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OFFICIAL PUBLICATION OF THE INDIANA BANKERS ASSOCIATION

Vol. 109 2025 No. 3

FLD Day at the Statehouse Sees Record Turnout

The IBA’s Future Leadership Division kicked off the year in a big way with over 80 bankers converging on Indianapolis on March 4, representing the largest group ever for our annual FLD Day at the Statehouse. As always, the event aimed to engage members in grassroots advocacy and educate them on its importance to growing as a leader in the industry.

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HR Topics: DEI and Affirmative Action
Compliance Under the Trump Administration

In January, President Donald Trump signed Executive Order 14173 entitled “Ending Illegal Discrimination and Restoring Merit-Based Opportunity,”1 which ordered federal agencies to end all diversity, equity and inclusion initiatives or policies that are discriminatory or provide illegal preferences and to enforce federal civil rights laws.

HR Topics: DEI and Affirmative Action

Compliance Under the Trump Administration
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Banker Profile: Brit C. Hollopeter
Assistant Vice President, Retail Loan Operations Manager – Lake City Bank, Warsaw

What drew you to banking?
I love math and solving equations, which goes hand in hand with the complexity of the work my team does with loans. I love the challenge that each day brings working in banking.

Banker Profile: Brit C. Hollopeter

Assistant Vice President, Retail Loan Operations Manager – Lake City Bank, Warsaw
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PSP Showcase: Saving on TEFRA Through an Investment Subsidiary

Municipal bonds have been federally tax-exempt for more than 100 years as a means of encouraging investment in local infrastructure and supporting communities. Then in 1982, the Tax Equity and Fiscal Responsibility Act limited the amount of tax-exempt income earned on muni investments by community banks. The law’s intent was to prevent banks from “double-dipping,” defined as earning tax-exempt income on munis as well as a deductible business expense for interest paid on deposits funding these investments.

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Bank Trends: Can Margin Improvement Continue in 2025?

Community banks saw impressive growth in net interest margin throughout 2024. U.S. banks with less than $10 billion in assets (around 4,200 institutions) improved net interest margins from a post-pandemic low of 3.34 at year-end 2023 to 3.52 at year-end 2024.

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