For community banks that are competing with online-only banks, large financial institutions and competition right down the road, factors affecting overall loan portfolio growth such as localized rate competition and balancing portfolio risk across loan concentrations are significant. However, as the Federal Reserve has raised interest rates, consumer pressure to…...
Community bankers establish close relationships with many of their borrowers and in fact, it is these relationships that many community banks tout as one way they are superior to their larger rivals. When it comes to small business customers, however, community banks have untapped opportunities to deepen relationships beyond the…...
Interactive industry discussions, networking among peers and best practices for maximizing value from Sageworks solutions were some of the benefits to attendees of the Sageworks User Groups in 2018. Sageworks hosted seven User Groups throughout the year and will soon be unveiling the locations and dates for five 2019 User…...
Across the country, community banks are facing an increasingly relevant problem: Large banks are winning the battle for deposits. From 2013 to 2017, total deposits fell at banks with $1 billion or less in assets by 7.5 percent as total deposits at banks with $1 billion more in assets increased…...
Economic forecasting is a major facet and discussion point of the quickly approaching current expected credit loss (CECL) model. Financial institutions will not only have to report incurred losses on their books, but they will also need to project their loss estimates over the entire life of the loan at…...
Financial institutions, small and large, touch numerous data sources every day, which can present problems when each data source speaks a different language, preventing different systems – or even departments – from obtaining the same data. Exacerbating this problem of inconsistent data, many community banks and credit unions are still…...
There’s no shortage of information available on banking best practices, but these articles tend to leave banks and credit unions wondering what exactly accountholders’ expectations are and what specific processes can be improved to meet them. One clear trend may serve as a guiding light for financial institutions hoping to…...
Financial institutions across the U.S. are grappling with the many changes that will be required to implement the current expected credit loss, or CECL, model. With the extensive amount of time, resources and staff required to successfully transition from the incurred loss model, even getting started can be daunting. During…...
Financial institutions can profitably reclaim their small business lending market by using technology to add speed and efficiency to the lending process, Sageworks Vice President of Banking Neill LeCorgne told banking industry leaders during the BAI Beacon Conference in Orlando, Fla., recently. LeCorgne, the former president and director of a…...
Discovering insights from data can be the difference between a defensible loan portfolio and a vulnerable one for financial institutions. Yet, community banks and credit unions that cannot afford dedicated data entry specialists must rely on time-strapped lenders, credit analysts, or loan administrators to complete data entry during loan spreading,…...
