Benefits Package

Accidental Death and Dismemberment Insurance

The bank pays all premium costs. Full-time and part-time employees are eligible on the first day of employment. Coverage is at two times the annual salary up to a maximum of $500,000 (guarantee issue to $250,000; amounts in excess of $250,000 require satisfactory evidence of insurability).

Anniversary Recognition

Employees’ and Directors’ length of service are recognized with the following cash awards: 5 years - $100, 10 years – 200, 15 years - $300, 20 years - $400, 25 years - $500, 30 years - $600, 35 years - $700, and 40 years - $800. All cash awards are subject to federal taxation.

Attendance Awards

Part-time and full-time non-exempt employees are eligible to participate after one year of employment. $150 will be awarded for 0 absences; $100 will be awarded for 1 absence; and $75 will be awarded if only 2 absences occur. All cash awards are subject to federal taxation.

Bank Services

The Bank provides the following services for employees; two free checking accounts or one free checking and one free savings account, a free small safe deposit box (set-up charge does apply) if available, and reduced loan rates for employees and officers below the vice president level.

Dental Insurance

The plan is provided and the Bank and employees pay a portion of the monthly premium. The plan includes reimbursement for preventive, basic, major dental work, and orthodontia (for adults and children). The percent reimbursed depends on the type of service provided. All full-time employees are eligible on the first day of the month following date of employment. All part-time employees are eligible on the first day of the month following 60 days of employment.

Educational Assistance

The Bank will pay up to $1000 per semester ($4,000 per year) for qualified degree plans for full-time and part-time employees who have been employed at least six months. Employees must earn a grade of “C” or better to receive reimbursement. A maximum of two courses or 6 hours per semester will be reimbursed.

Employee Assistance Program (EAP)

The Bank has contracted with an employee assistance vendor to offer professional, confidential counseling to employees and their immediate family members. Full-time and part-time employees and their immediate family members may receive eight (8) one-hour counseling sessions per problem during the contract year of August 1 through July 31 at no cost. Counseling services beyond the 8 hours are charged to the employee on a fee-for-service basis.

Floral Arrangements

The Bank provides flower arrangements for employees, spouses, and for an immediate family member in the event of hospitalization or a funeral for an immediate family member. The Bank also provides a baby blanket for employee and spouse in the event of a birth.

Time Off Benefits

BBI employees are eligible for time off benefits. These include absences from work due to:

• Medical illness or injury
• Personal or family needs
• Jury or military duty
• Bereavement
• Vacations
• Holidays

Full-time employees accrue .8 of a sick day per month or 3.33 hours each pay period accruing a maximum of 10 sick days per year. Part-time employees accrue benefits at one-half of the full-time rate. These days should only be used for sick leave (employee, child, spouse, and parents of employee) and doctor’s appointments. Days not used will continually accrue and can be used for individual sick days or more lengthy medical leave. The maximum accrual will be 120 days. Sick leave may be used in hourly increments. All leave over 3 consecutive workdays must be coordinated with the benefits specialist in Human Resources and will require medical evidence.

New employees begin to accrue days upon their date of employment; however no employee is eligible to use any paid time during their first 90 days of employment.

 

 

Personal Leave

Each full-time employee will be eligible for 2 personal leave days per calendar year (employees hired after July 1 will have 2 personal leave days in the following calendar year.) These 2 days do not accrue and can be taken for any reason in hourly or full-day increments.

Funeral Leave

Full-time employees are eligible for 3 days of paid funeral leave if an immediate family member dies. If the funeral arrangements area is outside the San Antonio area a maximum of 2 additional days may be granted.

Jury Duty

All full-time employees receive their regular pay in addition to jury duty pay.

Life Insurance

The Bank pays all premium costs. Full-time and part-time employees are eligible on the first day of employment. Coverage is at two times the annual salary up to a maximum of $500,000 (guarantee issue to $250,000; amounts in excess of $250,000 require satisfactory evidence of insurability). In addition, employees may elect to purchase supplementary life insurance for themselves and their dependents.

Long Term Care

The Bank offers a voluntary long-term care policy to full-time and part-time employees, spouses, and other immediate family members. This insurance pays a monthly benefit when someone is receiving care at home or in a facility when needing assistance with activities of daily living which includes bathing, dressing, and eating. Employees pay 100% of the premium.

