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CIO Review 2023

CIO Review 2023

All financial institutions are now required to adopt the current expected credit losses (CECL) standard for estimating credit loss allowances. The CECL standard is designed to improve the accuracy and transparency of credit loss estimates by requiring financial...

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BANKS DESERVE BETTER FROM VENDORS

BANKS DESERVE BETTER FROM VENDORS

CURRENT BANKING ENVIRONMENT Increasing regulation,  thinner spreads and a questionable economic future are a given in the current community banking world.  Piling on problems from vendors is something that can be avoidable. VENDOR PROMISES Dealing with vendors seems...

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Are you ready for CECL?

Are you ready for CECL?

DON'T WAIT UNTIL IT'S TOO LATE!December 31st, 2021  January 1st, 2023CECL IMPLEMENTATION TIMING The latest deadline for most community banks is postponed to January 1, 2023.  This also helps everyone.  Our model was finished early to assist the banks in playing...

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DOCUMENT IMAGING SHORTFALLS

DOCUMENT IMAGING SHORTFALLS

IMAGING PROBLEMS Before covid-19 we visited several banks a month.  Some were not happy with their existing imaging systems.  They commented on various Document Imaging Shortfalls.  My first position in banking was reviewing documentation daily as a regulator.  I am...

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LOAN MONITORING VS INTEREST SPREAD

LOAN MONITORING VS INTEREST SPREAD

CURRENT NET INTEREST MARGINS The fed has rolled rates to near zero again.  This tightens the bank's bottom line again.  When visiting with bankers in the last months interest rate spreads are almost always the number one concern. Loan monitoring vs interest spread?...

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