IBAT News

Dell Q1 Discounts


Dell is kicking of its year of savings for IBAT member banks, bank employees and customers with sweet deals on PCs, workstations and servers. Take advantage of the savings below by May 1, 2016.

Current offers include:

  • 40% off select PowerEdge Servers $1299 and up
  • 35% off select OptiPlex or Latitude
  • 10% off select XPS and Inspiron PCs
  • 40% off Dell Precision Workstations  

On average, IBAT members enjoy savings of approximately 30% on each order. Please visit Dell's website to maximize your savings. Be sure to include the unique Dell/IBAT link number GS126658178 when placing your order.

Staff contact: Curt Nelson, cnelson@ibat.org, 512-275-2227

NCUA's Most Recent Proposal


As we reported recently, the National Credit Union Administration (NCUA) has proposed changes to credit union field-of-membership rules. The proposal takes the NCUA’s already overreaching geographic limitations and practically eliminates them. It would allow credit unions to expand their footprint while maintaining their tax exemption and avoiding many federal financial regulations that apply to community banks.

IBAT filed a comment letter that speaks out against this irrational NCUA proposal and provides examples of some of the preposterous geographic boundaries it would create.

“There are three things that are certain in this life---death, taxes, and the NCUA proposing rules that blatantly and offensively attempt to sidestep the authority of Congress,” said IBAT Executive Vice President Steve Scurlock. “And come to think of it, with credit unions, even taxes aren’t certain. This proposal is so far removed from the NCUA’s congressional authority, consideration of it should be dropped immediately.”

Staff contact: Shannon Phillips, sphillips@ibat.org, 512-275-2221

ICBA Roundtable with FASB


A group of very engaged bankers and representatives of national trade groups met with the Financial Accounting Standards Board (FASB) last week to discuss concerns with FASB’s controversial proposed accounting reforms. The roundtable comes after increasing concerns regarding the proposed Current Expected Credit Loss (CECL) model, which creates a complex protocol for determining adequacy of the ALLL.

CECL would significantly change community bank accounting methods, increasing costs and potentially decreasing the availability of credit. Also at issue is the unnecessary impairment of capital – with the OCC estimating banks would need to add 30-50% to their ALLL. During the meeting, community bankers present stressed that the current proposal would reduce community bank lending, harm local economies and cost thousands of jobs nationwide.

Following the meeting (archived audio select 2/4/16, Part 1 and Part 2), ICBA continues to call on FASB to pause the standard-setting process until community bankers’ concerns have been explored and ultimately, remedied with an alternate approach. For more than two years, IBAT has also been engaged on this issue and provided a comment letter to FASB in 2013. Additionally, IBAT has taken every opportunity with the federal regulatory authorities to express our serious concerns—highlighting the costly and complex methodology community banks would face to properly implement the change—far in advance of the anticipated issuance of CECL by March 31, 2016.

Staff contact: Steve Scurlock, sscurlock@ibat.org, 512-275-2226

TechMecca


Later this week, community bankers from around the state will gather in Austin to consider the latest in bank technology at TechMecca 2016. 

The two-day event will feature:

  • A break from the traditional expo hall format with each “exhibiting” company providing a seven-minute main stage presentation on a product or service;
  • Breakout sessions exploring hot topics facing community bankers in the area of payments, cybersecurity, business process efficiency and new demands by customers for technology innovation by banks, among others; and
  • Opening general session speaker Neil Stevenson who will explore emerging trends in financial technology “with an emphasis on the tension between new tech-enable experiences and our relatively unevolved brains.”

The full agenda for TechMecca is available online. To all who are coming to Austin, we look forward to seeing you in a few short days!

Staff contact: Julie Courtney, jcourtney@ibat.org, 512-275-2227

Regional Meetings Recap


The 2016 IBAT Regional Meetings kicked off in 10 cities last week. Meetings were held in Graham, Fort Worth, Amarillo, Lubbock, Odessa, El Paso, San Angelo, Waco, San Antonio and Austin. IBAT Chairman Rogers Pope, Jr., vice chairman and CEO of Texas Bank and Trust in Longview, described the meetings as IBAT’s “What Have You Done for Me Lately?” tour.

