Caroline Brown

With the FDIC call report data now available for the 3rd quarter of 2024, we can now see that the median bank CD portfolio yield for the quarter was 4.29%, up from 4.16% in the previous quarter. The average CD yield in the U.S. for the quarter was 4.62% when you add up all the CD interest paid and annualize it compared to the average volume of CDs during the quarter. This is up from 4.56% in the previous quarter. This means that the banks paying higher rates had a significantly greater share of the volume. Bankers might want to check out our recent publication of the Term Funding Profitability benchmark at https://lnkd.in/gM_bHrq5 To explore the Pressure Gauge for your bank or your competitors use this link https://lnkd.in/eHWXGKZ. I'd love to hear opinions from thought leaders like Ryan Rackley, Gregory Dushan, Jeff Marsico, Omar A. Hinojosa, CFA, Steve Wofford, Christopher Nelson, CFA, Chris Nichols, Dave McNab CPA, CA Rutger van Faassen, Preston Afrank, Alisha Crafton, Michael Daidone, Gerard Colaluca, Beth Ericson, Boris Masip, MBA, Connie Loveland, Glenn Grossman, Dave Wicklund, Mike Bilyeu, Ryan Walker, Gabe Krajicek, Amy Pierce, Gene Palm, Jim Wrigley and Tom Grottke #banking #profitability #deposits #strategy

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With the FDIC call report data now available for the 2nd quarter of 2024, we can now see that the median bank CD portfolio yield for the quarter was 4.16%, up from 3.96% in the previous quarter. The average CD yield in the U.S. for the quarter was 4.56% when you add up all the CD interest paid and annualize it compared to the average volume of CDs during the quarter. This is up from 4.48% in the previous quarter. This means that the banks paying higher rates had a significantly greater share of the volume. Bankers might want to check out our recent publication of the Term Funding Profitability benchmark at https://lnkd.in/gM_bHrq5 To explore the Pressure Gauge for your bank or your competitors use this link https://lnkd.in/eHWXGKZ. I'd love to hear from thought leaders like Ryan Rackley, Gregory Dushan, Jeff Marsico, Omar A. Hinojosa, CFA, Steve Wofford, Christopher Nelson, CFA, Chris Nichols, Dave McNab CPA, CA, Rutger van Faassen, Preston Afrank, Alisha Crafton, Michael Daidone, Gerard Colaluca, Beth Ericson, Boris Masip, MBA, Connie Loveland, Glenn Grossman, and Tom Grottke #banking #profitability #deposits #strategy

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The June Term Funding Profit Benchmark report is now available. #banking #creditunions #deposits #funding #profitability #communitybanking

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With the FDIC call report data now available for the 1st quarter of 2024, we can now see that the median bank CD portfolio yield for the quarter was 3.96%, up from 3.69% in the previous quarter. The average CD yield in the U.S. for the quarter was 4.48% when you add up all the CD interest paid and annualize it compared to the average volume of CDs during the quarter. This is up from 4.39% in the previous quarter. This means that the banks paying higher rates had a significantly greater share of the volume. Bankers might want to check out our recent article on moving the focus from rates to profits at https://lnkd.in/gWWx4w4B To explore the Pressure Gauge for your bank or your competitors use this link https://lnkd.in/eHWXGKZ. I'd love to hear from thought leaders like Jeff Marsico, Steve Wofford, Dale Sheller, Ryan Hayhurst, Omar A. Hinojosa, CFA, Christopher Nelson, CFA, Chris Nichols, Dave McNab CPA, CA #banking #profitability #deposits #strategy

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#Banks and #CreditUnions are now using new approaches to deposits to navigate the new normal of interest rates that many bank executives today are unfamiliar with. You can see below that in the month since the Fed cut overnight rates most of the longer term U.S. Treasuries are up about 40 basis points. https://lnkd.in/gxd9cheA The war for deposits will rage on. Isn't it time for you to upgrade your deposit offerings? Learn about the most advanced approaches with the Graduate School of Banking at the University of Wisconsin - Madison online seminar at https://lnkd.in/ggQ7Eqwu We are talking about vital components to financial success!

