September 7, 2018     

Earnings Review
Of Deposit Betas, the Yield Curve and Mortgages

Bank analyst Nancy Bush seems to feel pretty good about second quarter banking earnings based on an article she shared this week through Banks Street Partners. In a preview of the type of analysis we’ll hear covering Georgia bank performance at our upcoming President/CEO conference, she wrote of the entire industry, "So—liftoff or a flame-out on the launch pad? It is true that the banking industry is facing some possibly significant challenges—continuing flattening of the yield curve, the as-yet-unknown impact of tariffs on the American economy, and the general atmosphere of chaos in Washington—but as of yet there is no reason to believe that these issues will soon dent a solid outlook for bank earnings." Bush noted improved returns, asset quality strength and efficiency improvements among the highlights of the quarter. Read the article here.
Related: Hear Bush speak at a joint session of the the GBA President/CEO, Bank Counsel and Bank Accountant conferences Sept. 30-Oct. 2 at the Ritz-Carlton Reynolds, Lake Oconee.
(L-R) Bo Brannen, Jon Seagraves and Joe Brannen
Richmond Hill Rotary Hosts GBA for Banking Update
Our public advocacy for banking was on the road this week in Richmond Hill. The overall good performance of the state's banks, a look at the Bryan County banking market evolution, technology and regulatory changes were among the topics GBA President and CEO Joe Brannen covered in his talk to the Richmond Hill Rotary Club. He was the guest of Leadership GBA Executive Committee Member Jon Seagraves, South State Bank. More about Brannen's presentation here. If you are interested in having a GBA representative speak at an upcoming event, please contact David Oliver, 404.420.2026.
HMDA Exemptions Clarified with Interpretive Rule
The CFPB Friday issued an interpretive rule clarifying key changes to HMDA reporting covered by the S. 2155 regulatory reform bill enacted this year. Bankers that attended a GBA seminar this week got the timely scoop on this rule as well as other real-estate compliance updates. The CFPB rule issued Friday specifies the 26 data points subject to exemption from reporting and 22 covered by partial exemptions for banks that don’t have high mortgage loan volume. S. 2155 provides banks with partial exemptions from reporting certain HMDA data points for closed-end mortgage loans if the institution originated fewer than 500 closed-end mortgage loans in each of the two preceding calendar years, and for open-end lines of credit if the institution originated fewer than 500 open-end lines of credit in each of the two preceding calendar years. Read the rule here, and see updated CFPB HMDA resources here
How Making a Difference Makes a Difference in Attracting & Retaining Younger Talent
A number of banks recognized as great workplaces are doing unique things to bring in and keep young banking talent. An article in this week’s American Banker outlines how banks that highlight their community and customer care efforts are seen as great places to work. A recent hire at a bank in New Hampshire said Facebook and Instagram posts from the bank about community involvement made the bank the only place she applied for a job after she graduated from college in 2016, the article says. More about the article here…
Related: A panel of Georgia Southern students will share their insights on how they define a great workplace during the GBA/Georgia Southern Southeast Community Bank Symposium Nov. 1 in Statesboro. Detailed agenda coming soon. Register here.
Retirement Account Rules Draw Executive Order for Review
Late last week President Trump signed an executive order that directs the Treasury and Labor departments to consider big changes for retirement accounts. The order specifies consideration of an increase in the age at which distributions to participants must be made as well as updates to retirement plan disclosures. The GBA Retirement Services team will monitor the efforts closely. Under the direction of Mandy Richards, GBA Retirement Services provides 60 banks of all sizes with 401(k), pension and profit sharing plans to help bankers be financially stable during their life after their banking careers. If you are not part of the GBARS family, contact Richards, 404.420.2025, or Danielle Driggers, 404.420.2002, to find out how your bank and bankers can benefit.
Welcome our Newest Team Member, Keri Brooks
The GBA Insurance Trust team continues to grow! Please help us give a warm welcome Keri Brooks. She recently accepted a position as Project Manager for GBA Insurance Trust. She will primarily oversee contract management and compliance with governmental requirements for plan communications. She reports to GBAIT’s general counsel, Edie Lindsay. Brooks earned her Bachelor of Science degree in political science and government from the University of North Georgia, and she graduated from the University of Georgia Law School in 2015, where was vice president of Women Law Students and was selected as a Dean’s Ambassador. Read more about Brooks here…
GBA’s Advocacy Team Recognized
State legislators and government relations professionals have recognized GBA as being among the top business and trade associations in the James Magazine annual Top Lobbyists issue. GBA’s Elizabeth Chandler is listed individually as being among the top overall lobbyists, and she and Joe Brannen were early inductees into the magazine’s Lobbyist Hall of Fame. "Elizabeth, Joe and Steve Bridges are consistently recognized among the best in the business, and GBA’s members are fortunate we have such a credible, effective team," said GBA Chairman John Hall, president and CEO, American Pride Bank, Macon. See the magazine here.
Ad Highlights Georgia Banking’s Impact
GBA targeted an advocacy message to legislators and government relations pros in the September/October issue of James Magazine. The ad details the numbers proving how our state’s banks provide jobs, consumer choice, convenience and access, financial strength and hometown leadership. We also detailed how GBA has a 125-year history of being a credible, reliable resource for elected officials about the banking industry. See the full ad here.
Telling Consumer Trends on Digital and In-Branch Service
A very high number of consumers are satisfied with their bank’s digital offerings, and those who visit branches want one person there to be able to take care of all their needs, at the initial point of contact. Those are two findings from a consumer survey from GBA Associate Member CSI. Some 86 percent are happy with their bank’s digital offerings, and 85 percent want that one person at the branch to cover all their needs. Read more here…
Act Today!
Hotel Cutoff for Joint Executive Conferences is Monday

