Thursday, February 15, 2018

The Perks of Online Banking

Online banking has become quite the product for convenient banking. There are many reasons to use it and many benefits it can provide. Our bank at the Lake of the Ozarks is here to give you a few perks of online banking. If you have any questions about our online banking feature, call us at 573-348-2265 or visit our website at www.FirstBankLake.com.




The Perks of Online Banking


Perk # 1
Pay your bills quickly and easily.
If you've been struggling to pay your bills on time due to any of the following reasons:

  • Your bills weren't organized and you lost track of one
  • Your funds weren't organized in the right accounts and you ended up not having enough money in the account you were paying your bills from
...then online banking may be just the product you need. It's possible to set your bills up to be paid automatically through online banking. This way you don't have to worry about thumbing through a pile of paper bills and trying to pay one at the last minute. Online banking also allows you to organize your accounts in order to transfer money quickly into the accounts you need it in.


Perk # 2
Track your spending from the palm of your hand.
While some people may enjoy the old fashioned process of writing down everything they spend in their checkbooks, that can take quite a bit longer than just tracking it from your cell phone or computer. Online banking can make "life on the go" much less stressful.

Perk # 3
Avoid getting overdraft fees by being able to track your spending more easily.
Life can be hectic and it can be very easy to overspend. Make tracking easier for yourself and check out our online banking feature at www.FirstBankLake.com.


"The advantage of online banking is that you can pay bills superfast, and your account is automatically credited or debited for each deposit and payment, making it easier to stay on track." - Suze Orman




Ready to Bank Online with First Bank of the Lake?


Our bank in Osage Beach doesn't try to sell you a loan or service you don't need. We make all of our decisions right here at home - we use judgment and compassion when evaluating customer requests. First Bank of the Lake has had the pleasure of being a community bank to the Lake of the Ozarks for over 30 years. Our goal is to find the right product or service to meet your financial needs. We're sure we have the perfect account to meet your needs. Check out our website at www.FirstBankLake.com to see more of the convenient banking services we can provide to you. If you have any questions about what you see, don't hesitate to call us at 573-348-2265.


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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065






(573) 348-2265

Friday, February 9, 2018

5 Ideas to Have a HAPPY Valentine's Day on a Budget

Valentine's Day is right around the corner. It can be such an exciting time of year to celebrate the love you have for your significant other, spouse, or even yourself. While there are many activities to try to celebrate this "day of love," such as going out to a nice dinner, seeing a movie, or buying each other gifts, these things can add up and be quite costly. Your bank at the Lake of the Ozarks is here to give you a few ideas you can implement in order to have a HAPPY Valentine's Day on a budget.




5 Ideas to Have a HAPPY Valentine's Day on a Budget


Idea # 1

Give her or him a homemade gift from the heart.

Try making your loved one something from the heart. For example, you could make them a photo collage of some of the best dates you've had with them.


Idea # 2

Cook a romantic meal together.

Why spends hundreds of dollars on a fancy meal, when you can have just as good of a time cooking with your loved one at home. Save money and bond over making a great meal with one another.


Idea # 3

Try carnations over roses.

While roses are the typical flower of Valentine's Day, carnations are much cheaper and have been known to last longer as well.


Idea # 4

Write a love letter rather than buying an expensive card.

Why not spend LESS money and put MORE thought into your Valentine's Day this year? A charming love letter over a standard Valentine's Day card may mean more to your spouse or significant other anyway.




Idea # 5

Don't be afraid to celebrate Valentine's Day after February 14.

The Valentine's Day candy and food tend to be cheaper and may possibly go on sale after Valentine's Day. Valentine's Day is on a Wednesday this year, so celebrating it the weekend after may even work better for your schedule anyway.


Looking to Budget Your Money with The Best Bank at the Lake of the Ozarks?


First Bank of the Lake provides many options to help you store that money you are saving by budgeting Valentine's Day. We offer checking and savings accounts that basically end up looking like we pay you to bank here. Check out our Kasasa Checking and Savings accounts:

Open a free Kasasa Cash® checking account and get rewarded for doing simple banking activities, like using your debit card.

Earn up to 2.00% APY* and get refunds on your ATM withdrawal fees, nationwide. Add Kasasa Saver® to your account to make saving easy and automatic. Visit us today to open your accounts!

