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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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.

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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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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

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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South State Correspondent

MAY 9, 2022

In our previous article ( HERE ), we reviewed the banking industry’s cost of funding earning assets (COF), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle. percentage points to 67.52% from the end of 2019 to the end of 2021.

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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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Independent Banker

JUNE 30, 2022

The Peoples Bank helped the Jones family of Legacy Dairy in Hiseville, Ky., From left, Ally Jones; bank chairman, president and CEO Terry L. Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. The bank provides crop insurance to farmers in 11 states.

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South State Correspondent

FEBRUARY 28, 2023

Many community banks today are willing to underwrite real estate secured loans on just two metrics: debt-service-coverage ratio (DSCR) and loan-to-appraised value (LTV). Banks typically approve credits above 1.20x DSCR and below 75% LTV – with many loan-specific factors that may skew these acceptable levels.

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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. JPM is using local branches to meet the needs of the community.

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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. ERC Assist also serves to differentiate your bank from competitors. In 2020, the U.S.

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South State Correspondent

APRIL 24, 2022

Banks have ceased using LIBOR to price assets and liabilities after 2021. However, some community banks are still deciding on the correct term lending index to adopt. Many banks are uncertain that they have chosen the best term index for their products and markets. Considerations For Choosing A Term Lending Index.

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Independent Banker

FEBRUARY 28, 2023

Derek Williams, president and CEO of Century Bank & Trust in Milledgeville, Ga., wanted to be a financier before finding his way to community banking. He has served as president and CEO of $365 million-asset Century Bank & Trust in Milledgeville, Ga., now part of Bank of America, before moving to Griffin, Ga.,

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Independent Banker

JANUARY 31, 2022

Southern Bancorp partners with other community banks to increase loan accessibility and financial literacy to low-income customers. As CEO of Southern Bancorp, Darrin Williams wants to promote relationships between community banks and CDFIs to create more prosperous communities. Photo by Dero Sanford.

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Abrigo

NOVEMBER 29, 2021

Takeaway 3 Community banks have seen less volatility in noninterest income, and many are still eyeing growth across the category. To remain competitive, some of the nations’ largest banks have introduced new products. Community banks target growth. Types of Noninterest Income. An important source of revenue.

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Independent Banker

MARCH 31, 2022

Chris Vogt of the Wisconsin Badgers NCAA basketball team presents an anonymous donation to First Kentucky Bank officials. 10, 2021, was like any other day for the people of Mayfield, Ky., When outages affected the region, First Kentucky Bank used generators to restore ATM power so customers could access emergency cash.

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ABA Community Banking

SEPTEMBER 29, 2021

With the nation still grappling with a global pandemic, bankers’ concerns have shifted, according the Conference of State Bank Supervisors’ eighth annual national community bank survey released today. Last year’s focus was on local business conditions.

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Independent Banker

APRIL 30, 2022

Here’s how community bankers can take advantage of various sectors—including SBA lending—over the next 12 months. Community banks that have struggled to grow their commercial loan portfolios over the past two years are optimistic that there are brighter days ahead this year and next. First Business Bank in Madison, Wis.,

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Independent Banker

AUGUST 31, 2020

Bolstered by the unfailing dedication of community banks, our communities will continue to weather the storm. In response to the ongoing impact of COVID-19, community bankers will continue to unfailingly support and lift up our nation’s communities. What you need to know.

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Independent Banker

JULY 31, 2022

Observing the gap in pandemic relief in south Florida due to a lack of local community banks, a trio of banking veterans teamed up to form a digital-first community bank—and were granted a charter in record time to support local businesses. Name: Locality Bank. Keith Costello, Locality Bank. “We

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Abrigo

MARCH 17, 2022

The 2022 stress test scenarios provide a blueprint for community banks and credit unions to get started on their own stress tests. Banks and credit unions can tailor them to their own instances rather than building them from the ground up – editing the regulator-developed scenarios as opposed to creating them from scratch. "a

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Independent Banker

AUGUST 31, 2022

Daniel Galindo, pictured, and Doug Schaeffer of Woodforest National Bank helped involve the community bank in providing funding for and access to affordable housing. Name: Woodforest National Bank. Doug Schaeffer, Woodforest National Bank. Doug Schaeffer, Woodforest National Bank.

