Officer performance evaluations

​Our Bank does not use profitability as a performance item.

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Robert Pettine
Senior VP & CFO
Catskill Hudson Bank
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Original Message:
Sent: 07-10-2018 18:54
From: Andrew Hancock
Subject: Officer performance evaluations

​For 45 years our company included the profitability of the market an officer worked as a component of their individual performance score. With the changes imposed through Dodd-Frank this component has been removed from our evaluations and I believe it has caused a mismatch in officer performance scores and the most important performance goal of the market,income. I was wondering if anyone had come up with a good way to incorporate aspects of profitability into their officer performance evaluations? ( i.e efficiency ratios or net interest margins)

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Andrew Hancock
Regional President
FirstBank
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