Plansmith Blog


The Top 3 Lunch 'n Learns to Review for 2018

Posted by Jennifer Mello on 1/3/18 1:53 PM

The New Year is a great time to prep and review. That's why I've picked the top 3 Lunch 'n Learns you should review before diving into 2018.

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Tags: community bank budgeting, community bank planning, compass

There is No Secret Sauce

Posted by Sue West on 12/27/17 10:32 AM

We all like to start the new year with aspirations to renew, realign, and regain control of our world.

I don’t know about you, but those words just get me pumped.

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Tags: leadership, Customer Service

Strategy Lessons From a Chess Grandmaster

Posted by Tom Parsons on 12/20/17 3:12 PM

Garry Kasparov. You might only know him as a former world chess champion; perhaps the greatest of all time.

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Tags: bank strategy, strategic planning

How to excel without Excel

Posted by Brett Hendricks on 12/6/17 12:37 PM

One of the most common calls we take at Plansmith is from a bank or credit union looking to improve their entire budgeting, forecasting and board reporting process. While the organizations vary greatly in size, and the person calling is sometimes the president and other times a financial analyst – most often they all have one thing in common: “I’m currently using Excel.”

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Tags: community bank budget software, community bank budgeting, bank budget

The 3 Biggest Missed Opportunities of Social Media

Posted by Megan Plis Knapp on 11/27/17 4:11 PM

Banks and credit unions have made leaps in the way of social media in the last year. But, there's still tremendous opportunity waiting to be seized.

The idea behind social media is that it's simply another method of communicating with your audience. If you'd like to read more about social media best practices, you can read about it here, but that's not the purpose of this article.

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Tags: social media for community banks, social media

The 3 Reasons Strategic Plans Fail

Posted by Tom Parsons on 11/14/17 3:17 PM

Why does strategic planning matter? Jim Fugitte, Director of Strategic Advisory Services, explains that banks with a strategy outperform their peers – when they execute the plan.

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Tags: bank strategy, bank strategic planning software, Strategic Plan

3 Key Components in Outsource IRR Analysis

Posted by Tom Parsons on 10/19/17 3:24 PM

The October 2017 issue of ICBA Independent Banker features Dave Wicklund and his views on selecting a service provider for outsourcing your IRR analysis. You can find the article on page 57.

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Tags: community bank interest rate risk, interest rate risk management, IRR, Outsource IRR

Budget Reforecasting for Community Banks

Posted by Roxanne Nikirk on 10/17/17 3:08 PM
Your community bank's budgets are finalized. Year end is over. Now what?

Our budgeting process gives us an idea of where we think we are headed in the next year. Many times, what we think will happen, is not what happens in reality. After all, if we all had a crystal ball at our disposal, you would not be reading this blog right now (I know I would not be writing it!).

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Tags: community bank forecasting, community bank, community bank strategy, community bank budget, forecasting, community bank budget software, community bank budgeting, fintech

My Community Bank's Budget Is Done, Now What?

Posted by Bill Smith on 10/3/17 4:30 PM
Thankfully, my community bank's budget is done – now what? Continue planning, that’s what.

Most of us hate planning, so why would I want to start now, when I could wait until the usual time next year?

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Tags: bank strategy, strategic planning, community bank strategy, community bank budget, community bank budget software, community bank budgeting, bank budget

Forgotten Components of Interest Rate Risk at Community Banks

Posted by Craig Hartman on 9/26/17 6:30 PM
It is standard operating procedure for community banks to measure interest rate risk by shocking the balance sheet. The percentage change in the Net Interest Margin over several shock levels as an indicator of the severity of risk. While it can provide a clue to the potential loss in the margin, it by no means measures the true risk. The true risk is Equity loss. Equity doesn’t come from NIM but from retained earnings. So to truly measure risk to equity, we must use the entire P&L, not just net interest income.
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Tags: ceo, interest rate risk, community bank, community bank strategy, community bank ALCO, community bank interest rate risk, ALCO

IRR Training Videos

Newly updated series

by Dave Wicklund
Former FDIC Examiner

Click here for training options including:

 - IRR Modeling Principals
 - Key IRR Model Assumptions - Assets
 - Key IRR Model Assumptions - Deposits
 - IRR Management
 - Independent Review, Model Validation
 - Backtesting

Bonus Board Training Content

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