Independent Banker

JANUARY 31, 2022

Ken Finley, president of Johnson City Bank, in downtown Johnson City with Shannon Sultemeier, executive vice president (left); and Brenda Haynes, vice president/cashier (right). Here’s how four community banks are thriving in this environment. Photo by Dennis Burnett. By Mindy Charski.

Texas 182

Texas San Antonio Community Bank Community 182

Abrigo

FEBRUARY 27, 2020

This means having processes and people in place for bringing in borrowers, identifying the right loans to book, pricing them correctly, and closing loans quickly and efficiently enough to meet customer needs and institutional goals. Book more loans with a faster turnaround. learn more. Survey: Repetitive data entry common.

Lending 243

Lending Survey Data System 243

Jeff For Banks

JUNE 10, 2022

As important as a core deposit franchise is, the most profitable bank in attendance has the highest cost of deposits. Another that operates above a 15% ROE operates in a state that investors hate and therefore won't buy the stock much above 115% of tangible book value. Some have low loan to deposit ratios and some are over 100%.

Conference 78

Conference Taxes Strategy Community Bank 78

Jeff For Banks

APRIL 9, 2019

Spread is usually 80%-85% of a community bank's revenues. I then searched for banks with a similar loan composition to First Bank; fifty-to sixty percent commercial and commercial real estate loans to total loans. I netted yield on loans by their npa's/loans so those banks with riskier loan books are discounted.

Branding 60

Branding Regional Nashville Tennessee 60

Jeff For Banks

JUNE 20, 2013

Credit Unions don''t pay taxes! I often quote Sun Tzu from his over 2,000 year old book, The Art of War. The frequent and resource sapping waling about credit unions tells me that banks don''t know their enemies, umm, competition. They''re trying to steal our business customers! What is this table telling you?

Resources 111

Resources Pennsylvania Marketing Community Bank 111

Jeff For Banks

APRIL 25, 2015

His leap-of-faith assumption was that new banks are critical to new business formation. I don't think de novo banks are key players to business startup capital formation. Sure, if you cite studies that say these banks' loan books are predominantly small, as the FDIC measures them. I'm skeptical.

FDIC 60

FDIC Capital Community Bank Lending 60

Independent Banker

DECEMBER 13, 2015

Indirect auto lending has played a major role for Security Federal Savings Bank in Jasper, Ala. Half a dozen years ago, the community bank held $13 million in auto loans. Currently the bank has a little less than $40 million in assets, according to President and CEO C. MainStreet Bank in Fairfax, Va.,

Community Bank 70

Community Bank Lending Community Security 70

Independent Banker

NOVEMBER 24, 2015

Indirect auto lending has played a major role for Security Federal Savings Bank in Jasper, Ala. Half a dozen years ago, the community bank held $13 million in auto loans. Currently the bank has a little less than $40 million in assets, according to President and CEO C. MainStreet Bank in Fairfax, Va.,

Community Bank 70

Community Bank Lending Community Security 70

Jeff For Banks

DECEMBER 13, 2018

This is clearly a turnaround situation, as the bank lost over $12 million in 2010, over 20% of its capital (ouch). But once they turned things around they took their deferred tax asset back onto their books and did three acquisition. The Bank operates five full service offices. Welcome to the list! #2. And to them I say.

Oregon 101

Oregon Ohio California Community Bank 101

Jeff For Banks

JUNE 2, 2023

When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? Inflation.

FDIC 78

FDIC Community Bank Regulation Lending 78

Independent Banker

MARCH 15, 2015

It was a prescient move for Hartings and the $450 million-asset community bank, which comfortably weathered the downturn even though residential mortgages are its biggest business line—but not everyone appreciated Hartings’ common-sense approach at the time. Fortunately, most did listen. Jack got us through that just fine.

