Pub. 2 2022 Issue 6

I’ve spent the past two decades analyzing and developing predictive credit models for decision-making in loan originations. While it’s a passion of mine, I don’t expect everyone to spend as much time considering BHG Financial’s loan origination process as I do. Nonetheless, it’s a fascinating exercise when one considers all the science, technology, data, and

Webinars Tues., Jan. 3, 202310:00 am – 11:30 amFinal ATR/QM Rules: Guidance, ATR Options & Policy Update Wed., Jan. 4, 2023 10:00 am – 11:30 amAdvanced Issues in Dormant Accounts, Unclaimed Property & Escheatment Thurs., Jan. 5, 2023 10:00 am – 11:30 amThe ABCs of RDC Tues., Jan. 10, 20232:00 pm – 3:30 pmProtecting the

What happens if two or more individuals in your financial institution collude to commit fraud? According to the Association of Certified Fraud Examiners (ACFE) 2022 Report to the Nations, fraud losses rise precipitously. The median loss for a scheme involving just one perpetrator is $57,000, but when two or more perpetrators are involved, the median

“Cybersecurity concerns, once again, dominated a list of internal risk issues, with 65% of respondents indicating it was extremely important. Cybersecurity also ranked as a top risk in current and future technological challenges.” After several years of pandemic-related internal and external challenges, the nation’s community bankers have largely turned their focus to traditional concerns related

Contributors to the MIBA Political Action Committee are recognized for their generosity on the Association’s website and at the MIBA Annual Convention and Exhibition. Different levels of contribution have been set to recognize supporters of our Political Action Committee fund and to make the Association’s membership more aware of this important facet of our work on behalf of the political agenda of community banks across Missouri.

Every business in America is dealing with the challenges of inflation. However, few think of technology as a means to help fight the impact. Below is a simple list of things every business can do to fight inflation with technology. Inventory your software/applications. Too many businesses are paying for subscriptions or maintenance on software that

The word “rally” can be used for a number of purposes and in different contexts. For instance, it could mean a long-distance auto race over varying surfaces involving stages and checkpoints. It could mean a gathering of supporters to generate enthusiasm and momentum for an individual or cause; we’ve seen plenty of these during this

Mid America Bank Promotes Koetting and Sweezer Mid America Bank has promoted Jacqueline Koetting to AVP, Regional Retail Manager, and Carl Sweezer to Market President – Jefferson City. Jackie Koetting has been in banking for over 20 years, serving in various roles, most recently as Branch Manager of Mid America Bank’s Wardsville branch. In her

“While technology will help make your staff more efficient, you’ll also need to hire or train specialized cannabis bankers who have a deep understanding of the industry. “ A few weeks ago, Missouri voters approved a ballot measure legalizing adult-use cannabis, joining 20 other states with similar legislation. The law went into effect on December

The 2022 Women In Banking Conference was held on November 16-17 at the Doubletree by Hilton in Chesterfield. Attendees had a chance to network with fellow bankers and learn from a panel of amazing speakers A big thanks to our sponsors. We hope to see you at our next event. For more information, please visit www.miba.net.

The FDIC Directors College was held on Oct. 18, 2022 at The Courtyard by Marriott in Columbia, MO. Attendees had the opportunity to network with their fellow bankers and learn from an outstanding line of speakers. We hope to see you at our next event. For more information, please visit www.miba.net.

MIBA sat down recently with Tammy Kilgore to discuss banking, our association, and life in general. She is presently Senior Vice President of farmbank and is a licensed CPA in Missouri and Nebraska. For 30 years, she has been married to her husband, Steve (who, for 45 years, has owned and operated a Black Angus

“Learn your core banking system better than others and become the leader in your area. Even if you aren’t the supervisor or manager, be a leader.” What is your background in the financial industry? I have been in the financial industry for 14 years. Before that, I worked in the retail business as a regional

I have said many times in this magazine and other publications that when the world shut down in 2020, governments, businesses, and everyday people turned to the banks for stability. The government asked you to facilitate the PPP program, and businesses asked for flexibility as they navigated the unknown. Well-run and well-capitalized banks were able

Around the country, banks and other financial institutions are doubling down on cybersecurity efforts in order to protect against a recent spike in destructive attacks, ransomware, and “island hopping” – a type of hack that involves attackers exploiting the weaknesses of small businesses to move laterally to target larger organizations. Financial institutions cannot ignore this

As this was written, the November 2022 mid-term election was underway. With a U.S. Senate seat, State Auditor, all Congressional seats, 17 of the State Senate’s 34 seats and all 163 State House of Representatives seats up, there were many moving parts this election. Further complicating this election cycle, 2022 was a re-apportionment year, meaning

Digital transformation. Those words have been bandied about with increasing fervor, fueled by a heightened sense of urgency. Yet, while the digital movement has increased pace, it’s more of an evolution than a revolution. When I think about this concept of “going digital” in our industry, I’m struck by the fact that it’s a continual

We’ve been working toward a faster payments future for a decade now, and we’re finally seeing the fruits of our labor: the launch of FedNow. Our efforts to encourage the Fed to offer an instant payments solution have led to this result; it was our voices that expedited FedNow’s time to market, with the Fed updating the original timeline
due to our focused advocacy efforts. By
mid-2023, we will be able to begin offering this solution to our customers.

The end of the year is fast approaching; looking back, it has been a busy year for Community Banks in Missouri. Competition, the Federal Reserve and inflation, and regulatory and legislative issues heavily impacted our banks this year. It has been an interesting year, with many changes and new issues. Missouri’s Community Banks have navigated these issues nimbly while serving those on Main Street better than anyone else.

In science class, we were taught that pressure is the application of force against an object. As bankers, we think about pressure as it relates to interest rates versus our deposit rates. Today, bank presidents, CFOs, and other risk managers across the country are focusing on the impact of deposit rates to their cost of funds, net interest margin, and net income. In Asset/Liability Committee (ALCO) lingo, we refer to the deposit “beta” to describe the relationship between deposit rates and their sensitivity to the change in short-term interest rates. A higher deposit beta means higher rates, which lead to higher interest expenses and lower margins.