2023-11-14T13:35:40-06:00 2022-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2022-01-01 930241680 OREGON BANKERS ASSOCIATION OREG 5035813522 PO BOX 13429 SALEM OR 97309 LORI KALIHER EVP/CHIEF OPERATING OFFICER 5035813522 2023-11-13 1 LORI KALIHER XXX-XX-XXXX 1 WENDY CAMPOS P00448102 5032421447 2023-11-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LINDA NAVARRO PO BOX 13429 SALEM OR 97309 3227032 0 X WWW.OREGONBANKERS.COM X 1905 OR THE OREGON BANKERS ASSOCIATION ADVOCATES ON BEHALF OF BANKS DOING BUSINESS IN THE STATE OF OREGON. 17 17 9 622 27788 0 0 94803 1587485 2166826 52418 66951 -67632 -38203 1572271 2290377 3375 3250 0 0 1185230 1155282 0 0 0 502201 1038747 1690806 2197279 -118535 93098 5006787 6084242 919349 2085000 4087438 3999242 TO BE THE VOICE OF OREGON BANKING 0 0 CONFERENCES AND EDUCATION: OREGON BANKERS ASSOCIATION (OBA) CONTINUES TO SET THE STANDARD FOR PROVIDING TIMELY, HIGH-QUALITY EDUCATION SPECIFICALLY DESIGNED FOR ITS MEMBERSHIP. OBA'S PROGRAMS LEVERAGE THE TALENTS OF EXPERTS IN THE FIELD OF BANKING AND FOCUS ON LEGISLATIVE AND REGULATORY TRENDS FOR THE ECONOMIC AND BUSINESS CLIMATE IN OREGON. OBA BRINGS EASE OF USE TO MEMBERS WITH THE ASSOCIATION'S MANY WEBINARS AND ONLINE COURSES, WHILE STILL PROVIDING VALUABLE NETWORKING OPPORTUNITIES WITH ITS CONFERENCES, SCHOOLS, SEMINARS AND WORKSHOPS. GOVERNMENT AND ADVOCACY: ON AN ANNUAL BASIS, OBA MONITORS LEGISLATIVE PROPOSALS, ADMINISTRATIVE RULES AND ADVOCATES FOR MEMBER INTERESTS AT BOTH THE STATE AND FEDERAL LEVEL. THESE EFFORTS HELP ENSURE THAT OREGON BANKS ARE ABLE TO DO BUSINESS IN A FAIR AND COMPETITIVE BUSINESS ENVIRONMENT. THIS INCLUDES PARITY IN THE LAWS AND REGULATIONS THAT GOVERN VARIOUS TYPES OF FINANCIAL SERVICE PROVIDERS, AS WELL AS THE OPPORTUNITY TO PROVIDE A BROAD RANGE OF FINANCIAL PRODUCTS AND SERVICES TO OREGONIANS. OTHER BANK SERVICES: OBA KEEPS MEMBERS ABREAST OF CURRENT DEVELOPMENTS IN BANKING PRACTICES AND BANKING LEGISLATION THROUGH PREPARATION AND DISTRIBUTION OF BANKING-RELATED PUBLICATIONS AND NEWSLETTERS. FROM OREGON BANKERS ASSOCIATION'S WEEKLY "FRIDAY FIVE" NEWSLETTER TO ITS QUARTERLY MAGAZINE "BANKING MATTERS", OREGON BANKERS ASSOCIATION IS THE GO-TO SOURCE FOR ALL THINGS OREGON BANKING AND BEYOND. 0 1 0 1 0 0 0 0 0 0 1 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 20 0 1 9 1 1 1 0 0 0 1 1 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X LORI KALIHER 5035813522 PO BOX 13429 SALEM OR 97309 RYAN DEMPSTER SECRETARY/TREASURER 0.50 0.00 X X 0 0 0 GORDON ZIMMERMAN IMMEDIATE PAST CHAIR 1.00 0.50 X X 0 0 0 JOAN REUKAUF CHAIR 0.50 0.50 X X 0 0 0 TED B AUSTIN CHAIR ELECT 0.50 0.50 X X 0 0 0 JEFF BAILEY CHAIR, CBO 0.50 0.50 X 0 0 0 TREY MAUST CHAIR, SBAI 