Jeff For Banks

APRIL 30, 2022

Me: Commercial Real Estate loans are the most profitable product in a community bank's arsenal and have been through various interest rate environments. Bank Senior Lender: Not when you consider the whole relationship. In a world of limited resources, which should you dedicate resources to pursue?

Lending 78

Lending Massachusetts Taxes Community Bank 78

Abrigo

MAY 30, 2017

One of the biggest obstacles for many community banks and credit unions with aggressive growth goals is staffing. However, growing the staff can be a real challenges for many banks and credit unions. Moreover, many community banks and credit unions are located in more rural areas.

Technology 150

Technology Community Bank Lending Community 150

Independent Banker

JUNE 30, 2022

But there are ways community banks can help mortgage-seekers get on the property ladder. Burmis, senior vice president and retail lending manager at $450 million-asset Chelsea State Bank in Chelsea, Mich. So how can community banks help? Providing educational resources. By Beth Mattson-Teig.

Community Bank 143

Community Bank Community Millennials Resources 143

Abrigo

JANUARY 17, 2023

Customers were used to this bank interface after two rounds of PPP, and then we dropped it like a lead balloon. In my experience, community banks only do what they have to do. The customer portal for requesting financials and tax returns. First, a secure portal between the bank and the customer. They are: .

Lending 195

Lending System Customer Experience Case Study 195

Abrigo

JULY 15, 2015

The transition from compliance to consulting makes sense: tax season is just that, a “season,” and nearly 60 percent of respondents to a Sageworks survey indicated they saw an increase in total revenue by adding financial services to their accounting practice. The advantage of working capital is obvious to some degree.

Management 150

Management Resources Capital Taxes 150

Independent Banker

JANUARY 31, 2022

Here’s how four community banks are thriving in this environment. There’s a lot of energy in the southern half of Texas, and it’s not just the resources that power our homes and cars. We spoke with four community banks in the southern half of Texas to learn how they are serving this buzzing region.

Texas 182

Texas San Antonio Community Bank Community 182

Abrigo

NOVEMBER 7, 2019

Strategies to lessen the impact of CECL on smaller community banks. How to lessen the impact of CECL on smaller community banks. Many smaller community financial institutions are driving the conversation of cost vs. benefit regarding CECL. WARM was geared specifically to community banks. Learn More.

Community Bank 150

Community Bank Community Lending Analysis 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.

How To 91

How To Louisville Community Bank Training 91

Independent Banker

AUGUST 27, 2015

Most banks today are struggling with the reality of shrinking net interest margins due to increased competition for fewer quality loan opportunities. Most community banks do not offer trust services due to the significant barriers to entry into this particular financial service line. But what about trust services?

Community Bank 70

Community Bank Florida Community Taxes 70

Abrigo

NOVEMBER 6, 2019

Small Business Loans | 5 minute read Key Takeaways Credit unions' small business loans hit a record low, while small business lending continues to remain strong at big banks and community banks. For big banks and community banks, on the other hand, small business lending remains strong.

Lending 150

Lending How To Community Community Bank 150

Jeff For Banks

JUNE 20, 2013

Credit Unions don''t pay taxes! The frequent and resource sapping waling about credit unions tells me that banks don''t know their enemies, umm, competition. The frequent and resource sapping waling about credit unions tells me that banks don''t know their enemies, umm, competition. So I will give banks that point.

Resources 109

Resources Pennsylvania Marketing Community Bank 109

Jeff For Banks

MARCH 5, 2021

A bank trade association CEO asked me a couple of questions while he was researching an op-ed piece. Shouldn't the CFPB work to address the impediments to starting a bank in LMI markets rather than punish community banks who scrambled to serve their customers when the economy shut down? The edited Q&A is below.

Regulation 78

Regulation Indiana Charlotte Community Bank 78

Jeff For Banks

JUNE 2, 2023

In this regard, the bank regulatory agencies need to remain politically independent. Third, the regulators need adequate financial resources. 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.

FDIC 78

FDIC Community Bank Regulation Lending 78

Jeff For Banks

MAY 20, 2017

How significant was CRE lending to the souring of bank loan portfolios? It shows the pre-tax profit as a percent of the loan portfolios measured. We perform this service for dozens of community banks. Indeed, even today, CRE is the most profitable community banking product. What do your customers demand?

Lending 60

Lending Regulation Community Community Bank 60

Jeff For Banks

APRIL 12, 2018

Most community financial institution strategies has some sort of “community” focus. It’s implied whenever someone says “we’re a community bank”. Even the big banks. Meaning that all bank resources that are dedicated to the consumer loan function is fully allocated to the product, whether they are being used or not.

