Home I GBA University I Member Services I Volunteers I Government Relations I Calendar of Events I May 27, 2011
Notice of Georgia Bankers Association Annual Meeting
Edwards Kryder Whaley Chitty
As stated in GBA’s bylaws, the annual meeting is held at a time and place set by the GBA Board of Directors. Consistent with past tradition, this year’s annual meeting will be held in conjunction with the 2011 Annual Convention. The meeting will begin at 12:00 noon, June 20, 2011, in the Astor Ballroom of the St. Regis Hotel in Atlanta. At this meeting, the statewide officers of the association will be elected and awards will be presented to bankers who have served the industry for 50 years. The slate of officers are: Chairman-elect, Jim Edwards, United Bank, Griffin and Vice Chairman, Stan Kryder, Midtown Bank & Trust, Atlanta. Chairman Rick Whaley, Citizens Bank of Americus will automatically serve a full year term beginning July 1, while Ray Chitty, Guardian Bank, Valdosta will enter his third and final year as GBA Secretary/Treasurer. Each GBA member is entitled to cast one vote at this meeting. Click here to register for the 2011 Annual Convention, or contact Joe Brannen at 404.420.2026 with questions about attending just the annual meeting.
The FDIC this week sent out a financial institution letter reminding all banks that if they modify the terms of a demand deposit account on or after July 21 so that the account may pay interest as allowed by the Dodd-Frank Act's repeal of Regulation Q, the bank must notify affected customers that the account no longer will be eligible for unlimited deposit insurance coverage as a noninterest-bearing transaction account. Read more about that here...
Learn more about the Reg. Q changes at the Regulation Q Repeal Webinar June 1. Click here for details about that event and to register online.
Georgia's banks as a whole reported improved earnings and performance measures during the first quarter of 2011, according to the FDIC this week. The quarterly banking summary for the state includes a 76 percent improvement in net income over the same quarter in 2010, a higher overall percentage of profitable institutions, strong deposit growth, and continued asset-quality improvement. "Two words sum up the statewide banking results for first quarter 2011: much improved," said Joe Brannen, GBA president and CEO. "More than 3 of every 5 Georgia banks were profitable in the quarter. Just about all significant performance measures improved compared to the same period last year and from the previous quarter. A majority of the state's banks are stable and poised to return to positive earnings as the economy improves further." To show long-term trends, the information in the chart below is a cumulative, year-to-date summary through the end of each quarterly reporting period for the past year, and the national numbers are year-to-year comparisons.
At the national level, industry earnings improved for the seventh consecutive quarter, according to the FDIC's Quarterly Banking Profile. The industry reported an aggregate profit of $29 billion in the first quarter of 2011, an $11.6 billion improvement from the $17.4 billion in net income the industry reported in the first quarter of 2010. The Deposit Insurance Fund balance - the net worth of the fund - improved from negative $7.4 billion to negative $1.0 billion during the first quarter. The contingent loss reserve, which covers the cost of expected failures, fell from $17.7 billion at year-end 2010 to $13.8 billion at March 31, the lowest reserve since the third quarter of 2008. The DIF's liquid resources - cash and marketable securities - remained strong at $45.5 billion at the end of the first quarter, about the same as the year-end 2010 level. With questions, contact David Oliver, 404.420.2036, or Joe Brannen, 404.420.2026.
Loans and leases, gross
% of unprofitable institutions
Cost of funding earning assets
Net interest margin
Loss allowance to loans
Noncurrent loans to loans
Equity capital to assets
Total risk-based capital ratio
Net charge-offs to loans
Rooms at the St. Regis Are Sold Out But We've Still Got Lodging Deals!
We expected a great crowd to attend the 2011 Annual Convention and we sure have that--rooms at the St. Regis, Atlanta have sold out. But we've got some good, nearby hotel options. GBA has secured a block of rooms at the Grand Hyatt in Buckhead at a reduced rate of $219 per night. You can make reservations by calling the hotel directly at 404.237.1234. We have also secured additional rooms at the Embassy Suites in Buckhead at a reduced rate of $139 per night. To make your reservations, please call the hotel directly at 404.261.7733. Be sure to let both hotels know you are with the Georgia Bankers Association to receive these rates. The 2011 Annual Convention is scheduled for June 20-21 at The St. Regis, Atlanta. With questions about the hotel or Convention in general, please contact GBA’s Susie McGehee at 404.420.2010.
