--- title: Plansmith Blog | community bank planning (2) description: community bank planning | (2) --- [CALL TOLL-FREE 1-800-323-3281](https://www.plansmith.reachproductions.net/project/call-toll-free-1-800-323-3281/) [![Plansmith](https://blog.plansmith.com/hs-fs/hubfs/Plansmith-Logo.png?width=764&height=135&name=Plansmith-Logo.png "Plansmith")](https://www4.plansmith.com) - Solutions - [Budgeting](https://www4.plansmith.com/budgeting/) - [ALM](https://www4.plansmith.com/alm) - [ALM Advisory Services](https://www4.plansmith.com/alm/advisory-services/) - [CECL](https://www4.plansmith.com/cecl/) - [Strategy](https://www4.plansmith.com/strategy/) - [Market Intelligence](https://www4.plansmith.com/market-intelligence/) - Products - [StrategyGPS](https://www4.plansmith.com/strategygps/) - [Compass](https://www4.plansmith.com/compass/) - [BankersGPS](https://www4.plansmith.com/bankersgps/) - Resources - [Blog](https://blog.plansmith.com/) - [Videos](https://plansmith.wistia.com/projects/7qemazkqii) - [Compass Tutorials](https://info.plansmith.com/compass-tutorials) - [Lunch N’ Learn](https://info.plansmith.com/lunch-n-learns) - [Webinars](https://www4.plansmith.com/webinars/) - [About](https://www4.plansmith.com/about/) - [Schedule A Discovery Call](https://www4.plansmith.com/contact-us/) - [CALL TOLL-FREE 1-800-323-3281](tel:8003233281) # Plansmith Blog ## [Peer Analysis: What Is It and Why Does It Matter?](https://blog.plansmith.com/peer-analysis-what-is-it-and-why-does-it-matter) Posted by [Chris Lake](https://blog.plansmith.com/author/chris-lake) on 3/8/22, 8:28 AM - [Tweet](https://twitter.com/share) [![](https://blog.plansmith.com/hubfs/17.png)](https://blog.plansmith.com/peer-analysis-what-is-it-and-why-does-it-matter) As technology evolves and consumer trends are affected by outside social influences, including the COVID-19 pandemic, financial institutions are faced with ever-increasing competition. It is critical then, that organizations adopt new strategies to excel within their respective markets. One of the best ways to do this is to incorporate peer analysis into your organization’s planning process. Peer analysis is an impactful way to evaluate your bank’s performance within the context of your operating environment and business model. It can help you identify new opportunities, manage competitive pressures, and address regulatory hurdles. There are many facets to quality peer analysis but the most meaningful analysis hinges first on selecting the right peers. Eliminate the ‘Yeah, buts’ [Read More](https://blog.plansmith.com/peer-analysis-what-is-it-and-why-does-it-matter) ## [Planning Doesn’t Stop At 5:00 On Friday](https://blog.plansmith.com/planning-doesnt-stop-at-5) Posted by [David Schwieder](https://blog.plansmith.com/author/david-schwieder) on 8/4/21, 12:59 PM - [Tweet](https://twitter.com/share) [![reforecasting](https://blog.plansmith.com/hubfs/Concert220.png)](https://blog.plansmith.com/planning-doesnt-stop-at-5) At Plansmith, we focus on not only helping our clients with preparing an annual budget, but identifying the action items involved in making the plan come to fruition. When you work all week helping banks and credit unions do a better job of planning, it’s probably not uncommon to take a step away on the weekend and refresh the batteries. But do we ever really stop planning? Last year, shortly before COVID hit, I was making plans (there’s that word again) to attend a concert at Chicago’s Thalia Hall. Since this was a general admission show, my goal was to arrive early in order to be relatively close to the stage. If you’re a bank or credit union CFO, think of this as my ***desired ROI***. [Read More](https://blog.plansmith.com/planning-doesnt-stop-at-5) ## [Reforecasting: Planning for Real Life](https://blog.plansmith.com/reforecasting-planning-for-real-life) Posted by [Megan Plis](https://blog.plansmith.com/author/megan-plis) on 7/17/20, 11:00 AM - [Tweet](https://twitter.com/share) [![reforecasting](https://blog.plansmith.com/hubfs/concept-1868728_1920.jpg)](https://blog.plansmith.com/reforecasting-planning-for-real-life) If COVID-19 has taught us anything, it’s that plans change. For example, I had a cruise booked and paid for, including excursions to play with sea turtles and visit Mayan ruins this spring. Two of my close friends and I were set to venture from Tampa to Cozumel, Belize, and Honduras – live our best tropical lives, if you will. We were