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Pathward Financial, Inc.

cash · NASDAQ Financial Services
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Ticker cash
Exchange NASDAQ
Sector Financial Services
Industry Banks - Regional
Employees 1155
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FY2014 Annual Report · Pathward Financial, Inc.
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2 0 1 4   S U M M A R Y   A N N U A L   R E P O R T

opportunity

moving forward

Company Profile

  Meta Financial Group, Inc.® (MFG or 
the Company) is the holding company 
for MetaBank®, a federally chartered 
savings bank. MFG shares are traded 
on the NASDAQ Global Market® under 
the symbol “CASH.” 
  Headquartered in Sioux Falls, S.D., 
MetaBank operates two distinct busi-
nesses: MetaBank, its traditional retail 
banking operation, and Meta Payment 
Systems®, its electronic payments divi-
sion. The synergies between the two 
provide a unique business model for 
the Company. 

The traditional bank operates 11 retail 

branches in four market areas: Central 
Iowa; Northwest Iowa; Brookings, S.D. 
and Sioux Empire, S.D. MetaBank offers 
traditional banking services designed 
to serve the needs of individual, agri-
cultural and business depositors and 
borrowers. 
  Meta Payment Systems (MPS) is 
recognized as a national leader in the 
payments industry. It manages four 
primary product lines: prepaid cards, 
credit products, automated teller 
machine (ATM) sponsorship and elec-
tronic funds transfer (EFT) business. 
MPS provides financial options to 

underserved customers who do 
not qualify for or choose not to use 
traditional banking services.
  Meta’s vision is to promote 
financial inclusion for everyone™. In 2014, 
MetaBank was recognized as one of 
the top 100 performing banks in the 
United States compared to other banks 
its size (ABA Banking Journal, 2014; Bank 
Director Magazine, 2014).  Meta Payment 
Systems consistently ranks as one of 
the top two prepaid card issuers in the 
United States and has the largest “white 
label” ATM network in the nation. 

MetaBank is a Member FDIC and an Equal Housing Lender.

META FINANCIAL 
GROUP, INC.

METABANK®

AFS / IBEX*

RETAIL BANK

META PAYMENT SYSTEMS®

NORTHWEST IOWA
MARKET

CENTRAL IOWA MARKET

BROOKINGS MARKET

SIOUX EMPIRE MARKET

2014 Summary Annual Report and Forward-Looking Statements

MFG may from time to time make written or oral “forward-looking statements,” including statements contained in its filings with the Securities and Exchange 
Commission (“SEC”), in its reports to shareholders, in this summary annual report and in other communications by the Company, which are made in good faith 
by the Company pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements 
by words such as “may,” “hope,” “will,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential,” “continue,” “could,” “future” 
or the negative of those terms or other words of similar meaning. You should read statements that contain these words carefully, because they discuss our 
future expectations or state other “forward-looking” information. These forward-looking statements include statements with respect to the Company’s beliefs, 
expectations, estimates and intentions that are subject to significant risks and uncertainties, and are subject to change based on various factors, some of which 
are  beyond  the  Company’s  control.    Discussions  of  factors  affecting  the  Company’s  business  and  prospects  are  contained  in  the  Company’s  periodic  filings 
with the SEC. The Company expressly disclaims any intent or obligation to update any forward-looking statement, whether written or oral, that may be made 
from time to time by or on behalf of the Company or its subsidiaries.

*Announced acquisition, pending expected December 2014 closing. As of printing date November 24, 2014.

 
 
To Our Shareholders and Customers of Meta Financial Group

  Opportunity is defined as the favorable combination of circumstances that make it possible for  

success. At Meta, opportunity has always moved us forward in everything we do, whether it is strategic  

acquisitions and partnerships, delivering new and improved products and services to our customers  

or diversifying our revenue streams to further capitalize on our low cost of funds. I believe that when  

the Office of the Comptroller of the Currency (OCC) lifted the bank’s consent order in August 2014,  

it opened the door to new opportunities for Meta. We believe 2015 will offer even more exciting  

opportunities to further enhance Meta’s growth, diversification and long-term objectives.

  Meta is well-positioned, and we are ready to begin the next chapter in our history. Over the past four 

years, we have worked diligently to build what we think are world-class systems, processes and controls 

while providing best-in-class service to our partners and customers. Particularly in the last year, we  

have been preparing for life and opportunities in anticipation of the lifting of the order. In August and 

September 2014, Meta signed three new program manager agreements with UniRush, LLC; Card Limited; 

and hyperWALLET (HSI USA Inc.). In July 2014, we issued our 500 millionth prepaid card.

