Loan Assistant Salary at Hershell BETA

How much does a Hershell Loan Assistant make?

As of April 2025, the average annual salary for a Loan Assistant at Hershell is $37,682, which translates to approximately $18 per hour. Salaries for Loan Assistant at Hershell typically range from $34,226 to $40,877, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Website:
fmsbonline.com
Size:
<25 Employees
Revenue:
<$5M
Industry:
Financial Services

The Farmers and Merchants (F&M) State Bank, its owners and its employees take great pride in running an efficient and successful business that helps people purchase the items they need to run successful businesses and comfortable lives. In 2020, the bank marked one hundred and ten years since its founding. In the year of 1910, forty-two local farmers pooled their hard-earned money to create a third bank in the small prairie town of Plankinton. During this time, the automobile had only recently been introduced in the state and horses still pulled the plows. Bank regulations were weak, and people could lose everything if a bank failed. Two years later, that bank merged with another struggling bank in town. With assets continuing to drop, the bank reached out and found a father and son team to take control. Things began to turn around when Fred W. and Henry T. Gerhard purchased the F&M State bank in 1914; a bank that is still owned and managed by their descendants. In 1919, Fred Gerhard replaced Silas E. Morris as president. Upon Freds death in 1924, Henry assumed that role. While many banks failed in South Dakota in the 1920s and early 1930s, this bank held on, took austerity measures, carefully managed its loan portfolio, refrained from investments in real estate, and emerged in 1933 as the only solvent bank in Aurora County. It took until 1939 for the F&M State Bank to show enough profit to declare its first dividend in twenty years. Around the same time, state laws changed, allowing branch banking, thereby providing opportunity for expansion. In July of 1941, F&M State Bank opened a branch bank in White Lake, bringing full-service banking to that city for the first time in almost ten years. Marion Oltmans, previously employed in a Stickney bank, was recruited as branch manager to open the business in the former First National Bank building. When Henry Gerhard died in 1960, the bank had operated for fifty years with Henry as president for thirty-six of them. Ruth Ann Page, the only child of Henry Gerhard, ...

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What Skills Does a person Need at Hershell?

At Hershell, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  2. Coaching: Coaching is a form of development in which an experienced person, called a coach, supports a learner or client in achieving a specific personal or professional goal by providing training and guidance.
  3. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  4. Products and Services: Knowledge of the full array of our organization's products and services including those that are created for internal customers; insight into the differentiating factors that distinguish them from those of competitors.
  5. Branch Operations: Branch operations means any business operations of a branch captive insurance company in this State.

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Check more jobs information at Hershell

Job Title Average Hershell Salary Hourly Rate
2 Chief Executive Officer $589,764 $284
3 Assistant Vice President $44,745 $22
4 Bank Teller $25,347 $12
5 Customer Service Representative & Teller $22,540 $11
6 Teller and Customer Service Representative $22,540 $11
7 Internal Auditor $54,688 $26
8 Loan Officer $45,590 $22
9 President $589,764 $284
10 Administrative Assistant $37,213 $18
11 Store Cashier $20,842 $10

Hourly Pay at Hershell

The average hourly pay at Hershell for a Loan Assistant is $18 per hour. The location, department, and job description all have an impact on the typical compensation for Hershell positions. The pay range and total remuneration for the job title are shown in the table below. Hershell may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $37,682 look to you?

FAQ about Salary and Jobs at Hershell

1. How much does Hershell pay per hour?
The average hourly pay is $18. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Hershell?
According to the data, the highest approximate salary is about $40,877 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Hershell?
According to the data, the lowest estimated salary is about $34,226 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.