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.

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Survey Software Resources Meeting 195

Perficient

OCTOBER 30, 2024

In April 2021 a Statement and separate Request for Information on Model Risk Management was issued by FinCEN and the FDIC, Federal Reserve, NCUA, and OCC.

Regulation 221

Regulation FDIC Compliance Innovation 221

Perficient

MARCH 22, 2023

Shown below is the 56% increase in FDIC and state bank regulator assessment charges. In the rising interest rate environment, management had invested like an S&L executive of the 1980s and had a similar outcome. This may be of value to regulators and the management of financial institutions going forward.

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Report Regulation Capital Management 474

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. 1, and applicable to the first quarterly assessment period of 2023 with an invoice payment date of June 30, 2023. Source: FDIC. Finalization is expected as early as 2023.

Compliance 100

Compliance FDIC Community Bank Community 100

Perficient

JUNE 7, 2023

On May 31, the Federal Deposit Insurance Corporation (FDIC) reported to the public what many banks already knew and had been experiencing for the past year – that deposits are declining in the American banking sector. However, the difference began to wane in the first quarter of 2023. 16.5%) in the first quarter of 2023.

social media 221

social media FDIC Analysis System 221

Abrigo

OCTOBER 28, 2022

Managing loan workouts and modifications Tips for preparing your bank or credit union to handle an increased volume of problem loans while ensuring prudent credit risk management. Takeaway 2 Meanwhile, banks and credit unions will likely see a beefed-up regulatory emphasis on credit risk management practices, especially tied to CRE. .

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Management Risk Management Policies Lending 195

South State Correspondent

DECEMBER 4, 2024

Dynamics of Bank Failure and Performance Credit Risk: While the study spans 160 years, it divides the analysis between pre- and post-FDIC periods (the latter between 1959 and 2023). We will consider post-FDIC failures only. We believe this reflects management decision to increase asset yield as cost of funding increases.

Community Bank 195

Community Bank Community FDIC Tools 195

Perficient

NOVEMBER 17, 2023

In our previous article, “ Transaction Accounts: Analyzing Deposit Stickiness in the Current Interest Rate Environment ,” Perficient’s Financial Services Risk Management and Regulatory Capabilities Center of Excellence (CoE) explored the sharp decline in transaction account balances over an 18-month period. Contact us today!

Retail 221

Retail FDIC Risk Management Management 221

Abrigo

DECEMBER 22, 2023

The most-read portfolio risk 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. Takeaway 2 Management reports, probability of default, and model validation topics were found in the top blogs for risk professionals.

Risk Management 221

Risk Management Regulation Management Lending 221

Abrigo

MARCH 20, 2020

The FDIC recently reiterated that financial institutions should determine whether loans affected by COVID-19 should be reported as TDRs. This real and sudden situation on a large scale has many financial institutions seeking novel ways to handle their loans, according to Regan Camp, Abrigo Managing Director of Advisory Services. “If

How To 195

How To FDIC Policies Course 195

Jeff For Banks

DECEMBER 10, 2023

Although one might argue that First Citizens BancShares of Raleigh is a SIFI as it climbed to the 19th largest in the country with its Silicon Valley Bridge Bank acquisition from the FDIC, and that the FDIC designated SVB as systemically important. It had $447 million of assets and $121 million of equity at September 30, 2023.

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Fresno North Carolina Raleigh FDIC 101

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. In the first quarter of 2023, these balances plunged over 40% due to reported U.S.

Risk Management 221

Risk Management United States FDIC Compliance 221

South State Correspondent

SEPTEMBER 11, 2023

On September 7, 2023, the FDIC released its banking profile. This quarterly publication provides a comprehensive financial results summary for all FDIC-insured institutions (4,645 commercial banks and savings institutions insured by the FDIC). While banks under $10B in assets comprise 97.8%

Community Bank 195

Community Bank Community FDIC Industry 195

South State Correspondent

MAY 7, 2024

With the assistance of the FDIC, Fulton Financial acquired certain assets, debt and deposits of Republic Bank. Also, interest rates are not high by historical comparison (especially when eliminating the pandemic monetary response), and bank managers’ job is to manage uncertatiny (also called risk).

