|
|
Happy Thanksgiving,
Georgia Bankers and Friends! |
|
There
are a lot of things we’re thankful for here at the
Georgia Bankers Association. We don’t have enough room
to list them all, but we’d be remiss if we let this
year’s day of thanks go by without saying thanks to all
of you for your continued membership and active
participation in our Association. We feel blessed to
work for an industry that has given so much to our state
and its citizens, and we have incredible volunteers who
give generously of their time and expertise for the
greater good of the industry. We couldn’t do it without
you. |
|
 So,
from the entire GBA staff, please accept our most
heartfelt thanks for your continued support and
confidence. We also send out the best wishes for a
wonderful day of Thanksgiving to you, your families and
friends in celebration of all of the blessings we enjoy. |
|
|
Quarterly Banking
Profile: Nationally Banks Profit; Still Tough Sledding
for Georgia Banks |
|
Nationally, commercial bank performance continues to be
hampered by the long and severe recession we’re just now
emerging from, according to the FDIC’s
Quarterly Banking Report for third quarter
2009. On a positive note at the national level, banks
and savings institutions earned $2.8 billion in the
third quarter as opposed to only $879 million during the
same period last year. Earnings growth was driven by
increases in net interest income, noninterest income and
lower securities losses and noninterest expenses. And,
net interest margins improved to a four-year high.
However, loan balances declined by 2.8 percent, which
the FDIC says is the largest percentage decline since
quarterly reporting began in 1984. In her remarks and
press release, FDIC Chairman Sheila Bair
identified credit availability for qualified small
businesses as an important component to economic
recovery. Credit quality, overall, continued to decline,
with charge-offs and noncurrent loans rising to
historically high levels. Closer to home, almost all
performance categories continued to show the negative
effects of the severe recession. For the quarter,
Georgia banks and savings institutions collectively lost
$889 million compared to earning $233 million during
third quarter of 2008. There are some positive trends to
note compared to the same quarter last year. The
aggregate total risk based capital ratio for
Georgia-based institutions is 12.73 percent at the end
of the quarter, up from 11.77 percent in 2008.
|
|
 Total
deposits were up by $4.7 billion, or 2.3 percent, the
net-interest margin was up by 9 basis points, and the
cost of funding dipped by 83 basis points. Credit
quality, however, continued to decline across the board,
as did gross loans and leases, which declined by 9
percent. “At this point in the cycle, unfortunately
we’re in a bit of a same-song, different-verse scenario
for overall Georgia bank performance,” said
Joe Brannen, GBA president and CEO. “Some of our
banks and savings institutions clearly continue to
grapple with the significant credit quality stresses of
a historic recession. However, we continue to emphasize
that there are a large number of individual institutions
that are performing relatively well by comparison. A
vast majority of Georgia’s banks and thrifts (86%)
remain well capitalized based on third-quarter reports.
Forty eight Georgia banks and savings institutions
reported total-risk-based capital of 20 percent or more,
which is two-times the generally accepted regulatory
minimum. One hundred and fifty Georgia banks and savings
institutions maintain 12 percent or higher Tier-1
capital, which also is two-times the generally accepted
regulatory minimum.” 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.
