Independent Banker

AUGUST 31, 2021

of digital banking customers said they switched to digital banking because of the pandemic. Source: 2021 Provident Bank survey. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. Quick stat.

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Community Bank Community Lending Leadership 170

South State Correspondent

FEBRUARY 27, 2022

At SouthState, we use a program called ARC (Assumable Rate Conversion) that allows borrowers to pay a fixed rate of interest for as long as 20 years, but the bank retains a floating rate asset. Current Risk in Term Lending. ARC is custom designed to allow community banks to compete anywhere on the yield curve.

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Abrigo

NOVEMBER 9, 2022

Financial institutions work to meet Q1 2023 CECL deadline A CECL implementation survey by Abrigo found progress by financial instittuions is mixed ahead of the upcoming deadline. . Takeaway 1 10% of banks and credit unions have completed CECL adoption, according to Abrigo's CECL implementation survey. Conclusion.

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Independent Banker

DECEMBER 31, 2022

We recently spoke with community bank CEOs from across the country to gain insights on how they’re proactively positioning to manage risks and take advantage of growth opportunities in the coming year. Following some respite in 2022, community bankers are bracing for a tougher economic landscape ahead in 2023.

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Community Bank Community Tampa North Carolina 91

American Banker

NOVEMBER 13, 2023

Small Business Administration lending is an arena where community banks and nonbanks compete favorably with some of the largest U.S. financial institutions. Here are the biggest SBA 7(a) lenders based on the value of approved loans.

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Community Bank Lending Community 74

Gonzobanker

FEBRUARY 8, 2023

Fintech startups looking for funding in 2023 are finding that it isn’t as easy as it was a few years ago. Community Banks as Venture Capitalists In fact, not all providers of venture capital are venture capitalists. Increasingly, banks are filling the void created by VCs. billion in capital into fintech startups in 2023.

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Community Bank Community Fintech Leadership 99

South State Correspondent

JUNE 13, 2023

However, when presented with a hedging strategy where the bank’s lending contribution to FTP is not known for 30 to 60 days, almost every banker declines – yet the same risk appears acceptable for the entire term of a balance sheet fixed-rate loan. The hedging mathematics makes the risk/return clearly visible and actionable.

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Marketing Examples Capital Management 195

Independent Banker

APRIL 30, 2022

Loan providers share an infectious enthusiasm and growing optimism for one vertical’s prospects in 2022: commercial lending. Here’s how community bankers can take advantage of various sectors—including SBA lending—over the next 12 months. First Business Bank in Madison, Wis., billion asset community bank.

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Independent Banker

DECEMBER 31, 2022

I’ve always been a glass-half-full guy, and though 2023 is expected to be a challenging economic year, it also brings opportunity. We simply need to remember what makes us special as community bankers, and with that as our foundation, we can embrace this season of change in four primary ways: 1. Priorities for a successful 2023.

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Community Bank Community Hawaii Washington 218

South State Correspondent

AUGUST 21, 2023

Earlier this month, on August 7, 2023, Moody’s Investor Services (“Moody’s”) published a banking sector review. That publication was referenced in the media as a US bank rating action, with a downgrade to ten larger banks (and a negative outlook to 11 other larger banks).

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Community Bank Community Capital Analysis 195

South State Correspondent

JUNE 21, 2022

This regime is now changing, and community banks need to position their lending and deposit portfolios for a period of monetary tightening. Short-term rates are also likely to continue to climb through 2023. Banks that have avoided, or can reduce, their holdings of riskier assets as much as possible will outperform.

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Community Bank Policies Community Marketing 359

South State Correspondent

FEBRUARY 29, 2024

Since our last update on pricing and credit HERE , commercial loan pricing trends for the first quarter of 2024 continue to be driven by the perceived increase in credit risk, tighter credit supply and banks’ need for wider margins. percentage points bringing forward looking LGD to 44% of the average community bank loan amount.

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Trends Community Bank Community United States 195

Independent Banker

AUGUST 31, 2022

Against this backdrop, agtech—the application of technology to every aspect of the food production process, from farm to table—is growing in importance to the mission of ICBA and community banks. In fact, community banks provide about $155 billion in agriculture loans. Farmers and Merchants Bank in Milligan, Neb.,

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Innovation Community Bank Community Lending 144

South State Correspondent

JULY 26, 2023

The bigger risk to community banks’ business model is not a moderate recession induced by aggressive interest rate increases by the Federal Reserve. This article will discuss community banks’ strategies and tactics to mitigate a prolonged and profoundly inverted yield curve.

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Community Bank Community Strategy Atlanta 195

American Banker

MARCH 25, 2024

Lower commodity prices and decreases in government assistance are expected to push farm income lower this year and raise credit risk for banks.

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Lending Community Bank Industry Community 81

Independent Banker

DECEMBER 31, 2022

Here’s how community banks can enhance their payments offerings. of banks’ revenues come from payments. Payments account for up to 30% of bank revenue, and that income stream is under attack. As 2023 kicks off, community banks can respond to today’s payments landscape by addressing five key trends.

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Trends Payments Community Bank Texas 140

South State Correspondent

APRIL 9, 2024

We estimate that the average contractual loan commitment for term credit at community banks has decreased from just under five years in 2022 to just under three years currently. Community banks should carefully consider the prudence of such a strategy from both a risk and revenue perspective.

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How To Community Community Bank Marketing 195

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. Nonbank institutions continue to be serious contenders in the home lending space. million in 2023. Josh Prejean, Bank of Zachary. Source: Fannie Mae.