If your bank has recently had a compliance exam, you know the scrutiny you’re under to not just comply, but to have your documentation match your hard work. We encourage our member banks to participate in a conference call being hosted by the Atlanta FDIC office entitled “Managing Your Bank’s Fair Lending Program Risks.” The call is set for Thursday, June 16, 2011 at 10:00 am. The presentation is designed to cover potential fair lending risks and how to manage those risks. Some of the potential fair lending risks to be discussed are pricing, underwriting, marketing/advertising, steering, and redlining risks, as well as risks associated with age-based deposit accounts with credit features, and spousal signature/guarantee and intent to apply jointly requirements. The speakers will discuss each of the potential risks and provide you with information that can assist financial institutions in mitigating those risks. The effect of evidence of discriminatory credit practices on a financial institution’s compliance and Community Reinvestment Act ratings will also be discussed. The 90 minute call will include a question and answer session. The call is open to FDIC-supervised institutions (state nonmember banks) in the Atlanta Region. Bank directors, officers, and staff members are welcome to participate. Participants may call in from any location and are not required to be onsite at their institution. Click here for more information about the call and registration instructions. For more information, please contact Case Manager Angie Baker at 678.916.2194 or email@example.com.
The Dodd-Frank Act-mandated merger of the OCC and OTS is scheduled for July 21. In preparation, the OCC this week issued proposed rulemaking dealing with several administrative issues, as well as a single system for thrift and national bank assessment methodologies, rates, fees, and payment due dates. Of note, thrift assessments due July 31, would be deferred until Sept. 30. And, there are a number of preemption-related amendments proposed. We'll be studying all this for comment, so give us your thoughts you'd like us to share. The proposed rule is published in the May 26 Federal Register, and comments are due by June 27. Click here for more information from the OCC.
With questions, contact Joe Brannen, 404.420.2026, or Elizabeth Chandler 404.420.2027.
GBA's Community Bankers Committee met this week in Atlanta to discuss key issues and plan the 2011 President/CEO Conference. The conference agenda is taking shape with a focus on specific information and insight about ongoing community bank viability, innovation and recovery, capital planning and growth strategies, a regulator panel and an economic overview. Stay tuned for full details as we lock in speakers and panelists. The 2011 GBA President and CEO Conference is Oct. 9-11 at the Lodge, Reynolds Plantation. Also at the Committee meeting, Steve Pleger, senior deputy commissioner, Georgia Department of Banking and Finance, and the Committee shared lessons learned during this cycle of stress on our industry. Lessons ranged from the need for maximum flexibility from regulators to taking great care in managing portfolio concentrations and risk management procedures, among other things. We appreciate the volunteer bankers for serving on the Committee, and Steve for sharing his time and insight with our member bankers. Check out some scenes from the meeting right here. With questions, contact Joe Brannen, 404.420.2026,or Susie McGehee at 404.420.2010.
Bank Trainers from around the state met May 19 in Macon. Chris DiLorenzo, President of The James Paul Group, Duluth addressed strategies for recognizing training opportunities through observations and interviews, product knowledge testing and post-training evaluations and measurements. The meeting wrapped up with an open forum discussion about topics provided by bank trainers. You can check out scenes from the meeting here. Learn more about all the GBA Peer Groups or sign up for one right here. If you would like to know more details about any group please contact GBA's Alison Moreau at 404.420.2034.
According to the May 2011 LexisNexis Mortgage Asset Research Institute report; Georgia is no longer ranked in the top ten for mortgage fraud and has a Mortgage Fraud Index (MFI) of 66 which is well below the MFI industry baseline of 100 for the first time in over a decade. Georgia led the nation in mortgage fraud in 2003 with an MFI of 506 at which point, the DBF instituted a risk-based examination program. “We are extremely pleased to receive such positive news,” stated Department of Banking and Finance (DBF) Commissioner Rob Braswell. Read the full release from the GA DBF…
The Dodd-Frank Wall Street Reform and Consumer Protection Act made a sweeping change to deposit laws by repealing Reg Q, which allows banks to pay interest on demand accounts such as checking accounts. How will banks fund the additional interest expense? The potentially unexamined surge of deposits will impact community banks in many areas such as:
Sweep account management
Marketing and sales programs
Deposit operations, including core and platform systems
FDIC premium costs
We are suggesting that your bank develop a company-wide deposit product strategy that includes a review of current products, new product development, project planning for operational and systems changes, overhauling marketing and sales programs and customer communication. The Regulation Q Repeal Webinar on June 1 is going to help you do that with expert instruction from Lyn Farrell and Susanna Tisa, Managing Directors, Treliant Risk Advisors, LLC. The registration fee is $250 per site license. Click here to register online. With questions or to register, please contact GBA’s Courtenay Pope at 404.420.2015.
Call Reporting Seminar - June 2
This one-day seminar will be presented by Mauldin & Jenkins, LLC, Atlanta, and is scheduled for June 8 at the Idle Hour Country Club in Macon. Designed for CFOs, operations officers and anyone responsible for preparing call reports, this seminar will offer practical techniques to improve your overall reporting process. Participants will get a detailed, line-by-line review of how to complete each schedule of a call report. Registration is $225 for members and $175 for any additional registrants from the same institution. Click here to register online. With questions or to register by phone, please contact GBA’s Courtenay Pope at 404.420.2015.
