Articles

ProBank Austin Advisor

July 22, 2019 - 1 min read

Economic data continues to be reported reflecting a solid condition in the U.S. The Fed has abandoned the position of being data dependent and is caving to political and financial pressures to change monetary policy. The data being released does not support lowering managed interest rates. Retail sales for June, the last month of the…

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FASB Proposes New CECL Implementation Timeline

July 19, 2019 - 2 min read

During its meeting on July 17, 2019, the Financial Accounting Standards Board voted to issue various proposals that could delay the CECL implementation date for most community banks and credit unions. The FASB’s two-pronged proposal collapses the segmentation of entity types from three to two and extends the implementation date for all entities other than larger…

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ProBank Austin Advisor

July 15, 2019 - 1 min read

The last chance to guide markets to no change was last week and the Fed passed. Fed Chairman Powell provided his semi-annual report to Congress on the condition of the U.S. economy and the outlook for monetary policy. The entire two days of testimony can be summed up by one word: uncertainty. He used this…

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ProBank Austin Advisor

July 8, 2019 - 1 min read

Now what does the Fed do after a much stronger jobs report for June? The Fed finds itself with a real dilemma. Wall Street is expecting and even demanding a cut in managed rates at the next FOMC meeting at the end of July. The fear is the U.S. economy is slowing due to the…

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Community Bankers Graduate from Compliance Officer Boot Camp Hosted by Community Bankers Association of Georgia

July 3, 2019 - 3 min read

BRASELTON, June 21, 2019– The Community Bankers Association of Georgia (CBA) hosted the inaugural Compliance Officer Boot Camp, held June 18-21, 2019 at the Chateau Elan Winery & Resort in Braselton, GA.  Eighteen community bankers from across the state graduated with a certificate of completion and continuing professional education (CPE) credits. The Compliance Officer Boot…

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ProBank Austin Advisor

July 1, 2019 - 1 min read

The divergence in economic data is driving the bond and stock markets. The divergence in capital markets mirrors the divergence in economic data. Consumer confidence was down from above 130 on the Conference Board’s index in May and remained at the low level of 121.5 in June. At the same time, personal spending and incomes…

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Life of Loan Calculations Critical to CECL: Essential Concepts in CECL Preparation

June 25, 2019 - 4 min read

Financial institutions continue to prepare for the transition to accounting standard ASU 2016-13, commonly known as CECL.  The new accounting standard requires institutions to recognize the full life of loan expected credit loss at the time of origination. As implementation dates creep closer, most are busy gathering data, building models or selecting 3rd party partners, and…

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Loan Pricing Model Target Return on Equity (ROE) Calibration

June 24, 2019 - 4 min read

Jun 2019 by Andy Morgan Essential Concepts in Pricing Loans Imagine this scenario. You’ve purchased loan pricing software.  Your team is excited to implement the model to help drive commercial relationship profitability. You install the model, login for the first time, and then the questions start popping up.  Where did these assumptions come from? Why don’t…

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ProBank Austin’s Jessie Earns American Bankers Association’s CRCM Designation

June 24, 2019 - 3 min read

LOUISVILLE, KENTUCKY, June 2019  ProBank Austin is pleased to announce that Dennis Jessie, Senior Consultant, has earned the American Bankers Association’s Certified Regulatory Compliance Manager (CRCM) designation. The Certified Regulatory Compliance Manager (CRCM) designation is awarded to those whom have completed the approved training programs and demonstrate proven knowledge in regulatory requirements, detection, prevention, and…

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