Independent Banker

DECEMBER 31, 2022

Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. The FDIC’s long-term goal for the reserve ratio of insured deposits. Source: FDIC. Projected changes. Deposit insurance. Quick Stat. Multiple re-presentment fees.

Compliance 100

Compliance FDIC Community Bank Community 100

CFPB Monitor

MAY 18, 2022

After moving alone in 2020 to reform its Community Reinvestment Act (CRA) regulation, the Office of the Comptroller of the Currency (OCC) has joined the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve Board in issuing a joint notice of proposed rulemaking setting forth proposed amendments to their regulations implementing the CRA.

FDIC 78

FDIC Regulation Community Lending 78

Jeff For Banks

DECEMBER 16, 2022

As a point of reference, the S&P US BMI Bank Total Return Index for the five years ended December 9, 2022 was -1.21%. The bank consists of two segments: 1) the traditional community bank, and 2) CCBX, which is its Banking as a Service (BaaS) division started in 2018. Silvergate Capital Corporation (NYSE: SI) #2. Nasdaq: TBK) #4.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

South State Correspondent

MARCH 13, 2023

On the liability side of SVB’s $173B in deposits at the end of 2022, approximately 97% were uninsured and above the $250k in FDIC protection threshold. at the end of 2022, with $2.4B Notably, most community banks’ duration risk is in the loan portfolio. in adjustment (9.2%) for interest rate risk movement.

Risk Management 221

Risk Management Management Community Bank Community 221

CFPB Monitor

JUNE 22, 2022

banking regulators (the “2022 Joint Notice” or the “Proposal”). banking regulators (the “2022 Joint Notice” or the “Proposal”). 1) Assessment Areas and Areas for Eligible Community Development Activity. Banks would also receive CRA credit for any qualified community development activity, regardless of location.

Regulation 78

Regulation Community Lending Retail 78

Perficient

AUGUST 15, 2024

In times such as these, a company must invest in the key ingredients of profitability, people, communities, and environment.”. Social factors consider a company’s treatment of employees, diversity and inclusion practices, community relations, and involvement in socially responsible initiatives. What does it mean?

Risk Management 221

Risk Management Resources Regulation Community 221

South State Correspondent

SEPTEMBER 12, 2022

However, as of Q2/22, the average community bank’s COF has risen only a few basis points. Community banks should be concerned about their COF because looking at current deposit conditions is like driving a car while looking at the rearview mirror. Community banks will feel the effects of these hikes over the next few quarters.

Community Bank 195

Community Bank Community Industry Online 195

Jeff For Banks

DECEMBER 10, 2023

Although the 2022 Top 5 are holding their own and two of them remain in today's Top 5, the 2021 edition included one bank that failed (SVB Financial Group) and one that is voluntarily liquidating (Silvergate). Before we begin and for comparison purposes, here are last year's top five , as measured in December 2022: #1.

Fresno 98

Fresno North Carolina Raleigh FDIC 98

Abrigo

NOVEMBER 29, 2021

You might also like this webinar: "Is inflation the big gift to your 2022 earnings?". Takeaway 3 Community banks have seen less volatility in noninterest income, and many are still eyeing growth across the category. Community banks target growth. Community banks have seen less volatility in noninterest income over time.

Community Bank 195

Community Bank Community FDIC Trends 195

PopularBank

AUGUST 31, 2022

The changes, effective October 2022, will also include an increased balance threshold to avoid overdraft fees and will apply to retail and commercial customers. The changes, effective October 2022, will apply to the bank’s retail and commercial customers. Popular Bank , a subsidiary of Popular, Inc.

New Jersey 52

New Jersey Florida FDIC New York 52

Jeff For Banks

MAY 30, 2024

In December 2021, when the Fed Funds Rate stood at 0-25 basis points and prior to the Fed's tightening beginning in the first quarter of 2022, there were $18.2 trillion in domestic deposits, according to the FDIC's Statistics at a Glance. Nationwide, depositors did switch to interest bearing accounts.

Strategy 102

Strategy St. Louis FDIC Retail 102

Abrigo

NOVEMBER 9, 2022

The Q1 2023 compliance date is near for smaller SEC-reporting financial institutions and private or not-for-profit banks and credit unions, and progress is decidedly mixed, according to the Abrigo 2022 CECL Survey. Most bankers (86%) indicated they’ve moved beyond data collection in 2022, even if they haven’t yet adopted the standard (i.e.,

Survey 195

Survey Software Resources Meeting 195

South State Correspondent

APRIL 30, 2022

Based on the futures market, the Federal Reserve is expected to raise the Fed Funds rate to 3.00% at its December 2022 meeting. In this article, we analyze the industry’s cost of funding earning assets (COF) and track how community banks’ COF behaves relative to larger banks. Historical Cost of Funds Analysis. Future Short-term Rates.

