Current banking conditions remain “mostly stable, but there are concerns over the longer term given current economic conditions,” members of the Federal Reserve’s CDIAC said during a meeting that took place earlier this year, according to newly published minutes.
Customers are taking notice as community banks partner with financial technology companies to offer digital banking services, according to a survey released today by digital payments firm Grain Technology.
A new survey of more than 100 top executives at community and regional banks and credit unions found that a majority list growing loans as their top strategic priority.
The latest issue of the FDIC Quarterly explores loan performance at community banks in five manufacturing-concentrated states: Indiana, Kentucky, Louisiana, Michigan and Wisconsin.
To help community banks successfully implement the current expected credit loss accounting standard, the Federal Reserve next week will launch a second tool, the Expected Losses Estimator.
The index, formed in 2003, includes 288 community banks and represents all Nasdaq-listed banks and savings associations except the 50 largest banks.
FDIC-insured banks and savings associations earned $59.7 billion in the first quarter of 2022, a 22.2% decrease from the year prior, the agency reported yesterday in its Quarterly Banking Profile.
The FDIC has appointed seven new members to its Advisory Committee on Community Banking. Twelve of 19 on the panel are with ABA member banks.
FDIC-insured banks and savings institutions earned $63.9 billion in the fourth quarter of 2021, a 7.4% increase from the year prior, and full-year net income increased 89.7% to $279.1 billion, the FDIC reported today in its Quarterly Banking Profile.
Federal Reserve Governor Michelle Bowman, who holds the designated community bank seat on the board of governors, will speak during ABA’s Conference for Community Bankers, taking place Feb. 20-22 in Palm Desert, California.