Sparks from the Anvil


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.

Read More

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!).

Read More

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?

Read More

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.
Read More

Tags: ceo, interest rate risk, community bank, community bank strategy, community bank ALCO, community bank interest rate risk, ALCO

Community Banks: Understand the Behavior of Interest Rate Risk

Posted by Craig Hartman on 9/13/17 1:00 PM

The purchase of an asset liability management (ALM) system presents a problem to many bankers. Often the process begins with the creation of a checklist of features and functions then progresses to comparing vendors. The vendor with the highest "score" wins. While this may be a good start, there are dimensions to the problem that this ignores, specifically the quality and significance of the features identified.

Read More

Tags: interest rate risk, community bank forecasting, community bank, community bank strategy, community bank ALCO, community bank interest rate risk, community bank budget, community bank budget software, community bank budgeting

Social Media Best Practices for Banks

Posted by Megan Plis Knapp on 8/22/17 3:05 PM

Social media best practices in the financial industry are tough because regulation becomes a real issue. Fortunately, there are some helpful platforms, such as Social Assurance, that assist in marketing automation (which is essential in 2017!) and ensure your social posts are compliant. Once you’re confident with the regulatory side, it’s all about value.

Read More

Tags: social media for community banks, social media, bank brand marketing, bank mission vision core values

Marketing to the Inundated Customer

Posted by Megan Plis Knapp on 8/1/17 1:04 PM
2017 is all about the inundated consumer. They’re inundated with emails, text messages, billboards, direct mail, social networks, etc. And, most of these from a variety of audiences: work, personal, blanket marketing, and marketing of things they actually care about. Their brain is left with the job of sorting through it all. It’s exhausting and beyond cluttered.
 
Read More

Tags: social media for community banks, social media

Planning Never Stops

Posted by Craig Hartman on 7/7/17 3:36 PM
Why is it that we, as humans, essentially plan every minute of every day, yet find it difficult to do similarly in our business?  We are planning, whether we realize it or not, while walking down the street.  We are looking ahead, anticipating other peoples' movements and planning our actions, albeit subliminally.  When we are driving, we constantly look ahead watching the cars around us and the road ahead.  Not only are we constantly planning but we do so to adapt to our environment and make course corrections to either avoid a problem or take advantage of changing circumstances.  In other words, planning never stops.
Read More

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

Customer Service and Social Media: A Lesson For Banks

Posted by Tom Parsons on 5/31/17 3:50 PM

Last month I experienced the best service possible. It was from American Airlines (no, really) – and it was through social media of all things.

Read More

Tags: social media for community banks, social media, Customer Service

Why Your Community Bank Needs Social Media

Posted by Megan Plis Knapp on 5/25/17 10:00 AM

I can talk about social media all day long. And all night, for that matter.

Read More

Tags: community bank, social media for community banks, social media, community bank marketing strategy

Market Analysis

Claim your free market analysis

Click here and tell us what you would like to know about your market. Our strategic advisor, Kevin Stang, will prepare a personal report helping you to...

  • Identify high-value locations
  • Evaluate potential new markets
  • Align your strategic plan with your audience

Get your free report here!

Subscribe to Email Updates