South State Correspondent

SEPTEMBER 30, 2024

In Q2/24 the average return of asset (ROA) for community banks (under $10B in assets) was 1.08%. But within the community banking sector, performance varied among banks significantly and a large swath of banks need to improve ROA. of community banks reported negative ROA. While the average ROA was 1.08%, approximately 5.7%

Community Bank 195

Community Bank Community National Regional 195

South State Correspondent

APRIL 18, 2022

Historically, community banks have relied on net interest margin (NIM) instead of fee income to drive return on equity (ROE). Community banks have overlooked fee income because of the lack of analytics on how fee income translates to revenue and profitability. Industry Comparison of Fee Income. Why Fee Income Is Important.

Lending 195

Lending Community Bank Community Comparison 195

South State Correspondent

OCTOBER 7, 2024

We recently worked with a community bank in the Southeast that wanted to win a piece of credit business for a manufacturing company. The manufacturing company had a long-time relationship with a national bank and the community bank lender was struggling to make inroads with the company’s CEO and owner. regulatory ROE. regulatory ROE.

Community Bank 195

Community Bank Community Industry Comparison 195

South State Correspondent

SEPTEMBER 18, 2023

This development is very important to community banks, as their efficiency ratio also increased, but to 61.63%. However, we believe that community banks should consider a different strategy since community banks’ much higher efficiency ratio results from a different driver.

Management 195

Management How To Community Bank Community 195

South State Correspondent

JUNE 9, 2022

Many community banks are searching for ways to increase fee income, and many bank CEOs have concluded that fee income is a significant driver of revenue and profitability. We argue that larger banks do not have an inherent advantage over community banks in generating fee income because of their scale.

Community Bank 195

Community Bank Community Comparison Fintech 195

South State Correspondent

OCTOBER 4, 2023

In an article last week ( Here ), we discussed how the higher-for-longer interest rate environment will affect the community bank sector. We argued that community banks must learn to improve performance in a low-growth environment for the foreseeable future. This is especially important when liquidity is scarce, as it is now.

Community Bank 195

Community Bank Community Capital Comparison 195

South State Correspondent

OCTOBER 23, 2022

Speed and Magnitude of Past Rate Hikes in Comparison. Application to Community Banks. While we broke down the seven waves of impact that banks need to be concerned about across the enterprise ( HERE ), there are several immediate risks from inflation and persistently rising interest rates for community banks.

Community Bank 221

Community Bank Community Meeting Lending 221

PYMNTS

JUNE 18, 2018

With this size, spaces like Craftwork can work in more sprawled areas of a city: By comparison, a lot of coworking spaces, by necessity, have to be in denser areas. But, with spaces such as Craftwork, remote workers and gig employees may be able to feel a part of a community — and the workforce as a whole.

Community 119

Community Austin Texas Comparison 119

South State Correspondent

APRIL 24, 2022

However, some community banks are still deciding on the correct term lending index to adopt. We believe that having more options for community banks is beneficial. Community banks have used overnight indices such as Fed Funds and Prime for decades, and those are not going away. Considerations For Choosing A Term Lending Index.

Lending 195

Lending Community Bank Community Marketing 195

PYMNTS

OCTOBER 22, 2020

She said the global pandemic has simply advanced a movement that has been underway for years, which has sought to provide banking access and digital financial services to underserved communities, mostly through mobile devices. I think it can play a very strong role, provided it is built within the context of social justice.?”.

Payments 206

Payments Community Mobile Comparison 206

PYMNTS

NOVEMBER 23, 2020

We designed Spotlight to entertain our community while living up to Snapchat values, with our community’s well being as a top priority. Payouts are calculated using a “proprietary equation” based on the comparison of views against other highly viewed snaps. .

Video 182

Video Comparison Tools Community 182

South State Correspondent

MAY 23, 2022

Customers and competitors are challenging community banks to extend loan duration – borrowers are eager to lock fixed rates before they rise further, and many competitors are happy to oblige. But what are the optimal fixed terms for community banks given today’s interest rate, credit, and liquidity environment?

Lending 195

Lending Community Bank Community Capital 195

PYMNTS

SEPTEMBER 25, 2020

The concern is that an increase in people ill with COVID-19 could turn into community-wide transmission at a key time, as the city launches limited indoor dining and opens educational institutions to an increased extent. By comparison, it has been around 1 percent for weeks in other places in the city and on the state on average.

