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Jim Reber: March sanity

Independent Banker

What this has to do with community bank investment management may not be readily apparent. Belly of the curve matters to community banks. First, the average duration of a community bank bond portfolio is more than four years right now. In fact, the tone is about to improve. More often, the two operate independently.

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Jim Reber: Collateral advantage

Independent Banker

By Jim Reber, ICBA Securities As many community bankers are still picking up the pieces from their bond portfolio’s meltdown last year, it occurs to me that the breathtaking rise in rates has created at least one byproduct that is both unusual in frequency and tangibly beneficial for future performance. One is that they are loan surrogates.

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Jim Reber: Floating rate assets are back

Independent Banker

Community bankers have come to grips with the notion of their bond portfolios being, ahem, “submerged” in a number of ways. This column, in many cases, reflects what your correspondent hears from community bankers at conventions, seminars and in old-fashioned discussions. The 2022 Balance Sheet Academy will be held in Memphis, Tenn.,

Memphis 103
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Diversity assessment and remedial measures required by CFPB consent order

CFPB Monitor

Department of Justice of charges that the bank’s mortgage lending practices violated the Equal Credit Opportunity Act and Fair Housing Act by redlining majority-minority neighborhoods in the Memphis MSA and illegally discriminating against African Americans in the underwriting and pricing of certain mortgage loans.

Memphis 60
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Fiverr Launches Program To Make Cities ‘Gig Worker Friendly’

PYMNTS

Brent Messenger, global head of community at Fiverr, told PYMNTS that as freelancing becomes a way of life for so many, it’s time workers get access to the tools they need to manage a freelance lifestyle and budget as well as to grow their freelance career — and it’s time for cities to make themselves more welcoming to this type of worker.

Miami 102
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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

The analyst community balked at longer-term questions about the company’s liquidity even though 2019 was the company’s sixth straight year of triple-digit revenue growth with over 177,000 cars delivered and just shy of $4 billion in revenue. Oklahoma City, and Memphis. billion, on an 82 percent increase in retail sales. Ontario (L.A.),

Company 130
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ICBA Connect- A Celebration of Community Bankers

Social Assurance

The ICBA Connect theme was built around a celebration of community bankers, and the accomplishments achieved this past year. These community bankers were the heroes of their community in 2020 and were absolutely in the spotlight during the virtual conference. As leaders in our community, we need to be constantly achieving.