Shows
The Banker Next DoorBND: Strategy Room 2-1-2025The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.
2025-02-021h 38The Banker Next DoorEpisode 307: A look at CFPB report on flood insuranceThis episode examines a CFPB report on flood insurance disparities. Is there a significant difference in the likelihood that homeowners with a mortgage are adequately insured against flooding based on location, income, and assets? A link to the report is included below.
Link: Flood Risk and the U.S. Mortgage Market | Consumer Financial Protection Bureau
2025-01-2713 minThe Banker Next DoorBND: Strategy Room 1-25-2025The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.
2025-01-261h 36The Banker Next DoorEpisode 306: What is a better way to raise liquidity, IPO or OTC?This episode examines a recent blog post from Independent Banker magazine titled “Growth Goals: Navigating IPOs and OTC Trading.” If your community bank is looking to raise capital, what is the better strategy an initial public offering or over-the-counter trading of stocks? This article sought to weigh the pros and cons of both strategies. A link to the article is included below.
Link: Growth Goals: Navigating IPOs and OTC Trading
2025-01-2416 minThe Banker Next DoorEpisode 305: A look at the CFPB report on the use of 'Buy Now, Pay Later'This episode examines the CFPB report on Consumer Use of Buy Now, Pay Later and other unsecured debt. How is ‘Buy Now, Pay Later’ (BNPL) being used by consumers? What is the delinquency profile? How does usage differ by age groups? Are consumers with high credit card debt more likely to utilize BNPL? A link to the report is included below.
Link: Consumer Use of Buy Now, Pay Later and Other Unsecured Debt
2025-01-2314 minThe Banker Next DoorEpisode 304: A look at the FDIC 2024 small business lending surveyThis episode examines the FDIC 2024 Small Business Lending Survey and a recent blog post from PCBB titled “Building stronger bonds in small business lending.” What are some of the key trends around small business lending? What role is technology playing? Are approval times improving? Are community banks retaining their edge? Links to the FDIC report and the PCBB blog post are included below.
Link: FDIC Small Business Lending Survey 2024
Link: Building Stronger Bonds in Small Business Lending
2025-01-2214 minThe Banker Next DoorEpisode 303: A look at the FDIC Q3 2024 banking profileThis episode examines the FDIC third-quarter 2024 banking profile and a recent blog post from PCBB titled “FDIC Q3 data: Good times for small banks, but will they last?” How is the banking industry performing? How are community banks performing? How is the Deposit Insurance Fund (DIF) performing? Links to the FDIC report and the PCBB blog post are included below.
Link: FDIC Quarterly Banking Profile - Third Quarter 2024
Link: FDIC Q3 Data: Good Times for Small Banks, but Will They Last?
2025-01-2112 minThe Banker Next DoorEpisode 301: ICBA's plan for the new congressThis episode examines ICBA’s plan for the new congress and administration. ICBA’s new plan titled “Repair, Reform, and Thrive: ICBA’s plan for powering local economies” addresses key policy challenges facing community banks. The new plan offers a regulatory and legislative agenda to fix broken regulations harming communities and offer ways to fuel the future of community banking. A link to the website is included below.
Link: Repair, Reform, and Thrive - ICBA's Plan for Powering Local Economies
2025-01-2011 minThe Banker Next DoorBND: Strategy Room 1-18-2025The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.
2025-01-191h 42The Banker Next DoorEpisode 302: Crypto industry update (Crypto Series Part XIV)This episode provides an update on the crypto industry by examining several articles in The Wall Street Journal (subscription required) titled “Behind Bitcoin’s rally is a simple fact: Supplies are limited” and “Crypto industry hopes Trump can finally get them bank accounts”. In addition, we provide some industry related news to give a full picture of what is happening in the crypto world.
2025-01-1714 minThe Banker Next DoorEpisode 300: Update on international bankingThis episode examines five recent articles in S&P Global Market Intelligence (subscription required) that focus on current banking situations in Canada, Mexico, France, Japan, and China. These countries are all facing a myriad of problems that include tariffs, real estate, and economic issues.
2025-01-1514 minThe Banker Next DoorEpisode 299: How to make cybersecurity part of your bank's cultureThis episode examines five recent blog posts from PCBB that cover cybersecurity. We primarily look at how to make cybersecurity part of a bank’s culture. Additionally, we cover the topics of Bluetooth security, website domain attacks, and ransomware. Links to the blog posts are included below.
Link: Five Tips for Making Cybersecurity Part of Company Culture
Link: How To Deal with the Ever-Increasing Cybercrime Threat
Link: Protecting Your Website Domain from Common Cyberattacks
Link: The Importance of Bluetooth Security
Link: Protecting Your Institution as Ransomware Ramps Up
2025-01-1411 minThe Banker Next DoorEpisode 298: 1033 rule aka Open Banking update!This episode provides an update on the 1033 rule also known as Open Banking. There have been major updates in just the past few weeks. ICBA released their Open Banking Guide, PCBB reported on the evolving open banking data standards, and the CFPB provided updated guidance. What does all this mean for financial institutions and consumers? What are the dangers and potential consequences of Open Banking? Links to related articles, blog posts, and the Open Banking guide are included below.
Link: The Evolution of Open Banking Data Standards
Link: API Security Helps Keep Your Data Safe
2025-01-1328 minThe Banker Next DoorBND: Strategy Room 1-11-2025The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.
