Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. What a year. We are in awe. Seriously in awe.

Fintech 193

Fintech Community Regional Technology 193

Abrigo

AUGUST 31, 2023

Teaching staff these KYC tips to make clients feel more comfortable In 2023, KYC procedures must both support CDD compliance and make sure your institution is a welcoming place for all customers. Takeaway 2 In 2023, KYC should both strengthen your AML program and personalize services to support clients' individuality and value.

Compliance 195

Compliance Community System Training 195

South State Correspondent

JUNE 5, 2023

Community bank cost of funds is jumping up. As shown in the graph below, the net interest margin (NIM) for community banks declined 22bps in Q1’23. The question is – what will happen to community bank’s cost of funds from here? The graph below shows community bank cost of funds compared to those banks over $25B.

Community Bank 195

Community Bank Community Industry Strategy 195

PYMNTS

OCTOBER 12, 2020

He noted there has been additional input from the FedNow Community of 700 members. The Fed has publicly stated that it has committed to a 2023/2024 timeframe for FedNow, and added that “as we look at the delivery of the service, we’re going to be very transparent. The Timeframe . How does one then turn that into cash?

Payments 244

Payments Boston System Operations 244

South State Correspondent

JULY 19, 2023

However, the adoption of interest rate swaps is much lower at community banks (banks with under $10B in assets), with only a few hundred banks showing interest rate swap volume. The market expects deposit betas to increase through 2023 and 2024. S&P projected COF and betas are shown in the graph below.

Community Bank 195

Community Bank Community Compliance Marketing 195

South State Correspondent

SEPTEMBER 11, 2023

On September 7, 2023, the FDIC released its banking profile. In this article, we analyze the underlying data for community banks and focus on the Chairman’s view of the future of bank performance. The graph below shows that community banks had a bigger decline in NIM (10bps QoQ) than the industry average (7bps QoQ).

Community Bank 195

Community Bank Community FDIC Industry 195

South State Correspondent

JANUARY 18, 2023

However, in 2023, loan prepayment provisions will be essential tools for commercial banks. The first is a step-down, and it is by far the most common prepayment provision used by community banks. The post Why Prepayment Penalties Matter in 2023 appeared first on SouthState Correspondent Division.

Community Bank 195

Community Bank Examples Community How To 195

Abrigo

DECEMBER 28, 2023

Takeaway 2 Readers in 2023 were most interested in getting information about preparing for exams, learning about stress testing, and seeing how peers manage loan review. Indeed, regulators and management alike focused on these risks more and more in 2023 following the failure of Silicon Valley Bank and repeated rate hikes.

Resources 221

Resources Risk Management eBook Strategy 221

South State Correspondent

MARCH 30, 2023

While desiring to bank everyone in your community is noble, it can be a poor use of resources. Not to say you want to ignore parts of your community, but why not focus more of your resources on those industries that will make your bank more profitable?

Industry 195

Industry Resources Community Case Study 195

Abrigo

OCTOBER 22, 2024

At Abrigo, we’ve always focused on helping financial institutions thrive—not just for their own benefit but for the sake of the communities they serve. Federal Trade Commission (FTC) reported consumers lost more than $10 billion to fraud alone in 2023. And financial crimes are prevalent. It’s about relationships.

Security 221

Security Fraud Community National 221

South State Correspondent

AUGUST 15, 2023

This article provides an update on pricing trends driven by our Loan Command aggregated community bank data and highlights some working pricing ideas. A combination of credit concerns and funding pressure have most community banks focusing on their existing customers and moving away from new transaction-orientated clients.

Trends 195

Trends Community Bank Community Lending 195

South State Correspondent

FEBRUARY 12, 2025

In this article, we quantify commercial loan pricing trends from our Loan Command data that will hopefully help community banks price more effectively and win more profitable business. On the interest rate risk side, banks put more fixed rates on their books in 2024 compared to 2023. In 2024, approximately 16% were fixed rates.

