Sept. 6, 2019

Georgia Banks Earn $1.2 Billion during Second Quarter 2019

Georgia’s 166 state-based FDIC insured banks earned $1.2 billion in the second quarter of 2019, an increase of 9.1% from first quarter. Year-to-date net income was up 6.7% compared to the first six months of 2018. Total loans grew by 1.4% for the quarter and by 14.6% compared to the same time last year. Deposits were down slightly from first quarter, but up by 7.7% from the same period in 2018. "Georgia’s banks continued to support economic growth with increased lending during the first half of the year, credit quality remains strong and other key performance metrics show ongoing growth and stability," said Joe Brannen, president and CEO of the Georgia Bankers Association in a news release about the results. "Our banks are performing in lockstep with Georgia’s robust economy." Georgia bank loan growth for the quarter was on pace with the national rate and has been stronger over the past 12 months, and net interest margin is better than the national average based on the FDIC’s Quarterly Banking Profile results announced Thursday. Click here to see the detailed data.

Dorian Resources for Bankers Deployed

Although the damage to Georgia from Hurricane Dorian was far less than expected, we’re all reminded of the importance of preparation and ensuring we’re taking advantage of all available resources. In an email to Georgia bank presidents last weekend, GBA president and CEO Joe Brannen forwarded a link to access the Georgia Emergency Management Agency document outlining the priority re-entry procedures following a disaster. Click here for background and more information on the GEMA resources. Also, the Federal Reserve Bank of Atlanta has updated the contact information to reach the Atlanta Fed for status updates on Federal Reserve Financial Services including Fedwire®, FedCash®, Check, and FedACH® Services. You can also monitor service status on FRBservices.org. Here’s a link to a letter the Atlanta Fed sent recently with more details. We’ve also continued to update the hurricane resources page on our website that includes state and national EMA resources, family and business preparedness information and more, so be sure and bookmark this page as a handy resource. With questions, contact Joe Brannen, 404.420.2026, or David Oliver, 404.420.2036.
Action request: If you have not done so already, we recommend all banks complete the pre-authorization form for re-entering areas affected by natural disasters. This will be helpful if/when the next storm or disaster strikes.

Help Georgians Avoid Storm-Related Scams

Please share with your co-workers and customers some important resources for avoiding scams related to Hurricane Dorian. The Cybersecurity and Infrastructure Security Agency has a good resource page with links to information about how to be alert for and avoid a variety of cyber scams including those related to charities, social networking and phishing attacks. Access the resources here.

Last Call for GBA 2019 Compliance Conference!

The GBA Compliance Conference is just a couple weeks away, but there is still time to register. Check out the all-star cast from nationally-recognized compliance organizations. The conference is Sept. 18-20 at the Crowne Plaza Atlanta SW in Peachtree City. Online registration is quick and easy - click here to register. Registrants have the option to attend the entire ("full") conference, to attend only days 1 and 2 with Loan Compliance content, or to attend days 2 and 3 with a Deposit Compliance focus. Click here to access the detailed agenda. Hotel information is also available through this link. Click here for hotel information. If you have questions, contact GBA’s Alison Moreau, 404.420.2034.
GBA's Advocacy Team

GBA’s Advocacy Team Honored

State legislators and government relations professionals have again 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 as one the top overall lobbyists. "Year in and year out, GBA’s advocacy team of Elizabeth, Joe Brannen and Steve Bridges is recognized for being credible, reliable and effective in working with elected officials and policymakers. The job they do in identifying problems and opportunities, listening to members and working with decision makers on our behalf is amazing," said GBA chairman Chuck Copeland, First National Bank of Griffin.

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. See the full ad here.