Community Bank 195

Community Bank Strategy Community FDIC 195

CFPB Monitor

SEPTEMBER 30, 2022

Populus also filed a motion to stay all proceedings in the case pending the Fifth Circuit’ decision in Community Financial Services Association of America Ltd. Populus contrasts the narrower missions and authority of the Federal Reserve, FDIC, and OCC, which are also self-funded. Populus Financial Group, Inc.,

Groups 78

Groups FDIC Texas Leadership 78

Abrigo

MAY 5, 2022

Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S. Main Street Banking: A Podcast for Community Bankers 8. It also examines how community banks are different than other types of financial institutions, along with strategies for optimal operations.

Community 195

Community Lending Maine Resources 195

CFPB Monitor

DECEMBER 14, 2021

The agenda’s preamble indicates that the information in the agenda is current as of November 1, 2021 and identifies the regulatory matters that the Bureau “reasonably anticipates having under consideration during the period from November 1, 2021 to October 31, 2022.”. Amendments to FIRREA Concerning Automated Valuation Models.

Lending 78

Lending FDIC Regulation Data 78

Abrigo

FEBRUARY 8, 2024

consumers lost more than $7 billion during the first three quarters of 2023, up 5% compared to the same period in 2022. Some options include: In-person fraud prevention seminars, either held at a branch location or a local community center. The Federal Trade Commission (FTC) reports that U.S.

Fraud 195

Fraud Resources social media Software 195

Abrigo

MARCH 13, 2023

Historic collapse SVB is different from other financial institutions The FDIC closure and assumption of Silicon Valley Bank (SVB) – the largest bank failure since 2008 – is a stark reminder that when a crisis occurs, it can spread as fast as a wildfire in dry fields with a strong wind. Well, we know now that is simply not the case.

Strategy 195

Strategy Lending Security Analysis 195

CFPB Monitor

NOVEMBER 8, 2022

On October 21, 2022, the Fifth Circuit denied en banc rehearing in Jarkesy v. On October 19, 2022, the Fifth Circuit held in Community Financial Services Association of America v. Beyond Jarkesy and Community Financial Services Association , there is another recent challenge to the FTC in FTC v.

Arizona 78

Arizona FDIC Community Texas 78

Jeff For Banks

JUNE 2, 2023

between 2015 and 2022. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? In many respects, community banks were caught in the cross-fire through the purchase of those mbs instruments – and subsequent trial through public sentiment. Between 1941 and 1979, an average of 5.3

FDIC 78

FDIC Community Bank Regulation Lending 78

CFPB Monitor

JULY 7, 2022

The four groups are the American Bankers Association, the Consumer Bankers, the Independent Community Bankers of America, and the U.S. Supreme Court’s decision on June 30, 2022 in West Virginia v. Chamber of Commerce.

Groups 145

Groups West Virginia Policies Virginia 145

American Banker

MARCH 27, 2020

Regulators are allowing banks that implemented the loan-loss standard to forestall any capital hits until 2022.

Capital 45

Capital Regulation FDIC Community Bank 45

Independent Banker

JANUARY 31, 2023

Illustration by Jozefmicic/Adobe The CFPB recently issued new guidance on overdraft fees that was unanticipated by community banks. Learn what this means for the industry and how community banks can stay in compliance. In March 2022, the CFPB noted in its blog that “overdraft fees can price people out of banking.”

Community Bank 91

Community Bank Community Compliance Regulation 91

CFPB Monitor

DECEMBER 7, 2022

As a reminder, in March 2022, the CFPB updated its exam manual and announced, “In the course of examining banks’ and other companies’ compliance with consumer protection rules, the CFPB will scrutinize discriminatory conduct that violates the federal prohibition against unfair practices.”

Community 78

Community Compliance Industry National 78

CFPB Monitor

FEBRUARY 14, 2022

With Democrats now firmly in control of the FDIC, Acting Chairman Martin Gruenberg released a list of the FDIC’s priorities for 2022.

FDIC 78

FDIC Community System Meeting 78

Jeff For Banks

APRIL 14, 2022

21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19 2022 Ben S. Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles 2015 Louis D. Bye Bye Banks: The End of Community Banking as an Engine of Economic Growth 2010 Robert H. Bernanke Bernanke, Ben S. Mack Mack, Vicki A.

America 78

America National Denver United States 78

CFPB Monitor

DECEMBER 17, 2021

On December 4, 2022, the OCC issued a final rule that rescinds its June 2020 Consumer Reinvestment Act (CRA) final rule and replaces it with a rule that is largely based on the OCC’s 1995 CRA rule that was adopted jointly with the Federal Reserve Board and FDIC. The final rule is effective January 1, 2022.

FDIC 78

FDIC Compliance System Community 78