0.50 0.50 X 0 0 0 JEFFREY D SUMPTER PENULTIMATE PAST CHAIR 0.50 0.50 X 0 0 0 CHRIS MERRYWELL DIRECTOR 0.50 0.00 X 0 0 0 DAVID M GORMAN DIRECTOR 0.50 0.00 X 0 0 0 DENISE PORTMANN DIRECTOR 0.50 0.00 X 0 0 0 JEFF DEUEL DIRECTOR 0.50 0.00 X 0 0 0 JEFF LANG DIRECTOR 0.50 0.00 X 0 0 0 JOSHUA LYONS DIRECTOR 0.50 0.00 X 0 0 0 R SHANE CORREA DIRECTOR 0.50 0.00 X 0 0 0 ROBERT HARDING DIRECTOR 0.50 0.00 X 0 0 0 TAWNIE NELSON DIRECTOR 0.50 0.00 X 0 0 0 THOMAS MORAN DIRECTOR 0.50 0.00 X 0 0 0 TRACY CURTIS DIRECTOR 0.50 0.00 X 0 0 0 LINDA NAVARRO PRESIDENT / CEO 28.00 12.00 X 363695 0 83109 LORI KALIHER EVP / CHIEF OPERATING OFFI 28.00 12.00 X 171933 0 35531 ANDREA ROSE SVP - MARKETING & COMM 8.00 32.00 X 111786 0 18325 KEVIN T CHRISTIANSEN VP-GOVERNMENT AFFAIRS DIRE 40.00 0.00 X 123502 0 19827 770916 0 156792 4 0 1 0 0 94803 94803 EDUCATION/CONFERENCES 900099 877386 877386 MEMBER DUES 900099 830447 830447 OTHER PROGRAM REVENUE 900099 458993 458993 2166826 41256 41256 252987 252987 962350 936655 25695 25695 25695 ADVERTISING 541800 27788 27788 EQUITY LOSSES OF SUBSI 900099 -318978 -318978 -291190 2290377 1873543 27788 294243 3250 654268 358128 35105 41136 66645 10248 44924 147817 8138 4767 43335 32099 24046 42544 25577 605866 10490 LEGISLATIVE OTHER 15657 MEALS & ENTERTAINMENT 7624 TRAINING 6971 DUES & SUBSCRIPTIONS 6936 1708 2197279 592334 170761 923574 1661401 48320 33439 245423 310334 1690579 1471546 1506557 1187579 0 1249182 5006787 6084242 291347 308398 111955 91974 516047 1684628 919349 2085000 X 4087438 3999242 4087438 3999242 5006787 6084242 93098 -181295 1 0 X 1 X 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 830447 355860 1789 357649 365397 -7748 0 1187579 C 1187579 RIGHT OF USE ASSETS 1249182 1249182 POSTRETIREMENT HEALTHCARE BENEFITS 8457 LONG-TERM INCENTIVE PLAN 412269 LONG-TERM LEASE LIABILITY 1263902 1684628 X 2100944 -181295 -8138 -189433 2290377 0 2290377 2189141 -8138 -8138 2197279 0 2197279 PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE OBA IS A TAX-EXEMPT ORGANIZATION AND IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES, EXCEPT FOR UNRELATED BUSINESS INCOME, IN ACCORDANCE WITH SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. UNRELATED BUSINESS INCOME TAX, IF ANY, IS INSIGNIFICANT, AND NO TAX PROVISION HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. ALTHOUGH OBA IS A TAX-EXEMPT ORGANIZATION UNDER THE PROVISIONS OF SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, OBA'S SUBSIDIARY, SYNERGY, IS A TAXABLE CORPORATION AND ACCOUNTS FOR INCOME TAXES UNDER THE ASSET AND LIABILITY METHOD. UNDER THE ASSET AND LIABILITY METHOD, DEFERRED INCOME TAXES REFLECT THE FUTURE TAX CONSEQUENCES OF DIFFERENCES BETWEEN TAX BASES