April 26, 2019

Farm Banks in Georgia Posted Strong 2018 Performance

The 40 banks in Georgia that have big ag-related loan portfolios strengthened their service to farm communities in 2018. Those banks increased farm loans by 10.58% overall, boosted agricultural production loans by 18.68% and upped farm real estate lending by 7.87% according to an ABA analysis of farm bank performance. ABA defines farm banks as those whose ratio of domestic farm loans to total domestic loans is greater than or equal to the industry average, which in 2018 was 16.07%. "Overall, Georgia farm banks are exhibiting remarkable health going into 2019," the report said. Employment at Georgia’s farm banks also was up by 2.09%. These 40 banks operate 162 branches and employ 2,194 Georgia residents. Nationally, ABA reported the 1,772 farm banks increased agricultural lending by 5.3%. Get the state-specific details, a map and a list of the banks here.
Related: GBA’s Rural Development and Lending Conference is May 16-17 on St. Simons. Ag Commissioner Gary Black will be with us, as will experts on the economy, regulatory and legal issues, crop insurance and the cotton outlook. Get details and register here.
The GBA group during the 2018 trip

Speak up with Issues for our D.C. Visit

We want to hear from you about questions or issues you’d like us to raise with regulators and the Georgia Congressional delegation during our annual group advocacy visit to Washington, D.C., May 7-9. What’s on your mind related to exams, enforcement, regulatory burden, laws and policies that need adjusting? What are personal and business financial conditions like in your markets for your customers and hometowns? At the GBA Board meeting earlier this month, they focused on the lack of a federal response on disaster aid, ongoing regulatory challenges with BSA/AML, brokered deposits and national rate caps, data privacy, banking cannabis related businesses, leveling the playing field with Farm Credit and Credit Unions and asking the bank regulators to dive more deeply into CECL prior to implementation. Anything else you want us to cover? We’ve got a big group of GBA Board members, Public Affairs Committee, BankPAC Board and the Leadership GBA Executive Committee members planning to attend, and your input can shape our message to them and the questions we ask. We’ve got meetings scheduled with most of our delegation, including Sen. David Perdue, a lunch with Rep. Barry Loudermilk, and briefings with Fed Governor Michelle Bowman, Rebekah Jurata, special assistant to the President on economic policy, the FDIC, OCC, CFPB and SBA. If you haven’t chimed in with issues you want us to be sure and cover, please send a quick note to Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.

First OREO Update in 20 Years Proposed by OCC

National banks and savings associations will want to take a look at a proposal by the OCC out this week to update its regulations on other real estate owned (OREO). The proposal would streamline and clarify a number of items and bring the rules for federal savings associations in alignment with those for national banks. Items addressed include the OREO holding period, disposal methods for OREO and some outdated capital rules related to OREO provisions. Comments are due by June 23. We’re reviewing to determine if a GBA comment is warranted. Please let us know if you have specific concerns. Contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.

GBA Member Profile
Serving the Public Interest and Valuing Each Customer with Brad Brookshire

When Brad Brookshire, coastal market executive of Citizens Bank & Trust Company in Richmond Hill, began in his first job in banking as a credit analyst for Bryan Bank & Trust, he quickly learned how to adapt to a small organization in which daily duties frequently were nothing like the official job description. “I learned that a true community bank is a valuable asset to our small but growing community. Each customer is special, and I was taught that each customer is more than just numbers on a piece of paper,” he said. Brookshire, who has recently opened the Citizens Bank & Trust Company office in Richmond Hill along with associate Jon Seagraves, said they thought their community bank model would work, "but we have been blown away by the reception we have received from the Richmond Hill community. The excitement from our customers has made the long hours and hard work extremely rewarding.” Brookshire shares about his public service as Bryan County Commissioner, favorite TV show and more in this week’s GBA member profile.

Compliance Resource
GBA Guide to Bank Record Retention Now Available
Featuring Bank Record Retention Quick Notes©, 5th Edition, by Carl Pry

GBA is pleased to offer members the newest edition of its Guide to Bank Record Retention, featuring Bank Record Retention Quick Notes©, 5th Edition, by Carl Pry. This guide is intended to support the development of a complete and understandable record retention program at your bank. Record retention policies are required by regulators and important for your customers if their bank records are ever subpoenaed. Additionally, we have included an excerpt from the Georgia Department of Banking & Finance's Final Rulemaking, adopted June 27, 2018, which contains changes to Chapter 80-10-1, Georgia’s state-specific retention requirements. Bank Record Retention Quick Notes© author Carl Pry is well known to GBA members. Pry is an instructor at GBA’s Basic and Advanced Compliance Schools and is a frequent contributor to and currently serves on the Editorial Advisory Board for the ABA Bank Compliance magazine. He is a featured speaker for numerous banking, compliance, and state bar associations and leads training sessions across the country. a Certified Regulatory Compliance Manager and Certified Risk Professional.
We hope that you will find this to be a valuable resource to help your bank. The new guides are priced at $99 + tax, s/h. To place an order, please contact GBA’s Bo Brannen, bbrannen@gabankers.com.