Risk Management 195

Risk Management Security Management Groups 195

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. The larger issue here is that banks need to do a better job at collateral management in general. It turns out that confidence is more valuable than capital.

social media 195

social media FDIC Branding Management 195

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

JULY 26, 2021

Takeaway 2 Bank management using SCALE must make adjustments to the historical loss rates of peers used in SCALE based on timing issues as well as their portfolio's credit risk and loss history. Our dedicated risk management experts are ready to help you transition to CECL with confidence. Learn more. How it Works. Be Prepared.

Tools 195

Tools Kansas City Kansas Regulation 195

Jeff For Banks

MAY 30, 2024

trillion in domestic deposits, according to the FDIC's Statistics at a Glance. In December 2023, a full three quarters after the Fed paused its tightening of the Fed Funds Rate (QT continued), domestic deposits stood at $17.3 trillion in December 2023. Nine hundred billion dollars, or 5% of deposits. Louis Fed, went from $5.2

Strategy 106

Strategy St. Louis FDIC Retail 106

Abrigo

MARCH 17, 2022

Agencies note that existing guidance, including that covering interest rate risk management, commercial real estate concentrations, and funding and liquidity management (among others), continues to apply. Prudent stress testing as a risk management tool helps the enterprise see where the potential pitfalls are in their plans.

Capital 195

Capital Regulation Risk Management Community 195

American Banker

MARCH 22, 2024

The FDIC Office of Inspector General attributed the downfall of Citizens Bank in November 2023 to lax lending practices and risk mismanagement by the Lange family, causing a $14.8 million loss to the regulator's Deposit Insurance Fund. The OIG saw no grounds for a more extensive review.

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FDIC Risk Management Iowa Lending 41

Abrigo

FEBRUARY 8, 2024

consumers lost billions of dollars due to fraud during 2023. consumers lost more than $7 billion during the first three quarters of 2023, up 5% compared to the same period in 2022. Effective fraud risk management includes detection and fraud monitoring that should consider customer or member history and behavior.

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Fraud Resources social media Software 195

South State Correspondent

APRIL 16, 2024

In 2023, the global value of these digital wallets was approximately $9T. FDIC insurance doesn’t matter until it matters, and the funds in many digital wallets are not insured. Many of these account holders would be open to hearing about what banks can do for them regarding treasury management and payments.

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FDIC Examples Study Samsung 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

OCTOBER 21, 2021

The CFPB, Federal Reserve Board, FDIC NCUA, OCC, in conjunction with the state bank and state credit union regulators, jointly issued a statement on managing the transition away from LIBOR (Joint Statement).

Regulation 78

Regulation Management FDIC Risk Management 78

American Banker

DECEMBER 18, 2024

is considering suing former Silicon Valley Bank executives over risk management decisions, imprudent dividends, and billions in losses that fueled a banking crisis in 2023. The Federal Deposit Insurance Corp.

FDIC 41

FDIC Risk Management Management Compliance 41

South State Correspondent

JULY 30, 2023

Bank ROE Historical Performance Total assets for all FDIC-insured institutions was $23.7T The graph below shows the quarterly ROE for all community banks from 1984 to Q1/2023. How should community banks target and compare their ROE to the industry and their peer group, and what defines a top-performing bank? as of Q1/23.

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Community Bank Community Capital Policies 195

South State Correspondent

APRIL 30, 2022

We examine the roughly four thousand FDIC-insured commercial banks and S&L associations over the last four decades. The graph below is from the CME Group’s FedWatch tool and shows the market’s expectation of the target Fed Funds rate for the July 2023 meeting. Historical Cost of Funds Analysis.