More than 1,200 bankers and industry partners attended throughout the week, setting a new record for combined registration. Participants heard a wide-ranging topical discussion of current issues facing community banks and the industry as a whole by Texas Banking Commissioner Charles Cooper, IBAT President and CEO Chris Williston, IBAT Chairman Pope and Baker Group representatives Lester Murray and Ed Krei.

“It is a grueling schedule but very rewarding to see so many members of the IBAT family turn out,” said Williston. “I think it speaks not only to the overwhelming interest in our program of work, but also interest in the progress we are making relative to the top-of-mind issues facing community bankers today,” he added.

Despite great challenges, crowds were generally upbeat with most reporting better than expected financial results for 2015. Topics discussed included federal and state legislative initiatives, cybersecurity, credit union and shadow bank competition, new accounting rules, the Texas economy and the state of community banking in general.

The Regional Meeting tour resumes on March 1, 2016 in Galveston and moves on to Schulenburg, Weslaco, Corpus Christi, Houston, Kilgore and Sulphur Springs before concluding in Dallas. Click here for additional information and registration for Round 2 of meetings.

Staff contact: Chris Williston, cwilliston@ibat.org, 512-474-6889

Baker Market Update: Feb. 8, 2016


One thing we learned from this morning’s Jobs Report is that market consensus surveys are no more reliable than political polls.  The 151k gain in Non-Farm Payrolls was well below the expected 190k, but the Unemployment Rate still managed to decline by 0.1% to 4.9%; a level last seen in February 2008. The 30k downward revision to December’s total was just about offset by November’s 28k upward adjustment.

Read more in the Baker Market Update.

Credit Union Comment Letter


The credit union’s federal regulator, NCUA, is once again attempting to expand field of membership rules. IBAT’s comment letter expresses our continued concerns over the unbridled expansion of these tax-exempt de facto banks. The deadline for submission of comment letters is February 8, and we encourage you and others in your bank to weigh in. Please use our letter for reference, or refer to the ICBA website for an email template

TechMecca Last Call


Only six days remain before TechMecca 2016 kicks off in Austin featuring a new format – more than 30 companies offering product demonstrations and company profile presentations over two days. 

In addition to company demos that will replace the standard expo hall hours, TechMecca will continue to offer the best in educational sessions designed specifically for the community bank audience. Topics include:

  • Digital strategy;
  • Cybersecurity;
  • Enterprise risk management; and
  • The ongoing development of business process efficiencies in the bank branch.

Click here to see the full education lineup and register before it’s too late!

Staff contact: Julie Courtney, jcourtney@ibat.org, 512-275-2227

Regional Meetings Round 2


IBAT’s 2016 Tour de Texas Regional Meetings are underway with record crowds of community bankers and industry supporters gathering in 10 locations around the state. 

IBAT Chairman Rogers Pope, Jr. of Texas Bank and Trust in Longview is joined on the tour by IBAT President and CEO Chris Williston, Commissioner Charles Cooper of the Texas Department of Banking, and Lester Murray and Ed Krei of The Baker Group. Topics the esteemed panel are discussing include:

  • Bank performance in light of looming economic changes and a potential recession;
  • Regulatory hot topics and the prospect of regulatory reform legislation in the year ahead;
  • Legislative victories in 2015 and the need for continued member engagement in the legislative process; and
  • Competitive challenges facing Texas community banks from new market players.

If you are registered for one of this week’s meetings, the IBAT team looks forward to seeing you on the road. If not, don’t forget that another round of the Tour de Texas commences the first week of March. Click here to learn more and register for future dates. 

Staff contact: Chris Williston, cwilliston@ibat.org, 512-474-6889

The Rise of Marketplace Lenders


The January/February 2016 digital edition of IBAT’s magazine, The Texas Independent Banker, is now available online. Click here to view the full table of contents or link directly to specific content below:

As always, we welcome suggestions for future content to be featured in The Texas Independent Banker.

