December 2, 2016     

Year-to-date Earnings for Georgia Banks up by 6 Percent

Georgia’s 187 state-based FDIC insured banks earned $2.3 billion in the first nine months of 2016, an increase of 6 percent over the same period in 2015. Total deposits, loans and assets all increased from the third quarter in 2015. The 180 banks in Georgia that the FDIC defines as Community Banks saw a 20 percent increase in same-quarter earnings, 10 percent growth in loans and 7 percent deposit growth. “We’re pleased to see continued steady growth in earnings, loans and deposits for Georgia’s banks,” said Joe Brannen, president and CEO of the Georgia Bankers Association in our news release highlighted in numerous statewide media outlets. “The performance of our banks is reflecting the continued positive traction for the state’s economy.” Here are more highlights for Georgia-based banks from the FDIC’s announced results…
Brundidge

GBA Member Profile

Brundidge’s Tip about how to Never Work a Day in Your Life

Latisha Brundidge learned something from a good friend she took to heart. “A good friend once shared with me that if you choose a job you love, you will never work a day in your life. I absolutely love compliance and the people that I encounter on a day-to-day basis,” says Brundidge, compliance officer/internal auditor at Talbot State Bank in Woodland. Read more about Brundidge, who is a GBA Compliance School Graduate, Compliance Committee member and banking veteran of more than 16 years in this week’s GBA Member Profile...

Tres Herin and Joe Brannen

Advocacy

GBA Visits Vidalia Rotary Club

The latest good industry news was a good stage setter for the members of the Vidalia Rotary Club as they got a full briefing on the state of the industry Wednesday. GBA President and CEO Joe Brannen visited the club and shared details about the good performance, Georgia’s improving economy, the possible climate for regulatory reform at the national level, technology and security trends and highlights of how each banker helps his or her community every day. Brannen was the guest of Altamaha Bank & Trust’s Tres Herin. GBA often speaks to banker and business groups to share the story about banking beyond the headlines. Contact David Oliver, 404.420.2036, with questions.
Price

Price Named Nominee to Health and Human Services

We’d like to congratulate Georgia Rep. Tom Price on his nomination as Secretary of the U.S. Department of Health and Human Services. “We’re proud that a Georgian has been nominated to such an important national role and know Rep. Price will do a great job. Before he took the reins on the House Budget Committee, we worked closely with him during his time on the House Financial Services Committee and going back to his service in the Georgia state Senate. He’s always been open to hearing our side of the issues affecting banks and their customers, so we greatly appreciate his service and wish him all the best in working to strengthen the healthcare system for all Americans,” said Joe Brannen, GBA president and CEO. With questions, contact Elizabeth Chandler, 404.420.2027 or Joe Brannen, 404.420.2026.

Statewide SBA Lending Sets Record

Georgia’s banks helped secure a record $1.39 billion in SBA loans guaranteed in Georgia this fiscal year. The agency guaranteed 2,023 Georgia loans in its fiscal year, and funding topped a billion dollars for the third time in the past five years. "This is great news. Most jobs are created by small businesses and Georgia's banks work hand-in-hand with their customers seeking SBA-backed loans to help foster their growth. So, it’s exciting to see that work pay off with record levels of funding backing the entrepreneurs in our state,” said GBA president and CEO Joe Brannen. More here…

Last Call! Internal Audit - Dec. 6

You can still register to learn about auditing the lending function, auditing mortgage banking functions and recent trends in financial institution fraud at GBA’s next Internal Audit seminar. The full day program will cover internal audit objectives and procedures; lending sub-processes; mortgage lending and secondary marketing sub-processes; mortgage fraud; fraud statistics, schemes, characteristics and conditions; and more. Registration is $250 per person. Click here to register

Credit Conference - Dec. 15-16

Maximizing Educational, Networking Value; Minimizing Time Away from the Bank

GBA’s 2016 Credit Conference is just two weeks away; scheduled Dec. 15-16 at the Atlanta Renaissance Waverly Hotel. Attendees will get a ton of value out of this conference without needing to spend a lot of time out of the bank. Please also consider the 2.5 hour pre-conference workshop, “Preparing for the Next Generation of Troubled Assets,” hosted by Mike Allen, State Bank and Trust. Join us for the workshop, the conference or both great events. Click here to register online. Contact GBA’s Kathy Friestad with questions at 404.420.2024.

Debit Card Usage Marches Upward, Fraud Costs Also Jump

Debit card and prepaid transaction volume rose by 6.8 percent in 2015 from 2013 levels, and total transaction value hit $2.31 trillion, the Federal Reserve said this week in a report it issues every two years. Here’s a link to a quick summary and the full survey report...

