Times like these are challenging. The Covid-19 health crisis has become a financial one that has impacted our economy and individual lives. As another school season begins, let’s go out of our way to thank our educators for their dedication, determination to engage students and maintain high standards of learning. We have many parents on staff who are juggling kids’ school schedules, homework and their own work demands. I don’t know how they do it!

Do what you can to ensure that you have a rainy day or emergency fund savings plan in place. It’s never too late to begin. Making minor changes to financial habits can reap big benefits down the road. SLB offers free automatic transfers between your SLB accounts to help you meet your savings goals. Decide how much you want transferred, how often and identify your ‘to’ and ‘from’ account numbers. You can easily set–up this ongoing transfer within your Online Banking. Or, contact a CSR at any branch location and we will do it for you! Then, sit back and relax. You’ve taken the first step to savings.

SLB staff are continually trained and tested on cybersecurity and prevention of identity theft. Our Information Technology Department is tasked with ensuring our staff are armed with security knowledge and tools. We work hard to stay alert and informed to guard against unauthorized access to confidential information. Know that when we ask you additional questions to confirm identity, it’s because we’ve got to get it right every time. We value your trust and aim to keep it!

Our bank is open for business, but we have altered our operations to protect the safety of our staff and customers by temporarily closing our lobbies until it is safe to resume normal operations. We will continue to adhere to the latest public health guidance in making that determination. In the meantime, all other ways to access the bank continue as before. I encourage you to use our mobile and online banking services for your convenience. Please call or email us to discuss your financial needs. We’ve been able to find workarounds for face to face contact situations. We do allow banking by appointment so don’t hesitate to let us know what’s on your mind. Check out our website to send an email directly to our senior management team, lenders, branch managers and our online banking services manager. As always, we will help you with your financial goals.

The Bank has successfully navigated through local and national downturns and crises for over 110 years. We will get through this one together! I wish the best for you and your family. Stay healthy and safe. Thank you for banking with SLB.

Patrick R. Gideon President

Main BankMain BankTopekaTopekaJayhawk Plaza201 NW Hwy 24 Topeka, KS 66608P: 785.232.0102 F: 785.232.4010

GageGageTopeka Topeka 2011 SW GageTopeka, KS 66604 P: 785.272.2270F: 785.272.7303

SouthwestSouthwestTopekaTopeka2100 SW Urish Rd Topeka, KS 66614 P: 785.290.2270F: 785.290.2273

Silver Lake Silver Lake 209 Railroad StSilver Lake, KS 66539P: 785.582.4651F: 785.582.4120

LawrenceLawrence643 Mass St Lawrence, KS 66044 P: 785.330.9901F: 785.330.9905

Email, Call, Stop By Email, Call, Stop By or Visit Us Online or Visit Us Online

www.SilverLakeBank.comwww.SilverLakeBank.comslbank@silverlakebank.comslbank@silverlakebank.com

President’s MessagePresident’s Message

Volume 91Volume 91Fall 2020Fall 2020

Equal Housing Lender • Member FDICEqual Housing Lender • Member FDIC

Page 2Page 2

Home equity: what it is, how it works, Home equity: what it is, how it works, and how to make it benefit youand how to make it benefit youBy Diane Costagliola, courtesy of Bankrate.comTapping into your home’s equity can be a good way to access cash quickly to pay for renovations or improve your financial picture. Home equity is the portion of your home that you’ve paid off. It’s the difference between what the home is worth and how much is still owed on your home loan. For many Americans, equity from homeownership is a key way to build personal wealth over time. As your home’s value increases over the long term and you pay down the principal on the mortgage, your equity grows.How home equity works - The most common ways to access the equity in your home are a home equity line of credit (HELOC), a home equity loan and a cash-out refinance.• A HELOC is a variable-rate home equity loan that

works like a credit card. With a HELOC, you’re given a line of credit that’s available for a predetermined time frame. You’ll pay interest only on the amount outstanding.

• With a home equity loan, you get a lump sum of cash that you must begin repaying immediately. Home equity loans have fixed interest rates, meaning your payments will be the same every month.

• Cash-out refinancing creates a new, larger mortgage on your home. You’ll use this mortgage to pay off your old one and take out the difference in cash.

Why use home equity? Tapping your home equity can be a convenient, low-cost way to borrow large sums at favorable interest rates in order to pay for home repairs or debt consolidation. However, the right type of loan

depends on your specific needs and what you’re planning on using the money for.5 ways to use a home equity loan -There are not many limits on how you can use your home equity, but there are a few good ways to make the most of your loan or line of credit:1. Home improvements - Home improvement is one

of the most common reasons homeowners take out home equity loans or HELOCs. Besides making a home more comfortable for you, upgrades could raise the home’s value and draw more interest from prospective buyers when you sell it later on.

2. College costs - Using home equity to pay for college expenses can be a good, low-interest option if you find better rates than with student loans.

3. Debt consolidation - If you have a significant amount of unsecured debt with high interest rates and you’re having trouble making the payments, it may make sense to consolidate that debt at a substantially lower interest rate, saving yourself money each month.

4. Emergency expenses - If you have an emergency and no other means to come up with the necessary cash, tapping home equity may be the answer.

5. Long-term investments - Home equity may provide a viable way to access the cash needed to finance other investments, such as a second home. But be sure to consider all of your options first and make sure that the investment is a wise one.

To learn more about options for your needs, please contact a Silver Lake Bank lender.

