Thursday, October 21, 2021

Week of Feb. 25

In This Issue…

Oklahoma banking industry continues strong reports in fourth quarter
Registration open for 2019 Community Bankers Leadership and Senior Management Conference
OBA Bankers’ Night Out programs ready for spring
OBA education corner …

Oklahoma banking industry continues strong reports in fourth quarter

Recently, the FDIC released its fourth quarter report showing FDIC-insured institutions reported aggregate net income in the amount of $59.1 billion, up $33.8 billion, or 133.4 percent, over last year at this point in the year. According to the agency, this increase in earnings came as a result of higher net operating revenue and lower income tax expenses.

According to the FDIC press release, 5,406 institutions insured by the agency – more than 70 percent – reported year-over-year growth in quarterly earnings.

At right is the chart from the FDIC showing the graph of quarterly net income.

The FDIC also reported that the nation’s 4,979 insured community banks reported net income of $6.8 billion, which is up 65.1 percent over last year at this same time.

“The banking industry continued to report strong results,” FDIC Chairman Jelena McWilliams said. “Growth in net income was attributable to higher net operating revenue and a lower effective tax rate. Loan balances expanded, net interest margins improved, and the number of ‘problem banks’ continued to decline. Community banks also had a strong quarter, with annual loan growth and a net interest margin that exceeded the overall industry.”

“Low-interest rates and an increasingly competitive lending environment have led some institutions to reach for yield, and the recent flattening of the yield curve may present new challenges in lending and funding. Therefore, banks must maintain prudent management of these risks in order to support lending through this economic cycle.”

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Registration open for 2019 Community Bankers Leadership and Senior Management Conference

The Oklahoma Bankers Association 2019 Community Bankers Leadership & Senior Management Conference is scheduled for April 7-9 at the Sheraton Grand at Wild Horse Pass in Phoenix, Arizona.

One of the key benefits of the conference will be talking to your peers. Attendees at the OBA 2019 Community Bankers Leadership & Senior Management Conference will be surrounded by those with similar titles, similar workloads, similar problems and likely solutions to issues that can be just as similar.

If you have any questions or want to get signed up, contact the OBA’s education department at 405-424-5252, or download a brochure and registration form by clicking here!

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OBA Bankers’ Night Out programs ready for spring

The dates for the OBA Bankers’ Night Out programs have been finalized. Mark your calendar for the date of the program that’s in your area of the state and plan to attend. Bring your coworkers with you so that everyone can be up to speed on topics affecting their job. In addition to state and federal legislative updates, the program will include a discussion on the recent developments regarding hemp.

As in the past, the schedule for each of these meetings is:

5:30 p.m. – Drinks
6:15 p.m. – Program
7 p.m. – Dinner

PRE-REGISTRATION IS REQUIRED. The cost is $50 per person. Click here for a registration form.

Locations and dates for this year’s events are:

  • Lawton, March 26.
  • Tulsa, March 27.
  • Oklahoma City, April 17.
  • Krebs, April 18.
  • Enid, April 23.
  • Guymon, April 25.

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OBA education corner …

Will warm weather EVER get here and STAY?! Even if it’s a few weeks away, one thing that’s ALWAYS around the corner is another OBA education offering! Take note of the following:

  • ACH Origination and Same-Day Entries, March 5, webinar — In this session, we are going to review the general origination warranties and then review the most used Standard Entry Class (SEC) Codes.
  • Cash Management, March 5, webinar — During this two-hour webinar, you will gain a more in-depth knowledge of cash management (aka treasury management) products and services.
  • Commercial Construction Lending, March 6, webinar — This program provides an overview of the key steps involved in effectively administering commercial construction loans.
  • Consumer Real Estate Loans, March 7, webinar —This webinar will help you tame those scary real-estate-loan problems and will be particularly helpful to bankers wanting to offer consumer real-estate loans for the first time in several years.
  • Quarterly Compliance Briefing, March 8, webinar — This program presents a quarterly update that will address new items to be aware of, deadlines and make sure you have the information you need to keep your financial institution in compliance.
  • Call Report Seminar, March 12, Oklahoma City — The Call Report Preparation seminar will help preparers and reviewers understand the preparation process and eliminate errors.
  • 2019 Branch Managers School, March 13, Oklahoma City — Developing leadership at the branch level is what the OBA’s Branch Manager School is all about!
  • E-Sign for Lending, March 13, webinar — This informative session will be helpful to ensure compliance with e-banking and is targeted for Compliance officers, Lending staff and Loan operations, Operations Managers, and others responsible for managing online banking, E-SIGN compliance, e-statements, and e-disclosures.
  • RESPA, March 13, webinar — This program reviews the RESPA/Regulation X rules that prohibit unearned fees and kickbacks and many of the recent consent decrees brokered by the CFPB.
  • Deposit Reg Training, March 14, webinar  — During the webinar, each regulation will spotlight the front line issues and how to handle them. This webinar will help your staff determine if we are in regulation and if so to determine the course of action.
  • FFIEC Info Sec Handbook, March 14, webinar — The Handbook focuses on the governance, culture, and responsibilities to make Information Security Programs successful.
  • Handling Deceased Accounts, March 18, webinar — This webinar is designed for customer service representatives, branch administration, branch managers, tellers, training and development staff, compliance personnel and anyone who handles customer accounts.
  • Right of Setoff, March 19, webinar — Successfully using the right of setoff can protect your financial institution from significant financial losses.
  • 2019 Technology Conference, March 27, Oklahoma City — This conference will help bankers keep in touch and understand the latest offerings in the IT world.
  • 2019 Woman in Banking Luncheon, March 28, Oklahoma City — The 2019 Women in Banking Luncheon will feature guest speaker Natalie Bartholomew and include discussions about women in banking.

Also, GSB-Madison has its schedule for online seminars set for March through May. Click here to see what GSB-Madison has in store for March and Click here to see what GSB-Madison has scheduled for April and May!

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