Abrigo

JULY 23, 2015

While banks under $10 billion in assets aren’t technically required to stress test, recent data suggests the practice is becoming the norm. But community banks’ resources are generally less of their larger counterparts, so beginning, keeping up with or expanding stress testing can be a burden. Ensure proper data.

Community Bank 150

Community Bank Community Data Resources 150

Independent Banker

DECEMBER 1, 2021

Additionally, a recent survey by FIS shows that 37% of consumers began a new banking relationship with a major national or global bank that had a well-established online portal in the past 12 months. 18% of these consumers opened an account with an online-only direct bank.

Community Bank 91

Community Bank Community Fintech Guidelines 91

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. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert.

Data 91

Data How To Community Bank California 91

Abrigo

SEPTEMBER 22, 2015

Earlier this month the Federal Financial Institutions Examinations Council (FFIEC) announced that it plans to lighten the regulatory load for small financial institutions by cutting back on data required for an institution’s quarterly call reports. The article allowed banking executives to weigh in on the subject.

Community Bank 150

Community Bank Community FDIC Survey 150

South State Correspondent

APRIL 15, 2024

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. Use data, analysis, and decision making to figure out the truth, and not to justify existing thinking. Leaders must try to discern long-term trends.

Community 195

Community Community Bank Leadership America 195

PYMNTS

JANUARY 9, 2018

Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index. Here, again, lies another opportunity for community banks to fill the void.

Community Bank 131

Community Bank Community Fintech Lending 131

South State Correspondent

MAY 31, 2023

The concept that we allow the customer to choose how they want to bank often enables the bank to be passive in its position and give up agency. In this article, we look at cell phone tracking data for about 1,000 branches across the industry to derive insights to help banks increase branch engagement and boost branch profitability.

Data 195

Data Branch Strategies Strategy Mobile 195

South State Correspondent

NOVEMBER 29, 2023

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. Many banks fall into the “recency trap.”

Marketing 195

Marketing Regional National Nashville 195

South State Correspondent

APRIL 4, 2024

Furthermore, high federal government debt does not just lead to higher interest rates but also poses economic, national security, and social challenges. Federal Debt – Impact Banking The path of the federal debt is already changing economic and public dynamics. With time, these changes will only amplify.

Risk Management 195

Risk Management Community Bank Policies Community 195

BankInovation

APRIL 5, 2023

Data analytics software platform KlariVis is expanding its national outreach by partnering with professional services firm CliftonLarsonAllen (CLA). CLA will be an exclusive provider of KlariVis moving forward to add to the number of community banks that have access to the KlariVis platform, a release from the companies said.

Data 52

Data Community Bank Software Analytics 52

Abrigo

MAY 8, 2024

Takeaway 2 Generative AI models emulate data put into them to generate apparently new content such as text, images, audio, or video. GenAI is seeing varied use cases in banking. That compares to 39% of global or national banks with more than $10 billion in assets.

Examples 222

Examples Fraud Resources Risk Management 222

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

ABA Community Banking

JUNE 12, 2020

The post ABA Data Bank: 7 in 10 Small Businesses Nationally Have Received PPP Loans appeared first on ABA Banking Journal. "In less than two months, the PPP is supporting the employment of apprimately 50 million workers."—Treasury Treasury Secretary Steven Mnuchin.

National 102

National Data Community Bank Community 102

Banking 2020

SEPTEMBER 16, 2014

Sageworks recently ranked more than 6,600 banks in the United States to find the 15 best-run community banks. banks and credit unions. banks and credit unions. Notably, small community banks took a large portion of the list with two-thirds of banks listed having less than $500 million in assets.

Community Bank 78

Community Bank Community United States Texas 78

South State Correspondent

AUGUST 22, 2023

The opportunity for the product is that for an average community bank, 83% of their commercial, non-profit, and municipal customers are NOT using treasury management services. This likely creates the most significant single profitability lift for any bank. Beyond that, most models fall off.

Management 195

Management Community Bank Survey Community 195

Independent Banker

DECEMBER 31, 2022

While the pace of bank regulatory changes has diminished from a few years ago, several issues will either become effective or likely develop in 2023. Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. Data privacy.

Compliance 100

Compliance FDIC Community Bank Community 100

Independent Banker

JUNE 30, 2022

The Peoples Bank helped the Jones family of Legacy Dairy in Hiseville, Ky., From left, Ally Jones; bank chairman, president and CEO Terry L. Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. The bank provides crop insurance to farmers in 11 states.

Community Bank 172

Community Bank Community National Philadelphia 172

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. Community banks with larger percentages of DDA balances will fare better.

Community Bank 195

Community Bank Community Industry Online 195

South State Correspondent

APRIL 10, 2023

CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). The risk here is that community banks continue to take on an above-average amount of CRE credit exposure. higher than their initial loan.

