUNTS OR COMPUTER SYSTEMS. THE CUSTOMER ACKNOWLEDGES THAT THE SECURITY DEVICES MAY NOT BE THE MOST SOPHISTICATED OR ADVANCED DEVICES AVAILABLE AND THAT THE BANK HAS NO OBLIGATION EXCEPT TO OFFER REASONABLE SECURITY DEVICES TO THE CUSTOMER. THE CUSTOMER SHOULD OBTAIN INDEPENDENT ADVICE ON THE SECURITY OF CUSTOMER'S COMPUTER SYSTEMS AND WHETHER THE SECURITY DEVICES PROVIDE SUFFICIENT PROTECTION TO THE CUSTOMER AND ITS ACCOUNTS AND COMPUTER SYSTEMS. Customer agrees to look solely to the third party provider or manufacturer of any Security Device with respect to any defect in a Security Device. 11. Positive Pay: The Bank currently offers "positive pay" service to business checking account customers. Under the positive pay service, the Customer notifies the Bank in advance of checks that Customer writes on Customer's account, including information about the contents of the check. When the check is presented to the Bank for payment, the Bank will compare the contents of the check with the information Customer provided to the Bank. If the check does not match the information Customer gave Bank then the Bank will contact Customer for instructions on how to handle the check. Positive pay is an important method for protecting a Customer's Accounts against fraud and forgery and the Bank strongly recommends that Customers use positive pay. Customer agrees that if Customer does not use the Positive Pay system then Customer may not make any claims against the Bank, and the Bank will have no liability, for any losses Customer may experience from forged, altered or fraudulent checks drawn on the Customer's account. 12. Service Administrator: Customer will appoint an Administrator who will be responsible for the following functions with respect to all Services: establish access rights to all Services by representatives of the Customer; receive communications generated by the Communication Device or Service systems; approve, reject or modify all instructions to the Bank for transactions or other use of Services; assign user passwords or other Security Devices to representatives of the Customer; and in all other manners represent the Customer with respect to the Services. The Customer may change the Administrator, or appoint additional Administrators, by giving written notice to the Bank. The Bank will not be under a duty to inquire as to the authority of the Administrator or the propriety of any instructions given to the Bank by the Administrator or any person designated by the Administrator to act on behalf of the Customer. 3/31/2021 99EBSATermsandConditions -New Form Page 7 of 24 13. Interruption in Service; Limit of the Bank's Liability: Any information Customer receives from the Bank can only be provided on a best-efforts basis for Customer's convenience and is not guaranteed. The Bank is not liable for any deficiencies in the accuracy, completeness, availability or timeliness of such information or for any investment or other decision made by Customer using this information. The Bank will have no liability to Customer if Customer is not able to complete any transaction because: (a) Customer does not have enough money in Customer's Accounts to make the transfer; (b) the Bank's communications systems or computer system are not working properly or is undergoing repair or maintenance; (c) the failure is the result of any act or omission of any Communication Device provider or any software or service provided by any third party or any other party to the transaction; (d) service is interrupted or blocked as a result of interruption of Communication Devices or pursuant to security procedures; or (e) circumstances beyond the Bank's control (for example, fire, flood, loss of power, or interruption of Communication Systems) prevent the completion of the transaction. The Bank may on a regular basis perform maintenance on the Bank's equipment or systems which may result in interruption of the Services and the Bank will not have any liability to Customer as a result of any such interruptions. The Bank may contract with third parties to provide certain Services to Customer. The Bank will have no liability of any kind to Customer with respect to any acts or omissions of such parties, and Customer's sole remedy shall be against such third party. If Customer experiences any inability to access the Services Customer should call the Bank during normal business hours. 14. Laws, Disputes: The Electronic Business Services Agreement is governed by the internal laws of the State of Missouri without reference to conflicts of law rules and by the Federal Arbitration Act. Any disputes relating to any such agreements or the Services shall be resolved by arbitration in Cole County, Missouri in accordance with the rules of commercial arbitration for the American Arbitration Association (the "AAA"). The AAA shall appoint the arbitrator. No arbitrator may award indirect, special, punitive or consequential damages of any kind or make any award not authorized herein. Claims of more than one person or entity (other than joint Customers under the Electronic Business Services Agreement) may not be joined in a single arbitration proceeding. Arbitration awards may be enforced by any state or federal court having geographic jurisdiction over Cole County, Missouri The nonprevailing party will pay the costs of arbitration, and the costs and attorney fees of the prevailing party including costs of enforcing any arbitration award. 15. Cut Off Times. The following Cut Off Times for delivery of information will apply to all Supplemental Agreements. If different Cut Off Time is specified in a Supplemental Agreement, the following times will take priority. All Cut Off Times are applicable to Banking Days and are based on the local time of the main office of the Bank. Transaction Cut Off Time Account transfers 6:00 p.m. ACH transfers and notices 7:00 p.m. Bill Payment Cancellation 3:00 p.m. Bill payment orders- expedited 6:00 p.m. Bill payment orders-regular 3:00 p.m. Remote Check Capture 6:00 p.m. Funds Transfer Deposits 6:00 p.m. Loan payments 6:00 p.m. Positive pay notices 7:00 p.m. Same-day ACH transfers 2:45 p.m. 3/31/2021 99EBSATermsandConditions New Form Page 8 of 24 Stop payment orders 6:00 p.m. Wire transfers 4:00 p.m. 16. Fees. Customer will pay fees for the Services as established by the Bank. 17. Use of Services; Confirmations of Transactions. The Customer will use Services and give instructions to the Bank regarding use of Service in compliance with procedures that the Bank may establish for a particular Service. The Bank will not be required to provide any confirmations of completed transactions except as may be available through the Bank's intemet banking services or on the Customer's regular account statement. 18. Notice of Erroneous or Unauthorized Transactions. Customer must give notice to the Bank of an erroneous or unauthorized Service transaction within five Banking Days after the earlier of the date that the Customer discovers such transaction or the date that the Account statement or other notification on which the transfer appears is first made available to the Customer (including posting on the Bank's Internet or on-line banking site). The Bank shall have no liability to the Customer if notice is not given within such time. The Customer must cooperate with the Bank in recovering any erroneous transactions. 19. Provisional Credits.Any credits to Customer's Accounts from any source are provisional until Bank receives final settlement for such entries. 20. Successors and Assigns Severability. The Electronic Business Services Agreement will be binding on and inure to the benefit of the Bank and the Customer and their respective successors, heirs and assigns. The invalidity or unenforceability in particular circumstances of any portion of the Electronic Business Services Agreement shall not affect the remainder of the agreement and a court or arbitrator may reform the agreement to reflect the intent of the Bank and the Customer. STOP PAYMENT ORDERS The Customer may instruct the Bank not to pay a check. The Bank will not be required to act on such instructions until four hours after the notice is received by the Bank, or until 11:00 a.m. on the next Banking Day if the four hours would end after the Cut Off Time for stop payment orders. Notwithstanding anything else contained herein, the Bank will not be required to stop payment of a check when excused from doing so by law. Customer should call the Bank if Customer wishes Customer's instructions to be acted on more quickly. A stop payment order must precisely identify the date, check number,payee and amount of the check. A written stop payment order is effective for only 6 months unless renewed within the 6 month period. An oral stop payment order is effective for only 14 Days. The Bank may pay any check after expiration of a stop pay order without further authorization of the Customer and without regard to any stale check rules. FUNDS TRANSFER Customer may transfer Available Funds from one Account to another Account or from an Account to make a payment on a loan from the Bank to the Customer, but only to the extent that there are unencumbered Available Funds in the Account from which the transfer is made. Customer may make draws on lines of credit and transfer the draw to an Account,but only to the extent that a draw is permitted under the terms of the loan documents. The number of transfers that Customer may make may be limited by law or regulation and the Bank may establish restrictions on transfers that may 3/31/2021 99EBSATermsandConditions -New Form Page 9 of 24 exceed those limits. Transfer instructions must be received by the Cut Off Time for transfers to be made on a Banking Day. Only Available Funds may be transferred BILL PAYMENT Customer may pay bills from Available Funds in the Customer's checking Accounts to a creditor of the Customer. The Bank may, but will not be required to, pay any bills where the payees are located outside of the United States. Customer will be required to designate the amount of the payment to be made, the date that the payment is to be delivered to the creditor, and such other information as the Bank may require. Customer may authorize individual payments or may authorize automatic payment of recurring bills. Payments will be made by checks mailed to the creditor or by ACH transfers depending on the requirement of the creditor. The Bank has no obligation to notify the Customer of the method of payment to be used. Payments sent by mail may not be postmarked and may not provide proof of date of mailing the payment. It is the sole responsibility of the Customer to give an instruction to pay a bill in sufficient time for the payment to be delivered by the date that payment is due. If payment cannot be processed through the bill payment service in time for delivery by the required payment date, then the Customer must arrange for alternative methods of delivery of the payment. Payments will be administered by an independent third party and the Bank has no control over the processing or delivery processes. The Bank has no liability to the Customer for acts or omissions of the third party service provider. The Bank cannot guaranty that a payment will actually be received by the creditor by the delivery date specified by the Customer. If any payment is delivered after the designated delivery date, and if such delay is caused by a wrongful act or omission of the Bank, the liability of the Bank for each such occurrence shall be limited to the lesser of $50.00 or the late penalty or fee assessed by the creditor under an existing agreement between Customer and the creditor. The amount of the payments, and any applicable fees, will be deducted from the Account that Customer designated to be used to pay bills. For bills paid by ACH transfer, the Account will be charged on the date the payment is processed. For bills paid by check, checks will be issued on the Customer's Account regardless of whether sufficient funds are in the Account on the day the check is issued and the Account will be charged on the date the check is presented for payment. If there are not sufficient Available Funds in the Account to pay all of the designated bills the Bank may complete payments to the extent of Available Funds and decline to pay all other bills in accordance with the Bank's standard procedures. The present standard procedure of the Bank is to pay bills in the order of the dates that payments are scheduled to be processed. If sufficient Available Funds to pay a bill that is to be paid by ACH transfer, the Bank will not pay the bill if sufficient funds are later deposited into the Account. If sufficient Available Funds to pay a bill that is to be paid by a check dawn on the Customer's Account, the Bank the bank may pay the check in accordance with the Bank's standard procedures for paying checks if sufficient funds are later deposited into Customer's Account. The Bank will not be required to notify the Customer if a bill will not be paid due to lack of sufficient funds. If the Bank does not pay the bill, the Customer may be charged the Bank's standard checking insufficient funds fee. If multiple payment authorizations are scheduled for processing at the same time and there are not sufficient Available Funds to cover all of the transactions, the Bank may complete one or some of the transactions in accordance with the Bank's standard procedures and refuse to complete all other transactions for which there are not sufficient Available Funds. Customer may contact the Bank for information about the Bank's standard procedures for determining which transactions may be completed if there are insufficient Available Funds. It is the sole responsibility of the Customer to have sufficient funds in the designated Account by the Bill 3/31/2021 99EBSATermsandConditions -New Form Page 10 of 24 Payment Deposit Cut Off Time on the payment processing date to pay all applicable bill. If Customer wants to cancel any bill payment, Customer must cancel the online bill payment before the Cut Off Time on the processing Day for such payment. The Bank may terminate the bill payment services without prior notice to the Customer if Customer does not use the services for 90 days. POSITIVE PAY The positive pay service permits the Customer to verify certain items in checks before they are paid to help prevent payment of unauthorized checks. If a Customer uses the positive pay service the Customer will notify the Bank in advance of checks that Customer writes on Customer's account. When a check is presented to the Bank for payment the Bank will compare the contents of the check with the information Customer provided to the Bank. The Customer will designate certain information contained in checks that will be verified by the Bank before a check is paid (the "Verifiable Data"). The Customer will designate how many items of a check will be included in Verifiable Data. The Customer will submit to the Bank a list of Verifiable Data for all checks issued by the Customer(the "Issue List"). The Issue List shall be submitted to the Bank electronically. The Bank may change the format and method of submission of the Issue List at any time by giving the Customer at least 5 Days prior notice of such change. The Customer is solely responsible for any Issue List errors contained in the Issue List. It is the sole responsibility of the Customer to assure and confirm that the Bank receives the Issue List by the Cut Off Time. The Customer bears all risks of failure of communication systems used to deliver the Issue List to the Bank. If any Check is submitted to the Bank for payment against the Account, and if the Check corresponds with the Verifiable Data for such Check in the Issue List, then the Customer authorizes the Bank to pay the Check and the Bank shall have no liability to the Customer if the Check is forged, counterfeit, duplicate, altered or otherwise invalid in any way. The Bank will not be required to verify any of the other information contained in any Check included on the Issue List other than the Verifiable Data designated by the Customer. The Bank will have no liability for paying checks that are not valid if the invalidity of the check could have been identified by a term that was not part of the Verifiable Data items designated by the Customer. The Bank will not be required to confirm the validity of the signature or the absence of a signature on the Checks; or the contents of automated clearing house transfers or drafts drawn on the Account. Notwithstanding anything else setout herein, if there are any apparent errors in encoding information by a payee or by a depository or collecting bank, the Bank is authorized to correct such encoding errors to be consistent with the Verifiable Data, and such Check will not be reported to the Customer as being inconsistent with the Verifiable Data. If the Bank determines that any Verifiable Data is inconsistent with the information contained in the Issue List, or if the Check is not included in an Issue List, the Bank will attempt to notify the Customer through the Bank's online banking system or by telephone or e-mail. The Bank will not have any obligation to send multiple files of the same exception. If Customer does not approve the exception within 2 hours after notice of the exception is delivered to Customer then the Bank will return the Check as "refer to maker". The Bank shall be entitled to act on any instructions received from any person responding on behalf of the Customer without further investigation or authorization. 3/31/2021 99EBSATermsandConditions -New Form Page 11 of 24 If the Bank fails to identify or notify the Customer of contents of a Check that do not conform to the Verifiable Data, as required hereunder,the liability of the Bank to the Customer shall be limited to the lesser of the actual damages to the Customer or the amount of the Check. Notwithstanding anything else contained herein,the Bank shall have no liability for paying any Check that is otherwise properly drawn against the Account even if the Check is not listed on the Issue List. The Customer will indemnify the Bank against all costs, claims and expenses incurred by the Bank as a result of paying any Check that conforms to the Verifiable Data, or returning any Check that does not conform to the Verifiable Data. WIRE TRANSFER The Bank will make electronic transfers of funds from an Account to third parties ("Wire Transfers") on the following terms. 1. The following terms have the following meaning with respect to Wire Transfers. These definitions are in addition to those in the "Terms Applicable to All Services" contained in the Electronic Business Services Agreement: "Limit"means the maximum amount of funds for which all Authorized Persons may give instructions to Wire Transfer in the aggregate on a single Day. "Wire Transfer Instructions" means directions given by an Authorized Person to Initiate or Transmit a Wire Transfer on behalf of the Customer. 2. Customer, and any Authorized Persons, will be required to use Security Devices to authorize any Wire Transfer Instructions. 3. Customer will have no right to reverse or change a Wire Transfer request after it is received by the Bank. A Wire Transfer is finally paid when the Wire Transfer is sent. If the Wire Transfer is requested in United States dollars to a foreign country, then at the paying bank's option payment may be made in the currency of the country to which the transfer is delivered and at the paying bank's exchange rate for United States dollars. 4. The Bank will have no obligation to make any Wire Transfer unless there are then on deposit with the Bank sufficient Collected Funds in an amount at least equal to the amount of the requested Wire Transfer plus applicable fees, provided that the Bank may make such transfer without sufficient funds on deposit in the Bank's sole discretion and the Customer shall immediately on demand pay to the Bank the difference between the Collected Funds and the amount of the Wire Transfer. Except as specifically provided herein or in the Bank's rules and regulations or in applicable laws and regulations, there is no limit on the amount or number of Wire Transfers that the Bank may be requested to make. 5. Wire Transfer Instructions received by the Bank after the applicable Cut Off Time will not be processed until the next Banking Day. Notwithstanding anything else contained herein, the Bank may refuse, in the Bank's sole discretion, to make any Wire Transfer by notifying the Customer within a reasonable time the Customer places the Wire Transfer Instruction. 3/31/2021 99EBSATermsandConditions -New Form Page 12 of 24 6. If the Bank makes any Wire Transfer that does not conform to the Wire Transfer Instructions given to the Bank, the liability of the Bank shall be limited to the lesser: (a) the actual damages to the Customer; or (b) $500 as liquidated damages if the Bank fails to send the Wire Transfer, or (c) the amount of funds transferred if the Bank sends the Wire Transfer other than as authorized herein. 7. The Customer may require that any transaction must be authorized by two Authorized Persons. Such designation must be made by the Administrator using the system maintenance function for the Service. AUTOMATED CLEARING HOUSE(ACH)TRANSACTIONS Customer may initiate credit and debit Entries pursuant to the following terms and the Rules, and Bank is willing to act as an ODFI with respect to such Entries. 1. Definitions. The following definitions are in addition to those provided in the "Terms Applicable to All Services" of the Electronic Business Services Agreement. Unless otherwise defined herein, capitalized terms shall have the meanings provided in the Rules. Capitalized terms that are not specifically defined herein shall have the meaning defined in the Rules. "ACH Account"means an Account designated by the Customer for any ACH transaction. "ACH Operator"means the Federal Reserve Bank that provides ACH clearing services. "Entry" or "Entries" has the meaning provided in the Rules and shall also mean the data received from the Customer hereunder from which the Bank prepares Entries. "Entry Date"means the effective date of an Entry shown on such Entry "NACHA" means the organization known by that name which manages the development, administration, and governance of the ACH network and which previously was known as the National Automated Clearing House Association. "ODFI"means an originating depository financial institution. "OFAC"means the Office of Foreign Assets Control. "On-Us Entry"means an Entry received for credit to an account maintained with the Bank. "Prenotification" means an ACH entry by an Originator to an RDFI that contains the same information as an Entry except for a dollar amount and transaction code that is sent for purposes of permitting the RDFI to verify the accuracy of account data. "Rules"means rules for ACH transactions issued by the ACH Operator and NACHA. 1. ACH Rules; Compliance with Laws. The Customer acknowledges receipt of a copy or has access to a copy of the Rules. The Customer agrees to comply with and be bound by the Rules. In the event the Customer violates any of the applicable Rules and NACHA imposes a fine on the Bank because of the Customer's violation, the Bank may charge the fine to the Customer. If there are any inconsistencies between this the Electronic Business Services Agreement and the Rules, the terms of the Electronic Business Services Agreement shall control. It shall be the responsibility of the Customer that the origination of the ACH transactions complies with United States law. This includes, but is not limited to sanctions enforced by OFAC. It shall further be the responsibility of 3/31/2021 99EBSATermsandConditions -New Form Page 13 of 24 the Customer to obtain information regarding such OFAC enforced sanctions. (OFAC Compliance Hotline 1-800-540-OFAC =). 2. Audit Rights. Notwithstanding any disclaimers of Bank to monitor Customer's transactions hereunder or compliance with the Rules or the terms of this Agreement, hereunder, Bank may at any time audit the Customer's compliance with this Agreement and with the Rules and Customer will give the Bank access to such records as may be necessary to perform such audit. 3. Processing,Transmittal and Settlement by Bank; Prefunding. (a) Except as provided herein, the Bank shall (i) process Entries received from the Customer to conform with the file specifications set forth in the Rules, (ii) transmit such Entries as an Originating Depository Bank the ACH Operator, and (iii) settle for such Entries as provided in the Rules. (b) The Bank shall transmit such Entries to the ACH Operator by the applicable Entry Date shown in such Entries, provided: (i) the Entry Date is at least one Banking Day after the Cut Off Time for the applicable Entry, and (ii) the ACH Operator is open for business as of the Cut Off Time. (c) If any of the requirements of this Section are not met, the Bank shall use reasonable efforts to transmit such Entries to the ACH Operator by the next deposit deadline on which the ACH Operator is open for business. (d) Customer may be required to deposit funds into the ACH Account for the total amount of the ACH credit before the Bank is required to process the Entry. If prefunding is required: (i) Customer must assure that there are Collected Funds in the ACH Account at least equal to the credit Entry prior to submitting the Entry; (ii) the funds will be held in the ACH Account when the Entry is submitted to the Bank for processing and the Entry will be charged against such funds; and (iii) if Customer fails to fund the ACH Account prior to submitting the Entry then the processing of the Entry will be suspended until either the ACH Account is fully funded or the Entry is cancelled. (e) Bank, in its sole and absolute discretion, may offer same-day ACH transactions to Customer subject to the following: (1) Same-day ACH payments must be submitted before 2:45 p.m. (Jefferson City, Missouri,time); (2) Same-day credit and debit transactions, singly or in the aggregate, will be limited to $100,000 per payee per day 4. On-Us Entries. Except as provided herein, in the case of an On-Us Entry the Bank shall credit the Receiver's account in the amount of such Entry on the Effective Entry Date contained in such Entry,provided the requirements set forth in herein are met. If either of those requirements is not met, Bank shall use reasonable efforts to credit the Receiver's account on the next Banking Day following such Effective Entry Date. 5. Rejection of Entries. The Bank may, but will not be required to, reject any Entry which does not comply with the requirements of this Agreement, or which contains an Effective Entry Date more than ten Days after the Banking Day such Entry is received by the Bank. The Bank shall have the right to reject an On-Us Entry for any reason for which an Entry may be returned under the Rules. The Bank shall have the right to reject any Entry if the Customer has failed to comply with its account balance obligations hereunder. The Bank shall notify the Customer by electronic transmission of such rejection no later than the Banking Day such On-Us Entry would otherwise have been transmitted by the Bank to the ACH Operator, or in the case of an On-Us Entry, its Effective Entry Date. The Bank shall have no liability to the Customer by reason of the rejection of any such Entry or failure to reject any Entry or the fact that such notice is not given at an earlier time than that provided for herein. 3/31/2021 99EBSATermsandConditions -New Form Page 14 of 24 6. Cancellation or Amendment by Customer. The Customer shall have no right to the cancellation or amendment of any Entry after its receipt by the Bank. However, the Bank shall use reasonable efforts to act on a request by the Customer for cancellation of an Entry prior to transmitting it to the ACH Operator, or in the case of an On-Us Entry, prior to crediting a Receiver's account. 7. Notice of Returned Entries. The Bank shall notify the Customer by electronic transmission of the receipt of a returned Entry from the ACH Operator no later than one Banking Day after the Banking Day of such receipt. 8. Reinitiation of Entries. The Customer may not reinitiate Entries except as prescribed by the Rules. Customer shall retain and provide Bank on request all information necessary to remake any file of entries for three days after the midnight of the settlement date._ 9. Payment by Customer for Entries; Payment by ODFI for Entries. (a) The Customer shall pay the Bank the amount of each Entry transmitted by the Bank pursuant to this Agreement at such time on the Settlement Date with respect to such Entry as the Bank, at its discretion, may determine, and the amount of each On-Us Entry at such time on the Effective Entry Date of such Entry as the Bank, at its discretion,may determine. (b) Bank may immediately charge the ACH Account for the amount of each debit Entry that is returned unpaid by any ACH Receiving Bank according to the ACH Rules. (c) The Bank shall pay the Customer the amount of each debit Entry (including On-Us Entries) transmitted by the Bank pursuant to this Agreement at such time on the date of transmittal by Bank of such debit Entry as the Bank, at its discretion,may determine. (d) The Bank shall promptly pay the Customer the amount of each credit Entry returned by a Receiving Depository Bank pursuant to this Agreement. 10. Reimbursement to the Bank. The Bank may, without prior notice or demand, obtain payment of any amount due and payable to the Bank with respect to an ACH transaction by debiting the ACH Account and shall credit the ACH Account for any amount received by the Bank by reason of the return of an Entry transmitted by the Bank for which the Bank has previously received payment from the Customer. Such credit shall be made as of the Day of such receipt by the Bank. The Customer shall at all times maintain a balance of Available Funds in the ACH Account sufficient to cover its payment obligations under this Agreement. If there are not sufficient Available Funds in the ACH Account to cover the Customer's obligations under this Agreement, the Customer agrees that the Bank may debit any other Account maintained by the Customer with the Bank or any affiliate of the Bank or that the Bank may set off against any amount it owes to the Customer, in order to obtain payment of the Customer's obligations. If there are no Accounts of Customer with sufficient Available Funds to cover the Customer's obligations under this Agreement, the Customer agrees that the Bank may draw on any line of credit of the Customer with the Bank in order to obtain payment of the Customer's obligations. 11. Customer Representations and Agreements. The Customer agrees that (a) each person shown as the Receiver on an Entry received by the Bank from the Customer has authorized the initiation of such Entry and the crediting of its account in the amount and on the applicable Entry Date, (b) such authorization is operative at the time of transmittal or crediting by the Bank as provided herein, (c) Entries transmitted to the Bank by the Customer are limited to those types of Entries set forth in this Agreement, (d) the Customer shall perform its obligations under this Agreement in accordance with all applicable laws and regulations, and (e) the Customer shall be bound by and comply with the Rules as in effect from time to time, including without limitation the provision thereof making payment of an Entry by the Receiving Depository Bank to the Receiver provisional until receipt by the Receiving Depository Bank of final settlement for such Entry; and specifically acknowledges that if such settlement is not received, the Receiving Depository Bank shall be entitled to a refund from the Receiver of the amount credited and the Customer shall not be deemed to have been paid by the Receiver 3/31/2021 99EBSATermsandConditions -New Form Page 15 of 24 12. Limitations of Liability. The liability of the Bank shall be limited to the lesser: (a) the actual damages to the Customer; or (b) $1,000 as liquidated damages if the Bank fails comply with any Entry. 13. Inconsistency of Name and Account Number. The Customer agrees that if an Entry describes the Receiver inconsistently by name and account number, payment of the Entry transmitted to the Receiving Depository Bank might be made by the Receiving Depository Bank(or by the Bank in the case of an On-Us Entry) on the basis of the account number even if it identifies a person different from the named Receiver, and that the Customer's obligation to pay the amount of the Entry to the Bank is not excused in such circumstances. 14. Notifications of Change. The Bank shall notify Customer of all notifications of change received by the Bank related to Entries transmitted by the Customer by electronic transmission no later than two Banking Days after receipt thereof. 15. Payment for Services. The Customer shall pay the Bank the charges for the ACH services as set out in the Bank's applicable fee schedule. Such charges do not include, and the Customer shall be responsible for payment of, any sales, use, excise, value-added, utility or other similar taxes relating to the ACH services, and any fees or charges applicable to the ACH Account. 16. Data Retention. The Customer shall retain data on file adequate to permit remaking of Entries for 20 Days following the date of their transmittal by the Bank as provided here, and shall provide such data to the Bank upon its request. 17. Third Parties. The Customer shall enter into an agreement and assume full liability for any action made by any third-party processor used by the Customer at its discretion to initiate Entries on its behalf. 18. Reversing Entries. The Customer shall notify the Receiver that a reversing Entry has been transmitted to the Receiver's account no later than the settlement date of the reversing Entry. This notification may be made by the Customer's method of choice (fax, telephone, etc.), specified from time-to-time to the Bank in writing by the Customer. 19. Enrollment Requirements and Special Requirements of Federal Tax Payments. If the Customer has enrolled in the Electronic Federal Tax Payment System (EFTPS), then the Customer will select the ACH credit option. The Customer warrants that all special requirements of the EFTPS system will be met, including the generation of Prenotification Entries before the first tax payment is sent, and that if Customer is generating the tax payment, it will use the CCD format with a TXP Addenda Record as required. 20. Exposure Limits. The total dollar amount of Entries transmitted, frequency of origination and payment application (debits or credits) originated by the Customer to the Bank shall comply with limits established between the Bank and the Customer. 21. Reporting Requirement. Bank will provide reporting information to NACHA for Customer regarding debit Entries whose return rate for unauthorized Entries exceeds 1% as required by the Rules. 3/31/2021 99EBSATermsandConditions -New Form Page 16 of 24 22. Entry Procedures. The Customer shall transmit Entries to the Bank in compliance with the formatting and other requirements established by the Bank. The Customer will obtain authorization for PPD Entries in accordance with the Rules and U.S. law. The Customer will retain a record of the authorization for a period of two years from the termination or revocation of the authorization. The Customer may send Prenotifications by the Cut Off Time prior to initiating the first Entry to a particular account. After the Customer has received notice that any such Entry has been rejected by the Receiving Depository Bank, the Customer will not initiate any Entry to such customer. For recurring entries the Customer will provide written notification to the Receiver ten Days in advance if the amount of the Entry varies from the previous one, unless the authorization indicates variable amounts. The Customer will employ a commercially reasonable procedure to verify routing numbers the identity of the Receiver for all Entries. The Bank shall have no liability for failing to make a transmittal if Customer fails to provide accurate information, within the time periods required herein,necessary to make such transmittal. 23. International ACH Transactions(IAT). (a) The Customer shall transmit IAT outbound debit or credit Entries to the Bank in compliance with the formatting and other requirements established by the Bank. (b) Authorization. The Customer will obtain authorization for IAT Entries in accordance with the Rules and U.S. law. The Customer will retain a record of the authorization for a period of two years from the termination or revocation of the authorization. (c) The Customer assumes all risks and liabilities for foreign exchange conversion, including terms and conditions. The company shall accept IAT Entries returned in a different dollar amount than the original Entry. (d) The Customer warrants the IAT Entry will be in compliance with laws and payment system rules of the receiving country. With respect to each IAT Entry, the originator and the ODFI are in compliance with US Law, including, but not limited to, their obligations under programs administered by OFAC and the US Department of the Treasuries financial crimes enforcement network(FINCEN). (e) All IAT transactions must include the following: name and physical address of the originator, name and physical address of the receiver, account number of receiver, identity of the receivers Bank,reason for payment. - (f) Customer shall indemnify the ODFI from and against any and all resulting claim, demand loss, liability, or expense, including attorney's fees and costs arising out of or related to an `erroneous entry. REMOTE CHECK CAPTURE The following are the terms and conditions on which the Bank will allow the Customer to electronically capture checks and deposits and convert the checks and deposits into electronic images. The following terms relating to such transfers are subject to the "Terms Applicable to All Services" contained in the Electronic Business Services Agreement and the Rules, all of which are incorporated herein. Article I--Definitions The following definitions are in addition to those provided in the "Terms Applicable to All Services" of the Electronic Business Services Agreement. "ANS X9" means the standards and specifications for paper-based and imaged-based payments as defined by the American National Standards Institute. 3/31/2021 99EBSATermsandConditions -New Form Page 17 of 24 "Check" means a draft, payable'on demand and drawn on or payable through or at an office of a Qualified Bank, whether or not negotiable, that is handled for Forward Collection or return, including a Substitute Check and a traveler's check; provided that the term"Check" does not include a Noncash Item or an item payable in a medium other than United States dollars. "Check 21 Act"means Federal Check Clearing for the 21 st Century Act. "Check Capture"means the conversion of a paper check or deposit document to electronic format by the means of a check scanning device and software. "Check Image" means an electronic or digital image of the front and back of an original check or Substitute Check that is created by a depositor, a bank or other participants in the check collection process. "Collecting Bank"means any bank handling a check for collection except the Paying Bank. "Converting Bank" means any bank that has Truncated the original check or Substitute Check to a digital image. "Entry"means an order or request for the transfer of money. "Exposure Limit" means the maximum dollar amount of daily deposits of collected and uncollected checks and Substitute Checks that may be made by the Customer. The Exposure Limit will be disclosed to Customer by the Bank in a separate document and may be changed at Bank's sole discretion upon at least one Banking Day prior notice to the Customer. "Forward Collection" means the transfer by a bank of a check to a Collecting Bank for settlement or the Paying Bank for payment. "Image Exchange Network" means a Customer,bank, FRB or other entities that operate networks for the purpose of receiving and forwarding check images and Substitute Checks for collection. "MICR line" and "magnetic ink character recognition line" mean the numbers, which may include bank routing number, account number, check number, check amount and other information, that are printed near the bottom of a check in magnetic ink in accordance with the American National Standard Specifications ANS X9 and its specifications as may be amended from time to time. "Noncash Item"has the same meaning as in the Expedited Funds Availability Act. "Paying Bank"means— (a) The Bank by which a check is payable, unless the check is payable at or through another bank and is sent to the other bank for payment or collection; or (b) The Bank at or through which a check is payable and to which the check is sent for payment or collection. "Person" means a natural Person, corporation, unincorporated Customer, partnership, government unit or instrumentality,trust or any other entity or organization. "Qualified Bank" means any Person that is located in a State and is chartered by a State or by the United States to engage in the business of banking and includes: (a) Any depository institution as defined in the Federal Reserve Act); 3/31/2021 99EBSATermsandConditions -New Form Page 18 of 24 (b) Any Federal reserve bank; (c) Any Federal home loan bank; or (d) To the extent it acts as a payor— (i) The Treasury of the United States; (ii) The United States Postal Service; (iii) A State government; or (iv) A unit of general local government as defined in the Expedited Funds Availability Act. "Reconverting Bank"means— (a)The Bank that creates a Substitute Check; or (b)If a Substitute Check is created by a Person other than a bank, the first bank that transfers or presents such Substitute Check. "Remote Capture Services"means the software, hardware and procedures that allow the Customer to electronically capture checks and deposits using a check scanning device and convert the checks and deposits into electronic images, balance the checks and deposits captured, electronically inspect images for quality and transmit the images to Bank for deposit and Forward Collection. "Returning Bank"—means a bank (other than the paying or depositary bank) handling a returned check or notice in lieu of return. "Rules" the Check 21 Act, Federal Reserve Board 229, NACHA (formerly National Clearing House Association) Rules, American National Standards X9 specification, the UCC, any network association agreements, all laws and all rules and regulations issued by any regulatory agency relating to the services provided hereunder, and any rules or guidelines issued by the Bank, all as are currently in effect and as amended from time to time. "State"has the same meaning as in Section 3(a) of the Federal Deposit Insurance Act. "Substitute Check"means a paper reproduction of the original check that— (a) Contains an image of the front and back of the original check; (b) Bears a MICR line containing all the information appearing on the MICR line of the original check, except as provided under generally applicable industry standards for Substitute Checks to facilitate the processing of Substitute Checks; (c) Conforms, in paper stock, dimension, and otherwise, with generally applicable industry standards for Substitute Checks; and (d) Is suitable for automated processing in the same manner as the original check. "Truncate" means to remove an original paper check from the check collection or return process and send to a recipient,. in lieu of such original paper check, a Substitute Check or, by agreement, information relating to the original check (including data taken from the MICR line of the original check or an electronic image of the original check), whether with or without subsequent delivery of the original paper check. "UCC"means the Uniform Commercial Code in effect in the State of Missouri. Article II—Rules 3/31/2021 99EBSATermsandConditions -New Form Page 19 of 24 2.1 Rules Governing Transactions. Except as otherwise provide herein Bank and Customer will transmit and process the electronic Entries initiated by the Customer in accordance with the Rules. The Customer agrees to be bound by and held subject to the Rules as well as the provisions contained in the Agreement. In the event that the operating rules of a local or regional check clearing network, or the arrangements between Bank and the Federal Reserve Bank or a correspondent bank are more restrictive than, or are at variance with, the Rules, the Customer agrees to be bound by such more restrictive or varying rules. All transactions are also subject to the"Terms Applicable to All Services" contained in the Electronic Business Services Agreement, all of which are incorporated herein. Bank has no obligation to research and provide Customer updates of Rule changes except changes of Rules issued by the Bank. 2.2 Regulatory Exposure Review. In connection with Remote Capture Services, Customer understands that Bank may require certain fmancial information relating to Customer, in which case Customer agrees to provide Bank with such information within ten Banking Days after such information is requested by Bank. If Bank, in its sole judgment, determines that there has been an adverse change in Customer's financial condition, Bank may terminate this Agreement effective immediately with written notice to Customer. 2.3 Adoption of Regulations and Laws. In the event that the operating rules of a local or regional Check clearing network, or the arrangements between Bank and the Federal Reserve Bank or a correspondent Bank are more restrictive than, or are at variance with, the Rules, the Company agrees to be bound by such more restrictive or varying rules. All representations and warranties applicable to the Customer relating to presentation or transfer of checks as set out in the Rules shall apply to any Check or data relating to a check that is transmitted by the Company to the Bank hereunder, and the Company specifically makes all such representations and warranties to the Bank with respect to each Check. 2.4 Rule Changes. Bank has no obligation to research and provide Company updates and Rule changes except changes of Rules. Article III-- Bank Rights and Responsibilities 3.1 Obligations of Bank. With respect to "on-us" electronic debit and credit Entries, the relationship between Bank and Customer will be governed by the Rules and so long as Customer has properly and completely fulfilled its obligations and duties under this agreement and the Rules to the extent applicable, Bank agrees to assume all the rights and obligations of a "Converting Bank," "Reconverting Bank" and "Paying Bank," as defined by the Check 21 Act and applicable UCC Article 3 and UCC Article 3. 3.2 Treatment as Collecting Bank. No provision of the Check 21 Act shall be construed as affecting the treatment of a Returning Bank as a Collecting Bank for purposes of section 4-202(b) of the UCC. 3.3 Bank Selects Transaction Routing. Bank will receive, verify and transmit the electronic checks from Customer by such means as Bank deems appropriate to convey the Customer Entries into and through the necessary Image Exchange Networks and Customer agrees that Bank, in its sole discretion, will select correspondent banks, Image Exchange Networks and FRB necessary to electronically deliver Customer's electronic checks and deposits. 3.4 Establish Deadlines. Bank reserves the right to change the deadlines for processing as provide in this Agreement, as required by correspondent banks, Image Exchange Networks and FRB. 3/31/2021 99EBSATermsandConditions -New Form Page 20 of 24 3.5 Return Items. Bank will process and return unpaid items in accordance with published bank guidelines and schedules as governed by the FRB Regulation CC - 12 CFR 229 and will, as necessary, convert check images into Substitute Checks for processing. For purposes of determining whether a Check is local or nonlocal,the location of the fmancial institution where the original Check is drawn shall be shall be deemed to the location where the Check is drawn. 3.6 Collection of Checks. Bank is providing an electronic service for the collection of checks and is not responsible for the available balance of any account for which a check is presented. All credits of funds to an account of Customer shall be provisional upon discovery of transmission errors the Bank shall not be deemed to have received a Check or Substitute Check hereunder until the Bank has acknowledged receipt to Customer. The Bank may reject any transmission that does not comply with the terms of this Agreement,without liability of any kind to the Customer. 3.7 Detecting Errors. Bank is not responsible for detecting any Customer errors contained in any check or report created and transmitted to Bank by Customer. 3.8 Bank's Liability for Failure to Make a Transfer. The Bank will have no liability if the Bank fails to complete a transfer to or from Customer's account on time or in the correct amount if: (a) If a legal order directs Bank to prohibit withdrawals from the account; (b) If Customer submits a transfer debit from a restricted account that does not allow online debits; (c) If Customer's account is closed, or if it has been frozen; (d) If the transfer would cause Customer's balance to exceed the Exposure Limit provided that the Bank may, in its sole discretion, process any transactions that exceed the Exposure Limit; (e) If Customer, or anyone authorized by Customer, commits any fraud or violates any law or regulation; (f) If any electronic device, telecommunication device, or any part of the remote capture services is not working properly; (g) If Customer has not provided Bank with correct Check capture information; (h) If Customer has not properly followed the instructions for using remote capture services; (i) If the Bank acts in accordance with instructions from the Customer; or (j) If circumstances beyond Bank's control (such as fire, flood, interruption in telephone service or other communication lines)prevent the transfer. Article IV-- Customer Responsibilities 4.1 Customer's Responsibility and Warranty. Customer agrees and warrants (regardless of whether the warrantee receives the Substitute Check or another paper or electronic form of the- Substitute Check or original check) that no depositary bank, drawee, drawer, or endorser will receive presentment or return of the Substitute Check, the original check, or a copy or other paper or electronic version of the Substitute Check or original check such that Bank, drawee, drawer, or endorser will be asked to make a payment based on a check that Bank, drawee, drawer, or endorser has already paid. The Customer will not re-present any Check, either physically or electronically, 3/31/2021 99EBSATermsandConditions -New Form Page 21 of 24 that has been presented to Bank pursuant to the Remote Capture Services except for representment as a result of dishonor of the Check. 4.2 Check 21 Act Warranty Policy and Procedures. Customer agrees that it will maintain policies, procedures and audit practices to ensure that the check images captured and transmitted to and through Bank into its correspondent banks, participating Image Exchange Networks and the FRB meet all of the requirements as defined by the Rules and will maintain operating procedures to ensure that the original checks and Substitute Checks transmitted are stored and destroyed to prevent the re- presentment of any Check that has already been presented to Bank pursuant to the Remote Capture Services. Bank has the right to inspect the Customer's remote deposit procedures and records at any time. 4.3 Employee Training. Customer agrees that technical and operational training of its employees with respect to Remote Capture Services and equipment is critical to the effectiveness of the system and agrees to provide adequate training for primary and backup employees. Customer will provide such training as is necessary for Customer to comply with its obligations relating to Remote Capture Services. 4.4 Correctness of Data. The Customer will be responsible for the correctness,both as to content and form, of all information submitted to Bank. If any information is not readable, out of balance or unprocessable, or otherwise inaccurate, incomplete or inadequate, it is the sole responsibility of the Customer to correct and resubmit the information to Bank. 4.5 Maintain Image Standards. Customer agrees that images that do not meet ANS X9 Standards are not allowed transmission into the check network and Bank, its correspondent banks, participating Image Exchange Networks and the FRB may reject and return to Customer any and all items that fail to meet established industry standards without any liability for such rejection and/or return. 4.6 Reconcilement Report. Customer agrees that it will maintain a daily control record of all items including transaction counts and dollar amounts. 4.7 Daily Item Balancing. Customer agrees that it will balance posted transactions transmitted from the previous Banking Day and immediately notify Bank of any error discovered. 4.8 Maintain Account. For a period of time ending 60 calendar days after the date of termination of the Remote Capture Services, the Customer will maintain an Account at Bank for the purpose of providing Available Funds for amounts payable by the Customer hereunder and for deposit of received funds in connection with the use of Remote Capture Services. The Customer will maintain sufficient Available Funds in the Account to support any transaction initiated hereunder and to cover any fees the Customer is obligated to pay to Bank under this Agreement. Without limiting the foregoing, Bank may require the Customer to maintain a minimum amount of Available Funds in the Account. If at any time there are not sufficient Available Funds in any Account as required herein, the Customer will immediately pay to Bank, on demand, the amount of any deficiency. Bank may, without prior notice, charge any other account of the Customer at Bank for any amounts payable to Bank under this Agreement. Customer authorizes Bank to debit the Account on the day the returned or rejected electronic debit Entry is received by Bank or thereafter. 4.9 Contingency Plan. Customer agrees that in the event that communications, equipment or software outages prevent Customer from transmitting electronic transactions that Customer will transport checks and deposits to closest office of Bank and make deposits until such time that the outage can be identified and resolved. 3/31/2021 99EBSATermsandConditions-New Form Page 22 of 24 4.10 Inks. Customer agrees that it is solely responsible for the ink quality and usability of all Checks it processes in conjunction with the Remote Capture Services System. 4.11 Record Retention and Destruction. Company agrees to maintain original, paper Checks for a period of 35 calendar days in a fire-proof container located in an area that restricts the possibility that these paper Checks can accidentally be reprocessed and deposited at a future date. At the end of 35 days Company will destroy all Checks by shredding, burning or some other manner that assures that the Checks cannot be submitted for payment and data on the Checks cannot be retrieved or duplicated. Company agrees to maintain acceptable quality, permanent and electronically accessible records of all transactions in accordance with published state and federal requirements and include Check and deposit images, front and back,posting date, amount, serial number and routing and transit numbers, which records shall be made available to Bank or to those regulatory agencies having jurisdiction over Bank or Company upon request. Customer will also implement appropriate document management procedures to insure the safety and integrity of deposited items from the time of receipt until the time of destruction or other voiding. Company will furnish Bank or those regulatory agencies having jurisdiction over Bank with a copy of any Check. 4.12 Possession of Check. Customer will not initiate an electronic check Entry with respect to any Customer without first being in possession of a proper check or Substitute Check, which is made payable to Customer. 4.13 Certified Equipment List. Customer agrees to purchase and use equipment and software that is compatible with Bank's systems and equipment and that is provided or approved by Bank. Bank shall have the right to require the Customer to acquire such equipment from Bank or a supplier designated by Bank. Bank shall have no liability or responsibility for any damages, losses, claims or causes of action experienced by Customer as a result of any software or equipment used in conjunction with the Remote Capture Services and transactions contemplated by this Agreement, and Customer's sole recourse with respect to any such damages, losses, claims or causes of action shall be against the provider of such software and equipment. 4.14 Confidentiality. Customer agrees to keep confidential all software, systems, User Guides, procedures and instructions published or made available to Customer by Bank ("Confidential Information"). Customer agrees to disclose the Confidential Information to Customer's employees and agents only on a need-to-know basis, and Customer agrees not to disclose the Confidential Information to anyone else without prior written consent from Bank, except as required by law or as permitted by this Agreement. Upon termination of this Agreement, Customer must return all Confidential Information to Bank, together with any reproductions or extracts of the Confidential Information. Prior to execution of this Agreement, Customer shall (i) adopt and maintain safeguarding and security policies and procedures that comply with applicable laws, regulations and regulatory pronouncements, including without limitation the Gramm-Leach-Bliley Act and its implementing regulations; (ii) adopt and maintain appropriate disaster recovery and business resumption policies and procedures that comply with applicable laws, regulations and regulatory pronouncements; and(iii)provide Bank with the current copies of all such policies and procedures as requested. Customer acknowledges that Bank has no duty to audit, review or approve any security procedures of the Customer and that the Customer is solely responsible for all damages resulting from the unauthorized or improper transaction. Customer shall provide Bank with immediate written notice of any breach of its computer or IT systems or of any unauthorized use or disclosure of, or access to, any confidential information of Bank of which Customer becomes aware. Such written notice shall include a reasonably detailed summary of the nature of the unauthorized use, disclosure 3/31/2021 99EBSATermsandConditions -New Form Page 23 of 24 or access, as well as its affect or anticipated effect on Bank, and any corrective actions taken or to be taken by Customer. Customer expressly agrees to take appropriate actions promptly upon becoming aware of any such breach or unauthorized use, disclosure or access. 