Overtime Regulation Webinar Coming up May 7

Don’t miss the May 7 webinar specifically addressing recent technical changes to federal overtime payment obligations by Steve Greene of GBA Strategic Partner ELC. The session will feature coverage of the proposed overtime exemption regulations, how to assess and implement those changes, and insight concerning the likely timetable for those changes. You’ll get detailed self-audit checklists for your organization to assess exemption status, taking into account the new salary and compensation levels and current interpretations of the various exemption "duties" tests. Click here to sign up for this special session today.

Flood Insurance Update Coming up May 14

There’s a free webinar about private flood insurance May 14 at 11 a.m. EDT, hosted by the bank regulatory agencies. The webinar will cover the rule that takes effect July 1 requiring federally regulated lending institutions to accept private flood insurance policies that meet certain statutory criteria. Register here.

Emergency, Retirement Savings top Financial Concerns for Workers
How GBA Retirement Services Plan Participants Beat National Averages for Retirement Preparation

GBA Retirement Services has a goal of helping all its participants replace 70% their income by the time they reach full social security retirement age. Since implementation of the Managed Account Solution offered under the GBA Master Trust, about 69% of our Trust participants are prepared to replace 70% of their income in retirement. The industry average is only around 30%. That’s important, because many people are not able to focus fully on their retirement because other financial stresses that take away attention from their main goal. Just take a look at the top concerns of participants by generation:
GBA Retirement Services, powered by our trusted Investment Manager and Discretionary Trustee, Unified Trust Company, is able to provide an easy way to keep track of where you are in your retirement readiness so that you can focus on other things. Participants can take, "not being able to retire when I want to," off their checklist of worries and start focusing on debt reduction, emergency funds and other priorities. For more information about GBA Retirement Services, contact Mandy Richards at 404.420.2025 or Danielle Driggers at 404.420.2002.

The Tradition Continues
50-Year Bankers to be Recognized at Annual Meeting

GBA is proud to recognize Georgia bankers who have devoted 50 years or more of service to the industry every year at our Annual Meeting and throughout the year with personal visits when possible. Help us add to the growing list we’re already compiling for recognition at this year’s 2019 Annual Meeting. If you know or are someone who is hitting the milestone this year, please let us know! Please send an email to GBA’s Kathy Friestad with the following information:
  • Banker’s name and current title
  • Bank name
  • His/her years of service and brief work history
  • Photograph of banker nominated and the name of the nominating banker
  • Details about any scheduled recognition events planned by your bank.
This information must be received by Friday, May 17. Please contact Kathy at 404.420.2024 with questions.

It’s not too late to register!
Marketing Peer Group Meets Next Week

Don’t miss your chance to share and learn with GBA’s Marketing Peer Group. Matt McDonald and his team from Everfi will be there and will teach us how to humanize the digital banking experience and include the personal touch with everything we do. This Marketing Peer Group meeting will also include a peer exchange, vendor exchange and a show-and-share session. GBA’s Marketing Peer Group will take place on April 30 at Middle Georgia State University, Macon. Register here. Registration is only $125 per person. Please contact GBA’s Jenna Lynn Warner, 404.420.2035, with questions.

Last chance to register!
Bank Compliance Workshops

Steve Moore of Bank Compliance Services is hosting three days of comprehensive training on compliance basics in deposit, operations and lending compliance through our Bank Compliance Workshops April 29 - May 1 in Macon.
Click the links above to learn more. These seminars are in Macon. Please contact GBA’s Jenna Lynn Warner, 404.420.2035, with questions.
Rhodes McLanahan, President/CEO, First American Bank and Trust Co., at the 2018 conference