2025-01-121h 33The Banker Next DoorEpisode 297: Lessons from Warren BuffettThis episode examines a recent article in The Wall Street Journal (subscription required) titled “What you can learn from young Warren Buffett.” The article covers a new book coming out centered on Warren Buffett’s early investments called “Buffett’s early investments.” The book is written by Brett Gardner. The book focuses on 10 investments Warren made as he was building his investment portfolio. The author takes into consideration Warren’s methods, practices, and analysis for how he ultimately made his investments.
2025-01-1013 minThe Banker Next DoorEpisode 296: Effective use of Enterprise Risk ManagementThis episode examines a two-part series from Bank Director titled “Enterprise risk management is about managing risk, not avoiding it.” The articles focus on Enterprise Risk Management or ERM and how banks can make better use of this system when managing risk. The first part focuses on what is ERM and how can you create an effective ERM system in your bank. The second part focuses on what it means to identify, measure, monitor, and control risk. Managing risk is one of THE most important aspects to the success of any bank or financial institution. A link to both arti...
2025-01-0914 minThe Banker Next DoorEpisode 295: Recap of top 6 bank compliance issues of 2024This episode examines a recent ICBA blog post titled “The year in compliance: 6 notable updates for community banks.” The blog post covers the following 6 compliance topics: 1) Beneficial ownership information, 2) CFPB’s guidance on ‘phantom’ opt-in overdraft agreements, 3) FDIC’s proposed rule for FBO accounts in bank-fintech partnerships, 4) CISA’s additional cyber incident reporting rules, 5) Increased check fraud scrutiny for megabanks, and 6) CRA and Section 1071 final rules. These compliance issues will continue to play out throughout 2025. A link to the blog posts is included below.
Link: The Year in Compliance: 6 Notable Updates for Community Banks
2025-01-0812 minThe Banker Next DoorEpisode 294: Labor market going into 2025This episode examines six articles to get a picture of what the labor market looks like going into 2025. Some of the topics covered include younger US workers struggle for jobs as entry-level posts disappear, US labor market resilience weakening as joblessness worsens, managers are hiring but workers are still getting ghosted, and the death of middle management. In addition, we look at the 10 hottest jobs heading into 2025. The labor market is not as strong as the headlines would indicate. 2025 is looking like it might be a lukewarm hiring market.
2025-01-0713 minThe Banker Next DoorEpisode 293: Update on Credit UnionsThis episode examines multiple articles and blog posts to provide an update on credit union activity. Credit Unions set a record with 21 acquisitions of community banks in 2024. This trend is expected to continue in 2025. Credit Unions are using a subordinated debt rule to raise large amounts of money from Wall Street to carry out these transactions, which could be considered a conflict of interest. Furthermore, there is growing consensus among the public and in political circles that credit unions’ advantages in tax exemption and regulation need to be reexamined.
2025-01-0618 minThe Banker Next DoorBND: Strategy Room 1-4-2025The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.
2025-01-051h 41The Banker Next DoorEpisode 292: Ending the conservatorship for Fannie and FreddieThis episode focuses on a recent blog post from ICBA that discusses ending the conservatorship for Fannie Mae and Freddie Mac. The blog post is titled “As new administration comes to Washington, Ending the Fannie Mae and Freddie Mac conservatorship is urgent.” This has been a major topic of discussion in banking circles since 2008. Its time has come. The conservatorship of Fannie and Freddie needs to end. A link to the blog post is included below. In addition, for more background, a link to podcast episode 231: How did Fannie Mae and Freddie Mac end up in conservatorship Is also incl...
2025-01-0313 minThe Banker Next DoorEpisode 291: Regulatory war on fintech Part 1This episode examines the first two articles in a four-part series from Bank Director. The articles are titled “The regulatory war on fintech” and “Regulators take a more hands-on approach to bank-fintech relationships.” These two articles focus on the regulatory reaction to the Synapse Financial Technologies failure. How are banks currently managing third-party relationships, particularly with fintech companies? Should banks be doing more to manage these vendors? What comes out of this can have major ramifications for rule making, brokered deposits, custodial account record keeping, and how these third-party relationships are managed. A link to both articles is included below. ...
2025-01-0219 minThe Banker Next DoorBND: Strategy Room New Year's Day SpecialNew Year's Day live stream. We are going to recap 2024 and take a look at what is to come in 2025.
2025-01-0159 minThe Banker Next DoorEpisode 290: Top Predictions for Banks in 2025This episode examines a recent blog post from PCBB titled “PCBB’s President’s Top Predictions for CFIs in 2025.” Regulatory changes, M&A, and small business lending are just a few of the trends for banks in 2025. A link to the blog post is included below.
Link: PCBB’s President’s Top Predictions for CFIs in 2025
2024-12-2715 minThe Banker Next DoorEpisode 289: A look at PCBB's 2024 year in reviewThis episode examines three recent blog posts from PCBB titled “2024 in review – Market Challenges, Regulation, Digital Banking, Technology and Cybersecurity.” We look back at some of the things that made 2024 a unique year in banking. Links to all three blog posts are included below.
Link: 2024 in Review: Part 1 of 3 — Market Challenges
Link: 2024 in Review: Part 2 of 3 — Regulations & Digital Banking
Link: 2024 in Review: Part 3 of 3 — Technology & Cybersecurity
2024-12-2615 minThe Banker Next DoorBND Christmas Special 2024This is a Christmas Special. Joy to the world and Merry Christmas to all.
