Independent Banker

APRIL 30, 2022

Independent Banker’s annual listing top-performing community banks of 2021 alongside interviews with some of the winners. In true community bank fashion, each has its own story to tell and its own path to success. In true community bank fashion, each has its own story to tell and its own path to success.

Community Bank 172

Community Bank Community Montana Taxes 172

Abrigo

JANUARY 17, 2023

Takeaway 1 Many financial institutions used a customer portal for PPP, but once the program ended, went back to old manual processes, Takeaway 2 Automating lending provides a secure portal between the bank and customer and automated workflows that speed origination. In my experience, community banks only do what they have to do.

Lending 195

Lending System Customer Experience Case Study 195

Abrigo

DECEMBER 8, 2016

As community banks and credit unions look toward 2017, many will be focusing on small business lending for loan portfolio growth, according to a recent Sageworks poll. However, small business lending comes with some unique challenges that banks and credit unions will need to address in order to grow their business lending portfolios.

How To 150

How To Lending Community Bank Community 150

Independent Banker

OCTOBER 31, 2021

“I’m not sure how we would have processed all of the PPP loans and everything else in the last 18 months without some of the technology that we have implemented,” says Chris Jundt, senior vice president and chief lending officer at First State Bank & Trust. Northpointe Bank in Grand Rapids, Mich., Cashing in on efficiencies.

Lending 91

Lending Community Bank Community North Dakota 91

Gonzobanker

MAY 31, 2019

article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.” Institutions are “spreading” financial statements for electronically provided tax returns or financial statements.

Lending 136

Lending Community Bank Community Data 136

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. AvidXchange.

Taxes 107

Taxes Compliance Tools System 107

Independent Banker

JULY 30, 2015

The Independent Bankers Association of New York State has been actively advocating for several initiatives to enhance community banking and the communities and customers our members serve. These increased burdens and costs have had an impact on the number of community banks.

Community Bank 70

Community Bank New York Community Taxes 70

Independent Banker

JULY 30, 2015

In Texas, data security, debit card surcharges and compensation for records searches become legislative issues. Some of the most pressing issues this year involved data security breaches, patent trolls, debit card surcharges and reimbursements for litigation records search requests. Data security breaches. By Steve Scurlock.

Data 70

Data Texas Community Bank Taxes 70

South State Correspondent

JULY 5, 2022

In a stagflation environment, as interest rates rise and cash flow (earnings before interest, taxes, depreciation, and amortization (EBITDA), or net operating income (NOI)) decreases, the borrower’s capacity to service debt as measured by the debt service coverage ratio (DSCR) decreases rapidly.

Management 195

Management Capital US Community Bank 195

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. AvidXchange.

Taxes 101

Taxes Compliance Tools System 101

Independent Banker

OCTOBER 1, 2022

By identifying the preferred banking and spending habits of different generations, scammers can tailor how they reach their targets. We look at community banks’ options for fighting this type of crime. By Katie Kuehner-Hebert. The only thing the criminal wants is for the scheme to succeed.”. Rehman Khan, Travelers.

Fraud 133

Fraud social media Millennials Examples 133

Jeff For Banks

FEBRUARY 4, 2023

Additionally, the implementation of new policies by the government, such as changes to taxes and regulations, could also influence economic outlook. Assistance in cyber security measures, such as "Describe the 2021 Kaseya ransomware attack."; The tool is still new and evolving.

United States 78

United States US Cyber Security Taxes 78

Independent Banker

FEBRUARY 24, 2016

Investment principles of top bank portfolio managers. Community bank institutional investment portfolio managers have been put through their paces the past several years. Yet that is exactly what many community banks have accomplished. Greg Steverson, Ledyard National Bank. By Karen Epper Hoffman.

Community Bank 70

Community Bank Community Texas Management 70

Ublocal

MARCH 14, 2022

As a homeowner, there may be times when you question the advantages of ownership as you calculate the annual amounts you spend on property taxes, home repairs, homeowners’ insurance, and mortgage payments. A HELOC is a secured loan in which your home equity acts as collateral. What is a HELOC? How can I use a HELOC?

New Hampshire 52

New Hampshire Vermont Taxes Cards 52

Abrigo

MAY 5, 2017

Providing information will help the borrower have realistic expectations and address some concerns with transparency and communication.” Eliminating paper by using online loan applications and allowing borrowers to upload required documents to a secure online portal may also improve the borrowing experience for businesses, Martin said.

Survey 150

Survey Online Lending Taxes 150

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. And quite frankly, I did not know there were so many tranches to mortgage-backed securities. Let those numbers sink in a bit. Good times.

FDIC 78

FDIC Community Bank Regulation Lending 78

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. Today Security Federal Savings’ vehicle-lending portfolio has been reduced to $3 million. MainStreet Bank in Fairfax, Va., Todd Thompson.

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. Today Security Federal Savings’ vehicle-lending portfolio has been reduced to $3 million. MainStreet Bank in Fairfax, Va., Todd Thompson.

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. is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon.