In October 2014, Meta announced that it will acquire substantially all of the assets of AFS/IBEX Financial 

Services, Inc. (AFS). AFS is a top-10 national commercial insurance premium finance company. Meta is  

excited to join forces with AFS, and we believe that this national insurance premium finance company  

is a perfect complement to our national deposit franchise. We believe that AFS will help diversify, build our 

loan portfolio and enhance income. Meta is purchasing approximately $80 million of loans, and the expected 

ongoing loan growth will further replace lower-yielding securities on our balance sheet. We expect the 

transaction to close in December 2014, and we believe it will be immediately accretive to earnings.

I continue to believe that our lower and more stable cost of funds gives us a very distinct and signifi-

cant competitive advantage, both now and even more so in a rising rate environment. With more than  

85 percent non-interest-bearing deposits, we expect that Meta’s cost of funds will remain low while asset 

yields increase, thus providing potential for increasing net interest margin compared to other banks, as 

was demonstrated in 2014. Meta has the capacity to fund and support new growth, and we will continue 

to invest in our people, technology and infrastructure to support new opportunities and business devel-

opment that we believe will provide you, our shareholders, with a brighter and more profitable future.

I personally want to thank Jeanne Partlow, who is retiring in January 2015, after almost 20 years of  

dedicated service on the Board of Directors. While we will miss Jeanne greatly, we are welcoming 

Elizabeth “Betty” Hoople, who brings extensive payments, banking and leadership expertise and experi-

ence to the Board of Directors. I also want to take this opportunity to thank our other board members, 

employees, customers and shareholders for another outstanding year. Thank you for all you do to make 

Meta the success it is today. 

Sincerely,

J. Tyler Haahr
Chairman of the Board and
Chief Executive Officer
Meta Financial Group, Inc.

J. Tyler Haahr is the Chairman  
of the Board and Chief Executive 
Officer of Meta Financial Group, 
Inc. (MFG), and MetaBank. He  
has held this position since 2011. 
Mr. Haahr joined MFG and its  
affiliates in 1997.

 
 
 
2014 Fiscal Year Highlights

Meta achieved many successes in 2014, despite the limitations under the OCC order. A few highlights from our 

2014 fiscal year include:

•  Total net income increased from $13.4 million in fiscal year 2013 to $15.7 million in 2014, up 17%. This was mainly 

driven by growth from our Retail Bank and improved yields achieved in the securities portfolio. Net income for 

2014 also includes acquisition-related expenses of $0.6 million and $0.3 million of one-time expenses related to 

a partner servicing platform change and settlement of a lawsuit where MetaBank was the plaintiff and settled 

for a lower amount to avoid the cost of litigation. In addition, prior-year income included $2.5 million of gain on 

sale of securities and a $0.6 million impairment on assets held for sale. Excluding these items, net income after 

tax was up $4.1 million, or 33%, to $16.3 million.

•  Total assets increased 21%, from $1.69 billion at the end of fiscal 2013 to $2.05 billion at the end of 2014. 

•  Earnings per diluted share for fiscal 2014 increased 6% to $2.53, versus $2.38 in 2013.

•  Tangible book value per common share increased by $4.74, or 21%, from $23.17 at September 2013 to $27.91 per 

share at September 2014, partially due to a sizable increase in fair market value of available-for-sale securities, 

which positively affected accumulated other comprehensive income.  

•  Overall cost of funds at MetaBank was 0.14% during fiscal 2014, compared to 0.19% for 2013.

•  Total net loans increased $112.6 million, or 30%, in fiscal 2014. Meta took $1.1 million in provision expense related  

to loan growth, as the company actually had $0.3 million of net recoveries in 2014.

•  Non-performing assets (NPA) were unchanged at 0.05% of total assets at Sept. 30 of 2013 and 2014.

•  At Sept. 30, 2014, MetaBank exceeded federal regulatory capital requirements to remain classified as a  

well-capitalized institution. In that respect, MetaBank’s Tier 1 (core) capital to adjusted total assets was 8.6%, 

compared to a well-capitalized requirement of 5%. Its total capital-to-risk-weighted-assets ratio was 21.59%, 

which exceeds the well-capitalized requirement of 10%. And MetaBank’s Tier 1 (core) capital-to-risk-weighted-

assets ratio was 20.95%, compared to the well-capitalized requirement of 6%. MetaBank’s Tier 1 (core) capital- 

to-average-adjusted-total-assets ratio was 8.83%.