2024-12-2509 minThe Banker Next DoorEpisode 288: Identifying and rejecting false financial conceptsThis episode reviews a chapter from Jim Sammons Financial Freedom Seminar called Identify and reject false financial concepts. We review 16 false financial concepts and discuss why you should reject them. We then discuss 5 factors controlling wealth and how each of these factors trace to God. Finally, we compare man’s ways to financial success versus God’s ways to financial success.
2024-12-2413 minThe Banker Next DoorEpisode 287: Book Review: The Wealthy GardenerThis episode reviews the book The Wealthy Gardener by John Soforic. This is an excellent book that offers real life practical advice on managing money and building wealth throughout the course of one’s life. The book is broken down into lessons, which can be read like a daily devotional. Chapter 6 offers the 15 virtues of wealth. Chapter 8 concludes with the 12 ways to troubleshoot money problems. If you are looking for a book to teach yourself or your kids practical life lessons about money, this is a great one.
2024-12-2313 minThe Banker Next DoorBND: Strategy Room 12-21-2024The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.
2024-12-221h 35The Banker Next DoorEpisode 286: How can banks better manage liquidity?This episode examines a recent article in Bank Director titled “Navigating the new liquidity landscape.” Banks continue to struggle with a shifting funding landscape. First a surge in deposits, then a rapid increase in interest rates, followed by bank failures and a regulatory response, and finally a shift in deposit mix. Banks have been navigating a field of rapid changes on the funding side of the balance sheet. In this environment, what can banks do to better manage funding and maintain strong net interest margins? A link to the article is included below.
Link: Navigating the New Liqu...
2024-12-2012 minThe Banker Next DoorEpisode 285: How can banks maximize their branch network?This episode examines a recent article in Bank Director titled “How banks can capitalize on their branch networks.” How can banks maximize the investment and growth opportunities of their branch network? A link to the article is included below.
Link: How Banks Can Capitalize on Their Branch Networks | Bank Director
2024-12-1911 minThe Banker Next DoorEpisode 284: Government payments are the fastest growing source of income!This episode examines a recent article in The Epoch Times (subscription required) titled “Government payments become fastest growing source of income: Report.” A new report from the Economic Innovation Group (EIG) states that Americans have become increasingly more dependent on government support. Older Americans are receiving more of these payments and yet public finances are under strain. Some of the issues include an aging and shrinking population. What can be done to create a more balanced solution?
2024-12-1814 minThe Banker Next DoorEpisode 283: Should we give up checks?This episode examines a recent article in The Wall Street Journal (subscription required) titled “We can’t give up paper checks, and that’s a gold mine for scammers.” Check fraud continues unabated. Scammers are taking full advantage of the continued widespread use of checks. Should consumers and businesses stop using checks as a payment method? If so, what will replace them?
2024-12-1714 minThe Banker Next DoorEpisode 282: Do people still use safe deposit boxes?This episode examines a recent article in The Wall Street Journal (subscription required) titled “No one can find safe-deposit boxes anymore.” Have banks stopped providing safe-deposit boxes? Are consumers no longer utilizing safe-deposit boxes? Is this a good or a bad thing? Is there an opportunity for other providers to pick up this business?
2024-12-1613 minThe Banker Next DoorBND: Strategy Room 12-14-2024The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.
2024-12-151h 19The Banker Next DoorEpisode 281: Is Fair Isaac's competitive advantage in trouble?This episode examines a recent article in The Wall Street Journal (subscription required) titled “Invest in banking like Warren Buffett: Own a castle.” This article focuses on companies that diversify product lines by supplying or analyzing financial data. Fair Isaac is examined. They have recently raised their prices and their competitive advantage could be in question.
2024-12-1311 minThe Banker Next DoorEpisode 280: The Trump effect on crypto! (Crypto Series Part XIII)This episode examines a recent article from The Wall Street Journal (subscription required) titled “Trump crypto craze sent bitcoin miners surging, but watch out.” The article considers the re-election of President Donald Trump and the affect this has had on the crypto industry, in particular crypto mining companies. Is investing in crypto mining companies the best way to invest in crypto? What are the risks?
2024-12-1213 minThe Banker Next DoorEpisode 279: Student borrowers have problems!This episode examines two recent reports from the Consumer Financial Protection Bureau (CFPB) related to student borrowers. The reports are titled “Annual report of the CFPB student loan ombudsman” and “CFPB survey reveals impacts of student loan debt relief and repayment challenges.” These reports highlight the problems with student loan servicing and the ongoing challenges that student borrowers face repaying the debt. Links to both reports are included below.
Link: CFPB Controlled Report
Link: Insights from 2023-2024 Student Loan Borrower Survey
2024-12-1114 minThe Banker Next DoorEpisode 278: R.I.P. Bernard Marcus (Co-Founder of Home Depot)This episode examines a recent article from The Wall Street Journal (subscription required) titled “Bernard Marcus, Co-Founder of Home Depot, dies at 95.” This article looks at Bernard’s life and his success with Home Depot. The rise of Home Depot changed the real estate industry. More homeowners became Do It Yourself (DIY), more people got into investing in real estate or flipping properties, and contractors found it easier to get all the tools, supplies, and materials they needed in one place. Bernard was a true example of the American entrepreneurial spirit.
