LBC Bancshares, parent company of Calumet Bank, announced the unaudited financial results for the second quarter of 2018. The company reported net income of $585 thousand, or $0.37 thousand per diluted share, for the second quarter of 2018, compared with $309 thousand, or $0.19 per diluted share for the second quarter 2017. Return on average assets was 1.18% for the second quarter of 2018 as compared to .73% for the second quarter of 2017.
Calumet Bank Names Tracy Van Norman as Senior Vice President
Calumet Bank is proud to announce the election of Tracy Van Norman to the position of Senior Vice President. Van Norman joined the Bank in 2017, and will now assume greater responsibility in areas of Commercial Lending in the Columbus market.
“Tracy has been a great asset to our team since joining the Bank. I look forward to his continued contributions with his promotion,” said Lenny Bateman, President and Chief Executive Officer of Calumet Bank.
“I am so fortunate to be a part of the Calumet Bank family and am honored to work for an organization that genuinely values and respects not only the communities it serves, but its employees and shareholders. I am humbled and grateful to the Board of Directors and management for their confidence, as we continue to share the Calumet message,” said Van Norman.
A native of Biloxi, Van Norman attended the University of Southern Mississippi and completed studies at the ABA National Compliance School and the ABA National Commercial Lending School, both at the University of Oklahoma in Norman.
Community-centered, Van Norman resides with his wife Beth in LaGrange. He serves as immediate past president of the Rotary Club of North Columbus. He’s also held leadership roles on the board of directors of LaGrange/Troup County Chamber of Commerce, Leadership Troup and Leadership Columbus. When he’s not at Calumet Bank, you can find him on the golf course or training for an upcoming marathon. (He’s a veteran of both the Chicago and New York City marathons.)
About Calumet Bank
Holding $185 million in total assets, Calumet Bank is well capitalized with strong asset quality positioned for continued growth. Since 2008, Calumet has served the community as a locally owned and managed bank dedicated to the highest levels of service. With state-of-the-art technology, Calumet Bank provides customers with robust banking systems in a distinct culture of stewardship and trust. The main office is located in LaGrange, Georgia, in Calumet Center, with the additional branch in Columbus, Georgia, on Airport Thruway.
Member FDIC, Equal Housing Lender
Mike Phillips, Chief Strategy Officer and EVP, recently wrote an article on the importance of management accounting expertise within small and medium-sized enterprises (SMEs). Click here to read the article.
Calumet Bank proudly participated in the campaign ‘Leaving LaGrange Better Than We Found It,’ on Friday, April 20, 2018. Several employees spent the morning picking up trash and debris along Calumet Center Park.
Calumet Bank and THINC College and Career Academy have begun a Student Shadowing Program that will allow THINC students to work alongside Calumet Bank team members on Saturday mornings.
Another great article from Calumet Bank’s Mike Phillips, Chief Strategy Officer and EVP. Click here to see how Faster Payments may impact your small business.