Dec 5, 2022
CECL platform offers embedded data sources for documenting your Q Factors and forecasting options, transparent reporting, access to a team of advisors and more.
Nov 1, 2022
While there is no shortage of risks that CFIs face, one way to enhance your risk management strategy might be in reshaping your board of directors. We give you tips on how to strengthen your board and reexamine the way the group approaches risk.
Mar 22, 2022
The board of directors plays a crucial role in steering community financial institutions and helping them shape their local economies. To ensure continuous improvement, institutions should measure their board’s effectiveness regularly. We give you some tips on how to review your board’s composition, structure, and performance, and identify opportunities for improvement.
Mar 9, 2021
Research has shown that board diversity increases financial performance. Not only that but many communities are becoming more diverse. As businesses grow and diversity increases, you will want to consider increasing the diversity of your board of directors. This can be done with three actions to enhance your board’s diversity and perspective.
Aug 17, 2022
The Federal Reserve just concluded its annual capital adequacy annual stress test with 33 participating banks. While regulators don’t require CFIs to run stress tests to assess their capital adequacy, the federal banking supervisory agencies indicate that they should have the capacity to analyze the potential impact of adverse outcomes, and particularly encourage this for CFIs with CRE portfolios. We provide four steps to help form the foundation of an effective capital planning process.
Jul 21, 2022
Boards of directors have essential monitoring and advisory responsibilities that affect their organizations’ performance. In an ideal world, a corporate board would have a strong culture and contribute to the success of the organization. A recent survey of smaller banks found that less than half of their boards met that standard.
May 5, 2022
Diversity, equity, and inclusion are priorities for community financial institutions. Attracting and retaining diverse talent is essential to long-term success, but fostering a culture of inclusion can be difficult and requires ongoing effort. We give you some tips on how to create an inclusive workplace to maximize employee engagement and retention.
Oct 7, 2021
Credit unions have now acquired more than 100 community banks since 2013. We have seen this M&A activity ebb and flow, but right now it seems to be flowing. Here is an update with some of the advantages and disadvantages of these deals, while discussing the credit union tax exemption.
Aug 4, 2021
It is not just the big banks that have made commitments to diversity, equity, and inclusion DEI initiatives. Financial institutions of all sizes are getting involved. We map out a few of these efforts by the big banks, regional banks, and your peers, community financial institutions. Even if you are already involved in DEI measures, you may find some nuggets to add to your list.
Apr 19, 2021
Community banks keep saving the day, so we highlight the outreach efforts after record-breaking wildfires last year and the continuing efforts to help children in need. These community banks are serving their communities well in Oregon, California, Florida, Minnesota, and Colorado. We honor these banks, along with every other community bank that keeps saving the day in their communities.
Aug 2, 2022
Banks should be benefiting from the interest rate increase, but bank stock prices aren’t following the trend. There are actually many other factors that impact bank stock prices that are keeping current share prices down. Here are the root causes of the current prices and what CFIs can do to turn the market in their favor as rates continue to rise.
Jul 7, 2021
Federal officials just extended a PPP rule change to March 31, 2022, which makes it easier for executive officers, directors, and principal shareholders to apply for PPP loans. These insider loans can be helpful for communities. We explain how, give you the pros and cons of providing insider PPP loans, and explain the potential pitfalls of reputational risk, special treatment, and difficulty denying loans.
Jun 9, 2021
The year 2020 was a year of many changes. In 2021, many community financial institutions are finding more change — they need to change their culture to meet today’s challenges or face being left behind. We provide you with four best practices to do this, including developing a plan, obtaining buy-in, being willing to experiment, and ensuring leaders “walk the walk.”
Jun 3, 2021
The pandemic changed almost everything. Did it change strategic planning? Despite the upheaval of the crisis, we discovered that many financial institutions stayed the course with regard to their strategic planning. We share how they did this and what their priorities will likely be during their strategic planning for 2022.