Luxemburg Bancshares, Inc. Declares Dividend

Luxemburg Bancshares, Inc., parent company of Bank of Luxemburg, announced the approval of a semi-annual dividend of $.51 per share, payable on December 16, 2011, to shareholders of record as of December 5, 2011. The dividend was the same $0.51 per share paid on June 24, 2011.

The Company’s earnings as of September 30, 2011 totaled $1,465,967, which equates to annualized earnings of $1,954,623. The Book Value per share increased to $44.57, with Earnings per share of $2.83, as compared to a Book Value per share of $41.16 and Earnings per share of $2.41, as of September 30, 2010.

President John Slatky noted,

“The dividend reflects an improvement in earnings in 2011 and is an example of the solid financial position of Luxemburg Bancshares, Inc. and Bank of Luxemburg. While the Bank continues to contend with the challenging economy and the current real estate market, the Bank is profitable and expects to remain profitable.”

Luxemburg Bancshares, Inc. and Bank of Luxemburg have banking offices in Luxemburg, Green Bay, Forestville, Dyckesville, Casco and Algoma. The company also operates Raymond James Financial Services, offering financial planning and the sale of alternative investments to its customers in each community.

Get Smart About Credit

How’s your credit?

If you don’t know the answer to that question, it’s time to get smart about credit. Fortunately, Bank of Luxemburg is here to help.

A great way to gain credit knowledge is to get a copy of your credit report. This shows your open lines of credit and gives you the opportunity to find out your credit score. This number helps lenders determine whether you should get certain loans, credit cards or services.

How is your credit score determined? The credit bureaus look at several factors:

• Amount of open credit you have available
• Types of credit you have
• Timeliness of your payments

Each credit-reporting agency has a slightly different version of your credit score, but these ranges will generally apply:

700 – 850: Very good or excellent
680 – 699: Good
620 – 679: Average or OK
580 – 619: Low
500 – 579: Poor
300 – 499: Bad

To improve your credit score, limit the number of credit cards you open and be aware of your open credit. It’s best to close those department store credit cards you’re not using.

The official website to get your free credit report is AnnualCreditReport.com. You also have the option to purchase your credit score when you receive your report.

Our $mart Banking page has a number of resources to help you get smart about credit. Click on Credit/Debit and you’ll be able to listen to several $mart Money podcasts. And you can always stop by your local Bank of Luxemburg with any questions.

Chief Operating Officer Rebecca Edler offers some more suggestions to get smart about credit in this video: