Pros
Executive leadership, with the help of their CPA firm, has mastered the art of accounting irregularities. CEO has dedication to business as evidenced by the "tornado day" when he ordered first floor tellers to remain at their station rather than seeking shelter in the basement during a tornado warning. Optrimistic executives hosted celebratory breakfast immediately on news that OCC had released their restrictive order. Bank has no loan pricing model in place and the risk-ratings are applied "rock/paper/scissors" fashion so there's lots of flexibility to make loans, both good and bad. The bank has an excellent geogrphic franchise but this is more than offset by the ineptness of management The people are generally pleasant and easy going - why wouldn't they be, they're not reallly held accountable by management any more than management holds themselves accountable, which they don't. Think Mayberry Financial.
Cons
Corporate objective is to "not go out of business" so executive leadership can continue cashing paychecks while avoiding work & responsibility at this Zombie institution The largely minority workforce casts an awkward shadow on the white male leadership environment. If the outside director appointed in December 2012 had any idea what goes on here he would pass out. The loan committee members "laughed" at the interest rate charged to a long-time customer, thinking that the customer was "too stupid" to shop around. The Chief Credit Officer commutes from Effingham and has no lasting commitment to either the local community or the institution.
