Independent Banker

DECEMBER 31, 2021

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Between a smoldering pandemic, the divisive political landscape and strong, albeit uneven, growth, there was a lot to account for in 2021, and some uncertainty remains. Janet Silveria, Community Bank of Santa Maria. Click to enlarge.

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Independent Banker

NOVEMBER 30, 2021

Community bankers’ awakening to new possibilities has made for an impactful year and will help position community banks to flourish in 2022 and beyond. But I also wanted to recognize the widespread acceptance of innovation I’ve witnessed among community bankers during 2021, another challenging year. in Augusta, Ga.

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Independent Banker

MARCH 31, 2022

A secure, open-loop, cost-saving, customer-accessible, multiplatform P2P payments network might sound too good to be true, but community bank consortium Alloy Labs Alliance hopes to achieve just that with the CHUCK payment rail. Launched: 2021. Julieann Thurlow, Reading Cooperative Bank. By Katie Kuehner-Hebert.

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Banking Exchange

AUGUST 23, 2021

Recent data shows a dramatic increase in commercial real estate loans in the first half of 2021 Mortgage Credit Consumer Credit The Economy Community Banking Mortgage/CRE Mortgage Feature3 Feature.

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Gonzobanker

FEBRUARY 8, 2023

billion in Q4 2022, down 79% from Q4 2021. The total number of deals funded dropped from 423 in Q4 2021 to 342 in Q4 2022, representing a 73% decline in the average funding amount per raise from $43 million down to $11.4 Community Banks as Venture Capitalists In fact, not all providers of venture capital are venture capitalists.

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Independent Banker

FEBRUARY 1, 2022

The banking industry remains in flux. 2021 introduced new challenges for traditional banks, from the added competition of digital-only entrants to shifting consumer banking behaviors and lingering fallout from the ongoing COVID-19 pandemic.

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Independent Banker

NOVEMBER 30, 2021

“Hi Jim, this is Charlie Brown with Community Trust Bank. How are things at the community bank?”. “I I don’t see how we’re going to do better next year than we’ve done in 2021.”. It turns out that 2021 has been a better year than anyone would have thought at the start.”. Do you have a minute?”. “I

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Independent Banker

DECEMBER 31, 2020

“After a very challenging 2020, I encourage you and your loved ones to end the year strong and fill up with hope for what 2021 may bring.” ” As the song says, “It’s the most wonderful time of the year,” and this year, our communities, customers and employees are likely looking forward to the holiday season more than ever.

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Gonzobanker

DECEMBER 17, 2021

Gonzo readers, 2021 was just plain schizophrenic. 2021 fintech investments, merger activities, and overall focus were off the charts. Two, read and enjoy the 2021 GonzoBanker awards, our annual take on the best things we saw during the year. Bank Deal of the Year. Bank Merger of the Year. Doug Larson. You tell us.

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South State Correspondent

FEBRUARY 17, 2021

January is typically a slow month for loan production at community banks, and the pandemic-hampered economy made the month even more challenging for many banks. 8 report showed that all loans were essentially flat in January for banks. The data from the Federal Reserve’s H.8

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PYMNTS

DECEMBER 8, 2020

In today’s top news, economists expect the economy to recover back to pre-pandemic levels by the end of 2021, and China’s banking watchdog warns of further Big Tech regulations. Economists: Stimulus, Vaccine Key To Full Recovery By Year-End 2021. Synctera Brings 'FinTech As A Service' To Community Banks.

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South State Correspondent

SEPTEMBER 18, 2023

The banking industry’s average efficiency ratio worsened for the first time since 2021. This development is very important to community banks, as their efficiency ratio also increased, but to 61.63%. The graph below shows the efficiency ratio for community and non-community banks (over $10B in assets).

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South State Correspondent

JANUARY 16, 2024

Some bankers will soon hear about another example of banks using derivatives that, unfortunately, will lead to losses. introduced a LIBOR alternative in March of 2021 (called BSBY). We published various articles comparing community bank alternatives to LIBOR (such as SOFR, Ameribor, Fed Funds, and Prime).

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CFPB Monitor

AUGUST 31, 2021

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Banks are instructed to reference relevant guidance from the agencies that is listed in a footnote.

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Jeff For Banks

JANUARY 7, 2022

Here are the top five most-read posts of 2021. The Death of the Community Bank Pundits make predictions. Memorial Day: Remember Maurice "Maury" Hukill One thing I have learned about community bankers is they truly appreciate the sacrifices others made that allowed them to pursue a career in community banking.

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Jack Henry

JANUARY 6, 2021

Reflecting back on 2020, the community banking and credit union industries should be proud of how this unprecedented pandemic and resulting economic crisis was managed. Happy New Year! This familiar wish resonates now more than ever before.

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Financial Technology Trends Technology Community Bank 144

Independent Banker

APRIL 30, 2022

Independent Banker’s annual listing top-performing community banks of 2021 alongside interviews with some of the winners. In true community bank fashion, each has its own story to tell and its own path to success. In true community bank fashion, each has its own story to tell and its own path to success.

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South State Correspondent

NOVEMBER 16, 2020

Between low-interest rates, the concerning rise in COVID-19 cases, and tough competition for quality commercial loans, community banking is a tough business. Net interest margins at community banks are declining, and the trend is likely to continue through 2021.