Staff contact: Bonnie Kankel, bkankel@ibat.org, 512-474-6889

Apply Today


Are you a Texas community banker who is passionate, concerned, vocal and tolerant of diverse viewpoints? If so, the CFPB Community Bank Advisory Council is currently accepting applications to ensure smaller financial institutions have a voice. This Council is responsible for sharing the unique perspectives of community banks as well as advising the CFPB about regulating consumer financial products and services. Members provide information, analysis and recommendations to assist with CFPB policy development, rulemaking and engagement work. The Council is granted broad access to departments, future projects and leadership of the CFPB. Ideal applicants are:

  • Current employees of community banks;
  • Experts in consumer financial products or services;
  • Representatives of banks that primarily serve underserved communities; and
  • Representatives of communities that have been significantly impacted by higher priced mortgage loans.

This Council needs community bankers who can communicate and make issue-based cases using data and logic as the CFPB is a data-driven agency. The CFPB will fill eight seats that will be vacated in the fall of 2016.

Additional information, including the online application, can be found here. The application deadline is February 28, 2016. FAQs about the Community Bank Advisory Council and other CFPB Advisory Councils/Boards can befound here. We highly encourage you to consider applying for this important position.

Staff contact: Steve Scurlock, sscurlock@ibat.org, 512-275-2226

Sales Training


Great online, on-demand sales training is here! IBAT is pleased to announce its partnership with Associate Member Tim Tivis and the Pinnacle Training Group to bring you an exclusive offer on a very timely topic; a turn-key selling and business development online video training series dedicated exclusively for the independent community bank. Click here to learn more about The Prospect to Customer Selling System.

Take advantage of this opportunity offered solely through IBAT. Please don't hesitate to contact Julie Courtney with any questions.

24th Annual Congressional Visit


Mark your calendar for IBAT’s 24th Annual Congressional Visit, April 26-28, 2016. Washington, D.C. lawmakers and regulators need to hear from Texas community bankers and other industry supporters this year more than ever as we continue to push for meaningful regulatory reform. This is your opportunity to be heard and make an impact with key decision makers by sharing real-life stories about the challenges you face every day due to the current regulatory landscape.

This year’s Congressional Visit will take place immediately following ICBA’s Washington Policy Summit, which will help with the power of numbers when making visits on Capitol Hill. We invite all bank members and associate members to join us for this important event. Registration is now open and the tentative schedule is available online

Staff contact: Steve Scurlock, sscurlock@ibat.org, 512-275-2226

Bank CEO Network


On April 4-5, 2016, The Bank CEO Network will host its 13th Annual Community Bank Directors’ Conference at the Omni Mandalay Hotel at Las Colinas in Irving, Texas. Conference topics, which are tailored to educating outside directors and CEOs of community banks, address the most current and pertinent issues impacting these banks.

Click here to register or here for additional information, including CPE credit and conference fee. 

 

IBAT Webinars


Did you know? IBAT, in conjunction with Financial Education, Inc., hosts close to 150 webinars a year. Webinars are a very economical way to train your staff for one low price. Everyone can sit in on the program with the use of a speakerphone and a computer, or access archived webinars on-demand.

Topics are broken up by category or by date and include:

  • Auditing & Accounting
  • Collection
  • Compliance
  • Directors
  • Frontline and New Accounts
  • Human Resources
  • IT
  • IRA
  • Lending
  • Operations
  • Security & Fraud
  • Senior Management

You can access a complete listing of upcoming webinars and archived webinars here.

DOD Final Rule


In 2015, the Department of Defense (DOD) issued a final rule amending the implementing regulations of the Military Lending Act (MLA) of 2006. The final rule expands specific protections provided to service members and their families under the MLA, and it addresses a wider range of credit products than the DOD's previous regulation. FDIC-supervised institutions and other creditors must comply with the rule for new covered transactions beginning October 3, 2016. For credit extended in a new credit card account under an open-end consumer credit plan, compliance is required beginning October 3, 2017.

Under the final rule, creditors are granted a safe harbor if they use one or both of two methods to verify borrower status – an MLA database or a credit report. The Defense Manpower Data Center has said that financial institutions must express their interest in direct access to the database no later than February 1, 2016, and that this safe harbor approach may only be made available to larger institutions. IBAT submitted a comment letter asking for community banks to also be given access to the MLA database and an extension to March 1, 2016. It was announced this week that the DOD extended the deadline to February 15, 2016 to express interest. However, we feel a longer delay is warranted and continue our opposition to the possible exclusion of smaller banks from accessing the MLA database. 

Staff contact: Shannon Phillips, sphillips@ibat.org, 512-275-2221

Pages