Abrigo

DECEMBER 2, 2014

Compared to the second quarter of 2014 and the third quarter of 2013, loan growth continues to increase. This total represents an increase of almost 24% over the third quarter of 2013. billion from the third quarter of 2013. Blog Bank Credit Union' Loan-Loss Provisions Increase. Charge-Off Rate Down 21 Percent.

CECL 83

CECL Credit Unions 83

Abrigo

OCTOBER 2, 2014

minimum common equity capital ratio, took effect on January 1, 2013. Blog Bank Credit Union' The arrangements, as shown below, are designed to provide banks with the opportunity to gradually meet the new requirements. Some requirements, like a 4.5% minimum tier 1 capital ratio and a 3.5%

Credit Unions 94

Credit Unions 94

Abrigo

APRIL 6, 2015

It can lead to bottlenecks, additional reports that must be prepared, lost focus for bank or credit union executives, stress for board members and, in some situations, a bad report from examiners. Today, we launched the 2015 Bank & Credit Union Federal Exam Survey. Blog Bank Credit Union'

Credit Unions 60

Credit Unions 60

Abrigo

NOVEMBER 21, 2014

banks is up $157 billion from the same period in 2013. bank and credit union, named the “ Top 15 community banks by commercial loan growth.” banks, the list was determined by reviewing a bank’s Q3 2013 C&I loan total alongside its Q3 2014 figure and calculating the percentage increase.

Credit Unions 74

Credit Unions Transactions Small Businesses 74

Abrigo

FEBRUARY 17, 2015

While total lending expanded by over four percent between March 2012 and March 2013, the growth rate decelerated to less than four percent the following year. When doing so, it is important to maintain prudent lending standards, avoid the common growing pains of expanding credit portfolios and enhance credit quality.

Credit Unions 84

Credit Unions 84

Abrigo

JANUARY 5, 2015

According to the survey, 95 percent feel the current M&A environment is equally or more favorable than 2013. Respondents cited increases in the number of banks interested in selling, improved credit quality , improved stock valuations, more capital and a stronger economy among the top reasons why. Blog Bank Credit Union'

Credit Unions 83

Credit Unions 83

Abrigo

OCTOBER 21, 2014

Thomas Curry, comptroller of the currency, commented on the changes at the 2013 AICPA Banking Conference, stating, “There is no question that implementation of the FASB proposal will require most banks to boost their allowance; perhaps in the neighborhood of 30-50% system-wide if applied today. Blog Bank Credit Union'

CECL 83

CECL Credit Unions Transactions 83

Abrigo

MAY 5, 2022

Podcasts for Bank & Credit Union Execs & Staff Are Plentiful; Here Are 10 Good Ones These banking podcasts discuss current events, strategic and policy issues, competition, digitalization advice, and more. Podcasts for bankers and credit union execs, staff. And all release a new episode at least monthly.

Credit Unions 78

Credit Unions CECL Credit Risk 78

Abrigo

OCTOBER 1, 2014

A recent Sageworks survey of 417 community bank and credit union professionals found that more than two-thirds of respondents expect their institutions to make more commercial loans this year than in 2013. Blog Bank Credit Union' The relationship between SBOs and community bankers can be mutually beneficial.

Credit Unions 68

Credit Unions Small Businesses 68

Abrigo

JUNE 30, 2015

The attention on the FASB’s current expected credit loss (CECL) model has only increased in recent months, as the industry braces for the release of final guidance before the end of 2015. The CECL model will require banks and credit unions to consider expected losses rather than incurred losses.

CECL 60

CECL Credit Unions Accounting Firms 60

Abrigo

MARCH 9, 2015

Net income was up almost 28% over the fourth quarter of 2013 led by higher net operating revenue and lower loan loss provisions. percent from 2013. More than 70 percent of community banks increased their net interest income over the fourth quarter of 2013. Blog Bank Credit Union' percent to $36.9

Credit Unions 60

Credit Unions 60

Abrigo

NOVEMBER 12, 2014

According to a Sageworks poll conducted in 2013 , bankers struggle most with combining personal and business incomes in the analysis. Blog Bank Credit Union' – and a global cash flow analysis is required to properly assess the creditworthiness of the whole entity.