Page 3Page 3

PrimePrime

CurrentCurrent8/21/20208/21/2020

Last MonthLast Month7/21/20207/21/2020

1 year ago 1 year ago 8/21/20198/21/2019

Federal Federal FundsFunds

1 Year 1 Year T-BillT-Bill

5 Year 5 Year NoteNote

10 Year 10 Year NoteNote

DOWDOW

NASDAQNASDAQ

S&PS&P

3.25%3.25% 3.25%3.25% 5.25%5.25%

0.09%0.09% 0.10%0.10% 2.12%2.12%

0.13%0.13% 0.15%0.15% 1.77%1.77%

0.27%0.27% 0.27%0.27% 1.47%1.47%

0.64%0.64% 0.61%0.61% 1.59%1.59%

27,930.3327,930.33 26,840.4026,840.40 26,202.73 26,202.73

11,311.8011,311.80 10,680.36 10,680.36 8,020.218,020.21

3,397.16 3,397.16 3,257.30 3,257.30 2,924.432,924.43

Financial CornerFinancial Corner Zucchini BoatsZucchini BoatsPrep Time: 30 minutesPrep Time: 30 minutes

Makes 4 servingsMakes 4 servingsTotal Time: 60 minutesTotal Time: 60 minutes

IngredientsIngredients• 2 medium zucchini

(approximately 8 inches)

• 3/4 pound ground beef

• 1 small onion, chopped• 1/2 c chopped fresh

mushrooms• 1/2 c chopped sweet

red pepper• 1/2 c chopped green

pepper• 1 c shredded cheddar

cheese, divided• 2 tbsp ketchup• Salt and pepper to

taste

“If you’re looking for a recipe to use up leftovers, my wife and I can recommend this one.” - Matt Manning, Credit Analyst.

DirectionsDirections1. Trim the ends off zucchini. Cut zucchini in half lengthwise;

scoop out pulp, leaving 1/2 inch shells. Finely chop pulp. 2. In a skillet, cook beef, zucchini pulp, onion, mushrooms,

and peppers over medium heat until the meat is no longer pink. Remove from heat and drain. Add in ½ cup cheese, ketchup, salt and pepper; mix well. Spoon into the zucchini shells. Place in a greased 13x9-in. baking dish. Sprinkle with remaining cheese.

3. Bake, uncovered, at 350° until zucchini is tender, 25-30 minutes.

Everything you need to know about Falcon Fraud Protection - Silver Lake Bank is now partnering with Falcon Fraud to provide added security to all of your SLB debit card transactions. Falcon Fraud provides world-class, award-winning technology to detect and prevent fraud. With Falcon Fraud, fraudulent activity can be stopped before you become aware of it. This service is free to all SLB debit card holders. You do not need to enroll or sign-up.Any time suspicious activity occurs; Falcon Fraud, on behalf of Silver Lake Bank, will immediately contact you by text, email and/or phone call to verify the suspicious charge. If you miss the call from Falcon Fraud, they will leave a message with call-back information. If a charge is highly suspect for fraud, they will immediately suspend activity on your card. This has saved people thousands of dollars in fraudulent charges. Falcon Fraud will never ask for social security numbers or other sensitive information. Please be sure to maintain and update your contact information with SLB to avoid any confusion. If your address or phone number has changed, please call the Bank at 785.232.0102.

Falcon Fraud Protection:Falcon Fraud Protection:Watching your back, with Watching your back, with 15,000 calculations per swipe15,000 calculations per swipe

‘SLB has been the best bank to work with regarding closing out mom’s estate! Your staff is patient, kind and easy to work with. This is not the case at other banks.’.... Rhonda

(Regarding SLB email sent to PPP participants) ‘Best email I have received yet from a bank describing the program. Simple and direct. Well done!’ …Mike

‘Out of all the banks I’ve worked with on PPP loans SLB was the friendliest, most knowledgeable and efficient. It’s so easy to work with you!’... Misty

Your feedback is important to us. SLB is always looking to improve the quality of our service and appreciate your comments. Send us an email at slbank@silverlakebank.com or visit our website’s comment section. Thank you!

Banking & BeyondThank you for the compliment!

Page 4Page 4

Meet the newest members of the SLB teamMeet the newest members of the SLB teamMara is one of our newest tellers at our Main Branch, Jayhawk, in North Topeka. She loves unsweet tea, taking long walks with her dogs, and playing tennis. Mara

said if she could have dinner with anyone (living or dead) she would

pick Tyrann Matieu because of the obstacles he has overcome to make it

where he is today.

Mara Gilbreath

Ty is also a teller at our Southwest Branch at 21st and Urish Road in Topeka. Ty enjoys hiking, riding bikes, and anything else to keep him healthy and in shape. Steak

is his favorite meal and he said he would like to have dinner with

Kobe Bryant because he is a huge inspiration and Ty admires his drive and

work ethic.

Ty Redmond

Hope is the newest member of the SLB Team. She is a teller at our Main Branch, Jayhawk, in North Topeka. Her favorite food is shrimp fried rice from Crystal Asian Diner and she is currently reading Archers Voice by Mia Sheridan. She loves her dogs Nikko and Malakai and her favorite souvenir to bring home from a vacation is a shirt or a coffee mug.

Hope TenpennyJennah is the newest full-time teller at our Southwest Topeka Branch. She is most excited about gaining more banking knowledge since she is studying finance and business management at

Washburn University. When asked what her favorite meal was, Jennah

said, “My all-time favorite food would have to be spaghetti, hands down!”

Jennah Ridder

Gabrielle is a Customer Service Representative at our downtown Lawrence Branch. She said she is most excited about working for a locally owned and operated bank. Gabrielle loves all food but lasagna is her favorite. She enjoys spending time with her family and her dog, Maggie, when she’s not working.

Gabrielle Rye

Sharon is our new Assistant Controller in the Accounting Department at the Jayhawk Branch. She retired from the State of Kansas after 25 years and worked for both K-State and KU. She is excited to work for a family owned bank that cares about each and every employee and customer. In her free time, Sharon enjoys spending time with her three grandchildren.

Sharon Parnell