|
|
Measurement
(Year-to-date data) |
Georgia
9/30/09 |
Georgia
6/30/09 |
Georgia
3/31/09 |
Georgia
12/31/08 |
Georgia
9/30/08 |
National
9/30/09 |
National
9/30/08 |
|
Institutions |
313 |
324 |
328 |
334 |
339 |
8,099 |
8,384 |
|
Employees |
47,901 |
49,024 |
50,054 |
50,848 |
51,729 |
2.1M |
2.2M |
|
Assets |
$276.2B |
$283.1B |
$289.3B |
$300.3B |
$283.5B |
$13.3T |
$13.6T |
|
Deposits |
$212.1B |
$213.7B |
$216.9B |
$209.3B |
$207.4B |
$9.1T |
$8.7T |
|
Gross Loans and
Leases |
$198.6B |
$212B |
$214.1B |
$215.5B |
$218.5B |
$7.4T |
$8.0T |
|
% Profitable |
39.94 |
42.28 |
55.49 |
51.8 |
59.29 |
71.69% |
78.65 |
|
Cost of Funding
Earning Assets |
1.73% |
1.83% |
1.90% |
2.51% |
2.63% |
1.34% |
2.48% |
|
Net Interest
Margin |
3.16% |
3.03% |
2.96% |
3.18% |
3.29% |
3.46% |
3.33% |
|
Net Income |
-$2.6B |
-1.8B |
-1.2B |
$111.8M |
1.2B |
$9.6B |
$31.7B |
|
Return on Assets |
-1.21 |
-1.27% |
-1.63% |
0.04% |
0.57% |
0.10% |
0.32% |
|
Return on Equity |
-11.20 |
-11.84% |
-15.56% |
0.39% |
5.00% |
0.93% |
3.26% |
|
Loss
Allowance/Loans |
2.57% |
2.30% |
2.15% |
1.85% |
1.59% |
2.97% |
1.96% |
|
Noncurrent
Loans/Loans |
5.90% |
5.54% |
4.77% |
4.06% |
3.49% |
4.94% |
2.34% |
|
Equity Capital to
Assets |
10.87% |
10.62% |
10.49% |
10.48% |
11.25% |
10.9% |
9.62% |
|
Total Risk-Based
Capital Ratio |
12.73% |
12.20% |
11.87% |
11.75% |
11.77% |
14.17% |
12.54% |
|
Other Real Estate
Owned |
$2.8B |
$2.8B |
$2.5B |
$2.2B |
$1.92B |
$37.4B |
$23.4B |
|
Net Charge-Offs |
$4.1B |
$2.5B |
$1.1B |
$2.8B |
$1.7B |
$135.9B |
$68.8B |
|
Net Charge Offs to
Loans |
2.67% |
2.34% |
2.00% |
1.31% |
1.03% |
2.38% |
$1.18% |
|
|
|
FDIC Premium Payment
Update: New Q&A Information Available |
|
 The
FDIC has updated its
frequently asked questions about the prepayment of
deposit insurance premiums. The update follows the
agency’s Nov. 12 approval of a final rule requiring
banks to prepay three years of premiums. |
|
Content includes details
about the philosophy behind the prepayment approach and
some basic details about accounting treatments and
risk-based assessments. With questions, contact
Joe Brannen, 404.420.2026, or
Elizabeth Chandler, 404.420.2027. |
|
|
Cracking Down on
Mortgage Relief Scams |
|
Scammers preying on distressed homeowners are the target
of a new state and national crackdown
against fraudulent mortgage foreclosure rescue and loan
modification operations. The Georgia Department of
Banking and Finance (DBF) has joined the Federal Trade
Commission (FTC), the U.S. Department of Justice, and 19
other states to announce "Operation Stolen Hope.” As
part of the operation, the DBF will issue Cease and
Desist Orders against individuals and companies that
advertised unlicensed loan modification services to take
hard-earned money from distressed Georgia homeowners.
|
|
“With money tight, many homeowners are having trouble
making their mortgage payments and turning to scammers
who promise relief,” DBF Commissioner Rob Braswell
said. “There is legitimate help available at no cost for
homeowners. I would encourage anyone facing foreclosure
to talk to a certified non-profit counselor, and to talk
with his or her lender.” Read the
DBF press release
for consumer tips and access to a video resource.
