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FDIC: Community banks outperform industry in third quarter

Abrigo

To provide a report card on industry status and performance, the FDIC publishes a Quarterly Banking Profile. Results from the third quarter were just released, and while overall results were positive, community banks in particular excelled. Community banks’ net income grew almost 11 percent to $4.9

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Longer exam cycle for more community banks?

Abrigo

A new bill proposed on April 16 aims to increase the exam cycle period for a larger pool of community banks. would make more banks eligible for an 18-month exam cycle as opposed to the norm of a 12-month schedule. A similar bill, commonly referred to as the Small Bank Exam Cycle Reform Act of 2015 , was introduced by Rep.

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Compliance burdens: Reducing bank products and services

Abrigo

According to a recent survey by the American Bankers Association (ABA), more than 46 percent of respondents had to reduce offerings for loan or deposit accounts, or other services, at their bank because of regulatory compliance burdens. A recent Forbes commentary, Dodd-Frank, Community Bank Decline, And The Effect On U.S.

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Are de novos making a comback?

Abrigo

The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent.

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Mobile apps for community banks: In search of business value

NCR

Aware of the disruptive changes in how banking products and services are delivered, community banks continue adopting new technologies to keep up with competition and customers’ demand. Will a mobile banking app really help to solve community banks’ challenges or is it just a waste of money?

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Devoted to Our Mission

Independent Banker

Bank of Glen Ullin. ROAA in 2015: 2.49 ROAE in 2015: 25.21percent. The Bank of Glen Ullin sets itself apart from other community banks through our strong involvement in the community we serve and the personal relationships we have with our customers. She has been with the bank since 2006.

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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

Outside of those two crisis periods, American banking failures have generally been uncommon, at least since the end of the Great Depression. banks failed a year. bank failures per year between 1996 and 2006, and 3.6 between 2015 and 2022. Most of the more than 500 financial institutions that failed were community banks.

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