Issue 08                                             OMB Connections                         April 2015
Getting Down to Business                                  
Real Estate Mortgage Seminar
homeowner-couple2.jpgOld Mission Bank is proud to present an event you won't want to miss! This FREE seminar is open to realtors and current or prospective homeowners. Become aware of the latest requirements and regulations in the real estate mortgage industry. Special presentations focus on FHA, VA and Rural Housing products you and/or your clients may qualify for. This is sure to be an eye-opener for all attendees!
Lunch will be provided for all attendees following the Closing Remarks.
Where:  LSSU Cisler Center, Crow's Nest
When:   Thursday, May 7, 2015   
             10:00am - 12:00pm

10:00am - 10:05am:  Welcome & Introductions
10:05am - 10:20am:  Mortgage Possible Product Overview
10:20am - 10:40am:  Mortgage Credit Certificate Program
10:40am - 10:50am:  Break
10:50am - 11:05am:  New Regulations
11:05am - 11:55am:  FHA, VA Presentation
11:55am - 12:10pm:  OMBLoans.com
12:10pm:  Dismissal to Lunch
  Seating is LImited! Please RSVP to Old Mission Bank by Friday, May 1, 2015 at 906-635-9910 or online at oldmissionbank.com.

Hotel Wi-Fi: Is It Worth the Risk? 

When you travel, have you used your hotel's Wi-Fi - maybe to pay a few bills or catch up on a report you need to read? You may want to think twice before logging in to accounts over hotel Wi-Fi. Hackers are using security vulnerabilities in hotel Wi-Fi to steal people's passwords and other sensitive information. Here's how it works: as a hotel guest, you try to get online using their Wi-Fi network and get a pop-up for alaptop-business-man.jpg software update, but the network has been compromised. When you click to accept the download, you unknowingly load software designed to damage your computer or steal your information.

During your next hotel stay, consider whether you absolutely must share your login info over the Wi-Fi network. Weigh for yourself whether it's worth the risk. If you decide to use a public network, take precautions:

  • When using a public Wi-Fi network, log in or send personal information only to websites you know are fully encrypted. Look for https in the web address - the "s" stand for secure. To be safe, your entire visit to each site should be encrypted - from the time you log in to the site until you log out. If you think you're logged in to an encrypted site but find yourself on an unencrypted page, log out right away.
  • Don't stay permanently signed in to accounts. When you've finished using an account, log out.
  • Do not use the same password on different websites. It could give someone who gains access to one of your accounts access to many of your accounts.
  • Many web browsers alert users who try to visit fraudulent websites or download malicious programs. Pay attention to these warnings, and keep your browser and security software up-to-date.
  • Some Wi-Fi networks use encryption: WPA2 is the strongest.
  • If you regularly need to access online accounts through public Wi-Fi networks, you may want to use a virtual private network (VPN). VPNs encrypt traffic between your computer and the internet, even on unsecured networks. You can get a personal VPN account from a VPN service provider. Some organizations create VPNs to provide secure, remote access for their employees. What's more, VPN options are available to encrypt information you send through mobile apps. If you work out of hotels frequently, you may want to obtain your own mobile hotspot, which encrypts traffic between your device and the Internet and uses the cellular network instead of public Wi-Fi.
  • Installing browser add-ons or plug-ins can help. For example, Force-TLS and HTTPS-Everywhere are free Firefox add-ons that force the browser to use encryption if available on popular websites that don't normally encrypt.

Old Mission Bancorp, Inc. Declares 1st Quarter 2015 Dividend

A cash dividend of $0.23 per share was declared payable March 5 to shareholders of record February 20, 2015. This dividend represents over 19% of the Corporation's prior year net income, and is a 4.5% increase over first quarter 2014's dividend. "With this dividend, Old Mission Bancorp, Inc. has increased dividends for eight consecutive years, a significant accomplishment reflecting the success of Old Mission Bank during challenging economic times" stated David E. Firack, President & Chief Executive Officer of Old Mission Bancorp, Inc. "During the timeframe noted, while many banks experienced significant share value declines and cut or eliminated dividends, Old Mission has increased dividends annually and grew our stock's book value by 31%," concluded Firack.


A startup in 2000, Old Mission is rooted in the Eastern Upper Peninsula. Its shareholders, directors, officers and staff have been connected to the bank's service area for multiple generations. A local community bank's success is directly tied to the economic stability and growth of its market area. Evidence of this is borne out by our daily consultations with clients which produce deposit structures and loan solutions that benefit customers throughout the economic cycle. Our mission is helping clients succeed financially.


In announcing the dividend, Firack reported December 31, 2014 corporate assets of $108.7 million and net income of $666,200 or $1.18 per share. The company's return on average assets (ROAA) of 0.61% and return on average equity (ROAE) of 5.36% were down slightly from prior year, but compared favorably with Michigan peers. "Loan growth of over 5% during 2014 positions us well going into 2015 with earning assets at new highs and additional opportunities on the horizon," stated Firack.