Georgia consumers can report scams to the FTC at
1-877-FTC-Help or at FTC.gov. |
|
|
New Drivers Licenses
to be in Full Production by Month’s End |
|
Just a
reminder that the
Georgia Department of Driver Services (DDS) has begun
issuing issue new and improved driver’s licenses and
identification cards. The new cards will combat document
fraud and protect the identities of Georgia’s citizens
by using the latest credentialing technology. All
customer service center locations will be producing the
new cards by the end of November. All previously issued
Georgia licenses and IDs will remain valid until the
expiration date when they will be exchanged for a
newly-designed card. Please make sure your staff is
aware of the new designs and security features.
|
|
 See
the attached PDF files of the
design
and a
poster you can use to help educate
employees. For more information, please visit
http://www.dds.ga.gov. |
|
|
Read All About It: GBA
University Edge for November Published this Week |
| For in-depth details about
all of the upcoming GBA University events, conferences,
seminars, webinars and AIB offerings, see the latest
edition of our GBA-U Edge publication we distributed
this week. The copy is available through
this link or archived along with all of our
other publication back issues on our web site on our
e-publications page. If you'd like to be on
our e-mail distribution list for this, please send us an
email. |
|
|
Still Time
to Register for the Credit Conference - Join 150+ of
Your Colleagues Next Week |
|
The
annual
Credit Conference is scheduled for Dec.
3-4 at the Cobb Galleria Centre in Atlanta. The
2009-2010 Credit Committee has put together an
informative and timely agenda. |
|
More than
150 people are already registered. This is a conference
you don’t want to miss. For more information, contact
GBA’s
Marybeth Jones at 404.420.2032. |
|
|
Save on
Banking School, Register by Dec. 31 |
|
The
deadline for the
Georgia Banking School early registration
discount is Dec. 31. Save $125 by registering for the
Class of 2012 now. The upcoming session of the Georgia
Banking School meets at the University of Georgia May
2-7, 2010. |
|
Please
call GBA’s
Marybeth Jones at 404.420.2032 for details and
registration information. |
|
|
Register Now
for 2010 Annual Legislative Reception and
Legislative/Economic Forum |
 Make
plans now to attend GBA’s Legislative/Economic Forum
that will be held before to our annual
Legislative Reception scheduled for January 13,
2010. Before the reception, we will gather at 3:30 p.m.
at the Embassy Suites, Centennial Olympic Park, where
Dr. Roger Tutterow, professor of Economics at
Mercer University in Atlanta will provide an
update about the current national and state economic
environment. |
|
 Georgia
Banking Commissioner Rob Braswell will also be on
hand to discuss current regulatory issues and the
banking climate from the Department’s view. Georgia
legislators will also bring you up to date on their
banking-related priorities for the 2010 legislative
session. The Legislative Reception will follow at the
Georgia Aquarium
from 6-7:30 p.m. With questions, please call GBA’s
Susie McGehee at 404.420.2010. |
|
|
Financial
Risk Management Conference: Managing The Expanded Role
of the Investment Portfolio |
|
Join Kelly Ensor and Joel Updegraff with
SunTrust Robinson Humphrey at our annual Financial
Risk Management Conference as they discuss how you can
manage the investment portfolio within the context of
the balance sheet and how banks are using their
investment portfolio to maneuver through the volatility,
uncertainty and increasing regulatory scrutiny. They
will also address how the investment portfolio can help
you improve liquidity and margins, while simultaneously
managing interest-rate risk on the balance sheet.
|
|
In addition, they will discuss hot-button regulatory
issues facing the banking industry in light of these
unprecedented times, focusing on viable solutions
available via the investment portfolio. The
conference is scheduled for January
20-21, 2010, at the Cobb Galleria Centre in Atlanta. For
more information, contact GBA’s
Marybeth Jones at 404.420.2032. |
|
|
How to Fend
off Loan Losses: Advanced Loan Documentation Seminar –
Dec. 9 |
| Taught
by Mike Allen, President and CEO of
Georgia Trust Bank
in Buford, this one-day course is designed for
commercial loan officers, commercial loan personnel,
loan assistants and closing specialists. Solid
information about preventing loan losses through
implementation of proper loan structuring and
documentation techniques will be supplied. |
|
Topics
to be discussed include guarantees; specific collateral
types; commitment letters vs. proposal letters and much
more. The GBA’s
Advanced Loan Documentation seminar
scheduled for Dec. 9 at Idle Hour Country Club
in Macon. With questions about the seminar, please
contact
Courtenay Pope at 404.420.2015. |
|
|
Boost Repayments,
Limit Losses:
Collections
and Recovery Seminar – Dec. 10 |
| GBA
will host its
Collections and Recovery seminar Dec. 10, at the
Idle Hour Country Club in Macon. Designed for personnel
responsible for recovering money or collateral on behalf
of the bank, this one-day seminar will provide a
comprehensive overview of the fundamental legal
principles involved in the collection process.