4.15 Validity of Signatures. Customer represents that the Check was duly signed or endorsed by the named drawer of the Check and by all payees of the Check. MOBILE BANKING TEXT BANKING You may send electronic messages from your mobile phone, commonly referred to as "texting", for access to Eligible Accounts via Online Banking("Text Banking") and receive account activity alerts you have enabled. For Text Banking and alerts,you agree to provide us with a valid mobile phone number that must be verified for use of the service. Your full account number will not be included in any short message service(SMS), commonly referred to as"texting", communications from us.You are responsible to manage and make changes to your registered mobile device. By registering a mobile phone number through the enrollment process,you are certifying that you are the account holder for the mobile phone account or have the account holder's permission to register the number. Message&data rates may apply. Message frequency based on use. You may revoke access to your accounts via Text Banking at any time from Online Banking or by texting"STOP"to 83318 to opt out. Texting"STOP"deactivates the Text Banking service as well as all alerts or messages being delivered to that mobile phone number from our short code. For help text"HELP" to 83318.In case of questions,please call customer service. Supported Carriers: Alltel AWCC,Associated Carrier Group,AT&T,Boost, Cincinnati Bell, Cricket, Interop, MetroPCS, Rural Carrier Group,T-Mobile, US Cellular, Sprint, Verizon Wireless,Virgin Mobile. For information about our privacy and security practices and a link to our U.S. Consumer Privacy Notice, go to our Web site at http://www.centralbancompany.com/uploadedFiles/Central_Bancompany/Content/CBCPrivacy_Stat ement.pdf By activating Text Banking,you consent to delivery of account information in this format. Anyone with access to your mobile device may be able to access the contents of our communications. It is your responsibility to secure your mobile device and to protect your user name and password. We will not bill you for the Text Banking service, or alerts,but your mobile phone carrier may apply standard rates and fees for SMS messages.You agree to indemnify, defend, and hold us harmless from any third party claims, liability, damages or costs arising from your use of the Text Banking or from you providing us with a mobile phone number that is not your own. We will not be liable to you for special, indirect, or consequential damages. QUICK BALANCE Mobile application users may be able to use the Mobile Quick Balance feature to view deposit account balances and limited transaction history. If you or any user chooses to enable the Quick Balance feature through our smartphone application you consent to account information being displayed from the smartphone application without multifactor authentication and password. 3/31/2021 99EBSATermsandConditions-New Form Page 24 of 24 Anybody with access to your device will be able to access account information in this format. It is your responsibility to secure your device to protect your account information displayed in the Quick Balance format. We advise that you do not enable this feature on devices that you share with other people. FINGERPRINT/TOUCH ID,FACE ID Multiple fmgerprints may be stored on a mobile device to grant access to the device and its applications. This feature should not be turned on for any user who allows fmgerprints for multiple persons to be stored on their device. By turning this feature on for this year, all fmgerprints stored on the user's device will be allowed to access all business account(s)this user can access. Therefore, in enabling this feature,you authorize and will be responsible for all transactions conducted by all persons with fingerprint access stored on this user's device,regardless of whether you intended or wanted such transaction to occur. You agree to hold harmless Central Bancompany and its affiliates in the event such transactions occur. FACE ID If the user has twins or siblings that look like them and you are concerned about their access from our Mobile Application,we recommend you do not enable biometric login. Please note: We reserve the right to suspend or disable Biometric Login at any time. 3/31/2021 SECURITY AND CUSTODIAL AGREEMENT THIS SECURITY AND CUSTODIAL AGREEMENT (Agreement") is made and entered into this day of , 20 ,by and between a depositor of public funds ("Depositor"), ("Depository Bank"), and The Central Trust Bank("Custodian"). WHEREAS, Depositor has deposited, and will in the future deposit, Depositor funds in Depository Bank in amounts exceeding the amounts insured by the Federal Deposit Insurance Corporation("FDIC"); WHEREAS, Depositor requires that the amount of Depositor's deposits in Depository Bank in excess of the amounts insured by the FDIC be secured by a pledge of collateral securities; WHEREAS, Depository Bank is willing to pledge collateral securities to secure the amounts of Depositor's deposits in Depository Bank in excess of the amounts insured by the FDIC; and WHEREAS, Depository Bank will place said collateral securities for safekeeping in a custodial account with Custodian. NOW,THEREFORE, Depositor and Depository Bank agree as follows: 1. Pledge of Securities. Depository Bank hereby pledges to Depositor collateral securities (hereinafter "Pledged Securities") that have a market value equal to at least 100% of the amount of Depositor's deposits in Depository Bank in excess of the amount insured by the FDIC (hereinafter "Excess Deposits"). The Pledged Securities shall include only securities of the following kind and character, unless it is determined by the Depository that the use of such securities as collateral may place Depositor funds at undue risk: (a) Bonds or other obligations of the Untied States; (b) Notes, bonds, debentures or other similar obligations issued by the farm credit banks or agricultural credit banks or any other obligations issued pursuant to the provisions of an act of the Congress of the United States known as the Farm Credit Act of 1971, and acts amendatory thereto; (c) Bonds of the Federal Home Loan Banks; (d) Any bonds or other obligations guaranteed as to payment of principal and interest by the government of the United States or any agency or instrumentality thereof; or -1- (e) An irrevocable standby letter of credit issued by a Federal Home Loan Bank processing the highest rating issued by at least one nationally recognized statistical rating agency. 2. Grant of Security Interest; Transfer to Custodian. Depository Bank hereby grants, bargains, conveys and pledges to Depositor a security interest in and lien upon any and all Pledged Securities pledged to Depositor to secure payment of Excess Deposits made by Depositor in Depository Bank. Depository Bank shall transfer or deposit the Pledged Securities into an account in the name of Depository Bank with Custodian(the "Account"). In addition to the rights and remedies given to depository hereunder, Depositor shall have all of the rights and remedies of a secured party under the Missouri Uniform Commercial Code. 3. Depository Bank Representations and Warranties. Depository Bank represents and warrants to Depositor that: (a) Depository Bank is the sole legal and equitable owner of the Pledged Securities; (b) No security interest in the Pledged Securities has been or will be granted by Depository Bank other than that granted herein to secure Excess Deposits made by Depositor with Depository Bank (c) Deposits made by Depositor in Depository Bank are insured by the FDIC in the amount of the deposit or deposits up to $250,000.00; (d) Depository Bank has received value by virtue of the operation of this Agreement and the deposit of Depositor in Depository Bank by Depositor; and (e) Depository Bank is duly authorized to execute this Agreement; that this Agreement has been approved and authorized by the board of directors of Depository Bank;' that this Agreement is reflected in the minutes of said board and in the records of Depository Bank; and that a copy of this Security Agreement shall be maintained as an official record of Depository Bank. 4. Pledge of Additional Securities. If, at any time Depositor determines that the Pledged Securities do not satisfactorily secure Excess Deposits, Depositor may require that additional or substitute securities be pledged by Depository Bank. In such event, Depository Bank shall pledge such additional or substitute securities as are satisfactory to Depositor. 5. Financing Statements. Depository Bank irrevocably authorizes Depositor at any time and from time to time to file financing or continuation statements and/or amendments thereto, without the signature of Depository Bank, and Depository Bank shall execute and deliver such other instruments and documents as may be requested by Depositor to perfect, confirm and further evidence the perfected first priority security interest hereby granted in the Pledged Securities and to effectuate the intent of this Security Agreement. At the option of Depositor, this Agreement, or a photographic or other reproduction of this Agreement or of any -2- Uniform Commercial Code financing statement covering the Pledged Securities or any portion thereof, shall be sufficient as a Uniform Commercial Code financing statement and may be filed as such. 6. Taxes. All items of income, gain, expenses, and loss recognized in the Account shall be reported to the Internal Revenue Service and all state and local taxing authorities under the name and taxpayer identification number of Depository Bank. 7. Default. Depository Bank shall be in default and Depositor shall be entitled to foreclose on the security interest in the Pledged Securities and otherwise exercise all available remedies upon the occurrence of any of the following events: (a) Depository Bank fails to pay all or part of a matured Certificate of Deposit, including earned interest up to the specified maturity date; (b) Depository Bank fails to pay any check, draft or warrant drawn by Depositor which is properly payable and there are sufficient funds on deposit for its payment; (c) Depository Bank fails to account for any check, draft, warrant order or certificate of deposit or any money entrusted to Depository Bank by Depositor; or (d) Depository Bank is ruled "bankrupt", "insolvent", or "failed" under Federal banking regulations, or a conservator or receiver is appointed for Depository Bank. 8. Custodian. Custodian shall hold the Pledged Securities in safekeeping pursuant to the terms of this Agreement. The following provisions shall govern the terms and conditions thereof: (a) Maintenance of Account. From time to time hereafter, Depository Bank will send a written, facsimile, telephone or other communication to custodian designating and identifying one or more securities then held by Custodian in the Account as being subject to a pledge and lien granted by Depository Bank. Upon receipt of such communication, and the securities described therein, Custodian will issue and deliver to the Depository Bank a receipt identifying the Pledged Securities and reflecting Depositor's status as a pledgee/secured party, and mark its books and records to reflect that Depositor is a lien holder. Depository Bank confirms and warrants that all such Pledged Securities are and will be subject to a lien in favor of Depositor and that Custodian may deal with Depositor as a"secured party" under the Missouri Uniform Commercial Code. (b) Release or Substitution of Pledged Securities. Provided that Custodian has not received notice from Depositor stating that Depository Bank is in default of its obligations under this Agreement, Depository Bank shall be permitted to release or substitute Pledged Securities at any time; provided that the market value of the Pledged Securities shall at all times exceed the amount of the Excess Deposits. Depository Bank and/or Custodian shall furnish to Depositor from time to time, upon request, such written -3- 'statements, certificates or other information regarding the Pledged Securities as may be requested by Depositor. (c) Income. Until Custodian has been notified in writing by Depositor that a default by Depository Bank has occurred under this Agreement, Custodian is authorized to deliver or pay over all principal payments, interest and other income received by Custodian on the Pledged Securities to Depository Bank, or to deposit same in any account maintained by the Depository Bank (including, without limitation, the Account) and permit Depository Bank to withdraw or transfer same; provided, however, that if Custodian receives a principal payment on a Pledged Security that constitutes the full repayment of the then outstanding principal balance of such Pledged Security, Custodian shall hold such principal payment in a cash collateral account maintained by the custodian in the name of Depository Bank as if, and to the same effect that it was included within the Pledged Securities. After receiving notification from Depositor of an event of default by Depository Bank hereunder, Custodian shall hold all principal payments, interest and other income received by it with respect to the Pledged Securities, in a cash account maintained by Custodian in the name of Depository Bank, and all such sums shall be held as if, and to the same effect that, such sums were included within the Pledged Securities and the Account. (d) Custodian's Obligation to Hold Securities. Custodian shall hold the Pledged Securities, including any Pledged Securities that constitute additions or substitutions in order to satisfy the terms of this Agreement, and shall not sell, transfer, assign, pledge (except as otherwise agreed to by Depositor and Depository Bank or as provided for herein), or otherwise utilize such Pledged Securities or any cash that is to be held as Pledged Securities pursuant to the provision in subsection (c) above. Custodian has not and will not agree with any third party to comply with any instructions or other directions concerning the Account originated by such third party without the prior written consent of the Depositor and Depository Bank. Custodian shall have no duty or obligation to examine or determine if the Pledged Securities, including any Pledged Securities offered by Depository Bank as additions or substitutions, are permitted collateral under the applicable laws and regulations in effect from time to time, or if the value of any Pledged Securities is sufficient hereunder (including, without limitation, under subparagraph (b) of this Section 8 or under any applicable laws or regulations. (e) Care of Property; Reliance on Instructions. Custodian shall exercise the same care with respect to the Pledged Securities as Custodian exercises with respect to Custodian's own property. Custodian assumes responsibility only for loss to any Pledged Securities occasioned by the negligence of, or conversion, misappropriation or theft by Custodian's agents and/or employees, and then only to the extent of the market value on the date of the discovery of the loss. Custodian, at its option, may insure itself against loss from any cause but shall be under no obligation to obtain insurance directly for the benefit of either Depositor or Depository Bank. Custodian undertakes to perform only the duties expressly set forth in this Agreement, and assumes no responsibility other than for the safekeeping and disposition of the Pledged Securities as provided for herein. Custodian is hereby authorized to rely and act upon any written, facsimile or electronic -4- instruction or notice which purports to be signed by a representative of Depositor or Depository Bank(as applicable)without any duty to investigate or confirm the identity or authority of the individual giving or signing such instruction or notice. (f) Control; Remedies upon Default. Upon notice from Depositor that Depository Bank is in default under this Agreement, Custodian will comply with instructions originated by the Depositor directing disposition of the Pledged Securities in the Account and/or otherwise concerning the Account without further consent by the Depository Bank. In the event of a default by Depository Bank, Depositor shall be authorized forthwith, without notice, advertisement or demand, and at public or private sale, to convert into money the Pledged Securities or as much of the Pledged Securities as may be necessary to pay the whole amount of the Excess Deposits and costs of collection, with an accounting made to the Depository Bank. Depositor may purchase any or all of the Pledged Securities sold at any such sale. In the event of a default, Depository Bank further agrees to pay all costs of collection incurred by Depositor, including attorneys fees. Any net proceeds from the liquidation of the Pledged Securities that exceeds the amount of the Excess Deposits, inclusive of accrued interest, plus costs of collection incurred by Depositor, including attorneys fees, shall be returned to Depository Bank. After Custodian receives a notice from Depositor stating that Depository Bank is in default hereunder, Custodian will not comply with any instructions originated by Depository Bank. (g) Compensation; Termination. Depository Bank agrees to pay Custodian compensation for the services to be rendered under this Agreement based on rates which shall be determined by Custodian from time to time. Custodian shall have the right to terminate this Agreement upon thirty(30) days notice to Depository Bank and Depositor. In the event of any such termination by Custodian, Depository Bank and Depositor agree to promptly appoint a successor custodian and to deliver to Custodian instructions relating to the delivery of all of the Pledged Securities to the successor custodian. (h) Indemnification. Depository Bank agrees to defend, indemnify and hold harmless Custodian, its directors, officers, employees, and agents from and against any and all claims, demands, causes of action, lawsuits, settlements, liabilities, losses, damages, costs, and expenses, including, without limitation, court costs and reasonable attorneys fees and expenses, in any way related to or arising out of or in connection with this Agreement or any action taken or not taken pursuant to this Agreement, except to the extent caused by the gross negligence or willful misconduct of Custodian. (i) Legal Process. Should Custodian receive any garnishment, tax levee, writ of seizure, or any other court order, legal process, or directive issued by any court or federal, state, or local government entity related to the Pledged Securities or the Account (collectively referred to as "Legal process"), Custodian will promptly notify Depositor and Depository Bank of such receipt and notify the issuer of such Legal Process that the Account and the Pledged Securities are subject to a perfected security interest in favor of Depositor. Custodian may hold the Pledged Securities in the Account until such time as the Legal Process is dismissed or released, answer the Legal Process and deliver the -5- Pledged Securities in the Account to the issuer of the Legal Process to the extent required by the Legal Process, or in Custodian's discretion, interplead the Pledged Securities in the Account into an appropriate court of competent jurisdiction and seek a determination of its rights and obligations in regard to such Account and Pledged Securities. In addition, Custodian reserves the right to interplead the Pledged Securities in the Account should it receive conflicting claims to the Account or the Pledged Securities in the Account and the Custodian makes a good faith determination that such action is necessary to protect its interests. 9. Notices. All notices and other communications provided for herein shall, unless otherwise stated herein, be in writing and shall be personally delivered or sent by certified mail, postage prepaid, by prepaid overnight nationally recognized courier, or by facsimile, to the intended party at the address or facsimile number of such party set forth as follows: If the Depositor: Name: Address: Phone Number: Facsimile Number: Email Address: If to Depository Bank: Name: Address: Attn: Phone Number: Facsimile Number: Email Address: If to Custodian: The Central Trust Bank 238 Madison Street Jefferson City, Missouri 65101 Attention: Amanda Bolinger Phone Number: 573-634-1304 Facsimile Number: 573-634-7813 Email Address: amanda_bolinger@centralbank.net or at such other address or facsimile number as shall be designated by such party in a written notice to the other parties hereto. All such notices and communications shall be effective (a) if personally delivered, when delivered, (b) if sent by certified mail, three (3) days after having been deposited in the mail, postage prepaid, (c) if sent by overnight courier, one business day after having been given to such courier, or(d) if transmitted by facsimile,when sent. -6- 10. Miscellaneous. (a) The rights and remedies of the parties under this Agreement are cumulative and are not in lieu of but are in addition to any other rights or remedies which a party shall have under this Agreement or any other instrument, or at law or in equity. (b) No course of dealing between the parties or any failure or delay on the part of a party in exercising any rights or remedies hereunder shall operate as a waiver of any rights or remedies of said party and no single or partial exercise of any rights or remedies hereunder shall operate as a waiver or preclude the exercise of any other rights or remedies hereunder. (c) This Agreement may not be assigned in whole or in part and is binding on the parties,their successors and assigns. (d) If any provision of this Agreement is determined by a court of competent jurisdiction to be invalid or unenforceable to any extent, the remainder of this Agreement shall not be affected, and each provision of this Agreement shall be enforced to the fullest extent permitted by law. (e) This Agreement may be modified by written agreement of the parties. (f) This Agreement shall be governed by the laws of the State of Missouri. IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above written. Depositor: By: Printed Name: Depository Bank: By: Printed Name: Custodian: The Central Trust Bank By: Printed Name: -7- • KPMG LLP Suite 1100 1000 Walnut Street Kansas City,MO 64106-2162 Independent Auditors'Report The Board of Directors Central Bancompany,Inc.: Report on Internal Control over Financial Reporting We have audited Central Bancompany,Inc.'s(the Company)internal control over financial reporting as of December 31,2019,based on criteria established in Internal Control—Integrated Framework(2013)issued by the Committee of Sponsoring Organizations of the Treadway Commission(COSO). Management's Responsibility for Internal Control over Financial Reporting The Company's management is responsible for designing,implementing,and maintaining effective internal control over financial reporting,and for its assessment about the effectiveness of internal control over financial reporting,included in the accompanying Management Financial Assertion. Auditors'Responsibility Our responsibility is to express an opinion on the Company's internal control over financial reporting based on our audit.We conducted our audit in accordance with auditing standards generally accepted in the United States of America.Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. An audit of internal control over financial reporting involves performing procedures to obtain audit evidence about whether a material weakness exists.The procedures selected depend on the auditors'judgment, including the assessment of the risks that a material weakness exists.An audit includes obtaining an understanding of internal control over financial reporting and testing and evaluating the design and operating effectiveness of internal control over financial reporting based on the assessed risk. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Definition and Inherent Limitations of Internal Control over Financial Reporting An entity's internal control over financial reporting is a process effected by those charged with governance, management,and other personnel,designed to provide reasonable assurance regarding the preparation of reliable financial statements in accordance with U.S.generally accepted accounting principles.Because management's assessment and our audit were conducted to meet the reporting requirements of Section 112 of the Federal Deposit Insurance Corporation Improvement Act(FDICIA),our audit of the Company's internal control over financial reporting included controls over the preparation of financial statements in accordance with U.S.generally accepted accounting principles and with the instructions to the Consolidated Financial Statements for Bank Holding Companies(Form FR Y-9C).An entity's internal control over financial reporting includes those policies and procedures that(1)pertain to the maintenance of records that,in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the entity;(2)provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S.generally accepted accounting principles,and that receipts and expenditures of the entity are being made only in accordance with authorizations of management and those charged with governance; and(3)provide reasonable assurance regarding prevention,or timely detection and correction,of unauthorized 0 Central Bancompany March 27,2020 To: Our Valued Customers and Business Partners: Central Bancompany management is committed to maintaining the security of your information. It is at the core of our relationship with you. I manage the Audit Department. A great deal of • my Department's resources are devoted to assure that we achieve this objective. All of Central Bancompany's affiliates,including our technology division and Central Bank,are covered by the scope of our work. • We ensure that controls are designed appropriately and operating effectively including controls that ensure the confidentiality,integrity,and availability of customer information. The scope of our work includes all aspects of the Information Technology(IT)environment. We perform assessments of the IT environment. Our work includes,but is not limited to: External Network Penetration Testing,Internal Network Penetration Testing,Quarterly Network Vulnerability Scans,Web Applications Review(both authenticated and unauthenticated),Mobile Banking Applications Review,Systems Development,Business Continuity Planning,Disaster Recovery Testing,Enterprise Network Security Review,Enterprise Network Architecture Review,and Mainframe Logical Access Review. We review to ensure that risks associated with products and services provided by third parties arc managed to the same extent as if the activities were performed internally. • We benchmark our control environment to industry standards.including PCI-DSS.NIST,and OWASP. We often engage industry leading security consulting firms to assist in our work. The results of our work are reported to management. Management prepares a response to our report,including a plan of action to remediate findings. Timelines for remediation are provided and are commensurate with the risk being addressed. Reporting and status updates arc periodically provided to Central Bancompany's Audit and Risk Committee. You share in the responsibility for maintaining a secure enviromnent. You should ensure that you maintain up-to-date anti-virus software. You should use complex passwords. You should review statements,notifications,and other correspondence as soon as they are made available to you. Other actions that you should consider and additional information about protecting your information can be found on the bank's website under Security. We appreciate your business and the confidence you have placed in us. Sincerely, Paul Klefiner Senior Vice President,Audit 23s •Al'im' City.MO63101•(5 731(3 .123,i•Member FDIC Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller of the Currency Federal Financial Institutions Examination Council Consolidated Reports of Condition and Income for A Bank With Domestic Offices Only - FFIEC 041 Institution Name CENTRAL BANK OF THE MIDWEST City LEE'S SUMMIT State MO Zip Code 64086 Call Report Report Date 12/31/2020 Report Type 041 RSSD-ID 704559 FDIC Certificate Number 26247 OCC Charter Number 0 ABA Routing Number 101005483 Last updated on • 1/27/2021 Federal Financial Institutions Examination Council 11111111.1k11111 Consolidated Reports of Condition and Income for A Bank With Domestic Offices Only - FFIEC 041 Report at the close of business December 31,2020 (202012311 (RCON 9999) This report is required by law: 12 U.S.C. §324 (State member Unless the context indicates otherwise, the term "bank" in this banks); 12 U.S.C. §1817 (State non member banks); 12 U.S.C. report form refers to both banks and savings associations. §161 (National banks); and 12 U.S.C. §1464 (Savings associations). NOTE: Each bank's board of directors and senior management schedules)for this report date have been prepared in conformance are responsible for establishing and maintaining an effective with the instructions issued by the appropriate Federal regulatory system of internal control, including controls over the Reports of authority and are true and correct to the best of my knowledge Condition and Income.The Reports of Condition and Income are and belief. to be prepared in accordance with federal regulatory authority We,the undersigned directors(trustees),attest to the correctness instructions.The Reports of Condition and Income must be signed of the Reports of Condition and Income(including the supporting by the Chief Financial Officer(CFO)of the reporting bank(or by schedules) for this report date and declare that the Reports of the individual performing an equivalent function)and attested to Condition and Income have been examined by us and to the best by not less than two directors (trustees) for state non member of our knowledge and belief have been prepared in conformance banks and three directors for state member banks,national banks, with the instructions issued by the appropriate Federal regulatory and savings associations. authority and are true and correct. I,the undersigned CFO(or equivalent)of the named bank,attest that the Reports of Condition and Income(including the supporting Signature of Chief Financial Officer(or Equivalent) Director(Trustee) Date of Signature Director(Trustee) Director(Trustee) Submission of Reports FDIC Certificate Number 26247(RSSD 9050) Each bank must file its Reports of Condition and Income (Call To fulfill the signature and attestation requirement for the Reports Report)data by either: of Condition and Income for this report date, attach your bank's (a) Using computer software to prepare its Call Report and then completed signature page (or a photocopy or a computer submitting the report data directly to the FFIEC's Central generated version of this page)to the hard-copy record of the data Data Repository (CDR), an Internet-based system for file submitted to the CDR that your bank must place in its files. datacollection(https://cdr.ffiec.gov/cdr/),or The appearance of your bank's hard-copy record of the submitted (b) Completing its Call Report in paper form and arranging with data file need not match exactly the appearance of the FFIEC's a software vendor or another party to convert the data in to sample report forms,but should show at least the caption of each the electronic format that can be processed by the CDR. Call Report item and the reported amount. The software vendor or other party then must electronically CENTRAL BANK OF THE MIDWEST submit the bank's data file to the CDR. Legal Title of Bank(RSSD 9017) For technical assistance with submissions to the CDR, please LEES SUMMIT contact the CDR Help Desk by telephone at(888)CDR-3111, by City(RSSD 9130) fax at(703)774-3946,or by e-mail at CDR.Help@cdr.ffiec.gov. MO 64086 State Abbreviation(RSSD 9200) Zip Code(RSSD 9220) The estimated average burden associated with this information collection is 50.4 hours per respondent and is estimated to vary from 20 to 775 hours per response,depending on individual circumstances.Burden estimates include the time for reviewing instructions,gathering and maintaining data in the required form,and completing the information collection,but exclude the time for compiling and maintaining business records in the normal course of a respondent's activities.A Federal agency may not conduct or sponsor,and an organization(or a person)is not required to respond to a collection of information,unless it displays a currently valid OMB control number.Comments concerning the accuracy of this burden estimate and suggestions for reducing this burden should be directed to the Office of Information and Regulatory Affairs,Office of Management and Budget,Washington,DC 20503,and to one of the following:Secretary,Board of Governors of the Federal Reserve System,20th and C Streets,NW, Washington,DC 20551;Legislative and Regulatory Analysis Division,Office of the Comptroller of the Currency,Washington,DC 20219;Assistant Executive Secretary, Federal Deposit Insurance Corporation,Washington,DC 20429. Consolidated Reports of Condition and Income for A Bank With Domestic Offices Only - FFIEC 041 Table of Contents Schedule RC-F-Other Assets(Form Type- Signature Page 1 041) 27 Table of Contents 2 Schedule RC-G-Other Liabilities(Form Type- 041) 28 USA PATRIOT Act Section 314(a)Anti-Money Laundering Contact Information 4 Schedule RC-K-Quarterly Averages(Form Type- 041) 29 Schedule RI- Income Statement(Form Type- 041) 5 Schedule RC-L-Derivatives and Off-Balance Sheet Items(Form Type - 041) 30 Schedule RI-A-Changes in Bank Equity Capital(Form Type-041) 8 Schedule RC-M-Memoranda(Form Type- 041) 34 Schedule RI-B Part I-Charge-offs and Recoveries on Loans and Leases(Form Type-041) 9 Schedule RC-N -Past Due and Nonaccrual Loans Leases and Other Assets(Form Type- Schedule RI-B Part II -Changes in Allowances for 041) 38 Credit Losses(Form Type-041) 10 Schedule RC-0-Other Data for Deposit Insurance Schedule RI-C Part I-Disaggregated Data on the and FICO Assessments(Form Type-041) 41 Allowance for Loan and Lease Losses(Form Type - 041) 11 Schedule RC-P- 1-4 Family Residential Mortgage Banking Activities(Form Type-041) 45 Schedule RI-C Part II -Disaggregated Data on the Allowances for Credit Losses(Form Type- Schedule RC-Q-Assets and Liabilities Measured 041) 12 at Fair Value on a Recurring Basis(Form Type - 041) 45 Schedule RI-E-Explanations (Form Type- 041) 12 Schedule RC-R Part I-Regulatory Capital Components and Ratios(Form Type -041) 50 Schedule RC-Balance Sheet(Form Type- 041) 14 Schedule RC-R Part II-Risk-Weighted Assets(Form Type - 041) 54 Schedule RC-A-Cash and Balances Due From Depository Institutions(Form Type-041) 15 Schedule RC-S-Servicing Securitization and Asset Sale Activities(Form Type-041) 63 Schedule RC-B-Securities(Form Type-041) 16 Schedule RC-T-Fiduciary and Related Schedule RC-C Part I-Loans and Leases(Form Services(Form Type - 041) 65 Type - 041) 19 Schedule RC-V-Variable Interest Entities(Form Schedule RC-C Part II-Loans to Small Businesses Type - 041) 67 and Small Farms(Form Type-041) 23 Optional Narrative Statement Concerning the Schedule RC-D-Trading Assets and Liabilities(Form Amounts Reported in the Consolidated Reports Type - 041) 24 of Condition and Income(Form Type-041) 67 Schedule RC-E-Deposit Liabilities(Form Type- 041) 25 For information or assistance,national banks,state nonmember banks,and savings associations should contact the FDIC's Data Collection and Analysis Section,550 17th Street,NW,Washington,DC 20429,toll free on(800)688-FDIC(3342),Monday through Friday between 8:00 a.m.and 5:00 p.m.,Eastern Time.State member banks should contact their Federal Reserve District Bank. Board of Governors of the Federal Reserve System,Federal Deposit Insurance Corporation,Office of the Comptroller of the Currency Legend: NR-Not Reported,CONF-Confidential Primary Contact Secondary Contact CONF CONF Name(TEXT C366) Name(TEXT C371) CONF CONF Title(TEXT C367) Title(TEXT C372) CONF CONF E-mail Address(TEXT C368) E-mail Address(TEXT C373) CONF CONF Area Code/Phone Number/Extension(TEXT C369) Area Code/Phone Number/Extension(TEXT C374) CONF CONF Area Code/FAX Number(TEXT C370) Area Code/FAX Number(TEXT C375) USA PATRIOT Act Section 314(a) Anti-Money Laundering Contact Information This information is being requested to identify points-of-contact who are in charge of your bank's USA PATRIOT Act Section 314(a) information requests. Bank personnel listed could be contacted by law enforcement officers or the Financial Crimes Enforcement Network (FinCEN) for additional information related to specific Section 314(a) search requests or other anti-terrorist financing and anti- money laundering matters. Communications sent by FinCEN to the bank for purposes other than Section 314(a) notifications will state the intended purpose and should be directed to the appropriate bank personnel for review.Any disclosure of customer records to law enforcement officers or FinCEN must be done in compliance with applicable law, including the Right to Financial Privacy Act (12 U.S.C. 3401 et seq.). Please provide information for a primary and secondary contact. Information for a third and fourth contact may be provided at the bank's option. Enter"none"for the contact's e-mail address if not available.This contact information is for the confidential use of the Agencies, FinCEN, and law enforcement officers and will not be released to the public. Primary Contact Third Contact CONF CONF Name(TEXT C437) Name(TEXT C870) CONF CONF Title(TEXT C438) Title(TEXT C871) CONF CONF E-mail Address(TEXT C439) E-mail Address(TEXT C368) CONF CONF Area Code/Phone Number/Extension(TEXT C440) Area Code/Phone Number/Extension(TEXT C873) Secondary Contact Fourth Contact CONF CONF Name(TEXT C442) Name(TEXT C875) CONF CONF Title(TEXT C443) Title(TEXT C876) CONF CONF E-mail Address(TEXT C444) E-mail Address(TEXT C877) CONF CONF Area Code/Phone Number/Extension(TEXT 8902) Area Code/Phone Number!Extension(TEXT C878) CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 5 Schedule RI - Income Statement(Form Type - 041) Dollar amounts in thousands 1.interest income: -; 7:, a.Interest and fee income on loans: 1.Loans secured by real estate: r a.Loans secured by 1-4 family residential properties RIAD4435 11,842 1.a.1.a. b.All other loans secured by real estate RIAD4436 52,797 1.a.1.b. 2.Commercial and industrial loans RIAD4012 20,213 1.a.2. 3.Loans to individuals for household,family,and other personal expenditures: t.a.3. a.Credit cards RIADB485 1,033 1.a.3.a. b.Other(includes revolving credit plans other than credit cards,automobile loans,and other consumer RIADB466 10,880 1.a.3.b. loans) 4.Not applicable 1.a.4. 5.All other loans1 RIAD4058 4,376 1.a.5. 6.Total interest and fee income on loans(sum of items 1.a.(1)(a)through 1.a.(5)) RIAD4010 101,141 1.a.6. b.Income from lease financing receivables RIAD4065 0 1.b. c.Interest income on balances due from depository institutions2 RIAD4115 726 1.c. d.Interest and dividend income on securities: 1.d. 1.U.S.Treasury securities and U.S.Government agency obligations(excluding mortgage-backed securities). RIAD8488 2,354 1.d.1. 2.Mortgage-backed securities RIADB489 3,783 1.d.2. 3.All other securities(includes securities issued by states and political subdivisions in the U.S.) RIAD4060 626 1.d.3. e.Not applicable 1.e. f.Interest income on federal funds sold and securities purchased under agreements to resell RIAD4020 25 1.f. g.Other interest income RIAD4518 921 1.g. h.Total interest income(sum of items 1.a.(6)through 1.g) RIAD4107 109,576 1.h. 2.Interest expense: 2• a.Interest on deposits: 2.a. 1.Transaction accounts(interest-bearing demand deposits,NOW accounts,ATS accounts,and telephone RIAD4508 96 2.a.1. and preauthorized transfer accounts) 2.Nontransaction accounts: 2.a.2. a.Savings deposits(includes MMDA5) RIAD0093 2,498 2.a.2.a. b.Time deposits of$250,000 or less RIADHK03 1,515 2.a.2.b. c.Time deposits of more than$250,000 RIADHK04 445 2.a.2.c. b.Expense of federal funds purchased and securities sold under agreements to repurchase RIAD4180 92 2.b. c.Interest on trading liabilities and other borrowed money RIAD4185 364 z.c. d.Interest on subordinated notes and debentures RIAD4200 0 2.d. e.Total interest expense(sum of items 2.a through 2.d) RIAD4073 5,010 2.e. 3.Net interest income(item 1.h minus 2.e) RIAD4074 104,566 3. 4.Provision for loan and lease losses1 RIADJJ33 9,133 4. 5.Noninterest income: 5. a.Income from fiduciary activities 2 RIAD4070 0 5.a. b.Service charges on deposit accounts RIAD4080 10,073 5.b. c.Trading revenue3 RIADA220 0 5.c. d.Not available 5.d. 1.Fees and commissions from securities brokerage RIADC886 563 5.d.1. 2.Investment banking,advisory,and underwriting fees and commissions RIADC888 7 5.d.2. 1. Includes interest and fee income on"Loans to depository institutions and acceptances of other banks,'"Loans to fi nance agricultural production and other loans to farmers,'"Obligations(other than securities and leases)of states and political subdivisions in the U.S.,"and"Other loans." 2. Includes interest income on time certificates of deposit not held for trading. 1. Institutions that have adopted ASU 2016-13 should report the provisions for credit losses for all financial assets that fall within the scope of the standard in item 4. 2. For banks required to complete Schedule RC-T,items 14 through 22,income from fiduciary activities reported in Schedule RI,item 5.a,must equal the amount reported in Schedule RC-T,item 22. 3. For banks required to complete Schedule RI,Memorandum item 8,trading revenue reported in Schedule RI,item 5.c,must equal the sum of Memorandum items 8.a through 8.e. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 6 Dollar amounts in thousands 3.Fees and commissions from annuity sales RIADC887 400 5.d.3. 4.Underwriting income from insurance and reinsurance activities RIADC386 0 5.d.4. 5.Income from other insurance activities RIADC387 0 5.d.5. e.Venture capital revenue RIADB491 0 5.e. f.Net servicing fees RIADB492 -165 5.f. g.Net securitization income RIADB493 0 5.g. h.Not applicable 5.h. i.Net gains(losses)on sales of loans and leases RIAD5416 5,582 5.i. j.Net gains(losses)on sales of other real estate owned RIAD5415 -304 5.j. k.Net gains(losses)on sales of other assets3 RIADB496 201 5.k. I.Other noninterest income RIADB497 13,643 5.1. m.Total noninterest income(sum of items 5.a through 5.1) RIAD4079 30,000 5.m. 6.Not available 6. a.Realized gains(losses)on held-to-maturity securities RIAD3521 0 6.a. b.Realized gains(losses)on available-for-sale debt securities RIAD3196 -11 6.b. 7.Noninterest expense: 7. a.Salaries and employee benefits RIAD4135 35,333 7.a. b.Expenses of premises and fixed assets(net of rental income)(excluding salaries and employee benefits and RIAD4217 8,374 7.b. mortgage interest) c.Not available 7.c. 1.Goodwill impairment losses RIADC216 0 7.c.1. 2.Amortization expense and impairment losses for other intangible assets RIADC232 3,069 7.c.2. d.Other noninterest expense RIAD4092 29,382 7.d. e.Total noninterest expense(sum of items 7.a through 7.d) RIAD4093 76,158 7.e. 8.Not available 8• a.Income(loss)before change in net unrealized holding gains(losses)on equity securities not held for trading, RIADHT69 49,264 8.a. applicable income taxes,and discontinued operations(item 3 plus or minus items 4,5.m,6.a,6.b,and 7.e) b.Change in net unrealized holding gains(losses)on equity securities not held for trading4 RIADHT70 0 8.b. c.Income(loss)before applicable income taxes and discontinued operations(sum of items 8.a and 8.b) RIAD4301 49,264 8.c. 9.Applicable income taxes(on item 8.c) RIAD4302 10,978 9. 10.Income(loss)before discontinued operations(item 8.c minus item 9) RIAD4300 38,286 10. •11.Discontinued operations,net of applicable income taxes(Describe on Schedule RI-E-Explanations) RIADFT28 0 11. 12.Net income(loss)attributable to bank and noncontrolling(minority)interests(sum of items 10 and 11) RIADG104 38,286 12. 13.LESS:Net income(loss)attributable to noncontrolling(minority)interests(if net income,report as a positive value; RIADG103 0 13. if net loss,report as a negative value) 14.Net income(loss)attributable to bank(item 12 minus item 13) RIAD4340 38,286 14. 1.Interest expense incurred to carry tax-exempt securities,loans,and leases acquired after August 7,1986,that is RIAD4513 68 M.1. not deductible for federal income tax purposes Memorandum item 2 is to be completed by banks with$1 billion or more in total assets RIAD8431 651 M.2. 2.Income from the sale and servicing of mutual funds and annuities(included in Schedule RI,item 8)1 3.Income on tax-exempt loans and leases to states and political subdivisions in the U.S.(included in Schedule RI, RIAD4313 2,666 M.3. items 1.a and 1.b) 4.Income on tax-exempt securities issued by states and political subdivisions in the U.S.(included in Schedule RI, RIAD4507 425 M.a. item 1.d.(3)) 5.Number of full-time equivalent employees at end of current period(round to nearest whole number) RIAD4150 518 M.S. Memorandum item 6 is to be completed by: •banks with$300 million or more in total assets,and •banks with less than$300 million in total assets that have loans to finance agricultural product and other loans to farmers(Schedule RC-C,Part 1,item 3)exceeding 5 percent of total loans RIAD4024 657 M.6. 6.Interest and fee income on loans to finance agricultural production and other loans to farmers(included in Schedule RI,item 1.a.(5))1 3. Exclude net gains(losses)on sales of trading assets and held-to-maturity and available-for-sale debt securities. Describe on Schedule RI-E-Explanations Describe on Schedule RI-E-Explanations. 4. Item 8.b is to be completed by all institutions.See the instructions for this item and the Glossary entry for'Securities Activities"for further detail on accounting for investments in equity securities. 1. The asset size tests and the 5 percent of total loans test are based on the total assets and total loans reported in the June 30,2018,Report of Condition. 1. The asset size tests and the 5 percent of total loans test are based on the total assets and total loans reported in the June 30,2018,Report of Condition. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 7 Dollar amounts in thousands 7.If the reporting institution has applied pushdown accounting this calendar year,report the date of the institution's acquisition(see instructions)2 RIAD9106 0 M.7. 8.Not applicable M.8. Memorandum items 9.a and 9.6 are to be completed by banks with$10 billion or more in total assets. 9.Net gains(losses)recognized in earnings on credit derivatives that economically hedge credit exposures held outside M.9. the trading account:1 a.Net gains(losses)on credit derivatives held for trading RIADC889 NR M.9.a. b.Net gains(losses)on credit derivatives held for purposes other than trading RIADC890 NR M.9.b. Memorandum item 10 is to be completed by banks with$300 million or more in total assets. RIADA251 0 M.10. 10.Credit losses on derivatives(see instructions)1 11.Does the reporting bank have a Subchapter S election in effect for federal income tax purposes for the current tax RIADA530 No M.t t. year? Memorandum item 12 is to be completed by banks that are required to complete Schedule RC-C,Part 1,Memorandum items 8.b and 8.c and is to be completed semiannually in the June and December reports only. - 12.Noncash income from negative amortization on closed-end loans secured by 1-4 family residential properties RIADF228 NR M.12. (included in Schedule RI,item 1.a.(1)(a)) Memorandum item 13 is to be completed by banks that have elected to account for assets and liabilities under a fair value option. 13.Net gains(losses)recognized in earnings on assets and liabilities that are reported at fair value under a fair value M.13. option: a.Net gains(losses)on assets RIADF551 NR M.13.a. 1.Estimated net gains(losses)on loans attributable to changes in instrument-specific credit risk RIADF552 NR M.13.a.1. b.Net gains(losses)on liabilities RIADF553 NR M.13.b. 1.Estimated net gains(losses)on liabilities attributable to changes in instrument-specific credit risk RIADF554 NR M.13.b.1. 14.Other-than-temporary impairment losses on held-to-maturity and available-for-sale debt securities recognized in RIADJ321 0 M.14. earnings(included in Schedule RI,items 6.a and 6.b)2 Memorandum item 15 is to be completed by institutions with$1 billion or more in total assets that answered"Yes'to Schedule RC-E, Memorandum item 5. 15.Components of service charges on deposit accounts in domestic offices(sum of Memorandum items 15.a through M.15. 15.d must equal Schedule RI,item 5.b):1 a.Consumer overdraft-related service charges levied on those transaction account and nontransaction savings RIADH032 5,619 M.15.a. account deposit products intended primarily for individuals for personal,household,or family use b.Consumer account periodic maintenance charges levied on those transaction account and nontransaction RIADH033 1,296 M.15.b. savings account deposit products intended primarily for individuals for personal,household,or family use c.Consumer customer automated teller machine(ATM)fees levied on those transaction account and nontransaction RIADH034 233 M.15.c. savings account deposit products intended primarily for individuals for personal,household,or family use d.All other service charges on deposit accounts RIADH035 2,926 M.15.d. 2. Report the date in YYYYMMDD format.For example,a bank acquired on March 1,2020,would report 20200301. 1. The asset size tests and the 5 percent of total loans test are based on the total assets and total loans reported in the June 30,2018,Report of Condition. 1. The asset size tests and the 5 percent of total loans test are based on the total assets and total loans reported in the June 30,2018,Report of Condition. 2. Memorandum item 14 is to be completed only by institutions that have not adopted ASU 2016-13. 1. The$1 billion asset-size test is based on the total assets reported on the June 30,2018,Report of Condition. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 8 Schedule RI-A - Changes in Bank Equity Capital(Form Type - 041) Dollar amounts in thousands 1.Total bank equity capital most recently reported for the December 31,2019,Reports of Condition and Income(i.e., RIAD3217 351,375 1. after adjustments from amended Reports of Income) 2.Cumulative effect of changes in accounting principles and corrections of material accounting errors RIADB507 0 2. 3.Balance end of previous calendar year as restated(sum of items 1 and 2) RIADB508 351,375 3. 4.Net income(loss)attributable to bank(must equal Schedule RI,item 14) RIAD4340 38,286 4. 5.Sale,conversion,acquisition,or retirement of capital stock,net(excluding treasury stock transactions) RIADB509 0 5. 6.Treasury stock transactions,net RIADB510 0 6. 7.Changes incident to business combinations,net RIAD4356 114,554 7. 8.LESS:Cash dividends declared on preferred stock RIAD4470 0 8. 9.LESS:Cash dividends declared on common stock RIAD4460 3,100 9. 10.Other comprehensive incomes RIADB511 2,708 10. 11.Other transactions with stockholders(including a parent holding company)(not included in items 5,6,8,or 9 above)* RIAD4415 0 11. 12.Total bank equity capital end of current period(sum of items 3 through 11)(must equal Schedule RC,item 27.a) RIAD3210 503,823 12. Describe on Schedule RI-E—Explanations. 1. Includes,but is not limited to,changes In net unrealized holding gains(losses)on available-for-sale debt securities,changes in accumulated net gains(losses)on cash flow hedges,and pension and other postretirement plan-related changes other than net periodic benefit cost. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 9 Schedule RI-B Part I - Charge-offs and Recoveries on Loans-and Leases(Form Type - 041) Part I includes charge-offs and recoveries through the allocated transfer risk reserve. (Column A)Charge-offs (Column B)Recoveries Calendar Dollar amounts in thousands Calendar year-to-date year-to-date 1.Loans secured by real estate: • alitrc 1• .' a.Construction,land development,and other land loans: ?` _ p , W-1;-, 1.a. 1.1-4 family residential construction loans RIADC891 0 RIADC892 0 1.a.1. 2.Other construction loans and all land development and other land loans RIADC893 0 RIADC894 10 1.a.2. b.Secured by farmland RIAD3584 0 RIAD3585 0 1.b. c.Secured by 1-4 family residential properties: . y' r ^� 1.c. 1.Revolving,open-end loans secured by 1-4 family residential properties and extended RIAD5411 0 RIAD5412 14 1.c.1. under lines of credit 2.Closed-end loans secured by 1-4 family residential properties: r,; -- ,- e',,.,�•, 1•c.2• a.Secured by first liens RIADC234 0 RIADC217 3 1.c.2.a. b.Secured by junior liens RIADC235 0 RIADC218 9 1.c.2.b. d.Secured by multifamily(5 or more)residential properties RIAD3588 0 RIAD3589 0 1.d. e.Secured by nonfarm nonresidential properties t.e. 1.Loans secured by owner-occupied nonfarm nonresidential properties RIADC895 50 RIADC896 0 1.e.1. 2.Loans secured by other nonfarm nonresidential properties RIADC897 940 RIADC898 0 1.e.2. 2.Not applicable ' # .h 2. 3.Not applicable r .fit 1 i; r : " 1 1 3. 4.Commercial and industrial loans ,RIAD4638 465 RIAD4608 208 4. 5.Loans to individuals for household,family,and other personal expenditures: = " 5• a.Credit cards RIADB514 414 RIADB515 77 5.a. b.Automobile loans RIADK129 737 RIADK133 256 5.b. c.Other(includes revolving credit plans other than credit cards and other consumer RIADK205 1,489 RIADK206 378 5.c. loans) 6.Not applicable 6• 7.All other loans2 RIAD4644 97 RIAD4628 55 7. 8.Lease financing receivables RIAD4266 0 RIAD4267 0 8. 9.Total(sum of items 1 through 8) RIAD4635 4,192 RIAD4605 1,010 9. 1.Loans to finance commercial real estate,construction,and land development activities(not RIAD5409 50 RIAD5410 0 M.1. secured by real estate)included in Schedule RI-B,part I,items 4 and 7,above 2.Not available M.2. Memorandum items 2.a.through 2.d.are to be completed by banks with$300 million or more in total assets: a.Loans secured by real estate to non-U.S.addressees(domicile)(included in Schedule RIAD4652 0 RIAD4662 0 M.2.a. RI-B,part I,item 1,above)2 b.Not applicable M.2.b. c.Commercial and industrial loans to non-U.S.addressees(domicile)(included in Schedule RIAD4646 0 RIAD4618 0 M.2.c. RI-B,part I,item 4,above) d.Leases to individuals for household,family,and other personal expenditures(included RIADF185 0 RIADF187 0 M.2.d. in Schedule RI-B,part I,item 8,above) Memorandum item 3 are to be completed by: •banks with$300 million or more in total assets,and •banks with less than$300 million in total assets that have loans to finance agricultural production and other loans to farmers(Schedule RC-C,Part I,item 3)exceeding 5 percent of total loans: RIAD4655 6 RIAD4665 10 M.3. 3.Loans to finance agricultural production and other loans to farmers(included in Schedule RI-B,part I,item 7,above)2 • Dollar amounts in thousands Memorandum item 4 is to be completed by banks that(1)together with affiliated institutions,have outstanding credit card receivables(as defined in the instructions)that exceed$500 million as of the report date,or(2)am credit card specialty banks as defined for Uniform Bank Performance Report purposes. RIADC388 NR M.4. 4.Uncollectible retail credit card fees and finance charges reversed against income(i.e.,not included in charge-offs against the allowance for loan and lease losses)3 CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 10 Schedule RI-B Part II - Changes in Allowances for Credit Losses(Form Type - 041) (Column A)Loans and (Column B) (Column C) Leases Held for Held-to-maturity Debt Available-for-sale Debt Dollar amounts in thousands Investment Securities Securities 1.Balance most recently reported for the December 31,2019,Reports of Condition and Income(i.e.,after adjustments from amended Reports of RIADB522 19,031 RIADJH88 NR RIADJH94 NR 1. Income) 2.Recoveries(column A must equal Part I,item 9,column B,above) RIAD4605 1,010 RIADJH89 NR RIADJH95 NR 2. 3.LESS:Charge-offs(column A must equal Part I,item 9,column A,above RIADC079 4,192 RIADJH92 NR RIADJH98 NR 3. less Schedule RI-B,Part II,item 4,column A) 4.LESS:Write-downs arising from transfers of financial assets3 RIAD5523 0 RIADJJ00 NR RIADJJ01 NR 4. 5.Provisions for credit losses4 RIAD4230 9,133 RIADJH90 NR RIADJH96 NR 5. 6.Adjustments(see instructions for this schedule). RIADC233 609 RIADJH91 NR RIADJH97 NR 6. 7.Balance end of current period(sum of items 1,2,5,and 6,less items 3 and RIAD3123 25,591 RIADJH93 NR RIADJH99 NR 7. 4)(column A must equal Schedule RC,item 4.c) Dollar amounts in thousands 1.Allocated transfer risk reserve included in Schedule RI-8,Part II,item 7,column A,above RIADC435 NR M.1. Memorandum items 2 and 3 are to be completed by banks that(1)together with affiliated institutions,have outstanding credit card receivables(as defined in the instructions)that exceed S500 million as of the report date,or(2)are credit card specialty banks as defined RIADC389 NR M.2. for Uniform Bank Performance Report purposes. 2.Separate valuation allowance for uncollectible retail credit card fees and finance charges 3.Amount of allowance for loan and lease losses attributable to retail credit card fees and finance charges1 RIADC390 NR M.3. 