Oregon 101

Oregon Ohio California Community Bank 101

Jeff For Banks

SEPTEMBER 13, 2015

Since his joining the Board, the bank has stabilized, returned to profitability, recaptured it's deferred tax asset, and NPAs/Assets have declined to less than 3%. Selection: Mitch Englert, EVP of Community Banking, Capital City Bank Group, Inc. They "received" their funds, and lent it into their communities.

Community Bank 60

Community Bank Lending Community Security 60

Independent Banker

FEBRUARY 25, 2015

Community banks, which will continue to face a growing number of senior customers with everyday cash needs and built-up home equity, should explore this niche lending opportunity, two community bankers providing these specialty loans suggest. By Howard Schneider. who oversees 32 loan officers dedicated to providing the loans.

Trends 70

Trends Community Lending Community Bank 70

Independent Banker

SEPTEMBER 22, 2015

In June, five federal agencies (including FDIC, Office of the Comptroller of the Currency and the Federal Reserve) announced approval of a final rule that modifies regulations applying to loans secured by properties located in special flood hazard areas. There is an exception that will be key for many community banks to understand.

Regulation 70

Regulation Policies Community Bank Taxes 70

Independent Banker

FEBRUARY 24, 2015

As a consequence, supply-siders, like your bank’s brokers, tend to avoid using them during a sales pitch. It’s ironic, therefore, that one of those terms should actually be embraced by community bank investment managers, and should be used to begin the discussion of what’s suitable for their bank’s portfolio. They are 1.)

Management 70

Management Community Bank Community Comparison 70

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

Jeff For Banks

NOVEMBER 1, 2017

They have seemed fairly nervous about their large balance sheet, so in September, 2017, they announced that they would allow bonds to mature or pay off in October- by $4 billion in Agency mortgage backed securities and $6 billion in Treasuries, for a total of $10 billion. Tax cut and tax reform proposals have been floated.

Marketing 60

Marketing Taxes DC Community Bank 60

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. Large Community Bank Council, member. Membership-Marketing.

Ohio 70

Ohio Community Bank Community Lending 70

PYMNTS

JUNE 28, 2016

Banks are, by and large, the most common source for financing for SMEs surveyed by Pepperdine and Dun & Bradstreet. According to the data, large and community banks accounted for 30 percent of the sources of financing for small businesses in the last quarter. Sources of External Financing.

Capital 106

Capital Lending Survey Cards 106

Jeff For Banks

JULY 8, 2017

trillion in Agency mortgage backed securities. Physical security costs ramped up over the past 15 years; just ask the airlines and Homeland Security. Dorothy has been with Penn Community Bank and its predecessor since November, 2004. Remember all of the quantitative easing, or “QE,” purchase programs?

Marketing 60

Marketing Community Bank Security Data 60

Abrigo

APRIL 22, 2024

Takeaway 2 Several small business lending processes can tax both borrowers and staff. As a share of their total assets, community banks have more business loans below $1 million than larger banks, according to the St. DOWNLOAD Takeaway 1 Financing plays a crucial role in small business survival and success.

Lending 243

Lending St. Louis Community Marketing 243

PYMNTS

MARCH 18, 2019

Somewhat ironically, these are some of the same players who now use the card rails to push payments in real time between senders and receivers on their respective platforms – Square Cash App, Venmo and Apple Pay Cash – and pretty cheaply, and very securely, across the debit card rails. and one of two operators of the ACH network in the U.S.,

Payments 201

Payments Cards Operations System 201

Jeff For Banks

APRIL 12, 2018

Which we already do via buying mortgage back securities and using loan brokers in metro areas. Are you ready to be Web Bank , part deux? Most community financial institution strategies has some sort of “community” focus. It’s implied whenever someone says “we’re a community bank”. Real estate secured.

Lending 60

Lending Resources Community Metro 60

MyBankTracker

JULY 31, 2020

Big banks and community banks are another option if you’re a first responder looking for a personal loan. These banks may not advertise loans specifically to first responders, but they might give first responders a discount on their interest rate. Many people will show a drivers license and a Social Security card.

Community 52

Community Cards Online Maryland 52

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

Independent Banker

AUGUST 26, 2015

Webster says 75 percent of Private Bank’s borrowers select the electronic signature option after its loan officers explain the process to them. “We Community banks and their customers don’t need to be concerned about the legality of digitally signed documents. Legal aspects.

San Francisco 70

San Francisco Lending System Atlanta 70

South State Correspondent

OCTOBER 4, 2023

Having to pay near SOFR rates will give you a false sense of security, cost you more in the long run, and slowly erode franchise value. Few banks purchase the keyword, and fewer even produce organic content about the importance of businesses establishing an emergency reserve account funded by six months of operating expenses.

Marketing 195

Marketing Taxes Training Management 195

South State Correspondent

MARCH 15, 2023

Now, customers and analysts will pay more attention to Loans + Securities-to deposit ratio. Instead of just looking at LTD, investors, and depositors, will now look at loan plus securities to total deposits. The ratio would provide a bank’s current core capital position to risk-adjusted assets.

social media 195

social media FDIC Branding Management 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 101

Conference Industry Community Bank Community 101