Continuing to Help Our Customers and Communities

Continuing to Help Our Customers
and Communities Prosper and Grow
Contents
Dear Fellow Stockholders,
Letter to Shareholders
3
Financial Data
4
Community Involvement 6
Retirees
8
Leadership
9
Board of Directors
9
Shareholder Info
10
Core Values &
Mission Statement
11
The discussions included in this
document and the documents
referenced herein may contain forward
looking statements within the meaning
of the Private Securities Litigation Act
of 1995, including Section 21E of the
Securities Exchange Act of 1934 and
Section 27A of the Securities Act of
1933. Such statements involve known
and unknown risks, uncertainties and
other factors that may cause actual
results to differ materially. For the
purposes of these discussions, any
statements that are not statements
of historical fact may be deemed to
be forward looking statements. Such
statements are often characterized by
the use of qualifying words such as
“expects,” “anticipates,” “believes,”
“estimates,” “plans,” “projects,” or
other statements concerning opinions
or judgments of the Company and its
management about future events.
The accuracy of such forward looking
statements could be affected by such
factors as, including but not limited
to, the financial success or changing
conditions or strategies of the
Company’s customers, fluctuations in
interest rates, competitive product and
pricing pressures within our markets,
technological changes, changes in
law and regulations, changes in fiscal,
monetary, regulatory and tax policies,
monetary fluctuations, actions of
government regulators, the availability
of capital and personnel and/or general
economic or other conditions. You
should not place undue reliance on
forward looking statements. We
undertake no obligation to revise
or update these statements following
the date of this report.
2
To Our Shareholders, Customers and Friends
KS Bank was established April 28, 1924 when individuals who were to become Directors and Officers
of Kenly Building and Loan Association held their charter meeting. Throughout 2014 as we celebrate
and honor the past ninety years you will hear us use the line “…it all began with a home”. During
the early 1900s, banks did not make long term loans to provide funds for housing. In the fall of 1924
the Association had accumulated significant deposits to begin making home loans. Over the years the
business model has changed and expanded, but we are proud that, ninety years after those first efforts,
KS Bank is still supporting the growth of Johnston and surrounding counties.
KS Bancorp, Inc., the bank holding company for KS Bank, was established in late 1993 and has crossed the
twenty year mark on its journey. Journeys are marked by dates and accomplishments and, throughout
those ninety years, KS Bank has participated along with its customers in many achievements. The vision
and hard work by the men and women who nurtured KS Bank to this point continues today through
a bright motivated team who fully understand their responsibilities to both our customers and the
journey of KS Bank.
Including the KS Mortgage Services location
in Greenville, our offices can be found in
five counties and ten communities.
KS Bancorp, is the bank holding company
for KS Bank, Inc., a state chartered savings
bank headquartered in Smithfield, North
Carolina. The Company’s stock is listed on
the OTC Bulletin Board (www.otcbb.com)
and the Pink Sheets (www.pinksheets.
com) and trades under the symbol “KSBI”.
KS Bancorp had 1,309,501 shares of common
stock, which were held by approximately
188 stockholders of record, as of
December 31, 2013.
KS Bank was founded in 1924 in
the Northeastern Johnston County Town of
Kenly, North Carolina. Since its establishment
in 1924, KS Bank has grown and evolved to
meet the needs of the communities it serves.
Currently, the Bank conducts its operations
through nine full service branch offices that
KS BANCORP, INC. – ANNUAL REPORT 2013
It’s doubtful that the original founders could have conceived of such coming advancements as space
flight or the iPhone. Likewise, they would not have dreamed that customers would deposit checks
through a computer sitting in their own office. Technology has changed many basic duties to accomplish
our day to day task, but it has not changed KS Bank’s core beliefs of trust, respect and honesty.
are located in Kenly, Selma, Wilson, Clayton,
Goldsboro, Garner, Smithfield, Wendell and
Four Oaks, as well as a mortgage lending
office located in Greenville, North Carolina.
