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Loan Hedging for Community Banks in 2024

South State Correspondent

Community banks’ use of swaps (banks’ primary tool to hedge interest rate risk on loans) has increased substantially over the last ten years. Meanwhile, community banks face net interest margin (NIM) and fee income pressure. Meanwhile, community banks face net interest margin (NIM) and fee income pressure.

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MiHC La Puerta Portal Opens the Door to Success for Hispanic Students in Detroit

Perficient

Perficient developed the La Puerta portal framework as a way of giving back to the Detroit community and to pave the way for students to benefit from a college education. The Michigan Hispanic Collaborative’s goal to improve the economic strength of the Hispanic community in Michigan. “We ” In Michigan, only 15.7%

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Fighting Food Insecurity in Vermont and New Hampshire: A Community Effort

Ublocal

With many pandemic-related food relief programs ending—including increased SNAP benefits and free school lunches —as well as rising inflation and food costs , the risk of food insecurity for residents across our region is ever-growing. It’s also something that we can all work on together to eliminate.

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Deposit Behavior In This Rate Cycle – Part III

South State Correspondent

In two recent articles, we reviewed the banking industry’s deposit behavior with regard to cost of funding earning assets (COF) ( HERE ), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle ( HERE ). That 1.80% level is expected to be achieved in July 2022.

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A fund for diverse tech companies

Independent Banker

First National Bank and Black Tech Nation Ventures teamed up to support minority-owned startups in the Pittsburgh community and beyond. Driven by her goal to cultivate a supportive community for diverse tech startups, Kelauni Jasmyn founded the fiscally sponsored nonprofit Black Tech Nation in Pittsburgh in 2018.

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Fraud Ideas from FICO World 2022 – and Excitement for 2023!

FICO

Fraud Ideas from FICO World 2022 – and Excitement for 2023! FICO World 2022 was an excellent event with a stellar fraud protection and compliance track - here's some of what we learned. Wed, 08/03/2022 - 12:40. Tue, 07/02/2019 - 02:45. by TJ Horan. expand_less Back To Top. A Greatest Hits Compilation.

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A gift that will keep on giving

Independent Banker

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. The clubhouse at the Jeffrey location, a community gathering place since 1978, was in dire need of improvements. By Paul Sisolak.