Board of Directors

Ms. Baudler Horras has served as a Director of the Company since 2000. She is the President of Baudler Enterprises, Inc., dba Sign Pro, a sign and graphics business located in Ames, Iowa, and the former owner and General Manager of radio stations KASI and KCCQ located in Ames, Iowa, and KIKD located in Carroll, Iowa. She has served on First National Bank's Board of Directors since 1991.

Mr. Benson has served as a Director of the Company since 2011. He retired in 2022 from Nyemaster Goode, P.C., a law firm in Ames, Iowa, of which he served as an attorney assisting clients in real estate, estate planning, estate and trust settlement, tax planning, and charitable giving matters. He served on First National Bank's Board of Directors from 2008-2022.

Ms. Cassabaum has served as a Director of the Company since 2019. She is the Chief Operating and Financial Officer and cofounder of 21st Century Rehab P.C., a provider of physical therapy services with offices predominately located in central Iowa. She has served on State Bank & Trust Co.'s Board of Directors since 2004.

Ms. Eslinger has served as a Director of the Company since 2015. She retired in 2022, last serving as the Chief Financial and Administrative Officer for the Iowa State University Foundation. Prior to joining the Foundation as Controller in 1998, she was a senior manager with the international public accounting firm KPMG LLP, providing audit and consulting services to governmental and not-for-profit entities. She has served on First National Bank's Board of Directors since 2011.

Mr. Hagan has served as a Director of the Company since 2017 and was elected as Chairman of the Board in 2022. He retired in 2019 last serving as the Senior Vice President and Treasurer of Fareway Stores, Inc., a privately owned company operating grocery stores in Iowa, Illinois, Minnesota, and Nebraska. Prior to joining Fareway, he was an Executive Vice President and Director of Citizens National Bank in Boone, Iowa, for five years. Mr. Hagan served on Boone Bank & Trust Co.'s Board of Directors from 2015-2023.

Mr. Miles has been nominated for election as a new director of the Company. He is currently Vice President, Enterprise Strategy, Innovation, and Capital Markets at the Principal Financial Group, with responsibilities for the execution of enterprise and business unit strategy, accelerating innovation, and oversees all aspects of mergers, acquisitions, divestitures, and capital market activities. Prior to joining Principal Financial Group, he served as Vice President, Business Strategy for Prudential Financial. He has served on the board of directors of First National Bank since January 2023.

Mr. Nelson has served as a Director of the Company since 2013. He was appointed President and Chief Executive Officer of the Company in 2018 after having served as the Chief Financial Officer and Secretary of the Company since 1999. He currently serves as Chairman of the Board of State Bank & Trust Co. and United Bank & Trust. He is also a member of the board of directors of both First National Bank and Iowa State Savings Bank.

Mr. Pierschbacher has served as a Director of the Company since 2018. He retired in 2024 after serving as Chief Financial Officer and Secretary of the Company since 2018 and Controller since 2008. Prior to joining the Company, Mr. Pierschbacher served as a Director with RSM, US LLP, and as Chief Financial Officer of a publicly traded bank holding company in Iowa. He also currently serves as Chairman of the Board of Boone Bank & Trust Co and Reliance State Bank.

Mr. Swartz has served as a Director of the Company since 2016. He retired in 2020, last serving as the Chief Executive Officer of Wolfe Clinic PC, a medical clinic headquartered in Marshalltown, Iowa, that specializes in treating eye conditions. Mr. Swartz continues as a special project consultant for Wolfe Clinic, PC. Mr. Swartz has served on United Bank & Trust's Board of Directors since 2003.

Mr. Trost has been nominated for election as a new director of the Company. He owns and operates a large row crop and livestock farm in the Lenox, Iowa area. He has served on the board of directors of Iowa State Savings Bank since 2019.