The Bank emphasizes being a community
oriented financial institution that offers a
broad range of traditional banking products
and services, with personal service as its
number one priority.
KS Bank has been a member of the
Federal Home Loan banking system since
1936. In addition, the Bank is a member
of the Federal Deposit Insurance Corporation,
the American Bankers Association, the
North Carolina Bankers Association, and
the lndependent Community Bankers
Association. At year-end 2013, KS Bank
had 88 employees.
The entire team at KS Bank is committed to the responsibility of serving our customers in their journeys
toward sound financial growth. It has happened for ninety years, and you have our promise to continue
this journey with you and future generations.
Respectfully,
Harold T. Keen
President/Chief Executive Officer
James C. Parker
Chairman of the Board
KS BANCORP, INC. – ANNUAL REPORT 2013
3
KS Bancorp, Inc. and Subsidiary
2013
2012
2011
Selected Financial Data
2009
2010
(In Thousands, Except Per Share Amounts)
Financial Condition Data:
Total assets
Investments (1)
Loans receivable, net
Deposits
FHLB advances/other borrowings
Stockholders’ equity
Book value per common share
$305,395
92,082
193,642
230,083
48,463
24,338
$15.40
$314,939
94,079
196,855
243,996
43,404
25,322
$16.19
$322,932
98,000
195,370
246,464
50,181
24,316
$15.45
$335,598
92,314
215,322
251,531
60,134
22,131
$13.78
$348,828
93,468
227,147
259,169
65,704
22,351
$14.00
$12,585
2,965
9,620
161
2,315
10,459
1,315
266
$13,676
3,846
9,830
207
2,620
11,479
764
(26)
$15,057
4,850
10,207
1,483
1,574
10,461
(163)
(573)
$17,117
6,588
10,529
1,606
2,678
10,924
677
(516)
$17,433
8,126
9,307
2,218
2,083
10,236
(1,064)
(854)
$1,049
$790
$410
$1,193
$(210)
(218)
(43)
$788
(218)
(41)
$531
(218)
(38)
$154
(218)
(35)
$940
(64)
(12)
$(286)
$0.60
$0.60
$0.00
0.26%
3.18%
8.04%
$0.41
$0.41
$0.00
0.17%
2.12%
7.90%
$0.12
$0.12
$0.00
0.05%
0.65%
7.19%
$0.72
$0.72
$0.00
0.27%
4.25%
6.73%
$(0.22)
$(0.22)
$0.06
-0.09%
-1.42%
6.15%
17.41%
16.70%
15.94%
14.72%
14.14%
Operating Data:
Interest income Interest expense
Net interest income
Provision for loan losses
Noninterest income
Noninterest expense
Income before income taxes
Income tax (benefit) expense
Net (loss) income
Dividends on preferred stock
Accretion of discount on preferred stock
Net Income available to common stockholders
Selected Other Data:
Basic earnings (loss) per share
Diluted earnings (loss) per share
Dividends per share
Return on avg assets
Return on avg equity
Avg equity to avg assets
Total risk based capital
(1) Includes interest-earning deposits, time deposits, investment securities, and Federal Home Loan Bank stock.
4
KS BANCORP, INC. – ANNUAL REPORT 2013
KS BANCORP, INC. – ANNUAL REPORT 2013
5
Community Involvement
Kindness Shines
Brightly Food Drive:
Each KS Bank department and
branch collected nonperishable
food before the holidays to
donate to the local organization
of their choice. In Goldsboro,
Community Soup Kitchen
received the food donations.
Doricia Bention (third from
the left) with the Community
Soup Kitchen is pictured with the Goldsboro staff (left to right)
including Karrie King, KS Bank Customer Service Representative;
Dawn Skelton, KS Bank Financial Counselor; and Felicia Carter,
KS Bank Customer Service Representative.