Trends 195

Trends Community Bank Capital Industry 195

South State Correspondent

JANUARY 4, 2023

A potential economic slowdown, slower rate rises, an inverted yield curve, and deposit stress likely make 2023 a trying year compared to 2022. In the past, you have seen us rank customer relevance and total experience as a top priority for banks – not in 2023. Financial pressure will be greater, and bank margins will be higher.

Community Bank 195

Community Bank Capital Marketing Lending 195

South State Correspondent

JANUARY 22, 2023

In a previous article ( here ), we discussed why commercial loan prepayment protection would be a critical return on asset (ROA) driver for community banks in 2023. However, many community banks cannot hedge all of their commercial loans.

Community Bank 195

Community Bank Community Capital Maine 195

Abrigo

FEBRUARY 28, 2025

Connect with an expert Common fraud schemes Check fraud Check fraud is one of the most concerning fraud trends for community banks in 2025. These could be held in a local branch lobby, community center, or place of worship. 880,418 c omplaints were registered, with potential losses exceeding $12.5

Fraud 221

Fraud social media Training Community 221

Independent Banker

JUNE 26, 2022

Be recognized as one of community banking’s best employers. ICBA Independent Banker ‘s Best Community Banks to Work For award is your chance to show job hunters and current staff why your community bank is an unbeatable place to build a career. Please send a note to nominations@icbabanks.org. -->. Leadership.

Community Bank 188

Community Bank Community Survey Leadership 188

ABA Community Banking

DECEMBER 16, 2024

The total number and value of small-business and small-farm loans made by financial institutions subject to the Community Reinvestment Act declined in 2023 compared to the previous year, the banking agencies reported.

Lending 52

Lending Data Community Report 52

Abrigo

NOVEMBER 9, 2022

Financial institutions work to meet Q1 2023 CECL deadline A CECL implementation survey by Abrigo found progress by financial instittuions is mixed ahead of the upcoming deadline. . In many cases, financial institutions adopting CECL for the 2023 deadline are tracking ahead of where SEC registrants were as they faced a 2020 deadline.

Survey 195

Survey Software Resources Meeting 195

Independent Banker

FEBRUARY 28, 2023

wanted to be a financier before finding his way to community banking. Photo by Harold Daniels Derek Williams, president and CEO of Century Bank & Trust in Georgia, is bringing his passion for community banking to his term as ICBA chairman for 2023/24. That love of community has defined his career.

Community 172

Community Community Bank Georgia San Antonio 172

Perficient

DECEMBER 29, 2020

These security advisories are put out by the Drupal community security team and identify potential risks in the core Drupal project. The release schedule outlined by the Drupal community addresses both bug fixes and security vulnerabilities in your current major version. Why upgrade to Drupal 9? Ongoing Support.

Community 340

Community Security Management System 340

Independent Banker

AUGUST 31, 2021

Here’s what community bankers need to know when planning their budgets for the next year. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. By Cheryl Winokur Munk. Quick stat. Source: 2021 Provident Bank survey.

Community Bank 170

Community Bank Community Lending Leadership 170

South State Correspondent

JUNE 21, 2022

This regime is now changing, and community banks need to position their lending and deposit portfolios for a period of monetary tightening. Short-term rates are also likely to continue to climb through 2023. We will also identify the most significant risks to the community bank business model for credit, interest rate, and liquidity.

Community Bank 359

Community Bank Policies Community Marketing 359

Independent Banker

DECEMBER 31, 2022

I’ve always been a glass-half-full guy, and though 2023 is expected to be a challenging economic year, it also brings opportunity. We simply need to remember what makes us special as community bankers, and with that as our foundation, we can embrace this season of change in four primary ways: 1. Priorities for a successful 2023.

Community Bank 218

Community Bank Community Hawaii Washington 218

ABA Community Banking

NOVEMBER 12, 2024

households were unbanked in 2023, according to the FDIC’s National Survey of Unbanked and Underbanked Households, which also explored bank account access trends and cryptocurrency adoption. The post FDIC: Percentage of unbanked households dropped slightly in 2023 appeared first on ABA Banking Journal. Roughly 4.2%

FDIC 52

FDIC Survey cryptocurrency National 52

South State Correspondent

OCTOBER 26, 2023

There is a rash of bank consent orders that either were just made public or are about to become public that everyone is talking about and have noticeably put a damper on community banks’ enthusiasm for BaaS. The post Recap of Money 20/20 USA 2023 and 10 Banking Thoughts appeared first on SouthState Correspondent Division.

