December 15, 2017   

Big Proposals Made for Helping Rural Communities
In June, three GBA member bankers met with the Georgia House of Representatives Rural Development Council as part of a series of meetings around the state. During that meeting, Jackson McConnell, Pinnacle Bank, Elberton; Ken Bibb, The Geo. D. Warthen Bank, Sandersville; and Bill Thompson, Queensborough National Bank & Trust Company, Louisville, presented the importance of small business lending and how their banks have found ways to serve their communities’ needs. We learned recently that there will be a push in this year’s General Assembly session to adopt proposals made this week by the Council as a result of their meetings that would make Georgia’s rural communities more attractive to new residents and businesses. The council has proposed…
Head’s Up on Possible Immediate Capital Implications of Tax Bill
It appears that House and Senate Republicans have reached an agreement on differences in their respective versions of tax reform bills that could result in a vote on a consolidated bill before the end of the year. According to the ABA, if a bill passes before Jan. 1 there could be immediate accounting and capital implications for banks. Under generally accepted accounting principles, if the tax law is signed before Jan. 1, it will require the immediate reevaluation of DTAs and DTLs, with the difference recorded through net income. Because new tax rates won’t be effective until later, this could affect banks’ current quarterly earnings statements and regulatory capital levels. We encourage bankers to consult with your tax professionals about this issue. Here are links to a power point presentation and a preliminary analysis with details from the ABA. With comments or questions, contact Joe Brannen, 404.420.2026, or Elizabeth Chandler, 404.420.2027.
Update on Loudermilk Reg. Reform Bill and Others
Georgia Rep Barry Loudermilk Tuesday (R-GA11) officially introduced his bill we mentioned last week to modernize, expand and improve the Economic Growth and Regulatory Paperwork Reduction act of 1996. The bill would shorten the EGRPRA cycle from 10 to seven years, broaden the act to include the review of CFPB regulations and codify that the NCUA is also part of the review process. It would also require regulators to actually make adjustments to the regulations they find outdated, unnecessary or unduly burdensome instead of simply making a report about them. The bill has GBA’s support, as well as support from major national financial services trade groups. Here’s a link to the Comprehensive Regulatory Review Act (H.R. 4607). There are a number of other regulatory reform efforts being considered in the House...
GBA 2018 HR Professionals Institute Registration Open Soon
HR professionals from GBA member banks around our state will gather at GBA’s 2018 HR Professionals Institute March 21-23 on Jekyll Island to learn, information share, and network with colleagues. This annual conference is planned and hosted by the GBA HR Committee, led by Margie Blanton, HR officer at WB&T Bankshares, Valdosta, and Leigh Pharr, SVP, HR manager at First Landmark Bank, Marietta. The committee is excited about repeating a few things from the 2017 conference including an extended conference format, early release to enjoy informal networking, and the beautiful Jekyll Island location. The committee is also energized about this year’s agenda, which will provide an excellent balance of professional development for the HR pro and training that will improve HR practices back at the bank. Topics will include...
Small Mortgage Lender Relief Bill Clears House
Banks with less than $10 billion in assets would be exempt from the CFPB’s higher-priced mortgage loan escrow requirements if a bill passed by the House this week eventually becomes law. The bipartisan bill (H.R. 3971) would also exempt companies from certain servicing rules if they service fewer than 20,000 mortgages annually.
GBA 125
Necessity (Cost Control) the Mother of Invention
Banking technology is always evolving. A look back in the GBA archives gives a glimpse of one unique innovation a Georgia bank came up with to save some money. In 1942 the First National Bank of Atlanta used a homemade device to tie money and checks together with string. The intent was to save money on rubber bands. The machine had a movable slide, some ratcheting mechanisms, a spindle and several hooks to make the tying process work. Such innovation and cost saving by banks is passed on to customers because every dollar saved on operations is money that can be put to better use in serving the financial needs of customers and communities. And of course, one of GBA’s core missions for 125 years has been to provide products and services to help banks make money, save money and be more efficient. Check out the variety of products and Strategic Partners GBA offers that can help your bank be more frugal or profitable here...
