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

Abrigo

JANUARY 30, 2024

Attendees return from ThinkBIG energized and informed so they can continue positively impacting their institutions and, more importantly, their communities. The 2024 ThinkBIG conference offers two conference tracks along with larger general sessions that will set financial institutions up for success. Regular registration ends May 10.

Conference 195

Conference Arizona Phoenix Fraud 195

South State Correspondent

JANUARY 2, 2024

Many economists and analysts predict that the Federal Reserve and other central banks will start easing monetary policy in 2024. How should lenders discuss interest rates in 2024, and what advice should relationship managers provide their clients about banking products? Therefore, we can expect no more clarity in 2024 than in 2023.

How To 195

How To St. Louis Lending Marketing 195

ABA Community Banking

OCTOBER 2, 2024

Amid persistent inflation and core deposit competition, community bankers expand their pools of funding sources, according to the Conference of State Bank Supervisors’ 2024 community bank survey. The post Cost of funds shoots to top of community bankers’ concerns in 2024 appeared first on ABA Banking Journal.

Community 94

Community Community Bank Survey Conference 94

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

Perficient

NOVEMBER 1, 2024

low- to moderate-income communities, communities of color, women, rural, tribal, or disadvantaged communities). In June 2024, the US Treasury issued a Request for Information (RFI) on the uses, opportunities and risks presented by developments and applications of artificial intelligence within the financial sector.

Regulation 221

Regulation US Community National 221

Jeff For Banks

OCTOBER 14, 2024

Community banking has almost achieved Kleenex or Xerox fame, being generalized to the point of meaninglessness. And the dilution of what it means to be a community bank has been diminished not just by interlopers pretending to be sheep in wolf's clothing, but also regulators, and unfortunately, community banks themselves.

Community Bank 100

Community Bank Community Capital Lending 100

ABA Community Banking

OCTOBER 23, 2024

ABA has elected Jennifer Jones as chair of the Community Bankers Council for the 2024-2025 association year. The post South Carolina banker elected chair of ABA’s Community Bankers Council appeared first on ABA Banking Journal. Jones is president and CEO of CBL State Savings Bank in Greer, South Carolina.

South Carolina 98

South Carolina Community Community Bank 98

South State Correspondent

SEPTEMBER 25, 2023

Given this new signal, community banks need to analyze what this interest rate environment means for their business model and how to maximize performance. The question is how will this interest rate development affect community banks’ performance, and what must community banks do to remain profitable?

Community Bank 195

Community Bank Community Industry Marketing 195

Perficient

FEBRUARY 15, 2024

Looking Ahead With the enforcement deadline of April 29, 2024, fast approaching, financial institutions subject to NYSDFS Part 500 amendments must accelerate their compliance initiatives.

New York 221

New York Compliance Regulation Analysis 221

American Banker

JULY 11, 2024

The top five community banks have combined first mortgage loans of more than $2.8 billion as of March 31, 2024.

Community Bank 87

Community Bank Community Industry 87

South State Correspondent

MAY 18, 2022

In two recent articles, we reviewed the banking industry’s deposit behavior with regard to cost of funding earning assets (COF) ( HERE ), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle ( HERE ). Deposit Behavior In This Tightening Cycle Versus Last Three.

Community Bank 195

Community Bank Community Analysis Industry 195

Jeff For Banks

JULY 1, 2024

Financial Markets Update – Second Quarter 2024 A dream vacation! That and getting consumed by Euro 2024 and Copa America soccer and of course, the Phillies. In July 2024, we will mark two years of inversion between the 10-year Treasury and the 2-year Treasury yields. for 2024 and 2.0% It was so beautiful and lots of fun.

Marketing 118

Marketing Conference Policies Survey 118

Perficient

FEBRUARY 15, 2024

Embracing these changes enables entities to fortify their operations, safeguard stakeholders, and instill trust within the broader financial community. Looking Ahead With the enforcement deadline of April 29, 2024, fast approaching, financial institutions subject to the DFS500 amendments must accelerate their compliance initiatives.

Compliance 221

Compliance New York Regulation Analysis 221

ABA Community Banking

JULY 12, 2024

Federal banking regulators released the 2024 list of distressed or underserved nonmetropolitan middle-income geographies eligible to receive CRA consideration. The post Regulators release 2024 list of distressed, underserved communities appeared first on ABA Banking Journal.

Community 52

Community Regulation FDIC Community Bank 52

South State Correspondent

JULY 26, 2023

The bigger risk to community banks’ business model is not a moderate recession induced by aggressive interest rate increases by the Federal Reserve. The Fed may be nearing the end of its hiking cycle, but given the high threshold for interest rate cuts, there may be no changes in the Fed Funds rate until well after 2024.

Community Bank 195

Community Bank Community Strategy Atlanta 195

Jeff For Banks

OCTOBER 2, 2024

Financial Markets Update – Third Quarter 2024 I had a fantastic September traveling to France and Luxembourg with my sisters. What would this disruption mean especially since there is so much need in states like Florida, North Carolina, and Tennessee after Hurricane Helene destroyed so many communities with massive rain and flooding.