Conference 221

Conference Las Vegas Fraud Data 221

Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. Community banks are constantly looking to the future and identifying what customers want. Jeff Versluys, One Community Bank.

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

Abrigo

FEBRUARY 6, 2025

billion of reported losses due to this type of fraud in 2023 and around 40,000 victims in the United States. By leveraging fraud detection technology, monitoring transaction patterns, and prioritizing customer education, banks and credit unions play a vital role in safeguarding their communities.

Fraud 221

Fraud social media Software Video 221

South State Correspondent

JUNE 13, 2023

Conclusion We have always been keen on outlining practices that lead to higher performance for community banks. The post 10 Loan Pricing and Structuring Observations for 2023 appeared first on SouthState Correspondent Division. The hedging mathematics makes the risk/return clearly visible and actionable.

Marketing 195

Marketing Examples Capital Management 195

Independent Banker

DECEMBER 31, 2022

ICBA is leaning into it, bringing its ThinkTECH Accelerator program and innovation efforts in-house to provide community bankers with targeted solutions. Stevens’ novel, The Lies About Truth , that captures our ethos heading into 2023: “If nothing changes, nothing changes. You want change, make some.” Continuing digital transformation.

Innovation 103

Innovation Trends Community Bank Community 103

Independent Banker

DECEMBER 31, 2022

While the pace of bank regulatory changes has diminished from a few years ago, several issues will either become effective or likely develop in 2023. Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. By Mary Thorson Wright.

Compliance 100

Compliance FDIC Community Bank Community 100

Abrigo

DECEMBER 22, 2023

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023.

Lending 221

Lending Risk Management Community Management 221

South State Correspondent

JUNE 18, 2024

Deposit costs and liquidity remain a challenge for some community banks as competition for core funding remains intense. The graph below compares the liquidity ratio for community banks (under $10B in assets) and banks over $100B in assets. This deposit and loan repricing mismatch caused NIM pressure at community banks.

Community Bank 195

Community Bank Community Risk Management Management 195

Cisco

JANUARY 10, 2023

Whether a community bank or a credit union, regional insurer, or multi-national financial institution, cross-functional engagement with champions, key influencers and ultimate decision-makers also helps to eliminate silos inherent in the financial services industry. Accelerated Digital Transformation Framework.

Digital Strategies 173

Digital Strategies Strategy America Innovation 173

South State Correspondent

SEPTEMBER 25, 2023

On September 20, 2023, the Federal Open Market Committee (FOMC) left its benchmark rate unchanged, but it would be a mistake to conclude that the committee did not send a strong message about the projected path of future interest rates. in 2023 and slightly higher in 2024.

Community Bank 195

Community Bank Community Industry Marketing 195

Abrigo

DECEMBER 10, 2024

The FBI's 2023 Internet Crime Complaint Center (IC3) report highlighted a staggering $3.4 Community engagement: Work with local law enforcement, adult protective services, and community organizations to educate seniors and their families about the risks of elder fraud. By 2030 , 20% of the U.S.

Fraud 195

Fraud Training Software social media 195

Banking Exchange

JANUARY 16, 2023

Merchants & Marine Bank and City National Bank have launched separate initiatives to support small businesses and local communities Community Banking Feature3 Feature Small Business Customers People Consumer Compliance

Community Bank 136

Community Bank Community Compliance National 136

Gonzobanker

AUGUST 24, 2023

The Credit Card Competition Act of 2023 could negatively impact banks’ ability to generate interchange fees and reduce the amount of capital they issue, however. The crisis the WSJ is alluding to is the short-term “crisis of 2023.” Community-based financial institutions can no longer rely on their geographic communities for growth.

Innovation 144

Innovation United States Technology Industry 144