supposed to set sail April 19th and return April 26th. [Read More](https://blog.plansmith.com/reforecasting-planning-for-real-life) ## [Managing Consolidated Performance Objectives: Why A Unified Software Platform Is So Important](https://blog.plansmith.com/managing-consolidated-performance-objectives) Posted by [Brett Hendricks](https://blog.plansmith.com/author/brett-hendricks) on 7/8/20, 9:00 AM - [Tweet](https://twitter.com/share) [![financialplanningpartner](https://blog.plansmith.com/hubfs/block-chain-2850276_1920.jpg)](https://blog.plansmith.com/managing-consolidated-performance-objectives) As Plansmith’s ‘budgeting software’ evolved from its onset in the early 1970s, it became referred to as a ‘profit planning model.’ This distinction was made because it was much more than just balances on a spreadsheet or basic historical trends cast forward for the next year. [Read More](https://blog.plansmith.com/managing-consolidated-performance-objectives) ## [Planning: Crisis and Recovery](https://blog.plansmith.com/planning-crisis-and-recovery) Posted by [Bill Smith](https://blog.plansmith.com/author/bill-smith) on 5/13/20, 12:55 PM - [Tweet](https://twitter.com/share) [![](https://blog.plansmith.com/hubfs/money-2696229_1920.jpg)](https://blog.plansmith.com/planning-crisis-and-recovery) Plansmith believes in the power of planning to help manage the future. Our mission has been to provide the best tools and services to strengthen execution for sustained growth and quality earnings. Over the past 50 years thousands of financial institutions have benefited from the tools we build and the services we offer. In the current crisis there is no better time to rethink the use of complicated and confusing systems in favor of an easier, more flexible and a more understandable way to avoid the risk of bad decisions. Plansmith provides resources including dedicated people, expert advisors, educational offerings and great decision technology components for managing your future. [Read More](https://blog.plansmith.com/planning-crisis-and-recovery) ## [Why Shouldn’t My Financial Institution Use a Budgeting Program That Transcends Industries?](https://blog.plansmith.com/why-shouldnt-my-financial-institution-use-a-budgeting-program-that-transcends-industries) Posted by [Megan Plis](https://blog.plansmith.com/author/megan-plis) on 5/5/20, 10:28 AM - [Tweet](https://twitter.com/share) [![](https://blog.plansmith.com/hubfs/laptop-2562325_1920.jpg)](https://blog.plansmith.com/why-shouldnt-my-financial-institution-use-a-budgeting-program-that-transcends-industries) Banking, like Yogi, is a unique bear. If you haven’t worked in the trenches, you probably just don’t understand it. It’s an industry best served by those who have lived it. As unique as the industry is – you guessed it – your budgeting solution should be just as unique. [Read More](https://blog.plansmith.com/why-shouldnt-my-financial-institution-use-a-budgeting-program-that-transcends-industries) ## [Wayne Gretzky, the Barber Shop, and Your Contingency Funding Plan… What They Have In Common, and What You Should Be Doing NOW - Part II](https://blog.plansmith.com/wayne-gretzky-the-barber-shop-and-your-contingency-funding-plan-what-they-have-in-common-and-what-you-should-be-doing-now-part-ii) Posted by [Dave Wicklund](https://blog.plansmith.com/author/dave-wicklund) on 3/25/20, 9:37 AM - [Tweet](https://twitter.com/share) [![](https://blog.plansmith.com/hubfs/computer-820281_1920.jpg)](https://blog.plansmith.com/wayne-gretzky-the-barber-shop-and-your-contingency-funding-plan-what-they-have-in-common-and-what-you-should-be-doing-now-part-ii) In my 20+ years at the FDIC and now 8 years here at Plansmith, I honestly never imagined that all those Contingency Funding Plans (CFPs) I’ve read and written would actually be relevant. I always viewed them as a good way to layout the framework for monitoring funding risk and alternate sources of liquidity, but I certainly didn’t think that the “systemic stress” scenarios would really ever be something we’d actually be dealing with.  