2 / 3 M E TA  FI NAN CIAL  G RO U P  2014  SUMMARY  ANNUAL  R EPO R T   

Financial Highlights

(Dollars in Thousands, Except Share and Per-Share Data)

AT SEPT. 30 
Total assets 
Total loans, net 
Total deposits 
Total annual average deposits 
Shareholders’ equity 
Book value per common share 
Total equity to assets 

FOR THE FISCAL YEAR 
Net interest income 
Non-interest income 
Income (loss), net of tax 

Diluted earnings (loss) per share: 
Net income (loss) 

Return on average assets 
Return on average equity 
Net yield on interest-earning assets 

2014  

  2013  

2012  

2011 

2010 

$ 2,054,031 
  493,007 
 1,366,541 
 1,533,263 
  174,802 
28.33 
$ 
8.51% 

$ 1,691,989 
  380,428 
 1,315,283 
 1,395,152 
  142,984 
23.55 
8.45% 

$ 

$ 1,648,898 
  326,981 
 1,379,794 
 1,214,233 
  145,859 
26.79 
8.85% 

$ 

$ 1,275,481 
  314,410 
 1,141,620 
  979,199 
  80,577 
25.61 
6.32% 

$ 

$ 1,029,766
  366,045
  897,454 
  835,968 
  72,044 
23.15 
7.00% 

$ 

$  46,262 
51,738 
15,713 

$  36,022 
55,503 
13,418 

$  33,734 
69,574  
17,114 

$  34,312 
57,491 
4,640 

$  33,090 
97,444 
12,393 

$ 

 2.53 

2.38 

4.92 

1.49 

4.11 

0.81% 

10.01 
2.80 

0.78% 
9.36 
2.48 

1.22% 

18.47 
2.56 

0.41% 
5.71 
3.21 

1.22%

  20.59
3.43

TOTAL ASSETS 
In Millions 

TOTAL LOANS, NET 
In Millions 

TOTAL AVERAGE
DEPOSITS  In Millions

.

9
8
4
6
1
$

,

5

.

5
7
2
1
$

,

.

0
4
5
0

,

2
$

0

.

2
9
6
1
$

,

.

0
3
9
4
$

.

4
0
8
3
$

.

0
6
6
3
$

.

0
7
2
3
$

.

4
4
1
3
$

3

.

3
3
5
1
$

,

2

.

5
9
3
1
$

,

2

.

4
1
2
1
$

,

.

2
9
7
9
$

.

0
6
3
8
$

.

8
9
2
0
1
$

,

’10

’11

’12

’13

’14

’10

’11

’12

’13

’14

’10

’11

’12

’13

’14

TOTAL REVENUES 
In Millions 

TOTAL NET INCOME
In Millions

5

.

6
3
1
$

6

.

6
9
$

.

9
6
0
1
$

5

.

4
9
$

.

4
0
0
1
$

.

1
7
1
$

.

7
5
1
$

.

4
3
1
$

4

.

2
1
$

6

.

4
$

’10

’11

’12

’13

’14

’10

’11

’12

’13

’14

This summary annual report highlights information contained in MFG’s Form 10-K for the year ended Sept. 30, 2014, and does not contain all of the information 
you should consider in making investment decisions with respect to MFG’s common stock. You are urged to read our entire Form 10-K, including the consoli-
dated financial statements and the related notes and the information set forth under the headings “Risk Factors” and “Management’s Discussion and Analysis 
of Financial Condition and Results of Operations.”

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Offering the right product, for the 
right people, at the right price

M E TA   PAY M E N T   S Y S T E M S

Meta Payment Systems (MPS) continues to pave the way as one  
of the top two prepaid card issuers in the nation (The Nilson Report,  
June 2014), and has issued more than 500 million prepaid cards since 
2005. We sponsor approximately 190,000 “white label” ATM terminals 
throughout the United States and are leading the way in virtual  
cards for electronic settlements.