New York City 151

New York City New York Comparison US 151

South State Correspondent

FEBRUARY 12, 2023

The average community bank’s cost of funding is highly correlated to Fed Funds and SOFR (for the industry, the correlation has been 94% with a six-month lag over the last 20 years). The borrower chose the ten-year fixed-rate option, and the economic comparisons for the lender and borrower are outlined below.

Community Bank 195

Community Bank Community Case Study Strategy 195

BankInovation

MAY 12, 2023

based Customers Bank made the decision to augment its third-party risk processes with the assistance of a fintech, it joined nearly 100 other community banks to shop for one via vendor platform True Digital. When Washington, D.C.-based

Comparison 52

Comparison Fintech Washington Community Bank 52

Jeff For Banks

DECEMBER 10, 2024

Before we begin and for comparison purposes, here are last year's top five , as measured in December 2023: #1. By way of comparison, we do a quarterly flip book for Massachusetts that shows all MA banks cost of funds was 2.48%. Interesting there is no bank that I would deem a traditional community bank. M&F Bancorp, Inc.

Las Vegas 70

Las Vegas Lending Community Bank North Carolina 70

PYMNTS

OCTOBER 9, 2020

That includes direct engagement with banks, financial institutions (FIs) and the community of actual cryptocurrency users. “To Its usage as a day-to-day currency pales in comparison to its popularity as a speculative investment or a tool for criminals. Lagging Consumer Use Cases.

cryptocurrency 205

cryptocurrency Bitcoin US Security 205

PYMNTS

OCTOBER 7, 2020

According to a 2019 International Monetary Fund study , bitcoin has morphed since 2011 from being a “niche medium of exchange for the tech community” into “the currency of choice for drug dealers conducting transactions on a Dark Web” via platforms like Silk Road. The Dark Web Likes Bitcoin, Too .

Bitcoin 233

Bitcoin cryptocurrency Fraud Cards 233

Abrigo

OCTOBER 23, 2014

Community banks certainly want to remain conservative with risks and follow regulations. ” Senior management and the Board need clear and concise reporting that shows: • Portfolio trends and characteristics • Peer comparisons • Current and future industry trends and concerns.

Risk Management 186

Risk Management Management Lending Resources 186

South State Correspondent

NOVEMBER 7, 2023

One successful loan proposal tactic for community banks to improve their acceptance rate is to embrace the old marketing rule of the “power of three.” Positioning through comparison is a potent tool. We review hundreds of term sheets and proposals for commercial borrowers each month.

Community 195

Community Comparison Marketing Tools 195

PYMNTS

SEPTEMBER 22, 2020

Mall of America To Provide 'Community Commons' For Local Companies. To help local businesses encountering difficulty because of the coronavirus or civil unrest, the Mall of America is contributing a 5,000-square-foot retail space to local businesses called the Community Commons.

Philadelphia 173

Philadelphia Retail Las Vegas America 173

Bussman Advisory

OCTOBER 20, 2022

Sees NFT opportunity Goldman Sachs crypto volumes are growing Amazon launches home insurance comparison website in Britain. As the first in-person SFF since 2019, the SFF team is ready to bring the global FinTech community together for a long overdue reunion. Subscribe now to our weekly newsletter.

Comparison 52

Comparison social media Fintech Community 52

Abrigo

SEPTEMBER 6, 2017

When it comes to borrower experience, 78 percent of community financial institution borrowers reported overall satisfaction as opposed to 46 percent of fintech borrowers. In delivering sound financial advice, Brown recommends offering peer comparison by sharing success stories from other business owners.

Survey 150

Survey Taxes Fintech Comparison 150

PYMNTS

JUNE 2, 2020

Dick’s Sporting Goods said that eCommerce penetration for Q1 2020 was roughly 39 percent of total net sales in comparison to roughly 13 percent during Q1 2019. The company had also reopened roughly 80 percent of its retail locations per an announcement.

Comparison 131

Comparison Retail Community Branding 131

PYMNTS

MARCH 3, 2020

With a round led by ACA Investments, comparison shopping platform iPrice Group has notched $10 million in Series B funding. The round also came with participation from Daiwa PI Partners as well as returning investors Asia Growth Fund, Mirae Asset-Naver, and Line Ventures, according to reports.