Community Bank 195

Community Bank Community Los Angeles Regional 195

Abrigo

NOVEMBER 29, 2021

Takeaway 3 Community banks have seen less volatility in noninterest income, and many are still eyeing growth across the category. Investment banking : Fiduciary activities from trust department services, insurance. Other: Miscellaneous income such as rent, data processing services, sale of miscellaneous assets.

Community Bank 195

Community Bank Community FDIC Trends 195

Gonzobanker

FEBRUARY 22, 2024

Community banks need to analyze the demographics and varied business segments to identify the growth potential of each market. Another key player for successful small business banks is the vice president of business lending, who manages the relationship managers and reports to the chief lending officer.

Lending 78

Lending Community Bank Community Strategy 78

PYMNTS

MARCH 26, 2020

To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks — must transform the way they think about digital offerings and connected experiences. That means they can compete more effectively against digital-only competitors.

Community 247

Community Community Bank Mobile Cards 247

CFPB Monitor

OCTOBER 25, 2022

Rhinebeck is correct that the installment contracts analyzed by DFS in the action did not contain information on the race or national origin of borrowers. Third, as noted, the use of proxy data (here, BISG coding) may result in findings of disparate impact that are actually due to errors in the coding, not actual discrimination.

New York 78

New York Lending Community Bank Community 78

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

South State Correspondent

MARCH 6, 2023

We argued that community banks should favor 1.40X to 1.50X DSCR credits, as that is the minimum cash flow required to withstand a standard recession. Many national and regional banks incorporate a minimum debt yield ratio as an underwriting criterion. debt yield ratio ($135k divided by $1.5mm).

Community Bank 195

Community Bank Community Lending Regional 195

South State Correspondent

NOVEMBER 17, 2016

Data this week from the electronic payment association, NACHA, shows that the new same-day payment functionality totaled $3.8mm transactions worth almost $5B for the first full month of availability.

Community Bank 150

Community Bank Community National Data 150

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. The result is a credit-skewed portfolio to the negative.

Lending 195

Lending Community Bank Community Data 195

Abrigo

NOVEMBER 21, 2014

Now that banks have filed their third quarter financial reports , what did the lending picture look like last quarter? Nationally, the picture is a fine one. banks is up $157 billion from the same period in 2013. bank and credit union, named the “ Top 15 community banks by commercial loan growth.”

Lending 188

Lending South Carolina Miami Community Bank 188

Independent Banker

JUNE 30, 2022

A new approach to loan protocols is just one way for community banks to grow in new and different directions. Amid changing economic conditions and rising rates, it’s a good time for community banks to re-evaluate their loan strategy with an eye on adaptability. David, Community Bank Consulting Services, Inc.

Lending 103

Lending Strategy Community Bank Community 103

South State Correspondent

DECEMBER 8, 2023

Small Business Preferences for Choosing a Bank Are Changing Curinos presented some interesting data about the changing face of small business preferences when opening a transaction account. Other banks focused on the customer experience, while others looked at technology that enhanced cross-selling.

Conference 195

Conference Retail Community Bank Technology 195

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

South State Correspondent

FEBRUARY 8, 2023

Turn artificial intelligence loose on a data set, and you learn an array of little things come into play on the path to achieving your desired level of new deposit balances. While national banks are getting more sophisticated, many regional banks still think of just price, giving community banks a considerable advantage.

Community Bank 195

Community Bank Marketing Community Regional 195

PYMNTS

APRIL 16, 2019

Among the most recent headlines, in Asia this past week, the Monetary Authority of Singapore (MAS) and the National Bank of Cambodia have signed a memorandum of understanding (MOU), that Business Times said will boost partnerships on FinTech and financial services innovation.

Fintech 211

Fintech San Francisco National Innovation 211

South State Correspondent

MAY 9, 2023

Last week ( HERE ), we looked at how deposit account tiering is used, some of the objectives that banks might employ, and the effectiveness of tiering in total. As discussed last week, many banks tier without objective, without data, and without supportive marketing, thus rendering the methodology worthless and possibly hurtful.

Data 195

Data Training National System 195

South State Correspondent

SEPTEMBER 20, 2023

After partnering with Paramount Financial Technologies and interviewing hundreds of banks about their cash management platforms, we have compiled data to help banks benchmark their positioning in order to derive a roadmap for improvement.

Management 195

Management Survey Industry Community Bank 195

Independent Banker

SEPTEMBER 30, 2021

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. But for most community banks, building a trustworthy brand isn’t a conscious effort. billion-asset community bank. Build your community.

Community 139

Community Community Bank social media Security 139

South State Correspondent

MAY 23, 2022

Customers and competitors are challenging community banks to extend loan duration – borrowers are eager to lock fixed rates before they rise further, and many competitors are happy to oblige. But what are the optimal fixed terms for community banks given today’s interest rate, credit, and liquidity environment?

Lending 195

Lending Community Bank Community Capital 195