Benefits:


  • Free checking that pays high interest
  • 2.00%% APY* on balances up to $10,000
  • 2.00% to 0.41% APY on balances over $10,000 depending on balance in account**
  • 0.05% APY* if qualifications aren't met
  • Refunds on ATM withdrawal fees, nationwide (up to $25 monthly)**
  • Link to free Kasasa Saver to build savings automatically
  • Kasasa Protect™ available at a discounted rate
  • No minimum balance to earn rewards
  • No monthly service fee
  • Free online banking
  • Free e-statements
  • Free debit card
  • $25 minimum deposit to open


Free Kasasa Saver®

Build savings automatically — link this account to your free Kasasa® checking.

Free Kasasa Saver® is saving simplified. Connect it to your Kasasa Cash® or Kasasa Cash Back® checking to build your savings effortlessly.

When you earn cash rewards in your Kasasa checking, those earnings transfer into your Kasasa Saver. Kasasa Saver also earns up to 0.75% APY!* That’s Kasasa at First Bank of the Lake — free accounts that reward you for banking locally.

Benefits:


  • Free account that builds your savings effortlessly
  • Links to free Kasasa Cash or Kasasa Cash Back checking
  • Automatic transfers of Kasasa Cash or Kasasa Cash Back earnings
  • 0.75% APY* on balances up to $25,000
  • 0.75% to 0.35% APY* on balances over $25,000 depending on balance in account**
  • 0.05% APY* if qualifications are not met on Kasasa Cash or Kasasa Cash Back
  • No minimum balance to earn rewards
  • No monthly service fee
  • Free online banking
  • Free e-statements
  • Free debit card
  • $25 minimum deposit to open


For more information on these wonderful products and to see if you might qualify for them, give First Bank of the Lake a call at 573-348-2265. We'd like to wish everyone a Happy Valentine's Day!


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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065






(573) 348-2265

Thursday, February 1, 2018

3 Key Benefits to Having a CD

Certificates of Deposit or CDs can really come in handy for a number of reasons. Certificates of Deposit (CDs) are common savings products also known as "time deposits". If you are looking for different methods to save money, you should consider opening one at your local bank at the Lake of the Ozarks. Here are a few key benefits of having a CD.


3 Key Benefits to Having a CD


Benefit # 1
CDs are FDIC insured
Deposits in a bank CD are federally insured by the FDIC for up to $250,000 per depositor, per insured bank. 


Benefit # 2
Better yields than a savings account
In exchange for locking away a consumer’s cash for a specific time period, CDs typically offer higher yields than a regular savings account.


Benefit # 3
Great interest rates
For a complete list of the Certificate of Deposit interest rates at First Bank of the Lake, visit http://firstbanklake.com/rates.html. CDs are typically offered in terms of 3 months, 6 months, 1 year, 2 years, 3 years, or greater. The rates typically increase with the length of deposit terms. First Bank of the Lake has a variety of CDs to fit your needs. Terms ranging from 3 months to 60 months with very attractive interest rates. Rates are subject to change without notice.


"The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind." - T.T. Munger



See Some of the Kind Words from a Few of Our Fantastic Customers


"First Bank and it's people are wonderful...they are KIND, friendly, and helpful no matter what our question or request! We love you all!" - Nancy Hertzler Culver 

"Opened new account - friendly staff- very helpful! Also moved an IRA - better rates" - Charli Allee 

"First bank employees always have a smile, enjoy doing business there" - Jeff Bethurem


Certificates of Deposit or CDs at the Lake of the Ozarks


Ready to start saving with your very own CD. First Bank of the Lake is here to provide banking products to fit your needs. Our goal is to find the right product or service to meet your financial needs. We're sure we have the perfect account to meet your needs. We have been your local bank in Osage Beach for 30 years and we don't try to sell you a loan or service you don't need. We make all of our decisions right here at home - we use judgment and compassion when evaluating customer requests. If you are ready to start banking at a 5-Star Community Bank, stop by and visit us at 4558 Osage Beach Parkway in Osage Beach or call us at 573-348-2265. You may also visit our website at www.FirstBankLake.com for more information on the services we provide.


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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065






(573) 348-2265

Thursday, January 25, 2018

4 Great Tips to Improve Your Credit

Good credit can be essential when trying to make any sort of big purchase, such as a house or a car. Getting approved for your mortgage or installment loan for your car can be a lot easier if your credit is not poor. Our bank at the Lake of the Ozarks is here to give you a few tips on how to improve your credit score.



4 Tips to Improve Your Credit


Tip # 1
Stay at a minimum with your credit card expenditures.
Know your credit card limits well! It can be a good rule of thumb to keep your balance at around 30 percent of your credit limit or less. You can make multiple small payments or pay the credit cards with the highest balances off first. 