Groups 130

Groups Comparison Online Community 130

Gonzobanker

JANUARY 14, 2016

Hey, community bank and credit union marketers: Imagine that you’re sitting in your office, and your CEO comes in and says, “Got a minute? In many community-based FIs, however, Marketing isn’t good at doing that. ” You’ve got a minute. What do you say? ”]. ”]. .” That has to change.

Community 60

Community Marketing Mobile Technology 60

PYMNTS

NOVEMBER 21, 2016

Earlier this past summer, the online retail behemoth launched Amazon Vehicles stateside — an online comparison shopping tool for folks in the market for a new, used or classic car. Amazon Vehicles is more a research-intensive comparison hub and community of car enthusiasts than a purchasing platform. The site offers U.S.

Comparison 100

Comparison Online Tools Conference 100

PYMNTS

FEBRUARY 19, 2018

According to a report, the new group of banks to now support Apple Pay include American Eagle Financial Credit Union, Central Virginia Federal Credit Union and Community Bank & Trust of Florida, among others. percent — of payments executives are focused on price comparison tools. Since Apple launched Apple Pay in the U.S.,

Payments 144

Payments Apple Comparison Virginia 144

Lex Sokolin

OCTOBER 21, 2020

Our communities and networks have become increasingly digital. That means that our physical communities are also our digital communities. People are not buying some abstract reductionist notion of “products”, they are economically participating in communities with counterparties native to those communities.

Community 52

Community Video blockchain Maine 52

PYMNTS

DECEMBER 2, 2019

Nonprofit organizations are responsible for providing multiple community services, including access to shelters, clothing, food and clean water, as well as educational and mental health resources. average is 66 percent, by comparison. Recent data shows these groups are less likely than other U.S.

Management 141

Management Taxes Groups Regulation 141

South State Correspondent

AUGUST 5, 2024

We highlight how a community bank won a commercial real estate (CRE) mortgage against multiple competitors, solidifying an existing relationship, extending term to cross-sell treasury management, booking a highly profitable loan, lowering P&I payments to increase credit quality, and generating substantial amount of fee income.

Case Study 195

Case Study Study Community Bank Management 195

Independent Banker

APRIL 28, 2016

I also focus on budgets, loan and deposit growth, net interest margins, quarterly comparison reports, and the banker’s view of his or her local economy. Finally, I focus on economic news in our markets, which include five communities south of Houston. We are staffed by 100 employees, who are very involved in their communities.

Dallas 131

Dallas Texas Houston Community 131

Abrigo

AUGUST 11, 2016

Credit unions have taken note of this trend and responded, producing eight out of the top 10-rated banking apps, according to a ranking by MagnifyMoney , a financial-product comparison website. A recent article in the Milwaukee Wisconsin Journal Sentinel notes, “More community bank takeovers by large credit unions are likely.”

Michigan 150

Michigan Milwaukee Indiana Wisconsin 150

Celent Banking

APRIL 27, 2015

Celent recently released the report On the Margins: A Comparison of Banks and Credit Unions by Asset Tier , where community institutions of the same size are compared across a number of performance metrics, mainly efficiency ratio. Credit unions are generally more customer-centric and have higher technology adoption.

Community 100

Community Resources Comparison Maine 100

PYMNTS

AUGUST 12, 2019

It is easy to wag a finger at consumers not price-shopping their car loans, mortgages or personal loans carefully, Lulic said — but only if one overlooks the fact that comparison shopping lending products is not nearly as easy as comparing consumer goods. All of our reviews are based on community votes to recommend or not recommend.

Lending 176

Lending Community Data Maine 176

PYMNTS

SEPTEMBER 15, 2020

Similarly, industry and society are moving on to new experiences in futuristic online “worlds” with functioning economies where real-world and virtual events commingle in an evolution of social media-style community offering safety from COVID and, increasingly, commerce. million viewers.

Indianapolis 160

Indianapolis social media Comparison Washington 160

PYMNTS

MAY 8, 2020

The poll was conducted by a San Francisco-based advocacy group called Small Business Majority, and its CEO John Arensmeyer has been a proponent of community grants that exist outside of the formal banking system that has controlled government aid up to this point. In comparison, small businesses selling similar products were forced to close.

Maine 142

Maine Groups San Francisco Lending 142