Elder Financial Exploitation Reporting

In the August 2019 Financial Institutions Today publication from the Georgia Department of Banking and Finance, an article was included related to the required reporting of suspected elder exploitation by financial institutions. While the publication indicated reporting should be done related to suspected incidents of abuse, neglect or exploitation, the Department has confirmed to GBA its interpretation that the current statute limits mandatory reporting to suspected incidents of elder financial exploitation. Reports should be filed concurrently with the state’s Adult Protective Services, law enforcement and a Suspicious Activity Report (SAR) filed with FinCEN. With questions, contact Elizabeth Chandler, 404.420.2027.
Hines

Starting Out in the Recession, Sports Fervor and Personal Connections with Bert Hines

A lot of people weren’t going into banking in 2010, but that’s exactly what Bert Hines, vice president of lending, First National Bank, Bainbridge did. When his former company was relocating, a client at the time suggested he would make a good banker. "He said, ‘I’m looking for an assistant manager and you’ve managed people. We can work on the banking part,’" Hines recalls. It was during the recession, but once he got into the banking business, Hines found that he loved sitting down with customers and business owners to help address a need that they have. "The Lord certainly works in mysterious ways. I think there was a plan that worked out," he said. A member of the Leadership GBA Executive Committee, Hines talks about the strong friendships he gained by attending the Georgia Banking School, his first job as a recruiter for a medical staffing company, several surprising fun facts mostly involving his passion for sports and more in his GBA Member Profile.
Rushton

AB&T Finalist in National Marketing Video Contest

Matt Rushton of AB&T is the featured banker in a video that is one of four finalists in the banks under $500 million in assets category for ABA’s national Bank Marketing Video contest. Rushton is a member of GBA’s Agriculture Committee, and the video highlights his strong community ties and passion for working with people as a Georgian who happens to be a banker. Congrats to Rushton, Perry Revell and Brad McEwen at the bank for their good work on the project. Take a look at the video and vote for it here. Voting closes Sept. 13.
Related: GBA’s Marketing Peer Group Meeting is Oct. 3 in Macon. Come share best practices with your fellow marketers and a relaxed, informal setting. Register here.
Related: GBA Strategic Partner Financial Marketing Solutions produced two videos that are also finalists in other categories. The videos are titled Journey Well and Where things are Made.

Meet GBA’s Newest Associate Members

GBA Associate Membership is for individuals and organizations that serve banks and bankers. Meet the nine companies that have joined recently, and please consider these banking industry supporters if you have a product or service need, they provide. You can get information about any of GBA’s Associate Members by using the Associate Member search function on our website. Bo Brannen, 404.420.2014.
The Ritz-Carlton

Hotel Deadline is Monday for President/CEO, Bank Accountant and Bank Counsel Conferences

If you are your bank’s president or CEO, an in-house bank accountant or attorney, or are with an accounting or law firm that has banks as clients, we hope you’re planning to attend GBA’s upcoming trio of conferences - the President/CEO, Bank Accountant, and Bank Counsel conferences, held concurrently Oct. 6-8 at The Ritz-Carlton Reynolds at Lake Oconee. Registrants for all three conferences may attend the President/CEO Conference general sessions, and there are breakouts tailored in content to Bank Accountant and Bank Counsel Conference attendees. Click here to see the detailed agenda and to register. Spouses/guests are welcome at an additional fee. Rooms are still available in GBA’s room block at the Ritz-Carlton Reynolds, and the cut-off date is Monday (Sept. 16), so be sure to book your room today! Contact GBA’s Kathy Friestad with questions, 404.420.2024.

Welcome Newest GBA Insurance Trust Member

We’re excited about welcoming Loyal Trust Bank, Johns Creek, as the newest member of the GBA Insurance Trust. We appreciate CEO Charlie Brown and the bank for choosing GBA Insurance Trust as the provider for healthcare and other insurance benefits for its team. The Trust is run by bankers, for bankers with no profit motive. The number-one priority of the Insurance Trust is to provide quality products and top-notch personal service while at the same time providing cost-effective plans. Contact GBAIT CEO Dan Thomason for information.

Treasurer Announces Pilot CD Auction

The Office of the State Treasurer (OST) has announced the launch of a non-negotiable CD auction program that will allow certain banks providing Georgia public deposit services to access investment funds managed by the state. In the pilot phase, the auction will be available only to banks approved as Covered Depositories in the Georgia Secure Deposit Program (SDP) as they have already been approved by the State Depository Board as authorized depositories for state funds and are reporting monthly to OST. Auctions will be conducted on a secure, web-hosted platform called BidGeorgia.com that is in the final stage of development. Generally, the CD auction program will allow SDP banks to compete for state-managed investment dollars each quarter - with four maturity tranches of six, 12, 18, and 24 months, with bids ranging for any tranche from $100,000 per institution to a maximum of $20 million in total across the four CD tranches. Initially of the approximate $160 million the state is expected to have available to invest quarterly in short term maturities, 25% will be set aside for this first quarterly CD auction that will be conducted on Sept. 27, 2019. Grant Street Group is the vendor selected to manage the auction process.