GBA will host the BSA Training for Bank Employees Webinar on June 30. This webinar provides an "ABC" approach to BSA training, and addresses the important elements of a BSA compliance program such as CTRs, SARs, CIP and OFAC. In addition, a 10-question BSA Quiz will be provided in the training material. Steve Moore from Compliance Training Services will lead this webinar. The registration fee is $149 per phone line and $99 for any additional lines. Click here to register online. With questions or to register by phone, please contact GBA’s Courtenay Pope at 404.420.2015.
With the anticipated rise in interest rates, this program provides a solid foundation to develop loan policies and procedures that competitively meet commercial borrower needs by using interest rate swaps to make competitively priced, long-term fixed-rate loans without assuming the interest rate risk. Using a live loan example, Chad McKeithen from FTN Financial will review loan hedging definitions, mechanics and procedures and all other information needed to implement a successful loan hedging program.Other agenda topics will include hedging basics, executing swaps with commercial borrowers, fee income opportunities, proper accounting/documentation, and a regulatory update. The registration fee is $99 for the live session. Click here to register online. With questions or to register by phone, please contact GBA’s Courtenay Pope at 404.420.2015.
We want to make sure we keep putting the "you" in GBA-U. If you have an idea for in-person seminar, it's likely GBA can design something based on your suggestion. Send our GBA-University staff an e-mail with your ideas. Be sure to tell us how you'd prefer to get the training such as through a keynote speaker, panel discussion, or group breakout sessions and a reasonably convenient location suggestion. Or, you can fill out and fax back this form to 404.524.8680.
There's plenty of good programming on the agenda, already, though. GBA-U will soon host the following in-person seminars. Be sure and check back for additional in-person seminars added to the Calendar. For more details and registration information about any of the seminars you're interested in, check the Calendar of Events online at www.gabankers.com
With questions or details, please call GBA's Courtenay Pope at 404.420.2015.
A GBA Webinar is a great way to quickly get the training you need right from the comfort of your office. Here’s a sample of upcoming offerings. Check the Calendar of Events for any webinars you're interested in at www.gabankers.com.
Regulation Q Repeal - June 1
Roth IRA's and Conversion - June 7
Tax Returns for Residential Loans - June 7
Working A Branch Business Plan - June 8
Regulation O: Lending to Insiders - June 9
All webinars are live and allow time for questions and answers. The $255 registration fee gives you access to one web site “seat,” one telephone site license and all handout materials. If you can’t attend the webinar, you may buy the audio CD, handout materials and a password to see the information online. With questions, please call GBA’sat 404.420.2015.
Here are the instructor-led AIB online classes offered the month of June. These courses are instructor-facilitated with weekly assignments and can be taken from your home or your office. All you need is a computer, printer and Internet access. (Classes with an asterisk * require Microsoft Excel Software.) Please register two weeks in advance to secure a seat in the class.
General Accounting*, 16 weeks, $505 - June 13
Introduction to Agricultural Lending, 8 weeks, $395 - June 20
Managing the Bank’s Investment Portfolio, 5 weeks, $625 - June 20
Principles of Banking, 16 weeks, $425 - June 13
Principles of Banking Accelerated, 10 weeks, $355 - June 20
There is still availability in the following AIB Online class beginning May 30. Please register as soon as possible to secure a seat in the class.
ABA Online Review Course for the CTFA Exam, 12 weeks, $795 - May 30
Participate in the Annual GBA Salary Survey to Gauge Proper Compensation Amounts, Policies
It is time again for the annual Georgia Bankers Association Salary Survey, and we need your help to ensure maximum benefit to all participants. We encourage every GBA member bank to participate so we can ensure a broad-based representation of the banking industry in Georgia. The more members that participate, the better data you and other banks have to help structure your compensation programs in the most competitive, cost efficient and effective ways to attract and retain top bankers. Participation in the GBA Compensation and Benefits Survey provides access to the richest market compensation database available for Georgia banks and allows you to control expenses, protect key employees and compare your compensation strategy against your primary peers and competitors. Data analysis is available by asset size and geographic region or by request by custom groups or county clusters most relevant to your bank’s market and strategy. If you participated in the survey last year, you will find participating this year even faster and easier. Choose to “Register as a Participant From Last Year,” to pre-fill your last year’s Benefits information. You can participate in the Benefits or "Non-Salary" portion and “Salary” portion sections of the survey online by clicking here. The deadline for submitting the information is July 1, 2011.Please contact GBA’s Kenyetta Parks at 404.420.2035, to request hard-copy survey or with any questions.
