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.

Community Bank 170

Community Bank Community Lending Leadership 170

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.

Community Bank 98

Community Bank Community Fintech Leadership 98

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.

Community Bank 91

Community Bank Community Tampa North Carolina 91

South State Correspondent

OCTOBER 26, 2023

Our Top 10 Insights From Money 20/20 From these sessions and announcements, we pulled out ten of our most important takeaways, each having an impact on bank operations in the coming year. The post Recap of Money 20/20 USA 2023 and 10 Banking Thoughts appeared first on SouthState Correspondent Division.

Conference 221

Conference Las Vegas Fraud Case Study 221

South State Correspondent

JUNE 13, 2023

This allows management to better manage credit, interest rate, and operational risk in business units. All hedged loans are priced through an FTP framework and change the bank’s understanding of the makeup of net interest margin and how the bank’s activities have contributed to economic profitability.

Marketing 195

Marketing Examples Capital Management 195

Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. What’s on the horizon for retail banking? We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. So how are retail banks meeting this challenge?

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

Abrigo

DECEMBER 22, 2023

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023.

Lending 221

Lending Risk Management Community Management 221

South State Correspondent

APRIL 15, 2024

Last week, JPM released its 84-page 2023 shareholder letter and 364-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. Lesson 3: Stay Community Focused Despite JPM’s enormous size (currently $4.1T

Community 195

Community Community Bank Leadership America 195

South State Correspondent

NOVEMBER 30, 2022

Banks have ceased using LIBOR to price assets and liabilities after 2021. The remaining LIBOR cash and derivative instruments will continue until June 30, 2023. An index representing overnight rates and term structures is fundamental to community banks that sell products with multiple payment periodicities. Daily SOFR.

Community Bank 195

Community Bank Community Marketing Groups 195

Cisco

JANUARY 10, 2023

It’s an excellent way to solidify the optimal operating model mix for hybrid work, digital first engagement, operational excellence and process automation, sustainability, and cybersecurity. Accelerated Digital Transformation Framework. Are IT and the lines of business in alignment?

Digital Strategies 174

Digital Strategies Strategy America Innovation 174

Abrigo

FEBRUARY 6, 2024

Takeaway 2 Community banks may face challenges seeking reimbursement for breach of warranty claims filed with other FIs. Takeaway 3 Banks and credit unions should leverage new tools to improve check fraud prevention that can ease the burden on their staff and safeguard customers.

Fraud 221

Fraud Training Trends Regional 221

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. Yield pickup.

Community Bank 195

Community Bank Community Strategy Atlanta 195

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.

Trends 140

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.

How To 195

How To Community Community Bank Marketing 195

South State Correspondent

JANUARY 30, 2024

The good news is that for many other areas, budgets are lower at banks compared to last year, and the fact that IT is still positive underscores the strategic imperative that banks face to digitize traditional operations, reduce costs, gain scale, and improve the customer experience. and 11.1%, with a median of 8.1%

Capital 195

Capital Operations Customer Experience Comparison 195

American Banker

DECEMBER 29, 2023

Banks' sales of insurance agencies for eye-popping multiples emerged as one 2023's notable trends. Though the bandwagon shows no sign of slowing, several prominent community banks appear to be holding on to their insurance operations.

Community Bank 36

Community Bank Community Trends Operations 36

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. The Fed will surpass the total of the entire 2017-2019 balance sheet tightening by early 2023.

Community Bank 195

Community Bank Community Industry Online 195

BankInovation

DECEMBER 19, 2022

As we approach the 2023 launch of the FedNow service, banks across the U.S. The 24/7/365 nature of instant payments will likely present new challenges for community banks, but proper preparation will go a long way toward supporting more seamless transition. […].

Community Bank 52

Community Bank Payments Community Operations 52

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.

Community Bank 91

Community Bank Community Software New York City 91

Abrigo

MAY 22, 2024

The piece covers: Statistics on small business lending and its role in communities and the economy Traditional depository institutions’ changing market share in small business lending The challenges (financial and operational) of small business lending for banks, credit unions, and borrowers.