Johnston County
Festival of Trees: Smithfield
branch
staff
designed and decorated a
Christmas tree for Johnston
County’s Festival of Trees event.
Our theme this year was “An
old fashioned Christmas”
featuring rustic decorations.
Bill Clarke, KS Bank Commercial
Lender, is pictured decorating
KS Bank’s tree. The Festival of
Trees is a fundraiser benefitting Keep Johnston County Beautiful,
a non-profit organization. Numerous trees are decorated and
displayed prior to Christmas at the Medical Mall in Smithfield.
Johnston County
Economic Forum:
Each February, participants at
the Johnston County Economic
Forum receive a forecast from
the experts of what they think
the upcoming year will bring in
the housing industry. Pictured
from left to right are Bernard
Helm, Market Opportunity
Research Enterprises; Harold
Keen, KS Bank President/CEO; Donald Byrd, Johnston County
Association of Realtors President; Sherry Penney-Phillips, Executive
Director of the Johnston County Home Builders Association;
Rick Hester, Johnston County Manager; and Ted Abernathy,
Southern Growth Policies Board member.
Garner Chamber of Commerce
Business Expo:
KS Bank Garner staff participated in the
Garner Chamber of Commerce Business
Expo in June. Pictured left to right are
Katie Leburg, KS Bank Customer Service
Representative, and Jennifer Rogowski,
Garner Office Manager.
6
KS BANCORP, INC. – ANNUAL REPORT 2013
Johnston County
Education Foundation:
KS Bank sponsored a team in
the Spelling Bee again this
year benefitting the Johnston
County Education Foundation. This year’s team dressed
as the KS Bank Correction
Facility “Chain Gang”. In
s uppor t of t heir f ellow
co-workers, KS Bank employees
contributed over $400 to the Foundation to help fund grants
to Johnston County teachers for projects that enhance the
students’ education. KS Bank employees pictured left to right
are Denise Drewry, Customer Service Representative (Smithfield);
Brandy Ward, e-Banking Team Leader; Susan Narron, Financial
Counselor (Smithfield); and Cassy Massengill, Customer Service
Representative (Selma). Harold T. Keen, President/CEO, of KS Bank
(not pictured) serves on the Board of Directors for the Education
Foundation.
First 2000 Days – Early
Investment A LIFETIME
OF RESULTS: KS Bank, along with Johnston
Community College, Johnston
County Schools and The
Partnership for Children
sponsored a Business Briefing In
May 2013. The briefing focused
on the direct correlation
between a child’s first years of life and the contributions he
or she will make to society later as an adult. Pictured left
to right are Regina Smith, KS Bank CFO/Partnership For
Children Board Member; Lisa Brogdon, KS Bank Board of
Directors member/Partnership For Children Board Chairman; Ted
Abernathy, Southern Growth Policies Board and keynote speaker
for the Business Briefing; Earl Worley, KS Bank COO; and Dwight
Morris, Director of Partnership for Children of Johnston County.
Smithfield-Selma
CWBN:
Debra Morgan (second from
the left), WRAL-TV news
anchor, emceed a luncheon
sponsored by the SmithfieldSelma Chamber Women’s
Business Network (CWBN).
Deb Pattison (not pictured),
KS Bank Human Resources
Director, is a member of the
planning committee for CWBN. CWBN provides scholarships
for women who want to further their education in a business
field. Fundraisers include events for women like this luncheon
featuring a forum of professional women. They discussed how
they “take care of business” during the good times and the
struggles, through all the positives and negatives that come with
being a businesswoman. At this luncheon, the CWBN announced
that they established a scholarship in honor of Earl Worley,
KS Bank COO, in recognition of his service to the Chamber and
CWBN as Chamber President in 2013. Pictured with Ms. Morgan is
(left to right) Ashley Davis, KS Bank Credit Analyst; Tracie Worley,
KS Bank Mortgage Lending Manager; and Denise Elliott, KS Bank
Executive Administrator Assistant.
