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. Good hedging partners will pass on taking trades that generate revenue for the vendor but create more unforeseen risk.

Community Bank 195

Community Bank FDIC Community National 195

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. Good hedging partners will pass on taking trades that generate revenue for the vendor but create more unforeseen risk.

Community Bank 195

Community Bank FDIC Community National 195

CFPB Monitor

JULY 15, 2021

The Federal Reserve, FDIC, and OCC have released proposed guidance for banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities such as bank/fintech sponsorship arrangements. Due diligence and third-party selection. Contract negotiation.

Risk Management 78

Risk Management Management FDIC Compliance 78

Perficient

AUGUST 16, 2023

A rather small bank, as of the end of its first quarter, the bank reported $139 million in total assets and $130 million in total deposits in its FDIC Call Report. Mr. Shan Hanes, who served as the bank’s President and CEO until its closure, joined the firm in 1993 as an agricultural loan officer and Informational Technology Officer.

United States 221

United States Kansas FDIC Risk Management 221

Abrigo

JULY 1, 2015

A segmentation strategy, though, is a great place to start to nail down an effective and efficient process – not only will it serve a substantial purpose for the ALLL, but also as a larger risk management tool. The goal is for the segmentation to be granular enough for the pools to show those similar loan characteristics.

Risk Management 150

Risk Management Management Strategy Lending 150

Perficient

APRIL 2, 2021

The five federal agencies are: the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (Fed), the National Credit Union Administration (NCUA) and the. This involves the use of AI to inform credit decisions to enhance or supplement existing techniques. Risk Management.

Regulation 309

Regulation Industry Risk Management Analysis 309

Abrigo

NOVEMBER 11, 2019

ALM | 4 minute read Key Takeaways Many financial institutions view asset/liability management as a "check-the-box" regulatory exercise. An extreme focus on using ALM to manage the risk of rising rates means some FIs overlook using ALM to grow earnings and capital, putting them at risk of underperformance.

Management 150

Management FDIC Community Risk Management 150

Abrigo

AUGUST 7, 2023

Applying model risk management to CECL What's involved in CECL model validation? Learn what banks, credit unions, and others subject to CECL accounting can expect from this risk management process. Model validation is a crucial aspect of model risk management.

Risk Management 195

Risk Management Handbook Analysis Management 195

Abrigo

APRIL 12, 2016

The FDIC is offering a fresh take on how a bank’s board of directors should understand and manage risk. The core principles for directors have not changed materially since 1988, the FDIC said. Risk management culture What exactly is a risk management culture? Evaluating risk management.

Management 150

Management FDIC Risk Management Community Bank 150

Perficient

NOVEMBER 10, 2023

This being the first blog post in a series of blogs by Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE), we will be investigating the deposit structures of non-client banks over time. Don’t hesitate to reach out and leverage our knowledge to make informed decisions.

Risk Management 221

Risk Management United States FDIC Compliance 221

Abrigo

MAY 19, 2023

Responsibilities may include assigning initial credit grades, ensuring grade changes are made when needed, or compiling the information necessary to assess the appropriateness of the ALLL. The complexity and scope of a loan review system will vary based on an institution’s size, type of operations, and management practices.

System 195

System Regulation How To Lending 195

South State Correspondent

AUGUST 21, 2022

Second, community banks should use FDIC-insured institutions as hedge providers, and the hedges must be structured as qualified financial contracts (QFC). We see substantial risk to community banks in dealing with non-FDIC hedge providers or those not offering QFC protection – think Lehman Brothers.

How To 195

How To Community Bank Community FDIC 195

Abrigo

SEPTEMBER 5, 2023

One that particularly annoys me is when an exception is being cited because it’s the only way to effectively track a portfolio segment due to a dearth of data in the bank’s information systems. Portfolio segments should be monitored and managed, not get buried in exception counts. It just stays on forever. and property tax payments.

Policies 195

Policies Lending Risk Management Examples 195

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. In effect, Cross River is in time out.

Compliance 109

Compliance FDIC Strategy Fintech 109

CFPB Monitor

AUGUST 31, 2021

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Risk management policies, processes, and controls. Risk management policies, processes, and controls.

Community Bank 78

Community Bank Community Fintech Company 78

Abrigo

AUGUST 8, 2021

An effective independent loan review system has always been critical for managing a financial institution’s credit risk and accurately estimating the allowance for loan and lease losses, or ALLL. Reviewing lending staff’s risk ratings. In many ways, they also provided more general guidance to financial institutions.

System 195

System Lending Policies Regulation 195

Independent Banker

OCTOBER 1, 2022

Cyber insurance not only provides financial reimbursement for losses; it also equips the insured with access to a list of preapproved incident response experts that are required to help the bank manage a cyber event. Regulators paying closer attention to cyber risks. Resources provide added value.

Montana 152

Montana Policies Resources FDIC 152

Independent Banker

DECEMBER 31, 2022

The FDIC approved a final rule to increase initial base deposit insurance assessment rates by 2 basis points until the Deposit Insurance Fund (DIF) achieves the FDIC’s long-term goal of a reserve ratio of 2% of insured deposits. The FDIC’s long-term goal for the reserve ratio of insured deposits. Source: FDIC.

Compliance 100

Compliance FDIC Community Bank Community 100

CFPB Monitor

APRIL 1, 2021

In what could be an important step towards needed regulatory updating to accommodate the growing use of artificial intelligence (AI) by financial institutions, the CFPB, FDIC, OCC, Federal Reserve Board, and NCUA issued a request for information (RFI) regarding financial institutions’ use of AI, including machine learning (ML).