Our joint conferences for bank Presidents/CEOs, Bank Counsel Section members and Bank Accountants Sept. 30-Oct.2 is drawing strong registration. The last day to get the special GBA rate at the Ritz-Carlton Reynolds, Lake Oconee, is Monday, Sept. 10. Rooms may sell out, so make your reservations ASAP. Here’s how…
Important: After Monday, all reservations will be subject to prevailing rate and space availability. And don’t forget to register for the conferences, either. Here are direct links to the specific conference details with agendas and registration access: President/CEO registration, Bank Counsel registration, and Bank Accountant registration.
With questions about the conference, please contact GBA's Kathy Friestad, 404.420.2024.
Comp. & Benefits Survey Results
Survey Reports Flying out to Participants - Get Yours Now

Almost all of the banks that provided data for the 2018 GBA Compensation and Benefits Survey have bought their copies, so it’s proving to be a popular resource. Get your copy now. Even if you didn’t participate in the survey, it’s a big value to be able to measure your bank’s comp. & benefits program against your peers. It’s a must-have for budgeting and staffing decisions. And, Associate Members with HR-related businesses may find it useful, as well. To order a copy of the results, please contact GBA's David Oliver, 404.420.2036. The price for the survey results is $400 for those that did not participate by submitting salary and non-salary information, and it costs $150 for those who provided data.
Conference Countdown for Compliance, Finance and Credit Groups
The fall conference calendar is in full gear starting this month. Make note of and register for the following:
Compliance Conference Sept. 12-14 in Peachtree City - You can still register for the conference which is at at a new venue in Peachtree City. It offers three days of in-depth regulatory updates and training. Get CRCM credits for attending.
Financial Risk Management Conference Nov. 7-8 in Atlanta - For CFOs and finance teams, this program includes two free pre-sessions, an economic update and sessions on liquidity, CECL, deposit pricing, payments and more. Get CLE credits for attending.
Credit Conference Dec. 13-14 in Atlanta - For credit and lending officers, this program includes a free conference pre-session about housing, a leadership talk, an economic update, an industry-development panel, a session about recruiting and retaining talent. More details coming soon.
With questions about any of these conferences, please contact GBA's Alison Moreau by email or at 404.420.2034.
Sept. 19 Webinar
Does Your Community or Niche Need a De Novo Bank?

