The Bank Note - October 2020
Connecting with Shareholders of Alliance Bank Central Texas
October 2020
Message from Todd Moore
One of the great things about being community bankers is the breadth and depth of diverse business relationships we develop. CargoHome, Nightlight Donuts & Coffee, and DreamMaker Bath & Kitchen are some examples highlighted this month. We hope you will patronize them as opportunities arise.
The first nine months of 2020 have been an unprecedented time in American history. Despite the shutdowns, limited ability for our team to meet in person with customers and prospects, and the effect the pandemic has had on commerce in general, it is rather remarkable that we are continuing to see positive trends in many areas. Loans are up $21 million (9%) over last year. Demand deposits are up $40 million (51%) over last year. Year to date operating profit is up 9%, and net income is 14% higher than the same period last year. The nationwide implementation of the Payroll Protection Program raised awareness of the value of community banking in the small and medium sized business sector; that, coupled with the longstanding business relationships of our bankers and board members, helped us achieve these results.
While the Waco economy is fairing well, we are closely monitoring for any signs of stress in our loan portfolio due to the impact of COVID-19. Our intent is to maintain a culture within the bank of being positive, helpful, knowledgeable and productive. If we do, and we honor our mission statement to Partner, Serve and Perform, the bank should be positioned well for continued healthy growth post-pandemic.
Todd Moore
President & CEO
Cell Phone: 254.722.2300
Employee Spotlight
Glenice Ashley
The Donie Bank (Retired September 2020)
When Glenice Ashley was looking for a good, reputable job in the country, she found the perfect fit at State Bank of Jewett. After more than two decades of delivering excellent customer care, she retired last month. We caught up with her to hear her thoughts on the key to customer service, her favorite thing about working at Alliance Bank, what’s on her retirement bucket list and more.
When did you start your banking career and what role(s) did you have?
I was hired on April 6, 1998 at the Jewett Bank as a teller. My teller role also included vault responsibilities and other assorted jobs which I enjoyed.
What led you to a career in banking?
I was looking for a good, reputable job in the country.
When did you start working at The Donie Bank?
I moved from Jewett to Donie around 2000.
What motivated you to wake up and go to work?
I really enjoyed my job.
What do you think is the key to customer service?
Getting to know your customers & accuracy in your work.
Over the years, what changes have you seen that have most impacted the industry?
Improvements in information systems.
What would you say is the most important facet of workplace culture?
Teamwork!
What was your favorite thing about working at Alliance Bank Central Texas?
I really care about all the employees at Alliance and I enjoyed my customers.
What’s something most people don’t know about you?
I am a horseback rider. I also worked at a radio station on the air with commercial skits & advertising.
If you could learn to do anything, what would it be?
I would really like to learn a second language.
What's at the top of your retirement bucket list?
After my projects are caught up, maybe a major trip.
What household chore do you hate?
Ironing
Is there a chore you love?
Baking
What does a typical Saturday look like?
Anywhere from restful to busy, busy!
If you won the lottery, what would you do first?
Go pick up the check!
In The News
Minimalist living and tiny home rental experiences have been trending for the past few years, just take a look at Instagram! Now, as the pandemic has changed the way people travel, the remote, single-unit rental experience is even more in demand. The Houston Chronicle highlights how Kenneth and Amos Wheeler, CargoHome and VillaStay, are using cargo containers to help transform the way people live, vacation and even invest.
Mobile Wallet
Link your Alliance Bank Central Texas debit card to a digital payment option and make payments without having your card with you. Set up is fast, and it's secure. Click below to get started.
Noteworthy
Nightlight Donuts and Coffee has made it even easier get your donut fix! They can now be found in a brand new storefront, centrally located at the corner of Highway 6 and Highway 84. Their expanded menu and coffee house atmosphere is perfect for study sessions, business meetings or a fun date night treat. Congratulations Nightlight Donuts and Coffee on your recent grand opening!
DreamMaker Bath & Kitchen has been named the sixth largest national home improvement company in the country by Qualified Remodeler magazine in their top 500 list for 2020. Click here to read more. Congratulations Doug Dwyer, CAPS, CFE and team!
Hidden Gems
Did you know your checking account at Alliance Bank Central Texas has features and functions that you may not be using? Click HERE to learn about some “hidden gems” that are included with your existing checking account.
AskAlliance
PPP UPDATE
It's time to start the Paycheck Protection Program (PPP) loan forgiveness process! We are processing applications and have already started receiving forgiveness payments from the Small Business Administration (SBA).
Employee Birthday Celebrations
October Celebrations
Trent Turner (10/15)
Amy Dellinger (10/21)
Karla Cuevas (10/27)
November Celebrations
Betty Yates (11/2)
Caleb Quetz (11/3)
Kimberly Aguilar (11/6)
Jesus Varela (11/8)
Bacilio Garcia (11/11)
Angelica Barrientos (11/14)
Kenia Ortega (11/18)
Jonathan Briscoe (11/22)
Mayra Gutierrez (11/23)
Florence Sebesta (11/27)
December Celebrations
Travis Louge (12/27)
Patti Johnson (12/29)
Welcome New Employees
Join us in welcoming these banking professionals to our team. We are excited to watch our team continue to grow to better serve you!
Erica McCosin
Customer Service (Jewett)
Florence Sebesta
Customer Service (Donie)
Kimberly Aguilar
Teller Operations (Bosque)
Mandy Garrett
IT (Bosque)
About Alliance Bank Central Texas
Alliance Bank Central Texas is a community bank founded by a local board of directors, owned by a diverse group of over 200 shareholders, and operated by seasoned bankers, most of whom have spent their entire careers in Waco. In less than ten years it has seen assets grow from $35 million to over $350 million. The bank is focused on helping entrepreneurs, professionals and residents, and understands the condition of the local market. It feels real value is created through people connecting personally with their bankers, versus simply having transactions with a bank. Alliance Bank Central Texas provides a full range of financial services including business, personal and mortgage loans. It also provides a variety of deposit products and services including commercial, personal and certificates of deposits along with electronic banking, mobile deposit and cash management services.