January 19, 2018     

Tax-Law Guidance Issued - Time Sensitive
Federal banking agencies Thursday issued guidance related to the new tax law that needs member attention. For example, for Call Report purposes as of Dec. 31, 2017, an institution's deferred tax assets (DTAs) and deferred tax liabilities (DTLs) are to be re-measured at the enacted tax rates expected to apply when these assets and liabilities are expected to be realized or settled. This is a time-sensitive accounting issue for our member banks to be able to close out their 2017 financial statements and file timely Q4-2017 FFIEC Call Reports, which are due to be filed by Jan. 30, 2018. Be sure to connect with your CPA firm promptly to discuss this new regulatory guidance on the impacts of the new tax law. Read the guidance here...
Secure Deposit Program Application Deadline Jan. 31
Banks interested in participating in the Georgia Secure Deposit program beginning April 1 should make plans to get application information to us no later than the end of this month, Jan. 31. The Georgia Secure Deposit Program has 22 banks participating and protects about $11 billion Georgia public deposits, with eight additional banks set to begin participating Feb. 1. The program is another way qualified banks may protect public deposits above FDIC insurance, potentially allowing lower collateral pledging levels for banks. Participants agree to contingent liability provisions to join the other banks in the program in covering losses to depositors not covered by FDIC insurance or collateral in the program, based on their pro rata share of deposits covered by the program. Get in-depth details here...
Welcome Sherry Scruggs to GBA

We sure are excited to tell you about a new team member who joined GBA this week. Sherry Scruggs is our new Public Deposit Collateral Pools Manager, and she started work with us Tuesday. Sherry’s role is to manage the day-to-day operations of the two public deposit collateral programs we administer for the Georgia Office of the State Treasurer - the Georgia Secure Deposit Program and the Georgia State Pledging Pool Program, which are funded by participants. Sherry joins us from the Office of the State Treasurer, where she’s been serving as Senior Manager, Accounting/Finance for the past four years. She's also worked for a Georgia county government finance team and a GBA member bank. Learn more about Scruggs here...