Lending 195

Lending St. Louis Community Marketing 195

South State Correspondent

AUGUST 8, 2022

With 100+ public banks reporting, we have more than a representative sample to see 2Q 2022 bank earnings trends and derive some operational insights on bank performance. Fees at banks dropped, primarily driven by mortgage operations, and net interest margin increased by approximately 25 basis points to 3.12%.

Trends 195

Trends Community Bank Community Retail 195

Abrigo

APRIL 22, 2024

The piece covers: The small business lending market and its role in communities and the economy Traditional depository institutions’ changing market share in small business lending The challenges (financial and operational) of small business lending for banks, credit unions, and borrowers. Louis Fed : [S]mall-business loans—i.e.,

Lending 243

Lending St. Louis Community Marketing 243

Independent Banker

JANUARY 31, 2022

The FedNow Service is launching in early 2023, giving community banks about a year to plan. Here’s how community bankers, payments experts and fintech vendors suggest using the time to prepare. With less than a year until the scheduled launch of the FedNow Service, community banks are still awaiting updates on specifics.

Community Bank 91

Community Bank Community Resources Fraud 91

Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. It’s certainly an interesting time to be a community bank, but there are still plenty of ways to make efficiencies with an eye on profitability. ? But one of the biggest problems in community banking today is a fear of risk.

Strategy 135

Strategy Community Bank Louisville Community 135

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. Shadow Banking refers to banking-like operations that take place outside of the mainstream banking industry. and 53% indirect costs: operations, IT, human resources, etc.

Banking Trends 113

Banking Trends Trends Millennials Oregon 113

Independent Banker

OCTOBER 31, 2022

AI can help solve customer pain points—but does it mean community banks will lose the personal touch they pride themselves on? As community bankers themselves tell us, the answer is no. The estimated amount of money banks will save by using AI applications by 2023. billion-asset Sunwest Bank in Sandy, Utah.

Community Bank 91

Community Bank Community Customer Experience Data 91

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. Perry is currently the CEO of PCW Advisors , a financial consulting firm focused on the community banking industry.

Columbus 106

Columbus Indianapolis Capital Community Bank 106

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.,

Lending 158

Lending Community St. Louis Community Bank 158

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.

West Virginia 195

West Virginia Virginia Data Community 195

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%.

Management 195

Management Security Risk Management social media 195

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.

Data 91

Data How To Community Bank California 91

South State Correspondent

JULY 25, 2022

In the last two months, the messaging points for banks have shifted from one of prosperity to one of cautious growth and optimism layered with some contingency planning. Providing a narrative around your “fortress balance sheet,” ever-more-efficient operations, and defensive vision is now critical. General Performance.

Trends 195

Trends Lending Marketing Capital 195

Abrigo

JULY 28, 2021

Takeaway 1 The 2023 deadline for CECL implementation is coming, and many SEC filers have said they would have started earlier. . Banks and credit unions also need to determine what data has been tested or historically reconciled to make sure that gaps and inconsistencies do not cause problems. Get auditors involved early,” she said.

Resources 195

Resources San Antonio Data Regulation 195

Abrigo

SEPTEMBER 14, 2022

Takeaway 3 Financial institutions should consider the impact of this rule and prepare for changes to their business operations. The CFPB plans to issue a final rule implementing Section 1071 small-business reporting requirements by the end of March 2023, according to court filing. Proposed Rule. The proposed rule , unveiled Sept.

Lending 195

Lending Data Regulation Community 195

Gonzobanker

DECEMBER 19, 2022

Financial institutions that relied on mortgage banking fee income as a key earnings component have been left to make big adjustments. As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. Goes to CSI.

Community 216

Community Fintech Industry Innovation 216

Independent Banker

MAY 24, 2016

million farms and the community banks that lend to them each growing season, Scanlan points out. Community banks also are likely to see increased regulatory scrutiny of agricultural loans this year. Producers use the federal crop insurance program extensively to manage risk on their operations.”. Ongoing concerns.

Community Bank 70

Community Bank Kansas City Community Iowa 70

PYMNTS

FEBRUARY 4, 2019

Twenty-five of them were operational worldwide in 2017, and that number had swelled to 40 by September 2018, with 16 more expected to debut by 2020. billion by 2023 — a CAGR of 30.9 Community banks and credit unions also offered their backing. Real-time payment systems are quickly cropping up across the globe.

Payments 183

Payments System Cards Policies 183