|
|
Topics
to be discussed include collateral documents, litigation
process, borrowers defenses, judgments, levies,
garnishments, and much more. The registration fee is
$225 for members. Gary Moser with Moser, Rose
& Cox in Valdosta is the instructor. With questions,
contact GBA’s
Courtenay Pope at 404.420.2015. |
|
|
AIB
Instructor Led On-Line Courses for December
|
Here
are the instructor-led
AIB online classes offered the month of December.
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.
-
Analyzing Financial Statements*, 16 weeks, $485
(Dec. 7)
-
Economics for Bankers, 16 weeks, $405 (Dec. 7)
-
Financial Accounting*, 16 weeks, $485 (Dec. 7)
-
General Accounting*, 16 weeks, $515 (Dec. 14)
-
Law & Banking: Principles, 16 weeks, $455 (Dec.
7)
|
|
-
Principles of Banking, 16 weeks, $405 (Dec. 14)
-
Problem Loan Workouts, 6 weeks, $315 (Dec. 14)
-
Today’s Teller*, 8 weeks, $315 (Dec. 7)
-
Trust Basics, 16 weeks, $405 (Dec. 7)
-
Understanding Your Construction Borrower, 10
weeks, $405 (Dec. 7)
 Please
see the
AIB Online Course Schedule for a complete
listing or call GBA’s
Alison Moreau at 404.420.2034 with
questions. |
|
|
Welcome New GBAIT Participant |
|
The
GBA Insurance Trust, Inc. Board of Directors
welcomes to the Trust The Heritage Bank,
Hinesville, James Floyd Jr., CEO. This company
joins more than 290 community banks and associate
members in this unmatched member benefit. |
|
Please
call GBA’s
Susan Kelley at (404) 420-2017 for more
information. |
|
|
Order Now: Georgia Financial Directories Going Fast |
|
The
Georgia Financial Directory contains complete
information about all the banks in the state and is
invaluable to banking professionals. Also included are
listings of Associate Members, Members of the Bank
Counsel Section and GBA's Strategic Partners.
|
|
Get
yours today because quantities are limited. Complete the
easy online
order form, or for more information contact
Kenyetta Parks, 404.420.2035. |
|
|
2010 Holiday Decals: Hot Off The Presses! |
|
The
2010 Holiday Decals have arrived. Those
who are on our standing order list should have received
your order within the past week. The window decals
provide a professional appearance and list the 10
holiday closings recognized by the Federal Reserve Bank
in accordance with FDIC rules. |
|
This
is an easy way to provide helpful information to your
customers. If you are not on our standing order list and
would like to receive a set of decals, please call
quickly. Quantities are limited. To order, contact
Kenyetta Parks at (404) 420-2035. |
|
|
Attract and Retain Customers with
the Deluxe Experience |
 Deluxe
Financial Services
works closely with financial institutions to develop
unique experiences that attract and retain customers and
grow business. As one of the top check producers in
North America, Deluxe combines its history of strong
brands and financial institution relationships with its
insights into small business. More than just a check
printer, Deluxe offers programs that can add to your
bank's profitability and maximize customer satisfaction:
-
DeluxeCalling® -
An outbound calling service that helps you connect
with customers, grow revenue, and reduce attrition
through proactive touchpoints.
-
Deluxe Detect® -
Screen new applicants with this comprehensive fraud
and risk screening solution that integrates with
most banking platforms. A unique emphasis on data
integrity and an innovative revenue-sharing model
sets this solution apart.
-
Deluxe ID TheftBlock® -
Often positioned as a popular value-add reward for
an existing check program, or a feature of an elite
checking program. In the event of a data breach,
it’s a powerful turnkey solution.