Wendell Rotary Club
Food Drive:
Wendell retail office teamed
up with Wendell Rotary to
collect nonperishable food to
donate to local food banks. The Wendell Rotary Club set a
goal to collect 1000 pounds of
food and KS Bank employees
and customers donated a
significant portion of that goal. Pictured with Stacy Bradfield,
KS Bank Financial Counselor,
is Bruce Lynch, member of
Wendell Rotary Club. The food drive is a continual project for the
Wendell Rotary Club and for Wendell KS Bank.
Johnston Community
College Foundation:
Earl Worley, KS Bank COO
(in middle), and Deb Pattison,
KS Bank Director of Human
Resources (far right), are
pictured with David Ford at the
Neal Lancaster Golf Tournament
and Auction benefitting the
Johnston Community College
Education Foundation. Mr.
Worley and Ms. Pattison serve as members of the Board of Directors
for the Foundation.
Kindness Shines
Brightly Food Drive:
Regi na
Smi th
( ri ght) ,
KS Bank Chief Financial
Officer and Harbor House
Board Member, is pictured
with Keri Christensen,
Director of Harbor House,
a domestic violence shelter
for women and children. The
bank gathered donations
of food and clothing from employees and customers to give to
several charitable organizations throughout our market areas. This event has become a tradition with the bank’s employees and
is held during the holidays to help those in need.
Johnston Community
College Small Business
Center:
Doug Cockrell, KS Bank Credit
Analyst, teaches business and
financial related classes offered
by
Johnston
Community
College’s Small Business Center. Doug has taught for the Small
Business Center for several
years. In 2013, he taught the
classes entitled “So You Think You are Ready To Start Your Own
Business” and “Financing Your Small Business”.
Smithfield Rescue
Mission:
Tracy McKinley (left), KS Bank
Information
Technology
Manager, is pictured at the
Smithfield Rescue Mission’s
Fun Run fundraiser. Tracy is a
member of the Board of
Di rectors and Techn i ca l
Advisor for Smithfield Rescue
Mission. The Smithfield Rescue
Mission (SMR) was established in 1977 by Paul and Margie Olsen
to extend a helping hand to homeless people. It is the only one of
its kind in the Smithfield area reaching out to those in need from
a physical, emotional, and spiritual approach. Pictured with Tracy
is Andy Hale (center), Events Coordinator for the Mission, and
Denise Elliott (right), KS Bank Executive Administrative Assistant,
who also participated in the Fun Run.
Wilson County Farm
City Week Breakfast:
KS Bank was a sponsor of
the Wilson County Farm City
Week Breakfast in November. The bank honored Carroll
Coleman with its sponsorship.
Mr. Coleman retired in 2013
as a member of the KS Bank
Board of Directors. Dr. Randy
Woodson (on right), North
Carolina State University Chancellor, spoke to the group of farmers,
extention agents, and business representatives. In addition to his
chancellor duties, Dr. Woodson is an internationally renowned
plant molecular biologist specializing in reproductive processes in
agricultural crops. Pictured with Dr. Woodson is Justin Keene,
KS Bank Relationship Manager in Wilson.
Breakfast Before
Business:
KS Bank was among the
sponsors for the Breakfast
Before Business event in
February 2013 hosted by
Johnston Community College
and Johnston County Chambers. The Johnston Community
College Foundation recognized
37 individuals, businesses, and
industries who contributed to the 30 for 30 fundraising campaign
in celebration of the Foundation’s 30th Anniversary. Pictured (left
to right) are Bill Clarke, KS Bank Commercial Relationship Manager
(Smithfield); Ken Jones, KS Bank Board of Directors member;
Kelly Aycock, KS Bank Relationship Manager (Selma); Sarah Moss,
Clayton Office Manager; and Tammy Mitchell, KS Bank Business
Development Officer.