Economic Sentiment Mostly Positive for Community Banks

The results of the first Community Bank Sentiment Index from the Conference of State Bank Supervisors show that overall, banks are optimistic about business conditions in the future. Eighty percent of banks expect the same or better profits, and 60% are looking forward to increased franchise value. On the downside, 42% expect more regulatory burden. Banks in the South generally reported the highest index scores for favorable responses. Read the results here. Bankers are encouraged to take the brief third-quarter survey, which is now available to complete. Estimated time to complete: four minutes.

2019 BankPAC Campaign Update - Now is the Time to Participate

As the calendar turns toward fall, the GBA BankPAC Board of Directors is looking forward to wrapping up the 2019 BankPAC Campaign and emphasizing the importance and responsibility of each GBA member bank to participate. Contributing and being involved with the BankPAC Campaign has never been easier. With new online capability of contributing to the GBA FedPAC, all eligible employees, officers and directors, can simply use this link to make a contribution by logging in with your MyGBA profile credentials. Also, here are the contribution forms for both the FedPAC and the StatePAC which include a useful guide of suggested amounts of giving. Check out how your GBA Group is progressing toward its goals so far. Thanks to these banks, members and individuals who contributed to the GBA StatePAC and FedPAC this week. With questions, please call Elizabeth Chandler at 404.420.2027.

401(k) Testing Relief through Safe Harbor Design - Time to Review for 2020!

Is 401(k) testing limiting what your bank officers can contribute to your 401(k) Plan? Plans that guarantee a 100% match up to 4% of compensation or a 3% non-elective contribution (similar to a profit-sharing contribution) can be exempt from ADP/ACP discrimination testing and even exempt from top-heavy testing depending on different factors. Employees must become immediately 100% vested in all safe harbor contributions. In addition, there is another safe harbor design that ends up with a 3.5% maximum annual match for participants but has automatic enrollment features built in. The Master 401(k) Plan offered under GBA Retirement Services, Inc. is already set up to accommodate traditional and automatic enrollment safe harbor plans. Anyone electing safe harbor options for 2020 must decide by the end of October in order to allow time for the required amendments and participant notices. Get more information here.

Last chance to register!
IRA Advanced Update and Review Workshop, Sept. 12

The IRA Advanced Update and Review Workshop will take place on Sept. 12 at Middle Georgia State University in Macon and Patrice Konarik, president of Sunwest Training Corp., will speak on recent changes as she covers content at the intermediate-to-advanced level. Each participant will receive the complete 275-page Sunwest Training IRA Training and Reference Manual, which is updated to reflect new regulations. Registration is $275 per person. To register, click here. With questions, please contact GBA's Jenna Lynn Warner, 404.420.2035.

Financial Risk Management Conference Brochures on the Way

The brochure detailing GBA’s 2019 Financial Risk Management Conference Nov. 7-8 in Atlanta will be mailed next week. Highlights of the conference include Kevin Giddis covering the economy, fed and interest rates, Mandy Simpson giving a CECL update, Chris Nichols talking tech trends along with investments, regulatory and ALM/ALCO panels. The brochure is also included in this week’s print Bulletin and here on GBA’s website. The 2019 GBA Financial Risk Management Conference is planned by the GBA Asset/Liability Management Committee. Holt Redding, South Coast Bank and Trust, Brunswick, is the committee chair, and Daniel Stanford, SunMark Community Bank, Perry, is vice chair. Registration for members is $395 per person through Oct. 24. Click here to register. Sponsorships are available, and Associate Member companies may also exhibit. With questions, contact GBA’s Alison Moreau, 404.420.2034.