-
Welcome Home® Tool Kit -
A start-to-finish branch solution that captures best
practices for gaining loyal customers.
|
|
-
Experience InquirySM:
Proprietary CustomerBackSM Audit
technology lets you analyze every customer
impression from the customer’s point of view.
-
Deluxe Knowledge ExchangeTM Series -
An exclusive suite of resources, events, and
solutions that bring the best financial services
information and events to you. Publications,
workshops, seminars and Deluxe's powerful
Collaborative give you access to the latest consumer
experience insights.
-
Deluxe Customer Care AdventureSM -
See, hear, and learn how Deluxe's Customer Care
Centers deliver exceptional experiences — then apply
what you learn in your own organization.
-
Deluxe Experience Enrichment EventsSM -
Learn how to improve your account holder’s
experiences within your institution by attending one
of Deluxe's enrichment events.
Deluxe Financial Services works closely with financial
institutions to develop unique experiences that attract
and retain customers and grow business. For more
information, please call Deluxe’s
Bob Hicks
at 317.873.5572,
Brandt Tefft or
Angelia Grey
at
800.332.4234 ext. 159340, or GBA’s
Levi Crabtree at 404.420.2022. |
|
|
Provide Your Company with Flood
Zone Relief for Challenging Times |
During
the best of times, lenders seek reliable, easy to use
services offered at a fair price. In a turbulent
financial climate, these requests quickly turn into
critical needs.
Federal Flood Certification Corp. calms the
Flood Zone Determination process through our
cost-effective approach that protects lenders, expedites
the closing process, and helps the bottom line. Federal
Flood offers:
-
Easy Access to fully transferable Life of Loan
certificates
-
Free Letter of Map Amendment and Letter of Map
Revision
-
Free Home Mortgage Disclosure Act data
-
Free rush service
|
|
Federal Flood maintains an experienced staff and a
commitment to the latest in technology, providing
readily available expertise and support through a
variety of platforms. For more information, please call
Federal Flood’s
Ed Mclin at 214.441.5903 or GBA’s
Levi Crabtree at 404.420.2022. |
|
|
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
Lydia Thomas. |
|
|
Newsmakers
We Will Miss...
Frank "Big Frank" Sutton,
father of Frank Sutton, CEO of Securitas
Financial Services in Monticello.
GBA Members Recognized Among “Best Places to Work”
Congratulations to three GBA member institutions for
being recognized in the current edition of Georgia
Trend as being among the Best Places to Work in
Georgia:
Bank of North Georgia,
Alpharetta, Kessel Stelling, CEO;
The Peoples Bank,
Winder,
Chris
Maddox,
CEO;
Safe Systems, Inc.,
Alpharetta,
Darren Bridges,
President.
|
|
|
| |
|
Calendar of Events |
| |
Details for
November &
December |
|
|
|
Conferences |
|
|
Dec. 3-4 |
Credit Conference |
Atlanta |
|
Jan. 20-21 |
Financial Risk Management Conference |
Atlanta |
|
Mar. 2-3 |
Operations and Technology Conference |
Atlanta |
|
Mar. 17-19 |
HR Professionals Institute |
Atlanta |
|
Apr. 13-14 |
Security Conference |
Atlanta |
|
May 13-14 |
Rural Development and Lending Conference |
Savannah |
| |
|
|
| |
Conventions/Events |
|
|
Jan. 13 |