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Community Bank Community Lending Marketing 185

South State Correspondent

OCTOBER 23, 2022

Banks must plan for the possibility of high inflation and rising interest rates, not just for the next few years but perhaps for the remainder of the decade. This rapid change in interest rates requires careful planning, product selection, and new lending and deposit-gathering strategies. Application to Community Banks.

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Community Bank Community Meeting Lending 221

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending.

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Lending St. Louis Community Marketing 243

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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Community Community Bank Georgia San Antonio 172

Independent Banker

OCTOBER 31, 2021

The CARES Act extended the CECL implementation deadline for many larger community banks until the end of the COVID-19 pandemic. Community bankers tell us that while the extension is welcome, they’re already down the road to implementation. ICBA tells FASB CECL isn’t feasible for community banks. By Stephanie Vozza.

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Community Bank Community Software New York City 91

South State Correspondent

MARCH 21, 2022

Last week’s FOMC Meeting resulted in an increase in short-term interest rates by 25 basis points (bps) and projected seven rate hikes in 2022 and another four hikes in 2023. Implications for Community Banks. Community banks must pay attention to loans that re-price in the next two or three years. Conclusion.

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Meeting How To St. Louis Community Bank 195

Jeff For Banks

APRIL 4, 2024

And, according to some EDP students that are lenders, are turning to the shadow banking market that do not have deposit demands. Such as direct lending funds, and insurance companies. Shadow Banking refers to banking-like operations that take place outside of the mainstream banking industry.

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Banking Trends Trends Millennials Oregon 119

American Banker

NOVEMBER 12, 2023

But high costs and any downturn in the economy could weigh on lenders and their commercial borrowers in coming months, economists caution.

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Community Bank Community Lending 67

South State Correspondent

JANUARY 20, 2023

2022 will go down as one of the worst years for community bank loan mispricing when viewed on a spread basis. Rapidly rising rates crushed performance as many banks held a fixed rate constant and/or booked a fixed rate loan at a misguided level. Banks had tight spreads on loans with 1.2 Multifamily is the other call-out.

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Lending Community Bank Community Data 195

ABA Community Banking

OCTOBER 10, 2023

Julieann Thurlow, ABA’s 2023-24 chair, unites financial inclusion and financial innovation. The post Banking at the intersection of mission and opportunity appeared first on ABA Banking Journal.

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Innovation Leadership Community Bank Policies 122

Independent Banker

DECEMBER 31, 2021

Here’s what community banks need to know about these products and how they can take advantage of this model. Emerging as the latest form of point-of-sale (POS) lending, BNPL introduces new ways for consumers to make purchases and spread out their payments. an enabling bank for BNPL providers like Openpay (see sidebar below).

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How To Community Bank Community Lending 91

South State Correspondent

APRIL 30, 2022

In this article, we analyze the industry’s cost of funding earning assets (COF) and track how community banks’ COF behaves relative to larger banks. In future articles, we will explain our modeling for community banks’ COF based on inflation, Fed Funds rates, consumer consumption and the Fed’s balance sheet runoff.

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Community Bank Strategy Community FDIC 195

South State Correspondent

JUNE 24, 2022

Most banks’ minimum DSCR by credit policy is 1.20X, and under that assumption, a credit that starts at 1.20X DSCR falls below 1.0X cash flow if interest rates increase by 1.90% – this is a level that interest rates are expected to reach by March of 2023.

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How To Policies Community Bank Analysis 195

South State Correspondent

AUGUST 15, 2023

This article provides an update on pricing trends driven by our Loan Command aggregated community bank data and highlights some working pricing ideas. Because of the loan mix, banks are currently pricing their weighted commercial portfolio to a 16% ROE, or under their target. Total industry loans grew 5.1%

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Trends Community Bank Community Lending 195

American Banker

JUNE 20, 2023

The American Bankers Association's Economic Advisory Committee said access to loans is likely to further soften, while defaults and credit losses could increase in the second half of the year.

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Community Bank Community Lending 69

Abrigo

DECEMBER 16, 2019

Key Takeaways An SEC filer with a 2020 CECL deadline recommends starting ASAP on implementation -- even if your deadline is 2023. Even now, however, banks and credit unions with 2023 deadlines are seeking information about what the earliest adopters have learned so far in their implementation efforts. Get started.

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West Virginia Virginia Data Community 195

Jeff For Banks

FEBRUARY 12, 2024

Shuttered large parts of its mortgage operations in stages, first in 7/2021 and later in early 2023 6/25 Selling branches is not easy, but it was best for shareholders. In 2018, started its LIHTC lending line. Perry is currently the CEO of PCW Advisors , a financial consulting firm focused on the community banking industry.

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Columbus Indianapolis Capital Community Bank 112

South State Correspondent

APRIL 23, 2023

If SVB’s management team disclosed NIM on a subset of assets and liabilities, measuring its cost of funds (COF) and coupons on fixed-income securities, NIM would appear healthy in 2020 and 2021 until it became sub 1.00% in 2023 when the Fed raised short-term rates by 4.50%.

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Management Security Risk Management social media 195

American Banker

NOVEMBER 15, 2023

It presents a red flag for community banks and credit unions that are major lenders to small businesses. A key gauge of activity that tracks startups most likely to create jobs declined in October, potentially signaling the start of a slowdown amid the fallout of high interest rates.

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Community Bank Data Community Lending 77

South State Correspondent

SEPTEMBER 20, 2022

The theme was how marketing needs to be better integrated into all facets of the bank, from data to talent acquisition, but how other lines of business can benefit from learning marketing. Bank Marketing Lesson 10: Increase Marketing Budget for 2023. Bank Marketing Lesson 9: Goal Setting – A Common Theme.

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