Old Mission Bancorp, Inc. has 309 shareholders, most of whom are EUP residents, with 563,131 shares outstanding. Book value per share was $22.82 at December 31, 2014 with the most recent share sale at $16.50, for a price to book multiple of 0.72X and price/earnings ratio of 13.95. Camels Consulting, LLC, an independent bank consulting firm valued the corporation's stock at $18.95 as of June 30, up from $18.57 in December 2013. "With a strategic plan of independence, local ownership and local control, every decision made is with the future benefit of Old Mission's shareholders and customers in mind. Expansion of our shareholder base is a goal of our Board, and we invite anyone who is interested to contact our executive management team about ownership opportunities in our vibrant, growing organization," stated Tom Robinson, Chairman of Old Mission Bank and Old Mission Bancorp, Inc.


Old Mission Bancorp, Inc. is a locally owned and controlled one-bank holding company. Old Mission Bank, its sole operating entity, has its main office in Sault Ste. Marie and a branch in Pickford, Michigan. Old Mission Bancorp, Inc.'s Board of Directors consists of Thomas Robinson (Chairman), Carol Brawley, Steven Cannello, Catherine Chenoweth (EVP/CFO), Kevin Cooper, David Firack (President & CEO), Theodore Haapala, Anthony Haller, James Halvorsen, D. Joseph McCoy, Gary Sharp (EVP & President of Old Mission Bank), and Frederick Smith. With the exception of Mr. Halvorsen, all other directors are original incorporators of the company.
Bank and Employee Community Involvement
Relay for Life Plans
The 2015 Relay for Life is quickly approaching and Old Mission Bank team captains, Christy and Katie, are working diligently to organize several bank-wide fundraisers. Some of their plans include:
  • Two Bake Sales: The first will be held April 24th. The second will be held toward the end of June (date yet to be determined).
  • Carwash: As in 2014, Old Mission Bank staff will be having a car wash. All proceeds support the Relay for Life.
  • Candy Bar Sales: We will be selling candy bars at the information desk for $1.
  • Feet and Luminaries: Relay for Life Feet and Luminaries will be sold at the teller line and the information desk. Feet are $1 and Luminaries are $10.

Our goal this year is to raise $2,500. Please come out and help us support a great cause!

In This Issue
OMB Connect Internet Banking
Are you enrolled in OMB Connect Internet Banking? Through Old Mission Bank's FREE internet banking, you can view your account balances and activity, make transfers to other OMB accounts, view your monthly statements, and so much more! You can also enroll in OMB Connect Bill Pay to pay your bills online. This great feature is FREE when all of your eligible accounts are enrolled in eStatements.

Visit us at www.oldmissionbank.com to enroll in OMB Connect today! Click the Enroll link in the upper right hand corner, follow the on-screen instructions, and start enjoying the benefits of OMB Connect immediately! If you have any questions, please contact Customer Support at (906) 635-9910.
Employee Spotlight
Courtney, Customer Service Representative
Courtney has been part of the Old Mission Bank team for 8 months. She is originally from Coldwater, Michigan, and moved to Sault Ste. Marie in 2010 to attend Lake Superior State University where she studied Criminal Justice and Corrections. Prior to Old Mission Bank, Courtney was a department manager at a retail store for four years.
Courtney and her fiance, Greg, have been together for 3 1/2 years and have a 20month old daughter named Hanna.
Outside of work, Courtney enjoys playing paintball, reading, camping, hiking, swimming, and fishing.
Courtney has been a crucial part of the OMB team in her short time here and was described by her coworkers as willing to listen and learn, always smiling, and working through stressful situations with ease and grace beyond her length of employment. In light of all of these things, Courtney was voted Employee of the Quarter for the First Quarter of 2015. Congratulations, Courtney!
Pack of Facts

In ancient Rome, it was considered a sign of leadership to be born with a crooked nose.


The word "nerd" was first coined by Dr. Seuss in "If I Ran the Zoo."


A 41-gun salute is the traditional salute to a royal birth in Great Britain.


Children grow faster in the springtime.


A "gut feeling" is a chemical signal that your stomach creates to warn the brain of danger.


The last bite of food determines whether or not you'll want to have it again in the future.


The world's first Buddhist ruler, Emperor Ashoka, was the first ruler in human history to ban slavery, animal cruelty, and deforestation.


There is a garbage swirl in the Pacific Ocean called "The Great Pacific Garbage Patch" that is equal to the size of Texas.


The International Space Station is the most expensive object ever built, with a total cost of $150 billion.


If you search for the word "recursion" on Google, it will ask you if you meant "recursion". (Recursion is the process of repeating items in a similar way.)


In the border between Egypt and Sudan there are 795 square miles of land unclaimed by either.


Einstein's eyes remain in a safe box in New York City.



Old Mission Bank
2701 I-75 Business Spur
Sault Ste. Marie MI 49783
Main Office: (906) 635-9910
Pickford Branch: (906) 647-9910