KS BANCORP, INC. – ANNUAL REPORT 2013
7
A Tribute to Our New Retirees
Leadership
A. Carroll Coleman, Director Emeritus
Carroll Coleman retired from KS Bank Board of Directors after twenty-two years of service to the Bank. In 1998,
Mr. Coleman became a member of the Board after serving seven years as an advisory board member for the Wilson
Branch. He grew up in the Rock Ridge community of Wilson County and retired as director and President of P.L. Woodard
in Wilson. In his retirement, Mr. Coleman has managed farm land in six different counties for landowners who live from New York
to California. He keeps his own farms maintained and rides the trails near his Rock Ridge home on his Kawasaki “Mule”,
a retirement gift for himself. In addition, he enjoys reading books and trade magazines and spending time with his wife,
children and grandchildren. Instilling a love for “farming” and the land in his grandchildren is important to him and his
family.
In a 2009 interview, Mr. Coleman said “I believe there will always be a place in the financial industry for community
banks. As long as we maintain a cautious, but positive attitude toward the growth of the bank, I believe KS Bank will
remain strong well into the future.” Ted Gilbert Godwin
In December of 1971 when Ted G. Godwin started his banking career at First Union in Wilson, NC, he had no idea that
forty-one years later he would finish his banking career in April of 2013 as City Executive for KS Bank in the same town
of Wilson, NC. In between, he served the communities of Southern Pines, New Bern, Smithfield and Kenly as a banking
professional and “enjoyed every minute of it”.
Ted recalls many changes throughout his time as a banker. He describes changes in technology used by banks as “both
good and bad”; regulatory requirements as “always increasing and growing more detailed”; and customers as “relying
more heavily on electronic banking methods than coming into the bank to develop relationships with their bankers”.
Ted may have retired from his banking career, but he has hardly retired from being busy! Hunting in Alaska, Colorado
and Ohio as well as serving his first term as Johnston County Commissioner and spending time at his mountain home has
filled his time since retirement.
Although he loves having more time to spend with his wife, sons and four grandchildren, Ted misses his customers and
staff at KS Bank and the opportunity to be a part of their lives on a regular basis. His wish for the bank is for “markets to
normalize, profits to grow stronger and the bank to continue to thrive as a strong community bank.”
Kevin Joseph Jorgenson
Executive Management Staff
Seated (left to right): Harold T. Keen, President/CEO; Earl W. Worley, Jr., Chief Operating Officer
Standing (left to right): Deborah A. Pattison, Director of Human Resources; H. Geoffery Kokiko,
Senior Retail Officer; Timothy N. Taylor, Chief Credit Officer; Regina J. Smith, Chief Financial Officer
Kevin J. Jorgenson retired from KS Bank in January of 2013 after twenty years of service to our bank. Some of the most
memorable events that Kevin was involved with during his tenure are establishing the bank as part of the secondary market
for mortgages, setting the company up on a computer based system for employees, coordinating the conversion of our
computers over to accommodate year 2000 changes, and setting the bank up on the internet.
Kevin started his banking career in 1972 after serving four years in the Army where he reached the rank of Captain. He
started his career at Raleigh Federal where he worked in several capacities and ultimately became responsible for twelve
branches in Wake County. He served in various capacities at KS Bank including Branch Manager, Loan Department Manager,
Compliance Officer, Computer Network Administrator, Mortgage Banking Manager, and Senior Lending Officer.
Kevin’s greatest wish for KS Bank is” to remain independent, competitive, and profitable”. He stresses that our size is one
of our best strengths because “we can adjust to fix something that’s broken”. His relationship with fellow employees is what
he misses the most. “They are the greatest bunch to work with … caring, loving and hardworking. They are what I miss!”
said Kevin recently.
Time spent with family and friends, exercising at the local gym, and playing golf is what Kevin is enjoying in his retirement. He
has five grandchildren with whom he loves to send time and for whom he decorates his yard with life-size Christmas decorations
each year. Kevin admits that one of the best parts of his Christmas is seeing kids’ faces light up when they see his decorations!