Registration for the ABA’s Lights, Camera, Save! video contest opens today. This year's contest will incorporate a few changes suggested by 2010 participants, including no limits on number of students in a video and an option to submit videos via YouTube. Training webinars will be held on July 14 and 19. While banks can begin marketing this summer, the contest period when students can submit videos will be from Oct. 1 – Nov. 1.
And hey GBA Associate Members and Strategic Partners, can you help fund this year's Lights, Camera, Save! video contest? The foundation is seeking a few, good sponsors for Lights, Camera, Save! 2011. Sponsors will reach more than 15,000 bankers through recognition in the Spirit of Banking publication and during the Lights, Camera, Save! training webinars. Sponsor's logos will also be posted on the Teach Children to Save web site and the Teach Children to Save You Tube channel. Please contact the ABA’s Laura Fisher if you'd like to be a sponsor or know a vendor that might be interested.
Georgia Bankers Association member banks have the opportunity to increase customer loyalty and attract new business with greater ATM convenience. Formed in 1997 and a Strategic Partner of the GBA, InterCept Switch was designed to level the playing field for customers of smaller financial institutions with those of larger banks that may have larger ATM networks. InterCept Switch offers a surcharge-free ATM network that allows community financial institutions to waive surcharges for member customers while retaining the ability to surcharge non-member customers. InterCept Switch is a powerful marketing tool for institutions that join the network. For more information, please contact InterCept Switch's Steven Roberts at 770.248.9600, or GBA's Bogan Brannen at 404.420.2014.
Reliance Trust Company, headquartered in Atlanta is one of the largest independent trust companies in the country with more than $81 billion in assets under management and administration and a leading provider of personalized financial services for individual, corporate, and institutional clients. Reliance can add fee-based revenues through financial
advisory services to individual and business customers, directors and bank employees. Services include:
Wealth Management and Personal Advisory Services
Separate Account Management
Money Manager Consulting
Trust and Fiduciary Services
Financial, Estate, and Tax Planning
Retirement Plans and Investments
Outsourcing Services to Financial Intermediaries
Find a Job, Post a Job with GBA Job Bank
The Georgia Bankers Association offers free job posting resources for our member banks. These listings can be viewed online or through our bi-weekly publication included in the GBA Bulletin. Resume postings are also available. For more information, please call Kenyetta Parks at 404.420.2035.
Read All About It: Send Us Your News
Please remember to include the Georgia Bankers Association on the list of recipients for announcements about promotions, new employees and special recognition your bank has received. We want to share your news with your colleagues across the state. Please forward your announcements and photos to GBA's David Oliver and Bogan Brannen.
Albany - Flint Community Bank
Our sympathies to the family, friends and colleagues of bank board member, Wendi Martin who recently passed away.
Atlanta – State Bank and Trust Company
Dan Duchnowski has joined the bank as Vice President and Client Care Senior Officer.
Atlanta - SunTrust Banks Inc.
Eric Brewer has joined the company as Executive Vice President and head of treasury and payment solutions.
Augusta - Georgia Bank & Trust
Monique Bowen has joined the bank as the Office Manager at the Fury’s Ferry office.
Columbus - Synovus Financial Corp.
Catherine Cantey, David Ascher, Randall Lunsford and Kevin Gibson were appointed to the company’s expanded treasury management group. Kenneth Richey will direct the team.
Pelham - Pelham Banking Company
Congratulations to our first Georgia-based ABA Bank of the Week, Pelham Banking Company, Suzanne Anderson, President & CEO (and a GBA Board member). In an effort to help combat area high school drop-out rates, the board of directors late last year pledged to award $100 to each student that graduates after four years at Pelham High School. At the time, there were approximately 130 students expected to enroll in the high school, making the bank’s commitment around $13,000. The bank kicked off the 2010-2011 school year with a pizza party, sending personal invitations to each child and bank employees have since “adopted” students, regularly sending hand-written notes encouraging them in their studies, and visiting the school to speak with them on a regular basis. “Our hope and prayer is for 100 percent completion and that every penny is awarded,” said Pelham Banking Company Assistant Vice President. Lorenda Smith.
Ringgold – Northwest Georgia Bank
The Northwest Georgia Bank Navigators recently raised almost $1,100 at the fourth annual Best Foot Forward fundraiser that will be used to buy shoes, shorts and shirts for Boynton Elementary School Special Olympians.
Thomasville – Farmers & Merchants Bank
Ian Donkin has joined the bank as Senior Vice President and CFO, BSA Officer/Operations Compliance Officer.
Waycross - Atlantic Coast Federal Corp.
G. Thomas Frankland will permanently assume the role of President and CEO of the company. Frankland was in interim terms of those offices since October 2010.
Duchnowski Bowen Donkin
50 Hurt Plaza, Suite 1050 | Atlanta, Georgia 30303 | 404.522.1501