Officer performance evaluations

It's certainly part of the overall evaluation but not something we emphasize. Basically when the bank does well everyone does well and during times when earnings aren't where they should be we experience the pain together. There is no formal evaluation based on profitability as that creates more problems than it solves.

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Brett Legg
President & CFO
The Eastern Colorado 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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