2024-12-1011 minThe Banker Next DoorEpisode 277: Is AI risk keeping board members up at night?This episode examines a recent article from The Wall Street Journal (subscription required) titled “Why AI risks are keeping board members up at night.” Many board members in corporate America are trying to get their hands around artificial intelligence. What benefits can it bring? What pitfalls can it create? What does it mean for their employees? AI has the potential to radically change many business models. How board members adapt or don’t adapt to this change will determine a lot.
2024-12-0911 minThe Banker Next DoorBND: Strategy Room 12-7-2024The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.
2024-12-081h 39The Banker Next DoorBND: Strategy Room 11-30-2024The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.
2024-12-011h 34The Banker Next DoorEpisode 276: Big Picture 2025!This episode examines six articles from S&P Global (subscription required) that cover big picture topics for 2025. The topics include commodities, capital markets, supply chain, M&A, commercial real estate, and generative AI. 2025 could be quite an interesting year!
2024-11-2717 minThe Banker Next DoorEpisode 275: How much is your bank really worth?This episode examines a recent blog post from PCBB titled “How much is your CFI really worth?” Recent sales data implies there is a disconnect between buyers and sellers in terms of price. The M&A market has been weak for the last two years with many potential buyers sitting on the sidelines. What factors determine a bank’s value? A link to the blog post is included below.
Link: How Much Is Your CFI Really Worth?
2024-11-2613 minThe Banker Next DoorEpisode 274: Interview with Jason Lange from Chatham FinancialEpisode 274: Interview with Jason Lange from Chatham Financial
This episode is an interview with Jason Lange from Chatham Financial. Jason is on Chatham’s financial institutions team, helping clients install, grow, and optimize balance sheet hedging and customer hedging programs. Jason has been with Chatham for 16 years and is a veteran of the armed forces serving as a U.S. Army Aviation Officer. Jason and I discuss different strategies for banks to manage their balance sheets in a decreasing interest rate environment. Links to Chatham’s website, Jason’s profile, and links to two previous interviews with Bob Ne...
2024-11-2523 minThe Banker Next DoorBND: Strategy Room 11-23-2024The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.
2024-11-241h 24The Banker Next DoorEpisode 273: Special Report: Federal Home Loan Banks under fire!This episode is a special report as the Federal Home Loan Banking System (FHLB) is under fire from the Federal Housing Finance Agency (FHFA). The FHFA is seeking to radically change the FHLB system by pushing a dramatic increase in affordable housing, climate change, and DEI politics. The episode examines multiple papers and reports to explain the chain of events that have led to this moment. The episode also reviews the history of the FHLB, their members, and why the FHLB should be left alone. Links to the reports are included below.
Link: Federal Home Loan Banks a...
2024-11-2229 minThe Banker Next DoorEpisode 272: New SBA Covid EIDL Servicing Center (CESC) and MySBA Loan PortalThis episode looks at recent announcements from the SBA on the creation of a new Covid EIDL Servicing Center (CESC) and a new website called MySBA Loan Portal. If you need help with an SBA EIDL loan you can contact the CESC by phone (833-853-5638) or by email at covidEIDLservicing@sba.gov. Borrowers can register through the MySBA Loan Portal enrollment page at https://lending.sba.gov/
2024-11-2110 minThe Banker Next DoorEpisode 271: Liquidation pressures led to Republic First Bank failure!This episode examines a recent report from the FDIC Office of the Inspector General on what caused the failure at Republic First Bank earlier this year. The main reasons stated for the failure include unrealized losses in the bank’s bond portfolio, the inability to utilize secondary credit sources, several failed capital raises, and a dysfunctional board of directors. The main take away is that having unrealized losses in your investment portfolio is a very risky situation for a bank to find itself in. One misstep can lead to a catastrophe. A link to the report is included below.
...
2024-11-2020 minThe Banker Next DoorEpisode 270: How are U.S. unbanked households doing?This episode examines a recent report by the FDIC on unbanked and underbanked households in the U.S. The report shows positive trends as the number of unbanked households in the U.S. continues to decline. The report also displays some very interesting data including the usage of mobile banking, the use of various payment channels, and for the first time, the use of buy now pay later. A link to the report is included below.
Link: 2023 FDIC National Survey of Unbanked and Underbanked Households | FDIC
2024-11-1920 minThe Banker Next DoorEpisode 269: Yellen continues market manipulation!This episode examines a recent article from the Epoch Times (subscription required) titled “US Treasury plans to borrower $1.37 Trillion over next 6 months.” As the shell game of moving around debt to finance the governments out of control spending continues, the Treasury is losing control of interest rates. Janet Yellen has been manipulating Treasury auctions for over a year and is going to leave a colossal mess for the next Treasury Secretary. This episode follows the events covered in episode 207: U.S. Treasury is manipulating interest rates. A link to episode 207 and a link to the article are included below.
2024-11-1820 minThe Banker Next DoorBND: Strategy Room 11-16-2024The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.
2024-11-171h 32The Banker Next DoorEpisode 268: Tether in trouble and bank crypto update (Crypto Series Part XII)This episode examines several articles from The Wall Street Journal and S&P Global concerning recent troubles with Tether, Provident Bancorp, and Customers Bancorp. Federal investigators are probing whether Tether has possible violations of anti-money laundering and sanctions rules. We also update on previously reported situations with Provident and Customers Bancorp. A link to The Wall Street Journal article is included below.