  We recently added new program manager 
partners; we are proud to welcome UniRush, 
LLC; Card Limited; and hyperWALLET (HSI USA 
Inc.) into the fold of our already best-in-class 
partnerships. We expect to continue to add  
and expand partner relationships and continue 
to explore new product and service opportuni-

ties to promote our corporate vision of financial 
inclusion for everyoneTM, as well as extend  
financial dignity for the underbanked popula-
tion. We believe MPS will continue to do well 
fiscally by supporting the unbanked and 
underbanked markets.

•  MPS generated an average of $1.30 billion in non- 
interest-bearing deposits for the year ended Sept. 
30, 2014, compared to an average of $1.17 billion 
for the same period in 2013, an increase of 11% 
with deposit growth accelerating in the fourth  
fiscal quarter.

•  MPS fiscal 2014 earnings totaled $7.7 million  
compared to $8.4 million in fiscal 2013. This  
difference primarily relates to costs related to  
system enhancements and business development 
expenses incurred in fiscal 2014 and consulting 
and other compliance expenses along with a 
reduction in tax-related prepaid card volume  
related to one partner.

Average Low-Cost 
Deposit Balances

In  Millions

.

4
3
9
3
1
$

,

.

7
5
6
2
1
$

,

.

9
0
9
0
1
$

,

.

6
8
4
8
$

.

1
9
8
6
$

’10 ’11 ’12 ’13 ’14

4 / 5 M E TA  FI NAN CIAL  G RO U P  2014  SUMMARY  ANNUAL  R EPO R T   

State-of-the-art compliance and 
risk-management systems

C O M P L I A N C E

We have established state-of-the-art compliance and risk-manage-
ment systems to mitigate risk, meet regulatory standards and enable 
our organization to grow more cost effectively while navigating 
through the ever-changing and challenging regulatory environment. 
While no system is ever foolproof, these systems will further strength-
en Meta’s industry-leading position going forward and will also  
create additional barriers to entry.

  Over the past few years we have made signif-
icant investments in systems and staff, which  
will serve as a solid foundation moving forward. 
With one of the largest prepaid portfolios in the 
industry, we have the benefit of scale that has 
enabled us to identify suspicious transactions 
and activity with a high degree of accuracy and 

protect consumers and our business partners. 
There are four main areas where our invest-
ments have been significant and have made  
us a best-in-class organization: fraud prevention, 
third-party oversight, customer identification 
and process improvement.

•  Fraud prevention – We monitor for financial crime 
using a world-class system in which we’ve invested 
millions of dollars and almost two years imple-
menting and customizing.  

•  Third-party oversight – We utilize a robust  
system and processes for underwriting and  
analyzing third-party risk to help ensure that  
our partners meet regulatory requirements.

•  Customer identification – We have increased our 

visibility into our customer relationships and  
automated the customer identification and  
customer due diligence processes.

•  Process improvement – We have gained  

efficiencies by utilizing best-in-class method- 
ology to clearly define processes that help 
  our business and partners gain efficiencies 
  by developing industry-wide best practices.

We do this in order to exceed regulatory requirements, reduce  
the burden on our partners and to protect our customers.

6 / 7 M E TA  FI NAN CIAL  G RO U P  2014  SUMMARY  ANNUAL  R EPO R T   

Every customer leaves saying,
 “I love my bank!”

R E TA I L   B A N K

Meta’s Retail Bank continues to experience growth and increasing 
profitability. We had significant growth in fiscal 2014 and recognized  
earnings of $8.7 million, compared to $5.9 million for 2013. The 
primary driver of this success was due to the dramatic growth in loan 
volume. Even with loan growth of approximately 30 percent, we 
were able to maintain pristine credit quality.

  Meta is a cornerstone in many communities 
in South Dakota and Iowa. Our 11 branches 
serve four markets and assist primarily business 
and agricultural customers, as well as individuals, 
through a broad array of products and services. 
  We are dedicated to providing quality cus-
tomer service and delivering on the Retail Bank 
vision: Every customer leaves saying, “I love  
my bank!” Employee dedication is working, as 
our Net Promoter Score (NPS) is 57, while the 

national financial institution average is 34*. 
Higher scores on the NPS denote higher  
likelihood of healthy profits and organic growth 
opportunities and referrals from current custom-
ers. This service is indicative of Meta’s outstand-
ing retail performance over the past year. We 
have also expanded several of our technology 
platforms over the past year and now offer  
customers an enhanced metabank.com  
experience and updated mobile application.