Ohio 70

Ohio Community Bank Community Lending 70

Jeff For Banks

AUGUST 12, 2018

This is because the economy has been gaining momentum, however modest, from the tax cuts and deregulation. As well as the economy has been doing from the momentum of tax cuts and reduced regulation, there are always looming issues. The Fed’s Beige Book remains fairly positive, citing “modest” growth. The economy has grown 2.2%

Marketing 60

Marketing Philadelphia Omaha US 60

Jeff For Banks

OCTOBER 2, 2010

Given community banks’ propensity to do real estate transactions, why wouldn’t such a fee-based line of business flourish? My company measures the profitability of products and lines of business for community financial institutions (“FIs”). Community FIs, in general, are not making money with these products.

Taxes 60

Taxes Community Retail Community Bank 60

Jeff For Banks

MARCH 22, 2010

In that book, the authors cited FirstMerit Bank as an example of a financial institution that implements Nordstrom-like tenets throughout their company. This got me thinking of how community banks could create an objective incentive system for branch personnel to culminate in the awarding of “Best Branch”.

System 67

System Community Bank Taxes Community 67

Gonzobanker

DECEMBER 19, 2017

THE BANKING AWARDS. Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. GonzoBanker of the Year – Large Banks. Credit Union Merger of the Year – Goes to Lake Michigan Credit Union and its CEO Sandy Jelinski for acquiring Florida-based community bank Encore.

Conference 101

Conference Industry Community Bank Community 101

The Emmerich Group

FEBRUARY 4, 2016

For example, when prospecting for new trust clients, send a series of sales letters that get them to take a small step like ordering a “tax savings” strategy booklet, signing up for a free estate planning seminar, or calling for a year-end checklist to make sure that they have maximized their tax savings.

Taxes 28

Taxes System Strategy Examples 28

Abrigo

OCTOBER 20, 2016

Technological innovation has enabled FinTech start-ups to compete in a field previously dominated by banks and credit unions. At the same time, early adopters of new technologies, like mega banks, are edging out community banks and credit unions in the fight for customers and creating a rapidly consolidating industry.

Software 150

Software Lending Community Bank Taxes 150

South State Correspondent

MAY 31, 2023

Five: Last Mile Digital Conversions One of the more successful uses of modern branch strategy is to move non-mobile banking customers onto your bank’s mobile platform. The average community bank may have 30% to 50% on mobile, while the national banks are closer to 80%.

Data 195

Data Branch Strategies Strategy Mobile 195

South State Correspondent

JULY 25, 2022

Are you booking fewer fixed-rate loans? Has the bank felt any runoff in deposits after adjusting for tax payments? Is money migrating to certificates of deposits (2.50% APY for 18 months at Capital One ), to money market mutual fund accounts (1.25%+), other banks (that are paying 1.20%+), or somewhere else? and beyond.

Trends 195

Trends Lending Marketing Capital 195

Gonzobanker

FEBRUARY 7, 2018

Nothing seems to put a bounce in a banker’s step more than a tax break and regulatory relief, and this bountiful energy was radiating at Bank Director’s annual “mecca” for bank M&A in Phoenix last week – Acquire or be Acquired. For those in the know – simply AOBA. 3: Business Model.

Taxes 76

Taxes Video Analytics Arkansas 76

Jeff For Banks

APRIL 22, 2018

Tax cuts are adding stimulus and leading to improved business and consumer optimism, but there are some offsetting factors in the form of Fed tightening, low productivity, and large levels of debt, especially at the federal government as they fund what could be a $1 trillion plus deficit this fiscal year. Gas prices remain below $3.00

Marketing 60

Marketing Philadelphia social media Taxes 60

Independent Banker

FEBRUARY 16, 2015

Sherrod Brown (D-Ohio), two lawmakers tapped to lead the Senate Banking Committee for their respective parties, are both independent-minded senators who hold positive views on several priority community banking issues. Richard Shelby (R-Ala.) So I would say he’s open to things we are concerned about.”.

Community Bank 70

Community Bank Alabama Ohio Community 70