Link: Exclusive | Federal Investigators Probe Cryptocurrency Firm Tether - WSJ
2024-11-1519 minThe Banker Next DoorEpisode 267: What is your capital plan?This episode examines a recent article from Bank Director titled “Always have a plan in place for raising capital.” This article asks the question, what is your bank’s plan for either selling stock or issuing debt to raise capital? Having adequate capital on hand is critical for banks for several reasons. First, you need a certain amount of capital for regulatory compliance. Second, you need capital to protect against potential credit losses. Third, you need capital for future growth. Fourth, you need capital to take advantage of potential M&A opportunities as they arise. Will your bank be able t...
2024-11-1415 minThe Banker Next DoorEpisode 266: A De Novo success, the story of Pinnacle Financial PartnersThis episode examines a recent article from Bank Director titled “Exclusive: An interview with Pinnacle Financial Partners’ CEO and Chairman.” This article is an interview with the CEO and Chairman of Pinnacle Financial Partners which tells their story from start up bank to a successful $50 billion dollar asset financial institution. What does it take to start a bank from scratch and make it successful? A link to the article is included below.
Link: Exclusive: An Interview With Pinnacle Financial Partners’ CEO and Chairman | Bank Director
2024-11-1320 minThe Banker Next DoorEpisode 265: Lesson time: Let's see how quickly a good loan can go bad!This episode examines a recent article from The Business Journals titled “Wells Fargo’s former Market Street office building is crippled. Can it survive and adapt?” This article poses a great example of how quickly good loans can go bad. If you are a lender or work in the credit or risk departments of a bank, it is critical to understand that your loans may not be as strong as you think. A link to the article is included below.
Link: Wells Fargo's departure cripples 401 Market St. - Philadelphia Business Journal
2024-11-1217 minThe Banker Next DoorEpisode 264: What is going on with colleges?This episode examines several recent articles from The Business Journals and The Wall Street Journal on what is happening with colleges in the U.S. Colleges are seeing a decline in enrollment that could threaten their business model. However, colleges in the southeastern part of the U.S. are seeing a surge in enrollment, especially from students coming from the northeastern part of the country. With colleges becoming increasingly politicized, the amount of student loan debt outstanding, and many young people questioning the value of a college degree, how long can this go on before colleges have to make...
2024-11-1122 minThe Banker Next DoorBND: Strategy Room 11-8-2024The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.
2024-11-091h 30The Banker Next DoorEpisode 263: What is Extend-and-Pretend?This episode examines a recent report from the Federal Reserve Bank of New York titled “Extend-and-Pretend in the U.S. CRE Market.” This report was published in October 2024. The report shows that banks “extended-and-pretended” CRE mortgages in the post-pandemic period to avoid write offs against their capital and this led to credit misallocation and a buildup of financial fragility. A link to the report is included below.
Link: Extend-and-Pretend in the U.S. CRE Market - FEDERAL RESERVE BANK of NEW YORK
2024-11-0714 minThe Banker Next DoorEpisode 262: The fintech-bank partnership is on the rocks! What can banks do?This episode examines three recent articles from Bank Director covering different aspects of the bank-fintech relationship. What should banks be concerned about with a fintech partnership? How can a bank dissolve a problematic partnership? Finally, how can banks get these relationships right? With the bank-fintech relationship under intense regulatory scrutiny and perhaps the future of banking hanging in the balance, this is a critical topic for the banking industry. Links to all three articles are provided below.
Link: Digital Transformation Challenge for Smaller Banks: Getting Fintech Partnerships Right | Bank Director
Link: A Cautionary Tale for...
2024-11-0618 minThe Banker Next DoorEpisode 261: How is CSBS feeling about the banking industry?This episode examines the annual 2024 Conference of State Bank Supervisors (CSBS) Survey of Community Banks. The survey highlights the views of 367 banks across 38 states. The banks included in the survey are all under $10 billion in asset size. Some of the topics covered include cybersecurity, regulatory burden, high technology costs, and the cost of funds. A link to the report is included below.
Link: CSBS Survey Highlights Top Risks and Challenges
Link: FINAL2024CSBSSurvey.pdf
2024-11-0520 minThe Banker Next DoorEpisode 260: How worried are banks about interest rate risk?This episode examines the OCC’s semiannual Interest Rate Risk Statistics Report for fall 2024. Interest rate risk is one of the largest risks that banks of all sizes face. Fluctuation in interest rates can have massive implications for bank balance sheets and future earnings. This report includes a review of bank reported IRR data that includes exposures, risk limits, and non-maturity deposit assumptions. The data is also broken down based on bank asset sizes. A link to the report is included below.
Link: Interest Rate Risk Statistics Report | OCC
2024-11-0419 minThe Banker Next DoorEpisode 259: Will real-time payments lead to faster fraud?This episode examines a recent article from ICBA titled “Can Faster Payments Lead to Faster Fraud?” As real-time payments are implemented, one of the side effects is that fraud can also be perpetrated faster. What can community banks do to combat this issue? A link to the article is included below.
Link: Can Faster Payments Lead to Faster Fraud?
2024-11-0317 minThe Banker Next DoorBND: Strategy Rooom - Crypto Series SpecialThis is a special Strategy Room episode as part of the ongoing Crypto Series. This special will cover various aspects of the crypto debate. We will look at an article from ICBA, several reports from the Bank of International Settlements (BIS) and Financial Stability Board (FSB), and PEW research. Topics include what is the impact of tokenization, cross-boarder crypto regulatory and supervisor challenges, are stablecoins safe havens during crypto market stress, what kind of regulation should be around stablecoins, current crypto scams, and ultimately what do American’s think about crypto?
