Abrigo

FEBRUARY 12, 2021

Preparing for 2023 While community banks have until 2023 until they must comply with CECL, there is likely less time than expected. . While community banks have until 2023 until they must comply with CECL, there is likely less time than expected. Additionally, consider how accurate the data is – do you trust it?

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Community Bank Community Data Analysis 195

South State Correspondent

FEBRUARY 22, 2024

Banks consistently produce under their cost of capital. For example, at present, return on equity performance is about 12% for the average community bank. However, for the average bank, their cost of capital is between 9% and 14% depending on the bank’s equity liquidity with an average of 12.5%. Why is that?

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South State Correspondent

MAY 15, 2024

We believe that while lending diversification leads banks to lend more in normal times (especially for banks over $50B in assets) and does benefit the general economy, community banks should be careful in how and where they choose to diversify. We are not yet witnessing the end of the current expansion cycle.

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South State Correspondent

MAY 15, 2024

We believe that while lending diversification leads banks to lend more in normal times (especially for banks over $50B in assets) and does benefit the general economy, community banks should be careful in how and where they choose to diversify. We are not yet witnessing the end of the current expansion cycle.

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Community Bank Community Lending Study 195

South State Correspondent

APRIL 19, 2023

In this article, we will look at deposit performance data related to high balances and show how banks can dramatically increase value by restructuring relationship-based products and better-allocating marketing/sales dollars more efficiently. million of franchise value per $10 million of money market deposits.

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Independent Banker

NOVEMBER 30, 2022

.; Bank of Montana, Missoula, Mont.; CNB Bank, Berkeley Springs, W.Va.; Midwest Bank, Norfolk, Neb. In our annual workplace survey, employees of ICBA’s best community banks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. What great resignation?

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South State Correspondent

APRIL 30, 2024

An inverted yield curve, continued bank failures, and the desire to manage risk and offer clients higher service are all factors that are driving more community banks to adopt a loan hedge program. Community banks do this profitably by turning transactional accounts into relationships.

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South State Correspondent

APRIL 30, 2024

An inverted yield curve, continued bank failures, and the desire to manage risk and offer clients higher service are all factors that are driving more community banks to adopt a loan hedge program. Community banks do this profitably by turning transactional accounts into relationships.

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Community Bank FDIC Community National 195

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. How long is your to-do list? Janet Silveria, Community Bank of Santa Maria. By Katie Kuehner-Hebert.

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South State Correspondent

SEPTEMBER 20, 2022

Last week, the American Banking Association (ABA) held its annual Bank Marketing Conference in Denver, receiving rave reviews. The theme was – developing your marketing superpowers. Amid the brewery networking, superhero costumes, and fun, some fantastic bank marketing lessons were had, and not just for bank marketers.

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South State Correspondent

MARCH 16, 2022

To make it into the podium, bankers must not only understand how to work with structural components but how to position them for the most efficient application of the creation of value. In this article, we focus on prepayment provisions and look at how a past gold medal winner does it. Prepayment Provisions Not Penalties.

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Independent Banker

FEBRUARY 28, 2023

Working hand in hand with digital transformation, data provides a powerful tool for community banks. Its accessibility, readability and applicability in today’s digital-first environment has enhanced community banks’ ability to serve their customers, creating a heightened experience.

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Abrigo

DECEMBER 17, 2021

The fintech market is growing exponentially, and it can feel overwhelming trying to decide which vendor would be the best partner for the financial institution. How to Establish Quality Fintech Partnerships. How is Your Institution’s Loan Review Function Organized? The support we get from Abrigo is a huge factor. Download Guide.

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Independent Banker

FEBRUARY 28, 2022

These community bankers share how they collect positive reviews, and how to respond to negative ones. Your digital footprint outside of your own properties is increasingly how decisions are made,” says Rob Birgfeld, executive vice president and chief marketing officer for ICBA. How to respond to negative reviews.

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South State Correspondent

SEPTEMBER 25, 2023

On September 20, 2023, the Federal Open Market Committee (FOMC) left its benchmark rate unchanged, but it would be a mistake to conclude that the committee did not send a strong message about the projected path of future interest rates. The cost of funds for community banks and non-community banks is shown in the graph below.

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Community Bank Community Industry Marketing 195

South State Correspondent

JUNE 24, 2022

However, because short-term interest rates are projected to be 2.00% higher within one year, stress testing cash flows with a 4.00% increase represents only 2.00% above the market-expected rate. Nonetheless, even at 2.00% above the market expected rate, many loans originated today will not cashflow above 1.0X.

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South State Correspondent

DECEMBER 11, 2022

The yield curve shape is an excellent opportunity for community bankers to provide sound risk mitigation and balance sheet management advice to borrowers. We see many community bank borrowers desperately seeking a trusted advisor to help guide them through this volatile cycle. We have a beef with this particular concept.

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South State Correspondent

OCTOBER 4, 2023

In an article last week ( Here ), we discussed how the higher-for-longer interest rate environment will affect the community bank sector. We argued that community banks must learn to improve performance in a low-growth environment for the foreseeable future.