Long Term Disability

The bank pays the premium costs. Employees are eligible on the first of the month following six months of continuous full-time employment. The plan provides partial income to disabled employees after 120 consecutive days of disability. The policy covers 66.67% of the basic monthly rate up to a maximum of $10,000 monthly. In addition, in the event of a catastrophic disability that results in the loss of two or more activities of daily living, the benefit percentage will increase to up to 100% of pre-disability earnings.

Medical Insurance

A PPO plan is provided; employees who live outside of the PPO network may elect an indemnity plan. Both the employees and the Bank contribute toward the monthly premium. Full-time employees are eligible on the first of the month following their date of employment. Part-time employees are eligible on the first of the month following 60 days of employment.

Mileage

The Bank reimburses mileage costs for employees who use personal cars for bank business. The reimbursement rate will be at the prevailing IRS mileage rate.

Paid Holidays

The Bank provides up to ten paid holidays based on the Federal Reserve Schedule to employees: New Year’s Day, Martin Luther King Day, President’s Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veteran’s day, Thanksgiving Day and Christmas Day. Part-time employees are paid for 5 hours of holiday pay for each observed holiday.

Parking

The Bank provides free parking to all employees, including the downtown branch.

Picnic

Employees and their families are invited to the Bank’s Annual Picnic.

Profit-Sharing Plan

This plan provides eligible employees retirement income and allows eligible employees to share in the Bank’s profits. Employees are eligible to participate as of January 1, April 1, July 1, or October 1 following completion of 90 days of service. After five years of service, employees are 100% vested.

The Profit-Sharing Plan has a 401(k) feature available for employees. Employees can elect to save from 2% of their salaries up to the annual IRS maximum amount on a pre-tax basis for retirement. Monies contributed to the 401(k) plan are always 100% vested for employees. The Bank will match 50 cents on the dollar of the employee’s contribution up to the first 6%.

 

Recruitment Award

Full-time and part-time employees are eligible to receive $500 for successfully recruiting a non-exempt employee and $1,000 for recruiting an exempt or officer level employee. The referred individual must, at the time of making an application, put the name of the employee referring him or her on the employment application.

If the referred applicant is offered and accepts a full-time or part-time position with the Bank, the referring employee will receive $100 on the first paycheck following the applicant’s date of hire, and the remaining amount will be paid when the new employee reaches his or her 120-day anniversary. All cash awards are subject to federal taxation.

Reimbursement Accounts

Employees can elect to pay their insurance premiums on a pre-tax basis, thereby reducing their taxable income. They can also establish a healthcare or dependent childcare account to pay for eligible out-of-pocket expenses on a pre-tax basis. The monies diverted into the reimbursement account program are not taxable for federal income tax or Social Security/FICA.

Full-time employees qualify on the first of the month following thirty (30) days of active service and part-time employees on the first of the month following sixty (60) days of active service.

Rest Periods

Employees may take one fifteen-minute break in the morning and one in the afternoon if the work schedule permits. Breaks are paid time.

Reserve Forces Leave

A reserve military leave for full-time employees can be arranged for short-term active duty training or summer training. The employee will be paid regular wages and the time will not be charged against vacation.

Retirement Gift

At retirement, the Bank provides the following cash awards: 5-10 years - $200, 10-15 years - $300, 15-20 years - $600 and over 20 years - $1,000. All cash awards are subject to federal taxation.

Vacation

If hired before June 1, full-time employees and officers may take 5 days of vacation after six months of employment. The following January, full-time employees become eligible for two weeks’ vacation and officers become eligible for three weeks’ vacation.

If hired on or after June 1, full-time employees and officers become eligible for vacation after six months of employment.

In the calendar year in which employees reach five years of service, employees are eligible for three weeks’ vacation. In the calendar year in which employees reach 15 years of service, employees and officers are eligible for four weeks’ vacation.

After 5 years of service as a Vice President, Vice Presidents qualify for 4 weeks’ vacation or 20 workdays.

Senior Vice President Officers and above are eligible for vacation immediately upon date of hire. Up to 20 days may be available prorated based on date of hire during the year.

After one year of employment, part-time employees are eligible for two weeks of paid vacation. Vacation will be paid based on an average of 5.5 hours per day.

Vision Care

Employees may elect to purchase vision insurance for themselves and their dependents. The program includes discounts for frames and glasses, and for eye exams at participating vendors.