Last-Minute Shopping? Put GBA Legislative Reception and Forum on Your List

This year's legislative session will be an active one for Georgia's banking industry. Make sure you're in-the-know about what's in store and don't miss the opportunity to talk to your representative one-on-one at GBA's annual Legislative and Economic Forum and Legislative Reception Jan. 11 at the Atlanta Marriott Marquis. The events start at 3 p.m. with our Legislative/Economic Update forum. The Legislative Reception will follow from 6-7:30 p.m. To register, click here...

CFPB Agenda

Arbitration Rule, TILA-RESPA Tweaks on Horizon

The CFPB’s updated rulemaking agenda out this week says the bureau plans to issue a final rule on arbitration in consumer financial agreements in February. Also on the horizon is final tweaks to TILA-RESPA disclosures in the March timeframe, and CFPB will press ahead with early-stage rulemaking on overdrafts, debt collection and lending to small businesses. See the CFPB agenda here...

Beige Book

Modest Improvement in Economic Conditions

Improved manufacturing orders and production led the highlights of economic conditions in the Southeast reported to the Federal Reserve for its latest Beige Book economic summary. The report characterized economic conditions as modestly improving, with an optimistic outlook for growth at or above current rates into earl 2017. Banks reported good credit availability for all customers and good loan demand and increased competition for deposits in metro areas. Despite drought conditions, peanut and cotton harvesting in Georgia and other states in the district were above five-year averages. Here’s the full report...

Why the Impact of MMF Reform is Likely to Benefit Community Banks

There are new rules for money market funds (MMFs) that took effect in October that may present opportunities for community banks, says Danny Capitel of GBA Associate Member Promontory Interfinancial Network. Capitel provides a thorough overview of the possible benefits in this article for members. With questions, contact Capitel at 866.776.6426, ext. 3476.

Georgia Banking School

Enroll Now to Pay Tuition Before Year End

It’s hard to believe that 2017 is just a few weeks away. Now is the time to enroll your promising banker(s) in Georgia Banking School and pay tuition before year end. See all the details and online enrollment by clicking here for Banking School information; for the scoop on GBA Advanced Compliance School, click here. The 2017 schools will run concurrently May 7-12 in Athens. Contact GBA’s Kathy Friestad with questions, 404.420.2024.
Dickinson

GBA Advanced Compliance School

Compliance Regulation Expert David Dickinson Joins School Faculty

We are excited to announce David Dickinson has joined the faculty at the GBA 2017 Advanced Compliance School next May. Dickinson is an expert in compliance regulations. He is also a motivational speaker and innovative educator. The school will be May 7-12, 2017, at the UGA Conference Center and Hotel in Athens. Click here to read all about it and enroll online. Contact GBA’s Kathy Friestad with questions, 404.420.2024.
Piegza

Economic Update set for Women in Banking Conference - Feb. 9-10

Join chief economist Lindsey Piegza, Stifel, Nicolaus & Company, Chicago, IL, as she looks at the pace of our economic recovery and what it means going forward for overall growth and interest rates. She’ll cover trends in consumer behaviors and in the manufacturing sector. She’ll also examine economic growth in the U.S. as a whole against the backdrop of a changing political landscape, and its effects on interest rates. You can register now by clicking here...

Complete Agenda Now Available for 2017 HR Professionals Institute - Feb. 22-24

Hosted annually by GBA’s HR Committee, this conference provides an excellent opportunity for your HR team to learn, share information, and network- and in a new location - the beautiful Westin on Jekyll Island. In response to attendee feedback from last year’s conference, the 2017 conference has been extended by a full day to give more time to various topics on the agenda. Click here to see registration details and the full conference brochure. Here’s a snapshot of the agenda…

GBA-U Seminars

Compliance and Lending Topics, IRAs and Call Reporting Set for Early 2017

Start the new year off right by attending one or more of our in-person sessions coming up in Macon. Registration is now open for the following GBA-U seminars in January and February...

Upcoming GBA-U Webinars

A GBA 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 web site "seat," one telephone site license and all handout materials. If you can't attend the webinar, you may buy the audio CD, handout materials and 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. Check the GBA-U Calendar of Events at www.gabankers.com for more details.

New Positions in Credit Analysis, Loan Processing and More!

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.

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. 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. Here's our latest installment...
Century Bank of Georgia
First American Bank & Trust
Oconee State Bank
T. Smith
D. Smith
Graham
Beasly
Rider
Gentry

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.