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. What changes will 2022 bring?

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

SEPTEMBER 28, 2020

As 2020 limps toward its exhausting conclusion, get ready for a massive rebound in 2021 — for consumer spending , for small- to medium-sized businesses’ ( SMBs ’) top lines, and for the U.S. I actually think that 2021 may not be a good year — I’ll be blunt in saying that,” he told Webster. economy in general. FinTechs To The Rescue?

Fintech 291

Fintech Examples Industry Management 291

Independent Banker

AUGUST 31, 2021

A profitability strategy has a lot to factor in given today’s uncertain market. Here’s what community bankers need to know when planning their budgets for the next year. Source: 2021 Provident Bank survey. Here are seven factors community banks should consider as they enter budgeting season. By Cheryl Winokur Munk.

Community Bank 170

Community Bank Community Lending Leadership 170

Accenture

JANUARY 23, 2022

The market turmoil of 2020-2021, along with an unprecedented surge that has renewed a focus on retail investors, has pushed direct investing platforms into the spotlight. However, during the pandemic we witnessed the union of social (media, communities and group action) and capital (saving and trading) as….

Retail 288

Retail social media Customer Experience Community 288

South State Correspondent

APRIL 12, 2022

We feel that as community bankers, we can learn much from Jamie Dimon (Chairman and CEO of JPM) and from Warren Buffet. 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. 3) Community Focused.

Community 195

Community Community Bank Leadership Lending 195

South State Correspondent

JULY 5, 2022

Loans below 1.50X starting DSCR cannot withstand the current market expected rise in interest rates if cash flow decreases by just 10%. As a reference, the market expects short-term rates to increase by another 1.77% for the rest of 2022. in December 2021). A loan starting at 1.20X DSCR dips below 1.0X

Management 195

Management Capital US Community Bank 195

Abrigo

APRIL 25, 2024

Recent data and trends of the small business lending market SMB Lending Insights is a snapshot of current financial trends and metrics that impact small and medium-sized business (SMB) lending and financial institutions. Starting with loans originated in January 2021, delinquency rates begin to fall and even dip below historical averages.

Lending 221

Lending Trends Capital Strategy 221

South State Correspondent

JANUARY 16, 2024

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. introduced a LIBOR alternative in March of 2021 (called BSBY). Historically, community banks have hesitated to adopt derivatives for several reasons.

Community Bank 195

Community Bank Community Compliance CA 195

Independent Banker

JULY 31, 2022

The Social Bankers, a collective of community bank marketers, offers inspiration, information and professional development advice to community bankers focused on marketing and social media. And that means it can be a challenge to keep up with the latest trends in social media marketing. By Julie Kendrick.

social media 224

social media Trends Community Groups 224

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. The beauty is that this network has been created by community banks for community banks.”.

Community Bank 91

Community Bank Community Payments Meeting 91

South State Correspondent

JULY 10, 2023

Next week’s article will consider the challenges and possible solutions for community banks to adopt loan hedging programs. Currently, 23% of banks use interest rate hedges to manage some risk, up from 2% in 1985. years in 2021 (and has increased since then). Of the largest 250 banks, 90% use interest rate hedges.

Community Bank 195

Community Bank Community Tools Management 195

CB Insights

JUNE 21, 2021

Future of Fintech 2021 (October 5-6, NYC) will provide updates on this activity and in-depth analysis on important trends driving financial services. New niche & community-focused banks. Wealth Management & Capital Markets . Growth of challenger banks. Retail bank digitization. Banking-as-a-service .

Trends 74

Trends Fintech Lending Analysis 74

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.

Community Bank 78

Community Bank Community Strategy Marketing 78

Jeff For Banks

FEBRUARY 12, 2024

Perry's perspective is clearly focused on shareholder value and may be viewed as shareholder primacy, a sometimes derogatory term because pursuing shareholder value could be done at the expense of other stakeholders, such as employees, customers, and communities. i.e. not at the expense of stakeholders. References to "I" means Perry.

Columbus 108

Columbus Indianapolis Capital Community Bank 108

South State Correspondent

APRIL 23, 2023

The root cause of Silicon Valley Bank’s (SVB) failure is poor risk management – plain and simple. Bankers need to understand and manage their business on the fair value of assets and liabilities instead of managing their business on net interest margin and the amortized historical cost of assets and liabilities.

Management 195

Management Security Risk Management social media 195

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. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects.

Taxes 195

Taxes Community Bank Community Operations 195

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). Financial condition and competitive market environment and client base. Legal and regulatory compliance.

Community Bank 78

Community Bank Community Fintech Company 78

CB Insights

DECEMBER 16, 2021

In 2021, Facebook became Meta, NFTs came to dominate media discussion, and companies increasingly adopted omnichannel marketing models. The Creator Economy Market Map. MARKETING TECH. Client Research] Direct Message Marketing In Consumer & Retail — ESP Vendor Matrix. DIGITAL CONTENT. CUSTOMER SERVICE TECH.

social media 57

social media Retail Branding Trends 57

Jeff For Banks

MARCH 21, 2024

In the markets, we watched helplessly as real GDP plummeted -5% in 1Q20 and -31% in 2Q20 before rebounding by +33% in 3Q20. No one will forget the inflation that followed in 2021 to 2023, started first by supply chain issues, but then fueled by the Fed’s purchases and the obscene amount of cash handed out by the federal government.

Marketing 146

Marketing Policies Report Atlanta 146

Perficient

FEBRUARY 10, 2021

While the Centers for Disease Control and Prevention(CDC ) recommends healthcare consumers over 65 get vaccinated, few communications have targeted these groups or provided understanding and navigation to how to access the vaccine in their community. Create a rollout plan that considers your older patients. How are you reaching them?

