Jeff For Banks
DECEMBER 13, 2018
This is clearly a turnaround situation, as the bank lost over $12 million in 2010, over 20% of its capital (ouch). But once they turned things around they took their deferred tax asset back onto their books and did three acquisition. is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon.
Jeff For Banks
AUGUST 12, 2018
This is because the economy has been gaining momentum, however modest, from the tax cuts and deregulation. annually since 2009, while the record expansion of the 1990s saw growth of 3.6%. As well as the economy has been doing from the momentum of tax cuts and reduced regulation, there are always looming issues. since that time.
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Independent Banker
FEBRUARY 25, 2015
Coping just fine, community banks in energy-producing regions manage the oil-price plunge. Crude oil prices have dropped more than 50 percent from last July to this January, and they haven’t hovered this low since 2009. Pat Hickman, chairman and CEO of Happy State Bank, a $2.6 By Howard Schneider.
Jeff For Banks
OCTOBER 25, 2018
Economic growth picked up strongly in the second quarter, with a reading of +4.2%, as momentum from the tax cuts and deregulation pushed spending and investment higher. since the current recovery began in June, 2009. Fiscal stimulus in the form of tax cuts, especially for corporations, led to spikes in investment and spending.
Jeff For Banks
MAY 20, 2017
The Great Recession lasted from the fourth quarter 2007 through the second quarter 2009, according to the National Bureau of Economic Research. For the below chart, I took every bank and savings bank, not federal thrifts because during this time they still filed TFRs versus Call Reports, and therefore their loan categories were different.
Jeff For Banks
JUNE 2, 2023
When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? What caused it?
Jeff For Banks
NOVEMBER 1, 2017
In fact, inflation has been less than 2%, the Fed’s presumed target, since 2009. Tax cut and tax reform proposals have been floated. I believe that tax cuts will spur economic growth, but only if they do not increase government borrowing and the federal deficit. Interestingly, her term on the FOMC does not end.
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