Credit Unions 74

Credit Unions 74

Abrigo

NOVEMBER 29, 2014

Conducted in 2013, this poll shows the fallibility of using spreadsheets in the ALLL process. Blog Bank CFO Credit Union Industry Trends' Just as there have been improvements in transportation and word processing, there have also been improvements in technology for the ALLL.

Credit Unions 90

Credit Unions CECL 90

Abrigo

MARCH 20, 2020

This primary source of guidance on TDRs and testing for loan impairment could be especially important as banks and credit unions determine which loans have been affected by the impacts of public health actions to contain the coronavirus. 2011 Interagency Policy Statement on TDRs (FIL-50-2013). FDIC, OCC, FED. FDIC, OCC, FED.

CECL 78

CECL Credit Unions 78

Abrigo

DECEMBER 1, 2021

This article is substantially updated from a 2013 blog post. There will always be risks inherent in loan portfolios, and effective portfolio management and loan control functions are critical to the overall risk management function of banks and credit unions. Commitment from senior management.

Credit Risk 78

Credit Risk Credit Unions 78

Abrigo

AUGUST 8, 2021

This article is substantially updated from a 2013 blog post. An effective independent loan review system has always been critical for managing a financial institution’s credit risk and accurately estimating the allowance for loan and lease losses, or ALLL. Identifying Credit Weaknesses. 7 Objectives of credit risk review.

Credit Risk 78

Credit Risk Credit Unions CECL Credit and Collections 78

Fundera

SEPTEMBER 5, 2019

In March 2016, big banks approved 23% of funding requests , institutional lenders (which include savings banks and life insurance companies) approved 62.8%, small banks approved 48.7%, alternative lenders (like the ones Fundera works with) approved 60.7%, and credit unions approved 42% of loan applications. .

Small Businesses 109

Small Businesses Credit Scoring Credit Unions Insurance Companies 109

Fundera

MARCH 7, 2019

In March 2016, big banks approved 23% of funding requests , institutional lenders (which include savings banks and life insurance companies) approved 62.8%, small banks approved 48.7%, alternative lenders (like the ones Fundera works with) approved 60.7%, and credit unions approved 42% of loan applications. .

Credit Scoring 109

Credit Scoring Small Businesses Credit Unions Insurance Companies 109

Abrigo

DECEMBER 9, 2014

percent over the 3rd quarter of 2013. These expansions can come with growing pains, including identifying new customers to whom the bank can make loans, creating more rigorous and objective credit analysis policies and training bank employees on those policies. Blog Bank Credit Union'

Credit Unions 68

Credit Unions Credit Risk Small Businesses 68

Abrigo

MARCH 4, 2022

Once the synthetic identities accumulated positive credit reports, participants in the scheme used the identities to fraudulently obtain loans and credit card accounts, then used the accounts to the maximum amount without paying the balances. The largest ever bust out case to date?

Credit Unions 78

Credit Unions Credit and Collections Transactions Cybersecurity 78

Fundera

JULY 21, 2017

Many SBOs are saving less than they did four years ago—47% have saved a nest egg of more than $100,000, compared to 59% who saved at least that amount in 2013. Jim Salmon, VP of business services for Navy Federal Credit Union, says entrepreneurs need to be strategic about selling their businesses when they are ready to retire.

Small Businesses 67

Small Businesses Brokerages Credit Unions 67

Abrigo

JUNE 10, 2019

According to the Consumer Financial Protection Bureau in their February 2019 publication Suspicious Activity Reports on Elder Financial Exploitation: Issues and Trends , SAR filings on EFE quadrupled from 2013 to 2017, totaling 63,500 in 2017 for a total of $1.7 billion reported by financial institutions.

Credit Unions 60

Credit Unions Transactions 60

Fundera

JANUARY 24, 2017

In 2015, 40% of surveyed business owners used a bank loan to finance their business (with either a large bank loan, a community bank loan, or a credit union loan). million people , or the equivalent of 48% of the private workplace in 2013. Of the 27% of business owners who could not access capital ….

Small Businesses 111

Small Businesses Credit Unions 111

Abrigo

APRIL 1, 2015

Blog Bank Credit Union' Their article also highlighted eight considerations bank directors can use to help evaluate their risk oversight. One important consideration is the use of a formal risk appetite statement or document.