Carolyn Morris Talton
After 20 years of service to KS Bank, and 24 years in the banking industry, Carolyn M. Talton retired in January of 2013.
As a Customer Service Representative, and ultimately Head Teller, for KS Bank, Carolyn saw many changes throughout
the years. She started with KS Bank “just as we were switching over to computers and suddenly information was at your
fingertips!” recalls Carolyn. She remembers how thrilled customers were to have their balances printed on the passbooks
they used to track their savings accounts.
When asked “What would you tell younger tellers today who are just starting their careers?”, she quickly responds
with “have a lot of patience with older customers, be ready for change, be patient with your career, learn all you can,
and banking is a wonderful opportunity for the future.” Her wish for KS Bank is to add more branches, but stay the
community bank that cares about their customers’ financial needs.
In her retirement, Carolyn stills maintains the friendships she established with current employees as well as former
employees because “They are family!” She also enjoys spending more time with her family including her three boys and
her five grandchildren. She says that being “grandma” is the best job she has ever had!
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KS BANCORP, INC. – ANNUAL REPORT 2013
Board of Directors
Seated (left to right): Earl W. Worley, Jr., Director; Gordon C. Woodruff, Vice-Chairman;
James C. Parker, Chairman; Lisa H. Brogdon, Director
Standing (left to right): Directors, B. Kenneth Jones II; Eugene D. Jackson; Sidney E. Sauls;
R. Edward Scott Jr.; Harold T. Keen
KS BANCORP, INC. – ANNUAL REPORT 2013
9
Annual Meeting
The Annual Shareholder’s Meeting
will be held on May 22, 2014 at
7:00 PM in the Corporate Office
at 1031 North Brightleaf Blvd in
Smithfield, North Carolina.
President/CEO
Harold T. Keen
Corporate Information
1031 N Brightleaf Blvd
Smithfield, NC 27577
919-938-3101
919-938-2681 (Fax)
http://www.ksbankinc.com
Chief Financial Officer
Regina J. Smith
Annual Report
A copy of KS Bancorp’s Annual
Report can be furnished without
a charge by writing to:
Regina J. Smith, CFO/SVP
KS Bank, Inc.
P.O. Box 661
Smithfield, NC 27577
Common Stock
The Company had 1,309,501
shares of Common Stock
outstanding, which were held
by approximately 188 holders of
record (excluding shares held in
street name), as of December 31,
2013. The Common Stock was
listed for quotation on the OTC
Bulletin Board and the “Pink
Sheets” at www.pinksheets.com
and trades under the symbol KSBI.
Stock Transfer Agent
Shareholders needing information
on stock-transfer requirement and
lost certificates may write to:
Broadridge Corporate Issuer
Solutions Inc
1717 Arch Street Suite 1300
Philadelphia PA 19103
Independent Certified Public
Accountants for 2013:
Dixon Hughes Goodman, LLC
1003 Red Banks Rd
P.O. Drawer 20157
Greenville, NC 27858
Special Legal Counsel
Brooks, Pierce, McLendon,
Humphrey & Leonard, LLP
P.O. Box 26000
Greensboro, NC 27420
Photography Credit:
Hardison Fine Portraits
Pine Level, NC
Photos By Tracy McKinley
Smithfield, NC
Graphic Design & Layout:
CHO Design Studios
Clint Overby
Four Oaks, NC
10
Chief Operating Officer
Earl W. Worley, Jr.
