Bank Directors Seminar, Coeur d'Alene, ID

Plan Example # 2

• Assumptions – Officer

Age 37 – Incentive Contribution (target) 8% of salary – Current Salary $125,000 – Crediting Rate ROE – Two Children

Current Ages 3 and 7 $25,000/year for 4 years for each Child

– Withdrawals for College

– Planned Retirement Age

65

This is a hypothetical illustration and is for informational purposes only.

15 Incentive Deferred Compensation Plan Example # 2 (cont.) Projected Account Age Balance 50 $213,000 55 $281,000 60 $505,000 65 $877,000

©2018Equias Alliance, an NFP Company

Plus withdrawals of $25k/year for 8 years (ages 49-56)

Projected Annual Benefit (15 years)

$78,000

Total Benefits

$1,370,000

The plan can provide that the account balance is forfeited if the officer competes with the bank.

This is a hypothetical illustration and is for informational purposes only.

©2018Equias Alliance, an NFP Company

16