Modest Economic Growth Continues
An improving commercial real estate market, increased manufacturing orders and optimistic holiday sales results highlight the latest Federal Reserve Beige Book summary of economic indicators for the Fed’s Atlanta District. The report cited modest improvement in economic activity overall, with a continued positive outlook. Banking contacts reported credit remained readily available for most qualified borrowers, but some banking contacts reported a diminished ability to raise deposits. Read more here...
Leadership GBA’s BankPAC Sporting Clay Tournament is a “Can’t Miss”
Don’t miss the opportunity to support GBA’s StatePAC and register for Leadership GBA’s BankPAC Sporting Clay Tournament. This new fundraiser is Thursday, Feb. 8, at Old Hudson Plantation, Sparta. Put together a foursome or two of bankers, directors, community leaders or even customers to share a round of clays and talk about important banking issues. Registration is $150 per person, $500 per four-man team or $700 for a team and stand sponsorship (a $150 savings). Check our detailed information about the tournament and registration information here. With questions, contact GBA’s Susie McGehee at 404.420.2010.
CFPB to Ask for Significant Public Comment
We’ll be sharpening our pencils in coming weeks and hope you will, too, in looking for opportunities to comment on whether the CFPB is doing its job well. The bureau this week announced it soon will be issuing a series of Requests for Information (RFIs) seeking comment on enforcement, supervision, rulemaking, market monitoring, and education activities. “In this New Year, and under new leadership, it is natural for the Bureau to critically examine its policies and practices to ensure they align with the Bureau’s statutory mandate. Moving forward, the Bureau will consistently seek out constructive feedback and welcome ideas for improvement,” said Bureau Acting Director Mick Mulvaney. We’ll keep you posted about these as they’re released.
How to Locate Training Tailored to Your Job
GBA has hundreds of programs each year with learning opportunities for any job at a bank. We try to make it easy for you to find the right program for your specific job by posting a number of topical calendars based on the most common categories of banker skills. Our topical calendars are: Asset/Liability; Conferences; Compliance; Front Line; Human Resources; Lending; Management; Marketing; Ops/Tech; Retail Banking; Security; Seminars; Trust. You can access the calendars in a couple ways. They’re always at the bottom of the right column on our weekly E-Bulletin and there’s a link from the GBA-U Education dropdown menu on the GBA home page.
GBA 125 Facts
Evolving Association, Evolving Staff
During this 125th anniversary year, we’ve been highlighting historical milestone events, pioneering leaders and the ever-changing services our members offer your customers. A group of people have worked behind the scenes throughout our 125 years to ensure the day-to-day functions of the association itself carries on - the staff. As with most start up associations, the early years were coordinated by a dedicated group of volunteers and from 1892-1912, a Macon banker, Llewelyn Hilyer served in the staff role while maintaining his full time job in what would now be called the operations area of his bank. In 1913, the archives show that the activities had grown such that someone was needed who could devote more time to the association, but the bankers felt the work could be done on a part time basis. They turned to someone they knew and trusted, Haynes McFadden, who was covering the goings on in the industry through his publication, the Southern Banker. More GBA history and photos of every GBA executive here...
Register Now for GBA Bank Security Conference
Sessions at the 2018 conference will include an introduction of the new BankSafe Program, a collaboration of the Georgia Dept. of Human Services, AARP, and the GBA; the SafeCatch approach to deterring robberies, with SafeCatch creator FBI Special Agent Larry Carr; identification theft; victim advocacy; a panel discussion of new bank security technologies and the security challenges they present; peer group discussions; and an interactive workshop on essential security officer information. Click here to get all the details, register online, or to reserve your hotel room.
How to Help Protect Seniors
GBA is a strong supporter of all efforts to prevent older Georgians from financial exploitation. We encourage bankers to sign up for the 2018 Safe Banking for Seniors Program from the ABA Foundation. This program focuses on public awareness and education, with free, pre-prepared presentations, presenter guides, activity plans and resource sheets. It’s a plug-and-play way to inform your customers and do some good community outreach. Registration just started Jan. 8 for the 2018 campaign. Register here. Also, coming soon is a unique bank training program called BankSafe that we’re partnering with the Georgia Department of Human Services and AARP on as a pilot state.
GBA-U Seminars
Valuable Training Awaits at Upcoming GBA-U Seminars

Whether you are looking for the latest regulatory information or the tools to help you take the next step in your career, GBA-U’s lineup of timely and informative seminars is designed to benefit career bankers at any level or area of the bank. See below for upcoming GBA-U seminars:
  • On Jan. 30, Mike Allen, State Bank & Trust, will address how to analyze personal tax returns and commercial financial statements at the Analyzing Financial Statements seminar. Click here to register...
  • On Feb. 6, Steve Moore, Bank Compliance Services, will provide an in-depth look at Fair Lending, including a detailed description of “side-by-side loan file analysis,” common loan practices with potential fair lending effects and other components of an effective program. Click here to register…
  • On Feb. 7, Patrice Konarik, Sunwest Training Corp., will provide the new IRA banker and supervisor with an understanding of all areas of the IRA account, as well as the newly enacted regulations, during the IRA Basics seminar. Click here to register...
  • On Feb. 21, Kris Trainor and Michael Gordon, Mauldin & Jenkins, will provide practical techniques to improve your bank’s overall Call Reporting process, including a detailed line-by-line review with helpful tips for reporting individual items and a review of the proposed and finalized changes for 2018. Click here to register…
Registration is $225 per person ($250 per person within one week of the seminar date). With questions, please contact GBA's Katina Prokos, 404.420.2021.
Coastal-Area Brownfield Learning Opportunity
Bankers in Georgia’s coastal area may be interested in attending “Brownfields in Brunswick,” a 101-level lunch event Jan. 25 at the Brunswick and Glynn County Development Authority. Sponsored by the Brunswick and Glynn County Development Authority, Georgia Power and Honeywell, the event will highlight important details of working with brownfields in Georgia, including opportunities for redevelopment including tax incentives, mitigating risks, and other key information to help organizations understand the nuances of, and opportunities with, brownfields. There’s no cost to attend. Click here for details. Advance registration is requested at www.GeorgiaBrownfield.org....
Busch Gardens VP of Human Resources to Speak about Leadership at HR Conference

