South State Correspondent

FEBRUARY 11, 2015

'Ask bankers what they believe is the number one driver of return on assets and many will answer “net interest margin” (NIM). Year after year, net interest income has very little correlation to a community bank’s return on assets (ROA). Chart ROA and NIM together and you find that the most profitable banks don’t have the largest NIM. Despite the lack of correlation, the perception exists that increasing NIM will result in better performance.

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Abrigo

FEBRUARY 10, 2015

'By Brad Spence, Director of Valuation Solutions, Sageworks. Remember the old saying, “Make hay while the sun shines”? It’s a good reminder that one should take advantage of opportunities while they’re available. Valuation services represent one good opportunity for growth that many accountants recognize and are taking steps to address.

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How To Examples Taxes Report 196

CFPB Monitor

FEBRUARY 10, 2015

'Alan S. Kaplinsky The CFPB’s payday loan rulemaking was the subject of a NY Times article this past Sunday which has received considerable attention. According to the article, the CFPB will “soon release” its proposal which is expected to include an ability-to-repay requirement and limits on rollovers. Two recent studies cast serious doubt on the rationale typically offered by consumer advocates for an ability-to-repay requirement and rollover limits—namely, that sustained use

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Study Lending Data Regulation 105

Gonzobanker

FEBRUARY 11, 2015

'“The profit was five, split evenly between the two of us, which meant that my fair share was three (2.5 rounded off).” -Jarod Kintz, A Zebra is the Piano of the Animal Kingdom. Gonzo denizens, all of us like nothing better than a little test to start the day. As always, we are here to help. Here’s today’s question: Which of the following is the correct definition of a profitability system at a bank?

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South State Correspondent

FEBRUARY 12, 2015

'Sometimes here at CenterState, we feel like hamsters - $25mm of loans go on our balance sheet in a month and $20mm runs off. Of course, most all of those loans don’t have prepayment protection so the result may be our own doing. When banks originate a loan without a prepayment penalty or yield maintenance provision they are giving away economic value to the borrower – on average 7.2% of total loan value to be exact.

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Matt Wilcox Pro

FEBRUARY 10, 2015

'If numbers can make you look smart, it should stand to reason that big numbers can make you look super smart. But then, looks can deceive. Don’t get me wrong. I hardly need enumerate the virtues of big data. It reveals behaviors, preferences, and predilections on a mass scale. All of which are useful. But [.

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Data Big Data 86

CFPB Monitor

FEBRUARY 10, 2015

'Barbara S. Mishkin The CFPB has issued a “ Snapshot of reverse mortgage complaints ” covering complaints submitted to the CFPB from December 2011 (when the CFPB began accepting consumer complaints on reverse mortgages) through December 2014. According to the report, the CFPB handled approximately 1200 reverse mortgage complaints during that period.

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Report Examples Payments 83

South State Correspondent

FEBRUARY 10, 2015

'Community banks often treat all sized loans the same when it comes to pricing. A $3 million loan is priced the same as a $700,000 loan. For banks that do this, keep in mind that they are not one, but two steps away from reality when it comes to superior bank performance. For starters, a larger loan is more profitable since a $10 million loan takes almost the same sales, marketing, underwriting and booking effort as a $1 million loan.

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Abrigo

FEBRUARY 9, 2015

'One of the most popular tools to monitor credit risk is a standardized risk rating system. A credit risk rating system provides banks and credit unions the opportunity to grade transactions in their commercial loan portfolio by level of risk. CEIS Review , a New York-based bank consulting firm, recently published an article on these systems in their newsletter, The CEIS Quarterly.

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System Handbook New York Risk Management 150

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Jeff For Banks

FEBRUARY 7, 2015

'Researchers at Rice University performed a study on CEO compensation, including bank CEOs, relative to average employee compensation. The study was in reaction to the media''s often cited pay disparity between the CEO''s of the largest institutions and their rank and file employees. As for banks, the Dodd-Frank Act mandates that all corporations administer a non-binding shareholder vote on the compensation of its executives.

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CFPB Monitor

FEBRUARY 10, 2015

'Barbara S. Mishkin In the FTC’s 2014 annual letter to the CFPB summarizing the FTC’s debt collection activities, the FTC describes the CFPB as a “valuable partner” with whom the FTC anticipates an “even stronger [partnership] in the future.” The letter includes a discussion of the FTC’s collaboration with the CFPB on several amicus briefs in cases involving FDCPA issues, specifically Delgado and Buchanan dealing with the collection of time-barred debts

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Report Data Company 75

South State Correspondent

FEBRUARY 9, 2015

'In order to give you the most current perspective on our banking industry, we have compiled the latest data and have attached a complete presentation at the bottom of this blog post. In short, we should have issued this last week on Groundhog day, as fourth quarter performance was largely similar to third quarter’s performance.