Risk Management 78

Risk Management Training Lending FDIC 78

Gonzobanker

MARCH 22, 2023

Irvine Sprague, Former FDIC Director So Gonzo Bankers … how many of us have been hesitant lately to check our iPhone each morning to see what trouble may have hit the fan in the financial world during a few restless hours of slumber? Additionally, regulators and investors are growing more concerned about credit risk when the economy slows.

social media 78

social media Capital Risk Management Strategy 78

Abrigo

AUGUST 9, 2017

There is a wealth of information made available by regulatory agencies and consultants around which types of loan portfolio stress testing methods should be used by financial institutions. Two ways in which stress testing results can be used to an institution's advantage is to avert risk and improve the risk rating process.

Columbus 150

Columbus Ohio FDIC Strategy 150

Abrigo

JULY 20, 2021

Takeaway 3 The SBA has information on all of its loan programs on its website for lenders interested in expanding beyond the PPP. . During Abrigo’s recent ThinkBIG Conference, credit underwriting and loan portfolio risk management trainer and consultant Michael Wear , CRC , of 39 Acres Corp. We know 2020 stunk,” he said. “As

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

JULY 20, 2021

Takeaway 3 The SBA has information on all of its loan programs on its website for lenders interested in expanding beyond the PPP. . During Abrigo’s recent ThinkBIG Conference, credit underwriting and loan portfolio risk management trainer and consultant Michael Wear , CRC , of 39 Acres Corp. We know 2020 stunk,” he said. “As

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

MARCH 2, 2023

Experts have highlighted numerous lessons from Southwest’s experience, many of which can benefit bank and credit union executives, regardless of their institution size, as they manage competing priorities for spending and growth initiatives on banking solutions. Viewing technology as a near-term cost ultimately hurts the enterprise.

Technology 195

Technology Lending Community Software 195

Cisco

JULY 12, 2022

A key challenge is managing iterations of infrastructure in global financial enterprises which have spanned 50+ years of digitization. This leads to many generations of installed technology sets with diverse hardware and software systems, all that need to be tracked and managed, secured, and audited. Infrastructure Management.

Regulation 71

Regulation FDIC System Software 71

CFPB Monitor

JUNE 1, 2020

While the OCC cited “valid-when-made” and “steps into the shoes” principles in its analysis, it noted that it did not do so “as independent authority for this rulemaking but rather as tenets of common law that inform its reasonable interpretation of section 85.” The FDIC has not yet acted on its proposal.

FDIC 78

FDIC National Lending Analysis 78

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Listen to the podcast episode, " How To Sleep Easier at Night About Capital and Risk Levels.". keep me informed. Whitepaper.

Community 195

Community Lending Maine Resources 195

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities.

Community Bank 70

Community Bank Compliance Risk Management Community 70

Abrigo

AUGUST 6, 2021

according to FFIEC and FDIC data. Additionally, community financial institutions are more likely to leverage relationship lending to help smaller businesses obtain loans that they might not be able to secure with larger institutions based solely on their financial information. Digitalization.

Community Bank 195

Community Bank Community Kansas City Lending 195

Abrigo

DECEMBER 9, 2014

Community banks are expanding their loan portfolios to include more small business loans, according to the most recent Community Bank Performance report by the FDIC. To manage them, the bank’s executives can prepare and document these credit policies in a way that bolsters growth without slowing the credit department down.

Training 170

Training Policies Analysis Community Bank 170

Jack Henry

APRIL 30, 2014

Participate in industry information sharing forums. The following steps are expected of FIs: Maintain an information security program and risk assessment, Monitor Internet traffic to your website in order to detect an attack (establish a baseline so you can easily discern an increase in activity). FBI InfraGard.

Fraud 88

Fraud Cyber Security ATM FDIC 88

Abrigo

SEPTEMBER 15, 2022

You might also like this webinar, "How to manage a high-performing construction loan portfolio." Takeaway 3 Researchers studied the timing and frequency of on-site inspections by bank staff or third-party inspectors, the contents of the reports, and how the banks used the information in the reports. On-site inspections.

Study 195

Study FDIC Lending Risk Management 195

Jeff For Banks

OCTOBER 29, 2016

I recently spoke at a Financial Managers' Society (FMS) breakfast meeting on this subject and thought I would share my comments with you. I recently mentioned to a community bank management team that community financial institutions are slower to close branches because their decision making goes beyond the spreadsheet and market potential.

Training 60

Training FDIC Community Resources 60

Abrigo

DECEMBER 22, 2023

Watch NOW Takeaway 1 Portfolio risk and accounting professionals often keep up to date on industry trends by reading Abrigo's blog. Takeaway 2 Management reports, probability of default, and model validation topics were found in the top blogs for risk professionals. The FASB’s description of proposed changes can be found here.

Risk Management 221

Risk Management Regulation Management Lending 221

South State Correspondent

MARCH 15, 2023

While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. While interest rate risk caused the most significant impact on value, several other factors contributed to the terminality of each bank that was closed.

social media 195

social media FDIC Branding Management 195

Independent Banker

DECEMBER 13, 2015

“I spend 30 to 40 percent of my day looking at those monitoring tools to keep up with cybersecurity threats, though some of that is multitasking,” says Mike Hamilton, vice president, information technology at the $250 million-asset First State Bank in Huntington, W.Va. Risk levels have a five-point range. How is it secured?

Tools 70

Tools Community Community Bank Security 70

PYMNTS

JULY 16, 2018

Last month, Adidas revealed that it had come under attack from cybercriminals that had likely made off with the personal information of millions of customers. Citizens access will offer consumers FDIC-insured online savings and CD accounts with attractive rates and no fees to customers across the United States.

Cards 100

Cards Data Digital Banking Retail 100