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South State Correspondent

APRIL 18, 2022

Historically, community banks have relied on net interest margin (NIM) instead of fee income to drive return on equity (ROE). In contrast, larger banks have emphasized non-interest income rather than NIM to boost ROE and revenue. Larger banks have historically operated on thinner NIM but higher fee income. Conclusion.

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Jack Henry

DECEMBER 9, 2021

Investments in financial technology have been increasing for years, but the events of the last 18 months have created a new sense of urgency for community banks and credit unions to fine-tune their digital strategies across the spectrum of various fintech investments.

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ABA Community Banking

SEPTEMBER 23, 2021

The American Bankers Association’s nominating committee—chaired by Laurie Stewart, president and CEO of Sound Community Bank, Seattle—has selected a slate of candidates for association officer positions and candidates for the association’s board of directors.

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Jeff For Banks

AUGUST 2, 2021

4/ @Schornack In June 2013, Flagship Bank Minnesota had $94 million in assets and $62.8 In June 2021, we were up to six locations, $327.6 7/ @Schornack In our bank, one of these client bases was 1-4 family rental properties. In 2021, we are up to over $70 million, mostly investment properties. million in assets and $233.7

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ABA Community Banking

MAY 23, 2022

households surveyed in late 2021 said they were “doing OK” or “living comfortably,” according to the Federal Reserve’s annual Report on the Economic Well-Being of U.S. The post Fed survey: Americans’ financial well-being improves in 2021 appeared first on ABA Banking Journal. Nearly 8 in 10 U.S. Households released today.

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South State Correspondent

JULY 10, 2023

One possible solution to this dichotomy is for banks to offer interest rate swaps to hedge individual loans. This article will review domestic banks’ adoption of interest rate swaps. Next week’s article will consider the challenges and possible solutions for community banks to adopt loan hedging programs.

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Banking Exchange

JANUARY 26, 2022

2,927 bank branches closed last year, as bank customers opted for mobile and digital offerings Community Banking Branch Technology/ATMs Customers Performance Core Systems Mobile Online Feature3 Feature Management Financial Trends Lines of Business Fintech.

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ABA Community Banking

JANUARY 6, 2021

The crystal ball for 2021 might be statistically clear, but looking behind the numbers reveals competing pressures for and against continued industry consolidation. The post Competing Pressures: The 2021 M&A Outlook appeared first on ABA Banking Journal.

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Independent Banker

MAY 31, 2022

Josh Prejean (right) of Bank of Zachary, here with mortgage client David Rozas, says community banks must compete through customer service. We look at how community banks can counter nonbanks’ offerings through streamlined technology, customer service and other strategies. Josh Prejean, Bank of Zachary.

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South State Correspondent

JUNE 30, 2023

Many banks pride themselves on superior customer service, and approximately 90% of all community banks believe that they provide an above-average level of customer service (the math cannot work that way). The graph below shows the industry ROE and ROA from 1984 to 2021.

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South State Correspondent

MARCH 21, 2023

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. As such, like PPP, this would be a limited product for any bank. This improves the credit position of the small business customer, thereby reducing risk for the bank.

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William Mills

MAY 30, 2023

BankTech Ventures is the first venture fund created specifically by and for key leaders in the community banking landscape. Launched in 2021, over 100 banks are now part of the fund, with 11 investments already made and over 100 companies in its current pipeline ready to continue fueling the innovation ecosystem for community banks.

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South State Correspondent

APRIL 12, 2022

Recently, JP Morgan Chase released its 64-page 2021 shareholder letter and 340-page annual report. As usual, it was full of insight that every community banker should consider. Our focus is on information that pertains to the community banking industry. 1) The Fed May Hike More Than Expected.

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Banking Exchange

FEBRUARY 25, 2021

Share of funding for businesses with fewer than 10 employees up 60% under Biden administration, SBA reports Community Banking Feature3 Feature PPP Covid19.

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Community Bank Community Report 78

Independent Banker

APRIL 30, 2021

Consumers are demanding it from the companies with which they do business—so much so that in its Retail Trends 2021 list, Deloitte said it expects purpose to be as disruptive in the next 10 years as digital has been in the past 10. And their symbiotic relationship ultimately drives community bank performance.

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ABA Community Banking

JANUARY 29, 2021

The post Replacing Libor: Still a Priority Job for 2021 appeared first on ABA Banking Journal. A portfolio of benchmarks is emerging to meet bankers’ diverse rate needs as Libor recedes in history’s rearview mirror.

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Independent Banker

OCTOBER 1, 2022

Community banks are at a critical juncture when it comes to cybersecurity. With cybercrime becoming increasingly complex and sophisticated, community banks must remain vigilant and monitor and manage their critical infrastructure. Community banks are at a critical juncture when it comes to cybersecurity.

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Independent Banker

NOVEMBER 30, 2021

We asked both leaders and staffers to tell us what makes their community banks stand out as employers. Key Community Bank: Leading by example. Key Community Bank. At the heart of Key Community Bank’s work culture is connection. Greg Dennis, Key Community Bank. “We

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BankInovation

APRIL 22, 2022

Virtual assistants have been primarily the domain of large banks until now, thanks in part to offerings made through core providers. community bank based in Georgia, began leading the way in November 2021 with its adoption of a chatbot named RITA — or real-time interactive teller assistant — driven by conversational artificial […].

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