Tip # 2
Pay your credit card bills ON TIME.
If you can only make the minimum payment, do that, but just make sure you pay on time. You can really affect your credit score in a negative way by paying late.


Tip # 3
It's not a bad idea to have multiple types of accounts in your credit report.
For example, if you have a combination of student loans, credit cards, and a car loan, this can help your credit. Not only does it diversify the report but gives more information to look at when determining your score.



Tip # 4
Avoid closing old credit cards.
A short credit history length can affect your credit negatively. It can be tempting to close old credit cards you don't use anymore, but closing a credit card and opening a new one can shorten the length of your credit history and make it look like you have too many credit cards.

"Your credit report and credit score are two of the most vital aspects of your financial health." - Erin Lowry



Trying to Qualify for a Mortgage Loan or Car Loan ?


First Bank of the Lake has you covered. Our loan specialists are happy to meet with you and hear about your lending needs. We are a local bank and have been a Lake of the Ozarks community bank for over 30 years. When you work with a local bank, you put your money to work growing the local economy. We share a common commitment to our community with our customers. Also, when you work with a local bank, loan approvals and other key decisions are made locally by people who live in the community, we have face-to-face relationships with our customers, and we can understand local needs. Call our bank in Osage Beach at 573-348-2265 if you have any questions about how our installment loans work or would like to sit down and meet with us.

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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065






(573) 348-2265

Friday, January 19, 2018

5 Tips for Starting a New Business

It's 2018 and you've finally "made the leap" and decided to start your very own business. Congratulations! Starting your own business is a very big step and can take a lot of dedication and hard work. If you are truly passionate about what you do, it can be a very rewarding and self-fulfilling experience. Our bank at the Lake of the Ozarks is here to give you a few tips to help you start your new venture.




5 Tips for Starting a New Business


Tip # 1
Let your passion drive you.
A new business could be a very long commitment so it's important that you are truly passionate about what you do and you enjoy doing it. Plus, customers can appreciate service from someone that is happy with what they are doing. Passion shows and can make for a more pleasurable buying experience.


Tip # 2
Visit with a tax professional.
It may not be wise to jump into starting a business without having an idea of what your taxes are going to be like. You need to know what your legal responsibilities are going to be, before you start your business. Allow for your business to run more smoothly by being prepared.


Tip # 3
Present your business as a solution.
Too many people try to "sell" their services the wrong way, by pushing their services on the wrong people. Qualify your "prospects" and explain how your services could help with their problems. It can be very easy to be overly excited right after starting a new business and push your services. For example, if you are speaking with different members at a local networking group and you are starting a wakeboard sales business at the Lake, it may not be wise to try and "push" your services to someone who clearly isn't into wakeboarding and most likely won't be in the future.


Tip # 4
Have the RIGHT people on your team.
Recruit people to work for your business that share your same values and believe in the mission behind your business. Having the right team can really make a difference.



Tip # 5
Have a plan for bill management.
Running a business can really cause the bills to add up, so have a plan for that before you start. Know what regular bills you will have ahead of time and do your research. Have a back up plan for how you are going to pay those bills, if your business doesn't bring in enough money to cover them.


"You Have to Spend Money to Make Money"


This famous saying has guided aspiring entrepreneurs for decades. Depending on your industry, starting a business at the Lake of the Ozarks can require a sizable initial investment. You may not have the funds you need immediately available to get your business up and running. What can you do? If you're like most entrepreneurs, you'll probably take out a loan so you can have the funds you need to get your company off the ground. This is where SBA or small business loans come in. There are three key benefits to having a SBA loan: long term financing, low down payments, and there are several different loan options. We are proud to have a dedicated SBA lending officer on staff and he has been a great addition to our team. It is amazing to be able to offer SBA loans at the Lake of the Ozarks for the local up and coming business owners. If you are interested in speaking to us about getting a SBA loan, call us at 573-348-2265. We look forward to hearing from you.



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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065






(573) 348-2265

Friday, January 12, 2018

First Bank of the Lake - Your 5 Star Community Bank

First Bank of the Lake is excited to announce that we have officially received a 5-star superior rating from BauerFinancial out of Coral Gables, Florida - the Nation's Premier Bank Rating Firm. What does this mean? When a 5-star rating is given, it indicates that the bank excels in capital adequacy, profitability, asset quality and much more. This is such a great way to start off the year and we couldn't be happier. We are a local bank in Osage Beach and we are proud to be a community bank and to have this rating. Here are a few reasons why we are so proud to be a local bank.