Submit your Topics for GBA’s Fall Marketing Peer Group

This fall, the GBA Marketing Peer Group Meeting will be Oct. 3 at Middle Georgia State University in Macon. We’re asking bank marketers to send in topics for discussion. Please send your topics to jwarner@gabankers.com. Please submit topics for the Vendor and Peer Exchange. During this time, you’ll have the opportunity to share your favorite vendors as well as ask questions of your bank marketing peers. Click here to register for the peer group online.
Georgia Southern University

Save the Date: Oct. 22
Southeast Georgia Community Bank Symposium

GBA along with the Georgia Southern University will host its annual Southeast Georgia Community Bank Symposium on Oct. 22. This event will feature experts who will focus on the important issues facing bankers in the Southeast Georgia banking industry. CEOs, CFOs, bank directors, senior lenders and retail bank managers from throughout the Southeast Georgia region should look to attend. Click here to see topics on the agenda. Registration is $159 per person. Click here to register online. With questions, please contact GBA's Jenna Lynn Warner at 404.420.2035.
Huneycutt and Kondo

Learn How to "Spark Joy" in the Workplace at the GBA Women in Banking Conference

You may have seen the Netflix original series "Tidying Up with Marie Kondo," inspired by the #1 New York Times bestselling guide to de-cluttering your home, The Life-Changing Magic of Tidying Up. Kondo’s method of sparking joy is known as the Konmari Method, and believe it or not, you can "konmari" your work life, too! Attend the GBA Women in Banking Conference at Legacy Lodge at Lake Lanier Islands Nov. 17-19 to hear Shannon Huneycutt, a silver-level certified Konmari Consultant and the founder of Spark Joy Charlotte, a Konmari Method consulting practice based in Charlotte, for tips on how to apply the method to your desk, inbox, and ultimately your career. For more information and to reserve your spot, click here.
Walker

Dart Appraisal Offers the Best Custom Appraisal Management Solutions

GBA Strategic Partner Dart Appraisal knows that appraisal management is not a one-size-fits-all process. Dart has extensive experience with community banks that provide about 35 percent of their monthly volume. This has driven Dart to develop the best solutions in the industry. Their expert, national appraiser panel consistently delivers effective results wherever they are called. And, Dart is committed to meeting every one of their client’s specific needs. They can customize solutions every step of the way. Those are just a couple of the reasons why we believe they’re a great choice to be your bank’s appraisal management company. Contact Dart’s Nick Walker today to learn more at 678.486.7508, nwalker@dartappraisal.com.

Free Webinar | Sept. 18, 3:30-4:30 p.m.
Don’t Leave Non-Interest Income on the Table with Your Current Debit Card Program

Join Rich Green to learn more about the review and analysis process of selecting a debit card program that's right for your bank. Letting your current signature debit network contract roll over can seem like the easiest thing to do, but you are more than likely leaving money on the table, paying unnecessary fees and dealing with terms that restrict you from adapting to shifting market trends, including PINless and mobile transactions, EMV liability and overall changes in the debit card space. Click here to see what you will learn in this upcoming session. Click here to register. Contact Green with questions beforehand at richgreen@pulsenetwork.com or 346.204.6120.

ABA Online Training - Mortgage, Trust, CTFA and More

ABA-facilitated online courses feature an online learning community with fellow students, instructor guidance and feedback. Check out these six courses scheduled from September through October. Any employee of a GBA member bank can participate at the member rate. Your bank does not have to be an ABA member. For more information, contact Alison Moreau, 404.420.2034. Click here for a list of all ABA offerings.

Find the Perfect ABA Certificate to Advance Your Career! Learn. Advance. Lead.

Build the skills and knowledge necessary for career advancement with a certificate program in a concentrated skill set. Certificates provide practical, tailored knowledge in a particular job role. The certificate programs are reevaluated and refined to meet current needs and changes in the industry. GBA members get a discounted rate, and you don't have to be an ABA member to register. Click here to see the certificates available. For more information, contact Alison Moreau, 404.420.2034.

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 Strategic Partner BankTalentHQ - The central feature of BankTalentHQ is its national bank-job board. Other key benefits include: resume search access, regional and national reach for your open positions, frequent special offers and custom sales/coaching programs. Visit BankTalentHQ to learn more. See the open positions in Georgia here, or search regionally or nationally here.
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...
Providence Bank
United National Bank
Colony Bank
Oconee State Bank
Oconee State Bank
Kelly
McCard
Watson
Helms
Thomas
Seagraves
Harris
Landrum
House
Colony Bank
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.