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Small banks: Big challenges and big opportunities

Abrigo

According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. At the same time, the technology can reduce to seconds the time it takes for routine tasks like adding information from tax returns and financial spreading. The result?

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Top News In Payments: House Committee Holds RTP Hearing; DoorDash Reveals May Data Breach

PYMNTS

Uber Turns App Into ‘Everyday Operating System’. The company plans to merge its ride-hailing and food delivery applications in a fashion that would join its offerings as “the operating system for your everyday life,” as CEO Dara Khosrowshahi said. What Local Sales Tax Laws Mean for Tobacco eSellers .

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Uber Facilitated More Than $600M In Tips For Drivers

PYMNTS

Lyft , noted the report, is operating in fewer markets than Uber — Lyft is in the U.S. and Canada while Uber has operations around the world. The report noted that Uber drivers are earning the most tips in Salt Lake City, Utah; San Antonio, Texas; Kansas City, MO; New Orleans, LA; and Nashville, TN.

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For Ag Lenders, Farm Outlook Warrants Watching

Abrigo

Any swing in income at the producer level may create additional ag credit needs for operating expenses or pressure credit quality. Farm businesses are farms with an annual gross cash farm income of at least $350,000 or where farming is the operator’s primary operation. Property taxes/fees: 1.4% Seed purchases: -0.3%

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The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. Elmore City. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. pre-tax ROA: 2.68%. 3-yr average pre-tax ROA. Central Bank of Kansas City. Kansas City. In true community bank fashion, each has its own story to tell and its own path to success. By William Atkinson.