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Independent Banker

JULY 2, 2022

It may be celebrating its 150th anniversary, but First National Bank of Fort Smith didn’t want presents this year. billion-asset The First National Bank of Fort Smith (FNB) was founded on Feb. All in all, 2021 was a record year for profits. In 2019, the community bank was a partial sponsor of the $2.25

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Abrigo

FEBRUARY 25, 2022

Cornerstone Advisors surveys have found that the percentage of community financial institution executives who see fintech companies like Square and PayPal, which offer business loans, as significant threats has increased from 36% in 2021 to 47% in 2022. Streamlined, Quick. Win more business loans you want.

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PYMNTS

AUGUST 4, 2020

credit unions (CUs) and banks have signed up to provide savings and checking accounts via Google Pay. BBVA USA, BankMobile, Coastal Community Bank, BMO Harris, SEFCU and First Independence Bank will follow in the footsteps of Stanford Federal Credit Union and Citi in the offering starting in 2021. Six more U.S.

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South State Correspondent

JANUARY 4, 2023

The answer is that because operating leverage and customer relevance are now so important, banks can no longer compete on rate and the abundance of credit. Many community banks have an inherent strategic advantage in bringing a new product to market faster than a national bank, yet they squander their position.

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Abrigo

JULY 16, 2021

FinCEN Releases 8 AML/CFT Priorities These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. financial system and national security. financial system. financial system.

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PYMNTS

OCTOBER 9, 2018

Experts say the move will not go unnoticed when the accounting standards begin to take effect for public companies in 2021. According to Cherry Bekaert LLP , Bank of America has allocated a 50-person team to prepare for adjusted credit loss standards. However, small community banks without such resources are sounding their concerns.

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Community Bank Community Report Lending 153

Independent Banker

SEPTEMBER 30, 2021

In this feature, we’ll look at a number of ways you can continue to build trust—an especially crucial task as the pandemic continues, telecommuting persists and consumer banking practices evolve. But for most community banks, building a trustworthy brand isn’t a conscious effort. billion-asset community bank.

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Independent Banker

OCTOBER 1, 2021

For the purposes of the Q2 2021 UBPR, regulators placed a Texas-based community bank into a nationwide group of other banks with assets between $300 Million and $1 Billion (“PG5”). Looking at NIM, in Q2 2021, the UBPR indicated a value of 3.52 for the bank and an average value of 3.40

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Analysis Texas Groups Examples 91

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Shielding sensitive customer information from prying eyes remains a chronic industry challenge. Bob Hickok.

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South State Correspondent

JULY 5, 2022

We concluded that obligors showing less than 1.50X DSCR would be most at risk, but the average community bank underwrites to 1.20X DSCR. Many bankers responded that their loan-to-values (LTVs) are low and expect that the secondary source of repayment will protect the bank’s capital. in December 2021).

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Jeff For Banks

JULY 13, 2023

But can it be for the community banks that would covet the customers that make up the $1.9 Wells Fargo was slapped with a similar CO back in 2016, while they were third in the nation in deposit market share. This practice was said to have ended in 2021. Not a red-letter day for BofA. trillion in BofA deposits?

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Abrigo

JULY 23, 2021

FinCEN released their first ever government wide priorities (“Priorities”) for anti-money laundering and countering terrorist financing on June 30, 2021. It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world.

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Gonzobanker

FEBRUARY 8, 2022

Maybe instead of Acquire or Be Acquired, this conference should be called Evolve or Be Acquired,” observed Eric Sprink, CEO of Coastal Community Bank in Everett, Wash., and a trailblazer in the world of banking as a service (BaaS). The difference could be seen in what alpha bankers bragged about.

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Gonzobanker

MAY 17, 2022

For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. Cornerstone Advisors continues to sound the drum that bank executives have way too little visibility into the spend and target outcomes of their technology investments.

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Gonzobanker

DECEMBER 22, 2020

Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. And how did community banks and credit unions respond to the COVID craziness? Expect more cost-driven MOEs in 2021! Bank Deal of the Year PNC nabs BBVA USA – paying 1.3

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