Corporate Secretary
Joy B. Watson
Denise W. Elliott
Executive Management
H. Geoffrey Kokiko
Deborah A. Pattison
Timothy N. Taylor
BRANCH PERSONNEL
Clayton Branch
Charles Marcom
Sarah Moss
Carlene Wilkins
Tina Willis
Four Oaks Branch
Chris Howell
Gail McLamb
Shelia Barefoot
Michelle Pearce
Garner Branch
John Kerr
Jennifer Rogowski
Mary Humphries
Stephanie Ryan
Goldsboro Branch
David Barber
Dawn Skelton
Sheri Broughton
Felicia Carter
Karrie King
Kenly Branch
Sarah Coley
Melissa Curry
Karen Davis
Shannon Kirby
Selma Branch
Kelly Aycock
Emily Lawhorn
Carolyn Allen
Cassy Massengill
Vicky Wall
KS BANCORP, INC. – ANNUAL REPORT 2013
Smithfield Branch
Bill Clarke
Ashley Davis
Susan Narron
Denise Drewry
Ashley Rodriguez
Jennifer Smith
Wendell Branch
Jeff Eddins
Stacy Bradfield
Julie Carroll
Martha Strickland
Wilson Branch
Justin Keene
Kimberly Arizpe
Alyshia Ward
Tynisha Woodard
Roving Tellers
Gladys Lee
Brianna McMillian
Brandy Norris
Kaye Wood
MORTGAGE BANKING
Tracie Worley
Sarah Caldwell
Greenville Office
Chad Aldridge
Greg Fader
ADMINISTRATION
Accounting
Regina Smith
Helen Pollock
Diana Whitehurst
Business Development
Tammy Mitchell
Credit Administration
Timothy N. Taylor
Doug Cockrell
Greta Edwards
Blair Hester
Tammy Oldham
John Parker
Deposit Operations
Wendy Langston
Peggy Fitzgerald
Candy Johnson
Ted Morgan
Elisabeth Rhoades
Mack Ward
Deborah Whaley
Local Focus
E-Banking
Brandy Ward
Although the Company is publicly traded, we want to continue to be
owned and controlled by local shareholders who share the Company’s
commitment to the community.
We are a community
bank that:
Create Win-Win for Customer & Bank
• builds personal
relationships by
providing exceptional
customer service
Loan Operations
Karen Aycock
Candace Bennett
Crystal Boswell
Connie Brown
Wanda Daniels
Tessa Foister
Jessica MacDougall
Emily Rhodes
Executive Administrator
Denise Elliott
Human Resources
Deborah A. Pattison
Angela Holland
Heidi Watkins
Joy Watson
Information Technology
Tracy McKinley
Cheryl Cain
Gary Langston
Internal Auditor and
Compliance
Marilyn Logan
Marketing
Michele Grady
Core Values
Our
Mission
We build and maintain personal relationships that are mutually
beneficial. Through honesty and integrity, we earn the trust of our
customers. We know our customers’ names and understand what is
really important to them.
Learn for Life
Although employees are important for any business, this is especially true
in community banking. Our success is dependent on the experience and
expertise of our employees. We provide many opportunities for growth
and personal development to staff members who are committed to
serving our customers.
Make a Difference at Work & In Our Communities
We invest our time and resources, both individually and organizationally,
in the local community. We are committed to helping our communities
grow and improving the quality of life for local residents.
Always Do The Right Thing
Our success is dependent upon our ability to work together as a team.
We value cooperation and collaboration. Our commitment to trust,
relationships and personal service must extend to our interactions with
each other.
Work with Focus & 100% Engagement
We want to develop existing relationships and continue to expand our
locations and services into more communities. In order to do this, we
need to recognize and adapt to the changing needs of our customers
and communities.
Profitability
• sustains profitable
growth that creates
value for our
shareholders
• contributes to the
development of the
communities we serve
• fosters a culture of
professional growth
and personal fulfillment
for our employees
Our
Vision
Every customer refers
a new customer
In order for us to fulfill our commitment to each of the preceding values,
we must continue to increase our profitability. This goal will require a
focus on efficiency and innovation.
Director of Operations
Linda Holloman
KS BANCORP, INC. – ANNUAL REPORT 2013
11