2024-11-031h 32The Banker Next DoorBND: Strategy Room 11-1-2024The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.
2024-11-021h 33The Banker Next DoorEpisode 258: How is CECL performing?This episode examines a recent PCBB blog post titled “How has CECL adoption affected credit loss allowance levels?” The Current Expected Credit Loss or CECL methodology has been implemented by all banks for managing their Allowance of Credit Losses (ACL). How is this relatively new methodology performing compared to how banks historically managed loan loss reserves or loan loss provisions? What are the differences between small and large banks? A link to the blog post is included below.
Link: How Has CECL Adoption Affected Credit Loss Allowance Levels?
2024-10-3116 minThe Banker Next DoorEpisode 257: How was loan demand and business activity in 3Q 2024?This episode examines the Federal Reserve Bank of New York’s Business Leaders Survey for October 2024. We also examine an article from S&P Global (subscription required) titled “Q3 bank reports to show weak loan growth and modest deposit improvement.” Business activity remained steady in the Northeast section of the U.S. for the third quarter of 2024. Loan demand remained weak in the third quarter of 2024. A link to the FRBNY Business Leaders Survey is provided below.
Link: Business Leaders Survey
2024-10-3017 minThe Banker Next DoorEpisode 256: Crypto fraud is growing! (Crypto Series Part XI)This episode examines a recent blog post from PCBB titled “Crypto Fraud is growing rapidly.” The blog posts looks at the different types of crypto fraud including investment scams, call center fraud, romance, and cryptocurrency kiosks. Who are the likeliest targets by age, state, and country. Finally, the blog post offers six tips on how to avoid getting scammed. A link to the blog post is included below.
Link: Crypto Fraud Is Growing Rapidly
2024-10-2918 minThe Banker Next DoorEpisode 255: ICBA Advocacy in Action update for 4Q 2024This episode examines the Independent Community Bankers Association (ICBA) Advocacy in Action update for the 4th quarter of 2024. What are the main regulatory issues the banking industry is currently facing? How could the proposed legislation affect consumers and businesses? A link to the PDF document is provided below.
Link: top-issues-2024.pdf
2024-10-2820 minThe Banker Next DoorEpisode 254: Update on banking industry ratios and interest rate riskThis episode examines several articles from Bank Director and S&P Global to provide an update on U.S. banking industry ratios, which include efficiency ratio, net interest margin, ROAA, ROAE, and interest rate risk. We try to get an idea of how the industry is performing overall and what headwinds could be on the horizon. The S&P Global article requires a subscription. A link is provided below for the Bank Director article.
Link: Banking: an Industry (Partially) at Risk | Bank Director
2024-10-2823 minThe Banker Next DoorBND: Strategy Room 10-25-2024The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.
2024-10-261h 24The Banker Next DoorEpisode 253: Social Security Benefits received COLA adjustment, was it enough?This episode examines several articles from Investopedia, which address the recent cost of living adjustment (COLA) to social security benefits. Was the adjustment enough for retirees? In addition, we look at the Social Security Administration website and an example of the Social Security online statement. Links to both Investopedia articles, the Social Security Administration website, and the online statement and provided below.
Link: Social Security Benefits Were Adjusted This Week. One Expert Said It May Not Be Enough
Link: Social Security's 2.5% Boost: What Enrollees Need to Know Now
Link: Your Social Security Statement
2024-10-2417 minThe Banker Next DoorEpisode 252: Review of ICBA's check fraud detection guideThis episode examines the Independent Community Bankers Association (ICBA) new check fraud detection guide. The guide provides solutions available to community banks for detecting instances of check fraud. The guide covers technology solutions, such as software and federal government systems, and operational mechanisms, such as check cashing limits and new account reviews. A link to the guide is provided below.
Link: Check Fraud: A Practical Guide to Altered, Forged, and Counterfeit Checks for Community Bankers
2024-10-2312 minThe Banker Next DoorEpisode 251: The rise of Private Credit!This episode examines the rise of Private Credit. Private Credit has become big business on Wall Street, and they are now looking to offload this risk onto retail investors. What is Private Credit? How did it start? Why is wall street trying to offload these loans through ETF, Mutual Funds, and Bond transactions? Can they do that? This all seems eerily familiar, like we saw this movie in 2007-2009. Anyone remember the movie the Big Short? Links to several articles are included below.
Link: Wall Street Races to Bring Private Credit to the Masses - WSJ
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2024-10-2229 minThe Banker Next DoorEpisode 250: OpenAI wants to become a for-profit organization, how does that work?This episode examines the case of OpenAI as it wants to change from a nonprofit company into a for profit company. OpenAI started as a nonprofit organization in 2015 that wanted to responsibly develop AI as an open-source platform. That all changed in 2019 when the company formed a for profit arm that developed ChatGPT. OpenAI is now valued at $156 billion. It also just completed a $6.6 billion fundraising round. It has two years to turn itself into a for profit company. There remain many legal and ethical hurdles in transforming this company. Links to several articles are included below.
L...