•  Meta experienced dramatic loan growth during  
fiscal 2014. Loan balances increased by approxi-
mately 30% to $493 million in 2014, with robust 
growth expected to continue. 

•  Even with dramatic loan growth, credit quality 
remains pristine, and NPA remained at 0.05% of 
total assets at fiscal year-end. 

•  Meta’s net interest margin (NIM) increased from 
2.50% in the fiscal 2013 fourth quarter to 2.85%  
in fiscal 2014 fourth quarter, while the banking  
industry saw NIM narrow.  

•  The Retail Bank was very successful in growing 
low-cost funds with checking account balances  
up 11% year over year.

*Source: Satmetrix Net Promoter® U.S. Consumer Benchmarks, 2014

Non-Performing Assets

Loan Balances

As a Percentage of Total Assets

For Retail Bank

Ag Operating: 9%

Commercial Operating: 6%

Residential Mortgage: 24%

%
4
2
1

.

%
4
9
0

.

%
6
1
0

.

%
5
0
0

.

%
5
0
0

.

Consumer: 4%

Ag Real Estate: 11%

’10 ’11 ’12 ’13 ’14

Commercial & Multi-Family Real Estate: 46%

8 / 9 M E TA  FI NAN CIAL  G RO U P  2014  SUMMARY  ANNUAL  R EPO R T   

S U P P O R T I N G   O U R   C O M M U N I T I E S 

A N D   F I N A N C I A L   I N C L U S I O N   F O R   E V E R YO N E

Meta embraces corporate responsibility and strives to execute on  
its goal of helping others succeed. We do this by engaging in  
philanthropy throughout the communities we serve, as well as 
through participation in national organizations that support our 
vision of financial inclusion for everyone TM.

  Meta supports organizations in Sioux Falls, 
Brookings, Storm Lake and Central Iowa that assist 
in health and human services, education, arts and 
culture, community engagement and housing. 
Employees volunteered more than 3,790 hours 
during fiscal 2014. 

  Meta’s employees also developed an internal 
program in which employees pool their money 
to donate to local charities in their respective 
communities. Charities are selected by employ-
ees and focus on areas that, among others, assist 
children, families and homeless individuals in need.

  Meta’s commitment to its vision is lived out 
through its participation in efforts to bring 
useful and worthwhile financial products and 
services to the unbanked and underbanked.
  Meta supports Operation HOPE, an organi-
zation that provides best-in-class financial 
literacy, youth empowerment and financial 
capability and dignity for low- to middle-
income working class and underserved  
communities. In September 2014, Meta  
sponsored a community dialogue with the 
organization’s founder, John Hope Bryant, in 
Sioux Falls, S.D. The session drew community 
leaders and focused on thought leadership 
and prosperity for all citizens.
  We also have a longstanding commitment 
to the Compass Principles set forth by the 
Center for Financial Services Innovation (CFSI), 
an organization whose mission is to advance 
consumer financial health in the United States. 
Having contributed to the creation of the 
Compass Principles for prepaid, small-dollar 
credit and payroll products, Meta commits 

annually to supporting the Innovators Roundtable, 
CFSI’s coming together of financial services 
companies to develop research, strategic think-
ing and special projects designed to advance 
the industry’s underbanked knowledge and 
practice.

In addition, Meta now has representation 
on the Underbanked Solutions Exchange. The 
exchange, which Meta has sponsored for five 
years, offers mid-sized banks and credit unions 
the chance to share in-depth knowledge with 
peer institutions and talk about best practices 
in the underserved financial services market.
  Meta continues to develop the best possible 
financial solutions for underserved consumers  
by gaining insight from the Office of the 
Comptroller of the Currency, the Consumer 
Financial Protection Bureau and many consumer 
groups. We do this to ensure we are bringing 
forth products and services that meet regula-
tory requirements and meet the needs of all 
consumers.

10 / 11 M E TA  FI NAN CIAL  G RO U P  2014  SUMMARY  ANNUAL  R EPO R T   

 
Investor Information

Annual Meeting of Shareholders

Shareholder Services 

Investor Relations

The Annual Meeting of Shareholders 
will convene at 1 p.m., on Monday,  
Jan. 26, 2015.  The meeting will be held 
in the Meta Payment Systems building, 
5501 South Broadband Lane, Sioux Falls,  
S.D. Further information with regard 
to this meeting can be found in 
the proxy statement.