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Community Bank Community Capital Comparison 195

Independent Banker

FEBRUARY 28, 2022

Kathy Strasser of IncredibleBank is evaluating marketing campaign management platforms. Customized, well-thought-out interactions—especially in the online banking space—are integral to wooing new customers and retaining existing ones. Fintechs know how to reach and work with the community. MainStreet Bank’s BaaS move.

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Fintech Marketing Community Bank Community 136

South State Correspondent

APRIL 4, 2022

This segment is steep because the market believes that the Federal Reserve will aggressively raise interest rates over the next couple of years. This is where most banks lend on commercial loans. Segment C of the lending curve has several advantages for community banks.

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South State Correspondent

JANUARY 20, 2020

We work on thousands of lending transactions every year with hundreds of community banks across the country. We witness the good, the bad, the ugly, and occasionally the very bizarre in bank marketing, under

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South State Correspondent

NOVEMBER 29, 2023

Community banks are striving to increase loan yield and maintain their cost of funding (COF). Unfortunately, pressure on COF is expected to remain, and loans will reprice slower than expected as borrowers with below-market rates will wait until the last maturity day to refinance their credits.

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Community Bank Community Tools Strategy 195

PYMNTS

JANUARY 9, 2018

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

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Community Bank Community Fintech Lending 131

Independent Banker

FEBRUARY 28, 2023

Photo by Radachynskyi/Adobe Using ICBA’s Marketing Communications Toolkit, your community bank can tell its story with intention and precision. For the banking industry, marketing can be finicky. It’s also important to know how to conduct yourself during an interview (see sidebar). Here’s a preview.

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Marketing social media Community Bank Video 91

South State Correspondent

MARCH 28, 2023

This article will compare pay-for-risk vs. relationship banking business models for community banks. In a pay-for-risk model, banks emphasize generating revenue by charging for risks that they take. Banks succeed by assessing and underwriting this risk, capitalizing on opportunities where risk is overpriced.

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Community Bank Community Management Marketing 195

Independent Banker

DECEMBER 31, 2021

As social media platforms tinker with their algorithms, marketing experts say one trend is clear: Paid social campaigns are becoming increasingly necessary to cut through the noise and reach customers. They share tips for how community banks can get started. Sometimes, the marketing team is a one-person show.”.

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Marketing Strategies Strategy Marketing social media 91

South State Correspondent

AUGUST 5, 2019

It sometimes pays to be opportunistic in marketing your community bank’s products. There is currently an exceptional market opportunity for community banks to win profitable business from larger competitors.

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The Emmerich Group

APRIL 4, 2024

In this session, I’ll show you how to get everyone in your bank thinking about how to go get the next best customers at premium pricing. You’re going to love knowing that you can expand that department so that everyone in the bank believes they are a marketer. I believe accountable people make the world go around.

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Abrigo

JUNE 11, 2021

As recently as May 2021, regulators identified interest rate risk as among the key risks in the economy, financial markets, and the banking industry that could affect insured institutions. The large increase in deposits coupled with decreased loan demand pose interest rate risk challenges for banks,” the Federal Deposit Insurance Corp.

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Abrigo

JANUARY 1, 2016

Government Accountability Office (GAO), community banks and credit unions are starting feel the impact of the Dodd-Frank Wall Street Reform Act. The GAO report, released on December 30th, examined nine Dodd-Frank rules that became effective as of October 2015 for impact on community banks and credit unions.

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Community Bank Community Compliance Training 150

Independent Banker

AUGUST 31, 2022

Job seekers are in the driver’s seat across most industries, including community banking,” says Lindsay LaNore, group executive vice president and chief learning and experience officer for ICBA. However, community banks have a big opportunity to stand out from the crowd of potential employers.”. Put people first.

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Independent Banker

AUGUST 31, 2021

The payments space can be dizzying for even the most enterprising community bank. How do you navigate the constant churn of innovations or disruptors? Banking-as-a-service (BaaS). Central bank digital currency (CBDC). A barrage of new payments potential has shaped the market since the start of the pandemic.

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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. How to reassure customers that their data is protected. By Katie Kuehner-Hebert. Bob Hickok.

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South State Correspondent

MARCH 26, 2024

Bankers provide advice based on the customer’s particular situation and needs, as those needs change and evolve over the customer’s lifetime and as the market changes. The bank is compensated by selling products, services, and especially insightful and targeted advice. Identifying the right customer at inception.

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Community Bank Community Security Resources 195

PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. faster payments system. faster payment system. When ‘Wait And See’ Won’t Cut It Anymore.

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Community Bank Community Innovation Millennials 116

Gonzobanker

SEPTEMBER 14, 2023

“Now, we regularly have 55,000 people come to a bank celebration,” Jill Castilla , the bank’s president and CEO, said on our Plugged In podcast. B: Coastal Community Bank launched Coastal World , a virtual world designed to market the Everett, Wash., bank’s fintech partners. 27 for Smarter Bank LIVE.

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