4.Amount of allowance for post-acquisition credit losses on purchased credit-impaired loans accounted for in accordance with FASB ASC 310-30(former AICPA Statement of Position 03-3)(included in Schedule RI-B,Part II,item 7,column RIADC781 0 M.4. A, above)2 5.Provisions for credit losses on other financial assets measured at amortized cost(not included in item 5,above)3 RIADJJ02 NR M.5. 6.Allowance for credit losses on other financial assets measured at amortized cost(not included in item 7,above)3 RCONJJ03 NR M.6. 2. Includes charge-offs and recoveries on"Loans to finance agricultural production and other loans to farmers,""Obligations(other than securities and leases)of states and political subdivisions in the U.S.;and°Loans to nondepository financial institutions and other loans.' 2. The$300 million asset size test and the 5 percent of total loans test are based on the total assets and total loans reported on the June 30,2018,Report of Condition. 2. The$300 million asset size test and the 5 percent of total loans test are based on the total assets and total loans reported on the June 30,2018,Report of Condition. 3. Institutions that have adopted ASU 2016-13 should report in Memorandum item 4 uncollectible retail credit card fees and finance charges reversed against income(i.e.not included in charge-offs against the allowance for credit losses on loans and leases). 3. Institutions that have not yet adopted ASU 2016-13 should report write-downs arising from transfers of loans to a held-for-sale account in item 4,column A. 4. Institutions that have not yet adopted ASU 2016-13 should report the provision for loan and lease losses in item 5,column A and the amount reported must equal Schedule RI,item 4. Describe on Schedule RI-E-Explanations. 1. Institutions that have adopted ASU 2016-13 should report in Memorandum item 3 the amount of allowance for credit losses on loans and leases attributable to retail credit card fees and finance charges. 2. Memorandum item 4 is to be completed only by institutions that have not yet adopted ASU 2016-13. 3. Memorandum items 5 and 6 are to be completed only by institutions that have adopted ASU 2016-13. 3. Memorandum items 5 and 6 are to be completed only by institutions that have adopted ASU 2016-13. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 11 Schedule RI-C Part I - Disaggregated Data on the Allowance for Loan and Lease Losses(Form Type - 041) Schedule RI-C is to be completed by institutions with$1 billion or more in total assets (Column A) (Column B) (Column C) (Column D) (Column E) (Column F) Recorded Allowance Balance: Recorded Allowance Balance: Recorded Allowance Balance: Investment: Individually Investment: Collectively Investment: Purchased Individually Evaluated for Collectively Evaluated for Purchased Credit-Impaired Evaluated for Impairment and Evaluated for Impairment(ASC Credit-Impaired Loans(ASC 310.30) Impairment and Determined to be Impairment(ASC 450-20) Loans(ASC 310-30) Determined to be Impaired(ASC 450-20) Impaired(ASC 310.10-35) Dollar amounts in thousands 310-10-35) 1. 1.Real estate loans: RCONM708 RCONM709 RCONM710 RCONM711 RCONM712 RCONM713 1 a a.Construction loans 0 0 171,019 2,405 0 0 RCONM714 RCONM715 RCONM716 RCONM717 RCONM719 RCONM720 1 b b.Commercial real estate loans 1,986 0 943,323 10,532 9,253 0 RCONM721 RCONM722 RCONM723 RCONM724 RCONM725 RCONM726 1 c c.Residential real estate loans 0 0 204,412 1,452 2,030 0 RCONM727 RCONM728 RCONM729 RCONM730 RCONM731 RCONM732 2.Commercial loans3 373 0 625,392 6,879 0 0 2' RCONM733 RCONM734 RCONM735 RCONM736 RCONM737 RCONM738 3.Credit cards 0 0 9,973 444 0 0 3. RCONM739 RCONM740 RCONM741 RCONM742 RCONM743 RCONM744 4.Other consumer loans 0 0 179,465 3,266 0 0 4. RCONM745 5 5.Unallocated,if any 613 RCONM746 RCONM747 RCONM748 RCONM749 RCONM750 RCONM751 6.Total(for each column,sum of items 1.a through 5)4 2,359 0 2,133,584 25,591 11,283 0 6' 3. Include all loans and leases not reported as real estate loans,credit cards,or other consumer loans in items 1,3,or 4 of Schedule RI-C. 4. The sum of item 6,columns B,D,and F,must equal Schedule RC,item 4.c.Item 6,column E,must equal Schedule RC-C,Part I,Memorandum item 7.b.Item 6,column F,must equal Schedule RI-B,Part II,Memorandum item 4. ' CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 12 Schedule RI-C Part II - Disaggregated Data on the Allowances for Credit Losses(Form Type - 041) Dollar amounts in thousands (Column A)Amortized Cost (Column B)Allowance Balance 1.Real estate loans: r; .; ` :;: 1. a.Construction loans RCONJJ04 NR RCONJJI2 NR 1.a. b.Commercial real estate loans RCONJJ05 NR RCONJJ13 NR t.b. c.Residential real estate loans RCONJJ06 NR RCONJJ14 NR I.c. 2.Commercial loans3 RCONJJ07 NR RCONJJ15 NR 2. 3.Credit cards RCONJJ08 NR RCONJJ16 NR 3. 4.Other consumer loans RCONJJ09 NR RCONJJI7 NR 4. 5.Unallocated RCONJJ18 NR 5. 6.Total(sum of items 1.a.through 5) RCONJJI1 NR RCONJJI9 NR 6. Dollar amounts in thousands 7.Securities issued by states and political subdivisions in the U.S RCONJJ20 NR 7. 8.Total mortgage-backed securities(MBS)(including CMOs,REMICs and stripped MBS) RCONJJ21 NR 8. 9.Asset-backed securities and structured financial products RCONJJ23 NR 9. 10.Other debt securities RCONJJ24 NR t0. 11.Total(sum of items 7 through 10)5 RCONJJ25 NR 11. Schedule RI-E - Explanations (Form Type - 041) Schedule RI-E is to be completed each quarter on a calendar year-to-date basis. Detail all adjustments in Schedule RI-A and RI-B,all extraordinary items and other adjustments in Schedule RI,and all significant items of other noninterest income and other noninterest expense in Schedule RI.(See instructions for details.) Dollar amounts in thousands .1.Other noninterest income(from Schedule RI,item 5.1)Itemize and describe amounts greater than$100,000 that 1 exceed 7 percent of Schedule RI,item 5.1: a.Income and fees from the printing and sale of checks RIADC013 NR 1.a. b.Earnings on/increase in value of cash surrender value of life insurance RIADC014 NR 1.b. c.Income and fees from automated teller machines(ATMs) RIADC016 NR 1.c. d.Rent and other income from other real estate owned RIAD4042 NR 1.d. e.Safe deposit box rent RIADC015 NR i.e. f.Bank card and credit card interchange fees RIADF555 8,056 1.f. g.Income and fees from wire transfers RIADT047 NR 1.g. h.Disclose component and the dollar amount of that component t h. (TEXT4461)Other Cardholder Operations RIAD4461 1,553 t.h.1. i.Disclose component and the dollar amount of that component: _° 1•• I(TEXT4462)NR RIAD4462 NR 1.i.1. j.Disclose component and the dollar amount of that component: , 1.1. (TEXT4463)NR RIAD4463 NR 1.j.1. 2.Other noninterest expense(from Schedule RI,item 7.d)Itemize and describe amounts greater than$100,000 that a 2 exceed 7 percent of Schedule RI,item 7.d: a.Data processing expenses RIADC017 2,464 2.a. b.Advertising and marketing expenses RIAD0497 2,234 2.b. c.Directors'fees RIAD4136 NR 2.c. d.Printing,stationery,and supplies RIADC018 NR 2.d. e.Postage RIAD8403 NR 2.e. 3. Include all loans and leases not reported as real estate loans,credit cards,or other consumer loans in items 1,3,or 4 of Schedule RI-C,Part II. 5. Item 11 must equal Schedule RI-B,Part II,item 7,column B. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 13 Dollar amounts in thousands f.Legal fees and expenses RIAD4141 NR 2.f. g.FDIC deposit insurance assessments RIAD4146 CONF 2.g. h.Accounting and auditing expenses RIADF556 NR 2.h. i.Consulting and advisory expenses RIADF557 2,494 2.i. j.Automated teller machine(ATM)and interchange expenses RIADF558 NR 2.j. k.Telecommunications expenses RIADF559 NR 2.k. I.Other real estate owned expenses RIADY923 NR 2.I. m.Insurance expenses(not included in employee expenses,premises and fixed asset expenses,and other real RIADY924 NR 2.m. estate owned expenses) n.Disclose component and the dollar amount of that component: rx °+vr `a 2.n. (TEXT4464)Bank Card Expenses RIAD4464 5,612 2.n.1. o.Disclose component and the dollar amount of that component: ' _ . -. 2.0• (TEXT4467)Inter-Company Operations RIAD4467 � 5,336 2.0.1. p.Disclose component and the dollar amount of that component: (TEXT4468)Inter-Company Loan Servicing RIAD4468 2,525 2.p.1. 3.Discontinued operations and applicable income tax effect(from Schedule RI,item 11)(itemize and describe each discontinued operation): a.Disclose component,the gross dollar amount of that component,and its related income tax: (TEXTFT29)NR RIADFT29 0 3.a.1. 3.Applicable income tax effect RIADFT30 0 3.a.3. b.Disclose component,the gross dollar amount of that component,and its related income tax: 3.b. (TEXTFT31)NR RIADFT31 0 3.b.1. 3.Applicable income tax effect RIADFT32 0 3.b.3. 4.Cumulative effect of changes in accounting principles and corrections of material accounting errors(from Schedule RI-A,item 2)(itemize and describe all such effects): t 4' a.Effect of adoption of Current Expected Credit Losses Methodology-ASU 2016-131 RIADJJ26 NR 4.a. b.Effect of adoption of lease accounting standard-ASC Topic 842 RIADKWI7 0 4.b. c.Disclose component and the dollar amount of that component: #+ r' 4.c. (ITEXTB526)NR RIADB526 0 4.c.1. d.Disclose component and the dollar amount of that component: 4.d. (TEXTB527)NR RIADB527 0 4.d.1. 5.Other transactions with stockholders(including a parent holding company)(from Schedule RI-A,item 11)(itemize as and describe all such transactions): a.Disclose component and the dollar amount of that component: 5.a. (TEXT4498)NR RIAD4498 0 5.a.1. b.Disclose component and the dollar amount of that component: (TEXT4499)NR RIAD4499 0 5.b.1. 6.Adjustments to allowance for loan and lease losses(from Schedule RI-B,part II,item 6)(itemize and describe all s. adjustments): a.Initial allowances for credit losses recognized upon the acquisition of purchased credit-deteriorated assets on or after the effective date of ASU 2016-131 RIADJJ27 NR 6.a. b.Effect of adoption of current expected credit losses methodology on allowances for credit losses1 RIADJJ28 NR 6.b. z,„�„ ? k 6.c. c.Disclose component and the dollar amount of that component: (TEXT4521)Platte Valley Bank purchase reserve RIAD4521 609 6.c.1. d.Disclose component and the dollar amount of that component: i s � > 6.d. (TEXT4522)NR RIAD4522 0 6.d.1. 7.Other explanations(the space below is provided for the bank to briefly describe,at its option,any other significant . * ' , {,, 7 items affecting the Report of Income): ra r • a.Comments? RIAD4769 No 7.a. b.Other explanations TEXT4769 NR 7.b. 1. Only institutions that have adopted ASU 2016-13 should report amounts in items 4.a,6.a and 6.b,if applicable. 1. Only institutions that have adopted ASU 2016-13 should report amounts in items 4.a,6.a and 6.b,if applicable. 1. Only institutions that have adopted ASU 2016-13 should report amounts in items 4.a,6.a and 6.b,if applicable. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 14 Schedule RC - Balance Sheet(Form Type - 041) All schedules are to be reported in thousands of dollars.Unless otherwise indicated,report the amount outstanding as of the last business day of the quarter. Dollar amounts in thousands 1.Cash and balances due from depository institutions(from Schedule RC-A): 1 a.Noninterest-bearing balances and currency and coins RCON0081 32,123 1.a. b.Interest-bearing balances2 RCON0071 295,136 1.b. 2.Securities: A" 2. a.Held-to-maturity securities(from Schedule RC-B,column A)3 RCONJJ34 4,532 2.a. b.Available-for-sale debt securities(from Schedule RC-B,column D) RCON1773 870,083 2.b. c.Equity securities with readily determinable fair values not held for trading4 RCONJA22 0 2.c. 3.Federal funds sold and securities purchased under agreements to resell: 3. a.Federal funds sold .RCONB987 12,286 3.a. b.Securities purchased under agreements to resells RCONB989 0 3.b. 4.Loans and lease financing receivables(from Schedule RC-C): 4• a.Loans and leases held for sale RCON5369 4,177 4.a. b.Loans and leases held for investment RCONB528 2,149,700 4.b. c.LESS:Allowance for loan and lease losses RCON3123 25,591 4.c. d.Loans and leases held for investment,net of allowance(item 4.b minus 4.c)7 RCONB529 2,124,109 4.d. 5.Trading assets(from Schedule RC-D) RCON3545 - 0 5. 6.Premises and fixed assets(including capitalized leases) RCON2145 58,961 6. 7.Other real estate owned(from Schedule RC-M) RCON2150 4,857 7. 8.Investments in unconsolidated subsidiaries and associated companies RCON2130 0 8. 9.Direct and indirect investments in real estate ventures RCON3656 0 9. 10.Intangible assets(from Schedule RC-M) RCON2143 218,950 10. 11.Other assets(from Schedule RC-F)6 RCON2160 62,999 11. 12.Total assets(sum of items 1 through 11) RCON2170 3,688,213 12. • 13. 13.Deposits: a.In domestic offices(sum of totals of columns A and C from Schedule RC-E) RCON2200 3,033,564 13.a. 1.Noninterest-bearing RCON6631 1,197,097 13.a.1. 2.Interest-bearing RCON6636 1,836,467 13.a.2. b.Not applicable 13.b. 14.Federal funds purchased and securities sold under agreements to repurchase: 14. a.Federal funds purchased9 RCONB993 0 14.a. b.Securities sold under agreements to repurchase10 RCONB995 36,748 14.b. 15.Trading liabilities(from Schedule RC-D) RCON3548 0 15. 16.Other borrowed money(includes mortgage indebtedness and obligations under capitalized leases)(from Schedule RCON3190 96,000 16. RC-M) • 17.Not applicable 17. 18.Not applicable ' • 18. 19.Subordinated notes and debenture? RCON3200 0 19. 20.Other liabilities(from Schedule RC-G) RCON2930 18,078 20. 21.Total liabilities(sum of items 13 through 20) RCON2948 3,184,390 z1. 1. Includes cash items in process of collection and unposted debits. 2. Includes time certificates of deposit not held for trading. 3. Institutions that have adopted ASU 2016-13 should report in item 2.a,amounts net of any applicable allowance for credit losses,and should equal to Schedule RC-B,item 8,column A less Schedule RI-B,Part II,item 7,column B. 4. Item 2.c is to be completed by all institutions.See the instructions for this item and the Glossary entry for"Securities Activities"for further detail on accounting for investments in equity securities. 5. Includes all securities resale agreements,regardless of maturity. 7. Institutions that have adopted ASU 2016-13 should report in item 4.c the allowance for credit losses on loans and leases. 6. Institutions that have adopted ASU 2016-13 should report in items 3.b and 11 amounts net of any applicable allowance for credit losses. 8. Includes noninterest-bearing demand,time,and savings deposits. 9. Report overnight Federal Home Loan Bank advances in Schedule RC,item 16,'Other borrowed money.' 10. Includes all securities repurchase agreements,regardless of maturity. 8. Includes limited-life preferred stock and related surplus. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 15 Dollar amounts in thousands 22.Not applicable 22. 23.Perpetual preferred stock and related surplus RCON3838 0 23. 24.Common stock RCON3230 750 24. 25.Surplus(exclude all surplus related to preferred stock) RCON3839 409,208 25. 26.Not available 26. a.Retained earnings RCON3632 90,715 26.a. b.Accumulated other comprehensive incomes RCONB530 3,150 26.b. c.Other equity capital components2 RCONA130 0 26.c. 27.Not available 27. a.Total bank equity capital(sum of items 23 through 26.c) RCON3210 503,823 27.a. b.Noncontrolling(minority)interests in consolidated subsidiaries RCON3000 0 27.b. 28.Total equity capital(sum of items 27.a and 27.b) RCONG105 503,823 28. 29.Total liabilities and equity capital(sum of items 21 and 28) RCON3300 3,688,213 29. 1.Indicate in the box at the right the number of the statement below that best describes the most comprehensive level RCON6724 NR M.1. of auditing work performed for the bank by independent external auditors as of any date during 2019 2.Bank's fiscal year-end date(report the date in MMDD format) RCON8678 NR M.2. Schedule RC-A - Cash and Balances Due From Depository Institutions(Form Type - 041) Schedule RC-A is to be completed only by banks with$300 million or more in total assets. Exclude assets held for trading. Dollar amounts in thousands 1.Cash items in process of collection,unposted debits,and currency and coin: 1. a.Cash items in process of collection and unposted debits RCON0020 18,661 1.a. b.Currency and coin RCON0080 12,499 t.b. 2.Balances due from depository institutions in the U.S RCON0082 3,887 2. 3.Balances due from banks in foreign countries and foreign central banks RCON0070 0 3. 4.Balances due from Federal Reserve Banks RCON0090 292,212 4. 5.Total RCON0010 327,259 5. 1. Includes,but is not limited to,net unrealized holding gains(losses)on available-for-sale securities,accumulated net gains(losses)on cash flow hedges,and accumulated defined benefit pension and other postretirement plan adjustments. 2. Includes treasury stock and unearned Employee Stock Ownership Plan shams. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 16 Schedule RC-B - Securities(Form Type - 041) Exclude assets held for trading. (Column A) (Column B) (Column C) (Column D) Held-to-maturity Held-to-maturity Fair Available-for-sale Available-for-sale Fair Dollar amounts in thousands Amortized Cost Value Amortized Cost Value 1.U.S.Treasury securities RCON0211 0 RCON0213 0 RCON1286 245,856 RC0N1287 245,984 1. 2.U.S.Government agency and sponsored agency obligations RCONHT50 0 RCONFfT51 0 RCONHT52 275,413 RCONHT53 275,559 2. (exclude mortgage-backed securities)1 3.Securities issued by states and political subdivisions in the RCON8496 4,459 RCON8497 4,512 RCON8498 18,053 RCON8499 18,199 3. U.S 4.Mortgage-backed securities(MBS): a.Residential mortgage pass-through securities: • "` a.a. 1.Guaranteed by GNMA RCONG300 0 RCONG301 0 RCONG302 7,433 RCONG303 7,670 4a1. 2.Issued by FNMA and FHLMC RCONG304 73 RCONG305 73 RCONG306 123,686 RCONG307 126,517 4a2 3.Other pass-through securities RCONG308 0 RCONG309 0 RCONG310 0 RCONG311 0 4a3. b.Other residential mortgage-backed securities(include CMOs, , 4.b. REMICs,and stripped MBS): , 1.Issued or guaranteed by U.S.Government agencies or RCONG312 0 RCONG313 0 RCONG314 184,236 RCONG315 184,696 4111. sponsored agencies1 2.Collateralized by MBS issued or guaranteed by U.S. RCONG316 0 RCONG317 0 RCONG318 0 RCONG319 0 4.62. Government agencies or sponsored agencies1 3.All other residential MBS RCONG320 0 RCONG321 0 RCONG322 0 RCONG323 0 4.0. c.Commercial MBS: 4•c• 1.Commercial mortgage pass-through securities: 4.c.1. a.Issued or guaranteed by FNMA,FHLMC,or RCONK142 0 RC0NK143 0 RCONK144 11,270 RCONK145 11,458 4c1a GNMA b.Other pass-through securities RCONK146 0 RCONK147 0 RCONK148 0 RCONK149 0 4c1h 2.Other commercial MBS: 4.c2.a.Issued or guaranteed by U.S.Government RCONK150 0 RCONK151 0 RCONK152 0 RCONK153 0 4c2a agencies or sponsored agencies1 b.All other commercial MBS RCONK154 0 RCONK155 0 RCONK156 0 RCONK157 0 4c2h 5.Asset-backed securities and structured financial products: 5. a.Asset-backed securities(ABS) RCONCO26 0 RCONC988 0 RCONC989 0 RCONCO27 0 5.a. b.Structured financial products RCONHT58 0 RCONHT59 0 RCONHT60 0 RCONHT61 0 5.b. 6.Other debt securities: 6. a.Other domestic debt securities RCON1737 0 RCON1738 0 RCON1739 0 RCON1741 0 6.a. b.Other foreign debt securities RCON1742 0 RCON1743 0 RC0N1744 0 RCON1746 0 6.b. . 7.Not applicable. 7. 8.Total(sum of items 1 through 6.b)2 RC0N1754 4,532 RCON1771 4,585 RCON1772 865,947 RCON1773 870,083 8. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 • Report Date 12/31/2020 Last Updated on 1/27/2021 17 Dollar amounts in thousands 1.Pledged securities RCON0416 440,114 M.1. 2.Maturity and repricing data for debt securities(excluding those in nonaccrual status):1 M'2' a.Securities issued by the U.S.Treasury,U.S.Government agencies,and states and political subdivisions in the U.S.;other non-mortgage debt securities;and mortgage pass-through securities other than those backed by M.2.a. closed-end first lien 1-4 family residential mortgages with a remaining maturity or next repricing date of:2 1.Three months or less RCONA549 144,927 M.2.a.1. 2.Over three months through 12 months RCONA550 121,368 M.2.a.2. 3.Over one year through three years RCONA551 197,412 M.2.a.3. 4.Over three years through five years RCONA552 70,186 M.2.a.4. 5.Over five years through 15 years RCONA553 21,767 M.2.a.5. 6.Over 15 years RCONA554 0 M.2.a.6. b.Mortgage pass-through securities backed by closed-end first lien 1-4 family residential mortgages with a M.2.b. remaining maturity or next repricing date of:2 1.Three months or less RCONA555 1,164 M.2.b.1. 2.Over three months through 12 months RCONA556 16,602 M.2.b.2. 3.Over one year through three years RCONA557 2,956 M.2.b.3. 4.Over three years through five years RCONA558 4,790 M.2.b.4. 5.Over five years through 15 years RCONA559 105,916 M.2.b.5. 6.Over 15 years RCONA560 2,832 M.2.b.6. c.Other mortgage-backed securities(include CMOs,REMICs,and stripped MBS;exclude mortgage pass-through M.2.c. securities)with an expected average life of:5 1.Three years or less RCONA561 112,967 M.2.c.1. 2.Over three years RCONA562 71,728 M.2.c.2. d.Debt securities with a REMAINING MATURITY of one year or less(included in Memorandum items 2.a through RCONA248 230,041 M.2.d. 2.c above) Memorandum item 3 is to be completed semiannually in the June and December reports only. 3.Amortized cost of held-to-maturity securities sold or transferred to available-for-sale or trading securities during the RCON1778 0 M.3. calendar year-to-date(report the amortized cost at date of sale or transfer) 4.Structured notes(included in the held-to-maturity and available-for-sale accounts in Schedule RC-B,items 2,3,5, and 6): M.4. a.Amortized cost RCON8782 0 M.4.a. b.Fair value RCON8783 0 M.4.b. 1. Includes Small Business Administration"Guaranteed Loan Pool Certificates';U.S.Maritime Administration obligations;Export-Import Bank participation certificates;and obligations(other than mortgage-backed securities)issued by the Farm Credit System,the Federal Home Loan Bank System,the Federal Home Loan Mortgage Corporation,the Federal National Mortgage Association, the Financing Corporation,Resolution Funding Corporation,the Student Loan Marketing Association,and the Tennessee Valley Authority. 1. U.S.Government agencies include,but are not limited to,such agencies as the Government National Mortgage Association(GNMA),the Federal Deposit Insurance Corporation(FDIC),and the National Credit Union Administration(NCUA).U.S.Government-sponsored agencies include,but are not limited to,such agencies as the Federal Home Loan Mortgage Corporation(FHLMC) and the Federal National Mortgage Association(FNMA). 1. U.S.Government agencies include,but are not limited to,such agencies as the Government National Mortgage Association(GNMA),the Federal Deposit Insurance Corporation(FDIC),and the National Credit Union Administration(NCUA).U.S.Government-sponsored agencies include,but are not limited to,such agencies as the Federal Home Loan Mortgage Corporation(FHLMC) and the Federal National Mortgage Association(FNMA). 2. For institutions that have adopted ASU 2016-13,the total reported in column A must equal Schedule RC,item 2.a,plus Schedule RI-B,Part II,item 7,column B.For institutions that have not adopted ASU 2016-13,the total reported in column A must equal Schedule RC,item 2.a.For all institutions,the total reported in column D must equal Schedule RC,item 2.b. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 18 (Column A) (Column B) (Column C) (Column D) Held-to-maturity Held-to-maturity Fair Available-for-sale Available-for-sale Fair Dollar amounts in thousands Amortized Cost Value Amortized Cost Value Memorandum items 5.a through 5.fare to be completed by banks with$10 +` v , 2- {•v w` billion or mom in total assets f, ,,,s - 5.Asset-backed securities(ABS)(for each column,sum of art 4 z t r g Yz - ': ,, ,, M.S. Memorandum items 5.a through 5.f must equal Schedule RC-B, . ,,> i gar 7 item 5.a):1 Y 9 .. a..... .. a.Credit card receivables RCONB838 NR RCONB839 NR RCONB840 NR RCONB841 NR Msa b.Home equity lines RCONB842 NR RCONB843 NR RCONB844 NR RCONB845 NR MI c.Automobile loans RCONB846 NR RCONB847 NR RCONB848 NR RCONB849 NR MS.c d.Other consumer loans RCONB850 NR RCONB851 NR RCONB852 NR RCONRR63 NR M511. e.Commercial and industrial loans RCONB854 NR RCONB855 NR RCONB856 NR RCONB857 NR Mae f.Other RCONB858 NR RCONB859 NR RCONB860 NR RCONB861 NR M5.f. Memorandum items 6.a through 6.g am to be completed by banks with$10 " billion or mom in total assetsa ; c 6.Structured financial products by underlying collateral or reference eL,iE M.6. assets(for each column,sum of Memorandum items 6.a through " - s 6.g must equal Schedule RC-B,item 5.b):1 , • • a.Trust preferred securities issued by financial institutions RCONG348 NR RCONG349 NR RCONG350 NR RCONG351 NR M6a b.Trust preferred securities issued by real estate investment RCONG352 NR RCONG353 NR RCONG354 NR RCONG355 NR Msh trusts c.Corporate and similar loans RCONG356 NR RCONG357 NR RCONG358 NR RCONG359 NR M6c d.1 4 family residential MBS issued or guaranteed by U.S. RCONG360 NR RCONG361 NR RCONG362 NR RCONG363 NR Msd. government-sponsored enterprises(GSEs) e.1-4 family residential MBS not issued or guaranteed by RCONG364 NR RCONG365 NR RCONG366 NR RCONG367 NR Mfia GSEs f.Diversified(mixed)pools of structured financial products RCONG368 NR RCONG369 NR RCONG370 NR RCONG371 NR met g.Other collateral or reference assets RCONG372 NR RCONG373 NR RCONG374 NR RCONG375 NR M6g 1. Includes held-to-maturity securities at amortized cost,available-for-sale debt securities at fair value,and equity securities with readily determinable fair values not held for trading(reported in Schedule RC,item 2.c)at fair value. 1. Includes held-to-maturity securities at amortized cost,available-for-sale debt securities at fair value,and equity securities with readily determinable fair values not held for trading(reported in Schedule RC,item 2.c)at fair value. 2. Report fixed-rate debt securities by remaining maturity and floating-rate debt securities by next repricing date. 2. Report fixed-rate debt securities by remaining maturity and floating-rate debt securities by next repricing date. 5. Sum of Memorandum items 2.c.(1)and 2.c.(2)plus any nonaccrual"Other mortgage-backed securities"included in Schedule RC-N,item 10,column C,must equal Schedule RC-B,sum of items 4.b and 4.c.(2),columns A and D. 1. The$10 billion asset size test is based on the total assets reported on the June 30,2018,Report of Condition. 1. The$10 billion asset size test is based on the total assets reported on the June 30,2018,Report of Condition. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 19 Schedule RC-C Part I - Loans and Leases(Form Type - 041) Do not deduct the allowance for loan and lease losses or the allocated transfer risk reserve from amounts reported in this schedule.Report(1)loans and leases held for sale at the lower of cost or fair value,(2)loans and leases held for investment,net of unearned income,and(3)loans and leases accounted for at fair value under a fair value option.Exclude assets held for trading and commercial paper. (Column A)To Be Completed by(Column B)To Be Completed by Banks with 5300 Million or More All Banks Dollar amounts in thousands in Total Assets 1.Loans secured by real estate: a.Construction,land development,and other land loans: 1.a. 1.1-4 family residential construction loans RCONF158 66,230 1.a.1. 2.Other construction loans and all land development and other land loans RCONF159 104,007 1.a.2. b.Secured by farmland(including farm residential and other improvements) RCON1420 59,091 1.b. c.Secured by 1-4 family residential properties: 1 c 1.Revolving,open-end loans secured by 1-4 family residential properties and extended RCON1797 50,779 1.a.1. under lines of credit 2.Closed-end loans secured by 1-4 family residential properties: 1.c.2. a.Secured by first liens RCON5367 159,239 1 c 2.a. b.Secured by junior liens RCON5368 6,120 1.c.2.b. d.Secured by multifamily(5 or more)residential properties RCON1460 105,670 1.d. e.Secured by nonfarm nonresidential properties: 1.e. 1.Loans secured by owner-occupied nonfarm nonresidential properties RCONF160 316,661 1.e.1. 2.Loans secured by other nonfarm nonresidential properties RCONF161 473,938 1.e.2. 2.Loans to depository institutions and acceptances of other banks RCON1288 NR 2. a.To commercial banks in the U.S RCONB531 0 2.a. b.To other depository institutions in the U.S RCONB534 0 2.b. c.To banks in foreign countries RCONB535 0 2.c. 3.Loans to finance agricultural production and other loans to farmers RCON1590 5,461 3. 4.Commercial and industrial loans RCON1766 490,671 4. a.To U.S.addressees(domicile) RCON1763 490,671 4.a. b.To non-U.S.addressees(domicile) RCON1764 0 4.b. 5.Not applicable 5. 6.Loans to individuals for household,family,and other personal expenditures(i.e.,consumer 6. loans)(includes purchased paper): a.Credit cards RCONB538 10,065 6.a. b.Other revolving credit plans RCONB539 5,606 6.b. c.Automobile loans RCONK137 66,461 6.c. d.Other consumer loans(includes single payment and installment loans other than RCONK207 107,398 6.d. automobile loans and all student loans) 7.Not applicable 7. 8.Obligations(other than securities and leases)of states and political subdivisions in the U.S RCON2107 92,749 8. 9.Loans to nondepository financial institutions and other loans: 9. a.Loans to nondepository financial institutions RCONJ454 32,045 9.a. b.Other loans RCONJ464 8,858 9.b. 1.Loans for purchasing or carrying securities(secured and unsecured) RCON1545 0 9.b.1. 2.All other loans(exclude consumer loans) RCONJ451 8,858 9.b.2. 10.Lease financing receivables(net of unearned income) RCON2165 0 10. a.Leases to individuals for household,family,and other personal expenditures(i.e., RCONF162 0 10.a. consumer leases) b.All other leases I RCONF163 0 10.b. 11.LESS:Any unearned income on loans reflected in items 1-9 above RCON2123 7,172 11. 12.Total loans and leases held for investment and held for sale(sum of items 1 through 10 RCON2122 2,153,877 12. minus item 11)(must equal Schedule RC,sum of items 4.a and 4.b) CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 . Report Date 12/31/2020 Last Updated on 1/27/2021 20 Dollar amounts in thousands 1.Loans restructured in troubled debt restructurings that are in compliance with their modified terms(included in Schedule RC-C,part 1,and not reported as past due or nonaccrual in Schedule RC-N,Memorandum item 1): yu,,0„`;< M'1. a.Construction,land development,and other land loans: e ` M.t.a. 1.1-4 family residential construction loans RCONK158 0 M.1.a.1. 2.Other construction loans and all land development and other land loans RCONK159 0 M.1.a.2. b.Loans secured by 1-4 family residential properties RCONF576 2,301 M.1.b. c.Secured by multifamily(5 or more)residential properties RCONK160 0 M.1.c. d.Secured by nonfarm nonresidential properties: M.1.d. 1.Loans secured by owner-occupied nonfarm nonresidential properties RCONK161 0 M.1.d.i. 2.Loans secured by other nonfarm nonresidential properties RCONK162 16 M.1.d.2. e.Commercial and industrial loans RCONK256 0 M.1.e. Memorandum items 1.e.(1)and(2)am to be completed by banks with$300 million or more in total assets(sum of Memorandum items 1.e(1)and(2)must equal Memorandum item 1.e): RCONK163 0 M.1.e.1. 1.To U.S.addressees(domicile) 2.To non-U.S.addressees(domicile) RCONK164 0 M.1.e.2. f.All other loans(include loans to individuals for household,family,and other personal expenditures) RCONK165 0 M.1.f. 1.Loans secured by farmland RCONK166 0 M.111. 2.Not applicable M.1.f.2. 3.Not applicable M.1.f.3. 4.Loans to individuals for household,family,and other personal expenditures: M.1.f.4. a.Credit cards RCONK098 0 M.1.f.4.a. b.Automobile loans RCONK203 0 M.1.f.4.b. c.Other(includes revolving credit plans other than credit cards and other consumer loans) RCONK204 0 M.1.f.4.c. Memorandum item 1.f.(5)is to be completed by: •Banks with$300 million or mom in total assets •Banks with less than$300 million in total assets that have loans to finance agricultural production and other loans to farmers (Schedule RC-C,Part I,item 3)exceeding 5 percent of total loans RCONK168 0 M.1.f.5. 5.Loans to finance agricultural production and other loans to farmers included in Schedule RC-C,part I, Memorandum item 1.f,abovel g.Total loans restructured in troubled debt restructurings that are in compliance with their modified terms(sum RCONHK25 2,317 M.1.g. of Memorandum items 1.a.(1)through 1.f) 2.Maturity and repricing data for loans and leases(excluding those in nonaccrual status): M.2. a.Closed-end loans secured by first liens on 1-4 family residential properties(reported in Schedule RC-C,part I, item 1.c.(2)(a),column B,above)with a remaining maturity or next repricing date of: M.z.a. 1.Three months or less RCONA564 11,516 M.2.a.1. 2.Over three months through 12 months RCONA565 12,181 M.2.a.2. 3.Over one year through three years RCONA566 26,555 M.2.a.3. 4.Over three years through five years RCONA567 47,270 M.2.a.4. 5.Over five years through 15 years RCONA568 40,390 M.2.a.5. 6.Over 15 years RCONA569 19,487 M.2.a.6. b.All loans and leases(reported in Schedule RC-C,part I,items 1 through 10,column B,above)EXCLUDING closed-end loans secured by first liens on 1-4 family residential properties(reported in Schedule RC-C,part I, M.2.b. item 1.c.(2)(a),column B,above)with a remaining maturity or next repricing date of: 1.Three months or less RCONA570 341,256 M.2.b.1. 2.Over three months through 12 months RCONA571 207,339 M.2.b.2. 3.Over one year through three years RCONA572 579,088 M.2.b.3. 4.Over three years through five years RCONA573 441,643 M.2.b.4. 5.Over five years through 15 years RCONA574 414,924 M.2.b.5. 6.Over 15 years RCONA575 10,093 M.2.b.6. c.Loans and leases(reported in Schedule RC-C,part I,items 1 through 10,column B,above)with a REMAINING RCONA247 351,310 M.z.c. MATURITY of one year or less(excluding those in nonaccrual status) 3.Loans to finance commercial real estate,construction,and land development activities(not secured by real estate) RCON2746 15,448 M.3. included in Schedule RC-C,part I,items 4 and 9,column B6 4.Adjustable rate closed-end loans secured by first liens on 1-4 family residential properties(included in Schedule RCON5370 122,385 M.4. RC-C,part I,item 1.c.(2)(a),column B) 1. The$300 million asset size test and the 5 percent of total loans test are based on the total assets and total loans reported on the June 30,2018,Report of Condition. 6. Exclude loans secured by real estate that are included in Schedule RC-C,Part I,items 1.a through 1.e,column B. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 21 Dollar amounts in thousands To be completed by banks with$300 million or more in total assets: 5.Loans secured by real estate to non-U.S.addressees(domicile)(included in Schedule RC-C,Part I,items 1.a RCONB837 0 M.5. through 1.e,column B)2 Memorandum item 6 is to be completed by banks that(1)together with affiliated institutions,have outstanding credit card receivables(as defined in the instructions)that exceed$500 million as of the report date or(2)are credit card specialty banks as defined for Uniform Bank RCONC391 NR M.6. Performance Report purposes. 6.Outstanding credit card fees and finance charges included in Schedule RC-C,part I,item 6.a Memorandum items 7.a,7.b,and 8.a are to be completed by all banks semiannually in the June and December reports only. 7.Purchased credit-impaired loans held for investment accounted for in accordance with FASB ASC 310-30(former M.7. AICPA Statement of Position 03-3)(exclude loans held for sale):3 a.Outstanding balance RCONC779 19,589 M.7.a. b.Amount included in Schedule RC-C,part I,items 1 through 9 RCONC780 11,283 M.7.b. 8.Closed-end loans with negative amortization features secured by 1-4 family residential properties: M.8. a.Total amount of closed-end loans with negative amortization features secured by 1-4 family residential properties RCONF230 0 M.e.a. (included in Schedule RC-C,part I,items 1.c.(2)(a)and 1.c.(2)(b)) Memorandum items 8.b and 8.c are to be completed semiannually in the June and December reports only by banks that had closed-end loans with negative amortization features secured by 1-4 family residential properties(as reported in Schedule RC-C, Part 1,Memorandum item 8.a)as of December 31,2019,that exceeded the lesser of$100 million or 5 percent of total loans and RCONF231 NR M.B.b. leases held for investment and held for sale(as reported in Schedule RC-C,Part I,item 12,column B). b.Total maximum remaining amount of negative amortization contractually permitted on closed-end loans secured by 1-4 family residential properties c.Total amount of negative amortization on closed-end loans secured by 1-4 family residential properties included RCONF232 NR M.B.c. in the amount reported in Memorandum item 8.a above 9.Loans secured by 1-4 family residential properties in process of foreclosure(included in Schedule RC-C,part I, RCONF577 0 M.s. items 1.c.(1),1.c.(2)(a),and 1.c.(2)(b)) 10.Not applicable M.10. 2. The$300 million asset size test is based on the total assets reported on the June 30,2018,Report of Condition. 3. Memorandum item 7 is to be completed only by institutions that have not yet adopted ASU 2016-13. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 22 Dollar amounts in thousands 11.Not applicable (Column A)Fair value of (Column B)Gross (Column C)Best estimate acquired loans and leases contractual amounts at acquisition date of at acquisition date receivable at acquisition contractual cash flows not Dollar amounts in thousands date expected to be collected Memorandum items 12.a,12.6,12.c,and 12.d am to be completed semiannually in the r �: ZJ _k June and December reports only. >� «x o-> d: t " .. 12.Loans(not subject to the requirements of FASB ASC 310-30(former AICPA t w,"� x ie M.12. Statement of Position 03-3))and leases held for investment that were acquired in business combinations with acquisition dates in the current calendar year ) a.Loans secured by real estate RCONG091 0 RCONG092 0 RCONG093 0 M12a b.Commercial and industrial loans RCONG094 0 RCONG095 0 RCONG096 0 M12h c.Loans to individuals for household,family,and other personal RCONG097 0 RCONG098 0 RCONG099 0 M12c expenditures d.All other loans and all leases RCONG100 0 RCONG101 0 RCONG102 0 M12rt Dollar amounts in thousands Memoranda item 13 is to be completed by banks that had construction,land development,and other land loans(as reported in Schedule e` RC-C,Part 1,item 1.a,column B)that exceeded 100 percent of total capital(as reported in Schedule RC-R,Part 1,item 35.a)as of •` • M.13. December 31,2019. 13.Construction,land development,and other land loans in domestic offices with interest reserves: a.Amount of loans that provide for the use of interest reserves(included in Schedule RC-C,part I,item 1.a,column RCONG376 NR B) b.Amount of interest capitalized from interest reserves on construction,land development,and other land loans RIADG377 NR M.13.b. that is included in interest and fee income on loans during the quarter(included in Schedule RI,item 1.a.(1)(a)(2)). Memorandum item 14 is to be completed by all banks. RCONG378 1,586,248 M.14. 14.Pledged loans and leases Memorandum item 15 is to be completed for the December report only. M.15. 15.Reverse mortgages: ` a.Reverse mortgages outstanding that are held for investment(included in Schedule RC-C,item 1.c,above): M.15.a. 1.Home Equity Conversion Mortgage(HECM)reverse mortgages RCONJ466 0 M.15.a.1. 2.Proprietary reverse mortgages RCONJ467 0 M.15.a.2. b.Estimated number of reverse mortgage loan referrals to other lenders during the year from whom compensation M.15.b. has been received for services performed in connection with the origination of the reverse mortgages: 1.Home Equity Conversion Mortgage(HECM)reverse mortgages RCONJ468 0 M.15.b.1. 2.Proprietary reverse mortgages RCONJ469 0 M.15.b.2. c.Principal amount of reverse mortgage originations that have been sold during the year: M.15.c. 1.Home Equity Conversion Mortgage(HECM)reverse mortgages RCONJ470 0 M.15.c.1. 2.Proprietary reverse mortgages RCONJ471 0 M.15.c.2. 16.Not applicable Amounts reported in Memorandum items 17.a and 17.6 will not be made available to the public on an individual institution basis. 17.Eligible loan modifications under Section 4013,Temporary Relief from Troubled Debt Restructurings,of the 2020 M.17. Coronavirus Aid,Relief,and Economic Security Act: a.Number of Section 4013 loans outstanding RCONLG24 CONF M.17.a. b.Outstanding balance of Section 4013 loans RCONLG25 CONF M.17.b. 1. Institutions that have adopted ASU 2016-13 should report only loans held for investment not considered purchased credit-deteriorated in Memorandum item 12. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 23 Schedule RC-C Part II - Loans to Small Businesses and Small Farms(Form Type - 041) Report the number and amount currently outstanding as of the report date of business loans with"original amounts"of$1,000,000 or less and farm loans with"original amounts"of$500,000 or less.The following guidelines should be used to determine the"original amount"of a loan: (1)For loans drawn down under lines of credit or loan commitments,the"original amount"of the loan is the size of the line of credit or loan commitment when the line of credit or loan commitment was most recently approved,extended,or renewed prior to the report date.However,if the amount currentlyoutstanding as of the report date exceeds this size,the"original amount"is the amount currently outstanding on the report date.(2)For loan participations and syndications,the"original amount"of the loan participation or syndication is the entire amount of the credit originated by the lead lender.(3)For all other loans,the"original amount"is the total amount of the loan at origination or the amount currently outstanding as of the report date,whichever is larger. Dollar amounts in thousands 1.Indicate in the appropriate box at the right whether all or substantially all of the dollar volume of your bank's"Loans secured by nonfarm nonresidential properties"reported in Schedule RC-C,part I,items 1.e.(1)and 1.e.(2),and all or RCON6999 No 1. substantially all of the dollar volume of your bank's"Commercial and industrial loans"reported in Schedule RC-C,part I,item 4,have original amounts of$100,000 or less If YES,complete items 2.a and 2.b below,skip items 3 and 4,and go to item 5.If NO and your bank has loans outstanding in either loan category,skip items 2.a and 2.b,complete items 3 and 4 below,and go to item 5.If NO and your bank has no loans outstanding in both 2 loan categories,skip items 2 through 4,and go to item 5 2.Report the total number of loans currently outstanding for each of the following Schedule RC-C,part I,loan categories: a."Loans secured by nonfarm nonresidential properties"reported in Schedule RC-C,part I,items 1.e.(1)and RCON5562 NR z.a. 1.e.(2) b."Commercial and industrial loans"reported in Schedule RC-C,part I,item 41 RCON5563 NR 2.b. (Column A)Number of Loans (Column B)Amount Currently Dollar amounts in thousands Outstanding 3.Number and amount currently outstanding of"Loans secured by nonfarm nonresidential 3. properties"reported in Schedule RC-C,part I,items 1.e.(1)and 1.e.(2): a.With original amounts of$100,000 or less RCON5564 93 RCON5565 3,706 3.a. b.With original amounts of more than$100,000 through$250,000 RCON5566 216 RCON5567 26,149 3.b. c.With original amounts of more than$250,000 through$1,000,000 RCON5568 352 RCON5569 122,781 3.c. 4.Number and amount currently outstanding of"Commercial and industrial loans"reported in 4. Schedule RC-C,part I,item 4: a.With original amounts of$100,000 or less RCON5570 6952 RCON5571 62,153 4.a. b.With original amounts of more than$100,000 through$250,000 RCON5572 438 RCON5573 53,913 4.b. • c.With original amounts of more than$250,000 through$1,000,000 RCON5574 344 RCON5575 126,365 4.c. Dollar amounts in thousands 5.Indicate in the appropriate box at the right whether all or substantially all of the dollar volume of your bank's"Loans secured by farmland(including farm residential and other improvements)"reported in Schedule RC-C,part I,item 1.b, RCON6860 No 5. and all or substantially all of the dollar volume of your bank's"Loans to finance agricultural production and other loans to farmers"reported in Schedule RC-C,part I,item 3,have original amounts of$100,000 or less If YES,complete items 6.a and 6.b below,and do not complete items 7 and 8.If NO and your bank has loans outstanding in either loan category,skip items 6.a and 6.6 and complete items 7 and 8 below.If NO and your bank has no loans outstanding in both loan categories, 6. do not complete items 6 through 8. 6.Report the total number of loans currently outstanding for each of the following Schedule RC-C,part I,loan categories: a."Loans secured by farmland(including farm residential and other improvements)"reported in Schedule RC-C, RCON5576 NR 6.a. part I,item 1.b b."Loans to finance agricultural production and other loans to farmers"reported in Schedule RC-C,part I,item RCON5577 NR s.b. 3 (Column A)Number of Loans (Column B)Amount Currently Dollar amounts in thousands Outstanding 7.Number and amount currently outstanding of"Loans secured by farmland(including farm residential and other improvements)"reported in Schedule RC-C,part I,item 1.b: 7. a.With original amounts of$100,000 or less RCON5578 87 RCON5579 4,148 7.a. b.With original amounts of more than$100,000 through$250,000 RCON5580 96 RCON5581 12,350 7.b. c.With original amounts of more than$250,000 through$500,000 RCON5582 36 RCON5583 12,365 7.c. 8.Number and amount currently outstanding of"Loans to finance agricultural production and 8. other loans to farmers"reported in Schedule RC-C,part I,item 3: a.With original amounts of$100,000 or less RCON5584 103 RCON5585 1,946 8.a. b.With original amounts of more than$100,000 through$250,000 RCON5586 13 RCON5587 1,454 8.b. c.With original amounts of more than$250,000 through$500,000 RCON5588 3 RCON5589 886 8.c. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 24 Schedule RC-D -Trading Assets and Liabilities(Form Type - 041) RC-D is to be completed by banks that reported total trading assets of$10 million or more in any of the four preceding calendar quarters and all banks meeting the FDIC's definition of a large or highly complex institution for deposit insurance assessment purposes. Dollar amounts in thousands 1.U.S.Treasury securities RCON3531 NR 1. 2.U.S.Government agency obligations(exclude mortgage-backed securities) RCON3532 NR 2. 3.Securities issued by states and political subdivisions in the U.S RCON3533 NR 3. 4.Mortgage-backed securities(MBS): 4. a.Residential mortgage pass-through securities issued or guaranteed by FNMA,FHLMC,or GNMA RCONG379 NR 4.a. b.Other residential MBS issued or guaranteed by U.S.Government agencies or sponsored agencies(include RCONG380 NR 4.b. CMOs,REMICs,and stripped MBS) c.All other residential MBS RCONG381 NR 4.c. d.Commercial MBS issued or guaranteed by U.S.Government agencies or sponsored agencies1 RCONK197 NR 4.d. e.All other commercial MBS RCONK198 NR 4.e. 5.Other debt securities: 5. a.Structured financial products RCONHT62 NR 5.a. b.All other debt securities RCONG386 NR 5.b. 6.Loans: 6. a.Loans secured by real estate: s.a. 1.Loans secured by 1-4 family residential properties RCONHT63 NR 6.a.1. 2.All other loans secured by real estate RCONHT64 NR 6.a.2. b.Commercial and industrial loans RCONF614 NR 6.b. c.Loans to individuals for household,family,and other personal expenditures(i.e.,consumer loans)(includes RCONHT65 NR 6.c. purchased paper) d.Other loans RCONF618 NR 6.d. 7.Not applicable 7. 8.Not applicable s. 9.Other trading assets RCON3541 NR 9. 10.Not applicable 10. 11.Derivatives with a positive fair value RCON3543 0 11. 12.Total trading assets(sum of items 1 through 11)(must equal Schedule RC,item 5) RCON3545 0 12. 13.Not available 13. a.Liability for short positions RC0N3546 NR 13.a. b.Other trading liabilities RCONF624 NR 13.b. 14.Derivatives with a negative fair value RCON3547 0 14. 15.Total trading liabilities(sum of items 13.a through 14)(must equal Schedule RC,item 15) RCON3548 0 15. 1.Unpaid principal balance of loans measured at fair value(reported in Schedule RC-D,items 6.a.(1)through 6.d): M•1- a.Loans secured by real estate: M.t.a. 1.Loans secured by 1-4 family residential properties RCONHT66 NR M.t.a.1. 2.All other loans secured by real estate RCONHT67 NR M.1.a.2. b.Commercial and industrial loans RCONF632 NR M.1.b. c.Loans to individuals for household,family,and other personal expenditures(i.e.,consumer loans)(includes RCONHT68 NR M.1.c. purchased paper) d.Other loans RCONF636 NR M.1.d. 1. Banks with 5300 million or more in total assets should provide the requested information for"Commercial and industrial loans"based an the loans reported in Schedule RC-C,Part I,item 4.a, column A,'Commercial and industrial loans to U.S.addressees.° 1. U.S.Government agencies include,but are not limited'to,such agencies as the Government National Mortgage Association(GNMA),the Federal Deposit Insurance Corporation(FDIC),and the National Credit Union Administration(NCUA).U.S.Government-sponsored agencies include,but are not limited to,such agencies as the Federal Home Loan Mortgage Corporation(FHLMC) and the Federal National Mortgage Association(FNMA). CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 25 Schedule RC-E - Deposit Liabilities(Form Type - 041) (Column A)Transaction (Column B)Transaction (Column C) AccountsTotal transaction Accounts Memo:Total Nontransaction Accounts accounts(including total demand deposits Total nontransaction demand deposits) (included in column A) accounts(including Dollar amounts in thousands MMDAs) Deposits of: s. .a r 4 r� ,, 1.Individuals,partnerships,and corporations(include all certified and official 7.74, 1 checks) p p p RCONB549 254,869 4ea RCONB550 2,510,281 1. 2.U.S.Government RCON2202 0 ; '� �� � RCON2520 0 2. 3.States and political subdivisions in the U.S RCON2203 31,742 ° I r RCON2530 234,603 3. n 4.Commercial banks and other depository institutions in the U.S RCONB551 46 : f„' ;,ate 9�'. RCONB552 2,023 4. 5.Banks in foreign countries RCON2213 0 r RCON2236 0 5. 6.Foreign governments and official institutions(including foreign central RCON2216 0 RCON2377 0 6. banks) 7.Total(sum of items 1 through 6)(sum of columns A and C must equal RCON2215 286,657 RCON2210 219,747 RCON2385 2,746,907 7. Schedule RC,item 13.a) CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 26 Dollar amounts in thousands 1.Selected components of total deposits(i.e.,sum of item 7,columns A and C): K M.1. a.Total Individual Retirement Accounts(IRAs)and Keogh Plan accounts RCON6835 49,471 M.i.a. b.Total brokered deposits RCON2365 3,142 M.1.b. c.Brokered deposits of$250,000 or less(fully insured brokered deposits)2 RCONHK05 3,142 M.1.c. d.Maturity data for brokered deposits: M.1.d. 1.Brokered deposits of$250,000 or less with a remaining maturity of one year or less(included in Memorandum RCONHKO6 3,022 M.1.d.1. item 1.c above) 2.Not applicable M.1.d.2. 3.Brokered deposits of more than$250,000 with a remaining maturity of one year or less(included in RCONK220 0 M.1.d.3. Memorandum item 1.b above) e.Preferred deposits(uninsured deposits of states and political subdivisions in the U.S.reported in item 3 above RCON5590 242,353 M.1.e. which are secured or collateralized as required under state law)(to be completed for the December report only). f.Estimated amount of deposits obtained through the use of deposit listing services that are not brokered RCONK223 0 M.1.f. deposits g.Total reciprocal deposits(as of the report date) RCONJH83 0 M.1.g. 2.Components of total nontransaction accounts(sum of Memorandum items 2.a through 2.d must equal item 7,column M 2 C above): a.Savings deposits: M.2.a. 1.Money market deposit accounts(MMDAs) RCON6810 2,098,624 M.2.a.1. 2.Other savings deposits(excludes MMDAs) RCON0352 407,824 M.2.a.2. b.Total time deposits of less than$100,000 RCON6648 130,544 M.2.b. c.Total time deposits of$100,000 through$250,000 RCONJ473 69,358 M.2.c. d.Total time deposits of more than$250,000 RCONJ474 40,558 M.2.d. e.Individual Retirement Accounts(IRAs)and Keogh Plan accounts of$100,000 or more included in Memorandum RCONF233 14,274 M.2.e. items 2.c and 2.d above 3.Maturity and repricing data for time deposits of$250,000 or less: M.3. a.Time deposits of$250,000 or less with a remaining maturity or next repricing date of:1'2 M.3.a. 1.Three months or less RCONHK07 56,907 M.3.a.1. 2.Over three months through 12 months RCONHK08 103,029 M.3.a.2. 3.Over one year through three years ' RCONHK09 33,053 M.3.a.3. 4.Over three years RCONHKIO 6,911 M.3.a.4. b.Time deposits of$250,000 or less with a REMAINING MATURITY of one year or less(included in Memorandum RCONHK11 159,823 M.3.b. items 3.a.(1)and 3.a.(2)above)3 - 4.Maturity and repricing data for time deposits of more than$250,000: M.4. a.Time deposits of more than$250,000 with a remaining maturity or next repricing date of:1'4 M.4.a. 1.Three months or less RCONHKI2 16,244 M.4.a.1. 2.Over three months through 12 months RCONHKI3 18,497 M.4.a.2. 3.Over one year through three years RCONHKI4 5,561 M.4.a.3. 4.Over three years RCONHKI5 256 M.4.a.4. b.Time deposits of more than$250,000 with a REMAINING MATURITY of one year or less(included in RCONK222 34,741 M.4.b. Memorandum items 4.a.(1)and 4.a.(2)above)3 5.Does your institution offer one or more consumer deposit account products,i.e.,transaction account or nontransaction RCONP752 Yes M.5. savings account deposit products intended primarily for individuals for personal,household,or family use? Memorandum items 6 and 7 are to be completed by institutions with S1 billion or more in total assets that answered'Yes"to Memorandum item 5 above. 6.Components of total transaction account deposits of individuals,partnerships,and corporations(sum of Memorandum M.6. items 6.a and 6.b must be less than or equal to item 1,column A,above):5 a.Total deposits in those noninterest-bearing transaction account deposit products intended primarily for individuals RCONP753 45,622 M.s.a. for personal,household,or family use 2. The dollar amount used as the basis for reporting in Memorandum item 1.c reflects the deposit insurance limit in effect on the report date. 1,2. Report fixed-rate time deposits by remaining maturity and floating rate time deposits by next repricing date. 3. Report both fixed-and floating-rate time deposits by remaining maturity.Exclude floating-rate time deposits with a next repricing date of one year or less that have a remaining maturity of over one year. 1,4. Report fixed-rate time deposits by remaining maturity and floating rate time deposits by next repricing date. 3. Report both fixed-and floating-rate time deposits by remaining maturity.Exclude floating-rate time deposits with a next repricing date of one year or less that have a remaining maturity of over one year. • 5. The S1 billion asset size test is based on the total assets reported on the June 30,2018,Report of Condition. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 27 Dollar amounts in thousands b.Total deposits in those interest-bearing transaction account deposit products intended primarily for individuals RCONP754 27,438 M.6.b. for personal,household,or family use 7.Components of total nontransaction account deposits of individuals,partnerships,and corporations(sum of Memorandum items 7.a.(1),7.a.(2),7.b.(1),and 7.b.(2)plus all time deposits of individuals,partnerships,and corporations must equal item 1,column C,above): a.Money market deposit accounts(MMDAs)of individuals,partnerships,and corporations(sum of Memorandum M.7.a. items 7.a.(1)and 7.a.(2)must be less than or equal to Memorandum item 2.a.(1)above): 1.Total deposits in those MMDA deposit products intended primarily for individuals for personal,household, RCONP756 1,095,568 M.7.a.1. or family use _ 2.Deposits in all other MMDAs of individuals,partnerships,and corporations RCONP757 789,784 M.7.a.2. b.Other savings deposit accounts of individuals,partnerships,and corporations(sum of Memorandum items M.7.b. 7.b.(1)and 7.b.(2)must be less than or equal to Memorandum item 2.a.(2)above): 1.Total deposits in those other savings deposit account deposit products intended primarily for individuals RCONP758 384,273 M.7.b.1. for personal,household,or family use 2.Deposits in all other savings deposit accounts of individuals,partnerships,and corporations RCONP759 23,011 M.7.b.2. Schedule RC-F - Other Assets(Form Type - 041) Dollar amounts in thousands 1.Accrued interest receivable2 RCONB556 9,923 1. 2.Net deferred tax assets3 RCON2148 0 2. 3.Interest-only strips receivable(not in the form of a security)4 RCONHT80 0 3. 4.Equity investments without readily determinable fair values5 RC0N1752 20,519 4. 5.Life insurance assets: 5. a.General account life insurance assets RCONK201 13,608 5.a. b.Separate account life insurance assets RCONK202 0 5.b. c.Hybrid account life insurance assets RCONK270 8,371 5.c. 6.All other assets(itemize and describe amounts greater than$100,000 that exceed 25%of this item) RCON2168 10,578 6. a.Prepaid expenses RCON2166 3,423 6.a. b.Repossessed personal property(including vehicles) RCON1578 NR 6.b. c.Derivatives with a positive fair value held for purposes other than trading RCONC010 NR 6.c. d.FDIC loss-sharing indemnification assets RCONJ448 NR 6.d. e.Computer software RCONFT33 NR 6.e. f.Accounts receivable RCONFT34 NR 6.1. g.Receivables from foreclosed government-guaranteed mortgage loans RCONFT35 NR 6.g. h.Disclose component and the dollar amount of that component: 6.h. 1.Describe component TEXT3549 NR 6.h.1. 2.Amount of component RCON3549 NR 6.h.2. i.Disclose component and the dollar amount of that component: 6.i. 1.Describe component TEXT3550 NR 6.i.1. 2.Amount of component RCON3550 NR 6.i.2. j.Disclose component and the dollar amount of that component: - 6.j. 1.Describe component TEXT3551 NR 6.1.1. 2.Amount of component RC0N3551 NR 6.1.2. 7.Total(sum of items 1 through 6)(must equal Schedule RC,item 11) RCON2160 62,999 7. 2. Include accrued interest receivable on loans,leases,debt securities,and other interest-bearing assets.Exclude accrued interest receivables on financial assets that are reported elsewhere on the balance sheet. 3. See discussion of deferred income taxes in Glossary entry on"income taxes." • 4. Report interest-only strips receivable in the form of a security as available-for-sale securities in Schedule RC,item 2.b,or as trading assets in Schedule RC,item 5,as appropriate. 5. Include Federal Reserve stock,Federal Home Loan Bank stock,and bankers'bank stock. