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Dan Stevens is president and CEO of Home Federal Bancorp, the Nampa-based savings and loan holding company that owns federally chartered Home Federal Bank.
Home Federal, which dates from 1920, fields 15 bank offices and two mortgage loan centers in southwest Idaho. The bank employs about 230 and has $745 million in total assets.
Stevens, 63, started in banking just over 35 years ago. He has worked in Iowa (Cedar Rapids and Spencer), Phoenix, Omaha, and - since January 1995 - in Nampa as Home Federal president and CEO. In southwest Idaho, he has served in leadership positions for numerous service organizations.
Stevens serves on the board of America's Community Bankers trade association. He has served on the Twelfth District Federal Home Loan Bank board and on the boards of numerous southwest Idaho nonprofit organizations.
He said he plans to stay in his current post for about 18 months, and then remain as board chairman as Len Williams takes over as president and CEO.
Stevens recently answered some questions about the bank and the industry.
How is business for Home Federal? What's the outlook for 2007 compared to '06?
Business for Home Federal Bank is good. The Treasure Valley market is a very robust and growing market, and presents a good climate for the banking industry and associated businesses. Even though the business climate locally is strong, the flat-to-slightly inverted yield curve (for interest rates across various maturities) generally puts a damper on the banking industry and is presenting a real challenge to earnings growth year-over-year from 2006 to 2007. Banking business in many other regions is experiencing some serious struggles, so we are thankful for our ability to compete in this market where our struggles are not life-threatening to the industry.
What is your assessment of the competitive environment? Is the Boise area "over-banked?"
I wouldn't go so far as to say that the local market is...