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. Community banks that can maintain margins, increase fee income, and retain deposit-rich relationships will have a tremendous competitive advantage in the near term.

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Community Bank Community Compliance Marketing 195

South State Correspondent

JANUARY 10, 2024

Community banks’ use of swaps (banks’ primary tool to hedge interest rate risk on loans) has increased substantially over the last ten years. Meanwhile, community banks face net interest margin (NIM) and fee income pressure. Meanwhile, community banks face net interest margin (NIM) and fee income pressure.

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Community Bank Community National Regional 195

Independent Banker

NOVEMBER 30, 2022

People want to be a part of something bigger than themselves, and community banks provide that opportunity. Community banking is about serving the greater good. As community continuators, we are part of something bigger than ourselves. Use social media to tell your community bank’s story of service. My Top Three.

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Community Bank Community social media Maine 203

Perficient

JANUARY 22, 2021

Through Perficient’s kindness campaign , the philanthropy our colleagues provided touched tens of thousands of people in communities large and small. Pleasant, Michigan Community. In other words, $100 from Perficient to my small community grew to becoming $600 that will provide a meal for about 300 people!!!

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Michigan Community Company Innovation 476

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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Community Bank Community Industry Strategy 195

South State Correspondent

AUGUST 29, 2022

Over the last 15 years, an ever greater percentage of community banks have embraced some form of interest rate hedging. However, about one in five community banks offer some form of loan-by-loan hedging products. Each has advantages and disadvantages, and the right solution may differ for each community bank.

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Community Bank Community Strategy Regional 195

South State Correspondent

AUGUST 29, 2022

Over the last 15 years, an ever greater percentage of community banks have embraced some form of interest rate hedging. However, about one in five community banks offer some form of loan-by-loan hedging products. Each has advantages and disadvantages, and the right solution may differ for each community bank.

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Community Bank Community Strategy Regional 195

Perficient

MARCH 4, 2021

The people of Perficient are big believers in giving back to the communities in which we live and work. Louis, there is an opportunity to invest in the surrounding community that Perficient takes seriously. . See open jobs or join our talent community for career tips, job openings, company updates, and more!

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St. Louis Community Missouri Leadership 511

Independent Banker

MAY 31, 2022

Community continuation is not about checking a regulatory box; it means putting a name to the people who will be the future of our banks. In our bank, we have retired the phrase “succession planning” and replaced it with “community continuation.” A checklist for effective community continuation. Photo by Chris Williams.

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Community Community Bank Leadership US 252

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 Carolina Community Community Bank 98

Independent Banker

JANUARY 31, 2023

Inspired by the entrepreneurship of lemonade stands, Scottsdale Community Bank created a microloan program. Photo by Brandon Sullivan De novo Scottsdale Community Bank set out to provide microloans to small and mid-size businesses, family organizations and nonprofits—a project that was inspired by the humble lemonade stand.

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Community Bank Community Phoenix Arizona 172

ABA Community Banking

OCTOBER 1, 2024

Open communication and education with mindful, real examples are the best steps in demonstrating that scams and fraud can happen to anyone. The post Bank Community Engagement: Protecting teens from financial scammers appeared first on ABA Banking Journal.

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Community Fraud Examples Community Bank 98

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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Community Community Bank Survey Conference 94

PYMNTS

JULY 7, 2020

For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings.

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Community Bank Community Fintech Regional 242

Independent Banker

MARCH 31, 2022

As community bankers, our customers depend on us to keep their dreams alive. Thankfully, that glass-half-full attitude comes naturally for community bankers. As community bankers, our customers depend on us to keep their dreams alive. We take these actions because we are community continuators. We’re more than just banks.

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Community Community Bank National Meeting 182

American Banker

NOVEMBER 11, 2024

With plans to open 100 banking centers in "banking deserts," the $3 trillion JPMorgan Chase is arguably the nation's largest community bank. Other big banks should take notice and follow suit, and regulators should encourage them.

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Community Bank Community America National 83

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.

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Community Community Bank Georgia San Antonio 172

PYMNTS

SEPTEMBER 17, 2020

Mastercard said it will invest $500 million in Black communities across the U.S. We have an obligation … to be part of the positive change Black communities so rightly need now," said Ajay Banga , Mastercard CEO. "We over the next five years in a bid to address racial disparities in financial services. This is a time for action.

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Community St. Louis Los Angeles Ohio 282

ABA Community Banking

JUNE 3, 2024

ABA added NB Bancorp, headquartered in Needham, Massachusetts, to the ABA NASDAQ Community Bank Index, or ABAQ. The post NB Bancorp added to ABA NASDAQ Community Bank Index appeared first on ABA Banking Journal.

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Community Bank Community Massachusetts 98

Jeff For Banks

JANUARY 26, 2023

I recently spoke to a community group, and subsequently a community bank all-staff meeting regarding the definition of a community bank. The FDIC has defined community banks in their December 2020 Community Banking Report that either exclude or include the following criteria: Seems complicated.

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Community Bank Community FDIC Risk Management 147

American Banker

NOVEMBER 14, 2024

The top five community banks averaged a return on average equity of 115.97% as of June 30.

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Community Bank Community 77

American Banker

SEPTEMBER 13, 2024

Community bankers have found that demonstrating efficiency, providing proper training and describing use cases can help get employees on board with AI products.

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Community Community Bank Training Technology 85

Independent Banker

AUGUST 31, 2021

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional Community Bank Service Award. Instead, we give those dollars to the community.”. Asset size: $1.36

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Community Bank Community National Fresno 196

American Banker

JULY 17, 2024

Congress needs to take immediate action to reform policies that foster this trend and ultimately subsidize banking consolidation on Main Street, writes Rebeca Romero Rainey, president and CEO of the Independent Community Bankers of America.

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Community Community Bank Policies Maine 99

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.

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Community Bank Community Survey Leadership 188

ABA Community Banking

OCTOBER 13, 2020

Banks contribute to their communities and local organizations in ways that matter a lot during the pandemic. The post Putting the ‘Community’ into Community Banking appeared first on ABA Banking Journal.

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Community Bank Community social media Marketing 122

Independent Banker

NOVEMBER 30, 2022

Community Financial Services Bank, Benton, Ky.; In our annual workplace survey, employees of ICBA’s best community banks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. Clockwise from top left: Grand Ridge National Bank, Wheaton, Ill.; Bank of Montana, Missoula, Mont.;

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Community Bank Community Montana Leadership 169

ABA Community Banking

SEPTEMBER 11, 2023

The post Stressing ‘community’ in community banking appeared first on ABA Banking Journal. As CEO of First United Bank and Trust, ABA Treasurer Carissa Rodeheaver views personal relationships as the core business strength of the institution.

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Community Bank Community Leadership 59

Independent Banker

DECEMBER 31, 2021

Let’s rediscover what it means to be community bankers. Because as community bankers, it’s what we do. That just may be community bankers’ word of the year. ICBA helps community banks in many ways, but here are the three I plan to take advantage of this year: ThinkTECH Accelerator cohorts. Photo by Heather Esposito.

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Community Exercises Community Bank US 171

Independent Banker

JANUARY 31, 2022

Here’s how four community banks are thriving in this environment. Clearly, community banks in the region have plenty of opportunities to do what they do best: forge deep and lasting relationships with their customers and communities. These include family-owned businesses, community businesses and operating companies.

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Texas San Antonio Community Bank Community 182