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Small banks: Big challenges and big opportunities

Abrigo

According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. The best lending software for small banks, for example, is flexible enough that it can be customer-facing for only those product types the bank chooses. People have other options,” Kirby said.

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Ag lending risk increasing as result of declining incomes

Abrigo

“Although loan volumes have increased steadily since 2011, recent increases have coincided with a period of declining farm income,” said a recent report from the Federal Reserve Bank of Kansas City. The report noted that since 2012, crop cash receipts have declined by more than 20 percent, according to the USDA.

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How to stress test your ag portfolio

Abrigo

The report, from the Federal Reserve Bank of Kansas City , stated that demand could remain high since futures markets for fall crops show prices are likely to remain low because of the potential for another record harvest. The challenge is that market conditions in this type of lending tend to be volatile.

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CFPB Set to Release Payday Lending Proposal on June 2

American Banker

The bureau said Wednesday that it plans to hold a public hearing in Kansas City, Mo., to discuss small dollar lending. The hearing will be held at the Kansas City Convention Center and will feature remarks from CFPB Director Richard Cordray, as well as testimony from consumer groups, industry representatives, and the public.

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Onward Financial’s Employer-Backed Payday Loan Alternative

PYMNTS

I think it is pretty obvious when you read stories about the payday lending industry – and how it goes wrong for customers – that consumers need a better alternative,” Onward Financial Founder Ronnie Washington said. Instead of potentially paying higher fees over a longer period of time, consumers just have bills they can’t pay.

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Non-performing ag loans increase, says lender survey

Abrigo

Earlier this year, the Federal Reserve Bank of Kansas City reported that non-real estate bank loans made to farmers in the first quarter grew by nearly 8 percent. The increased ag lending was driven by higher borrowing for current operating expenses and livestock purchases. Image credit: Forest Wander via Flickr CC.

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Acquire or Be Acquired 2023: Disruption ‘Comes Home’ to Banking

Gonzobanker

An Expanding Regulatory Perimeter With the collapse of crypto and FTX serving as this generation’s Enron, discussions abounded that the reach of traditional regulators will expand into the fintech, shadow banking, and decentralized finance worlds.

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