With an improved economy and an industry that has experienced tremendous consolidation in the past decade, it's no secret that there is renewed interest in forming new banks in the Peach State. Presented by GBA in partnership with Troutman Sanders and Porter Keadle Moore, the De Novo Bank Accelerator Webinar Series will explore all the steps investors and bank organizers should take and resources available to help accelerate the pace of de novo bank formation in Georgia. The first webinar in the series, Does my Community or Niche Need a De Novo Bank?, will be Sept. 19 at 10:30 a.m. In this webinar, GBA's Joe Brannen and David Oliver will join Porter Keadle Moore's Tim Keadle and Troutman Sanders' James Stevens for a discussion of recent trends and history of de novo formation in Georgia, the convenience and needs statutory factor and a basic outline for preparing a business plan. See the full webinar schedule here. Registration is $195 for the series or $35 each for individual webinars. Click here for more information and to register. With questions, please contact GBA’s Shan Haugabrook, 404.420.2020.
September GBA-U Seminars in Macon
  • Last call! Sept. 13: IRA Advanced Update and Review Workshop - This seminar will provide the latest information on the Tax Cuts and Jobs Act of 2017 as well as a deeper review of the more technical areas of IRAs. This program content will be presented at the intermediate-to-advanced level. Presenter: Patrice Konarik, Sunwest Training Corp.
  • Sept. 18: Internal Audit - This seminar will cover auditing the lending function and mortgage banking functions as well as recent trends in financial institution fraud. Presenters: Mike Thomas and Matt Davis, Crowe, LLP
  • Sept. 26: Loan Documentation - This seminar will cover the prevention of loan losses through implementation of proper loan structuring and documentation techniques. Presenter: Mike Allen, State Bank & Trust Company
Registration is $250 per person ($275 per person within one week of the seminar date). With questions, please contact GBA's Jenna Lynn Warner, 404.420.2035.
Appraisal Management Solutions
Dart Appraisal has been focused on one thing since 1993: providing custom appraisal management solutions. Period. That singular focus has resulted in a highly experienced, national appraiser panel that consistently delivers timely quality results. They also understand that appraisal management is not one-size-fits-all. As part of their commitment to meeting each partner's specific needs, they customize solutions and create dedicated teams to continually improve their service every step of the way. That's why their partners stay with them, and why we believe they're a great choice to be your new business partner. Let Dart Appraisal get your appraisal management process on target. Download their brochure to learn more about Dart, or click the link below to get in touch with an account executive.
SNL Banker Discounts Now Available for GBA Members
SNL Banker from S&P Global Market Intelligence is an intuitive, powerful and affordable business intelligence application that seamlessly integrates data from your core, general ledger (GL) and other internal systems and centralizes it into an easy-to-use data warehouse. Bankers gain instant access to daily performance metrics and insights to inform your decision-making. With tools from SNL Banker, you can turn raw data into actionable intelligence for:
  • Risk Management: new insights into customers, product, and employee activity
  • Profitability: clarity on your most profitable products and customers
  • Automation: reduce manual collection and upload of data into Excel
  • Historical Analysis: store daily to yearly core data
  • Compliance: bank-wide consistency meeting regulatory needs.
With any questions about SNL Banker, please contact Jason Routson, 678.528.8041.
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 Katina Prokos at 404.420.2021.
Click the image to learn more
GBA Community Connections
We want to share all the good work GBA member banks, bankers, Associate Members and Bank Counsel Section members do to support their communities. Read all about the Community Connections our banks and members have below. Share your Community Connections by sending a brief paragraph and any photos of activities you have to us and we'll publish them at our earliest opportunity. Send information to Katina Prokos and David Oliver, or if your company would like to sponsor this content, let us know. Here's our latest installment...
Synovus Bank
Morris Bank
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 Katina Prokos.