First Bank of the Lake – Your 5 Star Community Bank


Reason # 1
Local Banking Makes a Difference
When you work with a local bank, you put your money to work growing the local economy. We share a common commitment to our community with our customers.

Reason # 2
We Have an Understanding of Local Needs
When you work with a local bank, loan approvals and other key decisions are made locally by people who live in the community, have face-to-face relationships with our customers, and who understand local needs.

“Because community banks put their focus on local people and small businesses, they are perfectly positioned to provide the specialized support that is unique to their area,” acknowledges Karen L. Dorway, president of BauerFinancial. “Community banks, like First Bank of the Lake, promote local growth by investing back into the same neighborhoods that their deposits come from. By fostering these local relationships, they achieve two goals: they are highly capitalized and they are accountable to their customers.”

Reason # 3
We Have a Local Staff that is Proud to be Part of this Community
(The names and titles of the staff members are stated from left to right)



  Lake Area Loan Staff
  Dionne Torrence, Loan Coordinator
  Linda Hayes, VP & Loan Administration Manager
  Linda Allen, SVP and Loan Officer
  Gwen Sullens, VP and Loan Officer
  Nicole Bonney, Loan Documentation Specialist




  Retail Staff
  Jeannie Neuman, Head Teller
  Mary Steinwachs, VP and Cashier
  Barb Nelson, Teller and Administrative Assistant
  Lisa Cullen, New Accounts Supervisor
  Dana Wyrick, Teller and New Accounts Representative




  SBA Lending Staff
  Matt Gredell, VP and SBA Loan Officer
  Doug Clark, VP and SBA Loan Officer
  Rachel Tate, Loan Analyst
  Clay Lindhorst, VP and SBA Loan Officer





  Corporate Staff
  Angela Jesse, AVP and Assistant Corporate Secretary
  Mike Anderson, President and CEO
  Mary Steinwachs, VP and Cashier/Controller



Are You Ready to Bank with a Local Bank that Cares About this Community?


First Bank of the Lake has been reinvesting in this community for 30 years, since 1987. We are “Your 5-Star Community Bank” and we are here for your banking needs. Visit our website at www.FirstBankLake.com or call us at 573-348-2265 for more information on the banking services we provide.



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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065






(573) 348-2265

Friday, January 5, 2018

3 Key Reasons to Start Saving for Retirement Now

It can be very easy to keep pushing off saving for retirement, but the sooner you start saving the better! The earlier you start, the more money you can have when you are ready to retire. There are tons of reasons to start saving for retirement now and our bank at the Lake of the Ozarks is here to highlight a few key reasons.




3 Key Reasons to Start Saving for Retirement Now


Reason # 1
Save yourself from having to work forever.
While you may love your job and that's great, it is very unlikely that you are going to be able to work forever. What if you end up having a medical condition that prevents you from working as much in your old age? What if you are simply tired of working and ready to live a life of relaxation? Having a retirement plan in place can help make that happen. It can be nice to have a reliable income to live off of when you are too old to work. 


"Retirement, a time to enjoy all the things you never had time to do when you worked." - Catherine Pulsifer


Reason # 2
Have the same lifestyle in retirement that you do now.
You are probably used to living a certain lifestyle while you are working and having a steady, regular income coming in. By saving for retirement now, you are contributing to funds that can help you have that same lifestyle when you retire.



Reason # 3
The sooner you start saving, the better chance you have of reaching your retirement goal.
If you are trying to save x amount of dollars for your retirement by age 65, wouldn't you want all the time you can get to contribute to that amount? Even if you don't feel you can contribute a lot of money, just putting whatever you can toward your retirement can be beneficial. Every little bit helps.




Looking to Start Saving for Retirement Now?


We here at First Bank of the Lake hope you found these reasons enlightening. If you are ready to start saving for retirement now, stop by and visit with some of our friendly banking staff members. We offer a few different Individual Retirement Account (IRA) options that may be perfect for you and your retirement goals. Our IRA products include Traditional IRAs, Roth IRAs, SEP IRAs and SIMPLE IRAs. Our staff members can explain what each of these products are and what they can do for you. We can help you determine what might work best for your situation. Our bank in Osage Beach can be reached at 573-348-2265 or you may stop in to visit with us in person at 4558 Osage Beach Parkway, Suite 100. We are happy to help you reach your retirement goals.


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First Bank of the Lake - Striving For Excellence
Member FDIC. Equal Housing Lender.


Located at the entrance to the Osage Beach Premium Outlets!

4558 Osage Beach Parkway

Suite 100
Osage Beach, MO 65065






(573) 348-2265