Are you a manager or are you a leader? At the HR Professionals Institute, Sonya Parham-Shannon, VP of Human Resources at Busch Gardens and Adventure Island, will tackle that question. Sonya will discuss how we can become better leaders by surrounding ourselves with the right people, making positive contributions to our team and to our company, expanding our knowledge and focusing on what we can do to provide employees the tools they need to be successful. Click here for complete details, to register online, or to see hotel info. The $435 registration fee includes the administration, analysis, and discussion of the Path Elements Profile.


Favorite Expert Trent Fleming Returns to 2018 Op/Tech Conference

GBA’s Operations and Technology Committee is excited to welcome Trent Fleming, Trent Fleming Consulting, back as a speaker at this year’s Operations and Technology Conference. Trent’s presentations consistently get the highest marks from his audiences. Op/Tech Conference attendees will get a double dose of Fleming’s expertise again this year, with a pre-conference session titled Strategic IT Insights and a “regular” conference session titled Managing Your Core Vendor Relationships. If you are your bank’s technology officer, IT manager, ISO, or involved in deposit operations, business development or even compliance, don’t miss this conference March 6-8 at the Atlanta Marriott Northwest. Click here to register or to see the detailed agenda and hotel information.

Talk to GBA School Board Members for First-Hand Information about 2018 Schools
As we delve into the new year with resolutions and a fresh outlook, it’s the perfect time to capitalize on two of the best professional development opportunities that GBA has to offer its bankers: Georgia Banking School or GBA Basic Compliance School. We challenge you to seriously explore these opportunities, and we’re here to make sure you have all the information you need to make this decision. Board members of both schools are happy to talk to you and/or your prospective student about the curriculum, student prerequisites, time commitment, benefits, or to answer any questions you might have. GBA School Board members are...
Did You Know We Offer…
Two Business Banking & Commercial Lending Certificates
  • Certificate in Business and Commercial Lending focuses on financial statement analysis and commercial lending, will familiarize lenders with both audited and unaudited statements, and fill any gaps in your understanding of credit analysis and underwriting. Pre and post-tests allow seasoned lenders to test out, and more importantly, let the industry know you are "credit trained" and ready to bring in new, qualified business.

  • Small Business Banker Certificate helps branch managers build their skills in relationship-centric sales approaches. Learn to engage customers to better understand their needs and offer appropriate solutions, handle objections, plan and execute an ideal sales call, and manage relationships post sale. Small business bankers will also learn a strategic approach to building trusted relationships with business customers as a means to retain and grow their book of business.
Online Classes Build a Strong Foundation in the Basics
These ABA online classes are coming up in February. Facilitated online courses feature an online learning community with fellow students, instructor guidance and feedback. These courses have weekly assignments as well as midterm and final exams. Any employee of a GBA member company can participate at the member rate. Your bank does not have to be an ABA member. All you need is a computer, printer and Internet access. More about online classes here...
Fill a Job, Find a Job with the GBA Job Bank
The GBA Job Bank is among the most popular and valuable benefits we provide to member banks and bankers. The Positions Available and Bankers Available sections on our website consistently are among the most visited pages. Best of all, the service costs nothing for member banks and bankers. To make the process of posting a job or resume easier and to answer any questions you may have, we've developed this Q & A document as a resource. It outlines how to submit open positions and resumes, our deadlines and timelines for posting, and other helpful details. If you have any questions, please contact GBA's Bo Brannen at 404.420.2014.
Citizens National Bank of Quitman
Read All About It: Send Us Your News
Please remember to include the Georgia Bankers Association on the list of recipients for announcements about promotions, new employees and special recognition your bank has received. We want to share your news with your colleagues across the state. Please forward your announcements and photos to GBA's David Oliver and Bogan Brannen