‘Tis the Season to Apply for Georgia Banking School or Compliance School
Enrolling one of your star bankers in Georgia Banking School or GBA Basic Compliance School is one of the greatest gifts you can give to your promising team members. Better than cash! Better than a gift card! Better than a Hawaiian cruise! Well, we’d better stop there…Seriously, though, GBA school graduates consistently report their school experience was one of the most rewarding of their professional lives. It’s the gift that lasts a lifetime and you can’t put a price tag on the experience, so think about sending someone this coming year. The 2018 sessions of Georgia Banking School and GBA Basic Compliance School will be May 6-11 at the UGA Center for Continuing Education & Hotel in Athens. Enroll your student now and pay now to get it in this year's expenses, or defer tuition payment until 2018. Save $130 on tuition through Feb. 9. For more information on Banking School, click here; for Compliance School, click here. Contact GBA’s Kathy Friestad, 404.420.2024 with questions.
Legislative Reception Room Block Deadline Approaching!
Just a reminder that the room block for the 2018 GBA Legislative/Economic Forum and Legislative Reception on Jan. 10 will expire Monday, Dec. 18. Rooms have been reserved at the Marriott Marquis for the night of Jan. 10. The negotiated rate is $279 per night for a single or double room. Reserve your room by calling the hotel directly at 404.521.0000. Be sure to tell them you are with the Georgia Bankers Association to receive the special rate. The events start at 3 p.m. with our Legislative/Economic Forum and the Legislative Reception will follow from 6-7:30 p.m. To register, click here. With questions about the hotel, the forum or the reception, contact GBA’s Susie McGehee at 404.420.2010.
Get a Strong Start to the New Year at GBA-U Seminars
We’ve planned a lineup of timely and informative seminars in 2018 for career bankers at any level. See below for the schedule of 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 Jan. 31, the new Financial Crimes Risk Management Symposium presented in partnership with Secura Risk Management will delve into emerging threats including human trafficking, cybercrime attacks, elder financial exploitation and a discussion on internal controls and staffing for the next generation BSA program. 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, LLC, 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…
Click the seminar links above for more information and online registration. With questions, please contact GBA's Katina Prokos, 404.420.2021.
Did You Know We Offer…
Bank Financial Management-Executive Education Online Training

These courses are designed for individuals who are involved in the financial management of their bank, including junior officers up through CEOs, CFOs and other senior officers who make key decisions that affect bank profitability. These courses cover the analysis of bank performance, the measurement and management of interest rate risk, and the management of funding, liquidity and capital. Learn more here...
Upcoming GBA-U Webinars
A GBA-U Webinar is a great way to quickly get the training you need without travel or time out of the bank. Webinars are live and allow time for questions and answers. The $265 registration price gives you access to one website "seat," one telephone site license and all handout materials. If you can't attend the webinar, you may buy the CD of the recording, handout materials and/or a password to see the session online. With questions, please contact GBA's Katina Prokos at 404.420.2021. Here is a sample of upcoming offerings...
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.
Bank Assetpoint Helps Banks Market Assets
Bank Assetpoint® allows members to search for and post assets for sale, either directly or through your real estate broker or loan sale advisor, and to connect with specialty service providers. You can access to a large number of eligible buyers, facilitating faster disposition, as well as the potential to capture the value of your assets, as well as easily post and monitor a wide range of assets - including performing and nonperforming loans, loan participations, loan pools, and commercial OREO - in a single, secure place. Check out Bank Assetpoint at It's quick and easy to get started. With questions, contact Promontory's Danny Capitel, 770.630.6796.
Get the Best Background Screening And Fingerprint Services from First Advantage
First Advantage screening solutions help provide confidence that your bank is making sound staffing decisions. First Advantage's background checks empower you to make the right decisions quickly about the people you hire--whether they are contractors or employees. Best practices allow you to manage workflow efficiencies more effectively and maximize the value of your investment. Benefits include:
  • More effectively compete for and successfully hire talent meeting your organization's risk model.
  • Ensure consistency by automating screening orders based on position.
  • Speed up results by customizing adjudication/scoring criteria.
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 Bo Brannen and David Oliver, or if your company would like to sponsor this content, let us know. Here's our latest installment...
Renasant Bank
Access to Capital for Entreprenuers
United Bank
Rhonda Massengill with Century Bank of Georgia COO David Caswell and CEO Rick Drews
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