Community Banker Guy
@commbankerguy
Community Banker sharing insights and dropping jokes. Surviving this Fintech universe.
Hit 8k followers today. Appreciate every last one of you. I learn so much from everyone. Hope my feed is helpful and makes you think. Let’s get to 10k!
Let’s have some fun: 50bps cuts through year end. Curve steepens. NIMs expand. More bank M&A comes from older management teams finally giving up. Secondary Mortgage departments die off. More in house products advance.
Look at him That’s my quant My quantitative
So the rumors were finally true. PNFP and SNV. Chaos will commence in the southeast.
If you are a restaurant/bar/retail owner and you move your equipment collateral to another location, and your lender asks you to redo the collateral docs for proper perfection, don’t complain about the costs. You should have thought of that before you did it.
How do you perfect crypto for a loan?? I’m being serious.
The world has changed. Boomers will forever inflate prices bc they are the most selfish gen ever and can’t feel pain for the better of their kids/grandkids. Literally allowed the government to use $9 trillion to inflate prices. What do you expect young people to do? Hold cash?
A lot of young people have never lived through a major down cycle, and some people seem to have forgotten. And they happen, and no one can tell you how bad it will get or how long you may need to hold on. If you are leveraged, overleveraged, I hope you are hoarding cash to…
To my regulator and auditor friends, if you are going to downgrade a credit for one down year, when a borrower has deposits at your bank, you are a buffoon.
Just came across the owner raffling off a house and coming away with more cash than trying to sell. Hilarious and fascinating idea. 💡
60% of our CD book is maturing in next 2 quarters. Should we go long or short ??
Visualize everything around you is trying really hard to take your hard earned money away from you. The bars/restaurants, subscriptions, stores, hotels. Guard it from them and Don’t let them take it all.
What’s one piece of life advice you believe that would have people doing this?
My coffee has gone up but my eggs are down substantially.
CPI Select Food at Home Items (3M Annualized Percent Change)
In a world that drowns you in data where you can’t see up from down, this is one I focus on a lot.
First two weeks of July & US employment incomes are.... en fuego 🔥🔥🔥
Love it
Bank API recommendation. As a banker my objective is to drive consumers to my domain. I want them to visit the online bank so I can add value (and cross sell). Customer permission for every request should be managed thru the bank app. If PayPal or Quicken want my real time…
We had a hotel with cash flow under water mature. We offered up a year to get the cash flow improved which it hasn’t after 12 months. We offered a renewal for another 12 months with a 10% curtailment. Borrowers postured for weeks that they were going to move loan. Maturity is…
I hear about the First Republic service all the time. Can more of you share what they did so well??
When I moved to the West Coast, First Republic was offering this program but I had paid off my debt by that time. FRB also offered special 5-year loans to late stage startup employees at rates ~2% above Treasuries. Basically a HENRY product.
Do you agree or disagree? Given the financial picture for anyone under 35, products and services of a community bank don’t meet the need of 90% of consumers under the age of 35.
If the treasury is trying to reduce duration on their liabilities to allow Fed to cut rates, should every bank in the country be doing it as well as their CD books renew??
Foreclosure results in my area: 10 bidders on a $1.5M (tax card) former daycare facility. Rough condition. 2 acres, 7,000 sq ft. Final bid: $675,000
Why doesn’t the cores and Apple come up with a pay by bank (ACH) or RTP option protected by a private key?