Job Description

Internal Bank Appraiser

Kokomo, IN

$55k/year - $85k/year

About First Farmers Bank & Trust

First Farmers Bank & Trust has been proudly serving families, farms, and businesses since 1885, building relationships rooted in trust and community. With over 140 years of experience, we’ve grown to become one of the largest community banks in Indiana and Illinois, offering a full range of financial services—from personal and business banking to agricultural lending and mortgage solutions.

Our mission is simple: deliver personalized financial services while fostering strong relationships that help our communities thrive. We believe in combining today’s digital banking convenience with the traditional values of integrity, perseverance, and customer care.

With 37 branches in Indiana and Illinois, we remain deeply committed to the communities we serve. Through initiatives like financial education programs, scholarships, volunteerism, and local partnerships, we invest in what matters most—people.

At First Farmers, we also invest in our employees. We offer competitive benefits, opportunities for professional growth, and a culture that values collaboration and community engagement. When you join our team, you’re not just starting a job—you’re joining a company built on heart and grit.

Position Summary:

The Internal Bank Appraiser is responsible for evaluating the value of real estate to support lending decisions. This role conducts property inspections, analyzes market data and trends, and prepares comprehensive appraisal reports for management review. The position works closely with loan management, support staff, and underwriters to facilitate sound credit decisions, while ensuring accuracy, compliance, and thorough documentation. The Internal Bank Appraiser also communicates findings and recommendations effectively to stakeholders and remains current on industry standards and appraisal methodologies.

Key Responsibilities

• Conduct property inspections to appraise the value of real estate for bank loans
• Analyze data and market trends to determine property values
• Prepare and submit appraisal reports to bank management for review
• Communicate appraisal findings to clients and provide recommendations
• Stay up-to-date with industry developments and changes in appraisal methods
• Maintain accurate records and documentation for all appraisals conducted
• All other job duties as assigned

Requirements

Minimum Qualifications

• Prior experience working in appraisals or a comparable banking role
• Working knowledge of appraisal methods, principles, and practices
• Demonstrated ability to work both independently and collaboratively within a team environment

Preferred Qualification

• Minimum of two (2) years of experience as a bank appraiser or in a comparable banking role
• Associate’s or Bachelor’s degree in Finance, Economics, Accounting, or a related field
• Experience utilizing appraisal software and related tools
• Certified General Appraiser license

Skills

• Strong analytical skills with the ability to interpret data, draw sound conclusions, and produce accurate reports
• Excellent verbal and written communication skills, with strong interpersonal abilities
• Proficiency in Microsoft Office Suite, with the ability to quickly learn new systems and technologies
• High level of attention to detail with strong organizational and time management skills

Work Environment

• Primarily office or branch-based environment with standard business hours. Regular travel to site inspections, other branch locations or community events may be required
• Daily extended use of banking software, secure digital platforms, and standard office equipment
• Repetitive hand and arm movements
• Ability to sit or stand for extended periods of time
• Ability to lift up to 25 pounds as needed

Benefits Overview:

At First Farmers Bank & Trust, we offer a comprehensive benefits package designed to support your health, financial well-being, and work-life balance:

Health & Wellness

• Medical Insurance (eligible on date of hire) with options for High Deductible Health Plan (HDHP) and Co-Pay Plan
• Vision Coverage
• Dental Coverage
• Prescription Plan
• Wellness Incentive – earn up to $25 per pay period toward premium reduction

Financial Security

• Life & Accidental Death & Dismemberment Insurance – 100% employer-paid
• Short & Long-Term Disability Insurance – 100% employer-paid
• 401(k) Plan
• Profit Sharing Stock Option
• Health Savings Account (HSA) contributions for HDHP participants

Paid Time Off

• Vacation time
• Sick Time
• Personal Day
• 11 Paid Holidays
• Paid Bereavement

Additional Benefits

• Paid time to volunteer (when representing FFBT and supervisor approved)
• Voluntary Donated PTO Program
• Employee Assistance Program
• Travel Assistance Program
• Educational Assistance Program
• Corporate Discounts
• Employee Referral Program
• Stock Purchase Loan Option
• Retirement Plan Counseling
• Wellness Program
• Gym Reimbursement
• Employee Quarterly Recognition Program
• AFLAC supplemental benefits
• Cincinnati Life supplemental coverage
• Family Medical Leave
• Paid Bereavement Leave
• Maternity Leave Policy