OF ASSETS AND LIABILITIES AND THEIR FINANCIAL REPORTING AMOUNTS AT EACH YEAR-END. AS OF DECEMBER 31, 2022, TAX YEARS 2019, 2020, AND 2021 REMAIN OPEN FOR EXAMINATION BY TAX AUTHORITIES. NO CURRENT EXAMINATIONS ARE IN PROCESS. DEFERRED INCOME TAX ASSETS AND LIABILITIES ARE REFLECTED AT CURRENTLY ENACTED INCOME TAX RATES APPLICABLE TO THE PERIOD IN WHICH THE DEFERRED INCOME TAX ASSETS AND LIABILITIES ARE EXPECTED TO BE REALIZED OR SETTLED. AS CHANGES IN TAX LAWS OR RATES ARE ENACTED, DEFERRED INCOME TAX ASSETS AND LIABILITIES ARE ADJUSTED THROUGH THE PROVISION FOR INCOME TAXES. A VALUATION ALLOWANCE IS RECORDED AGAINST DEFERRED TAX ASSETS WHEN MANAGEMENT ESTIMATES THAT IT IS MORE LIKELY THAN NOT THAT TAXABLE INCOME WILL NOT BE SUFFICIENT TO UTILIZE NET OPERATING LOSSES WITHIN A REASONABLE PERIOD OF TIME, OR PRIOR TO THE EXPIRATION OF SUCH NET OPERATING LOSSES. THE ASSOCIATION APPLIES THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10, INCOME TAXES, RELATING TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE ASSOCIATION RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE ASSOCIATION RECOGNIZES INCOME TAX RELATED INTEREST AND PENALTIES, IF ANY, IN OTHER EXPENSES IN THE ACCOMPANYING CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES X 1 1 X X X 0 1 0 LINDA NAVARRO PRESIDENT / CEO 320994 0 36150 0 6551 0 73160 0 9949 0 446804 0 0 0 LORI KALIHER EVP / CHIEF OPERATING OFFI 152336 0 19597 0 0 0 25828 0 9703 0 207464 0 0 0 PART I, LINE 1A THE ORGANIZATION PAYS FOR TRAVEL EXPENSES OF THE PRESIDENT'S SPOUSE FOR UP TO TWO BUSINESS TRIPS PER YEAR. AMOUNTS PAID FOR COMPANION TRAVEL ARE INCLUDED AS TAXABLE INCOME FOR THE PRESIDENT. PART I, LINE 4B TWO MEMBERS OF EXECUTIVE MANAGEMENT PARTICIPATE IN A 457(F) PLAN. CONTRIBUTIONS FOR 2022 - LORI KALIHER $13,481, LINDA NAVARRO $50,199 FOR TOTAL OF $63,680 DISTRIBUTIONS IN 2022 - LORI KALIHER $20,335, LINDA NAVARRO $79,024 FOR A TOTAL OF $99,359 FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION'S MEMBERSHIP CONSISTS OF ACTIVE MEMBERS, AFFILIATE MEMBERS, ASSOCIATE MEMBERS AND HONORARY MEMBERS. ACTIVE MEMBERS CONSIST OF FDIC DEPOSITORY INSTITUTIONS ENGAGING IN BANKING BUSINESS IN OREGON. FORM 990, PART VI, SECTION A, LINE 7A ONLY ACTIVE MEMBERS SHALL HAVE THE RIGHT TO VOTE FOR THE OFFICERS AND THE MEMBERS OF THE BOARD OF DIRECTORS. EACH ACTIVE MEMBER SHALL BE ENTITLED TO ONE VOTING DELEGATE WHICH MUST BE AN OFFICER, DIRECTOR OR TRUSTEE OF THE MEMBER REPRESENTED. ACTIVE MEMBERS CAN ALSO VOTE TO REMOVE ANY OFFICER OF THE ASSOCIATION. AFFILIATE, ASSOCIATE AND HONORARY MEMBERS ARE NOT ENTITLED TO VOTE. FORM 990, PART VI, SECTION A, LINE 7B ONLY ACTIVE MEMBERS SHALL HAVE THE RIGHT TO VOTE FOR THE OFFICERS AND