Likely benefiting from rising interest rates and a strengthening economy, net income at community banks increased 17.7% from first quarter of 2017 based on the FDIC Quarterly Banking Profile. (available at https://www.fdic.gov/bank/analytical/qbp/2018mar/qbpall.html).
Read More
The Federal Financial Institutions Examination Council (FFIEC) is releasing the customer due diligence and beneficial ownership sections of the FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual.
Read More
One of the first questions before beginning any type of statistical analysis is what data are included and how should the sample or samples be formulated and segmented. In previous posts, we have addressed various nuances in regard to regression modeling and how the inappropriate application of regression and modeling techniques to real world issues […]
Read More
With the proliferation of Fintech, even smaller community banks are exploring different forms of automation in the lending process in an attempt to improve speed and efficiency of their processes. As online lenders now expand into the once sacred ground of small business lending (traditionally been dominated by the community bank), there are pressures […]
Read More
The Federal Deposit Insurance Corporation (FDIC) is developing and testing a standardized export of imaged loan documents in an effort to streamline examination processes. This initiative is anticipated to improve efficiencies during onsite examination activities and provide additional opportunities for conducting examination activities offsite.
Read More
The deadlines for implementation of the new Current Expected Credit Losses (CECL) are fast approaching. The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation are inviting public comment on a joint proposal to address changes to U.S. generally accepted accounting principles […]
Read More
Economist Karl Popper referred to science as the “art of systematic over-simplification.” Indeed, if science is discovery and knowledge creation, that certainly cannot take place through “systematic over-complication.” Knowledge can only be created by that which is understood, and often the pathway there is through simplification.
Read More
The agencies have jointly issued an amended rule that increases the current appraisal threshold for commercial real estate (CRE) transactions from $250,000 to $500,000.
Read More
The Federal Financial Institutions Examination Council (FFIEC) has announced an update on the status of its Examination Modernization Project.
Read More
It is important to bear in mind when conducting regression analysis for fair lending that models must be fit to data.
Read More