Credit Unions 60

Credit Unions 60

Abrigo

FEBRUARY 10, 2016

Small firms accounted for nearly two-thirds of the net new jobs created between 1993 and mid-2013, and they provide nearly half of private-sector employment. Through its cooperative data model, Sageworks collects and aggregates financial statements for private companies from accounting firms, banks and credit unions.

Small Businesses 60

Small Businesses Accounting Firms Credit Unions Credit and Collections 60

Fundera

MAY 6, 2016

Between the middle of 2009 and the middle of 2013, 60% of the jobs created were from small businesses. in 2013, according to the SBA’s Office of Advocacy—while S-corporations paid double that (31.6%). In the first three fiscal quarters of 2014, reports the SBA, small businesses added 1.4 How often do small businesses fail?

Small Businesses 75

Small Businesses Credit Scoring Credit Unions Insurance Companies 75

Abrigo

FEBRUARY 16, 2016

According to the Urban Institute’s “ Nonprofit Sector in Brief 2015 ,” the number of nonprofits registered with the Internal Revenue Service increased by about 3,000 a year between 2003 and 2013. economy in 2013, or roughly 5 percent of GDP. Revenues increased 3 percent to $2.26 trillion; assets rose 5.2 percent to $5.17 percent to $2.10

Credit Unions 60

Credit Unions 60

Abrigo

NOVEMBER 2, 2016

Using data from quarterly Call Reports going back to 2013, analysts compared the performance of “energy-sensitive banks” with that of similar banks that aren’t located in energy-dependent regions.

Default 94

Default Credit Risk Credit Unions 94

Fundera

DECEMBER 13, 2018

Bevan bought his first 10 acres in Napa Valley’s Sonoma County in 2004, but it wasn’t until 2013 that he got his first 100-point Robert Parker score f or his 2011 Cabernet Sauvignon. Between 2004 and 2013, the vintner lifestyle didn’t always taste so good. You can also expect an appraisal of your vineyard.

Credit Scoring 85

Credit Scoring Credit Unions Small Businesses 85

Fundera

SEPTEMBER 19, 2018

This marks a reversal from the position that the OCC had taken back in 2013, discouraging banks from offering these types of loans. The new guidance is expected to lead to a rise in business for banks like Wells Fargo and for credit unions that offer deposit advance products (DAPs).

Credit Unions 40

Credit Unions Small Businesses Deductions 40

Fundera

OCTOBER 21, 2019

Bevan bought his first 10 acres in Napa Valley’s Sonoma County in 2004, but it wasn’t until 2013 that he got his first 100-point Robert Parker score f or his 2011 Cabernet Sauvignon. Between 2004 and 2013, the vintner lifestyle didn’t always taste so good. You can also expect an appraisal of your vineyard.

Credit Scoring 85

Credit Scoring Credit Unions Small Businesses 85

Fundera

AUGUST 19, 2018

Bevan bought his first 10 acres in Napa Valley’s Sonoma County in 2004, but it wasn’t until 2013 that he got his first 100-point Robert Parker score , the numeric wine rating system, for his 2011 Cabernet Sauvignon. Between 2004 and 2013, the vintner lifestyle didn’t always taste so good.

Credit Scoring 76

Credit Scoring Credit Unions Small Businesses 76

Abrigo

JULY 9, 2015

According to the report , the financial performance of federally-chartered banks was slightly lower in 2014 compared to 2013 as a result of lower profitability. For example, net income declined 4 percent year over year. Interestingly, 2014 net income actually matched the pre-recession high set in 2006 – but on $2 trillion more in assets.

Credit Risk 60

Credit Risk Credit Unions 60

RMAi Blog

NOVEMBER 13, 2024

House of Representatives, and in 2013, into the U.S. National Credit Adjusters, LLC Velo Law Office BRONZE D & A Services, LLC Equabli, Inc First Financial Portfolio Services, LLC dba FFAM360 Capital Slovin & Associates Superlative RM Tromberg, Morris & Partners, PLLC BRASS AAA Lenders Inc AACANet, Inc.

Credit and Collections 130

Credit and Collections Debt Collections Law Firms Credit Reporting Agencies 130