THE MEMBERS OF THE BOARD OF DIRECTORS. EACH ACTIVE MEMBER SHALL BE ENTITLED TO ONE VOTING DELEGATE WHICH MUST BE AN OFFICER, DIRECTOR OR TRUSTEE OF THE MEMBER REPRESENTED. ACTIVE MEMBERS CAN ALSO VOTE TO REMOVE ANY OFFICER OF THE ASSOCIATION. AFFILIATE, ASSOCIATE AND HONORARY MEMBERS ARE NOT ENTITLED TO VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE FINANCE, AUDIT AND COMPLIANCE COMMITTEE ON BEHALF OF THE BOARD OF DIRECTORS PRIOR TO ITS FILING. ALL BOARD MEMBERS RECEIVE A COPY OF THE FORM 990 AFTER IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C PERSONS COVERED BY THE CONFLICT OF INTEREST POLICY MUST ANNUALLY DISCLOSE THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. THEY MAY PROVIDE A LIST OF FAMILY MEMBERS, ANY SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS, AND/OR OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS OR THOSE OF FAMILY MEMBERS. THE INDIVIDUAL DISCLOSES TO OR PROVIDES AN UPDATE TO THE BOARD CHAIR ON A FORM PROVIDED BY THE ASSOCIATION. FOR EACH INTEREST DISCLOSED TO THE BOARD CHAIR, THE CHAIR WILL DETERMINE WHETHER TO: (A) TAKE NO ACTION; (B) ASSURE FULL DISCLOSURE TO THE BOARD OF DIRECTORS AND OTHER INDIVIDUALS COVERED BY THIS POLICY; (C) ASK THE PERSON TO RECUSE FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE ASSOCIATION; OR (D) ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION IN THE ASSOCIATION OR, IF THE PERSON REFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL IN ACCORDANCE WITH THE ASSOCIATION'S REMOVAL PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 TOP MANAGEMENT, OFFICER AND KEY EMPLOYEE COMPENSATION IS DETERMINED BASED ON BOARD REVIEW IN CONJUNCTION WITH A SALARY SURVEY. PRESIDENT/CEO COMPENSATION MUST BE APPROVED BY THE BOARD GOVERNANCE COMMITTEE. THIS REVIEW PROCESS IS CONDUCTED ON AN ANNUAL BASIS. IN THE CURRENT YEAR, THE REVIEW WAS CONDUCTED MARCH 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. AUDITED FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. COMMUNITY BANKS OF OREGON PO BOX 13429 SALEM OR 97309 936032250 PROMOTE INTERESTS OF BANKS CHARTERED UNDER OREGON LAW OR 0 0 OREGON BANKERS ASSOCIATION OBA EDUCATION FOUNDATION PO BOX 13429 SALEM OR 97309 930910219 SUPPORT FINANCIAL LITERACY PRGMS & DEV/RECRUITMENT OF FUTURE OR BANKERS OR 501(C)(3) 509(A)(2) OREGON BANKERS ASSOCIATION 0 SYNERGY BY ASSOCIATION INC PO BOX 13429 SALEM OR 97309 930956678 SALES OF BANK-RELATED PRODUCTS AND SERVICES OR OREGON BANKERS ASSOCIATION C -333620 1548849 1.00000 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 SYNERGY BY ASSOCIATION INC A 252987 CASH TRANSFERRED SYNERGY BY ASSOCIATION INC L 449631 CASH TRANSFERRED SYNERGY BY ASSOCIATION INC O 449631 CASH TRANSFERRED