Farmers National Bank of Emlenton Corporate Banking Incentive Program Summary
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Summary
The Farmers National Bank of Emlenton has established an incentive program for its commercial loan officers, focusing on new loan production, portfolio growth, customer retention, deposit growth, and profitability. Officers are eligible for quarterly and annual incentive payments based on performance factors such as loan volume, portfolio and deposit growth, and credit quality. The program is overseen by the Human Resources Committee, which reviews it annually and recommends changes to the Board of Directors.
EX-10.5 3 a4896070ex105.txt EMCLAIRE FINANCIAL CORP. EXHIBIT 10.5 EXHIBIT 10.5 THE FARMERS NATIONAL BANK OF EMLENTON CORPORATE BANKING INCENTIVE PROGRAM (SUMMARY) The Farmers National Bank of Emlenton Corporate Banking Incentive Program provides incentive compensation for the Bank's commercial loan officers. Primary emphasis is placed on new loan production, loan portfolio growth and customer retention, deposit growth, and profitability. Key performance factors include account management, credit quality, and loss experience. Pursuant to this plan, commercial loan officers are rewarded with quarterly incentive payments for commercial loan production (based on new loan volume for new and existing customers), portfolio growth and fee income. In addition, annual incentives are rewarded for the attainment of individual portfolio growth goals, departmental growth goals, deposit growth and profitability. To be eligible, commercial loan officers are evaluated utilizing a number of performance factors including account management, credit quality and loss experience. The plan is administered by the Human Resources Committee and reviewed annually by the Committee with any changes being recommended to the full Board of Directors of the Bank for approval.
