Plansmith Blog


Why Regulators Care About Surge Deposits (And You Should, Too!)

Posted by Dave Wicklund on 5/17/18 8:40 AM

So why do we keep hearing about “surge” deposits and how important it is to know if you’re holding any? Well, it might be because in the past 10 years, CD balances in FDIC insured institutions have fallen by $880 Billion; yes, that’s Billion with a capital “B.” And while that may be the bad news, the good news is that over the same time period, non-maturity deposits (DDAs, NOWs, Savings, and MMDAs) have grown by $5.9 Trillion (with a capital “T”).

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Tags: interest rate risk, community bank ALCO, community bank interest rate risk, ALCO, interest rate risk management, IRR, bank irr reporting, asset liability management, surge deposits

Bipartisan Banking: It's About Time

Posted by Sue West on 4/25/18 12:05 PM

I have been in the banking industry since 1979, and on March 22, 2018 I received a copy of something that I never thought I would see that made me say out loud, “It’s about time!”

It was a letter to Members of the Illinois Congressional Delegation. The content of that letter was to express strong support for bill S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act. What surprised me was that it was signed by the presidents and CEOs of 4 financial trade associations, comprised of both banks and credit unions.

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Tags: strategic thinking, ceo, bank strategy, leadership

Bankers: Are You Considering a New Branch Location?

Posted by Kevin Stang on 4/18/18 2:42 PM

So, you decided to open a new branch? This comes after you’ve spent hundreds of thousands of dollars on new electronic delivery technologies. It also comes after we just hit a record for financial institution branch closures. And let’s also add the fact that lobby traffic has reduced by 10 times the rate of those branch closures. Given these facts, how can you know if you’re making the right decision?  

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Tags: strategic planning, community bank planning, credit union planning, market intelligence, market analysis

Is Compass Advanced Coaching Right For You?

Posted by Karen How on 3/27/18 9:47 AM

As Plansmith’s Director of Client Education, I’m often asked which continuing education programs should I attend and why? 

One of my favorite courses that I always recommend is our Compass Advanced Coaching event. Don’t let the title scare you, it’s a great fit for a wide variety of experience levels.

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Tags: forecasting, community bank budgeting, interest rate risk management, continuing education, compass

Change Isn't What It Used To Be

Posted by Craig Hartman on 3/7/18 2:15 PM

Since the mid-1960s change has been a constant. The only real change is the rate of change. For years there have been predictions of shrinkage in the number of banks – the prediction is finally coming true. There has been a big change in the number of institutions (over 16,000 in 1972 to about 5,000 today). The environments they serve and the ways in which they serve has changed. Competition, consumer attitudes, market demographics, regulations, products, and technology have all had their impact.

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Tags: community bank planning, strategic planning for banks, bank mission vision core values, credit union planning

5 Ways Plansmith Simplifies Your Budgeting Process

Posted by Brett Hendricks on 2/27/18 3:08 PM

For most banks and credit unions the annual budgeting process is just that, a “process” that is far from looked forward to.

The CFO gathers data and input from market managers and department heads. The President and CEO then hand down more information as well as targets and objectives that rarely align with the other information. It's then the CFO's and finance team's job to cobble it all together, make it balance, and deliver results to the Board for approval.

As anyone who has been through it knows, the process itself is not cut and dry. To be honest, it can be downright exhausting.


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Tags: community bank budget software, community bank budgeting, bank budget, credit union planning

5 Things Your Strategic Plan is Probably Missing

Posted by Megan Plis Knapp on 2/23/18 3:17 PM

The saddest thing I see with banks and credit unions is probably not what you'd think.

It's not a lack of passion for people, or even a disparate set of products that fail to match up with customer needs. In fact, banks and credit unions excel at both of these and they play a big role in creating a unique customer experience.

I could continue to list things, but you still wouldn't guess. Why? Because it's something we don't even think about it's so foreign to us.

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Tags: bank strategy, strategy, community bank planning, strategic planning for banks, credit union planning

3 Reasons Outsourcing Your IRR is the Smart Choice

Posted by Megan Plis Knapp on 1/17/18 2:55 PM

Smart choice - that's a bold statement. But believe me, I wouldn't use those words if it weren't the truth.

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Tags: interest rate risk management, bank irr reporting, Outsource IRR

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

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

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