Buy the Home, Rent the Rate

Buy the Home, Rent the Rate What Happened to Mortgage Rates? In early January 2021, mortgage interest rates were at all-time historical lows. Per Freddie Mac’s Primary Mortgage Market Survey, the U.S. weekly average at that time was 2.65% for a 30-year mortgage. Flip the calendar forward to mid-November 2022 and the same 30-year mortgage… Read More

Books of Interest Part VIII: 2023 Winter Reading Recommendations

Books of Interest Part VIII: 2023 Winter Reading Recommendations For the past few years, we have curated a list of our employees’ favorite reads. We are excited to be back again with Part Eight of our “Books of Interest” recommendations list. If you are looking to be captivated by a story or have already binged… Read More

Resolve To Be Cyber Smart in 2023

Resolve To Be Cyber Smart in 2023 With the Holidays in the rear-view mirror and a new year ahead, a lot of people like to make resolutions for change. And as we all know; change can be hard. But when it comes to cybersecurity change may be necessary to prevent bad things from happening. 2022… Read More

Economic Update – Winter 2023 | “Short-Lived Turbulence”

Economic Update – Winter 2023 | “Short-Lived Turbulence” There is no question that 2022 was a difficult year for investors. The rapid rise in interest rates presented significant headwinds to both the stock and bond markets. The Bloomberg Aggregate Bond Index was down 13.1% as of December 31, 2022. The second worst year occurred in… Read More

Purchase with Purpose Check Presentations | Fall 2022 

Purchase with Purpose Check Presentations | Fall 2022 We recently ended our “Purchase with a Purpose” Debit Card Campaign in which a $1.00 donation was made to local charities up to $15,000. We were excited to be able to present checks for $2,500 to 6 non-profit organizations throughout the Rock River Valley! Focus House Focus… Read More

The Importance of a Succession Plan

The Importance of a Succession Plan Succession planning for any business, especially a small privately-owned business, is crucial.  You probably know of at least one business that closed not long after the founder or a key employee fell ill or passed away unexpectedly.  This may have happened despite the business having a long list of… Read More

Stillman Bank’s Christmas Food Drive A Huge Success

Stillman Bank’s Christmas Food Drive A Huge Success In the spirit of giving back this holiday season, we held a food drive to benefit area families this Christmas. 931 pounds of non-perishable food items were collected during the two-week event. Now in its thirteenth year, our annual food drive has collected over 13,000 pounds of food… Read More

Shop Smart and Stay Safe This Holiday Season

Shop Smart and Stay Safe This Holiday Season ‘Tis the season for holiday gifts and shopping! To avoid waiting in lines and traffic, many people opt out of going to malls and choose to shop online. Cyber threat actors (CTAs) are aware of that fact, and it is their time to be active and develop… Read More