Thursday, May 23, 2019

Week of May 6

In This Issue…

OBA brings back compensation survey

The OBA is partnering with Blanchard Consulting Group to offer the 2019 Salary and Cash Compensation Survey, with specific reporting on Oklahoma banks.

This survey focuses on gathering salary and cash compensation (salary plus annual cash incentive/bonus) data for approximately 20 executive positions and over 100 middle management and staff level positions. In addition, the survey provides information on actual bonuses paid (as a percent of salary) as well as the earning opportunity level positions eligible to earn under a performance-based cash incentive plan. Under this new format, position descriptions for lending include guidelines related to portfolio size to better clarify the classification and, ultimately, utilization of report data.

This data can be used by human resource professionals to assist in assessing the competitiveness of base salary for most positions in your bank, developing or managing salary grades, and making salary increase decisions. In addition, this survey provides information on the amount of annual cash incentive/bonus amounts paid to all positions throughout the bank. Data cuts will be broken out by asset size and region (coast, non-coast and Oklahoma) when we have a large enough sample size.

Below is the pricing for the 2019 Salary and Cash Compensation Survey results (survey findings will be provided via email in PDF format):

  • OBA Member & Participant: $300.
  • OBA Member & Non-Participant: $600.
  • Non-OBA Member & Non-Participant: $800.

To complete the survey, please click on the link below. Download the excel file and email the completed survey to surveys@blanchardc.com by June 21. 

2019 Salary and Cash Compensation Survey Link (OK)

If you would like to pre-order your copy of the survey or if you have any survey questions, please contact Laura Roth at surveys@blanchardc.com or 612-886-1225.

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FFIEC requests comment on proposed Call Report changes

The Federal Financial Institutions Examination Council has requested comment on proposed revisions to the Consolidated Reports of Condition and Income (Call Report). These revisions include new reporting requirements that are associated with the agencies’ recently proposed Community Bank Leverage Ratio and are intended to apply to all FDIC-insured banks and thrifts with less than $1 billion in total assets.

According to the FDIC, these proposed Call Report revisions also address proposed amendments to the agency’s regulations that would apply the CBLR framework to the deposit insurance assessment system.

The comment letters are due June 18.

Click here to read the Financial Institution Letter from the FFIEC.

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2019 OBA Convention ready for registrations

Check out the Adobe Spark-rendered page below to learn more about the upcoming OBA Convention and to get registered!

(No time for fancy webpages and simply want to get to the registration page and brochure? No problem: click here!)

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OBA education corner …

(Sniff … Sniff) Hmmm, smells like spring storm season. Do you have your storm shelter cleaned and out ready? One thing that’s ALWAYS ready is OBA continuing education for bankers – get signed up for an event! And we’ll always keep an eye our for Oklahoma thunderstorms while you’re here!

Take note of the following:

  • Opening Accounts for Marijuana-Related Businesses, May 15, webinar — Thirty-three states now have marijuana statutes of some sort. Are you going to bank this industry? How will you bank this industry? What is going on at the federal level? All of these questions will be addressed during this program on how to bank marijuana-related businesses (MRBs) and the risk it entails.
  • Handling Loan Applications – What Can Go Wrong?, May 15, webinar — Join this fast-paced webinar to understand the application process with step-by-step instructions and actual examples that explain the requirements of several confusing regulations in terms that are easy to understand.
  • Call Reports: RC-C Loan Coding and Related RC-R Reporting, May 17, webinar — Learn when to code the loan based on borrower, when to code based on collateral and when to code based on purpose.
  • Call Center Training, May 20, webinar — This webinar will focus on the customer service aspects of Call Centers, rather than software or technology.
  • BSA for Lenders, May 21, webinar — This program will assist your bank in determining whether your BSA Compliance Program adequately includes controls, such as training, policies and procedures, monitoring, etc for loan products in addition to deposit products.
  • Third Party and Fourth Party Management, May 22, webinar — This will explore best practices for Vendor Management, Third Party Risk Management, Fourth Party Management and Customer Risk Management.
  • CRE Lending, May 23, webinar — This program covers the key variables and concepts for determining CRE cash flow and transaction-level stress-testing.

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