Lending 60

Lending Resources Community Metro 60

Independent Banker

AUGUST 27, 2015

So when that happened in our market, it really created a void for a community bank to offer these kinds of services. With the tax laws changing, there may not be as much need for trusts, but second marriages, disabilities and wealth preservation are going to continue to be important issues in establishing trusts.

Community 70

Community Community Bank Texas US 70

Independent Banker

FEBRUARY 25, 2015

More senior citizens are living longer, and some are falling short of the financial resources they anticipated they would need in their golden years. While niche nonbank players are providing these loans, this lending opportunity is wide open for traditional community banks, the community bankers say. By Howard Schneider.

Trends 70

Trends Community Lending Community Bank 70

Jeff For Banks

JUNE 11, 2018

"The legacy [of build it and they will come] is an inefficient allocation of resources dedicated to supporting a less relevant delivery channel." So went an informative branch research report put out by my old friend and excellent bank stock analyst, Matt Schultheis of Boenning & Scattergood. Won by the national banks.

Taxes 60

Taxes Compliance Survey National 60

Jeff For Banks

DECEMBER 1, 2015

In the chart below, derived from The Kafafian Group’s (TKG) peer database of hundreds of community bank branches, we see that the revenue generated from deposit spreads, asset spreads (typically consumer loans), and fees (typically deposit fees) as a percent of branch deposits averaged 2.08% for commercial banks and 1.88% for thrifts during 2014.

Pennsylvania 60

Pennsylvania Community Bank Community Taxes 60

Independent Banker

MARCH 31, 2022

We asked community banks how they’re dealing with the resulting shifts in their employment models. Before remote work was an emergency measure to keep employees safe from a devastating virus, it was a perk some community banks offered to retain and attract talent. One bank that is not turning back. WesBanco, Inc.

Missouri 142

Missouri Community Bank Community Management 142

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

Banking 2020

OCTOBER 30, 2015

Out on the campaign trail, Sen Bernie Sanders (D-VT), has fired up support with calls for higher taxes on the wealthy, raising the minimum wage, and breaking up Wall Street conglomerates. Meanwhile, many of these areas actually do have government-funded post offices with resources to spare. That’s bad for them, and for the economy.

Community 40

Community United States Survey Millennials 40

South State Correspondent

MAY 1, 2024

With financial hardship, competition from dominant players, and a startup budget, Gentle Monster faced many of the same challenges as a community bank. How Banks Can Leverage: Niche markets abound in banking, and community banks are in the perfect position to create a following on a national level should they desire.

Innovation 195

Innovation social media Branding Marketing 195

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 91

Conference Industry Community Bank Community 91

ABA Community Banking

DECEMBER 9, 2019

It's fairly obvious why banks are so focused on attracting and retaining high caliber employers. The post Developing and Retaining Top Talent for Long-Term Success appeared first on ABA Banking Journal. Just as in sports, when you have a talented team and a good game plan, you get great results.

Resources 97

Resources Taxes Community Bank Community 97

Independent Banker

JULY 29, 2016

Around the Table—Wisconsin community bankers work with legislative staff members on Capitol Hill during ICBA’s Washington Policy Summit. Keeping community banking interests front and center. 812) and the Community Bank Access to Capital Act (H.R. Advocacy Resources. By Courtney Schoenborn. 1233 and S.

Community Bank 70

Community Bank Community Washington FDIC 70

NCR

APRIL 13, 2016

Many will use retirement funds and will pay the penalty and the tax for early withdrawal. Our Dreamspark product enables people to access their own capital by way of their retirement funds without paying a penalty or tax for the early withdrawal. Q: How do you surround yourself with good, resourceful people?

Capital 40

Capital Marketing How To Lending 40

Fintech Labs Insights

JULY 22, 2015

Avalara will detail the Weird and Wacky World of Sales Tax. Did you know that sales-tax in the U.S. There are over 12,000 taxing jurisdictions covering millions of taxability rule combinations. Fidor Bank introduced community banking five years ago. is handled unlike any other place on the planet?

San Francisco 12

San Francisco Video Fintech Data 12

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 75

Taxes Video Analytics Arkansas 75

Jeff For Banks

FEBRUARY 3, 2017

Third, the explosion in regulations over the past eight years has served to hinder businesses, especially new small business formation, and has drained valuable resources as compliance costs soared. Corporate and personal tax cuts were promised, with the corporate rate dropping from 35% to 15%.

Marketing 60

Marketing Taxes Regulation US 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