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 28 Schedule RC-G - Other Liabilities(Form Type - 041) Dollar amounts in thousands 1.Not available VagiF v 1. a.Interest accrued and unpaid on deposits.' RCON3645 645 1.a. b.Other expenses accrued and unpaid(includes accrued income taxes payable) RCON3646 4,580 1.b. 2.Net deferred tax liabilities2 RC0N3049 8,171 2. 3.Allowance for credit losses on off-balance sheet credit exposures3 RCONB557 125 3. 4.All other liabilities(itemize and describe amounts greater than$100,000 that exceed 25 percent of this item) RCON2938 4,557 4. a.Accounts payable RC0N3066 NR 4.a. b.Deferred compensation liabilities RCONC011 NR 4.b. c.Dividends declared but not yet payable RCON2932 NR 4.c. d.Derivatives with a negative fair value held for purposes other than trading RCONC012 NR 4.d. e.Operating lease liabilities RCONLB56 2,508 4.e. f.Disclose component and the dollar amount of that component: a.f. 1.Describe component TEXT3552 NR 4.f.1. 2.Amount of component RCON3552 NR 4.f.2. g.Disclose component and the dollar amount of that component: 4.g. • 1.Describe component TEXT3553 NR 4.g.1. 2.Amount of component RCON3553 NR 4.g.2. h.Disclose component and the dollar amount of that component: 4.h. 1.Describe component TEXT3554 NR 4.h.1. 2.Amount of component RC0N3554 NR 4.h.2. 5.Total RC0N2930 - 18,078 5. 1. For savings banks,include'dividends°accrued and unpaid on deposits. 2. See discussion of deferred income taxes in Glossary entry on'income taxes.' 3. Institutions that have adopted ASU 2016-13 should report in item 3 the allowance for credit losses on those off-balance sheet credit exposures that are not unconditionally cancelable. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 29 Schedule RC-K - Quarterly Averages(Form Type - 041) Dollar amounts in thousands 1.Interest-bearing balances due from depository institutions RCON3381 214,086 1. 2.U.S.Treasury securities and U.S.Government agency obligations(excluding mortgage-backed securities)2 RCONB558 568,474 2. 3.Mortgage-backed securities2 RCONB559 307,847 3. 4.All other debt securities and equity securities with readily determinable fair values not held for trading2 RCONB560 23,448 4. 5.Federal funds sold and securities purchased under agreements to resell RCON3365 10,447 5. 6.Loans: 6 a.Total loans RCON3360 2,161,131 6.a. b.Loans secured by real estate: 6.b. 1.Loans secured by 1-4 family residential properties RCON3465 220,536 6.b.1. 2.All other loans secured by real estate RCON3466 1,117,662 6.b.2. c.Commercial and industrial loans RCON3387 513,639 6.c. d.Loans to individuals for household,family,and other personal expenditures: 1.Credit cards RCONB561 10,214 6.d.1. 2.Other(includes revolving credit plans other than credit cards,automobile loans,and other consumer RCONB562 179,966 6.d.2. loans) Item 7 is to be completed by banks with total trading assets of$10 million or more in any of the four preceding calendar quarters and all banks meeting the FDIC's definition of a large or highly complex institution for deposit insurance assessment purposes. RCON3401 NR 7. 7.Trading assets 8.Lease financing receivables(net of unearned income) RCON3484 0 8. 9.Total assets4 RCON3368 3,645,270 9. 10.Interest-bearing transaction accounts(interest-bearing demand deposits,NOW accounts,ATS accounts,and RCON3485 39,277 10. telephone and preauthorized transfer accounts) 11.Nontransaction accounts: 11. a.Savings deposits(includes MMDAs) RCONB563 2,595,925 11.a. b.Time deposits of$250,000 or less RCONHKI6 205,375 11.b. c.Time deposits of more than$250,000 RCONHK17 41,669 11.c. 12.Federal funds purchased and securities sold under agreements to repurchase RCON3353 41,764 12. To be completed by banks with$100 million or more in total assets: RCON3355 96,000 13. 13.Other borrowed money(includes mortgage indebtedness and obligations under capitalized leases)5 Memorandum item 1 is to be completed by: •banks with$300 million or more in total assets,and •banks with less than$300 million in total assets that have loans to finance agricultural production and other loans to farmers(Schedule RC0N3386 5,674 M.1. RC-C,Part 1,item 3)exceeding 5 percent of total loans. 1.Loans to finance agricultural production and other loans to farmers 2 2. Quarterly averages for all debt securities should be based on amortized cost. 2. Quarterly averages for all debt securities should be based on amortized cost. 4. The quarterly average for total assets should reflect securities not held for trading as follows:a)Debt securities at amortized cost,b)Equity securities with readily determinable fair values at fair value,and c)Equity investments without readily determinable fair values,their balance sheet carrying values(i.e.,fair value or,if elected,cost minus impairment,if any,plus or minus changes resulting from observable price changes). 5. The$100 million asset-size test is based on the total assets reported on the June 30,2018,Report of Condition. 2. The$300 million asset-size test and the 5 percent of total loans test are based on the total assets and total loans reported on the June 30,2018,Report of Condition. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 30 Schedule RC-L - Derivatives and Off-Balance Sheet Items(Form Type - 041) Please read carefully the instructions for the preparation of Schedule RC-L.Some of the amounts reported in Schedule RC-L are regarded as volume indicators and not necessarily as measures of risk. Dollar amounts in thousands 1.Unused commitments: i 4r i 1• a.Revolving,open-end lines secured by 1-4 family residential properties,i.e.,home equity lines RCON3814 64,610 1.a. Item 1.a.(1)is to be completed for the December report only. 1.Unused commitments for reverse mortgages outstanding that are held for investment in domestic offices RCONHT72 0 1.a.1. (included in item 1.a.above) b.Credit card lines(Sum of items 1.b.(1)and 1.b.(2)must equal item 1.b) RCON3815 60,968 1.b. Items 1.b.(1)and 1.b.(2)are to be completed semiannually in the June and December reports only by banks with either$300 million or more in total assets or$300 million or more in credit card lines(sum of items 1.b.(1)and 1.b.(2)must equal item 1.b). RCONJ455 43,492 1.b.1. 1.Unused consumer credit card lines1 2.Other unused credit card lines RCONJ456 17,476 1.b.2. c.Commitments to fund commercial real estate,construction,and land development loans: t x , 1.c. V F_1.Secured by real estate: � r� •.�°. t.c.t. a.1-4 family residential construction loan commitments RCONF164 66,928 1.c.1.a. b.Commercial real estate,other construction loan,and land development loan commitments RCONF165 150,712 1.c.1.b. 2.Not secured by real estate RCON6550 5,411 1.c.2. d.Securities underwriting RCON3817 0 1.d. e.Other unused commitments: 1 e. 1.Commercial and industrial loans RCONJ457 202,831 1.e.1. 2.Loans to financial institutions RCONJ458 1,201 1.e.2. 3.All other unused commitments RCONJ459 70,070 1.e.3. 2.Financial standby letters of credit RCON3819 4,609 2. Item 2.a is to be completed by banks with$1 billion or more in total assets. RCON3820 0 2.a. a.Amount of financial standby letters of credit conveyed to others1 3.Performance standby letters of credit RCON3821 1,809 3. Item 3.a is to be completed by banks with$1 billion or more in total assets RCON3822 0 3.a. a.Amount of performance standby letters of credit conveyed to others1 4.Commercial and similar letters of credit RCON3411 0 4. 5.Not applicable 5. 6.Securities lent and borrowed: 6. a.Securities lent(including customers'securities lent where the customer is indemnified against loss by the RCON3433 7,134 s.a. reporting bank) b.Securities borrowed RCON3432 0 6.b. (Column A)Sold Protection (Column B)Purchased Dollar amounts in thousands Protection 7.Credit derivatives: T a.Notional amounts: 1.Credit default swaps RCONC968 0 RCONC969 0 7.a.1. 2.Total return swaps RCONC970 0 RCONC971 0 7.a.2. 3.Credit options RCONC972 0 RCONC973 0 7.a.3. 4.Other credit derivatives RCONC974 0 RCONC975 0 7.a.4. b.Gross fair values: 7.b. 1.Gross positive fair value RCONC219 0 RCONC221 0 7.b.1. 2.Gross negative fair value RCONC220 0 RCONC222 0 7.b.2. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 31 Dollar amounts in thousands c.Notional amounts byregulatory capital treatment:) • r r r f 7.c. 9 ry P 1.Positions covered under the Market Risk Rule: T�.tAIST2 'lr'g 7•c•1• a.Sold protection RCONG401 0 7.c.1.a. b.Purchased protection RCONG402 0 7.c.1.b. "�''> -'x :,_:;' 7.c.2. 2.All other positions: •t;r. a.Sold protection RCONG403 0 7.c.2.a. b.Purchased protection that is recognized as a guarantee for regulatory capital purposes RCONG404 0 7.c.2.b. c.Purchased protection that is not recognized as a guarantee for regulatory capital purposes RCONG405 0 7.c.2.c. (Column A)Remaining (Column B)Remaining (Column C)Remaining Maturity of OneYear or Maturity of Over One Year Maturity of Over Five Dollar amounts in thousands Less Through Five Years Years A G d.Notional amounts by remaining maturity: 1.Sold credit protection:2 7.d.1. a.Investment grade RCONG406 0 RCONG407 0 RCONG408 0 741a • b.Subinvestment grade RCONG409 0 RCONG410 0 RCONG411 0 7r1111 2.Purchased credit protection:3 r 7.d.2. a.Investment grade RCONG412 0 RCONG413 0 RCONG414 0 7d2a b.Subinvestment grade RCONG415 0 RCONG416 0 RCONG417 0 7d2h 1. The asset-size tests and the$300 million credit card lines test are based on the total assets and credit card lines reported in the June 30,2018,Report of Condition. 1. The asset-size tests and the$300 million credit card lines test are based on the total assets and credit card lines reported in the June 30,2018,Report of Condition. 1. The asset-size tests and the$300 million credit card lines test are based on the total assets and credit card lines reported in the June 30,2018,Report of Condition. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 32 Dollar amounts in thousands 8.Not applicable ', 6. 9.All other off-balance sheet liabilities(exclude derivatives)(itemize and describe each component of this item over 25%of Schedule RC,item 27.a,"Total bank equity capital") RCON3430 0 9. a.Not applicable "' 9a. b.Commitments to purchase when-issued securities RCON3434 0 9.b. c.Standby letters of credit issued by another party(e.g.,a Federal Home Loan Bank)on the bank's behalf RCONC978 0 9.c. d.Disclose component and the dollar amount of that component: 9.d. 1.Describe component TEXT3555 NR 9.d.1. 2.Amount of component RCON3555 0 9.d.2. e.Disclose component and the dollar amount of that component: r` g.e. 1.Describe component TEXT3556 NR g.e.t. 2.Amount of component RCON3556 0 9.e.2. f.Disclose component and the dollar amount of that component: _ ,i 9.f. (TEXT3557)NR RCON3557 0 9.f.1. 10.All other off-balance sheet assets(exclude derivatives)(itemize and describe each component of this item over 25%of Schedule RC,item 27.a,"Total bank equity capital") RCON5591 0 10. a.Commitments to sell when-issued securities RCON3435 0 10.a. b.Disclose component and the dollar amount of that component 1.Describe component TEXT5592 NR 10.b.1. 2.Amount of component RCON5592 0 10.6.2. c.Disclose component and the dollar amount of that component: 1.Describe component TEXT5593 NR 10.c.1. 2.Amount of component RCON5593 0 10.c.2. d.Disclose component and the dollar amount of that component: 10.d. 1.Describe component TEXT5594 NR 10.d.1. 2.Amount of component RCON5594 0 10.d.2. e.Disclose component and the dollar amount of that component: 10.e. 1.Describe component TEXT5595 NR 1o.e.1. 2.Amount of component RCON5595 0 10.e.2. Items 11.a and 11.6 are to be completed semiannually in the June and December reports only. _ 11 11.Year-to-date merchant credit card sales volume: a.Sales for which the reporting bank is the acquiring bank RCONC223 216,474 11.a. b.Sales for which the reporting bank is the agent bank with risk RCONC224 0 11.b. 1. Sum of items 7.c.(1)(a)and 7.c.(2)(a),must equal sum of items 7.a.(1)through(4),column A.Sum of items 7.c.(1)(b),7.c.(2)(b),and 7.c.(2)(c)must equal sum of items 7.a.(1)through(4), column B. 2. Sum of items 7.d.(1)(a)and(b),columns A through C,must equal sum of items 7.a.(1)through(4),column A. • 3. Sum of items 7.d.(2)(a)and(b),columns A through C,must equal sum of items 7.a.(1)through(4),column B. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 / Report Date 12/31/2020 Last Updated on 1/27/2021 33 (Column A)Interest (Column B)Foreign I (Column C)Equity (Column D) Rate Contracts Exchange Contracts Derivative Contracts Commodity and Other Dollar amounts in thousands Contracts 12.Gross amounts(e.g.,notional amounts): 12. a.Futures contracts RCON8693 0 RCON8694 0 RCON8695 0 RCON8696 0 12.a. b.Forward contracts RCON8697 923 RCON8698 0 RCON8699 0 RCON8700 0 lab. c.Exchange-traded option contracts: 12.c. 1.Written options RCON8701 0 RCON8702 0 RCON8703 0 RCON8704 0 12ct. 2.Purchased options RCON8705 0 RCON8706 0 RCON8707 0 RCON8708 0 12c2 d.Over-the-counter option contracts: 1.Written options RCON8709 24,917 RCON8710 0 RCON8711 0 RCON8712 0 12d1. 2.Purchased options RCON8713 0 RCON8714 0 RCON8715 0 RCON8716 0 12d2 e.Swaps RCON3450 7,053 RCON3826 0 RCON8719 0 RCON8720 0 12.e. 13.Total gross notional amount of derivative contracts held for RCONA126 0 RCONA127 0 RCON8723 0 RC0N8724 0 13. trading 14.Total gross notional amount of derivative contracts held for RCON8725 32,894 RCON8726 0 RCON8727 0 RCON8728 0 14. purposes other than trading a.Interest rate swaps where the bank has agreed to pay a RCONA589 4,693 14.a. fixed rate 15.Gross fair values of derivative contracts: 15. a.Contracts held for trading: 15.a. 1.Gross positive fair value RCON8733 0 RCON8734 0 RCON8735 0 RCON8736 0 15a1. 2.Gross negative fair value RCON8737 0 RCON8738 0 RCON8739 0 RCON8740 0 15a2 b.Contracts held for purposes other than trading: 15.b. 1.Gross positive fair value RCON8741 668 RCONB742 0 RCON8743 0 RCON8744 0 15b1. 2.Gross negative fair value RCON8745 459 RCON8746 0 RCON8747 0 RCONB748 0 15b2 (Column A) (Column B) (Column C) (Column D) (Column E) Banks and Hedge Funds Sovereign Corporations Securities Firms Governments and All Other • Dollar amounts in thousands Counterparties Item 16 is to be completed only by banks with total assets of$10 billion or mom - 16. 16.Over-the counter derivatives:1 RCONG418 RCONG422 a.Net current credit exposure NR NR 16.a. b.Fair value of collateral: 16.b. RCONG423 RCONG427 16.b.1. 1.Cash-U.S.dollar NR NR RCONG428 RCONG432 16.b.2. 2.Cash-Other currencies NR NR ' RCONG433 RCONG437 16.b.3. 3.U.S.Treasury securities NR NR 4.Not applicable • 16.b.4. 5.Not applicable 16.b.5. 6.Not applicable 16.b.6. RCONG453 RCONG457 16.b.7. • 7.All other collateral NR NR 8.Total fair value of collateral(sum of items 16.b.(1)through RCONG458 RCONG462 16.b.8. (7)) NR NR 1. The$10 billion asset-size test is based on the total assets reported on the June 30,2018,Report of Condition. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 34 Schedule RC-M - Memoranda(Form Type - 041) Dollar amounts in thousands 1.Extensions of credit by the reporting bank to its executive officers,directors,principal shareholders,and their related r ;F $ a', 1 interests as of the report date: • i r s a.Aggregate amount of all extensions of credit to all executive officers,directors,principal shareholders,and their RCON6164 35,671 1.a. related interests b.Number of executive officers,directors,and principal shareholders to whom the amount of all extensions of credit by the reporting bank(including extensions of credit to related interests)equals or exceeds the lesser of RCON6165 4 1.b. $500,000 or 5 percent of total capital as defined for this purpose in agency regulations 2.Intangible assets: 2 a.Mortgage servicing assets RCON3164 2,005 2.a. 1.Estimated fair value of mortgage servicing assets RCONA590 2,063 2.a.1. b.Goodwill RCON3163 199,655 2.b. c.All other intangible assets RCONJF76 17,290 2.c. d.Total(sum of items 2.a,2.b,and 2.c)(must equal Schedule RC,item 10) RCON2143 218,950 2.d. 3.Other real estate owned: L 3. a.Construction,land development,and other land RCON5508 90 3.a. b. Farmland RCON5509 0 3.b. c.1-4 family residential properties RCON5510 65 3.c. d.Multifamily(5 or more)residential properties RCON5511 0 3.d. e.Nonfarm nonresidential properties RCON5512 4,702 3.e. f.Total(sum of items 3.a through 3.e)(must equal Schedule RC,item 7) RCON2150 4,857 3.f. 4.Cost of equity securities with readily determinable fair values not held for trading(the fair value of which is reported RCONJA29 0 4. in Schedule RC,item 2.c)1 5.Other borrowed money: 5. a.Federal Home Loan Bank advances: 5.a. 1.Advances with a remaining maturity or next repricing date of:1 s.a.1. a.One year or less RCONF055 0 5.a.1.a. b.Over one year through three years RCONF056 0 5.a.1.b. c.Over three years through five years RCONF057 0 5.a.1.c. d.Over five years RCONF058 0 5.a.1.d. 2.Advances with a remaining maturity of one year or less(included in item 5.a.(1)(a)above)2 RCON2651 0 5.a.2. 3.Structured advances(included in items 5.a.(1)(a)-(d)above) RCONF059 0 5.a.3. b.Other borrowings: 5.b. 1.Other borrowings with a remaining maturity or next repricing date of:3 5.b.1. a.One year or less RCONF060 96,000 5.b.1.a. b.Over one year through three years RCONF061 0 5.b.1.b. c.Over three years through five years RCONF062 0 5.b.1.c. d.Over five years RCONF063 0 5.b.1.d. 2.Other borrowings with a remaining maturity of one year or less(included in item 5.b.(1)(a)above)4 RCONB571 0 5.b.2. c.Total(sum of items 5.a.(1)(a)-(d)and items 5.b.(1)(a)-(d))(must equal Schedule RC,item 16) RCON3190 96,000 5.c. 6.Does the reporting bank sell private label or third party mutual funds and annuities? RCONB569 Yes 6. 7.Assets under the reporting bank's management in proprietary mutual funds and annuities RCONB570 0 7. 8.Internet Web site addresses and physical office trade names: e. a.Uniform Resource Locator(URL)of the reporting institution's primary Internet Web site(home page),if any TEXT4087 Click here for value 6.a. (Example:www.examplebank.com)• 1. Item 4 is to be completed only by insured state banks that have been approved by the FDIC to hold grandfathered equity investments.See instructions for this item and the Glossary entry for "Securities Activities"for further detail on accounting for investments in equity securities 1. Report fixed-rate advances by remaining maturity and Floating-rate advances by next repricing date. 2. Report both fixed-and Floating-rate advances by remaining maturity.Exclude floating-rate advances with a next repricing date of one year or less that have a remaining maturity of over one year 3. Report fixed-rate other borrowings by remaining maturity and Floating-rate other borrowings by next repricing date. 4. Report both fixed-and Floating-rate other borrowings by remaining maturity.Exclude Floating-rate other borrowings with a next repricing date of one year or less that have a remaining maturity of over one year. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 35 Dollar amounts in thousands b.URLs of all other public-facing Internet Web sites that the reporting institution uses to accept or solicit deposits 5 ', h = from the public,if any(Example:www.examplebank.biz):1 1.URL 1 TE01N528 Click here for value 8.b.1. 2.URL 2 TE02N528 NR 8.b.2. 3.URL 3 TE03N528 NR 8.b.3. 4.URL 4 TE04N528 NR 8.b.4. 5.URL 5 TE05N528 NR 8.b.5. 6.URL 6 TEO6N528 NR 8.b.6. 7.URL 7.. TE07N528 NR 8.b.7. 8.URL 8 TEO8N528 NR 8.b.8. 9.URL 9 TE09N528 NR 8.b.9. 10.URL 10 TE10N528 NR 8.b.10. c.Trade names other than the reporting institution's legal title used to identify one or more of the institution's : (r)17: 4 "' •' 8.c. physical offices at which deposits are accepted or solicited from the public,if any: s (.�r 1r ;., h >`, 1.Trade name 1 TE01N529 NR 8.c.1. 2.Trade name 2 TE02N529 NR 8.c.2. 3.Trade name 3 TE03N529 NR 8.c.3. 4.Trade name 4 TE04N529 NR 8.c.4. 5.Trade name 5 TE05N529 NR 8.c.5. 6.Trade name 6 TE06N529 NR 8.c.6. Item 9 is to be completed annually in the December report only. 9.Do any of the bank's Internet Web sites have transactional capability,i.e.,allow the bank's customers to execute RCON4088 Yes 9. transactions on their accounts through the Web site? 10.Secured liabilities: i° r 10. a.Amount of"Federal funds purchased"that are secured(included in Schedule RC,item 14.a) RCONF064 0 10.a. b.Amount of"Other borrowings"that are secured(included in Schedule RC-M,items 5.b.(1)(a)-(d)) RCONF065 0 10.b. 11.Does the bank act as trustee or custodian for Individual Retirement Accounts,Health Savings Accounts,and other RCONG463 Yes 11. similar accounts? 12.Does the bank provide custody,safekeeping,or other services involving the acceptance of orders for the sale or RCONG464 No 12. purchase of securities? 13.Assets covered by loss-sharing agreements with the FDIC: �y� ,x r.A�'a ��;': 13• a.Loans and leases(included in Schedule RC,items 4.a and 4.b): a gi „;sue ;S 13.a. 1.Loans secured by real estate: 13.a.1. a.Construction,land development,and other land loans: _ a' r a '' 13.a.1.a. . 1.1-4 family residential construction loans RCONK169 0 13.a.1.a1. 2.Other construction loans and all land development and other land loans RCONK170 0 132.1a2 b.Secured by farmland RCONK171 0 13.a.1.b. c.Secured by 1-4 family residential properties: t'I+ 13.a.1.c. 1.Revolving,open-end loans secured by 1-4 family residential properties and extended under lines RCONK172 0 13a1.c1. of credit 2.Closed-end loans secured by 1-4 family residential properties: s ' ` r` 13.a.1.c2 a.Secured by first liens RCONK173 0 13a1.c2a b.Secured by junior liens RCONK174 0 13a1c2h d.Secured by multifamily(5 or more)residential properties RCONK175 0 13.a.1.d. e.Secured by nonfarm nonresidential properties: ' r- :4 L`a,`b a, 13.a.1.e. 1.Loans secured by owner-occupied nonfarm nonresidential properties RCONK176 0 13a.1.e.1. 2.Loans secured by other nonfarm nonresidential properties RCONK177 0 139.1.92 2.Not applicable ' a 13.a.2. 3.Not applicable o- 3 `,o-F: a w �„'s. 4.Not applicable 1 : � ;. � ? 13.a.4. 5.All other loans and all leases RCONK183 0 13.a.5. b.Other real estate owned(included in Schedule RC,item 7): $`! 13.b. 1. Report only highest level URLs(for example,report www.examplebank.biz,but do not also report www.examplebank.biz/checking).Report each top level domain name used(for example, report both www.examplebank.biz and www.examplebank.net). CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 36 Dollar amounts in thousands 1.Construction,land development,and other land RCONK187 0 13.b.1. 2.Farmland RCONK188 0 13.b.2. 3.1-4 family residential properties RCONK189 0 13.b.3. 4.Multifamily(5 or more)residential properties RCONK190 0 13.6.4. 5.Nonfarm nonresidential properties RCONK191 0 13.b.5. 6.Not applicable 13.b.6. 7.Portion of covered other real estate owned included in items 13.b.(1)through(5)above that is protected RCONK192 0 13.b.7. by FDIC loss-sharing agreements c.Debt securities(included in Schedule RC,items 2.a and 2.b) RCONJ461 0 13.c. d.Other assets(exclude FDIC loss-sharing indemnification assets) RCONJ462 0 13.d. • Items 14.a and 14.6 am to be completed annually in the December report only. 14 14.Captive insurance and reinsurance subsidiaries: a.Total assets of captive insurance subsidiaries1 RCONK193 0 14.a. b.Total assets of captive reinsurance subsidiaries1 RCONK194 0 14.b. Item 15 is to be completed by institutions that am required or have elected to be treated as a Qualified Thrift Lender. 15 15.Qualified Thrift Lender(QTL)test: a.Does the institution use the Home Owners'Loan Act(HOLA)QTL test or the Internal Revenue Service Domestic Building and Loan Association(IRS DBLA)test to determine its QTL compliance?(for the HOLA QTL test,enter RCONL133 NR 15.a. 1;for the IRS DBLA test,enter 2) b.Has the institution been in compliance with the HOLA QTL test as of each month end during the quarter or the RCONLI35 NR 15.6. IRS DBLA test for its most recent taxable year,as applicable? Item 16.a and,if appropriate,items 16.c and 16.d are to be completed semiannually in the June and December reports only.Item 16.6 is • lobe completed annually in the June report only. 16. 16.International remittance transfers offered to consumers: a.As of the report date,did your institution offer to consumers in any state any of the following mechanisms for 16.a. sending international remittance transfers? _ 1.International wire transfers RCONN517 Yes 16.a.1. 2.International ACH transactions RCONN518 No 16.a.2. 3.Other proprietary services operated by your institution RCONN519 No 16.a.3. 4.Other proprietary services operated by another party RCONN520 No 16.a.4. b.Did your institution provide more than 100 international remittance transfers in the previous calendar year or does your institution estimate that it will provide more than 100 international remittance transfers in the current RCONN521 NR 16.b. calendar year? Items 16.c and 16.d am to be completed by institutions that answered"Yes"to item 16.6 in the current report or,if item 16.b is not required to be completed in the current report,in the most recent prior report in which item 16.b was required to be completed. c.Indicate which of the mechanisms described in items 16.a.(1),(2),and(3)above is the mechanism that your institution estimates accounted for the largest number of international remittance transfers your institution provided RCONN522 NR 16.c. during the two calendar quarters ending on the report date.(For international wire transfers,enter 1;for international ACH transactions,enter 2;for other proprietary services operated by your institution,enter 3.If your institution did not provide any international remittance transfers using the mechanisms described in items 16.a.(1),(2),and (3)above during the two calendar quarters ending on the report date,enter 0.) d.Estimated number and dollar value of international remittance transfers provided by your institution during the 16.d. two calendar quarters ending on the report date: 1.Estimated number of international remittance transfers RCONN523 NR 16.d.1. 2.Estimated dollar value of international remittance transfers RCONN524 NR 16.d.2. 3.Estimated number of international remittance transfers for which your institution applied the temporary RCONN527 NR 16.d.3. exception 17.U.S.Small Business Administration Paycheck Protection Program(PPP)loans and the Federal Reserve PPP 17. Liquidity Facility(PPPLF):1 a.Number of PPP loans outstanding RCONLG26 1851 17.a. b.Outstanding balance of PPP loans RCONLG27 197,547 17.b. c.Outstanding balance of PPP loans pledged to the PPPLF RCONLG28 0 17.c. d.Outstanding balance of borrowings from Federal Reserve Banks under the PPPLF with a remaining maturity , t 17.d. of: 1.One year or less RCONLL59 0 17.d.1. 2.More than one year RCONLL60 0 17.d.2. 1. Report total assets before eliminating intercompany transactions between the consolidated insurance or reinsurance subsidiary and other offices or consolidated subsidiaries of the reporting bank. 1. Paycheck Protection Program(PPP)covered loans as defined in section 7(a)(36)of the Small Business Act(15 U.S.C.636(a)(36)).The PPP was established by Section 1102 of the 2020 Coronavirus Aid,Relief,and Economic Security Act. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 37 Dollar amounts in thousands e.Quarterly average amount of PPP loans pledged to the PPPLF and excluded from"Total assets for the leverage RCONLL57 0 17.e. ratio"reported in Schedule RC-R,Part I,item 30 18.Money Market Mutual Fund Liquidity Facility(MMLF): 18. a.Outstanding balance of assets purchased under the MMLF RCONLL61 0 18.a. b.Quarterly average amount of assets purchased under the MMLF and excluded from"Total assets for the RCONLL58 0 18.b. leverage ratio"reported in Schedule RC-R,Part I,item 30 (TE01N528)edeposit.centralbancompany.com (TEXT4087)www.centralbank.net CENTRAL BANK OF THE MIDWEST FFIEC 041 ' RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 38 Schedule RC-N - Past Due and Nonaccrual Loans Leases and Other Assets(Form Type - 041) Amounts reported in Schedule RC-N,items 1 through 8,include guaranteed and unguaranteed portions of past due and nonaccrual loans and leases.Report in items 10 and 11 below certain guaranteed loans and leases that have already been included in the amounts reported in items 1 through 8 (Column A)Past due 30 (Column B)Past due 90 (Column C)Nonaccrual through 89 days and still days or more and still Dollar amounts in thousands , accruing accruing 1.Loans secured by real estate: a.Construction,land development,and other land loans: 1 a. 1.1-4 family residential construction loans RCONF172 340 RCONF174 0 RCONF176 0 1.a.1. 2.Other construction loans and all land development and other land RCONF173 21 RCONFI75 0 RCONF177 0 1.a.2. loans b.Secured by farmland RCON3493 0 RCON3494 0 RCON3495 57 t.b. c.Secured by 1-4 family residential properties: 1.c. 1.Revolving,open-end loans secured by 1-4 family residential RCON5398 104 RCON5399 0 RCON5400 464 1.c.1. properties and extended under lines of credit 2.Closed-end loans secured by 1-4 family residential properties: - 1•a2. a.Secured by first liens RCONC236 1,135 RCONC237 0 RCONC229 1,840 1c2a b.Secured by junior liens RCONC238 0 RCONC239 0 RCONC230 113 1c2h d.Secured by multifamily(5 or more)residential properties RCON3499 0 RCON3500 0 RCON3501 0 1.d. e.Secured by nonfarm nonresidential properties: 1.e. 1.Loans secured by owner-occupied nonfarm nonresidential RCONF178 805•RCONFI80 0 RCONF182 3,591 1.e.1. properties 2.Loans secured by other nonfarm nonresidential properties RCONF179 391 RCONF181 0 RCONF183 19 1.e.2. 2.Loans to depository institutions and acceptances of other banks RCONB834 0 RCONB835 0 RCONBB36 0 2. 3.Not applicable 3• 4.Commercial and industrial loans RCON1606 118 RCON1607 0 RCON1608 681 4. 5.Loans to individuals for household,family,and other personal expenditures: 5. a.Credit cards RCONB575 153 RCONB576 58 RCONB577 0 5.a. b.Automobile loans RCONK213 667 RCONK214 0 RCONK215 1,138 5.b. c.Other(includes revolving credit plans other than credit cards and other RCONK216 623 RCONK217 0 RCONK218 1,065 5.c. consumer loans) 6.Not applicable 5. 7.All other loansl RCON5459 42 RCON5460 0 RCON5461 339 7. 8.Lease financing receivables RCON1226 0 RCON1227 0 RCON1228 0 8. 9.Total loans and leases(sum of items 1 through 8) RCON1406 4,399 RCON1407 58 RCON1403 9,307 9. 10.Debt securities and other assets(exclude other real estate owned and RCON3505 0 RCON3506 0 RCON3507 0 10. other repossessed assets) 11.Loans and leases reported in items 1 through 8 above that are wholly or partially guaranteed by the U.S.Government,excluding loans and leases RCONK036 0 RCONK037 0 RCONK038 1,944 11. covered by loss-sharing agreements with the FDIC' a.Guaranteed portion of loans and leases included in item 11 above, RCONK039 0 RCONK040 0 RCONK041 1,780 11.a. excluding rebooked"GNMA loans" b.Rebooked"GNMA loans"that have been repurchased or are eligible RCONK042 0 RCONK043 0 RCONK044 0 11.b. for repurchase included in item 11 above 12.Loans and leases reported in items 1 through 8 above that are covered by 12 loss-sharing agreements with the FDIC: a.Loans secured by real estate: 1.Construction,land development,and other land loans: 12a1. a.1-4 family residential construction loans RCONK045 0 RCONK046 0 RCONK047 0 12a1a b.Other construction loans and all land development and other RCONK048 0 RCONK049 0 RCONK050 0 l2alb land loans 2.Secured by farmland RCONK051 0 RCONK052 0 RCONK053 0 12.a2 3.Secured by 1-4 family residential properties: lzaa a.Revolving,open-end loans secured by 1-4 family residential RCONK054 0 RCONK055 0 RCONK056 0 12a3a properties and extended under lines of credit 1. Includes past due and nonaccrual°Loans to finance agricultural productions and other loans to farmers,''Obligations(other than securities and leases)of states and political subdivisions in the U.S.,"and'Loans to nondepository financial institutions and other loans." CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 39 (Column A)Past due 30 (Column 13)Past due 90 (Column C)Nonaccrual through 89 days and still days or more and still Dollar amounts in thousands accruing accruing b.Closed-end loans secured by 1-4 family residential properties `; " ¢ :.. '. ?r r. A' ;', s 12a3b 1.Secured by first liens RCONK057 0 RCONK058 0 RCONK059 0 •IYdK 2.Secured by junior liens RCONK060 0 RCONK061 0 RCONK062 0 toile 4.Secured by multifamily(5 or more)residential properties RCONK063 0 RCONK064 0 RCONK065 0 12a4. -r.;� ••+3•'-!'- ysj-f `'''''' ''.Y.';':).:t,`.. - 125. - 5.Secured by nonfarm nonresidential properties: ; .;.. - a.Loans secured by owner-occupied nonfarm nonresidential RCONK066 0 RCONK067 0 RCONK068 0 12a5a properties b.Loans secured by other nonfarm nonresidential properties RCONK069 0 RCONK070 0 RCONK071 0 12a5b b.Not applicable e a+ d« '. ':.tx, i' �'E 12.b. c.Not asa ffi applicable fir ' �` x}�m a: , r x x 12.c. d.Not applicable ? j' ?"•, ` '' 12d. e.All other loans and all leases RCONK087 0 RCONK0B8 0 RCONK089 0 12.e. f.Portion of covered loans and leases included in items 12.a through 12.e RCONK102 0 RCONK103 0 RCONK104 0 12.f. above that is protected by FDIC loss-sharing agreements 1.Loans restructured in troubled debt restructurings included in Schedule �i;' x, i'; RC-N,items 1 through 7,above(and not reported in Schedule RC-C,Part 1 ;'.r i s A`: � r ,. ,-. 4 t% M.1. Memorandum item 1): 7..; ',r-. A7< +i a.Construction,land development,and other land loans: 1.1-4 family residential construction loans RCONK105 0 RCONK106 0 RCONK107 0 M1a1. 2.Other construction loans and all land development and other land RCONK108 0 RCONK109 0 RCONK110 0 M1a2 loans b.Loans secured by 1-4 family residential properties RCONF661 0 RCONF662 0 RCONF663 1,598 M.1.b. c.Secured by multifamily(5 or more)residential properties RCONK111 0 RCONK112 0 RCONK113 0 M.1.o. d.Secured by nonfarm nonresidential properties: M•1•d. 1.Loans secured by owner-occupied nonfarm nonresidential RCONK114 0 RCONK115 0 RCONK116 0 M1d1. properties ' 2.Loans secured by other nonfarm nonresidential properties RCONK117 0 RCONK118 0 RCONK119 0 M1d2 e.Commercial and industrial loans RCONK257 0 RCONK258 0 RCONK259 0 M.1.e. Memorandum items 1.e.(1)and(2)are to be completed by banks with$300 million or more in total assets(sum of Memorandum items 1.e.(1)and(2)must equal Memorandum item 1.e): RCONK120 0 RCONK121 0 RCONK122 0 M1a1. 1.To U.S.addressees(domicile)1 2.To non-U.S.addressees(domicile) RCONK123 0 RCONK124 0 RCONK125 0 M1e2 f.All other loans(include loans to individuals for household,family,and RCONK126 0 RCONKI27 0 RCONK128 0 M.1.f. other personal expenditures) Itemize loan categories included in Memorandum item 11,above that exceed 10 percent of total loans restructured in troubled debt restructurings that are past due 30 days or more or in nonaccrual status(sum of Memorandum items 1.a RCONK130 0 RCONK131 0 RCONK132 0 M1.f1. through 1.e plus 1.f,columns A through C): 1.Loans secured by farmland 2.Not applicable r M1.f2 3.Not applicable 7 ` 3i Mtf3 4.Loans to individuals for household,family,and other personal ' "4,1', E;, .,` RUM.expenditures: a.Credit cards RCONK274 0 RCONK275 0 RCONK276 0 M1ita b.Automobile loans RCONK277 0 RCONK278 0 RCONK279 0 M1f4b c.Other(includes revolving credit plans other than credit cards RCONK280 0 RCONK281 0 RCONK282 0 M1f4c and other consumer loans) Memorandum item 1.1(5)is to be completed by: •Banks with$300 million or mom in total assets •Banks with less than$300 million in total assets that have loans to finance agricultural production and other loans to farmers(Schedule RC-C,Part I,item RCONK138 0 RCONK139 0 RCONK140 0 Nt1t5 3)exceeding 5 percent of total loans 5.Loans to finance agricultural production and other loans to farmers included in Schedule RC-N,Memorandum item 1.f,abovel 1. The$300 million asset-size test is based on the total assets reported on the June 30,2018,Report of Condition. 1. The$300 million asset-size test and the 5 percent of total loans test are based on the total assets and total loans reported on the June 30,2018,Report of Condition. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 40 (Column A)Past due 30 (Column B)Past due 90 (Column C)Nonaccrual through 89 days and still days or more and still Dollar amounts in thousands accruing accruing g.Total loans restructured in troubled debt restructurings included in Schedule RC-N,items 1 through 7,above and not reported in Schedule RC-C,Part I,Memorandum item 1(sum of items Memorandum item 1.a.(1) RCONHK26 0 RCONHK27 0 RCONHK28 1,598 M.1.g. through Memorandum item 1.f)2 2.Loans to finance commercial real estate,construction,and land development activities(not secured by real estate)included in Schedule RC-N,items 4 and RCON6558 0 RCON6559 0 RCON6560 209 M.2. 7,above 3.Not available • M.3. Memorandum items 3.a through 3.d are to be completed by banks with$300 million or more in total assets: a.Loans secured by real estate to non-U.S.addressees(domicile) RCON1248 0 RCON1249 0 RCON1250 0 M.3.a (included in Schedule RC-N,item 1,above)1 b.Loans to and acceptances of foreign banks(included in Schedule RC-N, RCON5380 0 RCON5381 0 RCON5382 0 M.3.b. item 2,above) c.Commercial and industrial loans to non-U.S.addressees(domicile) RCON1254 0 RCON1255 0 RCON1256 0 M.3.a (included in Schedule RC-N,item 4,above) d.Leases to individuals for household,family,and other personal RCONF166 0 RCONF167 0 RCONF168 0 M.3.d. expenditures(included in Schedule RC-N,item 8,above) Memorandum item 4 is to be completed by: •banks with$300 million or more in total assets •banks with less than$300 million in total assets that have loans to finance agricultural • production and other loans to farmers(Schedule RC-C,Part 1,item 3)exceeding 5 percent RCON1594 3 RCON1597 0 RCON1583 1 M.4. of total loans: 4.Loans to finance agricultural production and other loans to farmers(included in Schedule RC-N,item 7,above)1 5.Loans and leases held for sale(included in Schedule RC-N,items 1 through RCONC240 0 RCONC241 0 RCONC226 0 M.S. 8,above) Dollar amounts in thousands 6.Not applicable M.6. Dollar amounts in thousands Memorandum items 7,8,9.a,and 9.b are to be completed semiannually in the June and December reports only. RCONC410 5,73E M.7. 7.Additions to nonaccrual assets during the previous six months 8.Nonaccrual assets sold during the previous six months RCONC411 0 M.8. (Column A)Past due 30 (Column B)Past due 90 (Column C)Nonaccrual through 89 days and still days or more and still Dollar amounts in thousands accruing accruing 9.Purchased credit-impaired loans accounted for in accordance with FASB M.9. ASC 310-30(former AICPA Statement of Position 03-3):2 a.Outstanding balance RCONL183 0 RCONL184 0 RCONL185 2,223 M.9.a b.Amount included in Schedule RC-N,items 1 through 7,above RCONL186 0 RCONL187 0 RCONL188 2,223 M.9.b. 2. Exclude amounts reported in Memorandum items 1.t(1)through 1.1(5)when calculating the total in Memorandum item 1.g. 1. The$300 million asset-size test and the 5 percent of total loans test are based on the total assets and total loans reported on the June 30,2018,Report of Condition. 1. The$300 million asset-size test and the 5 percent of total loans test are based on the total assets and total loans reported on the June 30,2018,Report of Condition. 2. Memorandum items 9.a and 9.b should be completed only by institutions that have not yet adopted ASU 2016-13. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 41 Schedule RC-0 - Other Data for Deposit Insurance and FICO Assessments(Form Type - 041) All FDIC-insured depository institutions must complete items 1 and 2,4 through 9,10,and 11,Memorandum item 1,and,if applicable,item 9.a,Memorandum items 2,3, and 6 through 18 each quarter.Unless otherwise indicated,complete items 1 through 11 and Memorandum items 1 through 3 on an"unconsolidated single FDIC certificate number basis"(see instructions)and complete Memorandum items 6 through 18 on a fully consolidated basis. Dollar amounts in thousands 1.Total deposit liabilities before exclusions(gross)as defined in Section 3(I)of the Federal Deposit Insurance Act and RCONF236 3,040,008 1. FDIC regulations 2.Total allowable exclusions,including interest accrued and unpaid on allowable exclusions RCONF237 0 2. 3.Not applicable 3. 4.Average consolidated total assets for the calendar quarter RCONK652 3,645,270 4. a.Averaging method used(for daily averaging,enter 1;for weekly averaging,enter 2) RCONK653 1 4.a. 5.Average tangible equity for the calendar quarters RCONK654 297,360 5. 6.Holdings of long-term unsecured debt issued by other FDIC-insured depository institutions RCONK655 0 6. 7.Unsecured"Other borrowings"with a remaining maturity of(sum of items 7.a through 7.d must be less than or equal 7 to Schedule RC-M,items 5.b.(1)(a)-(d)minus item 10.b): a.One year or less RCONG465 0 7.a. b.Over one year through three years RCONG466 96,000 7.b. c.Over three years through five years RCONG467 0 7.c. d.Over five years RCONG468 0 7.d. 8.Subordinated notes and debentures with a remaining maturity of(sum of items 8.a through 8.d must equal Schedule 8 RC,item 19): a.One year or less RCONG469 0 8.a. b.Over one year through three years RCONG470 0 8.b. c.Over three years through five years RCONG471 0 8.c. d.Over five years RCONG472 0 8.d. 9.Brokered reciprocal deposits(included in Schedule RC-E,Memorandum item 1.b) RCONG803 0 9. Item 9.a is to be completed on a fully consolidated basis by all institutions that own another insured depository institution. RCONL190 NR 9.a. a.Fully consolidated brokered reciprocal deposits 10.Banker's bank certification:Does the reporting institution meet both the statutory definition of a banker's bank and the business conduct test set forth in FDIC regulations?If the answer to item 10 is"YES,"complete items 10.a and RCONK656 No 10. 10.b If the answer to item 10 is NES,"complete items 10.a and l0.b. RCONK657 NR iO.a. a.Banker's bank deduction b.Banker's bank deduction limit RCONK658 NR 10.b. 11.Custodial bank certification:Does the reporting institution meet the definition of a custodial bank set forth in FDIC RCONK659 No 11. regulations?If the answer to item 11 is"YES,"complete items 11.a and 11.b If the answer to item 11 is"YES,'complete items 11.a and 11.b. RCONK660 NR 11.a. a.Custodial bank deduction b.Custodial bank deduction limit RCONK661 NR tt.b. 1.Total deposit liabilities of the bank(including related interest accrued and unpaid)less allowable exclusions(including related interest accrued and unpaid)(sum of Memorandum items 1.a.(1),1.b.(1),1.c.(1),and 1.d.(1)must equal M.1. Schedule RC-0,item 1 less item 2): a.Deposit accounts(excluding retirement accounts)of$250,000 or less:1 M.1.a. 1.Amount of deposit accounts(excluding retirement accounts)of$250,000 or less RCONF049 1,864,874 M.1.a.l. 2.Number of deposit accounts(excluding retirement accounts)of$250,000 or less RCONF050 166491 M.1.a.2. b.Deposit accounts(excluding retirement accounts)of more than$250,000:1 M.1.b. 1.Amount of deposit accounts(excluding retirement accounts)of more than$250,000 RCONF051 1,125,573 M.1.b.1. 2.Number of deposit accounts(excluding retirement accounts)of more than$250,000 RCONF052 1562 M.1.b.2. c.Retirement deposit accounts of$250,000 or less:1 M.1.c. 1.Amount of retirement deposit accounts of$250,000 or less RCONF045 46,647 M.1.c.i. 2.Number of retirement deposit accounts of$250,000 or less RCONF046 3222 M.1.c.2. d.Retirement deposit accounts of more than$250,000:1 M.1.d. 1. See instructions for averaging methods.For deposit insurance assessment purposes,tangible equity is defined as Tier 1 capital as set forth in the banking agencies'regulatory capital standards and reported in Schedule RC-R,Part I,item 26,except as described in the instructions. 1. The dollar amounts used as the basis for reporting in Memorandum items 1.a through 1.d reflect the deposit insurance limits in effect on the report date. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 42 Dollar amounts in thousands 1.Amount of retirement deposit accounts of more than$250,000 RCONF047 2,914 M.1.8.1. 2.Number of retirement deposit accounts of more than$250,000 RCONF048 8 M.1.d.2. Memorandum item 2 is to be completed by banks with$1 billion or more in total assets. RCON5597 530,202 M.2. 2.Estimated amount of uninsured deposits,including related interest accrued and unpaid(see instructions)3 3.Has the reporting institution been consolidated with a parent bank or savings association in that parent bank's or parent savings association's Call Report?If so,report the legal title and FDIC Certificate Number of the parent bank ! M.3. or parent savings association: , a.Legal title TEXTA545 NR M.3.a. b.FDIC Certificate Number RCONA545 0 M.3.b. 4.Not applicable n)• f y! M.4. 5.Not applicable e ;: M.5. Memorandum items 6 through 12 are to be completed by"large institutions'and'highly complex institutions'as defined in FDIC regulations. x _ 's 1h. "4 M.6. 6.Criticized and classified items: a.Special mention RCONK663 CONF M.6.a. b.Substandard RCONK664 CONF M.6.b. c.Doubtful RCONK665 CONF M.6.c. d.Loss RCONK666 CONF M.s.d. 7."Nontraditional 1-4 family residential mortgage loans"as defined for assessment purposes only in FDIC regulations: M•7• a.Nontraditional 1-4 family residential mortgage loans RCONN025 CONF M.7.a. b.Securitizations of nontraditional 1-4 family residential mortgage loans RCONN026 CONF M.7.b. 8."Higher-risk consumer loans"as defined for assessment purposes only in FDIC regulations: M.e. a.Higher-risk consumer loans RCONN027 CONF M.6.a. b.Securitizations of higher-risk consumer loans RCONN028 CONF M.8.b. 9."Higher-risk commercial and industrial loans and securities"as defined for assessment purposes only in FDIC M 9 regulations: a.Higher-risk commercial and industrial loans and securities RCONN029 CONF M.9.a. b.Securitizations of higher-risk commercial and industrial loans and securities RCONN030 CONF M.9.b. 10.Commitments to fund construction,land development,and other land loans secured by real estate: a.Total unfunded commitments RCONK676 NR M.1o.a. b.Portion of unfunded commitments guaranteed or insured by the U.S.government(including the FDIC) RCONK677 NR M.10.b. 11.Amount of other real estate owned recoverable from the U.S.government under guarantee or insurance provisions RCONK669 NR M.t 1. (excluding FDIC loss-sharing agreements) 12.Nonbrokered time deposits of more than$250,000(included in Schedule RC-E,Memorandum item 2.d) RCONK678 NR M.12. Memorandum item 13.a is to be completed by"large institutions"and"highly complex institutions"as defined in FDIC regulations. Memorandum items 13.b through 13.h am to be completed by"large institutions'only. M.13. 13.Portion of funded loans and securities guaranteed or insured by the U.S.government(including FDIC loss-sharing agreements): a.Construction,land development,and other land loans secured by real estate RCONN177 NR M.13.a. b.Loans secured by multifamily residential and nonfarm nonresidential properties RCONN178 NR M.13.b. c.Closed-end loans secured by first liens on 1-4 family residential properties RCONN179 NR M.13.c. d.Closed-end loans secured by junior liens on 1-4 family residential properties and revolving,open-end loans RCONNI80 NR M.13.d. secured by 1-4 family residential properties and extended under lines of credit e.Commercial and industrial loans RCONN181 NR M.13.e. f.Credit card loans to individuals for household,family,and other personal expenditures RCONN182 NR M.13.f. g.All other loans to individuals for household,family,and other personal expenditures RCONN183 NR M.13.g. h.Non-agency residential mortgage-backed securities RCONM963 NR M.13.h. Memorandum items 14 and 15 am to be completed by highly complex institutions'as defined in FDIC regulations. RCONK673 CONF M.14. 14.Amount of the institution's largest counterparty exposure 15.Total amount of the institution's 20 largest counterparty exposures RCONK674 CONF M.15. Memorandum item 16 is to be completed by"large institutions"and"highly complex institutions"as defined in FDIC regulations. 16.Portion of loans restructured in troubled debt restructurings that are in compliance with their modified terms and RCONL189 NR M.16. are guaranteed or insured by the U.S.government(including the FDIC)(included in Schedule RC-C,part I,Memorandum item 1) 3. Uninsured deposits should be estimated based on the deposit insurance limits set forth in Memorandum items 1.a through 1.d. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 43 Dollar amounts in thousands Memorandum item 17 is to be completed on a fully consolidated basis by those"large institutions"and"highly complex institutions"as defined in FDIC regulations that own another insured depository institution. _ M.17. 17.Selected fully consolidated data for deposit insurance assessment purposes: a.Total deposit liabilities before exclusions(gross)as defined in Section 3(1)of the Federal Deposit Insurance RCONL194 NR M.17.a. Act and FDIC regulations b.Total allowable exclusions,including interest accrued and unpaid on allowable exclusions RCONL195 NR M.17.b. c.Unsecured"Other borrowings"with a remaining maturity of one year or less RCONL196 NR M.17.c. d.Estimated amount of uninsured deposits,including related interest accrued and unpaid RCONL197 NR M.17.d. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 44 (Column (Column (Column (Column (Column (Column (Column (Column (Column I) (Column (Column (Column (Column (Column (Column A) B) C) D) E) F) G) H) Two-Year J) K) L) M) N) 0)PDs Two-Year Two-Year Two-Year Two-Year Two-Year Two-Year Two-Year Two-Year Probability Two Year Two-Year Two-Year Two-Year Two-Year Were Probability Probability Probability Probability Probability Probability Probability Probability of Default Probability Probability Probability Probability Probability Derived of Default of Default of Default of Default of Default of Default of Default of Default (PD) of Default of Default of Default of Default of Default Using (PD)<= (PD) (PD) (PD) (PD) (PD) (PD) (PD) 20.01-22% (PD) (PD) (PD)> (PD) (PD)Total Dollar amounts in thousands 1% 1.01-4% 4.01-7% 7.01-10% 10.01-14% 14.01-16%16.01-18%18.01-20% 22.01-26%26.01-30% 30% Unsconaabb 18.Outstanding balance of 1-4 family residential mortgage loans,consumer loans, and consumer leases by two-year probability M18. of default: a."Nontraditional 1-4 family residential mortgage loans"as defined for assessment purposes only in FDIC RCONM964 RCONM965 RCONM966 RCONM967 RCONM968 RCONM969 RCONM970 RCONM971 RCONM972 RCONM973 RCONM974 RCONM975 RCONM976 RCONM977 RCONM978 M183 regulations CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF b.Closed-end loans secured by first liens RCONM979 RCONM980 RCONM9B1 RCONM982 RCONM983 RCONM984 RCONM985 RCONM986 RCONM987 RCONM988 RCONM989 RCONM990 RCONM991 RCONM992 RCONM993 on 1-4 family residential properties CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF M1� c.Closed-end loans secured by junior liens on 1-4 family residential RCONM994 RCONM995 RCONM996 RCONM997 RCONM998 RCONM999 RCONN001 RCONN0D2 RCONN003 RCONN004 RCONN005 RCONN006 RCONN007 RCONN008 RCONN009 Ma properties CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF d.Revolving,open-end loans secured by 1-4 family residential properties and RCONN010 RCONN011 RCONN012 RCONN013 RCONN014 RCONN015 RCONN016 RCONN017 RCONN018 RCONN019 RCONN020 RCONN021 RCONN022 RCONN023 RCONN024 MIsf extended under lines of credit CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF RCONN040 RCONN041 RCONN042 RCONN043 RCONN044 RCONN045 RCONN046 RCONN047 RCONN048 RCONN049 RCONN050 RCONN051 RCONN052 RCONN053 RCONN054 e.Credit cards CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF Mlat RCONN055 RCONN056 RCONN057 RCONN058 RCONN059 RCONN060 RCONN061 RCONN062 RCONN063 RCONN064 RCONN065 RCONN066 RCONN067 RCONN068 RCONN069 f.Automobile loans CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF Miaf RCONN070 RCONN071 RCONN072 RCONN073 RCONN074 RCONN075 RCONN076 RCONN077 RCONN078 RCONN079 RCONN080 RCONN081 RCONN082 RCONN083 RCONN084 g.Student loans CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF Mg h.Other consumer loans and revolving RCONN085 RCONN086 RCONN087 RCONN088 RCONN089 RCONN090 RCONN091 RCONN092 RCONN093 RCONN094 RCONN095 RCONN096 RCONN097 RCONN098 RCONN099 credit plans other than credit cards CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF MIBr RCONN100 RCONN101 RCONN102 RCONN103 RCONN104 RCONN105 RCONN106 RCONN107 RCONN108 RCONN109 RCONN110 RCONN111 RCONN112 RCONN113 RCONN114 i.Consumer leases CONF CONF CONF CONF CONE CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF M181 RCONN115 RCONN116 RCONN117 RCONN118 RCONN119 RCONN120 RCONN121 RCONN122 RCONN123 RCONN124 RCONN125 RCONN126 RCONN127 RCONN128 MtBj j.Total CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CONF CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 45 Schedule RC-P - 1-4 Family Residential Mortgage Banking Activities(Form Type - 041) Schedule RC-P is to be completed by banks at which either 1-4 family residential mortgage loan originations and purchases for resale from all sources,loan sales,or quarter-end loans held for sale or trading exceed$10 million for two consecutive quarters. Dollar amounts in thousands 1.Retail originations during the quarter of 1-4 family residential mortgage loans for sales RCONHT81 59,773 1. 2.Wholesale originations and purchases during the quarter of 1-4 family residential mortgage loans for sale2 RCONHT82 0 2. 3.1-4 family residential mortgage loans sold during the quarter RCONFT04 59,095 3. 4.1-4 family residential mortgage loans held for sale or trading at quarter-end(included in Schedule RC,items 4.a RCONFT05 4,177 4. and 5) 5.Noninterest income for the quarter from the sale,securitization,and servicing of 1-4 family residential mortgage RIADHT85 2,180 5. loans(included in Schedule RI,items 5.c,5.f,5.g,and 5.i) 6.Repurchases and indemnifications of 1-4 family residential mortgage loans during the quarter ' RCONHT86 196 6. 7.Representation and warranty reserves for 1-4 family residential mortgage loans sold: 7. a.For representations and warranties made to U.S.government agencies and government-sponsored agencies RCONL191 CONF 7.a. b.For representations and warranties made to other parties RCONL192 CONF 7.b. c.Total representation and warranty reserves(sum of items 7.a and 7.b) RCONM288 0 7.c. Schedule RC-Q -Assets and Liabilities Measured at Fair Value on a Recurring Basis(Form Type - 041) Schedule RC-Q is to be completed by banks that: (1)Have elected to report financial instruments or servicing assets and liabilities at fair value under a fair value option with changes in fair value recognized in earnings,or (2)Are required to complete Schedule RC-D,Trading Assets and Liabilities. (Column A)Total (Column B) (Column C) (Column D) (Column E) Fair Value LESS:Amounts Level 1 Fair Level 2 Fair Level 3 Fair Reported on Netted in the Value Value Value Schedule RC Determination of Measurements Measurements Measurements Dollar amounts in thousands Total Fair Value 1.Available-for-sale debt securities and equity securities with readily RCONJA36 RCONG474 RCONG475 RCONG476 RCONG477 1 determinable fair values not held for tradingt 870,083 0 0 870,083 0 2.Not applicable 2. RCONG483 RCONG484 RCONG485 RCONG486 RCONG487 3.Loans and leases held for sale 0 0 0 0 0 3. RCONG488 RCONG489 RCONG490 RCONG491 RCONG492 4.Loans and leases held for investment 2,474 0 0 2,474 0 a' 5.Trading assets: 5. RCON3543 RCONG493 RCONG494 RCONG495 RCONG496 a.Derivative assets 0 0 0 0 0 5.a. RCONG497 RCONG498 RCONG499 RCONG500 RCONG501 b.Other trading assets 0 0 0 0 0 5.b. 1.Nontrading securities at fair value with changes in fair value reported in current earnings(included in Schedule RC-Q,item RCONF240 RCONF6B4 RCONF692 RCONF241 RCONF242 5.b.1. 5.b, above) 0 0 0 0 0 RCONG391 RCONG392 RCONG395 RCONG396 RCONG804 6.All other assets 319 0 0 319 0 6' 7.Total assets measured at fair value on a recurring basis(sum of items RCONG502 RCONG503 RCONG504 RCONG505 RCONG506 1 through 5.b plus item 6) 872,876 0 0 872,876 0 7' RCONF252 RCONF686 RCONF694 RCONF253 RCONF254 8.Deposits 0 0 0 0 0 8. 9.Not applicable 9• 10.Trading liabilities: to. RCON3547 RCONG512 RCONG513 RCONG514 RCONG515 a.Derivative liabilities 0 0 0 0 0 10.a. RCONG516 RCONG517 RCONG518 RCONG519 RCONG520 10.b. b.Other trading liabilities 0 0 0 0 0 11.Not applicable 11. 12.Not applicable 12. 1. Exclude originations and purchases of 1-4 family residential mortgage loans that are held for investment. 2. Exclude originations and purchases of 1-4 family residential mortgage loans that are held for investment. 1. The amount reported in item 1,column A,must equal the sum of Schedule RC,items 2.b and 2.c. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 46 (Column A)Total (Column B) (Column C) (Column D) (Column E) Fair Value LESS:Amounts Level 1 Fair Level 2 Fair Level 3 Fair Reported on Netted in the Value Value Value Schedule RC Determination of Measurements Measurements Measurements Dollar amounts in thousands Total Fair Value RCONG805 RCONG806 RCONG807 RCONG808 RCONG809 13.All other liabilities 459 0 0 459 0 t3' 14.Total liabilities measured at fair value on a recurring basis(sum of RCONG531 RCONG532 RCONG533 RCONG534 RCONG535 items 8 through 13) 459 0 0 459 0 14' 1.All other assets(itemize and describe amounts included in Schedule RC-Q,item 6,that are greater than$100,000 and exceed 25%of item M.1. 6): RCONG536 RCONG537 RCONG538 RCONG539 RCONG540 a.Mortgage servicing assets NR NR NR NR NR M.1.a. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 47 (Column A)Total (Column B) (Column C) (Column D) (Column E) FairValue LESS:Amounts Level 1 Fair Level 2 Fair Level 3 Fair Reported on Netted in the Value Value Value Schedule RC Determination of Measurements Measurements Measurements Dollar amounts in thousands Total Fair Value RCONG541 RCONG542 RCONG543 RCONG544 RCONG545 M.1.b. b.Nontrading derivative assets 319 NR NR 319 NR Dollar amounts in thousands c.Disclose component and the dollar amount of that component: M.t.c. 1.Describe component TEXTG546 NR M.1.c.1. (Column A)Total (Column B) (Column C) (Column D) (Column E) Fair Value LESS:Amounts Level 1 Fair Level 2 Fair Level 3 Fair Reported on Netted in the Value Value Value Schedule RC Determination of Measurements Measurements Measurements Dollar amounts in thousands Total Fair Value RCONG546 RCONG547 RCONG548 RCONG549 RCONG550 M 1 c2 2.Amount of component NR, NR NR NR NR Dollar amounts in thousands d.Disclose component and the dollar amount of that component: M.1.d. 1.Describe component TEXTG551 NR M.1.d.1. • (Column A)Total (Column B) (Column C) (Column D) (Column E) Fair Value LESS:Amounts Level 1 Fair Level 2 Fair Level 3 Fair Reported on Netted in the Value Value Value Schedule RC Determination of Measurements Measurements Measurements Dollar amounts in thousands Total Fair Value RCONG551 RCONG552 RCONG553 RCONG554 RCONG555 M.1.d2 2.Amount of component NR NR NR NR NR Dollar amounts in thousands e.Disclose component and the dollar amount of that component: M.1.e. 1.Describe component TEXTG556 NR M.1.e.1. (Column A)Total (Column B) (Column C) (Column D) (Column E) Fair Value LESS:Amounts Level 1 Fair Level 2 Fair Level 3 Fair Reported on Netted in the Value Value Value Schedule RC Determination of Measurements Measurements Measurements Dollar amounts in thousands Total Fair Value RCONG556 RCONG557 RCONG558 RCONG559 RCONG560 M.1.e2. 