June 3, 2016           

FDIC Quarterly Banking Profile

Georgia Banks Top National Averages in First Quarter

Georgia’s 194 state-based FDIC insured banks earned $720.7 million in the first quarter of 2016, an increase of 9.3 percent over the same period in 2015. GBA shared the positive results with media around the state in a news release that was picked up by the Atlanta Journal-Constitution and Atlanta Business Chronicle so far. Nationally, the FDIC attributed the lower total earnings for the industry to higher loan loss provisions, particularly those set aside for energy-sector loans, as well as lower noninterest income. Overall, community bank earnings were up, as was net operating revenue. Click here to see a chart and more analysis showing the trends for Georgia banks over the past year and giving the national numbers for the first quarter…

Payday, Short-Term Loan Rule Proposed by CFPB

The CFPB Thursday released its proposal to more strongly regulate short-term, small-dollar loans. The rule would cover payday loans, auto title loans, deposit advance products, and other short-term, small-dollar credit, including all loans with a term of 45 days or less, as well as longer-term loans that have an all-in APR exceeding 36 percent and that are repaid directly from a borrower’s account or secured by a car. Overdraft protection services are not covered by the proposal. Read analysis and what one Georgia banker said about the CFPB's proposal here...

New Loan Competition: Employer Loans

As the CFPB looks to more heavily regulate short-term loans, there’s a trend emerging in which more businesses are providing loans for their employees. The Wall Street Journal this week detailed how some companies view the loans as employee benefits and a way to improve the financial stability of their workforce. About 6 percent of employers offer low or no-interest loans for nonemergency situations, while 3 percent offer student-loan repayment, the article said. Click here for more details and a link ot the complete article (WSJ subscription required)...

Douglas Rotary Gets Scoop on Georgia Banking

Members of the Douglas Rotary Club Thursday heard fresh facts about the good performance of Georgia’s banks and a clear message that banks are eager to make loans to families and businesses in Coffee County. GBA President and CEO Joe Brannen spoke to the club as the guest of Douglas National Bank’s Luke Morgan. Brannen also shared examples of how consumers are paying a price for excessive regulation, highlighted bank technology trends and noted how well banks protect customer data and personal information. 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.

Dodd-Frank Alternative to be Outlined

House Financial Services Committee Chairman Jeb Hensarling (R-TX) will unveil details about the Republican plan to replace the Dodd-Frank Act and promote economic growth during a speech to the Economic Club of New York Tuesday, June 7. Hensarling is expected to release a white paper that will focus on reforms of the CFPB, adjustments in the Volker Rule, overturn the Durbin Amendment putting price controls on credit and debit card interchange and reform the Financial Services Oversight Board. The speech will also be live streamed at www.financialservices.house.gov/live...

GBA Comp. & Benefits Survey: First Deadline June 14

Shorter Non-Salary Portion one Reason to Participate

Here’s a reminder that the deadline to participate in the Salary Trends, Benefits and Directors Compensation (non-salary) portion of our annual survey has been extended to June 14. We’ve worked with the HR Committee and Mathews, Young-Management Consulting to cut the time and information needed to complete this part of the full survey. The salary component is still due Thursday, June 30. Click here to get started...

Ty Turner Speaks up on Leadership GBA

Leadership GBA’s annual Leadership Conference is July 18-21 at the Ponte Vedra Inn & Club. Ponte Vedra, FL. Ty Turner, President and CEO of the Commercial Bank, a Division of Synovus, Thomasville, recently shared his thoughts on the benefits Leadership GBA. See what Turner empahsizes here and plan to come join us in Ponte Vedra next month...

Fed’s Beige Book

Economic Outlook Optimistic in Southeast

Business contacts in the Federal Reserve’s Atlanta district characterized economic activity as modest and expect growth in the next six months to be higher than current levels, according to the Federal Reserve’s Beige Book. One of the highlighted areas in the report was that banking contacts reported strong loan demand and ample credit availability to qualified borrowers. Georgia’s tourism sector also reported higher visitors to the state. Read the full report here...

Compliance Peer Group Meeting

Third-Party Provider Management - June 21

Compliance and vendor management specialists should mark their calendars for GBA's next Compliance Peer Group meeting June 21 in Macon. Tom Hinkel of Safe Systems, and Ken Proctor from RISC Solutions/FIS Global, will discuss Third-Party Provider Management. They'll explain the steps to adequately mitigate the rick as well as what a bank should examine to determine the risk. Anthony Womack, FDIC, will join the speakers for a Q&A panel in the afternoon. Here's a detailed agenda. The meeting will convene at Idle Hour Country Club in Macon. Registration is $125 per person. Click here to register online. Contact Alison Moreau, 404.420.2034 with questions.

GBA-U Webinars

Mobile Threats, Basic Underwriting and More

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.

Consumer Lending, Supervisor Certificate among Highlights

Instructor-led ABA online courses have weekly assignments as well as midterm and final exams. All you need is a computer, printer and Internet access. Please register two weeks in advance to secure a "seat." For more information, contact Alison Moreau, 404.420.2034. Click here for a list ABA instructor-led courses for July…

The GBA Job Bank Gets Results

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 Kenyetta Parks at 404.420.2035.

New Look, New Name, Same Meaningful Mission!

CRA Partners is an Effortless CRA Compliance Solution that Works Hard in Your Community

CRA Partners is a compliance program you can feel good about. The Senior Housing Crime Prevention Foundation, a trusted brand for over 15 years has a new name and a new look but the same meaningful mission. The participating banks in Georgia have loaned or invested more than $2.5 million to help provide safe, crime-free living environments to more than 430 Georgia seniors who reside in nursing homes, HUD senior housing communities, and state Veterans homes. Because these banks are protecting the seniors in their community, the senior housing facilities have experienced a 94 percent reduction in crime incidents. CRA Partners is a partner every step of the way – from participation through examination. Banks enjoy the following services…

Here are Three Tips To Optimize Your Check Programs from Deluxe

Which techniques are working for your bank to optimize the profitability of its consumer and business check programs? Many banks are finding success by building online capabilities into account offerings, allowing customers to pay bills, deposit and transfer funds, and monitor balances all without ever having to touch a single piece of paper. Remember, it pays to pursue every route when optimizing check program profitability Here are some tips from Deluxe, a GBA Strategic Partner, to implement at your financial institution…

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...
GBA E-Bulletin Sponsor
Providing outsourced credit training and underwriting services.

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.