For those of you who didn’t see it, **[click here](https://blog.plansmith.com/wayne-gretzky-the-barber-shop-and-your-contingency-funding-plan-what-they-have-in-common-and-what-you-should-be-doing-now-part-i)** to read the blog I posted yesterday focusing on some things you can do help your community get through this current crisis. Today, we’re going to turn our focus to what you can, and should, be doing to limit the impact that this crisis might have on your institution. [Read More](https://blog.plansmith.com/wayne-gretzky-the-barber-shop-and-your-contingency-funding-plan-what-they-have-in-common-and-what-you-should-be-doing-now-part-ii) ## [Wayne Gretzky, the Barber Shop, and Your Contingency Funding Plan… What They Have In Common, and What You Should Be Doing NOW - Part I](https://blog.plansmith.com/wayne-gretzky-the-barber-shop-and-your-contingency-funding-plan-what-they-have-in-common-and-what-you-should-be-doing-now-part-i) Posted by [Dave Wicklund](https://blog.plansmith.com/author/dave-wicklund) on 3/24/20, 9:40 AM - [Tweet](https://twitter.com/share) [![](https://blog.plansmith.com/hubfs/team-4529717_1920.jpg)](https://blog.plansmith.com/wayne-gretzky-the-barber-shop-and-your-contingency-funding-plan-what-they-have-in-common-and-what-you-should-be-doing-now-part-i) In perhaps the most overused sports quote of all time, hockey legend Wayne Gretzky said, “I skate to where the puck is going to be, not where it has been.” That piece of advice is usually used to inspire people to look ahead to emerging markets and business opportunities. Right now, however, I think that quote can serve as a guide for us to examine where this is all going, and how we should be planning for what’s coming next. We know where the puck has been; rates have dropped to historic lows, the stock market has plummeted, most of you have closed your lobbies to commercial traffic, and you’ve probably taken numerous other steps to try to limit the impact that this pandemic will have on you and your bank or credit union. [Read More](https://blog.plansmith.com/wayne-gretzky-the-barber-shop-and-your-contingency-funding-plan-what-they-have-in-common-and-what-you-should-be-doing-now-part-i) ## [How Will Rate Changes Impact Your Budget?](https://blog.plansmith.com/how-will-rate-changes-impact-your-budget) Posted by [Craig Hartman](https://blog.plansmith.com/author/craig-hartman) on 3/11/20, 9:48 AM - [Tweet](https://twitter.com/share) [![](https://blog.plansmith.com/hubfs/stock-1863880_1920.jpg)](https://blog.plansmith.com/how-will-rate-changes-impact-your-budget) Everyone probably has their budgets in place for 2020 by now. And now comes along the Coronavirus and messes everything up. The Fed has already lowered rates by half a point. So, now you’re scrambling to figure out how this will impact your 2020 plans? Seems like you have a few choices: [Read More](https://blog.plansmith.com/how-will-rate-changes-impact-your-budget) ## [Communicate Your Numbers Like a PRO!](https://blog.plansmith.com/communicate-your-numbers-like-a-pro) Posted by [Jennifer Mello](https://blog.plansmith.com/author/jennifer-mello) on 3/4/20, 11:16 AM - [Tweet](https://twitter.com/share) [![](https://blog.plansmith.com/hubfs/Picture1.png)](https://blog.plansmith.com/communicate-your-numbers-like-a-pro) I know my numbers, but how do I communicate them to others within my organization? It’s a valid question that Plansmith fields regularly from our clients. We’ve got some answers for you. Everyone relates to numbers, no matter who you're talking to, but not everyone reads them in the same way. So, how do you make the most out of your conversations with everyone who needs to relate to the same numbers? [Read More](https://blog.plansmith.com/communicate-your-numbers-like-a-pro) [Previous](https://blog.plansmith.com/topic/community-bank-planning/page/1) [All posts](https://blog.plansmith.com/all) [Next](https://blog.plansmith.com/topic/community-bank-planning/page/3) ### Subscribe Now! ### Posts by Tag - [community bank planning (55)](https://blog.plansmith.com/topic/community-bank-planning) - [community bank strategy (52)](https://blog.plansmith.com/topic/community-bank-strategy) - [community bank (49)](https://blog.plansmith.com/topic/community-bank) - [credit union planning (47)](https://blog.plansmith.com/topic/credit-union-planning) - [community bank budget software (45)](https://blog.plansmith.com/topic/community-bank-budget-software) - [budgeting (42)](https://blog.plansmith.com/topic/budgeting) - [community bank budgeting (42)](https://blog.plansmith.com/topic/community-bank-budgeting) - [interest rate risk (35)](https://blog.plansmith.com/topic/interest-rate-risk) - [community bank interest rate risk (33)](https://blog.plansmith.com/topic/community-bank-interest-rate-risk) - 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