Community Bank 195

Community Bank Strategy Community FDIC 195

PopularBank

DECEMBER 11, 2023

Molly Hime, a long-time Division Manager for Popular Association Banking (PAB), a division of Popular Bank , has announced her retirement, effective December 31, 2023. Carlos Hernandez Named New PAB Division Manager. Effective January 1, 2024, Carlos Hernandez will be Division Manager for PAB. Billion in deposits. “We

Management 52

Management Florida Community Leadership 52

CFPB Monitor

FEBRUARY 19, 2021

In November 2020, the OCC, together with the FDIC and the Federal Reserve Board, issued a “ Statement on LIBOR Transition ” that encouraged banks to transition away from LIBOR as soon as possible, and in any event by December 31, 2021. Replacement rates. Fallback language. Progress and oversight.

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Tools FDIC Management Report 78

American Banker

APRIL 28, 2023

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FDIC Management cryptocurrency Compliance 45

Jeff For Banks

DECEMBER 10, 2024

The FDIC designated SVB as systemically important. Before we begin and for comparison purposes, here are last year's top five , as measured in December 2023: #1. And followed that savvy deal with another tangible book accretive deal by completing the failed Silicon Valley Bridge Bank acquisition in the first quarter 2023.

Las Vegas 70

Las Vegas Lending Community Bank North Carolina 70

Gonzobanker

FEBRUARY 1, 2024

The FDIC Approved This Ad How many times did we hear a speaker admonish the audience to “be sure and sign up for the FDIC notification list.” M&A Dynamics Last year, we left AOBA noting that most bankers were optimistic about deals picking up later in 2023 and that the chances of a raging 2024 were strong. Five Hundred? (Oh

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Conference FDIC Arizona Industry 88

Jeff For Banks

OCTOBER 15, 2021

Retiree: That's Not So Funny To the retiree that prefers the safe haven of FDIC insured deposits held at the local bank that lends it out locally, this is a serious issue. Source: US Inflation Rate by Year: 1929 - 2023 (thebalance.com) Things looked good as we entered the 21st century.

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Taxes FDIC Guidelines Policies 78

Jeff For Banks

JUNE 2, 2023

//Jeff Marsico remarks to the 2023 New Jersey Bankers' Association Annual Convention: May 19, 2023// Four decades ago, the prolonged savings-and-loan crisis devastated the industry. To you, manage your interest rate risk. M&T assumed their $411 million of loans and securities with a $289 million FDIC loss-share agreement.

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FDIC Community Bank Regulation Lending 60

Fintech Labs Insights

APRIL 4, 2023

The new Mercury Vault ( company announcement , 13 March 2023 ) includes $5M of FDIC insurance (achieved by shipping deposits in excess of $250k to a network of 20 banks). The post Reacting Quickly to SVB Fallout, Mercury Launches Vault, with $5M FDIC Deposit Insurance first appeared on Fintech Labs SMB Center.

FDIC 15

FDIC Online Tools Marketing 15

Fintech Labs Insights

JUNE 26, 2023

Case in point: Just days after the Feds took over SVB, Mercury was in the market with Mercury Vault , offering $5 million in FDIC insurance by distributing balances across 20 insured banks. 2021 SF $14 12,000 Source: FintechLabs, Crunchbase, SimilarWeb, 26 June 2023 1. 1,900 reviews) – Trustpilot : 3.5 (613 613 reviews) 2.

Digital Banking 15

Digital Banking Online FDIC San Francisco 15

Fintech Labs Insights

NOVEMBER 10, 2023

6 $0 59t Zeta 4 2017 SF 29,000 $2 64 Brightwell 0 2009 Atlanta 31,000 $0 Sources: FintechLabs, Pitchbook, Crunchbase, SimilarWeb; 10 Nov 2023 * Our business model depends on revenue from referrals and sponsors. Consumers (Nov 2023) first appeared on Fintech Labs SMB Center. 8,860 $2,300 6 Upgrade 1426 2016 SF 3,013,000 4.5

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15