2019 President/CEO Conference Registration Open

Registration is now open for GBA’s 2019 President/CEO Conference, Oct. 6-8, The Ritz-Carlton Reynolds, Lake Oconee. This is our premier in-state event for top-level executive education, industry intelligence briefings and peer networking, so don’t miss out. The GBA Bank Counsel and Bank Accountant Conferences will be held concurrently, and registration is open for these conferences also. Bank Counsel and Bank Accountant attendees have exclusive breakout sessions and are invited to attend President/CEO sessions, as well. For members, the registration package includes the Sunday Welcome Reception and Dinner, all educational sessions and materials, Sunday Welcome Reception and Dinner, Monday reception, Monday and Tuesday breakfasts and morning breaks. The Spouse/Guest registration package includes the Sunday Reception and Dinner, Monday Reception and the Monday Spouse Breakfast/Program. A golf outing and a sporting clays event will be Monday afternoon. Register for the conference online here or submit this flyer to Shan Haugabrook, shaugabrook@gabankers.com. GBA’s discounted nightly hotel room rate is $199/night (single/double). To reserve your room, call 800.241.3333 and reference "GA Bankers-Pres CEO." Or, click here to book online using GBA’s custom group reservations link. The GBA room block will expire on Sept. 16. After this date, all reservations will be subject to prevailing rate and space availability, and rooms may sell out before this date. With questions contact GBA’s Kathy Friestad, 404.420.2024.

GBA Strategic Partner BankMarketingCenter.com
At $32 per Month, Digital Signage at Your Branches Has Never Been as Affordable and Easy

Banks of all sizes have been hearing more lately about the benefits of using digital signage to grow loan, deposits and profits. High-quality graphics and videos delivered on-screen, in your branches, will regularly grab your customers’ attention without the recurring costs of printing and mailing marketing material. The digital signage solution from GBA Strategic Partner BankMarketingCenter.com (BMC) allows you to customize your digital content and run it in all, or some, of your branches, in no time. BMC offers digital signage, starting at just $32 per month, plus the cost of hardware. You can subscribe to their digital signage as a standalone solution, or along with their full marketing portal that includes hundreds of templates for ads, brochures, direct mail, posters and more. Click here to see additional BMC Digital Signage benefits.
Related: GBA’s Marketing Peer Group will meet on April 30 at Middle Georgia State University, Macon. Register here, or contact GBA’s Jenna Lynn Warner, 404.420.2035, with questions.

7-Day Spring Sale from BankTalentHQ

Post your job openings for only $199 and help your institution bloom! Click below to take advantage of this limited-time opportunity.

Have You Talked with GBA’s Endorsed In-State Insurance Agents at McEver & Tribble?

With an independent insurance agent, you have choices. Independent agents aren’t tied to any one insurance company. McEver & Tribble is a full-service, property and casualty insurance brokerage firm that has been serving the Southeast for over 40 years and represents over 25 different insurance carriers. McEver & Tribble is proud to be the GBA’s in-state representative for the Bond and D&O Liability Coverage offered through GBA Strategic Partner ABA Insurance Services. The insurance pros at McEver & Tribble are focused on long-term relationships and providing first class customer service. Find out more about McEver & Tribble today by contacting W. Hayward McEver, 404.949.3825.

ABA Online Training Courses - May and June Offerings
11 Ways to Expand Your Knowledge in Banking

Check out these 11 courses that are offered in May and June. These ABA-facilitated online courses feature an online learning community with fellow students, instructor guidance and feedback. Click here for a list of all ABA offerings. For more information, contact Shan Haugabrook, 404.420.2020.

Retail Banking Basics and Management Skills Courses

ABA’s Retail Banking Suites are designed to provide a deeper understanding of the world of financial services, the role that banks play in the economy, maximize employee performance and increased engagement with customers. GBA members get a discounted rate, and you don't have to be an ABA member to register. Suites include:
For more information, contact Shan Haugabrook, 404.420.2020.

Recruit, Retain and Develop the Best Bankers with GBA Career Solutions

GBA Job Bank - GBA will post open positions, free of charge, for GBA members. See the open positions in Georgia here. We will also post professional summaries for bank-job seekers on our Bankers Available page. To make the process easy and answer any questions, we've developed this
Q & A. Please contact Katina Prokos, kprokos@gabankers.com, 404.420.2021.
GBA’s Career Paths for Bankers™ - GBA’s Career Paths for Bankers™ is the most unique, organized and easy-to-use career development resource available for bankers and banks. GBA’s pioneering career development resource is unlike any other in the banking industry. Click here to start mapping your banking career today.
Why do people choose careers in banking? Whatever their talents, interests and educational background, there is a career in banking for them. Here are few good reasons to share with folks you know.
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...
Pinnacle Bank
Thomasville National Bank
Oconee State Bank
Cadence Bank
CoastalStates Bank
Hightower and Huffman
GBA Staff Anniversaries
Read All About It: Send Us Your News
We want to share your news with your colleagues around the state. Please forward your announcements about promotions, new employees and special recognition your bank has received along with any available photos to GBA's David Oliver and Katina Prokos.