2.Amount of component NR NR NR NR NR Dollar amounts in thousands f.Disclose component and the dollar amount of that component: M.1.f. 1.Describe component TEXTG561 NR M.1.f i. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 48 (Column A)Total (Column B) (Column C) (Column D) (Column E) FairValue LESS:Amounts Level 1 Fair Level 2 Fair Level 3 Fair Reported on Netted in the Value Value Value Schedule RC Determination of Measurements Measurements Measurements Dollar amounts in thousands Total Fair Value RCONG561 RCONG562 RCONG563 RCONG564 RCONG565 M.1.f.2. 2.Amount of component NR NR NR NR NR 2.All other liabilities(itemize and describe amounts included in Schedule RC-Q,item 13,that are greater than$100,000 and exceed 25%of item M.2. 13): RCONF261 RCONF689 RCONF697 RCONF262 RCONF263 a.Loan commitments(not accounted for as derivatives) NR NR NR NR NR M.2.a. RCONG566 RCONG567 RCONG568 RCONG569 RCONG570 b.Nontrading derivative liabilities 459 NR NR 459 NR M.2.b. Dollar amounts in thousands c.Disclose component and the dollar amount of that component: M.2.c. 1.Describe component TEXTG571 NR M.2.c.1. (Column A)Total (Column B) (Column C) (Column D) (Column E) Fair Value LESS:Amounts Level 1 Fair Level 2 Fair Level 3 Fair • Reported on Netted in the Value Value Value - Schedule RC Determination of Measurements Measurements Measurements Dollar amounts in thousands Total Fair Value RCONG571 RCONG572 RCONG573 RCONG574 RCONG575 • MZc2 2.Amount of component NR, NR NR NR NR Dollar amounts in thousands • d.Disclose component and the dollar amount of that component: , M.2.d. 1.Describe component TEXTG576 NR M.2.d.1. (Column A)Total (Column B) (Column C) (Column D) (Column E) Fair Value LESS:Amounts Level 1 Fair Level 2 Fair Level 3 Fair Reported on Netted in the Value Value Value Schedule RC Determination of Measurements Measurements Measurements Dollar amounts in thousands Total Fair Value RCONG576 RCONG577 RCONG578 RCONG579 RCONG580 M2d2 2.Amount of component NR NR NR NR NR Dollar amounts in thousands e.Disclose component and the dollar amount of that component: M.2.e. 1.Describe component TEXTG581 NR M.2.e.1. (Column A)Total (Column B) (Column C) (Column D) (Column E) FairValue LESS:Amounts Level 1 Fair Level 2 Fair Level 3 Fair Reported on Netted in the Value Value Value Schedule RC Determination of Measurements Measurements Measurements Dollar amounts in thousands Total Fair Value RCONG581 RCONGSB2 RCONG583 RCONG5B4 RCONG585 M2.e2 2.Amount of component NR NR NR NR NR Dollar amounts in thousands f.Disclose component and the dollar amount of that component: M.2.f. 1.Describe component TEXTG586 NR M.2.f.1. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 49 (Column A)Total (Column B) (Column C) (Column D) (Column E) FairValue LESS:Amounts Level 1 Fair Level 2 Fair Level 3 Fair Reported on Netted in the Value Value Value Schedule RC Determination of Measurements Measurements Measurements Dollar amounts in thousands Total Fair Value RCONG586 RCONG587 RCONG588 RCONG589 RCONG590 M2f2 2.Amount of component NR NR NR NR NR Dollar amounts in thousands 3.Loans measured at fair value(included in Schedule RC-C,Part I,items 1 through 9): M.3. a.Loans secured by real estate: M.3.a. 1.Secured by 1-4 family residential properties RCONHT87 0 M.3.a.1. 2.All other loans secured by real estate RCONHT88 2,474 M.3.a.2. b.Commercial and industrial loans RCONF585 0 M.3.b. c.Loans to individuals for household,family,and other personal expenditures(i.e.,consumer loans)(includes RCONHT89 0 M.3.c. purchased paper) d.Other loans RCONF589 0 M.3.d. 4.Unpaid principal balance of loans measured at fair value(reported in Schedule RC-Q,Memorandum item 3): M.4. a.Loans secured by real estate: M.4.a. 1.Secured by 1-4 family residential properties RCONHT91 0 M.4.a.1. 2.All other loans secured by real estate RCONHT92 2,334 M.4.a.2. b.Commercial and industrial loans RCONF597 0 M.4.b. c.Loans to individuals for household,family,and other personal expenditures(i.e.,consumer loans)(includes RCONHT93 0 M.4.c. purchased paper) d.Other loans RCONF601 0 M.4.d. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 50 Schedule RC-R Part I - Regulatory Capital Components and Ratios(Form Type - 041) Part I is to be completed on a consolidated basis. Dollar amounts in thousands 1.Common stock plus related surplus,net of treasury stock and unearned employee stock ownership plan(ESOP) RCOAP742 409,958 1. shares 2.Retained earnings) RCOAKWOo 90,715 2. To be completed only by institutions that have adopted ASU 2016-13: a.Does your institution have a CECL transition election in effect as of the quarter-end report date?(enter"0"for RCOAJJ29 NR 2.a. No;enter"1"forYes with a 3-year CECL transition election;enter"2"forYes with a 5-year 2020 CECL transition election.) 3.Accumulated other comprehensive income(AOCI) RCOAB530 3,150 3. a.AOCI opt-out election(enter"1"for Yes;enter"0"for No.) RCOAP838 1 3.a. 4.Common equity,tier 1 minority interest includable in common equity tier 1 capital RCOAP839 0 4. 5.Common equity tier 1 capital before adjustments and deductions(sum of items 1 through 4) RCOAP840 503,823 5. 6.LESS:Goodwill net of associated deferred tax liabilities(DTLs) RCOAP841 182,531 6. 7.LESS:Intangible assets(other than goodwill and mortgage servicing assets(MSAs)),net of associated DTLs RCOAP842 15,333 7. 8.LESS:Deferred tax assets(DTAs)that arise from net operating loss and tax credit carryforwards,net of any related RCOAP843 0 8. valuation allowances and net of DTLs 9.AOCI-related adjustments(items 9.a through 9.e are effective January 1,2015)(if entered"1"forYes in item 3.a, complete only items 9.a through 9.e;if entered"0"for No in item 3.a,complete only item 9.f): a.LESS:Net unrealized gains(losses)on available-for-sale debt securities(if a gain,report as a positive value; RCOAP844 3,150 9.a. if a loss,report as a negative value) b.Not applicable. 9.b. c.LESS:Accumulated net gains(losses)on cash flow hedges(if a gain,report as a positive value;if a loss,report RCOAP846 0 9.c. as a negative value) d.LESS:Amounts recorded in AOCI attributed to defined benefit postretirement plans resulting from the initial and subsequent application of the relevant GAAP standards that pertain to such plans(if a gain,report as a RCOAP847 0 9.d. positive value;if a loss,report as a negative value) e.LESS:Net unrealized gains(losses)on held-to-maturity securities that are included in AOCI(if a gain,report RCOAP848 0 9.e. as a positive value;if a loss,report as a negative value) f.LESS:Accumulated net gain(loss)on cash flow hedges included in AOCI,net of applicable income taxes,that relate to the hedging of items that are not recognized at fair value on the balance sheet(if a gain,report as a RCOAP849 NR s.i. positive value;if a loss,report as a negative value)(To be completed only by institutions that entered"0"for No in item 3.a) 10.Other deductions from(additions to)common equity tier 1 capital before threshold-based deductions: • 10. a.LESS:Unrealized net gain(loss)related to changes in the fair value of liabilities that are due to changes in own RCOA4258 0 10.a. credit risk(if a gain,report as a positive value;if a loss,report as a negative value) b.LESS:All other deductions from(additions to)common equity tier 1 capital before threshold-based deductions RCOAP850 0 10.b. 11.Not applicable 11. 12.Subtotal(item 5 minus items 6 through 10.b) RCOAP852 302,809 12. 13.LESS:Investments in the capital of unconsolidated financial institutions,net of associated DTLs,that exceed 25 RCOALB58 0 13. percent of item 12 14.LESS:MSAs,net of associated DTLs,that exceed 25 percent of item 12 RCOALB59 0 14. 15.LESS:DTAs arising from temporary differences that could not be realized through net operating loss carrybacks, RCOALB60 0 15. net of related valuation allowances and net of DTLs,that exceed 25 percent of item 12 16.Not applicable 16. 17.LESS:Deductions applied to common equity tier 1 capital due to insufficient amounts of additional tier 1 capital RCOAP657 0 17. and tier 2 capital to cover deductions) 18.Total adjustments and deductions for common equity tier 1 capital(sum of items 13 through 17) RCOAP858 0 18. 19.Common equity tier 1 capital(item 12 minus item 18) RCOAP859 302,809 19. 20.Additional tier 1 capital instruments plus related surplus RCOAP860 0 20. 21.Non-qualifying capital instruments subject to phase out from additional tier 1 capital RCOAP861 0 21. 22.Tier 1 minority interest not included in common equity tier 1 capital RCOAP862 0 22. 23.Additional tier 1 capital before deductions(sum of items 20,21,and 22) RCOAP863 0 23. 24.LESS:Additional tier 1 capital deductions RCOAP864 0 24. • 25.Additional tier 1 capital(greater of item 23 minus item 24,or zero) RCOAP865 0 25. 1. Institutions that have adopted ASU 2016-13 and have elected to apply the 3-year or the 5-year 2020 CECL transition provision should include the applicable portion of the CECL transitional amount or the modified CECL transitional amount,respectively,in this item. 1. An institution that has a CBLR framework election in effect as of the quarter-end report date is neither required to calculate tier 2 capital nor make any deductions that would have been taken from tier 2 capital as of the report date. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 51 Dollar amounts in thousands 26.Tier 1 capital(sum of items 19 and 25) RCOA8274 302,809 26. 27.Average total consolidated assets2 RCOAKW03 3,645,270 27. 28.LESS:Deductions from common equity tier 1 capital and additional tier 1 capital(sum of items 6,7,8,10.b,13 RCOAP875 197,864 28. through 15,17,and certain elements of item 24-see instructions) 29.LESS:Other deductions from(additions to)assets for leverage ratio purposes RCOAB596 0 29. 30.Total assets for the leverage ratio(item 27 minus items 28 and 29) RCOAA224 3,447,406 30. 31.Leverage ratio(item 26 divided by 30) RCOA7204 8.7837% 31. • 2. Institutions that have adopted ASU 2016-13 and have elected to apply the 3-year or the 5-year 2020 CECL transition provision should include the applicable portion of the CECL transitional amount or the modified CECL transitional amount,respectively,in item 27. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 52 Dollar amounts in thousands a.Does your institution have a community bank leverage ratio(CBLR)framework election in effect as of the RCOALE74 0 31.a. quarter-end report date?(enter"1"forYes;enter"0"for No) Dollar amounts in thousands (Column A)Amount (Column B)Percentage 32.Total assets RCOA2170 NR 32. 33.Trading assets and trading liabilities(Schedule RC,sum of items 5 and 15).Report as a RCOAKX77 NR RCOAKX78 NR 33. dollar amount in Column A and as a percentage of total assets(5%limit)in Column B 34.Off-balance sheet exposures: s 3e4el300.;,,i 34' a.Unused portion of conditionally cancellable commitments RCOAKX79 NR v ;���� 34.a. b.Securities lent and borrowed(Schedule RC-L,sum of items 6.8 and 6.b) RCOAKX80 NR y„° � ': 34.b. c.Other off-balance sheet exposures RCOAKX81 d.Total off-balance sheet exposures(sum of items 34.a through 34.c).Report as a dollar RCOAKX82 NR RCOAKX83 NR 34.d. amount in Column A and as a percentage of total assets(25%limit)in Column B Dollar amounts in thousands 35.Unconditionally cancellable commitments RCOAS540 NR 35. 36.Investments in the tier 2 capital of unconsolidated financial institutions RCOALB61 NR 36. 37.Allocated transfer risk reserve RCOA3128 NR 37. 38.Amount of allowances for credit losses on purchased credit-deteriorated assets: 3e. a.Loans and leases held for investment RCOAJJ30 NR 38.a. b.Held-to-maturity debt securities RCOAJJ31 NR 38.b. c.Other financial assets measured at amortized cost RCOAJJ32 NR 38.c. 39.Tier 2 capital instruments plus related surplus RCOAP866 0 39. 40.Non-qualifying capital instruments subject to phase-out from tier 2 capital RCOAP867 0 40. 41.Total capital minority interest that is not included in tier 1 capital RCOAP868 0 41. 42.Allowance for loan and lease losses includable in tier 2 capital2 RCOA5310 25,716 42. 43.Not applicable. 43. 44.Tier 2 capital before deductions(sum of items 39 through 42) RCOAP870 25,716 44. 45.LESS:Tier 2 capital deductions RCOAP872 0 45. 46.Tier 2 capital(greater of item 44 minus item 45,or zero) RCOA5311 25,716 46. 47.Total capital(sum of items 26 and 46) RCOA3792 328,525 47. 48.Total risk-weighted assets(from Schedule RC-R,Part II,item 31) RCOAA223 2,290,399 48. Dollar amounts in thousands 49.Common equity tier 1 capital ratio(item 19 divided by item 48) RCOAP793 13.2208% 49. 50.Tier 1 capital ratio(item 26 divided by item 48) RCOA7206 13.2208% 50. 51.Total capital ratio(item 47 divided by item 48) RCOA7205 14.3436% 51. Dollar amounts in thousands 52.Institution-specific capital buffer necessary to avoid limitations on distributions and discretionary bonus payments: 52' a.Capital conservation buffer RCOAH311 6.3436% 52.a. b.Institutions subject to Category III capital requirements only:Total applicable capital buffer RCOWH312 NR 52.b. 53.Eligible retained income RCOAH313 NR 53. 54.Distributions and discretionary bonus payments during the quarter4 RCOAH314 NR 54. 55.Institutions subject to Category III capital standards only:Supplementary leverage ratio information: 55. a.Total leverage exposure5 RCOAH015 NR 55.a. b.Supplementary leverage ratio RCOAH036 NR 55.b. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 53 • • For report dates through December 31,2021,report the lesser of total assets reported in Schedule RC,item 12,as of December 31,2019,or the current report date,which must be less than $10 billion. 2. Institutions that have adopted ASU 2016-13 should report the adjusted allowances for credit losses(AACL),as defined in the regulatory capital rule,in item 30.a. 3. Non-advanced approaches institutions other than Category Ill institutions must complete item 53 only if the amount reported in item 52.a above is less than or equal to 2.5000 percent.Category Ill institutions must complete item 53 only if the amount reported in item 52.a above is less than or equal to the amount reported in item 52.b above. 4. Non-advanced approaches institutions other than Category Ill institutions must complete item 54 only if the amount reported in Schedule RC-R,Part I,item 52.a,in the Call Report for the previous calendar quarter-end report date was less than or equal to 2.5000 percent.Category III institutions must complete item 54 only if the amount reported in Schedule RC-R,Part I,item 52.a,in the Call Report for the previous calendar quarter-end report date was less than or equal to the amount reported in Schedule 5. Institutions that have adopted ASU 2016-13 and have elected to apply the 3-year or the 5-year 2020 CECL transition provision should include the applicable portion of the CECL transitional amount or the modified CECL transitional amount,respectively,in item 55.a. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 54 Schedule RC-R Part II - Risk-Weighted Assets(Form Type - 041) Institutions are required to assign a 100 percent risk weight to all assets not specifically assigned a risk weight under Subpart D of the federal banking agencies'regulatory capital rules and not deducted from tier 1 or tier 2 capital. (Column A) (Column B) (Column C) (Column D) (Column E) (Column F) (Column G) (Column H) (Column I) (Column J) Totals from Adjustments Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Schedule RC to Totals Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Reported in Category 0% Category 2% Category 4% Category 10% Category 20% Category 50% Category Category Dollar amounts in thousands Column A 100% 150% RCOND95T RCONS396 RCOND958 RCOND959 RCONS397 RCOND960 RCONS398 1.Cash and balances due from depository institutions 327,259 0 305,717 21,542 0 0 0 1' 2.Securities: - . - 2. RCOND961 RCONS399 RCOND962 RCONHJ74 RCONHJ75 RCOND963 RCOND964 RCOND965 RCONS400 a.Held-to-maturity securities3 4,532 0 0 0 0 4,532 0 0 0 2.a. b.Available-for-sale debt securities and equity securities with readily determinable fair values not held for RCONJA21 RCONS402 RCOND967 RCONHJ76 RCONHJ77 RCOND968 RCOND969 RCOND970 RCONS403 2.b. trading 870,083 4,136 276,792 0 0 585,348 989 2,818 0 3.Federal funds sold and securities purchased under • . - agreements to resell: . . 3' RCOND971 RCOND972 RCOND973 RCONS410 RCOND974 RCONS411 a.Federal funds sold 12,286 0 - . 12,286 0 0 0 3.a. RCONH171 RCONH172 - . b.Securities purchased under agreements to resell 0 0 . 3.b. 4.Loans and leases held for sale: - 4. RCONS413 RCONS414 RCONH173 • RCON5415 RCONS416 RCON5417 ' a.Residential mortgage exposures 4,177 0 0 0 4,177 0 4.a. RCON5419 RCONS420 RCONH174 ' - RCONH175 RCONH176 RCONH177 RCONS421 b.High volatility commercial real estate exposures 0 0 0 0 0 0 0 4.b. • c.Exposures past due 90 days or more or on RCON5423 RCONS424 RCONS425 RCONHJ78 RCONHJ79 RCONS426 RCONS427 RCON5428 RCON5429 nonaccrual 0 0 0 0 0 0 0 0 0 4.c. (Column K) (Column L) (Column M) (Column N) (Column 0) (Column P) (Column Q) (Column R) (Column S) Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Application of Application of Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Other Other Category 250%Category 300%Category 400%Category 600%Category 625% Category Category Risk-Weighting Risk-Weighting 937.5% 1,250% Approaches Approaches Exposure Risk-Weighted Dollar amounts in thousands - Amount Asset Amount 1.Cash and balances due from depository institutions - • . .. 1 2.Securities: 2. a.Held-to-maturity securities - 2.a. b.Available-for-sale debt securities and equity securities with RCONS405 RCONS406 RCONH271 RCONH272 2.b. readily determinable fair values not held for trading 0 0 - 0 0 3.Federal funds sold and securities purchased under agreements " to resell: .. - 3' • a.Federal funds sold ' 3.a. 3. Institutions that have adopted ASU 2016-13 should report as a negative number allowances eligible for inclusion in tier 2 capital in Column B,which excludes PCD allowances. 3. For loans and leases held for sale,exclude residential mortgage exposures,high volatility commercial real estate exposures,or sovereign exposures that are past due 90 days or more or on nonaccrual. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 55 • (Column K) (Column L) (Column M) (Column N) (Column 0) (Column P) (Column Q) (Column R) (Column S) Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Application of Application of Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Other Other Category 250%Category 300%Category 400%Category 600%Category 625% Category Category Risk-Weighting Risk-Weighting 937.5% 1,250% Approaches Approaches Exposure Risk-Weighted Dollar amounts in thousands Amount Asset Amount b.Securities purchased under agreements to resell 3.b. 4.Loans and leases held for sale: - 4. a.Residential mortgage exposures RCONH273 0 RCONH274 0 4.a. RCONH275 RCONH276 4.b. b.High volatility commercial real estate exposures 0 0 CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 56 (Column K) (Column L) (Column M) (Column N) (Column 0) (Column P) (Column Q) (Column R) (Column S) Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Application of Application of Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Other Other Category 250%Category 300%Category 400%Category 600%Category 625% Category Category Risk-Weighting Risk-Weighting 937.5% 1,250% Approaches Approaches Exposure Risk-Weighted Dollar amounts in thousands Amount Asset Amount RCONH277 RCONH278 c.Exposures past due 90 days or more or on nonaccrual6 0 0 4.c. (Column A) (Column B) (Column C) (Column D) (Column E) i (Column F) (Column G) (Column H) (Column I) (Column J) Totals from Adjustments Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Schedule RC to Totals Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Reported In Category 0% Category 2% Category 4% Category 10% Category 20% Category 50% Category Category Dollar amounts in thousands Column A 100% 150% 4.Loans and leases held for sale(continued): 4• RCONS431 RCONS432 RCONS433 RCONHJ80 RCONHJ81 RCONS434 RCONS435 RCONS436 RCONS437 d.All other exposures 0 0 0 0 0 0 0 0 0 4.d. 5.Loans and leases held for investment: 5. RCONS439 RCONS440 RCONH178 RCONS441 RCONS442 RCONS443 a.Residential mortgage exposures 221,263 0 0 0 166,344 54,919 5.a. RCONS445 RCONS446 RCONH179 RCONH180 RCONH181 RCONH182 RCONS447 b.High volatility commercial real estate exposures 2,602 0 0 0 0 0 2,602 5.b. — c.Exposures past due 90 days or more or on RCONS449 RCONS450 RCONS451 RCONHJ82 RCONHJ83 RCONS452 RCONS453 RCONS454 RCONS455 nonaccrual7 6,948 0 0 0 0 0 0 0 6,948 5.c. RCONS457 RCONS458 RCONS459 RCONHJ84 RCONHJ85 RCONS460 RCONS461 RCONS462 RCONS463 d.All other exposures 1,918,887 0 200,581 0 0 32,749 4,868 1,680,689 0 5.d. RCON3123 RCON3123 • 6.LESS:Allowance for loan and lease losses 25,591 25,591 . . 6. RCOND976 RCONS466 RCOND977 RCONHJ86 RCONHJ87 RCOND978 RCOND979 RCOND980 RCONS467 7.Trading assets 0 0 0 0 0 0 0 0 0 7' RCOND981 RCONS469 RCOND9B2 RCONHJ88 RCONHJ89 RCOND983 RCOND984 RCOND9B5 RCONH185 8.All other assets8 345,767 218,902 12,781 0 0 6,711 8 96,974 15 8. a.Separate account bank-owned life insurance 8.a. b.Default fund contributions to central counterparties . . B.b. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 57 (Column K) (Column L) (Column M) (Column N) (Column 0) (Column P) (Column Q) (Column R) (Column S) Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Application of Application of Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Other Other • Category 250%Category 300%Category 400%Category 600%Category 625% Category Category Risk-Weighting Risk-Weighting 937.5% 1,250% Approaches Approaches Exposure Risk-Weighted Dollar amounts in thousands Amount Asset Amount 4.Loans and leases held for sale(continued): 4. d.All other exposures RCONH279 0 RCONH280 0 4.d. 5.Loans and leases held for investment: 5. a.Residential mortgage exposures RCONH281 0 RCONH282 0 5.a. RCONH283 RCONH284 5.b. b.High volatility commercial real estate exposures 0 0 RCONH285 RCONH286 c.Exposures past due 90 days or more or on nonaccrual" 0 0 5.c. d.All other exposures RCONH287 0 RCONH288 0 5.d. 6.LESS:Allowance for loan and lease losses 6. RCONH186 RCONH290 RCONH187 RCONH291 RCONH292 7.Trading assets 0 0 0 0 0 7' RCONH293 RCONH188 RCONS470 RCONS471 RCONH294 RCONH295 8.All other assets12 2,005 0 0 0 0 0 8' RCONH296 RCONH297 a.Separate account bank-owned life insurance 8,371 8,371 8.a. RCONH298 RCONH299 b.Default fund contributions to central counterparties 0 0 B.b. • • • 6. For loans and leases held for sale,exclude residential mortgage exposures,high volatility commercial real estate exposures,or sovereign exposures that are past due 90 days or more or on nonaccrual. 7. For loans and leases,net of unearned income,exclude residential mortgage exposures,high volatility commercial real estate exposures,or sovereign exposures that are past due 90 days or more or on nonaccrual. 8. Includes premises and fixed assets;other real estate owned;investments in unconsolidated subsidiaries and associated companies;direct and indirect investments in real estate ventures;intangible assets;and other assets. 11. For loans and leases,net of unearned income,exclude residential mortgage exposures,high volatility commercial real estate exposures,or sovereign exposures that are past due 90 days or more or on nonaccrual. 12. -Includes premises and fixed assets;other real estate owned;investments in unconsolidated subsidiaries and associated companies;direct and indirect investments in real estate ventures;intangible assets;and other assets. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 58 (Column A) (Column B) (Column Q) (Column T)Total(Column U)Total Totals Adjustments to Exposure Risk-Weighted Risk-Weighted Totals Reported Amount 1,250% Asset Amount Asset Amount in Column A by Calculation by Calculation Methodology Methodology Dollar amounts in thousands SSFA Gross-Up 9.On-balance sheet securitization exposures: RCONS475 RCONS476 RCONS477 RCONS478 RCONS479 a.Held-to-maturity securities 0 . 0 0 0 0 9.a. ' RCONS480 RCONS481 RCONS482 RCONS483 RCONS484 b.Available-for-sale securities 0 0 0 0 0 9'b' RCONS485 RCONS486 RCONS487 RCONS488 RCONS489 9c c.Trading assets 0 0 0 0 0 RCONS490 RCONS491 RCONS492 RCONS493 RCONS494 9d d.All other on-balance sheet securitization exposures 0 0 0 0 0 RCONS495 RCONS496 RCONS497 RCONS498 RCONS499 10.Off-balance sheet securitization exposures 345 311 34 0 0 10' CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 59 (Column A) (Column B) (Column C) (Column D) (Column E) (Column F) (Column G) (Column H) ' (Column I) (Column J) Totals From Adjustments Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Schedule RC to Totals Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Reported in Category 0% Category 2% Category 4% Category 10% Category 20% Category 50% Category Category Dollar amounts in thousands Column A 100% 150% RCON2170 RCONS500 RCOND987 RCONHJ90 RCONHJ91 'RCOND988 RCOND989 RCOND990 RCONS503 11.Total balance sheet assets14 3,688,213 197,447 795,871 0 0 663,168 176,386 1,835,400 9,565 11. (Column K) (Column L) (Column M) (Column N) (Column 0) (Column P) (Column Q) (Column R) Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Application of Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Other Category 250% Category 300% Category 400% Category 600% Category 625% Category 937.5%Category 1,250% Risk-Weighting Approaches Exposure Dollar amounts in thousands Amount RCONS504 RCONS505 RCONS506 RCONS507 RCONS510 RCONH300 11.Total balance sheet assets14 2,005 0 0 0 0 8,371 11. (Column A) (Column B) (Column C) (Column D) (Column E) (Column F) (Column G) (Column H) (Column I) (Column J) Face, Credit Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Notional,or Equivalent Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Other Amount Amount Category 0% Category 2% Category 4% Category 10% Category 20% Category 50% Category Category Dollar amounts in thousands 100% 150% RCOND991 RCOND992 RCOND993 RCONHJ92 RCONHJ93 RCOND994 RCOND995 RCOND996 RCONS511 12.Financial standby letters of credit 4,609 ' 4,609 847 0 0 0 0 3,762 0 12. 13.Performance standby letters of credit and RCOND997 RCOND998 RCOND999 RCONG603 RCONG604 RCONG605 RCONS512 transaction-related contingent items 1,809 905 67 0 0 838 0 13. 14.Commercial and similar letters of credit with an original RCONG606 RCONG607 RCONG608 RCONHJ94 RCONHJ95 RCONG609 RCONG610 RCONG611 RCONS513 maturity of one year or less 0 0 0 0 0 0 0 0 0 14. 15.Retained recourse on small business obligations sold with RCONG612 RCONG613 RCONG614 RCONG615 RCONG616 RCONG617 RCONS514 recourse 0 0 0 0 0 0 0 15. (Column A) (Column B) (Column C) (Column D) (Column E) (Column F) (Column G) (Column H) (Column I) (Column J) Face, Credit Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Notional,or Equivalent Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Other Amount Amount Category 0% Category 2% Category 4% Category 10% Category 20% Category 50% Category Category Dollar amounts in thousands 100% 150% RCONS515 RCONS516 RCONS517 RCONS518 RCONS519 RCONS520 RCONS521 RCONS522 RCONS523 16.Repo-style transactions21 43,882 43,882 36,748 0 0 7,134 0 0 0 16. RCONG618 RCONG619 RCONG620 RCONG621 RCONG622 RCONG623 RCONS524 17.All other off-balance sheet liabilities 0 0 0 0 0 0 0 17. 18.Unused commitments: 18. RCONS525 RCONS526 RCONS527 RCONHJ96 RCONHJ97 RCONS528 RCONS529 RCONS530 RCONS531 18a a.Original maturity of one year or less 194,785 38,957 0 0 0 0 0 38,949 a 14. For each of columns A through R of item 11,report the sum of items 1 through 9.For item 11,the sum of columns 8 through R must equal column A.Item 11,column A,must equal Schedule RC,item 12. 21. Includes securities purchased under agreements to resell(reverse repos),securities sold under agreements to repurchase(repos),securities borrowed,and securities lent. Excludes unused commitments to asset-backed commercial paper conduits. . CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 60 (Column A) (Column B) (Column C) (Column D) (Column E) (Column F) (Column G) (Column H) (Column I) (Column J) Face, Credit Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Notional,or Equivalent Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Other Amount Amount Category 0% Category 2% Category 4% Category 10% Category 20%Category 50% Category Category Dollar amounts in thousands 100% 150% RCONG624 RCONG625 RCONG626 RCONHJ98 RCONHJ99 - RCONG627 RCONG628 RCONG629 RCONS539 b.Original maturity exceeding one year 320,606 160,303 0 0 0,> • 0 0 160,268 • 35 18:b. RCONS540 RCONS541 19.Unconditionally cancelable commitments 107,340 0 19 RCONS542 RCONS543 RCONHK00 RCONHK01 RCONS544 RCONS545 RCONS546 RCONS547 RCONS548 20.Over-the-counter derivatives 761 0 0 0 0 58 15 688 0 20. RCON5549 RCONS550 RCONS551 RCONS552 RCONS554 ' RCONS555 RCONS556 RCONS557 21.Centrally cleared derivatives 0 0 0 0 - 0 0 0 0 21. •RCONH191 RCONH193 RCONH194 RCONH195 RCONH196 RCONH197 22.Unsettled transactions(failed trades)22 0 0 - 0 0 0 0 22' 22. For item 22,the sum of columns C through 0 must equal column A. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 61 (Column 0) (Column P) (Column Q) (Column R) (Column S) • Allocation by Allocation by Allocation by Application of Application of Risk-Weight Risk-Weight Risk-Weight Other Other Category 625% Category 937.5%Category 1,250% Risk-Weighting Risk-Weighting Approaches Approaches Credit Risk-Weighted Equivalent Asset Amount Dollar amounts in thousands Amount RCONH301 RCONH302 16.Repo-style transactions24 _ 0 0 16' 17.All other off-balance sheet liabilities _ 17. 18.Unused commitments:. 18. RCONH303 RCONH304 18 a a.Original maturity of one year or less 0 0 RCONH307 RCONH308 18.b. b.Original maturity exceeding one year 0 0 19.Unconditionally cancelable commitments 19. • RCONH309 RCONH310 20.Over-the-counter derivatives 0 0 20. 21.Centrally cleared derivatives 21. RCONH198 RCONH199 RCONH200 22.Unsettled transactions(failed trades)25 0 0 0 22. • • • 24. Includes securities purchased under agreements to resell(reverse repos),securities sold under agreements to repurchase(repos),securities borrowed,and securities lent. Excludes unused commitments to asset-backed commercial paper conduits. 25. For item 22,the sum of columns C through Q must equal column A. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 62 (Column C) (Column D) (Column E) (Column F) (Column G) (Column H) (Column I) (Column J) Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Dollar amounts in thousands Category 0% Category 2% Category 4% Category 10% Category 20% Category 50% Category 100% Category 150% 23.Total assets,derivatives,off-balance sheet items,and other items subject to risk weighting by risk-weight category(for each of columns C 23 through P,sum of items 11 through 22;for column Q,sum of items 10 RCONG630 RCONS558 RCONS559 RCONS560 RCONG631 RCONG632 RCONG633 RCONS561 through 22) 833,533 0 0 0 670,360 176,401 2,039,905 9,608 24.Risk weight factor . 24. 25.Risk-weighted assets by risk-weight category(for each column,item RCONG634 RCONS569 RCONS570 RCONS571 RCONG635 RCONG636 RCONG637 RCON5572 23 multiplied by item 24) 0 0 0 0 134,072 88,201 2,039,905 14,412 25. (Column K) (Column L) (Column M) (Column N) 1 (Column 0) (Column P) (Column Q) Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Allocation by Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Risk-Weight Dollar amounts in thousands Category 250% Category 300% Category 400% Category 600% Category 625% Category 937.5% Category 1,250% 23.Total assets,derivatives,off-balance sheet items,and other items subject to risk weighting by risk-weight category(for each of columns C through P, RCONS562 RCONS563 RCONS564 RCONS565 RCONS566 RCONS567 RCONS568 23. sum of items 11 through 22;for column Q,sum of items 10 through 22) 2,005 0 0 0 0 0 34 24.Risk weight factor 24. 25.Risk-weighted assets by risk-weight category(for each column,item 23 RCONS573 RCONS574 RCONS575 RCONS576 RCONS577 RCONS578 RCONS579 multiplied by item 24) 5,013 0 0 0 0 0 425 25. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 63 Dollar amounts in thousands 26.Risk-weighted assets base for purposes of calculating the allowance for loan and lease losses 1.25 percent RCONS580 2,290,399 26. threshold 27.Standardized market-risk weighted assets(applicable only to banks that are covered by the market risk capital RCONS581 0 27. rule) 28.Risk-weighted assets before deductions for excess allowance of loan and lease losses and allocated risk transfer RCONB704 2,290,399 28. risk reserve 29.LESS:Excess allowance for loan and lease losses RCONA222 0 29. 30.LESS:Allocated transfer risk reserve RCON3128 0 30. 31.Total risk-weighted assets(item 28 minus items 29 and 30) RCONG641 2,290,399 31. 1.Current credit exposure across all derivative contracts covered by the regulatory capital rules RCONG642 668 M.1. (Column A)With a (Column B)With a (Column C)With a remaining maturity of One remaining maturity of Over remaining maturity of Over year or less one year through five five years Dollar amounts in thousands years • 2.Notional principal amounts of over-the-counter derivative contracts: M.2. a.Interest rate RCONS582 923 RCONS583 1,269 RCONS584 5,784 M.2.a. b.Foreign exchange rate and gold RCONS585 0 RCONS586 0 RCONS587 0 M.2.b. c.Credit(investment grade reference asset) RCONS588 0 RCONS589 0 RCONS590 0 M.2.c. d.Credit(non-investment grade reference asset) RCONS591 0 RCONS592 0 RCONS593 0 Mid. e.Equity RCONS594 0 RCONS595 0 RCONS596 0 M2.e. f.Precious metals(except gold) RCONS597 0 RCONS598 0 RCONS599 0 M.2.f. g. Other RCONS600 0 RCONS601 0 RCONS602 0 M.2.g. 3.Notional principal amounts of centrally cleared derivative contracts: M.3. a.Interest rate RCONS603 0 RCONS604 0 RCONS605 0 M.3.a. b.Foreign exchange rate and gold RCONS606 0 RCONS607 0 RCONS608 0 M.3.h c.Credit(investment grade reference asset) RCONS609 0 RCONS610 0 RCONS611 0 M.3.c. d.Credit(non-investment grade reference asset) RCONS612 0 RCONS613 0 RCONS614 0 Mad. e.Equity RCONS615 0 RCONS616 0 RCONS617 0 M.3.e. f.Precious metals(except gold) RCONS618 0 RCONS619 0 RCONS620 0 M.3.f. g. Other RCONS621 0 RCONS622 0 RCONS623 0 M.3.g. Dollar amounts in thousands 4.Amount of allowances for credit losses on purchased credit-deteriorated assets:1 M.4. a.Loans and leases held for investment RCONJJ30 NR M.4.a. b.Held-to-maturity debt securities RCONJJ31 NR M.4.b. c.Other financial assets measured at amortized cost RCONJJ32 NR M.4.c. Schedule RC-S - Servicing Securitization and Asset Sale Activities(Form Type - 041) (Column A)1-4 Family (Column G)All Other Loans,All Dollar amounts in thousands Residential Loans Leases,and All Other Assets 1.Outstanding principal balance of assets sold and securitized by the reporting bank with RCONB705 49,153 RCONB711 0 1. servicing retained or with recourse or other seller-provided credit enhancements 2.Maximum amount of credit exposure arising from recourse or other seller-provided credit RCONHU09 0 RCONHU15 0 2. enhancements provided to structures reported in item 1 3.Not applicable 3. 4.Past due loan amounts included in item 1: 4. a.30-89 days past due RCONB733 0 RCONB739 0 4.a. b.90 days or more past due RCONB740 0 RCONB746 0 4.b. 27. Sum of items 2.b through 20,column S;items 9.a,9.b,9.c,9.d,and 10,columns T and U;item 25,columns C through Q;and item 27(if applicable). 1. Memorandum items 4.a through 4.c should be completed only by institutions that have adopted ASU 2016-13. CENTRAL BANK OF THE MIDWEST FFIEC 041 ti RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 64 (Column A)1-4 Family (Column G)All Other Loans,All Dollar amounts in thousands Residential Loans Leases,and All Other Assets 5.Charge-offs and recoveries on assets sold and securitized with servicing retained or with recourse or other seller-provided credit enhancements(calendar year-to-date): 5 a.Charge-offs RIADB747 0 RIADB753 0 5.a. b.Recoveries RIADB754 0 RIADB760 0 5.b. Item 6 is to be completed by banks with$10 billion or more in total assets. RCONHU19 NR 6. 6.Total amount of ownership(or seller's)interest carried as securities or loans . -j 7.Not applicable 7. 8.Not applicable 8. 9.Maximum amount of credit exposure arising from credit enhancements provided by the reporting bank to other institutions'securitization structures in the form of standby letters of RCONB776 0 RCONB782 0 9. credit,purchased subordinated securities,and other enhancements Item 10 is to be completed by banks with$10 billion or more in total assets. 10.Reporting bank's unused commitments to provide liquidity to other institutions'securitization RCONB783 NR RCONB789 NR 1o. structures1 11.Assets sold with recourse or other seller-provided credit enhancements and not securitized RCONB790 345 RCONB796 0 11. by the reporting bank 12.Maximum amount of credit exposure arising from recourse or other seller-provided credit RCONB797 34 RCONB803 0 12. enhancements provided to assets reported in item 11 Dollar amounts in thousands 1.Not applicable M•1• 2.Outstanding principal balance of assets serviced for others(includes participations serviced for others): M.2. a.Closed-end 1-4 family residential mortgages serviced with recourse or other servicer-provided credit RCONB804 345 M.2.a. enhancements b.Closed-end 1-4 family residential mortgages serviced with no recourse or other servicer-provided credit RCONB805 320,247 M.2.b. enhancements c.Other financial assets(includes home equity lines)1 RCONA591 89,809 M.2.c. d.1-4 family residential mortgages serviced for others that are in process of foreclosure at quarter-end(includes RCONF699 0 M.2.d. closed-end and open-end loans) Memorandum item 3 is to be completed by banks with$10 billion or more in total assets. M.3. 3.Asset-backed commercial paper conduits:2 a.Maximum amount of credit exposure arising from credit enhancements provided to conduit structures in the Id 3.a. form of standby letters of credit,subordinated securities,and other enhancements: 1.Conduits sponsored by the bank,a bank affiliate,or the bank's holding company RCONB806 NR M.3.a.1. 2.Conduits sponsored by other unrelated institutions RCONB807 NR M.3.a.2. b.Unused commitments to provide liquidity to conduit structures: M.3.b. 1.Conduits sponsored by the bank,a bank affiliate,or the bank's holding company RCONB808 NR M.3.b.1. 2.Conduits sponsored by other unrelated institutions RCONB809 NR M.3.b.2. 4.Outstanding credit card fees and finance charges2 RCONC407 NR M.4. 1. The$10 billion asset-size testis based on the total assets reported on the June 30,2018,Report of Condition. 1. The$10 billion asset-size testis based on the total assets reported on the June 30,2018,Report of Condition. 1. Memorandum item 2.c is to be completed if the principal balance of other financial assets serviced for others is more than$10 million. 2. The$10 billion asset-size test is based on the total assets reported on the June 30,2018,Report of Condition. 2. Memorandum item 4 is to be completed by banks that(1)together with affiliated institutions,have outstanding credit card receivables(as defined in the instructions)that exceed$500 million as of the report date,or(2)are credit card specialty banks as defined for Uniform Bank Performance Report purposes. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 65 Schedule RC-T - Fiduciary and Related Services(Form Type - 041) Dollar amounts in thousands 1.Does the institution have fiduciary powers?(If"NO,"do not complete Schedule RC-T.) RCONA345 Yes 1. 2.Does the institution exercise the fiduciary powers it has been granted? RCONA346 No 2. 3.Does the institution have any fiduciary or related activity(in the form of assets or accounts)to report in this schedule? RCON6867 No 3. (If"NO,"do not complete the rest of Schedule RC-T.) (Column A)Managed (Column B) (Column C)Number of(Column D)Number of Assets Non-Managed Assets Managed Accounts Non-Managed Dollar amounts in thousands Accounts 4.Personal trust and agency accounts RCONB868 NR RCONB869 NR RCONB870 NR RCONB871 NR 4. 5.Employee benefit and retirement-related trust and agency 5. accounts: a.Employee benefit-defined contribution RCONB872 NR RCONB873 NR RCONB874 NR RCONB875 NR 5.a. b.Employee benefit-defined benefit RCONB876 NR RCONB877 NR RCONB878 NR RCONB879 NR 5.b. c.Other employee benefit and retirement-related accounts RCONB880 NR RCONB881 NR RCONB882 NR RCONB883 NR 5.c. 6.Corporate trust and agency accounts RCONB884 NR RCONB885 NR RCONC001 NR RCONC002 NR 6. 7.Investment management and investment advisory agency RCONB886 NR RCONJ253 NR RCONB888 NR RCONJ254 NR 7. accounts . 8.Foundation and endowment trust and agency accounts RCONJ255 NR RCONJ256 NR RCONJ257 NR RCONJ258 NR 8. 9.Other fiduciary accounts RCONB890 NR RCONB891 NR RCONB892 NR RCONB893 NR 9. 10.Total fiduciary accounts(sum of items 4 through 9) RCONB894 NR RC0NB895 NR RCONB896 NR RCONB897 NR 10. 11.Custody and safekeeping accounts RCONB898 NR RCONB899 NR 11. 12.Not applicable 12. 13.Individual Retirement Accounts,Health Savings Accounts,and RCONJ259 NR RCONJ260 NR RCONJ261 NR RCONJ262 NR 13. other similar accounts(included in items 5.c and 11) Dollar amounts in thousands _ 14.Personal trust and agency accounts RIADB904 NR 14. 15.Employee benefit and retirement-related trust and agency accounts: 15. a.Employee benefit-defined contribution RIADB905 NR 15.a. b.Employee benefit-defined benefit RIADB906 , NR 15.b. c.Other employee benefit and retirement-related accounts RIADB907 NR 15.c. 16.Corporate trust and agency accounts RIADA479 NR 16. 17.Investment management and investment advisory agency accounts RIADJ315 NR 17. 18.Foundation and endowment trust and agency accounts RIADJ316 NR 18. 19.Other fiduciary accounts RIADA480 NR 19. 20.Custody and safekeeping accounts RIADB909 NR 20. 21.Other fiduciary and related services income RIADB910 NR 21. 22.Total gross fiduciary and related services income(sum of items 14 through 21)(must equal Schedule RI,item RIAD4070 0 22. 5.a) 23.Less:Expenses RIADC058 NR 23. 24.Less:Net losses from fiduciary and related services RIADA488 NR 24. 25.Plus:Intracompany income credits for fiduciary and related services RIADB911 NR 25. 26.Net fiduciary and related services income RIADA491 NR 26. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 66 (Column A)Personal Trust (Column B)Employee (Column C)All Other and Agency and Benefit and Accounts Investment Management Retirement-Related Trust • Dollar amounts in thousands Agency Accounts and Agency Accounts 1.Managed assets held in fiduciary accounts: M.1. a.Noninterest-bearing deposits RCONJ263 NR RCONJ264 NR RCONJ265 NR M.1.a b.Interest-bearing deposits RCONJ266 NR RCONJ267 NR RCONJ268 NR M.1.b. c.U.S.Treasury and U.S.Government agency obligations RCONJ269 NR RCONJ270 NR RCONJ271 NR M.1.c d.State,county,and municipal obligations RCONJ272 NR RCONJ273 NR RCONJ274 NR M.t.d. e.Money market mutual funds RCONJ275 NR RCONJ276 NR RCONJ277 NR M.1.e. f.Equity mutual funds RCONJ278 NR RCONJ279 NR RCONJ280 NR M.1.f. g.Other mutual funds RCONJ281 NR RCONJ282 NR RCONJ283 NR M.1.g. h.Common trust funds and collective investment funds RCONJ284 NR RCONJ285 NR RCONJ286 NR M.1.h. i.Other short-term obligations RCONJ287 NR RCONJ288 NR RCONJ289 NR M.1.i. j.Other notes and bonds RCONJ290 NR RCONJ291 NR RCONJ292 NR M.1.j. k.Investments in unregistered funds and private equity investments RCONJ293 NR RCONJ294 NR RCONJ295 NR M.1.k I.Other common and preferred stocks RCONJ296 NR RCONJ297 NR RCONJ298 NR M.1.I. m.Real estate mortgages RCONJ299 NR RCONJ300 NR RCONJ301 NR M1m n.Real estate RCONJ302 NR RCONJ303 NR RCONJ304 NR M.1.n. o.Miscellaneous assets RCONJ305 NR RCONJ306 NR RCONJ307 NR M.1.o. p.Total managed assets held in fiduciary accounts(for each column,sum RCONJ308 NR RCONJ309 NR RCONJ310 NR M.1.p. of Memorandum items 1.a through 1.o) (Column A)Managed Assets (Column B)Number of Managed Dollar amounts in thousands Accounts q.Investments of managed fiduciary accounts in advised or sponsored mutual funds RCONJ311 NR RCONJ312 NR M.i.q. (Column A)Number of Issues (Column B)Principal Amount Dollar amounts in thousands Outstanding 2.Corporate trust and agency accounts: M.2. a.Corporate and municipal trusteeships RCONB927 NR RCONB928 NR M.2.a. 1.Issues reported in Memorandum item 2.a that are in default RCONJ313 NR RCONJ314 NR M2a.1. b.Transfer agent,registrar,paying agent,and other corporate agency RCONB929 NR M.2.b. (Column A)Number of Funds (Column B)Market Value of Dollar amounts in thousands Fund Assets Memoranda items 3.a through 3.g am to be completed by banks with collective investment funds and common trust funds with a total market value of$1 billion or mom as of the preceding December 31. M.3. 3.Collective investment funds and common trust funds: - - a.Domestic equity RCONB931 NR RCONB932 NR M.3.a. b.International/Global equity RCONB933 NR RCONB934 NR M.3.b. c.Stock/Bond blend RCONB935 NR RCONB936 NR M.3.c. d.Taxable bond RCONB937 NR RCONB938 NR M.3.d. e.Municipal bond RCONB939 NR RCONB940 NR M.3.e. f.Short term investments/Money market RCONB941 NR RCONB942 NR M.3.f. g.Specialty/Other RCONB943 NR RCONB944 NR M.3.g. h.Total collective investment funds(sum of Memorandum items 3.a through 3.g) RCONB945 NR RCONB946 NR M.3.h. CENTRAL BANK OF THE MIDWEST FFIEC 041 RSSD-ID 704559 Report Date 12/31/2020 Last Updated on 1/27/2021 67 (Column A)Gross Losses(Column B)Gross Losses (Column C)Recoveries Dollar amounts in thousands Managed Accounts Non-Managed Accounts 4.Fiduciary settlements,surcharges,and other losses: M.4. a.Personal trust and agency accounts RIADB947 NR RIADB948 NR RIADB949 NR M.4.a. b.Employee benefit and retirement-related trust and agency accounts RIADB950 NR RIADB951 NR RIADB952 NR M.4.b. c.Investment management agency accounts RIADB953 NR RIADB954 NR RIADB955 NR M.4.c. d.Other fiduciary accounts and related services RIADB956 NR RIADB957 NR RIADB958 NR M.4.d. e.Total fiduciary settlements,surcharges,and other losses(sum of Memorandum items 4.a through 4.d)(sum of columns A and B minus RIADB959 NR RIADB960 NR RIADB961 NR M.4.e. column C must equal Schedule RC-T,item 24) Schedule RC-V -Variable Interest Entities(Form Type - 041) (Column A)Securitization (Column B)OtherVIEs Dollar amounts in thousands Vehicles 1.Assets of consolidated variable interest entities(VIEs)that can be used only to settle 1. obligations of the consolidated VIEs: a.Cash and balances due from depository institutions RCONJ981 0 RCONJF84 0 1.a. b.Securities not held for trading RCONHU20 0 RCONHU21 0 t.b. c.Loans and leases held for investment,net of allowance,and held for sale RCONHU22 0 RCONHU23 0 1.c. d.Other real estate owned RCONK009 0 RCONJF89 0 1.d. e.Other assets RCONJF91 0 RCONJF90 0 1.e. 2.Liabilities of consolidated VIEs for which creditors do not have recourse to the general credit 2. of the reporting bank: a.Other borrowed money RCONJF92 0 RCONJF85 0 2.a. b.Other liabilities RCONJF93 0 RCONJF86 0 2.b. 3.All other assets of consolidated VIEs(not included in items 1.a.through 1.e above) RCONK030 0 RCONJF87 0 3. 4.All other liabilities of consolidated VIEs(not included in items 2.a and 2.b above) RCONK033 0 RCONJF88 0 4. Dollar amounts in thousands 5.Total assets of asset-backed commercial paper(ABCP)conduit VIEs RCONJF77 0 5. 6.Total liabilities of ABCP conduit VIEs RCONJF78 0 6. Optional Narrative Statement Concerning the Amounts Reported in the Consolidated Reports of Condition and Income(Form Type - 041) Dollar amounts in thousands 1.Comments? RCON6979 No 1. 2.Bank Management Statement TEXT6980 NR 2. • % • i • CENTRAL BANCOMPANY 2019 ANNUAL REPORT 2019 ANNUAL REPORT Table of Contents Year in Review 4 For the Love of People and Community 5 Letter to Shareholders 7 Financial Review 12 Five—Year Consolidated Average Balance Sheet 15 Five—Year Consolidated Summary of Operations 16 Financial Data of Affiliate Banks 17 Independent Auditor's Report 18 History of Central Bancompany 67 Directors and Senior Leadership of Central Bancompany 69 Affiliates of Central Bancompany 70 '171 to 0 11.11 KEY Forbes I 2019 _ BEST BANKS IN AMERICA Strong roots. Endless possibilities. 2 Financial Highlights , TOTAL AVERAGE ASSETS (in billions) TOTAL AVERAGE DEPOSITS (in billions) 14,000 _.. - ._.. _..�_... _ __. _ _._-_ $13,635 - 11,000 - _._ - . -_ . . .. $10,321 13,000 _- - $12.?13 $12,694_.' ..... 10,000 _ __ - - - $9,668 - 59,660 $12,245 t � $9,189 12,000 . 1 ,1 { - 9,000 .-$8.726 - i 11,000 _ _ _ _ - 8,000 - 1 I 2015 2016 2017 2018 2019- 2015 2010 2017 2018 2019 • - EARNINGS PER SHARE BOOK VALUE PER SHARE $47.38 5480.46 47 - - _ . 490 = 44 • _ __, ' 41 - --_ _... $40.13 - 38 - _ 430 $403.43 35 $32:10 -. 400 - - $388.65 ' 32 . -- - 133° . 29 $27.45 370 . $362.78 , ' 26 340 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 '_- = - NET INCOME (in millions) ANNUAL DIVIDENDS PER SHARE $209.6 $8.50 200.0 8.00 190.0 - - -. .- . . - $zao 7.00 - 180.0 $177.6 600 56.22 170.0 - 1 . ._ _ 5.00 . - $4.So - - 160.0 - ' 4.00 -- _. 150.0 - -Sta2.o " • $3.30 130.0 $121.5-- 2.00 _.. 0 - ! _f 0 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 EFFICIENCY RATIO (%) • 64`a 62.7 a '.. ._. . _ ..... 60% - 9; _ .-59.3% c58% _ ------------------- 59.8 580° 56056 p - i . . 1 S. 2015 2016 2017 2018 2019 LIU Year in Review CENTRAL BANCOMPANY, INC. AND SUBSIDIARIES For the Year 2019 2018 Interest Income $538,614,000 470,009,000 Interest Expense 73,595,000 51,479,000 Net Interest Income 465,019,000 418,530,000 Provision for Loan Losses 14,025,000 15,880,000 Non-Interest Income 190,262,000 162,487,000 Non-Interest Expense 368,928,000. 339,013,000 Income Taxes 62,685,000 48,548,000 Net Income 209,643,000 177,576,000 Average Daily Assets 13,635,347,000 12,693,790,000 Average Daily Deposits 10,321,184,000 9,660,186,000 Average Daily Loans 8,670,796,000 8,263,526,000 At Year End Total Assets , $14,960,940,000 13,172,605,000 Investment Securities 3,633,572,000 2,893,864,000 Loans . 9,475,093,000 8,328,530,000 Deposits 11,566,917,000 10,115,151,000 Stockholders' Equity 2,126,063,000 . 1,946,883,000 Number of Outstanding Shares 4,425,085 4,425,085 Per Share Net Income $47.38 40.13 Dividends 8.50 7.00 Stockholders' Equity 480.46 439.97 Strong roots. Endless possibilities 4 • .f,'1 � A' Ag • • 1. J g • .. s • -:.7'-,....,-. --I:.,''7.40 arla . < -- � it a.� ., r1 _�. i For the Love of People anc Communi-y We're not just in the banking business—we're in the unpredictable.Fast forward to this year,2019 brought people business.From our humble beginnings in 1902, devastation to many of our local communities due to it's always been about people.The foundation for the severe weather by tornadoes and flooding.When the company's culture of people-first manifested.itself in community needed us, our employees showed up. 1933. It was the Great Depression, and people were And they keep showing up, day after day. struggling to make a living. The state of Missouri, right in our backyard,was no stranger to the struggle. Our commitment to the collective communities The state was nearly$4 million short in revenue and we serve is extensive. When an EF3 tornado ripped unable to pay state employees, their wages totaling through Eldon and Jefferson City, MO, in May $300,000. To ensure the state did not fall victim to 2019, our employees lent hearts and hands.Without hesitation, countless volunteers and Central Bank the Great Depression, the Central Missouri Trust Company made$1 million available for state worker families swarmed Capitol Avenue with food,water,and necessary supplies to victims who had lost their homes, compensation and financial aid. This ultimately access to basic needs,and personal belongings.When shaped the future for the state of Missouri and the the United Way of Central Missouri expressed their people who lived in our footprint. need for volunteers,our employees worked extra hard Central Bank doesn't just do banking better,we also to complete their day-to-day tasks while volunteering make the community better. Our employees are there at the United Way office assisting with victim requests, for the moments that matter.These moments are not donor responses, and volunteer coordination. always happy and exciting,but also the terrifying and 5 • "Before we could assess the damage to our communities, classes,one-on-one coaching,and outreach efforts to several Central Bank employees reached out to me open the doors of the bank to the entire community. with a plan and an offer of assistance,"said Ann Bax, Employees teach the classes, which from day one of President of the United Way of Central Missouri. "In its launch was well received and filled within hours. any time of need, Central Bank's culture allows its This validates the need for financial education that employees to roll up their sleeves and help during the improves lives. moments of devastation." "We have always provided extensive financial k,...." g ,' ; education,"said Joe Henderson, President of Central a.5 j _ Bank of Boone County. "But we wanted to do more, ,, y= - ��, -;+ '+� Mi, primarily by reaching more people. Creating this 4 program allows us to dedicate specific resources to help :--- '' -; M .I„ people understand how to use their money effectively `' 4.r, i<�� t �44. and find ways to make it go further. We know that -. rr x •: -x. ,t 7 - ; �J- `- educational programs work best when they happen • 63 . } < in places easily accessed. We will take this education anywhere our community needs us,whether that is a I — church basement,a high school classroom,a community ' � " la --- center, or business lunchroom." Our commitment to the communities we serve is true, even if it is just one individual who is affected Our commitment to the communities we serve is limitless.In 2019 alone,our employees spent 27,5000 by personal tragedy. When a young man visited a local branch in Springfield, MO, after the passing plus hours in the community at more than 2,023 of his wife, he was overwhelmed with sadness and organizations in our footprint.From building homes in the greater Kansas City area,to providing mentorship grief. Our employee was determined to help in any way possible. She worked to help facilitate his life to children in need in Branson, MO, Central Bank is proud to serve our communities by volunteering at insurance he had through the bank. And, in that local events, chairing committees, organizing local moment, there was an instance of hope, as he was grateful for the unexpected funds to assist with the campaigns, funding events, and serving on boards. The most significant piece of our culture is people pile of never-ending medical bills. first—our employees are integral to the success of our "Through our company's culture and leadership,we collective communities. want all of our employees to be people-first," said Joselyn Baldner, Executive Vice President of Central The Central Bank culture has always been, and Bank of the Ozarks. "To bring even a little light to always will be, community minded. Whether it is our customers' day,whether it be through a product something that impacts an entire community, like a or service, or just a smile, our culture of caring and tornado, one individual person, or developing a new community-wide program for financial literacy, our giving really shines through." employees can be found giving back. We are proud Our employees are not only serving the community of our employees. / during moments of devastation and grief.Our employees • ■ ; are there at every moment. In 2019, Central Bank of To watch a video about �1 1 :1=.J Boone County launched ProsperU, an educational our community service " - o e iri commitments, use your 'J kilr' program designed to empower the people of the �.-" smart hone camera to I community to achieve financial success. A product P `: 1 �[ of the bank's strategic plan to solidify its community scan this code. ,ll bank image, the program combines on and off-site ,- `; ..JIL ;; Strong roots. Endless possibilities: 6 • To Our Shareholders ..4.-L • ••,,,,,,, ,,, ,. ..::. . -:,...„.. I am pleased to announce that 2019 was another record year for our company with s,ong ,.,.. and improved performance across all key metrics.Once again,Central Bancomo k ::-4.• has delivered record core net income and earnings per share.Our succ- was driven by our ability to grow organically in our core Mar ets,St.on iiffe_di management, and two strategic acquisitions in newommunity --- We were rewarded for our efforts by being-pain ed-on,:(0-ft...'die,' in America"by Forbes Magazine. I ariapr94di,to sa,,six w.f.:go tidkii_Atti, Ur on the list and the highest-rated ban' rail. '‘Elfw.Egoil._ kre, sila, v.loi: . ---.-, Missouri. More importantly, onrcuspithei)go-ik-dkok._ ti(tip.•;,,-eitg,--, •mT .. --,_ -"- :.'1',-. ..-.- - ' legendary service. For the fourt1onse., ."ve . . satisfaction and net promot- -sorrai nc --1-F.3credi 'Ill'oTK: _ t ....,... , accolades are due to the conth io olci l• .r,d. N o)JJ. fiont (.55,.05 _ W- • , i employees and their decrea 0 i A o ,r co . ..- ._...' .1., .. . . . . - ..'' - _:- ,..,...00- , . 14... . ,.. . ,.. . , . . ,. . .. . , ., . _..,., . . . , .1• . '-'''',' .", . . . .,., .., . . .... ... :v. • ,....,; .,..., ,• ,, . . .. - • . lik . . •-•.. ...• • .. 4:, -•"•,i, :. •••••,I,.. , • v / • pa ' N '. ... ,. • , . , . , -.... .. - -;.'.0 ' • ,0 ::11',../.??•:',2‘i.'; :S..: '-., , • ,..,•$.,, - .:•..)-- .• -,- . '4!Lme ..„.. -.. %-- :- 1 ; ,`.''' •.' i T..- S.Bryon Cook, President and Chief Executive 0,0itte*,. 1 ,• '''' 4 . . 