Marketing 118

Marketing North Carolina US Community 118

South State Correspondent

JANUARY 14, 2025

Many banks budgeted some six rate cuts in their 2024 asset-liability plans last year that never materialized. How should community banks think about their balance sheets, product offerings, and client demand in this pivot? The graph below compares the December 2020 and the December 2024 FOMC DOT plots.

Management 195

Management Policies Community Bank Community 195

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

South State Correspondent

JANUARY 30, 2024

In this article, we partner with Gartner to look at 2024 key IT metrics and provide strategic insight into how much your bank should be spending on IT. For perspective, 2023 and what we expect for 2024 can be characterized as keeping up with revenue. of total expenses; in 2024, this number is expected to be 11.2%.

Capital 195

Capital Operations Customer Experience Comparison 195

ABA Community Banking

JANUARY 18, 2024

The Federal Reserve announced the members of the Community Depository Institutions Advisory Council for 2024, including the new council president and vice president. The post 2024 Community Depository Institutions Advisory Council Members announced appeared first on ABA Banking Journal.

Community 52

Community Community Bank 52

Jeff For Banks

NOVEMBER 5, 2024

Bank Director Magazine recently came out with its Ranking Banking report for 2024. One is I wanted to push it forward to second quarter 2024 (the list was year ended 2023). Net interest income is typically greater than 80% of community bank revenues. Click on image to see it larger. I wanted to take another cut at it though.

Trends 95

Trends Comparison Report California 95

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. Community banks’ main goals are to diligently support their local communities and make an acceptable return on capital in these challenging times.

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. Community banks’ main goals are to diligently support their local communities and make an acceptable return on capital in these challenging times.

Community Bank 195

Community Bank FDIC Community National 195

South State Correspondent

JANUARY 16, 2024

Bloomberg recently announced that it will shut down its BSBY index on November 15, 2024. We published various articles comparing community bank alternatives to LIBOR (such as SOFR, Ameribor, Fed Funds, and Prime). Historically, community banks have hesitated to adopt derivatives for several reasons. No ISDA documents.

Community Bank 195

Community Bank Community Compliance CA 195

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

South State Correspondent

APRIL 9, 2024

We estimate that the average contractual loan commitment for term credit at community banks has decreased from just under five years in 2022 to just under three years currently. Community banks should carefully consider the prudence of such a strategy from both a risk and revenue perspective. cuts through the end of the year.

How To 195

How To Community Community Bank Marketing 195

American Banker

JANUARY 3, 2024

A resilient economy and the potential for interest rate cuts could infuse further bullish sentiment into markets and bolster the shares of small lenders.

Community Bank 87

Community Bank Community Marketing Industry 87

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

CFPB Monitor

OCTOBER 26, 2023

On October 24, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation issued a final rule amending their regulations implementing the Community Reinvestment Act. Continue Reading

Community 78

Community FDIC Compliance Regulation 78

American Banker

NOVEMBER 21, 2023

Bankers are hopeful that several factors could strengthen profits next year, including higher loan demand and more stable funding costs as the Fed holds the line on — or even lowers — interest rates.

Community Bank 85

Community Bank Community Lending 85

Abrigo

NOVEMBER 13, 2024

In conversations with community banks and credit unions across the country, we’re hearing about a significant increase in line utilization, raising questions about both liquidity and credit risk. Early 2024 figures show a dip in DSCR to 4.62x. However, recent data from Abrigo shows that privately held companies across the U.S.

Lending 221

Lending Meeting Data Risk Management 221

Jeff For Banks

DECEMBER 10, 2024

As a point of reference, the S&P US BMI Bank Total Return Index for the five years ended December 6, 2024 was 34.55%. billion in total assets and seven branches at September 30, 2024. 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.

Las Vegas 69

Las Vegas Lending Community Bank North Carolina 69

South State Correspondent

NOVEMBER 29, 2023

Community banks are striving to increase loan yield and maintain their cost of funding (COF). We have created and used a novel structure to take advantage of the inverted yield curve to allow community banks to increase net interest margin (NIM) and fee income on these existing fixed-rate loans.

Community Bank 195

Community Bank Community Tools Strategy 195

American Banker

DECEMBER 31, 2024

Community banking highlights in 2024 included strong deposit growth at a Los Angeles-based digital-only bank, continued regulatory scrutiny of banking-as-a-service arrangements, along with a transformational deal in the Old Dominion.

Community Bank 36

Community Bank Los Angeles Community Online 36

PYMNTS

NOVEMBER 6, 2020

We also want to support our communities and those in need and are creating a £5 million community fund for local charities and good causes, in addition to the £7 million we donated to Fareshare and Comic Relief earlier this year. He said that he will forgo a bonus this year if one is payable.

Leadership 167

Leadership Community Groups Report 167

ABA Community Banking

DECEMBER 8, 2023

From the Basel III endgame to Regulation II to new Community Reinvestment Act and Section 1071, 2023 has delivered a regulatory onslaught for the industry. The post Podcast: The bank policy outlook for 2024 appeared first on ABA Banking Journal. How are bankers navigating the waves of overlapping changes?

Policies 59

Policies Community Regulation Industry 59