Just over two years after the Federal Deposit Insurance Corporation ordered Traverse City State Bank to address several deficiencies in its operations – primarily those relating to asset quality and capital – the bank has been given the green light to terminate its consent order with its regulators. The bank's efforts before and since the consent order – among them heightened discipline in business and banking principles and more conservative lending and underwriting standards – brought about positive results in operations for 2010, 2011 and 2012, with lower levels of charge-offs and provisions for loan losses, reductions in operating expenses and problem loans, and improvement in earnings, capital and liquidity. By mid-2011, in fact, the bank had met or exceeded all agreed upon goals as outlined in the consent order. “We are thankful to our shareholders, customers and employees for their loyalty to the bank as we operated under a controlled regulatory environment for the past couple of years," says TCSB president and CEO Constance Deneweth. "Our team of high-performing directors and employees has been focused on resolving issues while continuing to prudently meet the banking needs of our community. It has been so rewarding to have our hard work confirmed publically by our primary regulators and with various independent bank rating agencies."