7 , . Central Bancompany has a long history of strong Credit Quality financial performance, and 2019 was another great All of our key credit risk indicators remain very strong year. Some key financial highlights for 2019 were: and favorable compared to industry peers: • 18.1%increase in net income from$177.6 mil- • Our year-end allowance for loan losses grew from lion in 2018 to$209.6 million in 2019.Included $128 million at the end of 2018 to$133 million at in 2019 is a gain on securities of$7.9 million the end of 2019,and our ratio of allowance to total unlike in 2018 when there was a securities loss loans was 1.40%of loans compared to 1.53%at the of$5.5 million. end of 2018. The decrease in our reserve to.total • 1.54% Return on Assets compared to our peers loan ratio is due to purchase accounting treatment who earned 1.19%. for$851 million of acquired loans at market value. • 12.9%increase in total assets to$14.9 billion in • Credit cost decreased to $14.0 million in 2019 2019;a$1.8 billion increase that includes organic compared to $15.9 million in 2018. growth and two acquisitions. • The ratio of net charge-offs to total loans was down • 18.1%increase in earnings per share from$40.13 to 0.11% in 2019 compared to 0.19% in 2018. in 2018 to $47.38 in 2019.. Both numbers reflect excellent credit performance • 21.4%increase in dividends paid to shareholders and compare favorably to industry peers. from $7.00 in 2018 to$8.50 per share in 2019. • 9.2% increase in shareholder book value from Growing Through Strategic Acquisition $439.97 in 2018 to $480.46 in 2019. One of the more notable accomplishments of NET INTEREST INCOME (in millions) 2019 was the acquisition of two banks in the greater Kansas City area-BankLiberty and Platte $465.019 Valley Bank.These strategic acquisitions give us a 470 stronger foothold in the burgeoning northern area g g g 450 of Kansas City.Together,they were considered two 430 of the strongest banks in their communities,with $418.530 combined assets of$1.13 billion and a network 410 of 20 locations, spanning 13 communities. This 390 deployment of capital gives us significant market share in that trade area and places us in Platte and 0 Clay Counties,currently two of the fastest-growing 2018 2019 counties in the state of Missouri. Our strong growth in 2019 net income was a result of good growth in both net interest income and non interest income.Net interest income increased$46.5 million or 11.1%. Average earning assets increased "Our success this year was driven $878 million, or 7.3%, and our net interest margin by our ability to grow organically increased from 3.52% in 2018 to 3.64% in 2019. Non-interest income grew by$27.8 million;a 17.1% in our core markets, strong year-over-year increase. financial management, and two For additional information,refer to Financial Review strategy C1CquSltfQtlrl starting on page 12 and the KPMG audited report new communiiies'.�� beginning on page 18. Strong roots. Endless possibilities. 8 These acquisitions are strategically important to the the importance of keeping pace with our largest success of our company as we continue to build scale competitors in the industry and are investing heavily in to leverage the technology and infrastructure necessary technology,analytics,and our overall digital strategy. to compete with the largest banks in the country. We could not make acquisitions of this magnitude In 2019,we built and launched Zelle®P2P within our mobile app,placing us in the fastest growing personal without first growing our capital by retaining a good payment network in the country.Since its launch,our portion of our earnings. In his annual letter to The customers'usage of P2P payments has doubled over our Berkshire Hathaway Inc.shareholders,Warren Buffet previous solution,and the feedback is overwhelmingly acknowledged the power of retained earnings,saying, "Overall, the retained earnings of our investees are positive.More importantly,this partnership with Zelle® certain to be of major importance in the growth of positions us evenly with the largest banks in the nation Berkshire's value." Buffet referenced an economic and keeps us competitive in our markets. theory from Edgar Lawrence Smith in 1924 and a Our branch network, as a customer touchpoint, book review written by John Maynard Keynes.From continues to play a significant role in our success.Just Smith's theory, Keynes stated that "Well-managed as we invest in mobile and online capabilites,we also industrial companies do not, as a rule, distribute to must continue to strengthen the technology in our the shareholders the whole of their earned profits." branches to increase our operational efficiency. We This theory has guided our company since its inception deployed our first Interactive Teller Machine (ITM) and afforded us the ability to think strategically and under the name "Video Teller" in 2018, removing act when acquisition opportunities become available. the teller transaction from the traditional lobby and Not only are we poised to grow in a significant way drive-up windows. With customer acceptance high, in Kansas City, but also when other opportunities we have now deployed more than 25 machines and become available. will double that number in 2020. We also introduced a new and more functional online Innovation to Serve and Grow account opening platform.This new platform allows a consumer to easily open an account through a mobile Today,Central Bancompany serves more than 500,000 device, removes all paper documentation, and has individuals and business customers in five states.Our significantly reduced the time to open and activate a new core relationships continue to grow thanks to our relationship.This was part of our strategic initiative to ability to remain relevant with products and services strengthen our digital channels as customers continue that are at the forefront of technology. We recognize to choose them over our traditional delivery models. TOTAL CORE FUNDING -� 0 $11,566,917,000 $1,630,052,000 •�-� 4 ly ' 1`f 7. 37A INl.3 54% n , _�� $3739782000 . $6,197,083,000 _ 9 It has never been more important for us to focus others in banking and other industries.To accomplish on our customers' experience, no matter where they this, we must work on better technology to produce choose to interact with us.We are making significant more efficient processes to help offset the increasing investments in data, business intelligence, user cost of labor. experience, information security infastructure, and On the positive side,we will have a full year of earnings user interface to stay ahead of the competition and on pace with customer demands.It is an exciting time for with the acquired assets from our two acquisitions in Kansas City.Also,we anticipate a solid increase in our the banking industry and for our company. mortgage origination income, and the current low Looking Ahead interest rates will encourage mortgage loan refinancing. My father had a keen eye for banking talent and always Expansion Opportunities followed a practice of hiring best qualified people.We are most fortunate to announce in this report that we Our conservative approach to de novo expansions has have added a highly skilled banker to our team. His served us well.However,during the last few years,we name is John Ross and his title will be President,Chief have cautiously moved into Colorado,Tennessee,and Operating Officer. He will report directly to me and North Carolina with mortgage operations. In 2018, have responsibility for the day-to-day operations of the we officially opened a full-service branch in Colorado company.He comes to us having been an executive of Springs,Colorado.These expansion efforts have proven one of the largest and most respected banks in the United to be successful and encouraged us to think about a States and with a wealth of executive experience.For a broader customer footprint. few years,we have been aware of the need to add more top quality management to our team.We are fortunate In 2020, We are actively looking for expansion to find John and we welcome him to our company. opportunities for our wealth management services -which continues to be a core business of our bank. Looking ahead to 2020, we were projecting another good year. However, as I write this letter the world has changed. The introduction of the coronavirus Innovation (COVID-19) has created a decline in the financial Our focus and decades of proven capabilities in markets and a decline in interest rates,contributing to technology have consistently created the differentiation slower economic activity.This will impact our earnings. necessary for us to remain best-in-class with our peers. At this moment, no one can predict the full effect of But our competition is no longer just the banks in this crisis, but our company's long term commitment our communities. We see increasing threats from to proven economic principals, positions us favorably digital-only offerings (Fin Techs) who compete on to weather the storm. Our corporate DNA demands speed and innovation and have the potential to create that we plan for the worst and hope for the best. We a significant deposit drain on our bank.This is why enter these challenging times with a very strong capital technology innovation will remain one of our major position.At the end of 2019,our tangible stockholders focuses to retain deposits and our core customer base. equity to assets ratio was 13.13%and our total risk based capital ratio was 17.98%.These ratios are considerably We remain committed to continuously enhancing our higher than our peers and greatly exceeds regulatory systems, applications, and user interfaces to compete well-capitalized guidelines of 8%and 10%respectively. on speed and customer security. Because we have the flexibility to implement new technologies with strategic Another headwind is the tight labor market.It is getting technology partners,we have the ability to act quicker to more difficult to fill positions.We will need to hire and consumer demands.We control our roadmap and that develop more talent in critical specialty positions and is our competitive advantage.With the consumer online keep our compensation and benefits competitive with account opening system implemented in 2019,you will Strong roots. Endless possibilities. 10 see even more enhancements to other applications to focus on customer service and dedication to excellence make it easier and faster to do business with us. that makes us so great year after year. I often speak with pride about the entrepreneurial spirit that drives We have invested heavily in our commercial banking our company; and how our management team is area over the past few years and are seeing the benefits committed to an enriching and empowering work of relationship management and specialized products. culture that promotes innovation.We are dedicated to The next step to improving our commercial customers community banking and the communities we serve. experience is to enhance their digital services. An Most importantly, we are committed to delivering expansion of this platform will bring better mobile long-term value to you, the shareholder. Thank you tools for our business customers,customized reporting, for your continued support and confidence in Central and increased functionality to accommodate this Bancompany. sophisticated customer base. Our credit card portfolio continues to grow in volume and revenue, but to remain competitive, we must continously improve our offer and card functionality. To do this,we have made the commitment to upgrade our platform and convert our card base. Though a S.Bryan Cook,President ChiefExecutive Officer complex project,the end result is better fraud and alert tools for customers,additional offers,and more options for rewards. This upgrade will allow for continued growth in this important line of business. We are committed to helping our retail and business customers achieve financial success and these new digital tools also allow us to communicate with our customers in a more meaningful way. Through data and insights,we can now better anticipate a customer's needs in order to strengthen our relationship with them. As we put the finishing touches on another very successful year,it is good to reflect on the ingredients that brought success throughout the years. It is inadequate but, at the same time, powerful to admit there is no secret formula for success because everything we do is there for anyone to see.Our success is baked in our DNA from years of evolution,evolving processes, building on the successes of those before us, the continuous development of better technology, from the hard work and good employees with a passion for providing the best possible banking services to our customers. In closing,I am very pleased with our performance this year and am cautiously optimistic for 2020.It is essential to understand that our success is the result of the strong, consistent efforts of our officers and employees, their 11 Financial Review Results of Operations increase compared to 2018. And the provision for credit losses in 2019 amounted to $14.0 million a Central Bancompany, Inc., recorded net income decrease of$1.9 million. Following is a breakdown of$209,643,000 in 2019, a $32,067,000 increase of the different components of each category and a compared to 2018 net income of$177,576,000.Two discussion of the changes. key bank performance measures are the return on assets and the return on equity.The company's return Net Interest Income on average assets was 1.54% in 2019 compared to Net interest income comprises the major source of 1.40%in 2018.The return on beginning equity was earnings for the Company. Net interest income is 10.77% in 2019 and 9.95% in 2018. the difference between interest and fees earned by the Average daily assets for the company were $13.635 Company from loans, securities, and other interest billion in 2019 compared to$12.694 billion in 2018. bearing investments, less interest paid on deposits, Consolidated assets of the Company on December and other interest bearing liabilities. 31, 2019 were $14.961 billion. Deposits increased In measuring net interest income, it is necessary to by 14.3% to $11.567 billion on December 31, 2019 evaluate all elements on a fully taxable equivalent and loans increased by 13.7% to $9.475 billion. On basis(FTE).FTE adjusts for the tax-exempt status of August 1,2019,the Company acquired BankLiberty interest earned on state and municipal investments of in Liberty,Missouri,with total assets of$533 million the Company and the nondeductible interest expense and on December 2, 2019, the Company acquired associated with funding certain tax-free investments. Platte Valley Bank of Missouri in Platte City,Missouri with total assets of $599 million. Total assets at Net interest income is affected by two factors: the December 31, 2019 include both banks and the volume of earning assets utilized by the Company and Company's operating results for 2019 includes the net the net interest rate spread, which is the difference income for each bank from the date acquired through in the rate earned on loans and investments, and December 31, 2019. BankLiberty was merged into the overall rate paid on deposits and other funding Central Bank of the Midwest on December 6, 2019 liabilities. and Platte Valley Bank will be merged into Central In 2019, net interest income was $465.0 million, up Bank of the Midwest in the second quarter of 2020. o $46.5 million, or 11.1% from 2018. The volume of Total stockholders' equity increased by 9.2% to average earning assets was $12.903 billion in 2019 $2,126,063,000 as of December 31, 2019. Book a 7.3% increase compared to 2018. Average loans value per share was $480.46 on December 31, 2019 increased by 4.9% to $8.671 billion while average compared to $439.97 on December 31, 2018. The deposits increased by 6.8% to $10.321 billion. The Company's 2019 year-end tangible equity to asset ratio Company's level of investment securities and short-term was 13.13%compared to 14.21%in 2018.Net income investments averaged$4.232 billion in 2019,a 12.5% per share was $47.38 in 2019 compared to $40.13 increase. per share in 2018,an 18.1%increase;total dividends paid by the Company in 2019 were$37,613,000, or The oCompany's net interest margin increased from $8.50 per share compared to $30,976,000 in 2018, 3.52/o in 2018 to 3.64% in 2019. or$7.00 per share, a 21.4% increase. The loan portfolio yielded 5.04%in 2019 and 4.73% Total revenue in 2019 amounted to$655.3 million,a in 2018 while the yield on the investment portfolio was $74.3 million increase,or 12.8%from 2018;excluding 2.53% in 2019 and 2.29%in 2018.The Company' ompany s security gains and losses total revenue increased$60.9 cost to fuond the earning assets was 0.57/o in 2019 million, or 10.4%. Non-interest expense incurred in and 0.43/o in 2018. 2019 was $368.9 million, a $29.9 million, or 8.8% Strong roots. Endless possibilities.' 12 Allowance for Loan Loss accounting requirements for acquired loans with the two acquisitions as the loan loss reserve is eliminated The Company accounts for losses experienced in its loan and the loans are discounted to fair value.Treating the portfolio on a reserve basis.The reserve is funded with discount on loans as a portion of the loan loss reserve provisions that are charged to expense,thereby lowering would increase the percentage to 1.53% at December operating earnings. Loan losses represent charges to 31, 2019, the same as the prior year-end. the reserve at such time that a loan is determined to be uncollectible. The reserve is maintained at a level Non-interest Income to cover possible losses in the loan portfolio. Non-interest income is comprised of fees and The Company's provision for loan losses was $14.0 commissions that are received from the products and million in 2019 compared to $15.9 million in 2018. services we provide to our customers. For 2019, total Net loan charge-offs were $9.1 million in 2019 and non interest income was $190.3 million compared $16.1 million in 2018. Net loan charge-offs as a to $162.5° million in 2018, a $27.8 million, or percentage of average loans was 0.11% in 2019 and 17.1/o increase; excluding security gains and losses, 0.19%in 2018.The reserve for possible loan losses was non-interest income increased by $14.4 million, or $128.0 million on December 31, 2018, or 1.53% of 8.6% driven by an $8.0 million, or 30.9% increase outstanding loans;this compares to a reserve of$132.9 in mortgage banking revenue which was enhanced million on December 31,2019,or 1.40%of loans.The by the expansion of mortgage banking efforts in decrease in the percentage to 1.40%is due to purchase Colorado. The following is a comparison by major categories of the 2019 non-interest income with 2018. (In millions) 2019 2018 $ Change % Change Service charges and commissions $50.6 $48.6 $2.0 4.1% Bankcard and merchant fees 47.9 45.2 2.7 6.0% Fees for fiduciary services 30.7 30.7 0.0 0.0% Mortgage banking revenues 33.9 25.9 8.0 30.9% Brokerage fees 14.5 13.6 0.9 6.6% Investment securities gains(losses) 7.9 (5.5) 13.4 Other 4.8 4.0 0.7 17.5% Total non-interest income $190.3 $162.5 $27.8 17.1% Non-interest Expense Non-interest expense for 2019 was$368.9 million compared to$339.0 million in 2018,an increase of$29.9 million or 8.8%.Some items contributing to the increase, 1)approximately$8.0 million of the increase was due to the two banks acquired, 2) Incentive based compensation was up $5.8 million, or 20.9% associated with the increase in fee based revenue,3)Medical insurance costs increased$4.1 million,or 36.6%in 2019 as premiums were reduced in 2018 due to favorable claims experience and overfunding in the Company's VEBA, and 4) Benefiting the 13 Company in 2019,was the freezing of the pension plan effective December 31,2018 as pension expense declined $12.0 million in 2019 while enhancement of the defined contribution plan added costs of$9.5 million resulting in a$2.5 million savings. Changes in non-interest expense by major categories between 2019 and 2018 follows: (In millions) 2019 2018 $ Change % Change Salaries and wages $174.0 $159.3 $14.7 , 9.2% Employee benefits and payroll taxes 44.7 41.1 3.6 8.8% Occupancy expenses 24.8 23.8 1.0 4.2% Equipment costs 12.9 14.1 (1.2) -8.5% Marketing and business development 10.0 9.4 0.6 6.4% Computer software and maintenance 13.2 11.9 1.3 10.9% BankCard processing and other costs 27.9 23.3 4.6 19.7% Management and consulting 8.2 6.6 1.6 24.2% FDIC insurance 0.5 2.6 (2.1) -80.8% OMSR amortization 7.1 4.7 2.4 51.1% Information services 5.2 5.0 0.2 4.0% Correspondent bank charges 3.5 3.2 0.3 9.4% FDIC indemnification amortization 1.6 3.5 (1.9) -54.3% Loan collection and other real estate - costs 3.1 2.6 0.5 19.2% Travel,meetings,and entertainment 4.2 3.8 0.4 , 10.5% Printing,telecommunication,postage 8.4 8.1 0.3 3.7% Legal fees 1.3 1.4 (0.1) -7.1% • Intangible asset amortization 1.9 1.3 0.6 46.2% Other 16.4. 13.3 3.1 22.5% Total non-interest expense $368.9 $339.0 $29.9 8.8% The Company's consolidated efficiency ratio for 2019 was 56.0% compared to 58.0% for 2018. Income Taxes For 2019, the Company recorded an expense for income taxes of$62.7 million compared to $48.5 million in 2018.The 2019 expense is comprised of$47.8 million in federal income tax, $10.6 million in state income tax, and$4.3 million in amortization of tax credit costs.The Company's effective tax rate(Federal and State)amounted to 23.0%in 2019 and 21.5% in 2018. Strong roots. Endless possibilities. 14 5 YEAR Consolidated Average Balance Sheet CENTRAL BANCOMPANY, INC. AND SUBSIDIARIES Assets 2019 2018 2017 2016 2015 Cash &Due From Banks $168,642,000 167,414,000 178,101,000 189,278,000 168,238,000 Investment Securities 3,363,369,000 2,949,581,000 3,386,506,000 3,197,151,000 3,066,014,000 Money Market Obligations 868,795,000 813,716,000 649,626,000 721,983,000 855,128,000 Loans Less Unearned Income 8,670,796,000 8,263,526,000 7,977,585,000 7,593,567,000 6,992,203,000 Allowance for Loan Loss (132,228,000) (129,565,000) (126,816,000) (126,391,000) (127,123,000) Net Loans 8,538,568,000 8,133,961,000 7,850,769,000 7,467,176,000 6,865,080,000 Other Assets 695,973,000 629,118,000 647,671,000 669,523,000 700,854,000 Total Assets $13,635,347,000 12,693,790,000 12,712,673,000 12,245,111,000 11,655,314,000 Liabilities and Stockholders' Equity Non-Interest Bearing Demand Deposits 3,368,629,000 ; 3,132,724,000 3,175,488,000 3,041,476,000 2,831,531,000 Savings,NOW,and Money Market Deposits 5,438,204,000 5,109,279,000 4,946,129,000 4,574,425,000 4,234,473,000 Time Deposits 1,514,351,000 1,418,183,000 1,546,619,000 1,573,276,000 1,659,896,000 Total Deposits 10,321,184,000 9,660,186,000 9,668,236,000 9,189,177,000 8,725,900,00 Federal Funds Purchased& Repurchase Agreements 1,016,169,000 976,546,000 1,129,666,000 1,240,600,000 1,186,022,000 Borrowed Funds 2,296,000 14,000 0 1,175,000 13,379,000 Other Liabilities 217,341,000 196,097,000 193,746,000 183,422,000 194,505,000 Total Liabilities 11,556,990,000 10,832,843,000 10,991,648,000 10,614,374,000 10,119,413,000 Stockholders'Equity 2,078,357,000 1,860,947,000 1,721,025,000 1,630,737,000 1,535,901,000 Total Liabilities and Stockholders' Equity $13,635,347,000 12,693,790,000 12,712,673,000 12,245,111,000 11,655,314,000 15 5 YEAR Consolidated Summary of Operations CENTRAL BANCOMPANY, INC. AND SUBSIDIARIES 2019 2018 2017 2016 2015 Interest Income $538,614,000 470,009,000 425,328,000 400,910,000 375,825,000 Interest Expense , 73,595,000 51,479,000 33,378,000 22,862,000 20,000,000.-' Net Interest Income 465,019,000 418,530,000 391,950,000 • 378,048,000 355,825,000 • Provision for Loan Losses 14,025,000 15,880,000 18,142,000 14,982,000 8,588,000 Non-Interest Income , 190,262,000 162,487,000 161,012,000 167,972,000 154,091,000 Non-Interest Expense. 368,928,000 339,013,000 335,288,000 329,572,000 326,333,000 Income Before Taxes . 272,328,000 226,124,000 199,532,000 201,466,000 174,995,000 Income Taxes 62,685,000 48,548,000 62,505,000 59,438,000 53,503,000 Net Income $209,643,000 177,576,000 137,027,000 142,028,000 121,492,000 , Strong roots. Endless possibilities: 16 Financial Data of Affiliate Banks As of December 31, 2019 Total Investment Stockholders' Bank Assets Loans Securities Deposits Equity Central Trust Bank, Jefferson City $2,652,771,000 $1,153,975,000 $1,225,635,000 $1,796,860,000 $194,082,000 Central Bank of the Midwest, Lee's Summit 2,399,654,000 1,642,302,000 340,223,000 1,943,678,000 351,375,000 Central Bank of Boone County, Columbia 2,198,637,000 1,267,153,000 566,128,000 1,777,954,000 169,384,000 Central Bank of St. Louis, Clayton 1,933,534,000 1,562,181,000 193,608,000 1,410,191,000 229,904,000 Central Bank of the Ozarks, Springfield 1,373,273,000 1,026,839,000 257,892,000 1,169,467,000 137,438,000 Central Bank of Lake of the Ozarks, Osage Beach 797,893,000 459,292,000 268,554,000 692,862,000 71,629,000 Central Bank of Oklahoma,Tulsa 703,633,000 589,019,000 34,555,000 544,041,000 133,443,000 Platte Valley Bank of Missouri, Platte City* 702,898,000 442,530,000 86,913,000 553,828,000 114,382,000 Jefferson Bank of Missouri, Jefferson City 644,462,000 479,486,000 138,482,000 540,665,000 60,501,000 Central Bank of Sedalia, Sedalia 428,790,000 298,473,000 96,705,000 367,666,000 38,579,000 Central Bank of Branson, Branson 355,496,000 237,807,000 86,372,000 294,319,000 35,460,000 Central Bank of Warrensburg, Warrensburg 255,609,000 131,953,000 84,372,000 209,461,000 36,555,000 Central Bank of Audrain County, Mexico 204,194,000 92,603,000 76,812,000 182,540,000 14,243,000 Central Bank of Moberly, Moberly 197,422,000 105,737,000 80,893,000 168,297,000 16,914,000 *Platte Valley Bank will join Central Bank of the Midwest in April of 2020. 17 ; 1.41144 KPMG LLP Suite 1100 1000 Walnut Street -Kansas City,MO 64106-2162 Independent Auditors' Report The Board of Directors Central Bancompany, Inc.: Report on the Financial Statements We have audited the accompanying consolidated financial statements of Central Bancompany Inc.and subsidiaries (the Company), which comprise the consolidated balance sheets as of December 31,2019 and 2018, and the related consolidated statements of income, comprehensive income, stockholders'equity, and cash flows for the years then ended, and the related notes to the consolidated financial statements. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with U.S. generally accepted accounting principles;this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. Auditors'Responsibility Our responsibility is to express an opinion on these consolidated financial statements based on our audits.We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement. • An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements.The procedures selected depend on the auditors'judgment, including the assessment of the risks of material misstatement of the consolidated financial statements,whether due to"fraud or error. In making those risk assessments,the auditor considers internal control relevant to the entity's preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances.An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion,the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Central Bancompany, Inc.and subsidiaries as of December 31,2019 and 2018, and the results of their operations and their cash flows for the years then ended in accordance with U.S.generally accepted accounting principles. Report on Internal Control Over Financial Reporting We also have audited, in accordance with auditing standards generally accepted in the United States of America,the Company's internal control over financial reporting as of December 31, 2019, based on criteria established in Internal Control—Integrated Framework(2013)issued by the Committee of Sponsoring KPMG LLP is a Delaware lmited lrebrlrty partrershlp ano Iha U S.member fore of the KPIv1G network of n:depencent member fares aftil:sreu with KPMG'rternanorral Cooperative I`KPMG lntemeboral"l a S viss entity Strong roots. Endless possibilities. 18 Organizations of the Treadway Commission (COSO)and our report dated March 26, 2020 expressed an unmodified opinion on the effectiveness of the Company's internal control over financial reporting. Central Bancompany, Inc. acquired Liberty Bancorp, Inc. and Platte County Bancorporation, Inc. during 2019, and management excluded from its assessment of the effectiveness of Central Bancompany's internal control over financial reporting as of December 31,2019, Liberty Bancorp, Inc. and Platte County Bancorporation, Inc.'s internal control over financial reporting as of and for the year ended December 31,2019. Our audit of internal control over financial reporting of Central Bancompany, Inc. also excluded an evaluation of the internal control over financial reporting of Liberty Bancorp, Inc. and Platte County Bancorporation, Inc. I<PIV(Cz- LEP Kansas City, Missouri March 26, 2020 19 2 CENTRAL BANCOMPANY,INC.AND SUBSIDIARIES Consolidated Balance Sheets December 31, 2019 and 2018 Assets 2019 2018 Cash and due from banks $ 234,609,000 242,982,000 Short-term interest-bearing deposits 692,406,000 1,001,146,000 Interest-bearing deposits 60,220,000 39,357,000 Federal funds sold and securities purchased under agreements to resell 200,831,000 194,184,000 Investment securities(note 2): Available for sale(AFS) 3,520,920,000 2,749,410,000 Held to maturity(fair value of$58,019,000 and $79,329,000,in 2019 and 2018,respectively) 57,222,000 78,251,000 Equity 55,322,000 66,078,000 Trading 108,000 125,000 Total investment securities 3,633,572,000 2,893,864,000 Loans(note 3) 9,475,093,000 8,328,530,000 Less allowance for loan losses(note 4) 132,949,000 128,045,000 Net loans 9,342,144,000 8,200,485,000 Land,buildings,and equipment,net(notes 6 and 14) 227,931,000 167,377,000 Deferred tax assets,net(note 8) 839,000 9,394,000 Foreclosed assets held for sale 9,756,000 11,354,000 Goodwill(note 7) 348,907,000 258,381,000 Core deposit and other intangibles(note 7) 25,122,000 6,545,000 Mortgage servicing rights(note 5) 20,474,000 20,950,000 Bank owned life insurance 22,848,000 2,677,000 Other assets 141,281,000 123,909,000 Total assets $ 14,960,940,000 13,172,605,000 See accompanying notes to consolidated financial statements. Strong roots. Endless possibilities. 20 CENTRAL BANCOMPANY, INC.AND SUBSIDIARIES Consolidated Balance Sheets December 31, 2019 and 2018 Liabilities and Stockholders' Equity 2019 2018 Deposits: Noninterest-bearing demand $ 3,739,782,000 3,324,466,000 Savings and interest-bearing demand 6,197,083,000 5,354,279,000 Time(note 9) 1,630,052,000 1,436,406,000 Total deposits 11,566,917,000 10,115,151,000 Federal funds purchased and securities sold under agreements to repurchase(note 10) 1,022,348,000 944,148,000 Trust preferred securities(note 11) 6,702,000 — Other liabilities(note 14) 238,910,000 166,423,000 Total liabilities 12,834,877,000 11,225,722,000 Stockholders' equity: Class A voting common stock,$1 par value.Authorized, 3,993,779 shares;issued, 1,993,779 shares 1,994,000 1,994,000 Class B nonvoting common stock,$1 par value.Authorized, 7,962,278 shares;issued,3,962,278 shares 3,962,000 3,962,000 Capital surplus 5,250,000 5,250,000 Retained earnings 2,253,438,000 2,081,588,000 Accumulated other comprehensive loss(note 16) (59,162,000) (66,492,000) 2,205,482,000 2,026,302,000 Less treasury stock of 447,682 shares of Class A voting common stock in 2019 and 2018,respectively; 1,083,290 shares of Class B nonvoting common stock in 2019 and 2018,respectively 79,419,000 79,419,000 Total stockholders' equity 2,126,063,000 1,946,883,000 Total liabilities and stockholders' equity $ 14,960,940,000 13,172,605,000 • See accompanying notes to consolidated financial statements. 21 CENTRAL BANCOMPANY,INC.AND SUBSIDIARIES Consolidated Statements of Income December 31,2019 and 2018 2019 2018 Interest income: Loans $ 435,465,000 389,246,000 Investment securities 83,203,000 64,711,000 Federal funds sold and securities purchased under agreements to resell 19,946,000 16,052,000 Total interest income 538,614,000 470,009,000 Interest expense: Deposits 58,880,000 39,049,000 Federal funds purchased,securities sold under agreements to repurchase,and borrowed funds 14,715,000 12,430,000 Total interest expense 73,595,000 51,479,000 Net interest income 465,019,000 418,530,000 Provision for loan losses(note 4) 14,025,000 15,880,000 Net interest income after provision for loan losses 450,994,000 402,650,000 Other income: Service charges and commissions 50,615,000 48,577,000 Bankcard and merchant service fees 47,913,000 45,246,000 Brokerage services 14,548,000 13,557,000 Fees for fiduciary services 30,739,000 30,704,000 Mortgage banking revenues(note 5) 33,917,000 25,945,000 Other 4,656,000 3,953,000 Investment securities gains(losses),net 7,874,000 (5,495,000) Total other income 190,262,000 162,487,000 Other expense: Salaries and employee benefits(note 12) 217,792,000 198,394,000 Net occupancy(notes 6 and 14) 24,837,000 23,839,000 Equipment(notes 6 and 14) 12,827,000 14,158,000 Computer software and maintenance 13,158,000 11,898,000 Marketing and business development 10,041,000 9,378,000 FDIC insurance 482,000 2,550,000 Management and consulting fees 8,261,000 6,607,000 Bankcard - 27,938,000 23,306,000 Other 53,592,000 48,883,000 Total other expense 368,928,000 339,013,000 Income before income taxes 272,328,000 226,124,000 Income taxes(note 8) 62,685,000 48,548,000 Net income $ 209,643,000 177,576,000 See accompanying notes to consolidated financial statements. Strong roots. Endless possibilities. 22 CENTRAL BANCOMPANY,INC. AND SUBSIDIARIES Consolidated Statements of Comprehensive Income December 31, 2019 and 2018 2019 2018 Net income $ 209,643,000 177,576,000 Change in unrealized gain(loss)on AFS securities, net of income taxes 16,385,000 (6,394,000) Change in pension(loss)gain,net of income taxes (9,055,000) 21,463,000 Total comprehensive income $ 216,973,000 192,645,000 See accompanying notes to consolidated financial statements. 23 CENTRAL BANCOMPANY,INC.AND SUBSIDIARIES Consolidated Statement of Stockholders'Equity December 31, 2019 and 2018 2019 2018 Common stock: Balance at beginning and end of year,Class A,voting $ 1,994,000 1,994,000 Balance at beginning and end of year,Class B,nonvoting 3,962,000 3,962,000 Capital surplus: Balance at beginning and end of year 5,250,000 5,250,000 Retained earnings: Balance at beginning of year 2,081,588,000 1,905,144,000 Adoption of ASU 2016-01 — 29,844,000 Adoption of ASU 2016-02 (180,000)Net income 209,643,000 177,576,000 Cash dividends($8.50 per common share in 2019 and$7.00 per common share in 2018) (37,613,000) (30,976,000) Balance at end of year 2,253,438,000 2,081,588,000 Accumulated other comprehensive loss Balance at beginning of year (66,492,000) (51,717,000) Adoption of ASU 2016-01 — (29,844,000) Other comprehensive income 7,330,000 15,069,000 Balance at end of year (59,162,000) (66,492,000) Treasury stock: Balance at beginning and end of year (79,419,000) (79,419,000) Total stockholders' equity $ 2,126,063,000 1,946,883,000 See accompanying notes to consolidated financial statements. Strong roots. Endless possibilities. 24 CENTRAL BANCOMPANY, INC.AND SUBSIDIARIES Consolidated Statement of Cash Flows December 31, 2019 and 2018 2019 2018 Cash flows from operating activities: Net income $ 209,643,000 177,576,000 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 24,319,000 21,129,000 Operating Leases 235,000 — Accretion of discounts and amortization of premiums,net 2,020,000 17,937,000 Deferred income taxes 4,429,000 15,920,000 Provision for loan losses 14,025,000 15,880,000 Gain on sale of loans (25,498,000) (17,683,000) Purchase of trading securities (1,899,000) (3,619,000) Sales of trading securities 1,918,000 3,793,000 Investment securities(gains)losses,net (7,874,000) 5,495,000 Originations of mortgage loans held for sale (1,084,430,000) (705,311,000) Proceeds from sales of mortgage loans held for sale 1,104,733,000 717,958,000 (Increase)in other assets (1,602,000) (1,879,000) Increase in other liabilities 1,221,000 2,409,000 Net cash provided by operating activities 241,240,000 249,605,000 Cash flows from investing activities: Purchase of available-for-sale securities (5,081,402,000) (2,506,528,000) Purchase of equity securities (7,946,000) (3,469,000) Purchase of held-to-maturity securities (1,402,000) — Proceeds from sales of available-for-sale securities 360,384,000 184,013,000 Proceeds from sales of equity securities 29,966,000 55,629,000 Proceeds from maturities of available-for-sale securities 4,072,663,000 2,580,641,000 Proceeds from maturities of held-to-maturity securities 22,290,000 11,126,000 Net change in interest bearing deposits (20,863,000) 34,729,000 Purchase of banks,net of cash acquired (100,712,000)Net increase in loans (299,967,000) (193,134,000) Additions to land,buildings,and equipment (23,668,000) (16,142,000) Disposals of land,buildings,and equipment 6,886,000 5,616,000 Net cash(used in)provided by investing activities (1,043,771,000) 152,481,000 Cash flows from financing activities: Increase in deposits 465,240,000 226,333,000 Increase(decrease)in federal funds purchased and securities sold under agreements to repurchase 64,438,000 (65,252,000) Dividends paid (37,613,000) (30,976,000) Net cash provided by financing activities 492,065,000 130,105,000 Net(decrease)increase in cash and cash equivalents (310,466,000) 532,191,000 Cash and cash equivalents at beginning of year 1,438,312,000 906,121,000 Cash and cash equivalents at end of year $ 1,127,846,000 1,438,312,000 Cash and due from banks $ 234,609,000 242,982,000 Short-term interest bearing deposits 692,406,000 1,001,146,000 Federal funds sold and securities purchased under agreements to resell 200,831,000 194,184,000 Total cash and cash equivalents $ 1,127,846,000 1,438,312,000 Supplemental disclosure of cash flow information: Interest paid S 75,218,000 52,792,000 Income taxes paid 48,588,000 36,661,000 Loans transferred to foreclosed assets held for sale 6,029,000 5,336,000 See accompanying notes to consolidated financial statements. 25 BANCOMPANY,INC.AND SUBSIDIARIES Notes to Consolidated Financial Statements December 31,2019 and 2018 (1) Summary of Significant Accounting Policies (a) Principles of Consolidation The accompanying consolidated financial statements include the accounts of Central Bancompany, Inc. and its subsidiary banks and companies (the Company). All intercompany accounts and transactions have been eliminated. The Company evaluated subsequent events for recognition or disclosure through March 26, 2020, the date on which the consolidated financial statements were issued. The spread of COVID-19 in the first quarter of 2020 has affected the economy and business operations throughout the world. The Company is in the process of evaluating the impact that COVID- 19 may have on the consolidated financial statements. While any impact is not know at this time,the Company expects COVID-19 will have an impact on the consolidated financial statements. (b) Use of Estimates Management has made a number of estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent assets and liabilities to prepare these consolidated financial statements in conformity with U.S. generally accepted accounting principles (GAAP). Actual results could differ from those estimates. (c) Cash and Cash Equivalents For purposes of the consolidated statements of cash flows,the Company considers cash and due from banks, short-term interest-bearing deposits maturing within 90 days, and federal funds sold and securities purchased under agreements to resell maturing within 90 days to be cash equivalents. Interest-bearing deposits are interest-bearing securities held at other financial institutions but are not considered cash and cash equivalents. (d) Investment Securities The Company classifies investment securities in one of four categories: equity, trading, available-for-sale, or held-to-maturity. Trading securities are bought and held principally for the purpose of selling them in the near term. Held-to-maturity securities are those that the Company has the positive intent and ability to hold to maturity. All debt securities are classified as available-for-sale. Held-to-maturity securities are recorded at amortized cost. Trading, equity, and available-for-sale securities are recorded at fair value. Unrealized holding gains and losses on equity and trading securities are included in earnings. Unrealized holding gains and losses, net of related tax effect, on available-for-sale securities are excluded from earnings and are reported as a separate component of accumulated other comprehensive income (loss) until realized. Realized gains and losses upon disposition of available-for-sale securities are included in income using the specific-identification method for determining the cost of the securities sold. Securities are evaluated for other-than-temporary impairments in accordance with guidance provided in Accounting Standards Codification (ASC) 320-10-35, Investments Debt Securities—Overall— Subsequent Measurement.For securities with other-than-temporary impairments,the entire loss in fair value is required to be recognized in current earnings if the Company intends to sell the securities or Strong roots. Endless possibilities.' 26 believes it likely that it will be required to sell the security before the anticipated recovery. If neither condition is met,but the Company does not expect to recover the amortized cost basis, the Company determines whether a credit loss has occurred, which is then recognized in current earnings. The noncredit-related portion of the overall loss is reported in other comprehensive income(loss). Purchased premiums and discounts on investment securities are amortized/accreted into interest income using the constant yield method based upon the remaining contractual maturity of the asset, adjusted for any expected prepayments. (e) Loans Interest on loans is accrued and credited to income based upon the principal amount outstanding using primarily a simple interest calculation. Fees associated with the origination of loans are deferred and amortized over the life of the loans and are shown as an adjustment to interest income using the straight-line method,which materially approximates the level-yield method.The accrual of interest on loans is discontinued when, in management's judgment, the interest is uncollectible in the normal course of business. When a loan is placed on non-accrual status, any interest previously accrued but not collected is reversed against current income. Interest received on nonaccrual loans is recognized on a cash basis.The loan is returned to accrual status only when the borrower has brought all past-due principal and interest payments current and, in the opinion of management, has demonstrated the ability to make future payments of principal and interest as scheduled. (1) Provision for Loan Losses The Company performs ongoing reviews of its loan portfolio to assess collectability, with a detailed review as of the close of each calendar quarter. The balance in the allowance for loan losses account reflects the Company's estimate of the losses inherent in the portfolio based on these reviews. While these estimates are based on generally accepted accounting principles(GAAP)and industry norms for assessing collectability, actual outcomes may differ from estimated results. In compliance with ASC 310-10, individual loans determined to be impaired are reviewed quarterly for impairment. Impaired loans consist of all troubled debt restructurings and most non-accrual loans. To determine the individual impairment on these loans,the Company applies regulatory requirements to either charge the loan down or establish a reserve for any incurred loss. Impaired loans that are collateral dependent are charged down to the fair value of collateral less selling costs. Loans which are not impaired are segregated into pools of loans with common risk characteristics as required by ASC 450-20. The historical annualized loss rate for each pool is determined and then adjusted by an appropriate loss emergence period. In accordance with regulatory guidance, these historical loss rates are then adjusted for factors which,in the opinion of management,are expected to cause future loss rates to be higher or lower than past loss rates. Some of these factors are external, such as current economic conditions and trends, and others are internal, such as changes in the composition and performance of the current loan portfolio. The Company's ending allowance balance is the sum of the estimated required reserve on the various pools of loans plus the estimated required reserve on impaired loans. (g) Land,Buildings,and Equipment Land, buildings, and equipment are stated at cost less accumulated depreciation. Depreciation is computed on the straight-line or declining balance method depending upon the type of asset. The Company generally assigns depreciable lives of 25-30 years for buildings; 15 years for building improvements; 15 years for land improvements; and 3-7 years for furniture, equipment,and software. Maintenance and repair costs are charged to expense as incurred.Major improvements are individually considered and are capitalized or expensed as the facts dictate. 27 (h) Goodwill and Other Intangible Assets Goodwill represents the excess of cost over equity in net assets of entities acquired. The Company accounts for goodwill in accordance with ASC 350, Intangibles — Goodwill and Other. Under ASC 350,goodwill and intangible assets that have indefinite useful lives are not amortized,but rather tested at least annually for impairment. Intangible assets that have finite useful lives continue to be amortized over 7 to 20 years. (i) Foreclosed Assets Foreclosed assets consist of property that has been formally repossessed. Collateral obtained through foreclosure is comprised of commercial and residential real estate and other non-real estate property, including automobiles. The assets are initially recorded at the lesser of the loan balance or fair value less estimated selling costs at the time of foreclosure, with any valuation adjustments charged to the allowance for loan losses. Subsequently, the asset is carried at fair value. Future operating results, including unrealized losses and realized gains and losses on sale, are recorded in other expense. (j) Income Taxes The Company and its subsidiaries file a consolidated federal income tax return. Certain income and expense items are accounted for differently for financial reporting purposes than for income tax purposes. Deferred income taxes are provided in recognition of these temporary differences at rates expected to be in effect when such differences reverse. (k) Comprehensive Income Comprehensive income is defined as the change in equity(net assets)of a business enterprise during a period from transactions and other events and circumstances from nonowner sources. For the Company, this includes net income, changes in unrealized gains and losses on available-for-sale investment securities, and the net periodic benefit cost related to the Company's defined benefit pension plan, net of applicable tax effects. The amounts recognized in accumulated other comprehensive loss related to the defined benefit pension plan are adjusted out of accumulated other comprehensive loss when they are subsequently recognized as components of net periodic benefit cost. (1) Mortgage Banking The fair value of retained mortgage servicing rights related to loans originated and sold is capitalized as an asset in accordance with ASC 860, Accounting for Servicing of Financial Assets, thereby increasing the gain on sale of the loan by the amount of the asset. Such mortgage servicing rights are amortized in proportion to and over the period of estimated net servicing income, considering appropriate prepayment assumptions.Any remaining unamortized amount is charged to expense if the related loan is repaid prior to maturity. Management monitors the capitalized mortgage servicing rights on a disaggregated basis by stratum for impairment based on the fair value of those rights. Any impairment is recognized through a valuation allowance. (m) Securities Sold under Agreements to Repurchase The Company enters into sales of securities under agreements to repurchase as of a specified future date. Such repurchase agreements are considered financing agreements, and accordingly, the obligation to repurchase assets sold is reflected as a liability in the consolidated balance sheet of the Company. Repurchase agreements are collateralized by securities that are under the control of the Company. Strong roots. Endless possibilities. 28 (n) Recent Accounting Pronouncements Financial Instruments —In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities,which require all equity investments to be measured at fair value with changes in the fair value recognized through net income, other than those accounted for under the equity method of accounting or those that result in the consolidation of the investee. Additionally, these amendments require presentation in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument- specific credit risk for those liabilities measured at fair value. The amendments also require use of the exit price notion when measuring the fair value of financial instruments for disclosure purposes. The ASU is effective for annual periods beginning January 1, 2018. The adoption of this pronouncement on January 1, 2018 resulted in an increase in tangible equity of approximately $30 million with the unrealized gain, net of taxes, moving from accumulated other comprehensive income to retained earnings. Leases—In February 2016, the FASB issued ASU 2016-02,Leases,which requires lessees to present right-of-use assets and lease liabilities on the balance sheet, as well as disclose key information regarding leasing arrangements. The guidance in this standard is effective for interim and annual periods beginning after December 15, 2018. The Company adopted this ASU as of January 1, 2019 using the effective date as the date of initial application. The adoption resulted in the recording of a $33.0 million right to use asset and a lease liability of$33.3 million to the consolidated Balance Sheet. The adoption did not have a material effect on the Company's financial statements or related disclosures. Credit Losses —In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments. The update replaces the current incurred loss methodology for recognizing credit losses with a current expected loss model,which requires the measurement of all expected credit losses for financial assets held at the report date based on historical experience, current conditions, and reasonable and supportable forecasts. The amendment broadens the information that the entity must consider in developing its expected credit loss estimates. Additionally, the update amends the accounting for credit losses on AFS debt securities. The update requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimated credit losses,as well as the credit quality and underwriting standards of a company's loan portfolio. The ASU is effective for annual periods beginning January 1, 2023. The Company is currently evaluating the effects of this pronouncement on its consolidated financial statements. Cash Flows—In August 2016,the FASB issued ASU 2016-15,Classification of Certain Cash Receipts and Cash Payments. The amendments provide guidance on eight specific cash flow issues. The ASU is effective for annual periods beginning January 1,2018. The change did not have a significant effect on the Company's consolidated financial statements. Goodwill — In January 2017, the FASB issued ASU 2017-04, Simpling the Test for Goodwill Impairment. The ASU simplifies the accounting for goodwill impairments and are effective for financial statements issued for annual periods beginning after December 15,2020.The Company does not believe the adoption will have a significant effect on its consolidated financial statements. Retirement Benefits—In March 2017,the FASB issued ASU 2017-07,Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. The ASU amends the requirements in ASC 715 related to the income statement presentation of the components of net periodic benefit cost for an entity's sponsored defined benefit pension and other postretirement plans. The ASU is effective for annual periods beginning after December 15,2017. The change did not have a significant effect on the Company's consolidated financial statements. 29 Derivatives—In August 2017,the FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities, which amends the hedge accounting recognition and presentation requirements in ASC 815. The ASU is effective for annual periods beginning after December 15,2018. The Company's adoption of this ASU in 2019 did not have a significant effect on its consolidated financial statements. Comprehensive Income — In February 2018, the FASB issued ASU-2018-02, "Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income". The ASU addresses industry concerns related to the application of ASC 740 to certain provisions of the new tax reform legislation commonly known as the Tax Cuts and Jobs Act. The ASU is effective for fiscal years beginning after December 15, 2018, however the Company early adopted the standard in 2018 which did not have a significant effect on its consolidated fmancial statements. (2) Investment Securities Effective January 1, 2018, ASU 2016-1, "Recognition and Measurement of Financial Assets and Financial Liabilities" was adopted by the Company. Equity securities were segregated from available for sale debt securities. The table below includes the fair value of equity securities as of December 31, 2019 and 2018 including, Federal Home Loan Bank Stock, Federal Reserve Bank Stock, and equity securities with no readily determinable value: Equity Securities 12/31/2019 12/31/2018 Common and preferred stocks with readily determinable fair value $ 4,957,000 26,953,000 Federal Home Loan Bank stock 19,357,000 14,889,000 Federal Reserve Bank stock 21,288,000 18,294,000 No readily determinable fair value 9,720,000 5,942,000 • Total equity securities $ 55,322,000 66,078,000 Prior to 2018, the change in the fair value of equity securities was recorded in accumulated other comprehensive (loss). The new guidance requires changes in fair value of equity securities to be recorded in current earnings. As of January 1, 2018, the unrealized gain of approximately $40,000,000 on equity securities was transferred from accumulated other comprehensive income,net of approximately$10,200,000 in taxes,resulting in an increase in retained earnings of$29,800,000. During 2019, $7,841,000 in gains were recorded on the net increase in market value of the common and preferred stock, consisting of$6,337,000 realized on sales during 2019 and $1,504,000 in net unrealized gains on the portfolio. $23,500,000 of the$27,000,000 in common and preferred stocks were sold in 2019. In 2018, $5,301,000 in losses were recorded on the net decline in market value of the common and preferred stock, consisting of$2,338,000 in losses realized on sales during 2018 and $2,963,000 in net unrealized losses on the portfolio. $69,000,000 of the$101,300,000 in common and preferred stocks were sold in 2018. Strong roots. Endless possibilities.' 30. The following tables show the carrying amount, gross unrealized holding gains, gross unrealized holding losses,and fair value of AFS and HTM securities by security type at December 31, 2019 and 2018. Gross Gross Amortized unrealized unrealized cost gains losses Fair values 2019 Available for sale: United States government obligations and government- sponsored enterprises $ 2,908,712,000 11,209,000 (4,447,000) 2,915,474,000 Obligations of states and political subdivisions 178,292,000 2,384,000 (68,000) 180,608,000 Other securities 427,633,000 316,000 (3,111,000) 424,838,000 $ 3,514,637,000 13,909,000 (7,626,000) 3,520,920,000 Held to maturity: United States government obligations and government- sponsored enterprises $ 90,000 4,000 — 94,000 Obligations of states and political subdivisions 57,132,000 895,000 (102,000) 57,925,000 $ 57,222,000 899,000 (102,000) 58,019,000 Gross Gross Amortized unrealized unrealized cost gains losses Fair values 2018 Available for sale: United States government obligations and government- sponsored enterprises $ 2,049,378,000 4,427,000 (16,114,000) 2,037,691,000 Obligations of states and political subdivisions 309,320,000 2,992,000 (810,000) 311,502,000 Other securities 406,293,000 595,000 (6,671,000) 400,217,000 $ 2,764,991,000 8,014,000 (23,595,000) 2,749,410,000 Held to maturity: United States government obligations and government- sponsored enterprises $ 114,000 5,000 — 119,000 Obligations of states and political subdivisions 78,137,000 1,194,000 (121,000) 79,210,000 $ 78,251,000 1,199,000 (121,000) 79,329,000 31 The amortized cost and fair value of available-for-sale and held-to-maturity securities at December 31,2019, by contractual maturity,are shown below: United States government obligations and government- Obligations of states Obligations of sponsored enterprises and political subdivisions other securities Amortized Amortized Amortized cost Fair value cost Fair value cost Fair value Available for sale: Within 1 year $ 685,152,000 685,835,000 120,461,000 121,172,000 301,399,000 301,447,000 After1 but within 5 years 489,537,000 489,103,000 50,087,000 50,948,000 62,587,000 62,245,000 Afters but within 10 years 1,986,000 1,986,000 7,243,000 7,992,000 34,985,000 32,505,000 After 10 years — — 501,000 496,000 — — Mortgage—and asset-backed securities 1,732,037,000 1,738,550,000 — — 28,661,000 28,641,000 $ 2,908,712,000 2,915,474,000 178,292,000 180,608,000 427,632,000 424,838,000 Held to maturity: Within 1 year $ — — 10,316,000 10,367,000 — — After 1 but within 5 years — — 25,935,000 26,315,000 — — After 5 but within 10 years — — 19,324,000 19,777,000 — — After 10 years — — 1,557,000 1,466,000 — — Mortgage—and asset-backed securities 90,000 94,000 — — $ 90,000 94,000 57,132,000 57,925,000 — — Proceeds from sales of available-for-sale securities in 2019 and 2018 were$360,384,000 and$184,207,000, respectively. Net gains of$33,000 and net losses of$194,000 were recognized on the sale of available-for- sale securities in 2019 and 2018,respectively. Other securities consist primarily of corporate bonds. Investment securities and money market obligations with a carrying value of approximately$2,712,000,000 and $2,329,000,000 were pledged to secure public deposits,repurchase agreements, and borrowed funds at December 31,2019 and 2018,respectively. Strong roots. Endless possibilities. 