Independent Auditors

KPMG LLP
2500 Ruan Center
666 Grand Avenue
Des Moines, Iowa  50309-2372

Shareholders desiring to change the name, 
address or ownership of stock; to report 
lost certificates; or to consolidate accounts 
should contact the corporation’s transfer 
agent:

Registrar & Transfer Company
10 Commerce Drive
Cranford, N.J.  07016
Telephone: 800.368.5948
Email: invrelations@rtco.com
Website: www.rtco.com

Form 10-K

Copies of the company’s Annual Report  
on Form 10-K for the year ended Sept. 30, 
2014 (excluding exhibits thereto), may be 
obtained from metafinancialgroup.com.

Dividend and Stock Market Information

Requests for Form 10-K, other inquiries  
or investor comments are welcome and 
should be directed to:

Debra Thompson
Senior Executive Assistant
Meta Financial Group
5501 South Broadband Lane
Sioux Falls, S.D.  57108
Telephone: 605.361.4347 or 866.550.6382
invrelations@metabank.com
metafinancialgroup.com

Meta Financial Group’s common stock 
trades on the NASDAQ Global Market® 
under the symbol “CASH.”  Quarterly  
dividends for 2014 and 2013 were 
$0.13. The price range of the common 
stock, as reported on the NASDAQ 
System, was as follows:

Fiscal  Year 2014 
LOW 

HIGH 

Fiscal  Year 2013
LOW 

HIGH 

    First Quarter 

    Second Quarter 

    Third Quarter 

    Fourth Quarter 

$  36.54 

$  40.88  

$ 22.50 

$   24.90

38.07 

35.04 

34.85 

45.99  

45.34  

40.06  

22.50 

26.00 

26.18 

26.56

27.68

38.57

Prices disclose inter-dealer quotations 

without retail mark-up, mark-down or  
commissions and do not necessarily  
represent actual transactions. 
  Dividend payment decisions are made 
with consideration of a variety of factors, 
including earnings, financial condition, 
market considerations and regulatory 

restrictions. Restrictions on dividend  
payments are described in Note 14 of  
the Notes to Consolidated Financial  
Statements included in our Annual  
Report on Form 10-K.

As of Sept. 30, 2014, Meta Financial 
Group had 6,169,604 shares of common 
stock outstanding, which were held by 

approximately 150 stockholders of record, 
and 235,766 shares subject to outstanding 
options. The shareholders of record num-
ber does not reflect approximately 1,200 
persons or entities that hold their stock in 
nominee or “street” name.

	 ›› Comparison of Cumulative Total Return of Meta Financial Group

(NASDAQ symbol: “CASH,” broad market and industry index)

For five fiscal years commencing Oct. 1, 2009, and ending Sept. 30, 2014 
Shows the value of $100 invested on Oct. 1, 2009, and assumes the reinvestment of all dividends

275
250
225
200
175
150
125
100
75
50

NASDAQ ABA Community  
Bank Index

          Meta Financial Group, Inc.

          NASDAQ Composite Index

Morningstar Group Index

Market Makers for Meta Financial Group 
(NASDAQ:  “CASH”) as of Sept. 30, 2014: 

•  Sandler O’Neill & Partners
•  Sterne Agee
•  Raymond James
•  Morgan Stanley & Co. LLC
•  Credit Suisse Securities USA
•  Merrill Lynch, Pierce, Fenner
•  Deutsche Bank Alex Brown
•  UBS Securities LLC
•  Goldman, Sachs & Co.
•  J.P. Morgan Securities LLC

2009  

2010 

2011 

2012 

2013 

2014

Historical stock price performance shown on the graph is not necessarily indicative of future price performance.
The Company is replacing the Morningstar Savings & Cooperative Bank information as an industry index with the NASDAQ ABA Community Bank Index.  
The Company believes the new index contains companies that are more comparable to the Company.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Board of Directors / Senior Officers

BOARD OF DIRECTORS

SENIOR OFFICERS

J. Tyler Haahr
Chairman of the Board and 
Chief Executive Officer, 
Meta Financial Group and MetaBank

J. Tyler Haahr
Chairman of the Board and 
Chief Executive Officer, 
Meta Financial Group and MetaBank

Brad C. Hanson
President,  
Meta Financial Group and MetaBank

Brad C. Hanson
President, 
Meta Financial Group and MetaBank

Troy Moore
Executive Vice President, Sales and  
Operations, Meta Financial Group  
and MetaBank

