Rising Employee Efficiency at Insurors Bank

Insurors Bank's ratio of assets to employees, a standard measure of efficiency in banking circles, has risen once again. With over $40 million in assets and only 10.5 employees, this ratio is now over $3.8 million in assets per employee, a substantial lead over industry averages.

Essentially, the bank's customer base is growing much faster than its workforce, thanks to the bank's use of smart technology to automate many functions. This trend will only accelerate in the future, allowing the bank to continue to control overhead expenses as it scales up to compete even more aggressively.

President and CEO, Mike Qualls, attributes this success to the bank's unique business model. In traditional banks, the most profitable commercial customers often subsidize the expensive branch offices utilized most frequently by the bank's consumer clients. Many of a bank's commercial customers rarely need or use these offices to conduct their banking business. Insurors Bank offers a solution that eliminates the branch network, yet delivers an even higher level of personal service because its representatives bring the bank to the customer's office. With Insurors Bank's model, commercial customers pay only for the services they use.