32 Gross unrealized losses on available-for-sale investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at December 31,2019 and 2018 were as follows: Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair value losses Fair value losses Fair value losses 2019 Available for sale: United States government obligations and government- sponsored enterprises $ 981,508,000 (1,971,000) 172,782,000 (2,450,000) 1,154,290,000 (4,421,000) Obligations of states and political subdivisions and other securities 265,179,000 (212,000) 93,481,000 (2,978,000) 358,660,000 (3,190,000) $ 1,246,687,000 (2,183,000) 266,263,000 (5,428,000) 1,512,950,000 (7,611,000) Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair value losses Fair value losses Fair value losses 2018 Available for sale: United States government obligations and government- sponsored enterprises $ 710,088,000 (1,176,000) 880,033,000 (14,938,000) 1,590,121,000 (16,114,000) Obligations of states and political subdivisions and other securities 272,878,000 (1,684,000) 171,962,000 (5,797,000)' 444,840,000 (7,481,000) $ 982,966,000 (2,860,000) 1,051,995,000 (20,735,000) 2,034,961,000 (23,595,000) Gross unrealized losses on held-to-maturity investment securities and the fair value of the related securities, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2019 and 2018 were as follows: Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair value losses Fair value losses Fair value losses 2019 Held to maturity: Obligations of states and political subdivisions — — 576,000 (102,000) 576,000 (102,000) $ 576,000 (102,000) 576,000 (102,000) 33 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Fair value losses Fair value losses Fair value losses 2018 Held to maturity: Obligations of states and political subdivisions 3,569,000 (11,000) 2,260,000 (110,000) 5,829,000 (121,000) $ 3,569,000 (11,000) 2,260,000 (110,000) 5,829,000 (121,000) For the investments in the tables above,management has determined that the unrealized losses are temporary in nature. A primary factor considered in making that determination is management's intent and ability to hold each investment for a period of time sufficient to allow for an anticipated recovery in fair value. Management has the positive intent and ability to hold each investment until the earlier of its anticipated recovery or maturity. Additional factors considered in determining whether a loss is temporary include: • The length of time and the extent to which fair value has been below cost • The severity of the impairment • The cause of the impairment and the financial condition and near-term prospects of the issuer • Activity in the market of the issuer, which may indicate adverse credit conditions Other-than-temporary impairment may arise in future periods, due to further deterioration in the general economy and national housing markets, and changing cash flows, loss severities, and delinquency levels of the securities'underlying collateral,which would negatively affect the Company's financial results. The Company's impairment policy requires a review of all securities for which fair value is less than amortized cost for a period of 12 months. Special emphasis and analysis is placed on securities whose credit rating has experienced a negative credit rating event. These securities are placed on a watch list, and for all such securities, further credit analysis, research, and rating agency outlook is evaluated for further action considerations. Securities below investment grade with risk of bankruptcy filing or uncertain financial outlook are considered for OTTI impairment. There were no securities on the watch list as of December 31, 2019 and 2018 that were considered other than temporarily impaired. As of December 31, 2019 and 2018, the Company had no recorded other than temporary impairment. Securities that were temporarily impaired at December 31, 2019 and 2018 are shown above, along with the length of the impairment period. Out of the total available-for-sale securities portfolio, consisting of 3,204 individual securities at December 31, 2019, 985 securities were temporarily impaired. Of these securities, 399 securities, amounting to 8%of the portfolio value,were temporarily impaired for 12 months or longer. With respect to United States government and federal agency obligations, the unrealized losses on investments in securities of U.S. government and federal agency obligations were caused by interest rate changes and other market conditions.The contractual terms of these investments do not permit the issuer to settle the securities at a price less than par. Because the Company has the ability and intent to hold these investments until a market price recovery or maturity, these investments are not considered other-than-temporarily impaired. These securities represent 65% of all securities at a loss for greater than 12 months. With respect to obligations of states and political subdivisions, the unrealized losses on investments in obligations of states and political subdivisions were caused by interest rate changes and other market conditions. The contractual terms of these investments do not permit the issuer to settle the securities at a price less than par. Strong roots. Endless possibilities: 34 Market rates moved higher year over year, while sector spreads accounted for the remainder of the decline in value. Historical spreads for corporate bonds tend to widen in times of financial distress (resulting in lower market values) and will narrow as markets calm down (market values will recover). The individual bond investments remain investment grade and within policy limits. Because the Company has the ability and intent to hold these investments until a market price recovery or maturity, these investments are not considered other-than-temporarily impaired. (3) Loans Loans consisted of the following at December 31,2019 and 2018: 2019 2018 Commercial $ 7,135,456,000 6,068,715,000 Real estate 1,116,341,000 1,008,318,000 Individual 1,266,345,000_ 1,282,976,000 9,518,142,000 8,360,009,000 Less unearned income 26,714,000 22,209,000 Less fair value adjustment 16,335,000 9,270,000 Total loans $ 9,475,093,000 8,328,530,000 With the purchase of BankLiberty and Platte Valley Bank of Missouri in 2019 as discussed in detail in Footnote #18 - Acquisitions, the Company purchased certain loans that included deterioration of credit quality for which payment of contractual amounts were subject to default (PCI loans). At December 31, 2019, the contractual balance, carrying value, and accretable discounts for PCI credits and non PCI credits carried at fair value are as follows: Contractual Loan Carrying Accretable Balance Value Discount PCI Loans From Prior Acquisitions $ 13,917,000 11,355,000 4,605,000 BankLiberty 10,815,000 8,213,000 Platte Valley Bank of Missouri 141,000 123,000 Non PCI Loans BankLiberty $ 369,271,000 369,271,000 3,124,000 Platte Valley Bank of Missouri 442,222,000 442,223,000 3,424,000 $ 836,366,000 831,185,000 11,153,000 Accretion moved from non-accretable to accretable in 2019 $ 332,000 Discount accretion recognized as interest income in 2019 from accretable $ 2,401,000 35 Loans acquired by the Company were$850,522,000 and$0 in 2019 and 2018,respectively. Loans made to officers and directors of the Company,including subsidiary banks and their related businesses are summarized below. They were made in the ordinary course of business at market rates. 2019 Balance at beginning of year $ 469,760,000 New loans 220,931,000 Repayments (213,421,000) Other changes (4,695 000) Balance at end of year $ 472,575,000 Mortgage loans held-for-sale at December 31, 2019 and 2018 totaled approximately $70,339,000 and $32,116,000,respectively.The Company determines at the time of origination whether mortgage loans will be held for the Company's portfolio or sold to the secondary market. Loans originated and intended for sale in the secondary market are recorded at the lower of aggregate cost or estimated fair value. The loans held for sale are included in loans on the balance sheets of the accompanying consolidated financial statements. Nonaccruing loans at December 31, 2019 and 2018 totaled approximately $51,743,000 and $28,003,000, respectively. The interest income recorded on nonaccrual loans was approximately $1,132,000 and $1,012,000 in 2019 and 2018,respectively. Restructured loans at December 31,2019 and 2018 totaled$26,883,000 and$27,657,000, respectively. The interest income recognized on restructured loans at December 31, 2019 and 2018 was approximately $979,000 and$762,000,respectively. The Company has entered into commitments to lend additional funds to the borrowers whose loans have been restructured and included in the totals disclosed above of approximately $2,000 at December 31, 2019. The table below shows the outstanding balance of loans classified as troubled debt restructurings (TDR) at December 31, 2019 and 2018. Nonperforming TDRs include all past-due and nonaccrual TDR loans. As of December 31, 2019, the Company had 19 TDRs totaling$5,984,000 that were past-due. 2019 2018 Performing Nonperforming Total Performing Nonperforming Total TDRs TDRs TDRs TDRs TDRs TDRs Commercial $ 10,494,000 7,533,000 18,027,000 13,010,000 5,106,000 18,116,000 Real estate 5,199,000 3,600,000 8,799,000 7,010,000 2,479,000 9,489,000 Individual 50,000 7,000 57,000 52,000 — 52,000 Total loans $ 15,743,000 11,140,000 26,883,000 20,072,000 7,585,000 27,657,000 The Company has outstanding commitments to provide loans to customers and also has issued letters of credit.Loan commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon,the total commitment amounts do not necessarily represent future cash requirements. Letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party.The credit risk involved in issuing letters of credit is essentially the same as is involved in extending loan facilities to customers. At December 31, 2019 and 2018, the Company had unfunded loan commitments of $2,706,598,000 and$2,368,775,000,respectively. Outstanding letters of credit as of December 31,2019 and 2018 amounted to$65,138,000 and$75,117,000, respectively. Strong roots. Endless possibilities. 36 The Company evaluates each customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary, by the Company upon extension of credit is based on management's credit evaluation of the customer.Collateral held varies,but may include accounts receivable,inventory,property, plant, equipment, and income-producing commercial properties. The Company's banking subsidiaries are located throughout the states of Missouri,Kansas,Illinois,and Oklahoma,and the Company's loan portfolio has no unusual geographic concentrations of credit risk beyond its market areas. (4) Allowance for Loan Losses The following is a summary of activity in the allowance for loan losses: Commercial and commercial Residential real estate real estate Individual Total At December 31,2019: Balance at beginning ofyear $ 85,757,000 22,089,000 20,199,000 128,045,000 Provision for loan losses 5,246,000 1,058,000 7,721,000 14,025,000 Loans charged off (4,787,000) (666,000) (10,612,000) (16,065,000) Recoveries on loans previously charged off 2,21 1,000 949,000 3,784,000 6,944,000 Balance at end ofyear $ 88,427,000 23,430,000 21,092,000 132,949,000 Commercial and commercial Residential real estate real estate Individual Total At December 31,2018: Balance at beginning ofyear $ 86,209,000 23,021,000 19,012,000 128,242,000 Provision for loan losses 7,529,000 (627,000) 8,978,000 15,880,000 Loans charged off (9,602,000) (1,071,000) (11,242,000) (21,915,000) Recoveries on loans previously charged off 1,621,000 766,000 3,451,000 5,838,000 Balance at end ofyear $ 85,757,000 22,089,000 20,199,000 128,045,000 The following table provides the balance in the allowance for loan losses at December 31, 2019 and 2018, and the related loan balance by impairment methodology. Loans evaluated under ASC 310-10-35, Receivable—Overall—Subsequent Measurement, include loans on nonaccrual status, which are individually evaluated for impairment,troubled debt restructurings,and other impaired loans deemed to have similar risk characteristics. All other loans are collectively evaluated for impairment under ASC 450-20, Loss Contingencies. Although the allowance for loan losses is comprised of specific and general allocations, the entire allowance is available to absorb credit losses. 37 Commercial and commercial Residential real estate real estate Individual Total At December 31,2019: Allowance for loan losses: Individually evaluated for impairment $ 802,000 149,000 — 951,000 Collectively evaluated for impairment 87,625,000 23,281,000 21,092,000 131,998,000 Total $ 88,427,000 23,430,000 21,092,000 132,949,000 Loans outstanding: Individually evaluated for impairment $ 29,462,000 6,223,000 — 35,685,000 Collectively evaluated for impairment 7,063,677,000 1,109,519,000 1,266,212,000 9,439,408,000 Total $ 7,093,139,000 1,115,742,000 1,266,212,000 9,475,093,000 Commercial and commercial Residential real estate real estate Individual Total At December 31,2018: Allowance for loan losses: Individually evaluated for impairment $ 646,000 44,000 — 690,000 Collectively evaluated for impairment 85,111,000 22,045,000 20,199,000 127,355,000 Total $ 85,757,000 22,089,000 20,199,000 128,045,000 Loans outstanding: Individually evaluated for impairment $ 26,575,000 5,225,000 — 31,800,000 Collectively evaluated for impairment 6,011,210,000 1,002,677,000 1,282,843,000 8,296,730,000 Total $ 6,037,785,000 1,007,902,000 1,282,843,000 8,328,530,000 Strong roots. Endless possibilities. 38 The following table presents information on impaired loans at December 31: 2019 2018 Impaired loans with a specific allowance provided Commercial and commercial real estate $ 7,333,000 5,715,000 Residential real estate 1,493,000 1,739,000 Individual — — 8,826,000 7,454,000 Impaired loans with no specific allowance provided Commercial and commercial real estate 33,863,000 23,378,000 Residential real estate 7,917,000 6,736,000 Individual — — 41,780,000 30,114,000 Total impaired loans $ 50,606,000 37,568,000 Allowance related to impaired loans Commercial and commercial real estate $ 802,000 646,000 Residential real estate 149,000 44,000 Individual _ — — Total allowance related to impaired loans $ 951,000 690,000 Total average impaired loans during 2019 and 2018 are shown in the table below. 2019 2018 Restructured Restructured and still and still Nonaccrual accruing Total Nonaccrual accruing Total Average Impaired Loans: Commercial and commercial real estate $ 23,515,000 11,803,000 35,318,000 22,779,000 13,298,000 36,077,000 Residential real estate 12,856,000 6,105,000 18,961,000 12,362,000 7,101,000 19,463,000 Individual 3,503,000 51,000 3,554,000 2,990,000 54,000 3,044,000 Total $ 39,874,000 17,959,000 57,833,000 38,131,000 20,453,000 58,584,000 39 Age Analysis of Past Due and Nonaccrual Loans Current or 90 Days less than past due 30 days 30—89 Days and still past due past due accruing Nonaccrual Total At December 31,2019: Commercial and commercial real estate $ 7,047,641,000 11,626,000 29,000 33,843,000 7,093,139,000 Residential real estate 1,089,695,000 11,384,000 565,000 14,098,000 1,115,742,000 Individual 1,252,799,000 9,154,000 457,000 3,802,000 1,266,212,000 Total $ 9,390,135,000 32,164,000 1,051,000 51,743,000 9,475,093,000 Current or 90 Days less than past due 30 days 30—89 Days and still past due past due accruing Nonaccrual Total At December 31,2018: Commercial and commercial real estate $ 6,018,156,000 6,423,000 20,000 13,186,000 6,037,785,000 Residential real estate 982,858,000 13,059,000 371,000 11,614,000 1,007,902,000 Individual 1,266,544,000 12,629,000 467,000 3,203,000 1,282,843,000 Total $ 8,267,558,000 32,111,000 858,000 28,003,000 8,328,530,000 The following table provides information about the credit quality of the loan portfolio using the Company's internal rating system reflecting management's risk assessment. Loans are placed on watch status when(1) one or more weaknesses which could jeopardize timely liquidation exists; or(2)the margin or liquidity of an asset is sufficiently tenuous that adverse trends could result in a collection problem. Loans classified as substandard are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified may have a well-defined weakness or weaknesses that jeopardize the repayment of the debt. Such loans are characterized by the distinct possibility that the Company may sustain some loss if the deficiencies are not corrected. Loans are placed on nonaccrual status when (1)deterioration in the financial condition of the borrower exists for which payment of full principal and interest is not expected, or (2)upon which principal or interest has been in default for a period of 90 days or more and the asset is not both well secured and in the process of collection. Commercial and commercial Residential real estate real estate Individual Total At December 31, 2019: Watch $ 91,413,000 10,843,000 395,000 102,651,000 Substandard 79,077,000 12,276,000 2,406,000 93,759,000 Nonaccrual 33,843,000 14,098,000 3,802,000 51,743,000 Total $ 204,333,000 37,217,000 6,603,000 248,153,000 Strong roots. Endless possibilities. 40 Commercial and commercial Residential real estate real estate Individual Total At December 31, 2018: Watch $ 88,358,000 12,080,000 648,000 101,086,000 Substandard 68,482,000 15,865,000 2,781,000 87,128,000 Nonaccrual 13,186,000 11,614,000 3,203,000 28,003,000 Total $ 170,026,000 39,559,000 6,632,000 216,217,000 (5) Mortgage Banking Activities Certain subsidiary banks of the Company originate mortgage loans and sell those loans to the Federal Home Loan Mortgage Corporation(FHLMC),Federal National Mortgage Association(FNMA), and other private investors. Typically, these loans are sold with servicing retained by the subsidiary banks. Loans sold with servicing retained in 2019 and 2018 aggregated $751,482,000 and $572,015,000, respectively. Loans serviced for investors aggregated $3,544,243,000 and $3,390,238,000 at December 31, 2019 and 2018, respectively. Included in mortgage banking revenues in the accompanying consolidated statements of income are gains on the sale of mortgage loans totaling $25,350,000 and $17,604,000 in 2019 and 2018, respectively. Servicing fees recorded by the banks, which are also recorded in mortgage banking revenues and recorded when collected, aggregated$8,567,000 and$8,341,000 in 2019 and 2018,respectively. Included in gain on sales of mortgage loans during 2019 and 2018 are capitalized mortgage servicing rights aggregating$6,605,000 and$5,953,000,respectively. The following assumptions were used in determining the fair value of the capitalized mortgage servicing rights: 2019 2018 Discount Rate 10.01% 10.02% Prepayment Speed 14.23% 10.36% Delinquency Rate 0.70% 0.19% A summary of the mortgage servicing rights is as follows: 2019 2018 Balance at beginning of year $ 20,950,000 19,659,000 Capitalized mortgage servicing rights 6,605,000 5,953,000 Amortization (6,996,000) (4,664,000) Change in valuation allowance (85,000) 2,000 Balance at end of year $ 20,474,000 20,950,000 The valuation allowance at December 31,2019 and 2018 was$86,000 and$1,000 respectively. 41 The following table shows the estimated future amortization expense based on existing asset balances and the interest rate environment as of December 31,2019. The Company's actual amortization expense in any given period may be different from the estimated amounts depending upon the addition of new intangible assets, changes in mortgage interest rates,prepayment rates, and other market conditions. Year: 2020 $ 3,820,000 2021 3,053,000 2022 2,499,000 2023 2,076,000 2024 and after 9,026,000 (6) Land,Buildings,and Equipment A summary of land,buildings, and equipment at December 31,2019 and 2018 is as follows: 2019 2018 Land $ 62,428,000 56,077,000 Buildings and improvements 267,506,000 247,325,000 Equipment 83,637,000 78,193,000 Right to use assets, net of amortization 34,696,000 — 448,267,000 381,595,000 Less accumulated depreciation 220,336,000 214,218,000 $ 227,931,000 167,377,000 The following table shows the estimated future depreciation expense based on existing asset balances as of December 31, 2019. Year: 2020 $ 15,186,000 2021 13,116,000 2022 11,231,000 2023 9,507,000 2024 8,120,000 Thereafter 73,647,000 Depreciation of buildings and equipment charged to operating expense was approximately$15,661,000 and $15,221,000 in 2019 and 2018,respectively, and is included in net occupancy and equipment expense on the consolidated statements of income. Amortization of right to use assets was approximately $1,707,000 in • 2019. Strong roots. Endless possibilities. 42 (7) Goodwill and Core Deposit Intangible Assets Goodwill and core deposit intangible assets are summarized in the following table: 2019 2018 Gross Gross carrying Accumulated Net carrying Accumulated Net amount amortization amount amount amortization amount Amortizable intangible assets: Core deposit intangible assets $ 26,311,000 (4,366,000) 21,945,000 17,755,000 (14,749,000) 3,006,000 Trust customer intangible asset 6,100,000 (2,923,000) 3,177,000 6,100,000 (2,561,000) 3,539,000 Unamortizable intangible assets: Goodwill $ 348,907,000 — 348,907,000 258,381,000 — 258,381,000 Aggregate amortization expense on core deposit and other intangible assets for the years ended December 31, 2019 and 2018 was$1,898,000 and$1,244,000,respectively.The following table shows the estimated future amortization expense for the next five years based on existing asset balances and the interest rate environment as of December 31,2019.The Company's actual amortization expense in any given period may be different from the estimated amounts depending upon the addition of new intangible assets and other market conditions. Year: 2020 $ 4,054,000 2021 3,992,000 2022 3,527,000 2023 3,517,000 2024 3,3 85,000 Thereafter 6,647,000 (8) Income Taxes The components of income tax expense on operations for the years ended December 31,2019 and 2018 are as follows: 2019 2018 Current income tax expense: Federal $ 47,179,000 37,039,000 State 10,912,000 5,776,000 Total current income tax expense 58,091,000 42,815,000 Deferred income tax expense: Federal 4,918,000 4,481,000 State (324,000) 1,252,000 Total deferred income tax expense 4,594,000 5,733,000 Total income tax expense on operations $ 62,685,000 48,548,000 43 The reasons for the difference between the effective tax rates of 23.0% and 21.5% for 2019 and 2018, respectively, and the current federal statutory income tax rate of 21%,are as follows: 2019 2018 Amount Percentage Amount Percentage Income tax expense at federal statutory rate $ 57,189,000 21.0 $ 47,486,000 21.0 Increase(reduction)in income taxes resulting from: Tax-exempt interest (2,906,000) (1.1) (3,501,000) (1.6) Dividend exclusion (39,000) 0.0 (242,000) (0.1) State income taxes,net of federal income tax 8,364,000 3.0 5,552,000 2.5 Nondeductible expenses 439,000 0.2 394,000 0.2 Federal tax credits,net of low income housing tax credit partnership amortization (385,000) (0.1) (852,000) (0.4) Other,net 23,000• 0.0 (289,000) (0.1) $ 62,685,000 23.0 $ 48,548,000 21.5 The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31,2019 and 2018 are presented below: 2019 2018 Deferred tax assets: Loans,principally due to allowance for loan losses $ 32,242,000 33,000,000 Accrued expenses 24,524,000 25,473,000 Buildings and equipment 1,212,000 3,107,000 Unrealized loss on available-for sale securities — 3,967,000 Defined benefit plan 20,026,000 18,749,000 Total gross deferred tax assets 78,004,000 84,296,000 Deferred tax liabilities: Prepaid pension expense 7,787,000 8,499,000 Mortgage servicing rights 4,886,000 5,332,000 Goodwill 26,213,000 25,998,000 Lease financing 33,019,000 26,623,000 Unrealized gain on equity securities 1,123,000 6,751,000 Unrealized gain on available-for sale securities 1,498,000 — Other 2,639,000 1,699,000 • Total gross deferred tax liabilities 77,165,000 74,902,000 Net deferred tax assets $ 839,000 9,394,000 The Company has not recorded a valuation allowance related to the net deferred tax assets at December 31, 2019 or 2018 due to historical and expected future earnings of the bank subsidiaries. On June 1,2018, Senate Bill No. 884("S.B. 884")was signed into Missouri state law. S.B. 884 reduces the Missouri corporate income tax rate from 6.25% to 4.00%, effective January 1, 2020. The Company completed its analysis of the effects of S.B.884 in its 2019 financial statements. The impact of the Missouri law change did not have a significant impact on the Company's deferred tax balances. Strong roots. Endless possibilities. 44 The Company classifies interest and penalties on uncertain tax benefits as income tax expense.In the normal course of business, the Company provides for uncertain tax positions and the related interest and penalties and adjusts its unrecognized tax benefits and related interest and penalties accordingly. Unrecognized tax benefits increased by$1.5 million during 2019,totaling$2.9 million at December 31, 2019. The Company's U.S. federal and state income tax returns for years prior to 2016 are no longer subject to examination by the tax authorities. (9) Deposits Maturities of time deposits are as follows at December 31, 2019: Year: 2020 $ 1,253,316,000 2021 246,216,000 2022 76,222,000 2023 30,268,000 2024 22,083,000 Thereafter 1,947,000 $. 1,630,052,000 Time deposits include certificates of deposit of$250,000 and over,totaling approximately$308,240,000 and$249,813,000 at December 31,2019 and 2018,respectively. Interest expense on such deposits amounted to$5,702,000 and$4,272,000 in 2019 and 2018,respectively. (10) Securities Sold under Agreements to Repurchase The Company's obligation to repurchase securities sold at December 31, 2019 and 2018 totaled $856,958,000 and$784,195,000,respectively.These are short-term borrowings that generally have one day maturities. Information concerning securities sold under agreements to repurchase during the year is as follows: 2019 2018 Average monthly balance during the year $ 825,270,000 786,583,000 Maximum month-end balance during the year 874,338,000 874,193,000 Average interest rate during the year 1.27% 1.14% Assets and liabilities relating to securities purchased under agreements to resell (resale agreements) and securities sold under agreements to repurchase (repurchase agreements) are presented gross in the consolidated balance sheet and the Company is not party to any offsetting arrangements associated with these agreements. Resale and repurchase agreements to purchase/sell securities are subject to an obligation to resell/repurchase the same or similar securities and are accounted for as collateralized financing transactions, not as sales and purchases of the securities portfolio. The securities collateral accepted or pledged in resale and repurchase agreements with other financial institutions also may be sold or re-pledged by the secured party,but is usually delivered to and held by third party trustees. The table below shows the remaining contractual maturities of repurchase agreements outstanding at December 31, 2019, in addition to the various types of marketable securities that have been pledged as collateral for these borrowings. 45 Remaining Contractual Maturity of the Agreements Overnight and Greater than continuous Up to 90 days 90 days Total December 31,2019 Repurchase agreements,secured by: U.S.government and federal ( agency obligations $ 172,582,000 — 20,074,000 $ 192,656,000 Government-sponsored enterprise obligations 39,706,000 — 350,000 40,056,000 Mortgage-backed securities 213,151,000 — 355,936,000 569,087,000 Other 55,159,000 — 55,159,000 Total Repurchase agreements, gross amount recognized $ 480,598,000 $ — $ 376,360,000 $ 856,958,000 (11) Trust Preferred Securities The Company with the acquisition of Platte County Bancshares, Inc. on December 2, 2019, acquired $6.7 million of Trust preferred security debt instruments consisting of 1)$3,000,000 of Trust preferred securities issued on July 31, 2001 with a 30 year maturity and a floating rate of 3.58%above three month LIBOR set quarterly. The current rate at December 31,2019 is 5.51%.2)$3,500,000 of Trust preferred securities issued on December 30, 2003 with a 30 year maturity and a floating rate of 2.85% above three month LIBOR set quarterly. The current rate at December 31, 2019 is 4.99%. 3) $202,000 of Trust preferred securities from the proceeds of the sale of the securities that were loaned to Platte County Bancshares, Inc. under subordinated debentures issued to the Trust pursuant to an indenture with payment terms identical to the preferred securities. The Company expects to retire the Trust preferred securities in the first quarter of 2020. (12) Employee Benefit Plans The Company has a noncontributory defined benefit pension plan,the Central Bancompany,Inc.Retirement Plan (the Plan), available to qualified employees, as defined under the Plan. On November 14, 2018, the Company's Board of Directors approved an amendment to freeze the Plan, effective December 31, 2018. After December 31, 2018, participants in the Plan will not accrue additional benefits for future service or compensation. Participants will retain benefits accumulated as of December 31, 2018 in accordance with the terms of the Plan. In accordance with applicable accounting standards, the Pension Plan's assets and liabilities were remeasured as of December 31, 2018. This resulted in a reduction of the accrued pension liability of approximately$26,691,000 and a curtailment gain of$2,317,000. The Company's funding policy is to contribute funds to an account maintained by the pension plan trustee, as necessary, to provide for the normal cost and amortization of the unfunded actuarial accrued liability. Assets held in the Plan are primarily government and government agency obligations, common stock, corporate bonds, mutual funds, and money market accounts. Certain executives also participate in a supplemental pension plan (the CERP) that the Company funds only as retirement benefits are disbursed. The CERP carries no segregated assets. Benefit obligations of the CERP are shown in the table immediately below.In all other tables presented,the pension plan and the CERP are presented on a combined basis, even though the CERP is unfunded. 2019 2018 Projected benefit obligation $ 23,085,000 21,365,000 Accumulated benefit obligation 22,332,000 22,433,000 Strong roots. Endless possibilities. 46 The following items are components of net pension cost for the years ended December 31,2019 and 2018: 2019 2018 Service cost benefits earned during the year $ — 10,216,000 Interest cost on projected benefit obligation 12,591,000 12,459,000 Expected return on plan assets (11,768,000) (14,299,000) Amortization of prior service cost — (829,000) Amortization of net loss 929,000 8,429,000 Curtailment gain recognized — (2,317,000) Net periodic pension cost $ 1,752,000 13,659,000 The following table sets forth the pension plans' funded status,using valuation dates of December 31, 2019 and 2018: 2019 2018 Change in projected benefit obligation: Projected benefit obligation at prior valuation date $ 287,007,000 326,661,000 Service cost — 10,216,000 Interest cost 12,591,000 12,459,000 Plan curtailments — (24,163,000) Benefits paid (15,833,000) (11,519,000) Actuarial(gain) loss 42,221,000 (26,647,000) Projected benefit obligation at valuation date 325,986,000 287,007,000 Change in plan assets: • Fair value of plan assets at beginning of year 224,264,000 231,796,000 Actual return on plan assets 42,747,000 (13,024,000) Employer contributions 1,022,000 17,011,000 Benefits paid (15,833,000) (11,519,000) Fair value of plan assets at end of year 252,200,000 224,264,000 Funded status and net amount recognized at December 31 $ (73,786,000) (62,743,000) Amounts recognized on the December 31 balance sheet are as follows: 2019 2018 Prepaid pension asset $ 32,548,000 33,380,000 Accrued benefit liability (106,334,000) (96,123,000) Net amount recognized at December 31 $ (73,786,000) (62,743,000) The estimated net loss expected to be amortized from accumulated other comprehensive income into net periodic pension cost in 2020 will be$1,909,000. 47 Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive loss, on a pretax basis, at December 31,2019 are as follows: Prior service asset $ — Accumulated loss (84,002,000) Accumulated other comprehensive loss,pretax (84,002,000) Cumulative employer contributions in excess of net periodic benefit cost 10,216,000 Net amount recognized on the December 31,2019 balance sheet $ (73,786,000) The following weighted average assumptions have been used at December 31,2019 and 2018: 2019 2018 Determination of benefit obligation at year-end: Discount rate 3.45% 4.45% Determination of net periodic benefit cost for the year ended: Discount rate 4.45% 3.85% Expected long-term rate of return on Plan assets 5.00 6.00 Rate of compensation increase — 3.12 The expected return on pension plan assets is developed using inflation expectations and risk factors to arrive at a long term nominal expected return for each asset class. The nominal expected return for each asset class is then weighted based on the target asset allocation to develop the expected long term rate of return on plan assets. The following table shows the Company's benefit cost, employer contributions, and benefits paid for the years ended December 31,2019 and 2018: 2019 2018 Benefit cost $ — 10,216,000 Employer contribution 1,022,000 17,011,000 Benefits paid 15,833,000 11,519,000 The weighted average asset allocations as of December 31,2019 and 2018,by asset category,are as follows: Plan assets as of December 31 2019 2018 Equity securities 73% 63% Fixed income 25% 30% Cash and equivalents 2% 7% Total 100% 100% Strong roots. Endless possibilities. 48 The Plan's Investment Policy focuses on efficient allocation of capital among various asset classes to create a diversified portfolio in order to achieve the Plan's investment return objective of 5.0%.In making capital allocation decisions,the Trustee considers the expected return, standard deviation,and correlation of returns of various asset classes, as well as the current term structure of interest rates and current market conditions. In order to generate returns sufficient to meet actuarial estimates of the Plan's future obligations,the majority of the Plan's assets are typically invested in asset classes with higher expected rates of return, specifically equity securities. In order to limit risk, a lesser allocation is made to fixed income securities. Within strict policy ranges, the Trustee has discretion to increase or decrease the equity and fixed income allocations in response to changing market conditions. The plan allocates a small percentage to real assets in the form of precious metals trusts. The following benefit payments are expected to be paid: 2020 $ 13,468,000 2021 14,101,000 2022 15,226,000 2023 15,897,000 2024 16,086,000 2025—2029 84,834,000 Following is a description of the valuation methodologies used for assets measured at fair value in the pension plan: Cash equivalents—Money market funds are valued at the closing price reported on the active market on which the funds are traded. U.S. government and agency obligations—Federal agencies are priced utilizing industry-standard models that consider various assumptions, including time value,yield curves,volatility factors,prepayment speeds, default rates, loss severity, current market, and contractual prices for the underlying financial instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace, can be derived from observable data, or are supported by observable levels at which transactions are executed in the marketplace. Municipal and corporate securities are valued using a type of matrix, or grid,pricing in which securities are benchmarked against the treasury rate based on credit rating. These model and matrix measurements are classified as Level 2 in the fair value hierarchy. Mutual funds and common stock—The fair value of these investments is based on quoted market prices from national securities exchanges. 49 The following table sets forth by level,within the fair value hierarchy,the pension plan's assets at fair value as of December 31, 2019: Fair value measurements at report date using Quoted prices in active Significant markets for other Significant identical unobservable unobservable December 31, assets inputs inputs 2019 (Level 1) (Level 2) (Level 3) Cash equivalents $ 7,457,000 7,457,000 — — U.S. government and agency obligations 13,679,000 — 13,679,000 Common stocks 60,102,000 60,102,000 —Mutual funds 170,962,000 170,962,000 — — Total $ 252,200,000 238,521,000 13,679,000 — The following table sets forth by level,within the fair value hierarchy,the pension plan's assets at fair value as of December 31, 2018: Fair value measurements at report date using_ Quoted prices in active Significant markets for other Significant identical unobservable unobservable December 31, assets inputs inputs 2018 (Level 1) (Level 2) (Level 3) Cash equivalents $ 18,928,000 18,928,000 — — U.S. government and agency obligations 29,990,000 7,359,000 22,631,000 — Common stocks 42,330,000 42,330,000 —Mutual funds 133,016,000 133,016,000 — — Total $ 224,264,000 201,633,000 22,631,000 — The Company has established a Voluntary Employees Beneficiary Association Trust (VEBA) to fund an employee benefit plan covering medical and dental benefits. For the years ended December 31, 2019 and 2018,the Company contributed$15,183,000 and$10,766,000,respectively,to the VEBA. The Company has established an employee savings plan under Section 401(k)of the Internal Revenue Code (the Code). Under this plan, employees are allowed to contribute a maximum of 75% of their base pay, subject to certain IRS limitations. The Company's matching contribution is equal to one-half of the employee's contribution up to a maximum of 6% of the employee's base pay. For the years ended December 31, 2019 and 2018, the Company contributed $3,768,000 and $3,080,000, respectively, to the 401(k)plan. In 2019, with the freezing of the defined benefit pension plan effective December 31, 2018, the Company added to the defined contribution plan two additional benefits. Effective January 1, 2019, a Non Elective Contribution(NEC)of 4%was given to all employees,except employees who are drawing a pension. NEC eligibility has an immediate entry date for employees age 18 or older. Subsequent to 2019, there will be a Strong roots. Endless possibilities. 50 Supplemental NEC of an additional 4%to employees who have been active ten plus years as of January 1, 2019 and not drawing a pension. This contribution will be given for five years. The Company cost for the two benefits for 2019 was $6,214,000 for the all employee 4% contribution and $2,600,000 for the 4% . contribution for ten year plus employees. The Company has established a deferred compensation plan. The liability for the plan, aggregating $38,421,000 and$39,206,000 at December 31, 2019 and 2018, respectively, is recorded in other liabilities in the accompanying consolidated balance sheets. Total expense under these arrangements included in • salaries and employee benefits was $3,695,000 and$3,420,000 for the years ended December 31, 2019 and 2018,respectively. (13) Capital Adequacy Quantitative measures established by regulation to ensure capital adequacy require the banks to maintain minimum amounts and ratios(set forth in the table below on a consolidated basis,amounts in thousands)of total and Tier 1 capital(as defined in the regulations)to risk-weighted assets,and of Tier 1 capital to average assets. At December 31, 2019, the Company met all capital requirements to which it is subject, and the Bank's capital position exceeded the regulatory definition of well-capitalized. The Basel III minimum required ratios for well-capitalized banks (under prompt corrective action provisions)are 6.5%for Tier I common capital, 8.0%for Tier I capital, 10.0%for Total capital and 5.0% for the leverage ratio. A summary of the Company's and its significant subsidiaries' (greater than $1.0 billion in assets) capital ratios at December 31,2019 and 2018 is as follows: (in 000's) Minimum capital adequacy Well-capitalized Actual requirement requirement Amount Ratio Amount Ratio Amount Ratio As of December 31,2019: Total risk-based capital(to risk-weighted assets): . Company $ 1,976,636 17.98% $ 879,384 8.00% $ - -% Central Bank of St.Louis 223,106 12.60 141,655 8.00 177,069 10.00 Central Trust Bank 214,421 13.87 123,712 8.00 154,641 10.00 Central Bank of Boone County 194,099 13.20 117,625 8.00 147,032 10.00 Central Bank of the Midwest 222,095 11.52 154,210 8.00 192,762 10.00 Central Bank of the Ozarks 147,002 12.64 93,071 8.00 116,339 10.00 Tier 1 capital(to risk-weighted assets): Company 1,842,162 16.76 659,538 6.00 Central Bank of St.Louis 200,963 11.35 106,241 6.00 141,655 8.00 Central Trust Bank 197,341 12.76 92,784 6.00 123,712 8.00 Central Bank of Boone County 175,719 11.95 88,219 6.00 117,625 8.00 Central Bank of the Midwest 202,939 10.53 115,657 6.00 154,210 8.00 Central Bank of the Ozarks 132,441 11.38 69,804 6.00 93,071 8.00 Tier 1 common equity capital (to risk-weighted assets): Company 1,835,460 16.70 494,653 4.50 - - Central Bank of St.Louis 200,963 11.35 79,681 4.50 115,095 6.50 Central Trust Bank 197,341 12.76 69,588 4.50 100,516 6.50 Central Bank of Boone County 175,719 11.95 66,164 4.50 95,571 6.50 Central Bank of the Midwest 202,939 10.53 86,743 4.50 125,295 6.50 Central Bank of the Ozarks 132,441 11.38 52,353 4.50 75,621 6.50 Tier 1 capital(to average assets): Company 1,842,162 13.13 561,274 4.00 Central Bank of St.Louis 200,963 10.62 75,704 4.00 94,630 5.00 Central Trust Bank 197,341 7.43 106,188 4.00 132,736 5.00 Central Bank of Boone County 175,719 8.46 83,070 4.00 103,837 5.00 Central Bank of the Midwest 202,939 11.27 72,010 4.00 90,013 5.00 Central Bank of the Ozarks 132,441 9.51 55,714 4.00 69,642 5.00 51 (in 000's) Minimum capital adequacy Well-capitalized Actual requirement requirement Amount Ratio Amount Ratio Amount Ratio As of December 31,2018: Total risk-based capital(to risk-weighted assets): Company $ 1,900,782 19.47% $ 780,908 8.00% $ - -% Central Bank of St.Louis 218,969 13.14 133,283 8.00 166,604 10.00 Central Trust bank 203,627 13.40 121,528 8.00 151,910 10.00 Central Bank of Boone County 187,929 13.13 114,522 8.00 143,153 10.00 Central Bank of the Midwest 171,870 12.26 112,121 8.00 140,152 10.00 Central Bank of the Ozarks 143,713 12.81 89,778 8.00 112,223 10.00 Tier 1 capital(to risk-weighted assets): Company 1,778,672 18.22 585,681 6.00 - - Central Bank of St.Louis 198,127 11.89 99,962 6.00 133,283 8.00 Central Trust bank 187,523 12.34 91,146 6.00 121,528 8.00 Central Bank of Boone County 170,037 11.88 85,892 6.00 114,522 8.00 Central Bank of the Midwest 154,343 11.01 84,091' 6.00 112,121 8.00 Central Bank of the Ozarks 129,669 11.55 67,334 6.00 89,778 8.00 Tier I common equity capital (to risk-weighted assets): Company 1,778,672 18.22 439,261 4.50 - - Central Bank of St.Louis 198,127 11.89 74,972 4.50 108,293 6.50 Central Trust bank 187,523 12.34 68,359 4.50 98,741 6.50 Central Bank of Boone County 170,037 11.88 64,419 4.50 93,049 6.50 Central Bank of the Midwest 154,343 11.01 63,068 4.50 91,099 6.50 Central Bank of the Ozarks 129,669 11.55 50,500 4.50 72,945 6.50 Tier 1 capital(to average assets): Company 1,778,672 14.21 510,150 4.00 - - Central Bank of St.Louis 198,127 10.85 74,124 4.00 92,655 5.00 Central Trust bank 187,523 7.89 95,712 4.00 119,640 ' 5.00 Central Bank of Boone County 170,037 8.88 76,726 4.00 95,908 5.00 Central Bank of the Midwest 154,343 9.21 70,946 4.00 88,682 5.00 Central Bank of the Ozarks 129,669 8.70 52,200 4.00 65,251 5.00 (14) Leasing Effective for 2019, the Company adopted ASU 2016-02, which required premises and equipment leased to be recorded as right to use assets with a corresponding lease liability. Leases are recorded at market values at the inception of the lease and may contain escalations based on indexes tied to the consumer price index or other factors for an increase in the amount of the lease payment. Escalators are included in valuing of right to use assets under certain conditions. Lease value cash flows are discounted to present value in recording the right to use asset based on Federal Home Loan Bank advance rates. The Company has made the election not to separate lease and non-lease components for existing real estate leases when determining consideration within the lease contract. All of the Company's lease agreements are classified as operating leases under ASC 842. Application of the new standard resulted in an $180,000 charge to the opening balance of undivided profits net of tax as of January 1, 2019, due to the Company adopting the transition using the effective date as the date of initial application allowed by the new standard. • Strong roots. Endless possibilities. 52 As of December 31, 2019, the Company's assets included right to use assets that had a weighted average lease term remaining of 28.2 years and a weighted average discount rate of 3.8%. Operating lease cost recorded in occupancy and equipment expense amounted to$3,191,000 in 2019. Operating cash flows from operating leases were$2,974,000 in 2019. As of December 31,2019,the right to use assets,reported within premises and equipment, net, and lease liability, reported within other liabilities, recognized on the Company's financial statements totaled$34,696,000 and$35,173,000,respectively. As of December 31,2019,undiscounted operating lease liabilities are scheduled to mature as follows: Year: 2020 $3,044,000 2021 2,920,000 2022 2,812,000 2023 2,731,000 2024 2,607,000 Thereafter 44,658,000 The adoption of the lease standard using the effective date as of the date of initial application requires the inclusion of the disclosure for periods prior to adoption,which is included in the table below. Minimum future rental commitments as of December 31,2018, for all non-cancelable operating leases were as follows: Year: 2019 $ 2,982,000 2020 2,560,000 2021 2,433,000 2022 2,337,000 2023 2,288,000 Thereafter 44,376,000 $ 56,976,000 Operating expense and short term lease costs totaled$3,600,000 in 2019. (15) Litigation The Company and its subsidiaries are defendants in various claims, legal actions, and complaints arising in the ordinary course of business.In the opinion of management,after consultation with legal counsel,all such matters are adequately covered by insurance or reserves recorded by management or are of such nature that the unfavorable disposition of any, or all, such matters would not have a material adverse effect on the financial position of the Company. 53 (16) Fair Value Disclosures Fair Value Hierarchy The Company uses fair value measurements to record fair value adjustments to certain financial and nonfinancial assets and liabilities and to determine fair value disclosures.Various financial instruments such as available-for-sale and trading securities are recorded at fair value on a recurring basis.Additionally,from time to time, the Company may be required to record at fair value other assets and liabilities on a nonrecurring basis,such as loans,loans held for sale,mortgage servicing rights,and certain other investment securities. These nonrecurring fair value adjustments typically involve lower of cost or market accounting, or write-downs of individual assets. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, the Company uses various valuation techniques and assumptions when estimating fair value, which are in accordance with ASC 820. ASC 820 establishes a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: • Level 1 —inputs to the valuation methodology are quoted prices(unadjusted)for identical assets or liabilities in active markets. • Level 2 — inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liabilities, either directly or indirectly(such as interest rates,yield curves, and prepayment speeds). • Level 3—inputs to the valuation methodology are unobservable and significant to the fair value. These may be internally developed,using the Company's best information and assumptions that a market participant would consider. When determining the fair value measurements for assets and liabilities required or permitted to be recorded or disclosed at fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. When possible, the Company looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Company looks to market observable data for similar assets and liabilities. Strong roots. Endless possibilities. 54 Valuation Methods for Instruments Measured at Fair Value on a Recurring Basis The following table presents assets and liabilities measured at fair value on a recurring basis (including items that are required to be measured at fair value) at December 31,2019 and December 31, 2018. Fair value measurements at report date using Quoted prices in active Significant markets for other Significant Fair Value identical observable unobservable December 31, assets inputs inputs 2019 (Level 1) (Level 2) (Level 3) Assets: Available-for-sale investment securities: Money markets $ 1,881,000 1,881,000 — — U.S.treasuries 357,623,000 357,623,000 Agencies 819,104,000 — 819,104,000 — Fixed rate MBS pools 418,933,000 — 418,933,000 — Floating rate and hybrid ARM MBS pools 265,784,000 — 265,784,000 — SBA pools 290,083,000 — 290,083,000 — Fixed rate CMOs 448,715,000 — 448,715,000 — Floating rate CMOs 315,234,000 — 315,234,000 — Tax-exempt municipal bonds 126,850,000 — 126,850,000 — Taxable municipal bonds 53,757,000 — 53,757,000 — Corporates 422,956,000 — 422,956,000 — Equity investments 55,322,000 4,957,000 50,365,000 — Trading securities: Tax-exempt municipal bonds 108,000 — 108,000 — Total $ 3,576,350,000 364,461,000 3,211,889,000 — Fair value measurements at report date using Quoted prices in active Significant markets for other Significant Fair Value identical observable unobservable December 31, assets inputs inputs 2018 (Level 1) (Level 2) (Level 3) Assets: Available-for-sale investment securities: Money markets $ 2,173,000 2,173,000 —U.S.treasuries 269,588,000 269,588,000 Agencies 605,497,000 — 605,497,000 — Fixed rate MBS pools 287,680,000 — 287,680,000 — Floating rate and hybrid ARM MBS pools 361,263,000 — 361,263,000 — SBA pools 336,313,000 — 336,313,000 — Fixed rate CMOs 161,517,000 — 161,517,000 — Floating rate CMOs 15,240,000 — 15,240,000 — Tax-exempt municipal bonds 273,129,000 — 273,129,000 — Taxable municipal bonds 38,373,000 — 38,373,000 — Corporates 398,637,000 — 398,637,000 — Equity investments 66,078,000 26,953,000 39,125,000 — Trading securities: Tax-exempt municipal bonds 125,000 — 125,000 — Total $ 2,815,613,000 298,714,000 2,516,899,000 — 55 Following is a description of the Company's valuation methodologies used for instruments measured at fair value on a recurring basis: Available-for-Sale Investment Securities Available-for-sale securities are accounted for in accordance with ASC 320, with changes in fair value recorded in accumulated other comprehensive income (loss). This portfolio comprises the majority of the assets the Company records at fair value. Most of the portfolio, which includes federal agency, mortgage-backed, and asset-backed securities, are priced utilizing industry-standard models that consider various assumptions,including time value,yield curves,volatility factors,prepayment speeds,default rates, loss severity,current market and contractual prices for the underlying financial instruments,as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace, can be derived from observable data,or are supported by observable levels at which transactions are executed in the marketplace. Municipal and corporate securities are valued using a type of matrix, or grid pricing in which securities are benchmarked against the treasury rate based on credit rating. These model and matrix measurements are classified as Level 2 in the fair value hierarchy. Where quoted prices are available in an active market, the measurements are classified as Level 1. Most of the Level 1 measurements apply to exchange-traded equities. Trading Securities The majority of the securities in the Company's trading portfolios are priced by averaging several broker quotes for identical instruments,and are classified as Level 2 measurements. Loans Held for Sale Loans held for sale are carried at the lower of cost or market value. The portfolio consists primarily of residential real estate loans that are originated with the intent to sell.The Company contracts to sell the loans to the FHLMC, FNMA, and other private investors. Fair value measurements on these loans held for sale are based on quoted market prices for similar loans in the secondary market and are classified as Level 2. No write-down was necessary at December 31,2019. Valuation Methods for Instruments Measured at Fair Value on a Nonrecurring Basis Following is a description of the Company's valuation methodologies used for other financial instruments measured at fair value on a nonrecurring basis: Mortgage Servicing Rights The Company initially measures its mortgage servicing rights at fair value, and amortizes them over the period of estimated net servicing income. They are periodically assessed for impairment based on fair value at the reporting date. Mortgage servicing rights do not trade in an active market with readily observable prices. Accordingly, the fair value is estimated based on a valuation model, which calculates the present value of estimated future net servicing income.The model incorporates assumptions that market participants use in estimating future net servicing income, including estimates of prepayment speeds, market discount rates, cost to service, float earnings rates, and other ancillary income, including late fees. The fair value measurements are classified as Level 3. A fair value adjustment of$86,000 was recorded on the mortgage servicing rights at December 31,2019. Strong roots. Endless possibilities. 56 Collateral Dependent Impaired Loans While the overall portfolio is not carried at fair value, adjustments are recorded on certain loans to reflect partial write-downs that are based on the value of the underlying collateral. In determining the value of real estate collateral,the Company relies on external appraisals and assessment of property values by its internal staff. In the case of non-real estate collateral, reliance is placed on a variety of sources, including external estimates of value and judgments based on the experience and expertise of internal specialists. Because many of these inputs are not observable, the measurements are classified as Level 3. The carrying value of these impaired loans and the allowance related to these loans was $35.7 million and$.9 million at December 31, 2019, respectively. Impaired loans carried at fair value were $34.8 million at December 31, 2019. Foreclosed Assets Foreclosed assets consist of loan collateral, which has been repossessed through foreclosure. This collateral is comprised of commercial and residential real estate and other non-real estate property. Foreclosed assets are recorded as held for sale initially at the lower of the loan balance or fair value of the collateral less estimated selling costs. Subsequent to foreclosure, valuations are updated periodically, and the assets may be marked down further,reflecting a new cost basis.Fair value measurements may be based upon appraisals, third-party price opinions, or internally developed pricing methods. These measurements are classified as Level 3. Fair Value of Financial Instruments The carrying amounts and estimated fair values of financial instruments held by the Company, in addition to a discussion of the methods used and assumptions made in computing the estimates, are set forth below. Cash and Due from Banks, Short-term Interest-Bearing Deposits, Federal Funds Sold and Securities Purchased Under Agreement to Resell, and Accrued Interest Receivable The carrying amounts for cash and due from banks, short-term interest-bearing deposits, and federal funds sold, and securities purchased under agreements to resell, and accrued interest receivable approximate fair value because they mature in 90 days or less and do not present unanticipated credit concerns. Time Deposits The fair value of time deposits is based on the discounted value of cash flows. Discount rates are based on the Company's approximate cost of obtaining similar maturity funding in the market. Their fair value measurement is classified as Level 3. Investment Securities The estimated fair value of the Company's debt and equity securities is based on bid prices published in financial newspapers or bid quotations received from security dealers. The fair value of certain state and municipal securities that are not available through market sources is based on quoted market prices of similar instruments. 