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4th Quarter 2018 Shareholder Newsletter

January 2019
Happy New Year! We are proud to share that 2018 was another very strong year for Parkside. A few highlights include:

  • 2018 net income increased 31% in part due to the passage of The Tax Cuts and Jobs Act which lowered the corporate income tax rate, but also due to better overall performance.
  • As planned, the TFO division is an increasingly larger contributor to the bottom line, helping propel growth.
  • There were no loan losses in 2018.
  • We achieved 1.51% Return on Average Assets and 15.67% Return on Average Equity, both better than budget.
  • In December, Parkside Financial, Inc. completed a private placement of $7.0 million in institutionally placed subordinated debt to help support our long-term business plan, providing capital for growth, dividends, stock repurchases and more.
  • Nearly 18,000 shares were sold/purchased between our shareholders and a total of 31,150 shares were tendered in our share repurchase program.
Parkside began 2019 with the addition of two new team members. Meredith Osborn serves as our Director of Human Resources, a new position created to support both our current employee programs as well as our expanding recruiting initiatives. Meredith holds a Master’s Degree in Human Development Counseling from the University of Illinois, a Bachelor’s Degree in Psychology from Southern Illinois University and recently attained her SHRM-SCP, Senior Certified HR Professional certification. She previously served in a similar role for HLK, a local advertising agency. In addition, Jackie Walsh joined our client service team. Jackie offers more than 3 years of experience as both a personal financial representative then regional supervisor at a local credit union. Welcome to Parkside!
As always, should you have any questions or comments, please feel free to contact us.
James C. Wagner - CEO
Andrew S. Hereford - President, Bank
Matthew A. Wagner - President, TFO