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SWBC's LenderHub

FEBRUARY 13, 2015

'Many financial institutions—particularly credit unions and community banks—put member service and customer relationships above all else, including technological advances. Think about it: our credit union brethren are typically last to adopt the latest and greatest in banking technology—ATMs, online banking, mobile deposits, etc. The reasons why are simple.

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Technology ATM Community Bank Community 73

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Banking 4 Tomorrow

FEBRUARY 11, 2015

'The unconventional and always entertaining Mayor of London descended with his team on Midtown New York City today to launch a new initiative between the two cities, with Arianna Huffington kicking off the promotional event.

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New York City New York Fintech 70

ABA Community Banking

FEBRUARY 13, 2015

'New research adds perspective to “unbanked, underbanked” thinking—banking needs more such data Retail Banking Compliance Viewpoints Customers Compliance Management.

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Compliance Retail Data Management 72

South State Correspondent

FEBRUARY 13, 2015

'A frustrated bank leader sat alone amidst stacks of analyses showing the slow erosion of the margin, once the bank’s engine of profitability.

How To 150

How To 150

Banking 2020

FEBRUARY 12, 2015

'The growing cacophony over the future of branch banking is richly-threaded with expressions like “reduced footprint,” “mobile,” “digital,” “tellerless branch” and “multi-channel integration,” but amid the calls to build ever-smaller custom micro-branches, there is another issue: large legacy branches. Large legacy branches are large square footage branches, whose owners or tenants cannot simply leave, for one reason or another.

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Community Retail Mobile Community Bank 63

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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

Lending

Tomorrow's Transactions

FEBRUARY 13, 2015

'There’s been a lot of buzz around Bill Gates’ challenge to bank the unbanked, set out in this excellent Verge article. Naturally I agree with the sentiments, but the use of the word “unbanked” bothers me. There are billions of people around the world who have no access to financial services and are thus prevented from taking steps to move them out of poverty.

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Mobile Case Study ATM Groups 58

ABA Community Banking

FEBRUARY 13, 2015

'Fintechnician Chris Skinner sketches future for finance Technology Payments Blogs Reporters Notebook.

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Technology Report Payments 81

Javelin Strategy & Research

FEBRUARY 12, 2015

'Many digital and retail leaders are frustrated. “ What do I have to DO to get into the best digital customer relationships? ” they ask. “ How can I build a business case where the payoff is anywhere as certain as the sky-high cost (that I probably can’t get approved this year anyway) ?” is another one. Here’s another favorite I here: “ We’re just going to be a fast-follower in digital ” is another common refrain I hear, yet privately these same folks tell me the only thing they are rapidly doin

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Austin Customer Experience Data Retail 57

Banking 2020

FEBRUARY 10, 2015

'Bitcoin makes moves for greater legitimacy. The alternative currency did gain rapid traction in limited circles, but never really hit the mainstream. Finance is a serious issue, and rebels are usually not welcome. That’s just one reason why the reality could never match the hype, and Bitcoin stayed on the fringes. Until now.maybe. In late January, Coinbase , which bills itself as the ‘world’s most popular Bitcoin wallet,’ made moves to gain greater legitimacy by launching the first licensed U.S

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Bitcoin New York Apple Operations 60

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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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Jack Henry

FEBRUARY 11, 2015

'Author: Kevin Moland, KMoland@profitstars.com.

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Strategy Mobile Management 80

ABA Community Banking

FEBRUARY 13, 2015

'SNL Report: Banks keep searching for “transformational” deals as field warms up Financial Research Management CSuite Performance Community Banking.

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Community Bank Community Management Report 50

Javelin Strategy & Research

FEBRUARY 11, 2015

'With February 14 th fast approaching, everybody is scrambling to find that special something to show you care. The web is awash with 21 st century suggestions, like subscription grooming products , “cord tacos,” and mobile games. But for a mobile banker, there’s only one gift worth considering in 2015: a feature that allows them to view balances and recent transactions before logging in.

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Mobile Report 52

Banking 2020

FEBRUARY 13, 2015

'Below are interesting stories the Banking.com staff has been reading over the past week. Articles via American Banker, Payments Source, The Financial Brand, Bank Innovation. Bank websites said to suffer from attention shift to mobile: While banks’ mobile banking capabilities are continuing to evolve, in some cases, Web-based products and services are being ignored.

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Apple Mobile Payments Millennials 48

Advertiser: Data Robot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

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