57 Loans The estimated fair value of the Company's loan portfolio is based on the segregation of loans by type— commercial, residential mortgage, and consumer. Each loan category is further segmented into fixed and adjustable-rate interest categories.In estimating the fair value of each category of loan,the carrying amount of the loan is reduced by an allocation of the allowance for loan losses. Such allocation is based on management's loan classification system, which is designed to measure the credit risk inherent in each classification category. The estimated fair value for variable rate loans is the carrying value of such loans,reduced by an allocation of the allowance for loan losses based on management's loan classification system. The estimated fair value of fixed-rate loans is calculated by discounting the scheduled cash flows for each loan category—commercial,residential real estate,and consumer.The cash flows through maturity for each category of fixed-rate loans are aggregated for each of the Company's subsidiary banks. Prepayment estimates for residential real estate and installment consumer loans are based on estimates for similar instruments in the secondary market with similar maturity schedules and interest rates. Estimated credit losses affecting the scheduled cash flows have been reflected as a reduction in the scheduled cash flows in the discounting model. Discount rates used for each loan category of fixed rate loans represent rates the Company believes are reflective of what the Company could sell loans for based on market conditions and the Company's assessment of credit quality. Deposits The fair value of deposits with no stated maturity is equal to the amount payable on demand. Such deposits include savings and interest and non-interest-bearing demand deposits. The fair value of demand deposits does not include the benefit that results from the low-cost funding provided by deposit liabilities compared to the cost of borrowing funds in the market. Because they are payable on demand, they are classified as Level 1 in the fair value hierarchy. The fair value of time deposits is based on the discounted value of cash flows.Discount rates are based on the Company's approximate cost of obtaining similar maturity funding in the market. Their fair value measurement is classified as Level 3. Federal Funds Purchased and Securities Sold Under Agreements to Repurchase The estimated fair value of federal funds purchased and securities sold under agreements to repurchase approximate their carrying values because of the short-term nature of these borrowings. Trust Preferred Securities and Accrued Interest Payable The estimated fair value of Trust Preferred Securities of the Company is determined by discounting the contractual cash flows using discount rates for similar instruments currently being offered. The estimated fair value of accrued interest payable approximates the carrying value because of the short term nature of the liability. The estimated fair values of the Company's financial instruments are as follows: Strong roots. Endless possibilities." 58 December 31,2019 Carrying Estimated Fair Value amount Level 1 Level 2 Level 3 Financial Assets Cash and due from banks and short-term interest bearing deposits $ 927,015,000 927,015,000 — — Interest bearing deposits 60,220,000 — — 60,654,000 Federal funds sold and securities purchased under agreements to resell 200,831,000 200,831,000 — — Investment securities(1) Available for sale 3,520,920,000 359,504,000 3,161,416,000 — Held to maturity 57,222,000 — 57,443,000 677,354 Equity 55,322,000 4,957,000 50,365,000 274,000 Trading 108,000 — 108,000 — Loans(2) Commercial loans 7,003,980,000 — — 6,996,640,000 Real estate loans 1,022,572,000 — — 1,030,294,000 Individual loans 1,245,253,000 — — 1,248,514,000 Loans held for sale 70,339,000 — 70,339,000 — December 31,2018 Carrying Estimated Fair Value amount Level 1 Level 2 Level 3 Financial Assets Cash and due from banks and short-term interest bearing deposits $ 1,244,128,000 1,244,128,000 Interest bearing deposits 39,357,000 — — 39,396,000 Federal funds sold and securities purchased under agieeuients to resell 194,184,000 194,184,000 — — Investment securities(1) Available for sale 2,749,410,000 269,587,000 2,479,823,000 Held to maturity 78,251,000 — 78,753,000 576,000 Equity 66,078,000 26,953,000 39,125,000 Trading 125,000 — 125,000 — Loans(2) Commercial loans 5,951,479,000 6,039,311,000 Real estate loans 986,229,000 976,018,000 Individual loans 1,262,777,000 — — 1,252,093,000 Loans held for sale 32,116,000 — 32,116,000 — 59 December 31, 2019 Carrying Estimated Fair Value amount Level 1 Level 2 Level 3 Financial Liabilities Noninterest-bearing demand $ 3,739,782,000 3,739,782,000 — — Savings and interest-bearing demand 6,197,083,000 6,197,083,000 —Time deposits 1,630,052,000 — — 1,626,809,000 Total deposits $ 11,566,917,000 9,936,865,000 _ — 1,626,809,000 Federal funds purchased and securities sold under agreements to repurchase $ 1,022,348,000 1,022,348,000 — — Trust Preferred Securities 6,702,000 6,702,000 Accrued interest payable 4,960,000 4,960,000 — — December 31, 2018 Carrying Estimated Fair Value amount Level 1 Level 2 Level 3 Financial Liabilities Noninterest-bearing demand $ 3,324,466,000 3,324,466,000 — — Savings and interest-bearing demand 5,354,279,000 5,354,279,000 —Time deposits 1,436,406,000 1,421,518,000 Total deposits $ 10,115,151,000 8,678,745,000 — 1,421,518,000 Federal funds purchased and securities sold under agreements to repurchase $ 944,148,000 944,148,000 — — Accrued interest payable 3,337,000 3,337,000 Limitations Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instruments. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company's entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company's financial instruments, fair value estimates are based on judgments regarding future loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective, involve uncertainties and cannot be determined with precision.Changes in assumptions could significantly affect the estimates. Strong roots. Endless possibilities: 60 (17) Accumulated Other Comprehensive Loss The table below shows the activity and accumulated balances for components of other comprehensive loss. Unrealized Gains/Losses Pension on AFS Securities Plan Total Balance December 31,2017 $ 24,667,000 (76,384,000) (51,717,000) Reclassification from adoption of ASU 2016-01 (29,844,000) — (29,844,000) Other comprehensive (loss)income before reclassifications (8,469,000) 23,508,000 15,039,000 Amounts reclassified from accumulated other comprehensive(loss)income (126,000) 5,283,000 5,157,000 Current period other comprehensive (loss)income,before tax (8,595,000) 28,791,000 20,196,000 Income tax benefit(expense) 2,201,000 (7,328,000) (5,127,000) Current period other comprehensive (loss)income,net of tax __ (6,394,000) 21,463,000 15,069,000 Balance December 31,2018 (11,571,000) (54,921,000) (66,492,000) Other comprehensive income(loss)before reclassifications 21,864,000 (10,332,000) 11,532,000 Amounts reclassified from accumulated other comprehensive loss (14,000) — (14,000) Current period other comprehensive income(loss),before tax 21,850,000 (10,332,000) 11,518,000 Income tax(expense)benefit (5,465,000) 1,277,000 (4,188,000) Current period other comprehensive • income(loss),net of tax 16,385,000 (9,055,000) 7,330,000 Balance December 31,2019 $ 4,814,000 (63,976,000) (59,162,000) (18) Acquisitions Liberty Bancorp,Inc. On August 1., 2019, the Company acquired Liberty Bancorp, Inc. (LBI) located in Liberty, Missouri and its 100%owned subsidiary BankLiberty. The purchase was a cash transaction resulting in the purchase of 100% of the common stock of LBI. BankLiberty operates as a retail and commercial bank within a 13 branch network in Liberty,Missouri and the surrounding area. Total bank assets at the acquisition date were$533 million with loans of$411 million and deposits of$458 million. Subsequent to the merger, on December 6, 2019, BankLiberty was merged into Central Bank of the Midwest, a subsidiary of the Company located in the Kansas City, Missouri area. Also,the borrowed funds and subordinated debt of BankLiberty were paid off at the time of the merger into Central Bank of the Midwest. Goodwill of $45.0 million was recorded with the purchase of LBI. The goodwill recorded is not tax deductible. A summary of the historical balances acquired and the adjustments to arrive at fair value follows: 61 LB I Fair Value Fair August 1,2019 Adjustments Value Assets Cash and due from banks $ 8,529,000 — 8,529,000 Due from banks interest bearing 57,274,000 — 57,274,000 Investment securities 13,011,000 21,000 13,032,000 Loans 411,389,000 757,000 406,175,000 (5,971,000) Allowance for loan loss (5,143,000) 5,143,000 — Premises and equipment 14,257,000 (1,915,000) 12,342,000 Other real estate owned 4,457,000 (2,237,000) 2,220,000 Bank owned life insurance 19,927,000 — 19,927,000 Goodwill 3,927,000 (3,927,000)Core deposit intangible 1,993,000 (1,993,000) 10,292,000 10,292,000 Other assets 3,790,000 847,000 2,202,000 (2,435,000) Total assets $ 533,411,000 (1,418,000) 531,993,000 Liabilities and equity Non-interest bearing demand $ 124,036,000 — 124,036,000 Interest bearing demand and savings 270,964,000 — 270,964,000 Time deposits 63,642,000 63,642,000 Total deposits 458,642,000 — 458,642,000 Fed funds and repurchase agreements 4,226,000 — 4,226,000 Other borrowed funds 3,500,000 — 3,500,000 Subordinated debt 2,504,000 1,105,000 3,609,000 Other liabilities 4,493,000 — 4,493,000 Total liabilities 473,365,000 1,105,000 474,470,000 Equity 60,046,000 (60,046,000) — Total liabilities and equity $ 533,411,000 (58,941,000) 474,470,000 • Net acquired fair value 57,523,000 Purchase price 102,646,000 Goodwill 45,123,000 During 2019,the Company finalized the valuation resulting in the adjustments to state the balance sheet at fair value. The Company's operating results from August 1,2019 include the operating results of the acquired assets and liabilties of BankLiberty. Strong roots. Endless possibilities 62 Platte County Bancorporation Inc. On December 2, 2019, the Company acquired Platte County Bancorporation Inc. (PCBI) located in Platte City,Missouri and its 100%owned subsidiary Platte Valley Bank of Mo. (PVBM). The purchase was a cash transaction resulting in the purchase of 100%of the common stock of PCBI. PVBM operates as a retail and commercial bank within a 9 branch network in Platte City,Missouri and the surrounding area. Total assets acquired were$599 million, loans were$448 million and deposits amounted to$528 million. As of yearend,PVBM was operating as a subsidiary of the Company. Subject to regulatory approval,PVBM will be merged into Central Bank of the Midwest in the second quarter of 2020. Goodwill of$45.2 million was recorded with the purchase of PCBI. The goodwill recorded is tax deductible. A summary of the historical balances acquired and the adjustments to arrive at fair value follows: PCBI Fair Value Fair December 2,2019 Adjustments Value Assets Cash and due from banks $ 5,709,000 5,709,000 Due from banks interest bearing 38,384,000 — 38,384,000 Investment securities 92,135,000 154,000 92,289,000 Loans 447,924,000 (3,575,000) 41411,349,000 Allowance for loan loss (5,463,000) 5,463,000 — Premises and equipment 12,802,000 (641,000) 12,161,000 Goodwill 178,000 (178,000) — Core deposit intangible — 10,181,000 10,181,000 Other assets 7,081,000 — 7,081,000 Total assets $ 598,750,000 11,404,000 610,154,000 Liabilities and equity Non-interest bearing demand $ 159,197,000 — 159,197,000 Interest bearing demand and savings 270,633,000 — 270,633,000 Time deposits 98,053,000 335,000 98,388,000 Total deposits 527,883,000 335,000 528,218,000 Fed funds and repurchase agreements 9,536,000 — 9,536,000 Subordinated debt 6,702,000 — 6,702,000 Other liabilities 2,714,000 — 2,714,000 Total liabilities 546,835,000 335,000 547,170,000 Equity 51,915,000 (51,915,000)Total liabilities and equity $ 598,750,000 (51,580,000) 547,170,000 Net acquired fair value 62,984,000 Purchase price 108,203,000 Goodwill 45,219,000 The adjustments to fair value are estimates based on a preliminary analysis. Final adjustments are expected to be recorded in the first six months of 2020. The Company's operating results from December 2,2019 include the operating results of the acquired assets and liabilties of PCBI and PVBM. 63 The following is the process to determine the fair value amounts: 1) For cash and due from banks, due from banks interest bearing, bank owned life insurance, other assets, and other liabilities — historical balances as of the acquisition date were used for opening fair value balances. 2) Investment securities are adjusted to market value at purchase date. 3) The fair value of the loan portfolio was determined by calculating the future cash flows associated with the loans factoring in amortization schedules,prepayments,defaults, current interest rates relative to the loan rates, and other factors discounted back to present value in determining the fair value as of the acquisition date. 4) The core deposit intangible was determined using an income approach as to the cost savings method which recognizes the cost savings represented by the expense of maintaining the core deposit base versus the cost of an alternative open market funding source by calculating the present value of the future benefit stream related to the acquired deposits. 5) Premise and equipment's fair value was determined by taking historical values and adjusting the values lower if the appraised value for individual assets were lower than historic values. 6) Time deposit fair value adjustment was determined by a present value calculation based upon current market rates for comparable time deposits. 7) Trust Preferred Securities are a floating rate instrument therefore was brought over at book value. The fair value for loans, core deposit intangible, and time deposits was determined by an independent third party. (19) Derivative Instruments The Company's mortgage banking operation makes commitments to extend fixed rate loans secured by 1-4 family residential properties, which are considered to be derivative instruments. These commitments have an average term of 60 to 90 days.The Company's general practice is to sell such loans in the secondary market. During the term of the loan commitment, the value of the loan commitment changes in inverse proportion to changes in market interest rates. The Company obtains forward sale contracts with investors in the secondary market in order;to manage these risk positions. Most of the contracts are matched to a specific loan on a"best efforts"basis,in which the Company is obligated to deliver the loan only if the loan closes. Hedge accounting has not been applied to these activities. The unrealized gain on the forward sales contracts, which has not been recognized in the Company's consolidated statements of income given its insignificance, amounted to $323,000 and $165,000 for the years ended December 31, 2019 and 2018, respectively. The Company maintains an overall interest rate risk management strategy that permits the use of derivative instruments to modify exposure to interest rate risk. The Company's interest rate risk management strategy includes the ability to modify the repricing characteristics of certain assets and liabilities so that changes in interest rates do not adversely affect the net interest margin and cash flows.Interest rate swaps may be used on a limited basis as part of this strategy. The Company also sells interest rate swap contracts to customers who wish to modify their interest rate sensitivity. The Company offsets the interest rate risk of these swaps by purchasing matching contracts with offsetting pay/receive rates from other financial institutions. These Back-to-Back swap contracts comprised a portion of the Company's swap portfolio at December 31, 2019 and 2018 with total notional amounts of$332.9 million and$178.4 million, respectively. The Company's "Back-to-Back" swaps are accounted for as free-standing derivatives, and changes in their fair value are recorded in current earnings. Strong roots. Endless possibilities. 64 The Company also employs the use of"Critical Terms"swaps. While this strategy does not directly involve customers of the banks,they are used to swap the interest rate structure of individual loans. By using Critical Terms,the bank is able to mark-to-market the loan as well. For derivatives designated and that qualify as fair value hedges,the gain or loss on the derivative as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in earnings. The Company includes the gain or loss on the hedged items in the same line item as the offsetting loss or gain on the related derivatives. These structures had a notional amount of$24.3 million, with a fair value of$(200,000)and$13.4 million, with a fair value of$669,000 at December 31,2019 and 2018,respectively. Derivative Assets Derivative Liabilities Derivative Assets Derivative Liabilities 12/31/19 12/31/19 12/31/18 1.2/31/18 Back to back swaps $ 6,018,000 (6,018,000) 2,631,000 (2,631,000) Fair value hedges 249,000 (449,000) 669,000 (20) Revenue Recognition On January 1, 2018, the Company adopted ASU 2014-09, Revenue from Contracts with Customers, and its related amendments. The core principle of the new guidance is that an entity should recognize revenue to reflect the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Revenue from financial instruments, including revenue from loans and securities, is not included within this guidance. Of the remaining revenue,those items that are subject to this guidance mainly include fees for bank card,trust, deposit account services, and consumer brokerage services. Noninterest revenue streams within the scope of this guidance are discussed below and summarized in the table that follows. Fees for Fiduciary Services Trust and asset management income is primarily comprised of fees earned from the management and administration of trusts and other customer assets. The Company's performance obligation is generally satisfied over time and the resulting fees are recognized monthly,based upon the month-end market value of the assets under management and the applicable fee rate. Other transactional-based services such as tax return preparation are available. The performance obligation for these services is generally satisfied and related revenue recognized, at the conclusion of each month. Deposit Accounts and Other Fees Service charges on deposit accounts consist of account analysis fees (i.e., net fees earned on analyzed business and public checking accounts), monthly service fees, check orders, and other deposit account related fees. The Company's performance obligation for account analysis and monthly service fees is generally satisfied, and the related revenue recognized, when the service is provided and received immediately or in the following month. The Company provides corporate cash management services to its business customers to meet their various transaction processing needs. Such services include deposit and check processing, lockbox, remote deposit, reconciliation, online banking, and other similar transaction processing services. The Company maintains unit prices for each type of service, and the customer is billed based on transaction volumes processed monthly. 65 Overdraft fees are charged to customers when daily checks and other withdrawals to customers' accounts exceed balances on hand. The daily overdraft charge is calculated and the fee is posted to the customer's account each day. Other deposit related fees such as check orders, foreign ATM processing fees, stop payment fees, and cashier's checks are largely transactional based, and therefore, the Company's performance obligation is satisfied, and related revenue recognized,when the transaction is processed. Bankcard Transaction Fees Fees, exchange, and other service charges are primarily comprised of debit and credit card income,ATM fees, merchant services income, and other service charges. Debit and credit card income is primarily comprised of interchange fees earned whenever the Company's debit and credit cards are processed through card payment networks such as MasterCard. The fees earned are established by the settlement network and are dependent on the type of transaction processed but are typically based on a per unit charge. Interchange income is settled daily through the networks. Consumer Brokerage Services Consumer brokerage services revenue is comprised of commissions received upon the execution of purchases and sales of mutual fund shares and equity securities, in addition to certain limited insurance products in an agency capacity. Also,fees are earned on managed advisory programs. Payment from the customer is upon settlement for purchases and sales of securities,upon purchase for annuities and insurance products, and upon inception of the service period for advisory programs. Other Non-Interest Income from Contracts with Customers Other non-interest income consists mainly of gains on foreclosed assets as well as bank premises and equipment. Performance obligations for these services consist mainly of the execution of transactions for sale of various properties. Fees from these revenue sources are recognized when the performance obligation is completed, at which time cash is received by the Company. 2019 2018 Service charges and commissions Deposit account and other fees $ 40;963,000 38,955,000 Other non-ASC 606 revenue 9,652,000 9,622,000 50,615,000 48,577,000 Bankcard and merchant service fees Bankcard transaction fees 47,913,000 45,246,000 Brokerage services Consumer brokerage service fees 14,548,000 13,557,000 Fees for fiduciary services Fiduciary service fees 30,739,000 30,704,000 Other Gain on sale of bank premises and equipment 566,000 501,000 Other non-ASC 606 revenue 4,090,000 3,452,000 4,656,000 3,953,000 Strong roots. Endless possibilities. 66 Company History 1970 Central Bancompany incorporates as a FNB of Audrain County acquires multi-bank holding company that includes Laddonia State Bank, Laddonia, MO The Central Trust Bank and Jefferson Bank of Missouri, both in Jefferson City, MO Launched InvestorServices, 1972 First National Bank of Clayton joins a full-service brokerage division Central Bancompany 1995 FNB of Missouri (previously FNB of 1973 Acquired—The Guaranty Trust Company, Lee's Summit) acquires First State Bank of Clayton, MO Buckner, Buckner, MO 1974 Acquired—Boone County National Bank, Empire Bank acquires Webster County Bank Columbia, MO and Pleasant Hope Bank,Springfield,MO 1977 Acquired—First National Bank of Mexico, 1997 Acquired—Bank of Warrensburg, Mexico, MO Warrensburg, MO and renamed First Central Bank Deployed first automated teller Acquired—Farmers &Traders Bank, machine (ATM) California, MO 1979 Acquired—City Bank&Trust Company, Boone County National Bank acquires Moberly, MO Mercantile Bank of Boonville,Boonville,MO 1980 Acquired—Empire Bank, Springfield, MO 1998 First Central Bank acquires Bank of Higginsville, Higginsville, MO 1984 Reached $1 Billion in Total Assets FNB of St. Louis (previously FNB of 1985 Central Trust Bank acquires Lake National Clayton) acquires Colonial Bank, Bank of Tuscumbia, Tuscumbia, MO Des Peres, MO 1986 Acquired—Bank of the Lake of the Launched Internet Banking Ozarks, Osage Beach, MO Launched Credit Card Division 1999 Acquired—Bank of Jacomo,Blue Springs,MO Boone County National Bank acquires 1988 Central Bank of Lake of the Ozarks acquires State Bank of Hallsville and Sturgeon State Camden County Bank, Camden,MO Bank, Boone County, MO Acquired—Ozark Mountain Bank, Central Trust Bank acquires Fulton Branson, MO Savings Bank, Fulton, MO 1991 Empire Bank acquires Nixa Bank,Nixa,MO Farmers and Traders Bank, California, MO merges with Central Trust Bank,Jefferson 1992 Acquired—Third National Bank of Sedalia, City, MO Sedalia, MO 2000 Central Trust Bank acquires deposits from 1993 Acquired—First National Bank of Lee's Union Planters Bank, California, MO Summit, Lee's Summit, MO Added our 50'h Location Reached $5 Billion in Total Assets 2001 FNB of St. Louis acquires Mid America 1994 Boone County National Bank acquires Bank of St. Clair County, O'Fallon, IL South County Bank,Ashland, MO 67 Expanded into the State of Recognized by Forbes as being a Illinois TOP TEN bank in America Added our 100'h Location 2010 Empire Bank acquires Citizens National Bank, Springfield, MO 2004 Bank of Jacomo collapses into FNB of 2011 TNB of Sedalia acquires Union Savings Missouri Bank, Sedalia, MO Acquired—Community Bank and Trust 2012 Metcalf Bank acquires, through purchase Company,Tulsa, OK and assumption agreement, Heartland Bank, Leawood, KS First Central Bank acquires Higginsville, Reached branches of Bank Midwest $10 Billion in Total Assets Expanded into the State of —in Oklahoma 2013 Boone County National Bank acquires partial assets from Shelter Financial Bank, 2007 The Guaranty Trust Company collapses Columbia, MO into the Central Trust Company,Jefferson 2014 Metcalf Bank acquires Bank of Belton, City,MO Belton, MO q Acquired—ONB Bank,Tulsa, OK FNB of Audrain Countyacquires Community Bank and Trust collapses into ONB Bank the Vandalia branch from First State Community Bank KS Acquired—Metcalf Bank, Overland Park, 2015 Central Bank of the Midwest acquires Douglas County Bank, Lawrence, KS Acquired—First Kansas Bank&Trust Twelve of 13 charters are renamed Company, Gardner, KS _ ._ under the Central Bank name FNB of St. Louis acquires First National Bank of Millstadt, Millstadt, IL 2017 Central Trust Bank and Central Bank of Lake of the Ozarks acquires Bank Star Expanded into the State of an One, New Bloomfield, MO Kansas Central Trust Bank creates Mortgage 2008 FNB of Missouri, First Kansas Bank, and Central and opens offices in Colorado Metcalf Bank merge with Metcalf Bank, the surviving name Expanded into the State of Empire Bank acquires The Greene County Colorado Bank, Strafford, MO 2018 Full service branch opens in Colorado First Central Bank acquires Bank of Springs, CO Holden, Holden, MO 2019 Central Bank of the Midwest acquires 2009 Metcalf Bank acquires, through purchase BankLiberty, Liberty, MO and assumption agreement,American Central Bank of the Midwest acquires Sterling Bank, Sugarcreek, MO Platte Valley Bank, Platte City, MO 2009 Central Trust Company acquires Springfield Trust Company,Springfield,MO Strong roots. Endless possibilities.- 68 • - Central 3ancorn an'- Director's & Senior Leacershig . p Y - . • • . Board of Directors Russell L.Goldammer;Executive Vice President,Chief'Information Officer' ,' ,' • S.Bryan Cook,President 8 Chief Executive Officer Gregory D.Omer,Executive Vice President Corporate Secretary&General Counsel' • Robert M.Robuck,Chairman of the Board • David W.Roehl• ,Executive Vice President Chief Investment Officer Thomas A.Vetter,Attorney,Cook,Vetter,Doerhoff and Landwehr - Daniel G.Stephen,Executive Vice President SeniorCredit Officer&Chiel Risk Officer • E.Stanley Kroenke,President&CEO,The Kroenke Group Daniel H.Westhues,Executive Vice President,Chief Marketing Officer&Retails _ . Robert R.Hermann,Jr.,President 8 CEO,Hermann Companies,Inc. . Banking • • _ Charles E.Kruse,President,Charles Kruse Farms,Inc. , _ • - - • Richard H.McClure,President(Retired),'UniGroup,Inc. •"Robert M.Carr;Jr.,Senior Vice President,Managing Director,Central , Michael K.Farmer,President Farmer Companies Jnvestment,Advisors - ' Edward D. Robertson,"Chip" Jr,Atfo'mey,Bartimus Frickleton Robertson Rader P.C. ' Christine,K..Ellinger,•Senior Vice President,Chief Human Resources Officer Charles Digges,Jr.,President The Insurance Group-Columbia • Scott M.Kellett,Senior Vice President,Trust and Asset Management •- ' Paul J.Kleffner,Senior Vice President,Managing Director,Auditing • - - Senior Leadership David P.Minton,Senior -ce President,Mortgage Banking , Lisa 1.-Pittma , ror s1dent Controller -' - S.Bryan Cook,President 8 Chief Executive Officer_ _ . . Robert M.Robuck,Chairman of the Board Alan • _ F- fi 1 -error Yce k roi,t .2`ing.O ctor,BankCard'Servicis .'` 5i., 1- Thomason,Senior'vice ', 'e (Mo..:pliance Officer Kenneth W.Littlefield, Vice Chairman,Chief Administrative Officer - , and Chief Financial Officer - - 1Brad T <ri Senior Vi '' t,`Cen•" [!vestment Advisors . Stephen E.Erdel,Vice Chairman,Chief Operating Officer r r _ . ' • - • Donald R.,Perdue,SeniorExecutive Vice Presidentt Investments , << e - try �w ,--- `- . .. • • .• • • '''`- .4411,N1 .- rt , • 1* i t - v i '. . .6•,•,:.4,-,.,...., _. -; -----,........ .' .- i. 0 4 - l _ . r Y � �d �j�� � �1 ¢¢ I s b. r.,µ.. 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N 4 wwa. ...,,,,,_ -. f w7 � i ..r.a,. v - ..v•.- ,i„i • • Central Bancompany acquired two banks in 2019, the building shown here is the 69 main facility from the BankLiberty aquisition. • The Central Trust Bank P es'dent 8 Claa David IR UYnIBG • Branches: 15 • E :plc) ees? o If there is a need in the greater Jefferson City area, Central Bank is there. • On May 22,Jefferson City was struck with an EF-3 tornado. If destroyed local businesses, houses,and affected F � • the area;profoundly.With millions Of dollars Jn da age, the community needed a leader Central Bank ca e • ~' ",' r" bout in full;force From volut teermgµand i.handing outfoot,and_'botf ed watery ne�a he destruca to f• o.. dd- r wA . �. ,,..zi24 Ina;'aal•Sltual#Ons,we resoo1cieC a9 'e-a J oo 'o o 90 in d n Pt A�i �as A�' t oAnAnlCrtri��i- r " a sNr w 1 f11p `i,�..r"o oou'�'�.C��7,,,��L},.0 t "' O o rsyj baArti 0Lot�. +AWalPI�t-A9)odrrf 'Ir n iik' ao�.•4 11 •;•••orLUQn ;. o° �oliiloo�i' o..f.1�J.. . . aiti 1,&4',it ee'�&o,-�r?ACC.•o^of i�7,3�r(;P.4o�c 1..C�./if.2 ��U In- o rto ir7)CQ.NAA,ga'2 ikitl'n -•1t e o`n1 0-P_b.'L9tf l^`:a4.!/,. I ; � t �, r Sri i ,i..r a, 9. ,#.` r[•o11 { Ito Tr io+, sotLitvlofyfr(pan [�i { I'n 3M FX�I•'+Oo y�o�lf� J fl'iin r'/ Ilr� '.ir r\vslu`, Ii gl l 'racirriLat ,o a jai o f;Sa il::Iro,pvJ Na rnK-41 fl':oT'(f: S- • , . ;• 1Df @`-IPiI1r 1 ..-�"--=" �--- .---•-: e I. 3 i._p, •" ;Kenneth W. Littlefield, Chairman of the Board Robert M. Robuck, Vice Chairman -` , I-r=' - Michael L. Kehoe, Lt. Governor, State of Missouri *i t :,• t , a Clyde G. Lear, Owner(Retired) Learfield Communications i „ ; Jacob L. Vogel, President,Jefferson City Coca-Cola Bottling Company Donald E. Shinkle, Retailer(Retired) ' air- Kirk Farmer, Owner, Farmer Holding Company _n Joseph N. Scheppers, Owner, N.H. Scheppers Distributing Company - _r, ..- - "--. - _ -- n z • a, !'�"0,3 * 4.. N ` a a .�—. --1 4 e ..f- _-v��,,,, *� Sr f 1 l r, ' i.— .r"'-.` r t r �''� k�s� -T.:, a _ 1, '^ .. � �f � �x � .,:.,n.,: r4 ,�ti__ �Ii t w it,:tipit. �, Alf#•,� : _ ; a� � r � z JiJ .a. f• r , a , 1 M S' b ., . ^. _ - ,i�3 1'a b "a � t•� .J" �t�k+4"S iYA•�_�e*..+�.t ;- "" N{r COMMUNITY ST ,TS _� . � .7. .,.� Estimated Employee Volunteer Hours: 6,000+ . - Service to Local Organizations and Agencies: 250+ V�_ t -- IkI • 1 _ lit h , � � - -r` -t - .ga, ~ A U 44,1 otr.V1 l5r .i _ __ Jefferson Bank of Missouri Joined Central Bancompany in 1970 President&CEO: L. Kenton Theroff• Branches: 4 • Employees: 112 At Jefferson Bank, we know there's more to banking than new technology and traditional products; it's about taking care ' of people. We believe that taking care of our customers doesn't stop at the desk, and when our community has a need, we are proud to be there. In 2019, the strength of our community was put to the test by excessive flooding and tornado damage.These weather-related disasters only fueled our passion for serving, and without hesitation, our team began reaching out to those affected. Our bank pulled resources together to deliver meals, provide phone calls of reassurance, and simply let our community know"we're here to help."We also continued our ongoing effort to serve over 250 non-profit and civic organizations within Jefferson City and surrounding areas in 2019. As a bank, we joined hands with our neighbors to serve on boards, lead fundraising campaigns, and coordinate youth sports, all in an effort to strengthen Jefferson City. From a financial standpoint,Jeffeson Bank is also proud to note a positive year for019. This was made possible by continuing our good credit quality and consistent year-end profits. 1 Board of Directors - - Harold W. Westhues, Chairman of the Board Retired,Jefferson Bank . '`-'*-" Robert L. Brant EVP, CFO and COO,Jefferson Bank : j_ - T ,: r.•.. Robert P. Wankum, MD, Retired,JCMG Ophthalmology f -`4 :.,Y: ,r Bernard J. Fechtel, Owner Fechtel Beverage&Sales - " _-_ --, __ ,, C• Roger Schrimpf, Owner, Schrimpf Management K :� — .-- - - ' w `,' , Serving the Jefferson City area - _� `'yam- �'d _ y_ t _ i43t- •'- ,+ Fri �� �. - - .ofr --...� � v �•. i „, '.b--,, k 1-:. -� ` -. L:--, + .r ''m_ ,"r r %1'µ�F*.'ram' - - 'f.'' .G,i'1 +r J r.r.. + J i t -- . y x % .`taw AA ;. h r _. ' i COMMUNITY STATS , Estimated Employee Volunteer Hours: 1 000+ __- .� flµ i'�"� `��' Service to Local Organizations and Agencies: 250+ ,.. � �- � �'° � °' , 4 ' l tip a, Bank of joined Central Bancompany• 9 Central. St. Louis ini9-7 2' Chair.m.07:&h:,CiEhO'ci:. , : Bryan Cook• Branches:industry of the most St. :Louis community. .One. _ f hours Our employees ' continue to drive Central BankleSa.der in the financial ,I.a5n I'd 'i..t'he.Employees:community.2 3 In 2019,we proudly served more than 1,200.v°ofluS•ntteel-9.iu-61s.71.°:Ic'e°}"'°. finished 11th among participants in the donatPcl..-..... was our.participation in l'ecici. - ----research.With more 87 .... - . Louis 1 Chilthen.S1Hospital.We cancer . - . community bike tide that raises money for 0 employees'participating •• • both volunteers and riders,we raised, o participate in an auction . •werea .,, -...,- ...,., :-',i-:-' -• - - were proud to • 5 000- provide more than$25 ,. .....in .. than $47„000 far:-Sitemari.Ccincer:Cente:-„-,..liciit,it ., .._. their dream ofbpinprr , - entire St. Louis- Pt*All employees .,.,•,,..... the'7 . u --- '' ''''' ' created by the , ... iteins,th.u...t.,.... .,::.raised,,,,s,te-....,-.--;Ficit.. ,-.,71..ii ,...duytors.rs..:,:wfor,0e4;wo0-..:14..'cidclilibiii. we • ki bank with personally ii* in assistance.--for,5the .... . - -- . '-istancalo2•40fn-94:r..,,:.•-•.:7--'' • , _ --, frcrovided--PO. • - .--.down Pqr1-!9,! _,9: ,.,..-.*L-1-.YLa....-i., i4it haveojilis:•pro90T-1,-,,YY.. .. .--...--:y.,,'.,i..---J--•:-::'.- ---' .. 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F - - i _..L -- „" St.Louis City(MO),Si.Louis County(MO) St.Charles County(MCI . . ;-_ . tcloir CounyOlt Monroe Couyt mr 1- - i • • 4-- ... '1'.1:•:-:-Lr,-::---::? -..,-,-,• .....„ .,,, COMMUNITY STATS -,$:::-: .-,::.tik--.§,•:-., .,...„ ,...,... . Estimated Employee Volunteer Hours: 1,200+ -__,,--._ •:•.-.; .r., „„.: Service to Local Organizations and Agencies. ,.,„....,„:.„......-... . 100+ .••:'-ii .- --,!%-A:-- : ,...,:, . ..,-,,_::::• :,,, 4.,•:. .i.,...,:,.... . .. .,.....,. ••:4,-34:-4--,_ : ...„ ....,...„ ,:-,.-.:t.,.„..-....-... .:_ .. Strong rootil;'Endless PO, --S:.sibittlies 72 ..:404.-,i,,,..,.. - -•'''''''''''''''' ' - - - ,L„--. ----.--,-- .,,, , .••'.--,--- ...:-., .„,.. :::-'-'-‘,11:-1,:',,,-.''',;',..:-!„-,..-:',-,-,,':::,....12- :-...-'..--,... -• -. •-•- . .. • ,t, Central Bank of Boone County Joined Central Bancompany in 1974 Chairman &CEO: Stephen E. Erdel • Branches: 15 • Employees: 330 Central Bank of Boone County did not slow down in 2019. In fact, we got busier. Although we donate time and resources throughout our community year-round, we are most proud of two events that cemented our community bank mission. ProsperU was launched in June 2019 and is our initiative to empower people to achieve financial success. ProsperU provides educational programs and workshops to help the general public and small business owners better understand the most basic financial topics. Our classes routinely fill up within hours of the announcement, and we are also proud to offer both one-on-one financial counseling, Spanish language classes, and on-site seminars to reach as many people as possible. The unveiling of our 1969 time capsule was also a momentous event, and we created a scavenger hunt that led up to the day of unveiling. Items from the time capsule were then displayed in the lobby of the Downtown Bank. During all of those exciting moments Central Bank of Boone County did not lose sight of our overall goals as a financial institution. We are pleased with our record-breaking 2019 results and will continue that positive course in the year to come. Board of Directors yE .K- F`p ` Joseph T. Henderson,President,Central Bank of Boone County Mark A. Adams,MD,President,Columbia Orthopaedic Group I 1 . Jason A. Burchfield, President,Silver Tree Companies J Charles W. Digges Jr., President The Insurance Group � � .'t Robert A.Gerding, Partner Emeritus Gerding, Korie&Chitwood PP CPAs = Jacquelyn K.Jones, Retired ` .•'> F Paul T. Land, Owner,Plaza Ci rn n rcial Reolty *: , , Rick L._Means:,Presiden/CE{ `'``e e 1 seta°ce ,-,era c pa i Jerry K.Price, e rave, Gary W.Thompson r 4 (, col' b a Insure ee o o Michael T.'VCrii l ` e0* L1 Dr.Ajay VinzT� can o lege Bust.es :7,•,..,..x.' . ,:oi,--, , '7/T. 6 '' ' le J `e �,-- t tig ,°,4- • Irv;a, r , se "� 1 icy- -sue )y N -- _ Columbic villa Hallsvi turgeo€r ohenttattcl� ",;_ o, . 4" , ,' -^" .-1.- - -'' t $ �`, .7 „� �'ter - s r ' COMMUNITY STATE "` t; Estimated Employee Volunteer Hours: 1,000+ 1 i - Service to Local Organizations and Agencies: 250+ - - _ �. #1 q a+r i _ • 73 _ _ Centra o � - 1 BanC Auclra n County Joined Centtro Banco President&CEO,Ii `fl ge •rariches. 2.• Emp o e + �.. . , In 2019 the Central Bank of Audrain County was proud to-corifinue-its tradition to be a strong community supporter, no matter- thescause. Our team understands the importance of being involved within our community, knowing that our jobs do not end once we leave the office every day. Each year, we donate our time arid financial resources to those in need in our county tof_� make Audrain County an ideal place for all residents.Whether it's volunteering at fundraisers, participating on local'boards or even helping a family through a tough time, the bank and its employees are happy to be there for Audrain County Alsos the local YMCA and United Way are just two of the many organizations that our employees regularly volunteer their time-at each year. Financially, Central Bank of Audrain County was pleased with our 2019 year, which resulted in both a healthy loan portfolio, and an overall strong bank performance. ri/• Board of Directors Sterling`•liver, EVP, Central Bank of Audrain ounty Mike Miller, Miller Tire Company Tony Robertson, Senior Loan Officer Jimmie Reading, Farmer Rita Jackson community Developrrjent Direct ,r-CJt Qf Mexico Y ' ,`'-- >-� =sue_ „ .., Audroin County including C ru ties of Mexico,Vandolio taddonio Rush ililLyandiver Village R •n GI_yx,M6ddletown,and Auxv. _ • COMMUNITY STATS Estimated Employee Volunteer Hours: 1,400+ Service to Local Organizations and Agencies: 13+ Strong roofs. Endless possibilities. 74 Central Bank of Moberly Joined Central Bancompany in 1979 President&CEO: W. Michael Rifle' • Branches: 3 • Employees: 28 Central BatB:niflfriMsoberly continues,to be a leader in our local community, as it has For the last 90 years. We continue to encourage every employee to get involved. Our 30:employees are dedicated to making a big impact, and are proudly represented on almost every major board and civic,organiza{'on r tav, . In 2019, we had several fresh new faces join the bank, and it was exciting to see how they decided to get invoked and give back to the community,,The bank is proud to contribute resources throughout the Moberly area for the betterment of the community. We rema r,Iburtible about our contributions, giving back to as many organizations a,s possible. ircluding Art on th;g�$1 � Biddy Packs for the H_�-i'(At hoofs, charity golf tournaments, and even the local fire and pol'ce departments. 20.9»vv0s s` ss 1 year for the ass we grew as a financial institution, and ar overall community leader. Board(I Directors John S. Meystrik, Senior Vice President Central Bank of Moberly r K. Mack Hils, Retired,Mack Hils Inc. , J. Richard Truesdell, Retired, Truesdell'Broth t '-> [� f , s ,' s� � A'Barbaro A , Operating 1 , O r. r ,,-" "_ +e a esthues Chief O ra� O fic r O sc eJ� �s �� -- ��� � ��4-, N�D�r�®aved Whit O a. ertsk. e r) E e;te of ' 5. r ....-- "k441... ' : , 4,,, . R. t. •I r \\,.........., IN � _ rd.5..% ' ram' -- [ ....p 2722 , �tr t"r Ar ., { t 5 ' t ' trt,.I .FI't i R:t: .2. -.. '4 j . tiY- 1Cc� a �e nt e n k ..� �^ � #ems COMMUNITY STATS Estimated Employee Volunteer Hours: 600+ - . '- „_ Service to Local Organizations and Agencies: 50+ - �5 x Central Bank of the Ozarks Joined Central Bancompany in 1980 Chairmain, President, & CEO: Russell R. Marquart • Branches: 22 • Employees: 260 Central Bank of the Ozarks continues to be a leader in the Springfield area through its dedication to the community. The bank is responsible for sponsoring and distributing the largest Federal Home Loan Bank Affordable Housing Grant in Springfield's history, through its Eden Village initiative, a "Tiny Home" village in Springfield that provides housing to disabled and homeless people in the area. In addition, our bank purchased and donated a home called"the Dogwood House." Employees regularly stop by and help the resident of the Dogwood House. In 2019, we also worked to get Eden Village another $1 million grant to build out a second location in Springfield for the same purpose. We are also proud to L. say that our Central Connect group is in its fifth year, this employee initiative is crucial to the growth of our next generation of bankers in becoming leaders in the community, and our company. Financially speaking, 2019. was a very successful year with significant increases in Net Income, up 11%, and growth in all other key metrics. Board of Directors Michael J. Williamson, Retired, Central Bank of the Ozarks Chris W. Nattinger, President, Skyline Investment Co, LLC John R. Twitty, Executive Director Transmission Access Policy Study Group Judi M. Samuel, Broker J. Mark Cook, CEO, Central States Industrial Equipment Mark M. McNay, Sr. Vice President, SMC Packaging Group Thomas B. Rankin, Sr. Advisor/Broker, Sperry Van Ness/Rankin Company Mark L. Walker, Chairman& CEO, Transland , ' _ -- Springfield,Nixa,Ozark,Highlandville,Marshfield,Strafford; - , f Fair Grove Pleasant Hope,Republic,and Battlefi eld • - '. - rat ", a: wed ;u j ' tit y litl it vF-( VV fy$q� r ` Ir ]- .' i,L .,t o t :J , , "S + �. �. # 4 `. „;i ]ram f,: "tl - 4 _ __ ;_k r::i.-‘,.-N r ti-r,.it,,.,-:..-.:i 1• s� _.. Yt..' ,,,,,,„.' ..� lr itrZ - _ _` .%.K.�.: +r ,... -v+---.„-q. -,� �:... ,.r, 1.L-9.,_ 4)1,..e i w - a *-"::lllmm i• ��t t r _ __ _ ^_-,Er..'f.^'+'T— :- V 1 �ammo!WIMPImo. �1 _t'._ " --- COMMUNITY STATS - . • ,, Estimated Employee Volunteer Hours: 1,000+ dirService to Local Organizations and Agencies: 250+ • 14 _ , l , _ •O fi ' V N"� 1nd , Y . V. ,a ki , 'i .•,;. l Central Bank of Lake of the Ozarks Joined Central Bancompany in 1986 CEO:James D.Judas,Jr. • Branches: 8 • Employees: 160 There was much to be proud of at Central Bank of Lake of the Ozarks after a record 2019 year. Not only was our bank financially successful, exceeding our real estate lending goals for the year, but we are also pleased about our lasting commitment to give back to the lake community. We hosted and participated in multiple community events, including our 3rd annual, lake-wide Wing Fest that benefited the Lake Commu ` , All of our involved volunteers enjoyed accommodating restaurant vendors and the crowd of more than 1 ©OV' attendees. In addition to community fundraisers, our staff also participated in both shoreline and highway ^ clean-up efforts, and the annual Polar Plunge. While we do enjoy our fun at the lake, we also understand ;. T what it means to come together during times of tragedy. In 2019, our bank and staff volunteered both its time and financial resources to help the City of Eldon clean up after the May tornado, donating over $0 in tornado relief during the summer. ^; Board of Directors - James W. Mead, Senior Vice President/Chairman ate+ •_ "` Joe Jurgensmeyer, Owner,J &M Farms Robert E. Mason, D.O., Lake Regional Clinics Danny D. Opie, Owner, Opie's Transport Belinda K. Phillips, Owner, Cads Market George Stanton, Owner, Stanton Manufacturing Robert C. Frazee, Retired, Central Bank of Lake of the Ozarks ril �t 4 .....may • . i "Ti11111 ' A Miller,Camden&Morgan Counties Osage Beach. Lake Ozark,Comoenton, Elaon,ono Lourie Communities ; 4 1 11pol'eiE,-:,,,jaiiii"74r.T.-_.: 1 lio r ISI 10 Y: "N'.' t :t--' '_-'_1 7 . 1 t COMMUNITY STATS i 41,„.4`--- 4 Estimated Employee Volunteer Hours: 4,000+ Service to Local Organizations and Agencies: 200+ ir . 7... r. Central Bank of Branson Joined Central Bancompany in 1988 - Chairman, President,,&CEO:Joseph F. Loth,Jr. • Branches: 5 • Employees: 70 It was an exciting year for Central Bank of Branson as we continued to contribute to local or anizations and g<. charities, and our staff members represented the bank with more than 3,700 volunteer ho fl s . oMmuniiy-service events throughout the year. Pretax earnings were up 22%from the prior year, and R®` 'cis:.'4%,making 2019 } e - Ac oad'consectttl�e record-breaking year in Branso'-1n .® chieved through the dedication of our employees y a e Co ax norm �o e T U r nit o 0 j 'e i A r• inson 00 e 1 and Wewere the topmortgage rQducerTaney b 4 aflla`t`� ® i o al V, r 4.(7'1' o v 4,,t ;erehonored to ach e eon exceptional Net Promoter ,. .. : � _ � d:*P`:r .-: -."t tip ` , �y r� � ,,x" � y� .�.r`, r ;"Central Bank of Branson a s much to,cerebra fe on `t, .tlr`o ri ikig rj' Aa 2Q20t , a ' �,,,, , - - - Board of Directors ; k ii BrianBuriney, r aflArt .,,,,, gwq, u1t (.5 �o ( lin''i „J,7?,I,-,,,�r,ii,:r,'; { Patrick C'bx w@kk o)a€oica, rro(il ,g),ltnr_• '�' '- ! tzottbi { - Ann M$McDowel , i kc Gg" I' .01 L o '�M 4r i� tTa tel Ruda;" esjoeA4'1 o S !'1tiT 411 ,1:F R } LO r ., G tt efLr o:# 0e,Ill a 4t1rlol 1pti,IV r 'rrviTht�, 3i 10 tt,�N ` �� � ram, - 4 )£ `r' ' Rlc t Teel `f © @ nicl if.�ZVit,,Ikt OgrlFrliP—ri - ". t,s 4 v- i rk *. , x r. A.., u. ,, i + t 77 ,,-4.--------'log gio n,olla rill ' i' . .tioip Ai' ir►,, ' ` st• - Ill: .. _.- 1ll X 11ill , N.: 1 . J1- _ ll . $4 'AN. Mig__l' ilnl"ll- - ...., �� � � � - —_—_.:i- :1 `..," .-. ..... �,TM"',,r,a SDK",.~ is-4,- .,.;n �.- 4.- ,� ' =A ,..K - COMMUNITY STATS ' ' ` - -- ,>-- --'41: `"- ' Estimated Employee Volunteer Hours: 3,700+ . Service to Local Organizations and Agencies: 185+ t Strong roots.Endless possibilities: 78 , ,.,',-,',....,---,.,-•,,SV,7,1''''T-,.. , ,!,... ,-,,,,,A,..... • , •- ,',,,,4k.,,,,,.:,--A.Azt', ., 1 , ,. •••.-.--. .L. .t.,-,. , 1 , '--,,,,,•.,- __. Central Bank of Sedalia Joined Central Bancompany in 1992 Chairman, President, &CEO: Larry D. Bahr • Branches: 5 • Employees: 77 Central Bank of Sedalia enjoyed a successful 2019. Our team attributes this success to both our committed employees and leadership, who all do their part to make the bank as successful as possible. An exciting development for the bank over the year, was the introduction of two interactive teller machines to our market. So far, our customers have reported positive experiences and our usage is increasing every month. Throughout the year, our employees also showcased their commitment to the Sedalia community by participating in a multitude of events. Our most significant efforts went toward the United Way, with each department donating a basket to auction off. Also, several employees donated their time to various efforts throughout the community. We were also proud to offer substantial financial donations to both the local Boy Scouts of Americo, and the hospital, specifically raising money through the efforts of a celebrity bartending event, and the Lub Dub. In all, we are proud of our many financial and community successes throughout the 2019 year. Board of Directors , Charles G. Kempton, Owner, Dugan Paint David Albrecht, Retired, Septagon Construction Charles G. Marshall, Owner, McDonald's Kenneth D. Weymuth, Owner, W-K Chevrolet Chris Squires, an Owner, SMC Electric Supply Ruth Ferguson, Co-Owner, Robert Taylor Insurance Sedalia, Pettis County,and surrounding Counties , l i"—1„le '167.. - ;•.'-'‘`..,:, —\ t ,• ',';'-; --.,--• r 0 1 _. i.,.1 • ._,- t T jeli, I . 4 ot- 1 ...:...: , •.,...,„ ,,I':".I• ,. ' 1 -. , , 1 . 1 71,1..,\ -,,,, L: ';'',34 I L ..,:'' ' '/if• '`.1,, ,. * .‘: ' ''',.. ..)7:-; '...4"— , -'' -;'43' ' , --f-;-- i . - , - 4 . tott$ . - ---,.'"i'—' .' '. 'i't - -i''-• ' ".:gi,..1.,d' -/--. , fr,'-,, ':;-;,-*-,t,..Anir , _,,.:H 1 - - - *---1 -..r-i: -'--,-',Y ' I'• -* - .-`4/"Sr I t -1% fl, - -kki • . ...!-.0- ,-,... -- - - -- • -v. ,, •.41v,-,6,-- , _ ,-.4.,...2„......:,..,.. ...„,,,,-..._-__,, -•,-.,., _ -,,,7 _._ --_ ,,.._-,1/4-..._,.., . v. :-..: _ i __. „.„...,, AT ---, ----7 --ix I - •, „..;.:. -, .;.,.. , 54A1__ _ . i 10. - , ,..::• i " - ,-- :.,,," - 1006,morsitot*:•,-.61 -; - . w • , . :,•, . f - ir COMMUNITY STATS -.._..-A 1 .j......, A :,.., ...... . Ft .aci...„.• ,1111 i . — ... c_• .'.- ' I ''.' :-4 4, . P‘, '" 1 Estimated Employee Volunteer Hours: 200+ ' surIGLassE-• -. . "z,'....talif , -Z',I- ‘).1 Service to Local Organizations and Agencies: 120+ : kiitl/ -..--,-.400,4 • . — ,.:I?4,4g,r- --- *4-'>.-4 ' ,r,,' 717:730ki. • ,.' H - I, ' ,I-- ' '#1 .. -' -iftex:'-':1 -i ...IL—SAW 'h..,-.,, ',?. ZO ; ' '7--, 0,,,,t ,vor. •?1,!.. , Le ---' , , 1 , , t , . _a '..) _ I-4 .; ,...._ ..."..„. tf,:_._"».- ., a 4(, .-tp, /7 '• fy., T.' - 3., Central Bank of the Midwest �4� Joined Central Bancompany in 1993 , President&CEO: Bill Ferguson • Branches: 54 • Employees: 650 « Kti _y. Central Bank of the Midwest has partnered with Habitat for Humanity in Kansas City for several years, supporting affordable housing and the American dream of homeownership in Kansas City. In 2019, we sponsored our very own , home build, with more than 100 of our associates working in excess of 2,000 volunteer hours on the build. 2019 was a year of incredible growth. Through two large acquisitions, we welcomed more than 150 BankLiberty associates, and nearly 180 with Platte Valley Bank, doubling our associate population in the second half of the year. With any initiative of this size and scope, our core values were put to the test daily. The Central Bank of the Midwest team rose to the challenges and shined in those moments, reaffirming our culture and coming together through shared experiences. We are thrilled to loin this amazing team, and proud to introduce the Central Bank brand in the Northland. Financially speaking, the acquisitions were the highlight of 2019. In August, we grew from $1.9B to $2.4B with BankLiberty, then to $3.1B with Platte Valley Bank in December. As the fourth largest commercial lending bank in Kansas City, we are now poised to become the third largest in the area with our expanded commercial portfolio. Board of Directors Thomas B. Fitzsimmons, Chairman of the Board John T. Carper, Senior Advisor, Husch Blackwell Sanders, LLP James Person, Chief, Belton Police Department James L. Hix, Retired, Bossler-Hix Personnel / Retired, Overland Park City Council Robert Rogers, President, Mid-State Aerospace, Inc. • Kenneth P. Woodward, Owner, Woodward, Hunt&Associates, CPA's 1 Joseph A. Flannery, President, Weaver's, Inc. --. _ Laura Crowley-Coy, General Manager, Crowley Furniture . x�y y> i ;s4.; p � f ...% oF . 1 •y m � _ m R �} t a� tk J i h_� S 7 _ 1.'..• *! . T: i y;e. .1 'T;� ... : 1 ---*---A}---*---A w :-I Le •t. .:ems :axv.. s 1• ..:. r T!`'R{.111It Y I -. A 11 kl! F:J.^7 V ILA t _J4_'ei'sa . f t'iob_-® r ice[` -S -. .,, RR" I _7 • `,�_ a ! a11s I ,_l me 7■ Xb ,1Kr.. 4. -irk:_—..—t ` ..may •yt 1 . � � , . f*- * }r•, • . t. • am•t n ><rr n. "Il ' : � -- Y, a irM , ilk�,-r • 1 „ � l 11 #2. ., L �+.. .�. 7i ''" . .. Pi _.. - - 4 .4 . `'-�lllLi, iy."' -P _1 _ I �e,,.t' I I .,,.-- M-1-•:w``_' _'"'.te ' _.._ II ., -:\ 1,f • ` i I ` '1 l .- ' 1 ! _ p� p®�®®p�e _ __ fah . S t �,=i I MEila. � I i.®E9B®rgUNI 0 Y STAYS .� ,W r if -- _ 1i t• _— I - - ' Estimated Employee Volunteer Hours: 4,000+ t} “,_—'a,t,* ,, Service to Local Organizations and Agencies: 300+ Y n" T t.,1 ^j{t . �, . 0 iitosp. City and theca, J'.,. ,.+, . Strong roots. Endless possibiliti'. °',,.tee. -�. p14:.a. k1.« , ,r ' ` . 7; wed k i -.- . • k •M"~• '�r - I .yr'i"'tt u'•. z : '' - ,3 wt tr n a S '.-rt z T"._. X ; $�� - fi°4.t y -A; ar{. - a'1 ; t :ra r ti ', 'o- k^ e ;n, 5 ' : s �; tom1 : d ` ," s° e , 'y� h3 ;*g'wr " r' r •Cea. ," ; y 9t t ,ttv +r ,E d. : Ft x s ,,. x r , ,4olnd�Cotra4Ba▪nco▪ "J1 a`*in 1°90 '}' ,��+4a ?" -1"`�A' ; x4' '�: z' +' !.tg`'.5' t . ; e � ' k+, ;'�4i• ' i> c, Cha rrmari, President, &.,CEO Stephen Lt Abney u'Branches 5 o'=Employees'51 , , '+ -,' -o.'` rt il• pv liioli lo;o n t vV,��ofrran t`LLfc hfCttfi,`.liirL: �1[�.n o 0 0`IIt i)`1`C_ o nrt as b niIir sn, `�iV2 L4`_,L,ji�i1'v,iG��a J' ji ,Jo rtSj 1 fi( r ooi ',„ 9,i,a. n!3�Ire4o\'k ,_, l...• -I.. IC. -,0 - , .,-- C��9J,�`n° f o nL o eol L�tlt oyol . _ I l n� 11 t]C g i� d �! i s Ir1r3 a�lnq�l ff�IirJ I? � ,7t�',1;f]-j!.-1"SLo- !' t t��`•' 7 '.f o .��'ll li?f^�lil o rJi�o@ Y�,-�r�L o tPYO!L�'rn o t c' y .r V:vtil� o rGo a I�i1^`:3r'L@'1Jf i IH d5ti J�(3 i�i r �I:i tdti to th''i & ,-r of 1TzMa !-r r' (\-J f�]H'; S'--7 I-+ .�- -t. ', ..� u"� i �, Liu � f ct.I `iiiil r '^" 't t \J(.''51tIF,II J It-'.[7t.,;pfi,v- c':al,?I l -n> Ii_: 1-@ 1W di fin,Ill'd cclij i_Kliriitifiii 'Ir1 :��P'fc `tr;a 41 t _ to.=I iw,.-ll'_I! „2r.- .' o 1s1FO i.T.5 nV1Ii f - < zlV -r(j `�•41 _ P III..? ?Le t ife 9 ,ni,Xo1 yr�1!oIl' a1 3_+� :F'-" im i+.= C 4,5,1 (, c,CA.If1C.It ,I ,, SI. _ ilia..,:oSil? 11 ,. ,uiolq si_lreti cr i Ir-t...fni i (;Il'1 t .)�1. t: 1+ Ti �� 1• !:i'' - I TSYIir ' t \,- ; :{tag 1- Ji 1 t� ' fr, `�I'r-t i�0;,• "•fGi_' ,4 3 t'J'(3te7'- ti;0 O _'?I__t4,'�, 1. - J :. l_ J�7irr(0 1 O'' 9t 0 0 91 t ,IIS.E :_ id ,,•, 31• r_,e:;.7.,, ,....,jt�. ? • i=,- _ . _ , _ ____ '•.al C.ifiiir•,trn�•;"1,,=t�,�CO;22-1 - j}5ii':7d;alh-. j' '�1'i.1•it.l::.:r f gif0(s ii ,,i'Llc _ : :7't5 ;c II,A, Ic'F.'-i, lam.F'9C015-1 trfi tdIl ;-,Ii,c !': I).17 . f� '1 s ' Richard Lloyd, Exec. VP and C:O.O. '�. . II f Alan Cavaness, Retired, Insurance Rick G. Sengstacken, Grocer i'' J.'i r -.,,, Densil E. Allen, Rancher _ Daric E. Elwell, Retired, Banking '�=_,-ipt - Johnson and Lafayette Counties including the Warrensburg, Higginsville,Odessa,and Holden Communities . _ _ 11,9 1 t • • /IP • `, • . _ A it # r r.7. *1--, ,. • ' . t• s.,` *• t -. a ., _ --, , t ,7 n4 , ` ,.,• '0 4. - r - re. • 4. t '. . .0* ,,. .111-: 19,g0..F»,yip }.,,.. . *;• • +` 'e ' s 0 g - .#i. .. -4. _ _— - -.'�f�s • pti JR_fl__-.-.. �ir'i .k w,_-�i,�_._ ' - i.: F •i y • ' COMMUNITY STATS ZE''ii 460 ''>' ,. -"s , _, Estimated Employee Volunteer Hours: 200+ ,,-` . . 'z'` Service to Local Organizations and Agencies: 50+ s *, Y _ _" -_ _ ' = _ b r � _,,, i 4. • _ 81 � - Joined Central Bancompany in 2004 Chairman, President, & CEO: John B. Allan :' Branches: 8 -' Employees: 97 The Central Bank of Oklahoma is proud of our work this year with the Junior Achievement USA program, continuing our dedication to volunteer with local school children. Each week, bank employees visit middle schools to teach students about personal finances. A highlight for everyone was when a group of students visited the bank for a behind-the-scenes field trip, where they visited each department and learned about the different roles. The bank also took the opportunity to educate more than just school children by hosting adult educational opportunities. With the support of local organizations, we provide financial learning, job skills presentations, and even host mock interviews for adults currently looking for new employment. The bank's employees also volunteered their time to several efforts, including ringing holiday bells for the Salvation Army, hosting a school supply drive for local schools, as well as organizing several events benefiting the United Way. Throughout the year, we also contributed to a total of $72,000 in donations throughout the greater Tulsa area. The bank itself also experienced record financial earnings for 2019, totaling $10.5 million in net income. ` S. DougTerry, Executive Vice President and CLO, CBOK James E. Frasier, Partner, Frasier,' Frasier, & Hickman Attorneys at Law `°! / 144 George S. Sharp, President, Sharp Mortgage Co AI ?r �i , Clifton Taulbert, President and CEO, The Freemount Corporaho �+ t/: • . -. Rick Willhour, Ranc e ',,r; : , it S t, John Woolman, President, McGraw Red"or -, II y. ti ii : ':, .1 Z r ',I .'" -y +i I • _ ,' - . David Blankenship, long-term board member.',' ' 1., 1 i "'' passed away January 19, 2020. We are �iti4 i ,'. thankful for his continued service to both the , 1 Community and Central Bank since 1981. r ' l10 1 ,31 tie j it `y „ L :1 **�*+�e ra-; '�" '�- 11' . 1 0 OWL* i 0. 0 i : ' L Jet 11 11, w+ '— :;? i NIii iii Imo eta _ tt d >' I . con,x1JiiTY STAYS �� +�11i y l Estimated Employee Volunteer Hours: 1,000+ `°' . -C .,, Service to Local Organizations and Agencies: 15+ _ -• -; 1 _ _- -.;;:,.« -- Tulso/Tulsa County,Owasso/Tulsa County, Sopulpa/Creek County-- Stillwater/Payne County, Edmond/Oklahoma County Strong roots. Endless possibilities:' 82 ; Zr y E. M Y I entra Corn m any . President&CEO: Scott.M. Kellett 0 Locations: 7 0 Employees: 115 -1 , ; Central Trust Company with $6.7 billion in assets under. management in 2019, provides :' , investment management• , financial planning, estate planning, trust and estate settlement services, "'' and retirement plan services through its highly experienced and credentialed wealth management '' professionals.This-includes 18 Certified Trust and Financial Advisors, 16 Attorneys, 13 CERTIFIED FINANCIAL PLANNERTMProfessionals, and 5 Chartered'Financial Analysts. The most important and defining characteristic of Central Trust Company is its adherence, at all times and in all instances, to the Fiduciary Standard; providing investment management solutions, and advice on a "fee only'basis,:and free from conflicts of interest. Locations:Jefferson City,-Columbia,Springfield, St.Louis,Lake Ozark,Kansas City, Lawrence, KS. a# a I i A 0 visors CEO: Don Perdue 0 Locations: 24 o Employees: 61 Central Investment Advisors (CIA) had another record year in 2019, with income exceeding $14 million, and total assets under management of more than $3 billion. 38 financial advisors including 15 CERTIFIED FINANCIAL PLANNERSTM offer clients a full-suite , of investment solutions, including managed accounts'(advisory) for all levels of investors,.as well as traditional brokerage accounts through our broker/dealer LPL Financial, LLC. To complement • these investment offerings, we also offer insurance solutions to our clients through the Investor • - Services.Insurance Agency including fixed annuities,term and whole life insurance,'and long-term care insurance. Central Investment Advisors has been affiliated with 'LPL Financial, 'LLC (LPL) since 2018 for its i brokerage and managed account solutions. LPL, a publicly traded company(trading on NASDAQ, symbol LPLA) is the`largest'independent broker/dealer in,the country, supporting more than 16,000 financial advisors. '4 'As reported in Financial Planning magazine June 1996-20118, based on total revenues Locations:CIA has offices in all 13 affiliates. • ,•- f 83 , r Central Bancompany .i+L19g fl05.L-a:uki:i pLs35:EJt 1'101_ 238 Madison Street,Jefferson City, Missouri 65101 . , 04, .....„. . , ..„. 0 Central Bank of the Midwest