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Five Star Bank's President and CEO, James Beckwith, will be speaking on a panel at the California Bankers Association's Membership Update Banking Roundtable this morning. The panel will discuss the latest opportunities and challenges facing the banking industry today. Five Star Bank is proud to have James be a part of this important discussion. . . . #CaliforniaBankersAssociation #CBA #CaliforniaBankers #Banking #BankingIndustry #FiveStarBank #BankingPanel #BankingOpportunities #BankingChallenges #BankingCommunity #IndustryInsights #CaliforniaBanking

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How is your financial institution approaching deposits today? To stay competitive, we need enhanced sales processes that offer products beyond the classic checking, savings, and term deposits. Pricing must be relevant to depositors while remaining profitable for financial institutions. This calls for investing in innovative deposit strategies, moving beyond traditional practices. Interested in exploring what the best and brightest are doing in this arena right now? Join us to delve into the latest trends and strategies shaping the deposit landscape. Let's navigate the evolving terrain together!

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The FedChoice Charitable Foundation (FCF) is thrilled to announce the largest donation in its history, a generous $222,000 contribution from FedChoice Federal Credit Union (FedChoice). This landmark donation comes as FedChoice prepares to celebrate its 90th anniversary, marking nearly a century of service and commitment to the federal community. Brett Noll, President/CEO of FedChoice Federal Credit Union, stated, “The success of our Foundation was made possible by our Credit Union Board of Directors and those who created the foundation back in 2017. There is an incredible sense of unity at our organization with everyone committed to improving the lives of our credit union members and people in need within the communities we serve. This extremely large and generous gift to the FedChoice Charitable Foundation is a monumental step towards securing the longevity of the organization and the impact of the work being accomplished.” This significant contribution underscores FedChoice's dedication to supporting the Foundation’s mission of empowering underserved communities through #education and #financialliteracy. Over the past year, the FedChoice Charitable Foundation has provided financial literacy classes at Title I schools across the Greater Washington DC area, delivered Teachers' Aid Program grants to K-12 educators, awarded scholarships to graduating seniors in local high schools, and established ‘Millionaires Clubs’ at multiple middle and high schools to teach children concepts revolving around financial management. The Foundation also continues to help federal employees navigate their employment benefits and prepare for retirement. “Financial literacy has the power to transform lives, and we are immensely proud that our educational programs have impacted so many young people and their families in low-income areas,” shared Andrey Gidaspov, Ph.D., Executive Director of the FedChoice Charitable Foundation. “We are deeply grateful for this substantial gift from FedChoice, which serves as a testament to the success of our collaborative efforts with community partners, donors and volunteers. This is a major investment in our sustainable future.” #embrace #educate #elevate #empoweringlocalcommunities #impact

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Does anyone in your financial institution need a new idea or two about how to approach deposits today? This webinar was created for them. Check out this special BankersHub event! https://lnkd.in/gbQXy4Re To learn more about all the BankersHub content go to https://lnkd.in/g8H_-grq #banking #deposits #negotiations

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Thanks to Chris Nichols and SouthState Bank for sharing valuable insights on the origins and evolution of time deposits. I love this quote in the article "As the legacy knowledge of deposit gathering is passed down from generation to generation of banker, some of the finer points of liability structuring are getting diluted with some knowledge just plain forgotten about." In the current landscape, bankers must adapt their deposit structuring and pricing strategies to avoid unproductive, reactive measures. It's crucial to move away from the "Whack-A-Mole" approach that many have resorted to since the Fed's interest rate adjustments in March 2022. It's time for banks of all sizes to embrace a more strategic and informed approach to optimizing their deposit processes, products, and pricing. By studying and implementing the deposit best practices checklist, professionals can enhance their overall deposit management strategies. Check out the interest-bearing deposit best practices checklist here: https://lnkd.in/gFvngEFP #Banking #Finance #DepositManagement #BankingStrategies #FinancialInsights