Legislative Reception & Legislative/Economic
Forum |
Atlanta |
|
June 13-16 |
Annual Convention |
Charleston, SC |
| |
|
|
| |
Schools |
|
|
Feb. 22-24 |
Southeastern School of Advanced Commercial
Lending |
Nashville, TN |
|
Mar. 7-12 |
Southeastern School of Consumer Credit |
Nashville, TN |
|
May 2-7 |
Georgia Banking School |
Athens |
| |
|
|
| |
Seminars |
|
|
Dec. 1 |
IRS Reporting Requirements |
Webinar |
|
Dec. 2 |
Home Equity Lines of Credit |
Webinar |
|
Dec. 2 |
Finding Organic Revenue Growth In 2010,
Session 1 |
Webinar |
|
Dec. 3 |
Check Holds |
Webinar |
|
Dec. 3 |
2009 IRS Information Reporting, Part 1 |
Webinar |
|
Dec. 8 |
Special Rules for Private Education Loans |
Webinar |
|
Dec. 8 |
The New Landscape of Residential Lending
Compliance |
Webinar |
|
Dec. 10 |
Understanding Letters of Credit |
Webinar |
|
Dec. 10 |
Collections and Recovery |
Macon |
|
Dec. 10 |
2009 IRS Information Reporting, Part 2 |
Webinar |
|
Dec. 14 |
Key Elements of the CARD Act of 2009 |
Webinar |
|
Dec. 16 |
Bank Secrecy Act Compliance - A NEW ERA |
Macon |
|
Dec. 17 |
Best Sales Practices for the Frontline |
Webinar |
|
Dec. 17 |
Analyzing Commercial Financial Statements |
Macon |
|
Dec. 17 |
2009 Lending Compliance Update |
Webinar |
|
Dec. 21 |
S.A.F.E. Act: Registration of Mortgage Loan
Originators |
Webinar |
|
Jan. 15 |
Loan Documentation 101, Part 1: The Basics:
Obtaining Enforceable Liens Under UCC9 |
Webinar |
|
Jan. 19 |
Bank Security Seminar: Employee
Investigations |
Macon |
|
Jan. 19 |
Compliance Perspectives: A Monthly Update |
Webinar |
|
Jan. 27 |
HMDA + CRA Workshop |
Macon |
|
Jan. 28 |
Bank Security Seminar: BSA/AML Compliance |
Macon |
|
Jan. 29 |
Loan Documentation 101, Part 2: Lien
Perfection: Getting it Right |
Webinar |
|
Feb. 5 |
Loan Documentation 101, Part 3: Reviewing
Collateral Files |
Webinar |
|
Feb. 10 |
IRA: The Basics |
Gainesville |
|
Feb. 11 |
IRA: The Basics |
Macon |
|
Feb. 11 |
Finding Organic Revenue Growth In 2010,
Session 2 |
Webinar |
|
Feb. 18 |
Bank Security Seminar: Effective Information
Security Management |
Macon |
|
Mar. 11 |
Bank Security Seminar: Fraud |
Macon |
|
Apr. 13 |
Basic Deposit and Operations Compliance |
Macon |
|
Apr. 14-15 |
Basic Loan Compliance |
Macon |
|
May 6 |
Advanced Consumer Lending |
Macon |
| |
|
|
| |
American Institute of Banking (AIB) |
|
|
Ongoing |
AIB Online Courses |
Online |
|
Ongoing |
AIB Online - Instructor-led |
Online |
| |
AIB Classroom Courses |
|
| |
|
|
| |
Board/Committee
Meetings |
|
|
Dec. 11 |
Security Committee |
Atlanta |
|
Jan. 13 |
GBA Board of Directors |
Atlanta |
| |
|
|
| |
Roundtables/Peer Groups |
|
|
Mar. 3 |
Finance/Operations Roundtable, Group C |
Macon |
|
Mar. 4 |
Finance/Operations Roundtable, Group A |
Macon |
|
Mar. 5 |
Finance/Operations Roundtable, Group B |
Macon |
|
Mar. 23 |
President/CEO Roundtable, Group 4 |
Macon |
|
Mar. 24 |
President/CEO Roundtable, Group 5 |
Macon |
|
Mar. 26 |
President/CEO Roundtable, Group 2 |
Macon |
| |
|
|
|
|
www.gabankers.com |
|
|
|
|
Home I
GBA University I
Member Services I
Volunteers I
Government Relations I
Calendar of Events |
|
Georgia
Bankers Association • 50 Hurt Plaza, Suite 1050,
Atlanta, GA 30303 • Phone 404.522.1501 • Fax
404.522.9848 •
www.gabankers.com |
|
