Sageworks is now Abrigo.
Sageworks, Banker's Toolbox, and MainStreet Technologies are now Abrigo - giving you a single resource for your enterprise risk management needs. As a customer of Sageworks, you will continue to get the support you've always had, as well as access to new capabilities and expertise.
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  • Why good employees leave and what your bank can do about it

    Today, the financial industry’s talent crisis is a hot topic as community financial institutions around the world struggle to retain and attain employees, pushing them to ask, “How long are our tenured employees sticking around?” While employee turnover is a normal part of any functioning business, a Deloitte study states…
  • Managing the bank with a forward view

    Dealing with the day-to-day challenges of operating a community bank can keep top management “in the weeds” of lending or credit operations. This can leave little to no time for surveying the entire “field” of the portfolio, its risks and its impact on the institution’s financial results. It’s the same…
  • 6 realities for banks about lending to small businesses

    By Eric Baxley, Chief Marketing Officer, Sageworks Since my last post, I’ve continued to meet with our banks and credit union clients across the country, and some common themes surfaced in the conversations. Most notably, the institutions recognized that change was overdue for their business lending programs. 1. Bank management…
  • Customer road trip: 6 Lessons learned about small business lending

    By Eric Baxley, Chief Marketing Officer, Sageworks I visited 20 customers (banks and credit unions) across the U.S. in the past few months and have learned six things that are common to almost all of them. They want to: 1. Grow their loans, focusing on small business lending with a…
  • Pessimists about bank M&A cite pricing, capital constraints

    Two out of every three bank executives and directors surveyed recently believe their bank needs to grow significantly in order to compete in today’s market, but how will they do that? Clearly, many banks expect to grow through acquisitions. Fifty-one percent of bankers and board members surveyed in the 2016…
  • Non-performing ag loans increase, says lender survey

    Agricultural lenders are reporting increases in non-performing farms loans and decreased farmland values, according to the latest Agricultural Lender Survey conducted by the Kansas State University Department of Agricultural Economics. Lenders reported that over the past three months, total farm dollar volume rose and is expected to increase in the…
  • Top priorities for bankers in 2014

    In recent years, financial institutions have been bogged down with new regulations, causing countless resources to be shifted away from key areas such as business development and customer experience. According to KPMG’s 2013 Banking Industry Survey, effort required and the cost of complying with new laws and increased oversight was…
  • Are you focusing more on risk management than your actual job function?

    According to the ABA Banking Journal, risk assessment is a trending topic and could grow out of hand if it detracts from other bank priorities. Risk assessments can be a lengthy, complex and ongoing process, which makes it difficult to discern when you should focus on managing risk and when…
  • How community banks can build positive relationships with examiners

    For community banks, making the transition to stress testing on a regular basis can be viewed as a challenge. The phrase alone brings to mind examinations, which, at the very least, can be anxiety-inducing for even the most organized of bankers and their institutions, particularly at the community bank level.…
  • Why is the quick ratio important?

    There are numerous qualitative measures that can indicate expected financial performance when evaluating credit risk in new and existing business relationships. However, it’s important to consider the key metrics that accompany the 5 Cs of Credit. In addition to the debt service coverage ratio and net profit margin, it is…
  • Why is net profit margin important?

    There are numerous qualitative measures that can indicate expected financial performance when evaluating credit risk in new and existing business relationships. However, it’s important to consider the key metrics that accompany the 5 Cs of Credit. In addition to the Debt Service Coverage Ratio, it is important to measure and…
  • What is the debt service coverage ratio?

    Recent regulatory changes and comments from regulators suggest increased oversight for financial institutions and decreased tolerance of credit risks tied to new and existing business relationships. There are numerous qualitative measures, like past experience with the borrower, which can indicate expected financial performance. However, it’s important to consider and measure…
  • 7 Ways to effectively manage your institution's capital adequacy

    As recent history has shown, it's important to keep capital adequacy ratios above the thresholds set by examiners. As stated in the agency's statement on stress testing, "The OCC expects every bank, regardless of size or risk profile, to have an effective internal process to (1) assess its capital adequacy…
  • Should community banks fear consolidation?

    Even amidst Community Banking Month, many of the nation’s smaller banks have rising fears that they will eventually succumb to their larger, nationwide counterparts. But the FDIC feels these fears are “overstated,” according to their recent study.  To gauge the validity of the FDIC’s unconcern with community bankers’ worries, American…
  • Evaluating technological service providers for community bankers

    This week the FDIC re-issued three documents containing information on technological outsourcing for community bankers. The documents were originally issued in 2001 and were included in a Financial Institution Letter (FIL) to FDIC-supervised institutions with less than $1 billion in total assets. The topics covered in these documents are:  1.…
  • Top 10 challenges facing community bankers

    Today’s regulatory environment continues to be the most pressing issue to community bankers, according to a recent poll conducted by the CB Journal. The ten most important challenges to community bankers, according to the CB Journal’s poll, are: 1. Regulatory Climate 2. Interest Rate Environment 3. Loan Growth 4. The…
  • Lending pace reaches pre-recession levels

    Banks are lending at a pace dangerously close to that of pre-recession 2007, according to Bloomberg’s Sridhar Natarajan. So why, after all the warning signs from the Federal Reserve, are banks taking on more risk? The answer: a record $10 trillion in cash deposits in U.S. banks. Even with loan…
  • Party time at the branch

    By Banking.com Everyone in our industry acknowledges banks need to be different, and we’ve explored numerous initiatives on Banking.com, from video transactions to teller pods and community rooms.  But how about serving up a cocktail with your account statement? That’s one way to look at St. Petersburg, Fla.-based C1 Bank’s…
  • Does your familiarity with spreadsheets make you complacent?

    Did you know that over 80 percent of bankers polled reported using spreadsheets for the credit analysis of their loan portfolios? More often than not these individuals are utilizing spreadsheets simply because it’s what they’re most familiar with. In fact, no longer is using spreadsheets an advantage in the professional workplace;…
  • Is your bank ready for its next exam?

    Have you ever taken weeks off from administering loans before exams so that your staff can simply compile all the documentation you need? In order to keep business running smoothly, and continuing to grow, make sure you take the following nine steps to ensure you're ready when the examiners come…
  • Grow your own business bankers

    By Jeff Marsico, The Kafafian Group Commercial loan growth is difficult to come by these days. Some is a result of anemic economic growth and an uncertain business climate. These factors are beyond a banker's control. But what is within your control is the number and quality of business bankers…