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As a prominent Community Development Financial Institution certified by the U.S. Treasury's CDFI Fund, we recognize our responsibility to strengthen our longstanding banking relationships and collaborate effectively on initiatives that address critical community needs. This certification aligns with our mission-driven approach to community development and underscores our commitment to supporting underserved populations and uplifting communities. By providing financing to those who may not have access to traditional banking services, we aim to foster economic growth and empowerment. We aspire to lead the industry toward a broader landscape of impact investing, where capital market solutions and public funding converge to amplify the transformative work of CDFIs nationwide. #FinancialInclusion #ImpactInvesting #CommunityDevelopment

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Branches are a critical channel for community bankers - offering as Tom Bengtson states "something more than just an account, but an actual personal experience." To put it simply - branches matter, and counts are actually growing in many markets. One metropolitan market - Minneapolis - just gained a new First State Bank of Rosemount branch, as reported by BankBeat. Our #BancographyPlan data helps guide branching decisions by providing competitor profiles for any market. Read more analysis here: https://lnkd.in/enbvsQdc #AskAboutBancographyPlan #banks #branchbanking Laura Levie Jamie Eads Kimberly Clay

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"Clients don’t necessarily care how things work behind the scenes." – Daniel Son, U.S. Bank In a recent ABF Journal interview, Dan Son, SVP, Working Capital Finance at U.S. Bank and our Chairman, Mike Humphreys, explore how our partnership is delivering solutions that allow companies to extend payment terms without disrupting supplier relationships — a game-changer for businesses navigating today’s complex supply chain landscape. Curious about how we’re reshaping finance solutions? Read the full article here ➡️ https://lnkd.in/eYkmg627 SIMPLE, SCALABLE WORKING CAPITAL #SupplyChain #WorkingCapital

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🌍 Did you know that applying for an SBA loan with an International Trade Loan (ITL) component can significantly boost your chances of approval? The #SBA #ITL program offers a 90% loan guarantee to lenders, making them more likely to approve your application. This powerful financial tool helps small businesses secure funding for expanding export activities or modernizing operations. If you're looking to enter new markets or enhance your competitive edge, an ITL loan could be your gateway to global success. 💼💡 #InternationalTrade #SBAloans #SmallBusiness #entrepreneur

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We’re proud to announce our strategic alliance with pocketnest, a leader in digital innovation for financial services. This partnership marks a major step forward in empowering credit unions across the country to better serve their members. Together, CU WealthNext and Pocketnest are redefining financial wellness - making it more accessible, impactful, and aligned with the needs of credit unions members. Here’s to innovation and collaboration that drives lasting change. #FinancialEmpowerment #CreditUnions #WealthTech #Partnerships #Innovation

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🚨 New Episode Alert! 🚨 In the latest episode of "To the Point," I dive into one of the hottest topics in the financial world—how to navigate interest rate changes effectively. 💸 With the Fed's recent rate adjustments and future projections, there's no doubt that these changes will impact everything from bond markets to deposit competition. But how can financial institutions stay ahead and make the right moves? 🤔 In this episode, Neil discusses: 📉 The Federal Reserve’s rate projections through 2025. 💼 Strategies for managing deposit costs as rates decline. 🔍 Why it’s crucial to adjust pricing and have meaningful conversations with depositors. 📊 How campaigns and customized rates can help secure long-term success in this changing environment. Whether you're in senior management, customer service, or simply interested in economic trends, this episode provides actionable insights to stay competitive. Be sure to watch the last portion to get several specific initiatives. 🎬 Watch the full episode here: https://lnkd.in/gY3YYrTE How are you adjusting your financial strategies in response to interest rate shifts? #Finance #InterestRates #Deposits #Banking #Leadership #Economics #FinancialServices #Strategy

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"By embracing a people-first culture, ConnectOne Bank has been able to evolve and modernize in order to equip our talent for the future, despite what comes." Read more from President Elizabeth Magennis on how Building Tomorrow's Bank Begins with Building Talent: https://lnkd.in/e4cMXyu3

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Víctor shares some extremely sage insights that we as an industry should sit up and pay attention to: “ Credit unions have the values, the community focus, and the potential to lead the charge in financial health and inclusion. But to do so, they must be relentless in their pursuit of relevance. They must recognize that the young, multicultural market is not just another segment—it is the future”

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This is a great six-minute read on creating an empowerment culture for bank leaders. The four key elements are trust, open communication, support, and autonomy.

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