New York City 484

New York City social media Community System 484

Jeff For Banks

FEBRUARY 24, 2022

On September 17, 2021 in the Scottsdale, Arizona desert, I delivered a speech to a ballroom full of bankers titled: 5 Things I Wish We Did Better. Number 1 on that list: Project Management. I used the embedded commercial as indicative of the life span of a project at a community bank. PPP urgency must be our norm.

Management 78

Management Community Bank Community Arizona 78

Independent Banker

APRIL 30, 2022

Ashley Horner (right), senior vice president and SBA loan administrator, shown with portfolio manager Melanie Elmore, says Summit Bank is on track to make $30 million in SBA loans this year. Here’s how community bankers can take advantage of various sectors—including SBA lending—over the next 12 months. billion asset community bank.

Lending 158

Lending Community St. Louis Community Bank 158

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. Governance.

Innovation 139

Innovation Community Bank Training Community 139

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. Mendenhall.

Community Bank 172

Community Bank Community Montana Taxes 172

Jeff For Banks

AUGUST 2, 2021

However, it had a great group of employees and was in a market that I knew very well. In June 2021, we were up to six locations, $327.6 In 2021, we are up to over $70 million, mostly investment properties. 21/ @Schornack The other item that I fixate around is writing a monthly management report to my board.

Community Bank 78

Community Bank Community Minnesota Metro 78

FICO

MAY 24, 2021

A new report released today by FICO and market intelligence firm Corinium, entitled The State of Responsible AI , finds that most companies are deploying AI at significant risk. With worldwide revenues for the AI market (including software, hardware and services) forecast to grow 16.4% year over year in 2021 to $327.5

Study 98

Study Leadership Regulation Analytics 98

Independent Banker

JANUARY 31, 2022

These community banks are working to fix that through microlending programs. One of the harsh realities revealed by the flood of Paycheck Protection Program (PPP) money distributed in 2020 and 2021 is that many businesses and entrepreneurs in need of small-balance loans fell through the cracks. By Beth Mattson-Teig. in Toms River, N.J.

Lending 150

Lending Community Community Bank Compliance 150

CFPB Monitor

OCTOBER 4, 2022

The DOJ’s lawsuit against Lakeland, filed in a New Jersey federal district court, is part of the DOJ’s nationwide “ Combating Redlining Initiative ” launched in October 2021. According to the DOJ , the settlement represents the third-largest redlining settlement in the DOJ’s history.

New Jersey 147

New Jersey Lending Community National 147

Jeff For Banks

APRIL 4, 2024

The Fed has paused for nearly a year now, and it was our experience in 2006-07 that bank cost of funds continued to increase as the market closed the delta between what someone could earn in a money market mutual fund and a bank account. But not until $1 trillion went from banking to money markets.

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

Independent Banker

FEBRUARY 28, 2022

The question is whether financial institutions will feel the positive impact of the current indicators or if uncertainty and volatility in the mortgage market will prevail. What it means for community banks is clear. You’ll learn about: The 2022 mortgage market outlook. While the U.S. Developing leaders in mortgage lending.

Leadership 91

Leadership Strategy Lending Community Bank 91

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. Better serving its communities.

Community Bank 172

Community Bank Community Leadership Arkansas 172

Abrigo

JUNE 11, 2021

Would you like other articles on asset/liability management in your inbox? Takeaway 1 Regulators stress sound risk management practices that include the ability to identify and measure interest rate risk (IRR). FDIC) noted in its 2021 Risk Review. FDIC) noted in its 2021 Risk Review.

How To 195

How To Risk Management Analysis Kansas City 195

Independent Banker

NOVEMBER 30, 2022

When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. Lexicon Bank didn’t wait long to make a splash, sponsoring the 2021 World Series of Poker. But as a community bank that is there to serve the gaming hub of Las Vegas, Lexicon Bank welcomes these players with open arms.

Las Vegas 129

Las Vegas Community Bank Community Wisconsin 129

Jeff For Banks

NOVEMBER 3, 2023

Financial Markets & Economic Update - Fourth Quarter 2023 Summer Update On this warm October day, I am staring at my Bloomberg screen, still heartbroken over the Phillies Phailure. But not in this market. It was the massive increase in M2 in 2020 and 2021 (and beyond!) Now, all of our hopes ride with the Eagles.

Marketing 85

Marketing Community Bank Policies Community 85

Abrigo

FEBRUARY 25, 2022

However, many traditional community lenders will face real challenges meeting their lending goals for more business loans and higher yield, given expected interest rate hikes, higher non-interest expenses, and increasing competition for borrowers. It is the backbone of what many community financial institutions do, and they do it well.

Lending 195

Lending St. Louis Community Survey 195

South State Correspondent

AUGUST 8, 2022

Insight #1 – Deposit & Margin Management: Deposit runoff has started and will make it to community banks by October. For 2Q, larger community banks lost about 0.3% Institutional and corporate money will go to higher returning alternatives such as money market funds. For 2Q, banks are in the 65% to 70% range.

Trends 195

Trends Community Bank Community Retail 195

South State Correspondent

MARCH 23, 2022

In December 2021, a Brazilian bank, Nubank, went public in the U.S. In 2021, Nubank spent around 4% of revenue, according to their financials, in marketing which is materially below the 7% target for most banks. Instead of marketing, the Bank strategically focuses on two areas – product development and customer service.

Branding 221

Branding social media Strategy Data 221