2024-10-2120 minThe Banker Next DoorEpisode 249: What is going on with data-centers?This episode examines the current debate raging over data centers. This topic is at the crossroads of commercial real estate, big tech, AI, environmental issues, and energy requirements. Data-centers have become big business as big tech needs a massive amount of data to drive the development of AI. These data-centers have gotten massive and require a lot of electricity and water. While there is push back against building data-centers in certain areas, big tech is getting creative in signing deals with energy companies to reopen nuclear power plants and build new ones. Links to multiple articles are included below.
2024-10-2027 minThe Banker Next DoorBND: Strategy Room 10-18-2024The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.
2024-10-191h 27The Banker Next DoorEpisode 248: Is a CRE concentration a bad thing?This episode examines an article from Bank Director titled “Capitalizing on disruption: California’s entrepreneurial Five Star Bancorp.” We ask the question is a concentration in commercial real estate (CRE) a bad thing? Five Star Bancorp has a niche in financing manufactured housing. This niche makes up 86% of their loan portfolio and resulted in a value of 682% of its risk-based capital, which is way above the regulatory guidance of 300%. However, the bank’s performance is phenomenal! They have been able to show investors, regulators, and customers that this niche is a strategic advantage, not a major concern. A link to the a...
2024-10-1716 minThe Banker Next DoorEpisode 247: M&A update for 3Q 2024 and bank merger reviewThis episode examines several articles from S&P Global (subscription required). First, we go through an update on 3Q 2024 M&A activity. How are bank deals trending? What is the aggregate deal value looking like? How does the current market compare to the last four years? Second, we look at a recently announced merger between ACNB and Traditions Bancorp in Pennsylvania. We look at the merger process as the deal goes from letter of intent to competitive bid, to initial offer, through further negotiations, and then reaches culmination. In addition, we consider the third parties involved in the transaction...
2024-10-1621 minThe Banker Next DoorEpisode 246: Should you be concerned about your bank board's performance?This episode examines an article from Bank Director titled “Addressing poor performance in the boardroom.” What should your bank do if you have a board member that is not performing? What tools are available? Should your bank consider performance evaluations, age limits, and term limits? What is the impact of having the same person hold the role of CEO and Chairman on the board? To have a high performing bank, you need a high performing board. A link to the article is included below.
Link: Addressing Poor Performance in the Boardroom | Bank Director
2024-10-1520 minThe Banker Next DoorEpisode 245: What does a successful core conversion look like?This episode examines an article from ICBA titled “Helpful tips for streamlining the core conversion process.” What should you know about the ins and outs of going through a core conversion? The article goes through five critical stages. 1) make the decision to convert, 2) calculate conversion costs, 3) have the right internal conversations, 4) evaluate providers, and 5) listen to peers. A core conversion is one of the toughest and most difficult things any banker can go through in their career. A link to the article is included below.
Link: Helpful Tips for Streamlining the Core Conversion Process (independentbanker.org)
2024-10-1417 minThe Banker Next DoorEpisode 244: Fed pivot could spur more bond restructuring!This episode examines a recent S&P Global article (subscription required) titled “Fed’s pivot to lower rates could spur more bond restructuring.” The topic of unrealized losses in bank bond portfolios has been a big issue since the banking crisis in early 2023. Now that the Fed has embarked on a rate reduction cycle, what impact will this have on banks’ existing investment portfolio?
2024-10-1320 minThe Banker Next DoorBND: Strategy Room 10-12-2024The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.
2024-10-131h 31The Banker Next DoorEpisode 243: Review of FDIC 2024 Small Business Lending SurveyThis episode examines the FDIC 2024 Small Business Lending Survey. We go through the report and cover the key findings. Do small businesses still prefer banks? What impact is technology having? Do customers still value relationships? These are just a couple of the topics covered in the key findings. A link to the report is included below.
Link: FDIC Small Business Lending Survey 2024
2024-10-1021 minThe Banker Next DoorEpisode 242: Let's talk about Treasury Services!This episode looks at an article from Bank Director titled “the growing demand for Treasury Services in the financial sector: Economic drivers and implications for deposit growth.” Treasury Services provide a number of key products and functions for banks’ business customers. Having these products and services can be the difference between winning and losses business customers. Treasury Services can be a key part of your deposit gathering strategy. A link to the article is included below.
Link: The Growing Demand for Treasury Services in the Financial Sector: Economic Drivers and Implications for Deposit Growth | Bank Director
2024-10-0912 minThe Banker Next DoorEpisode 241: Discusion with DelphX CEO, Patrick Wood, on Credit Rating Security (CRS)This episode is an interview with Patrick Wood, who is CEO of DelphX Capital Markets. Patrick and I discussed his company’s specialty in the bond market. He introduces the company’s new product called Credit Rating Security (CRS). This product shields insurance companies from credit rating downgrades while enhancing return potential. Patrick and I also discussed his career, Bernard Baruch, and the movie Margin Call. A link to DelphX Capital Markets website is included below.
Link: Home - Building a better credit market through risk-diffusion (delphx.com)
2024-10-0831 minThe Banker Next DoorEpisode 240: Interview with crisis management expert Stephanie CraigThis episode is an interview with Stephanie Craig, who is President of Kith. Stephanie has built her reputation as a crisis expert by guiding some of the world’s most prominent people and organizations through their most trying moments. Kith is an elite crisis preparation, response and recovery firm focused on one thing: your reputation. Stephanie and I discuss crisis management and things bank management should consider when doing business continuity and disaster recovery planning. A link to Kith’s website is included below.
