PYMNTS

MAY 6, 2020

The Federal Reserve has formed a FedNow Community group for its upcoming instant payment offering, the FedNow Service , and needs volunteers to support it, the Fed announced Wednesday (May 6). The Fed acknowledged the challenges brought on by the coronavirus but noted the FedNow Service is still scheduled to be unveiled in 2023 or 2024.

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Community Payments Boston Groups 234

Abrigo

FEBRUARY 28, 2025

trillion globally in 2024. 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. The Global Anti-Scam Alliance reports that s cammers siphoned away over $1.03

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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.

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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.

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South State Correspondent

FEBRUARY 29, 2024

Since our last update on pricing and credit HERE , commercial loan pricing trends for the first quarter of 2024 continue to be driven by the perceived increase in credit risk, tighter credit supply and banks’ need for wider margins. percentage points bringing forward looking LGD to 44% of the average community bank loan amount.

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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.

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Las Vegas Lending Community Bank North Carolina 70

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.

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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.

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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.

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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.

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ABA Community Banking

OCTOBER 21, 2024

The ABA Foundation named seven banks as 2024 Community Commitment Award winners. The post ABA Foundation announces winners of Community Commitment Awards, Distinguished Service Award appeared first on ABA Banking Journal. Raul Valles of Dallas Capital Bank in Texas to receive the George Bailey Distinguished Service Award.

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Community Dallas Texas Capital 52

Abrigo

FEBRUARY 6, 2025

With the right approach, the rewards may outweigh the risks, creating opportunities for both financial institutions and the communities they serve. billion year-over-year in 2024, totaling $31.4 Lending to CRBs supports local economies by fueling job creation, boosting tax revenue, and promoting community growth.

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Lending Compliance Community Software 195

Abrigo

DECEMBER 10, 2024

The increasing threat of elder fraud On December 4, 2024, FinCEN, along with the supervisory agencies, issued a s tatement on e lder f inancial e xploitatio n, or elder fraud. Education, collaboration, and advanced fraud detection software can help prevent it. FinCEN guidance for financial institutions appeared first on Abrigo.

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Fraud Training Software social media 195

Jeff For Banks

FEBRUARY 12, 2025

Online account opening remains the wild west for most community banks. And naturally I was keenly interested in how to solve this problem, or even diagnose what exactly is the problem, for community banks and online deposit account opening, either retail or business. Cost of funds did rise from 78 basis points in 2023 to 3.13% in 2024.

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Online Community Ohio Community Bank 96

Abrigo

FEBRUARY 6, 2025

Connect with an expert Red flags of a confidence scam To help clients and community members recognize and avoid confidence scams, financial institutions should educate them on the following warning signs: Too good to be true: If the person you're communicating with seems too perfect, be cautious.

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Fraud social media Software Video 221

ABA Community Banking

FEBRUARY 25, 2025

billion in the fourth quarter of 2024, according to the FDICs most recent Quarterly Banking Profile. billion in Q4 2024 appeared first on ABA Banking Journal. The banking industry reported an aggregate net income of $66.8 In addition, the agency ended reporting on the aggregate assets of institutions on the Problem Bank List.

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FDIC Industry Report Community Bank 52

Abrigo

DECEMBER 2, 2024

By implementing robust policies and utilizing advanced software to detect check fraud, these officers can significantly impact their community. Among financial institutions attending Abrigo’s July webinar on fraud, 60% reported that check fraud has continued to increase in 2024.

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Fraud Virginia Software Report 195

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.

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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?

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Community Bank Community Industry Marketing 195

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.

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Community Bank Community Industry 87

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.

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Marketing Conference Policies Survey 119

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.

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Community Bank Community Analysis Industry 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.

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New York Compliance 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.

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Community Regulation FDIC Community Bank 52

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.

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Marketing North Carolina US Community 119

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.

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Community Bank Community Strategy Atlanta 195

ABA Community Banking

MARCH 28, 2025

Credit union acquisition of banks doubled their pace in 2024, hitting a record high of 22 announced deals. The post ABA DataBank: Credit unions buy record number of banks in 2024 appeared first on ABA Banking Journal.

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Community Bank Community Data 75

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.

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Community Bank Community Industry Online 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.

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Community Community Bank 52

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.

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Compliance New York Regulation Analysis 221

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.

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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.

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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.

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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.

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Community Bank Community Risk Management Management 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.

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Community Bank Community Marketing Industry 87

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.

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How To Community Community Bank Marketing 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%.

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