Doug Hajek
Partner at Davenport, Evans,  
Hurwitz & Smith, LLP

Elizabeth G. Hoople
Consultant and Retired Senior Vice  
President of Marketing, Wells Fargo

Frederick V. Moore
Vice Chairman of the Board and Lead 
Director, Meta Financial Group and 
MetaBank, President of Buena Vista  
University

Rodney G. Muilenburg
Retired Dairy Specialist Manager,  
Purina Mills, Inc.; Retired Consultant, 
TransOva Genetics Dairy Division and 
Retired Director of Sales and Marketing, 
TransOva Genetics  

Jeanne Partlow
Retired Chairman of the Board and  
President, Iowa Savings Bank

Ron Butterfield
Executive Vice President,  
Chief Administrative Officer

Ira Frericks
Executive Vice President,  
Chief Operating Officer

Glen Herrick
Executive Vice President,  
Chief Financial Officer

Troy Moore
Executive Vice President, 
Sales and Operations

Jim Accordino
Senior Vice President,  
Remittances

Michael Conlin
Senior Vice President, 
Product Management

Merid Eshete, CRP
Senior Vice President,  
Chief Risk Officer

John Hagy
Senior Vice President,  
Chief Legal Officer

Barbara Koopman
Senior Vice President,  
Retail Bank Operations

Troy Larson
Senior Vice President,  
Information Systems

David W. Leedom
Senior Vice President, 
Finance

Linda Loof
Senior Vice President, 
Partner Services

Steven G. Patterson
Chief Lending Officer and President, 
Central Iowa Market

Timothy Peters
President, 
Brookings Market

Grant Rogers
Senior Vice President,  
Business Development & Sales

Scott Scovel
Senior Vice President,  
Product Management

Jeanni Stahl
Senior Vice President,  
Chief Compliance Officer

Ian Stromberg
Senior Vice President, 
Human Resources

Sonja Theisen
Senior Vice President,  
Controller

Kathryn M. Thorson
President,   
Sioux Empire Market

Jon W. Wilcke
President,   
Northwest Iowa Market

12 M E TA  FI NAN CIAL  G RO U P  2014  SUMMARY  ANNUAL  R EPO R T   

META PAYMENT SYSTEMS 
metapay.com

5501 South Broadband Lane
Sioux Falls, S.D. 57108
605.361.4347
866.550.6382
605.338.0604 fax 

Meta Financial Group

META FINANCIAL GROUP 
metafinancialgroup.com

METABANK 
metabank.com

5501 South Broadband Lane
Sioux Falls, S.D. 57108
605.361.4347
866.550.6382
605.338.0604 fax

›› CENTRAL IOWA MARKET

›› NORTHWEST IOWA MARKET

Central Iowa Main Office
Downtown Des Moines 
418 Sixth Avenue, Suite 205
Des Moines, Iowa  50309
515.243.0630
515.447.4242 fax

Highland Park 
3624 Sixth Avenue
Des Moines, Iowa 50313
515.288.4866
515.288.3104 fax

Ingersoll 
3455 Ingersoll Avenue
Des Moines, Iowa 50312
515.274.9674
515.274.9675 fax

Urbandale
4848 86th Street
Urbandale, Iowa 50322
515.309.9800
515.309.9801 fax

West Des Moines
3448 Westown Parkway
West Des Moines, Iowa 50266
515.226.8474
515.226.8475 fax

Storm Lake Main Office
121 East Fifth Street
Storm Lake, Iowa 50588
712.732.4117
712.749.7502 fax

Storm Lake Plaza 
1413 North Lake Avenue
Storm Lake, Iowa 50588
712.732.6655
712.732.7924 fax

›› BROOKINGS MARKET 

Brookings Main Office
600 Main Avenue
Brookings, S.D. 57006
605.692.2314
605.692.7059 fax

›› SIOUX EMPIRE MARKET

Sioux Falls Main Office
4900 South Western Avenue
Sioux Falls, S.D. 57108 
605.338.0059
605.338.0155 fax

South Minnesota Avenue
2500 South Minnesota Avenue
Sioux Falls, S.D. 57105
605.977.7500
605.977.7501 fax

West 12th Street 
2104 West 12th Street
Sioux Falls, S.D. 57104  
605.336.8900
605.336.8901 fax

 
 
 
metafinancialgroup.com