Link: Kith | Kith’s sole focus is to defend corporate reputations in times of crisi...
2024-10-0726 minThe Banker Next DoorEpisode 239: Learning Agility and navigating a crisis!This episode looks at a recent article in Bank Director titled “How Western Alliance and its board navigated a crisis.” This is a good example of how a bank board of directors can work with their senior management team in a time of major crisis. Furthermore, we examine the concept of ‘learning agility.’ A link to the Bank Director article is included below.
Link: How Western Alliance and Its Board Navigated a Crisis | Bank Director
2024-10-0617 minThe Banker Next DoorEpisode 238: What is up with men not in the work force?This episode examines a recent article in CNBC titled “More men in their prime working years are neither working nor looking for jobs – here’s why.” We also looking at multiple charts from the St. Louis Federal Reserve Fred for unemployment, unemployment (education), and labor force participation for men. Right now, we have a disturbing economic picture of millions of men in their prime working years that are not currently in the labor market. This will become a major problem. A link to the CNBC article is included below.
Link: Why more men are dropping out of the work...
2024-10-0520 minThe Banker Next DoorBND: Strategy Room 10-4-2024The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.
2024-10-051h 18The Banker Next DoorEpisode 237: The 2Q 2024 GDP number was WHAT?This episode reviews a recent article from Zero Hedge titled “Mystery of upward GDP revision solved: You are all $500 billion richer now according to a revised Biden admin spreadsheet.” The article highlights how the 2Q 2024 GDP numbers were “adjusted” for a more positive result. The GDP numbers are being manipulated just like the unemployment numbers. A link to the Zero Hedge article is included below.
Link: Mystery Of Upward GDP Revision Solved: You Are All $500 Billion Richer Now According To A Revised Biden Admin Spreadsheet | ZeroHedge
2024-10-0416 minThe Banker Next DoorEpisode 236: Let's talk about deposit strategy!This episode reviews a recent blog post from PCBB titled “Are deposit costs finally easing?” With interest rates reducing, this blog post offers five strategies banks should be considering for managing their deposits in this challenging environment. Every bank should be thinking about these deposit strategies. A link to the blog post is included below.
Link: Are Deposit Costs Finally Easing? (pcbb.com)
2024-09-2915 minThe Banker Next DoorEpisode 235: Interview with commercial insurance provider Ryan StillwellThis episode is an interview with Ryan Stillwell, owner of Stillwell Risk Partners. Ryan is a commercial insurance provider. Stillwell Risk Partners specializes in providing business and commercial property insurance. The focus of the interview is on commercial real estate coverage. We discuss different property types, what is happening in the marketplace, what you should expect, things you should consider when evaluating different properties, and how you can better cover loss and flood risk. A link to Stillwell Risk Partners website is included below.
Link: Professional Insurance Advisors | Stillwell Risk Partners
2024-09-2824 minThe Banker Next DoorBND: Strategy Room 9-27-2024The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.
2024-09-281h 19The Banker Next DoorEpisode 234: Review of Bank Director's 2024 Technology SurveyThis episode reviews Bank Director’s 2024 Technology Survey. The key findings include delayed projects, fraud concerns, tech budget increases, hiring developers, and board priorities. This is a great survey for understanding how banks are utilizing technology in the industry and what challenges they are currently facing. A link to the Bank Director article and 2024 technology survey are included below.
Link: 2024 Technology Survey: Envisioning Your Bank’s Future | Bank Director
Link: 2024TechReport-OpenVersion-v2.pdf (bankdirector.com)
2024-09-2620 minThe Banker Next DoorEpisode 233: U.S. banks looking to lower CD rates!This episode examines several articles from S&P Global (subscription required) looking at recent growth in bank deposits and banks interest in lowering CD rates as the Fed has moved into an interest rate reduction cycle. Banks would like to quickly reduce CD rates to lower their cost of funds. However, will consumers go along with this?
2024-09-2517 minThe Banker Next DoorEpisode 232: Let's talk about 'buy now, pay later' products!This episode examines a recently published Frequently Asked Questions (FAQ) report from the Consumer Financial Protection Bureau (CFPB) on ‘Buy Now, Pay Later’ products. The FAQ provides a general overview of BNPL and explains ‘Pay-in-Four’ BNPL loans. A link to the FAQ on the CFPB website is included below.
Link: Buy Now, Pay Later Product FAQs | Consumer Financial Protection Bureau (consumerfinance.gov)
2024-09-2413 minThe Banker Next DoorEpisode 231: How did Fannie Mae and Freddie Mac end up in conservatorship?This episode focuses on the history of Fannie Mae and Freddie Mac. How did these organizations start and evolve over the years? What scandals were they involved in before the financial crisis? What was their role during the financial crisis of 2007-2009? What are the arguments for and against privatization? Finally, what is happening now?
Link: Fannie Mae and Freddie Mac: An Overview (investopedia.com)
2024-09-2327 min
Chamber ChatPlease Join Us for this Episode of TriCounty Area Chamber of Commerce's Chamber Chat with Special Guest: Joseph Bergquist, VP of Lending Services -Harleysville BankPlease Join Us for this Episode of TriCounty Area Chamber of Commerce's Chamber Chat with Special Guest: Joseph Bergquist, VP of Lending Services -Harleysville Bank
2021-12-0721 min