2014 PAC Auction

Over the last several weeks, we’ve highlighted a number of ways that you can support the IBAT Political Action Committee (PAC) during IBAT’s 40th Annual Convention in Fort Worth next month. But, no event is more anticipated than IBAT’s annual live and silent auction.

Get a leg up on the competition by scoping out a number of the items, now available for viewing online, before you arrive in Fort Worth.

Also, don’t forget that, even if you can’t be with us in Fort Worth, you can still have a shot at winning $5,000 cash in our Dream Vacation contest. Click here to buy your tickets.

Director Education

The Certified Community Bank Director Program (CCBD) will be held October 30-November 1, 2014 at the Cox School of Business on the campus of Southern Methodist University. The CCBD designation is a collaboration of and is administered by IBAT and the Southwestern Graduate School of Banking (SWGSB) Foundation. A comprehensive curriculum has been created to address all areas of bank directorship – from duties and responsibilities to the foundations of bank finance.

IBAT also offers a bank director series of webinars for live viewing, digital download or CD-Rom receipt. Upcoming programs include:

Clay Shoot Events

IBAT Leadership Division Regions 10 and 2 are hosting sporting clay events on August 27 and August 28, respectively. These events are organized to help community bankers network at the local level and to help raise funds for IBAT's Legislative Fund in order to continue the fight in Washington.  

Both events are open to bank employees, directors and sponsors. If you are not interested in attending the clay shooting part of the events, you are welcome to attend the networking and dinner portions of the day.

We hope you can join us in Region 10, Region 2, or both!

The New FICO Score 9

Earlier this month FICO announced that the new FICO® Score 9 introduces a more nuanced way to assess consumer collection information, bypassing paid collection agency accounts and offering a sophisticated treatment differentiating medical from non-medical collection agency accounts. The intent is to ensure that medical collections have a lower impact on the score, commensurate with the credit risk they represent. FICO’s press release says that these enhancements help lenders because they result in greater precision.

"Unfortunately, the release of a new FICO scoring model does not automatically result in a change of credit scores for the consumer when they go for a loan. The lender must also use the new FICO model,” said Eddie Johansson, President of Credit Security Group and instructor in IBAT’s Teach the Teacher Program™ and Teach the Lender Program™.

"The only scoring model that matters to the borrower is the one their lender is using. And most lenders are not using the latest FICO model now. In the mortgage loan industry, the major factor is the model Fannie Mae and Freddie Mac use. Both currently use models that are ten years old or older - several generations behind FICO's most recent release,” Johansson added.

New Leadership at TDSML

New leadership was ushered in last week at the Texas Department of Savings and Mortgage Lending (TDSML). Nearly 150 savings executives and industry practitioners gathered in Austin to celebrate the tenure and service of retiring TDSML Commissioner Doug Foster and to welcome new Commissioner Caroline Jones.

The Independent Bankers Association of Texas (IBAT), Texas Bankers Association (TBA) and the Texas Mortgage Bankers Association (TMBA) jointly sponsored a reception in their honor at the Austin Club. Foster was presented with a quilt embroidered with all the names of the state savings banks as well as a resolution commending him for his public service. “IBAT has enjoyed working with Commissioner Foster and we congratulate Ms. Jones on her appointment,” said IBAT President and CEO Chris Williston. “Commissioner Jones will be an asset to the regulatory system in Texas,” he added.

Jones will make her first formal appearance and introduction to the IBAT membership at IBAT’s 40th Annual Convention in Fort Worth in late September, as part of the State Bankers Regulatory Roundtable.

Baker Market Update: Aug. 18, 2014

Slack in the labor market? Well it didn’t take long to fill that little civil service posting in Iraq. In fact, that Prime Minister position got filled before it was even vacant. Job seekers, however, need not despair just because that plum job is no longer available. We learned this week that job openings in the U.S. as measured by the BLS have risen to their highest level since 2001. The Job Openings and Labor Turnover (JOLTs) report revealed this week that the number of job openings rise to 4,671k in June, up from 4,577k in May. Job openings tend to increase when economic performance is stout and expectations are high. Okay.

Read more in the Baker Market Update.

IT Security Summit

The 2014 IT Security Summit is coming up on August 21 in Dallas. IBAT’s IT Security Summit is designed for CEOs, COOs, security officers and anyone responsible for risk management of a community bank’s information technology department.  Speakers will cover the hot topics facing community banks’ IT departments from a banker viewpoint and the regulatory issues of the IT exam.

Summit topics include:

  • Cybercriminals Targeting Community Banks - Who, How And Why;
  • Are Your Business Continuity and Disaster Recovery Programs Behind the Times?; and

Addressing Security Challenges with M&A Activity and Your Supply Chain.

The Texas Independent Banker

IBAT is pleased to announce a development in the life of our landmark publication, The Texas Independent Banker magazine.

Earlier this year, IBAT engaged Naylor, LLC, to publish the magazine beginning with the January/February issue next year. Naylor will assist us in re-envisioning a print publication for the twenty-first century Texas community banking industry, while maintaining the right balance between informative resource articles and reporting on the activities of IBAT and its members. Naylor will also take responsibility for the sale of advertising in the publication.

We believe you’ll find the publication consistent with IBAT’s full slate of member communications and we look forward to sharing our work with you in early 2015. Stay tuned for more in the weeks ahead.

40th Annual Convention

IBAT's 40th Annual Convention will be underway next month. If you haven't already registered, now is the best time to do so - the early bird deadline is coming up this Friday, August 15th

This year in Fort Worth, September 27-30, you can expect great educational sessions, fabulous keynote speakers and a variety of opportunities to contribute to the IBAT PAC, all while celebrating IBAT's 40 years of existence.

Register online here. To learn more, download the Convention brochure.

TechMecca 2015

IBAT is already busy planning TechMecca 2015, IBAT's one-of-a-kind technology and operations conference and expo for community banks! We invite you to submit your ideas to be developed into a possible workshop at TechMecca 2015, February 2-3 at the Omni Dallas Hotel.

As a TechMecca workshop presenter, you and your firm or company will gain visibility and generate contacts among community bank executives for relationship building and sales.

Unsure of a topic? Here are some "must-have" topics for next year's program:

  • EMV;
  • Mobile Banking and/or Mobile Access;
  • Emerging Technology;
  • Web Site/Internet Issues (Phishing, Fraud, Internet Banking, IT Security);
  • Risk Management-Internal Controls;
  • Fed Update-ACH, EDI, and Risk;
  • Contactless Debit Cards;
  • Marketing & Social Media; and
  • IT & Operational Issues in Light of Financial Reform.

In order to be considered, simply submit the Call for Presentations form available on the IBAT website. 

Win Your Dream Vacation!

Members of the Leadership Division are working hard to make this year the biggest ever for our Dream Vacation PAC fundraising event. Like the Best of 100, mentioned in last week's Bottom Line, this is another event where you don't need to be present to win. The Dream Vacation is a great way for all employees to be involved in PAC fundraising at a very nominal cost...just $10 per ticket.

If your name is drawn at the end of the Live Auction on September 29, you'll receive $5,000 cash to use toward your Dream Vacation! One enhancement to this year’s event is that you are able to purchase Dream Vacation tickets online.

Or you can also call Patty Mullins at 512-474-6889 to request tickets.

Reg Burden Costs

What’s the real-world cost of regulatory burden?

According to findings issued by KPMG in a recent bank survey, a vast majority of banks place the liability between 5 and 20% of operating costs annually.

Sixty percent of respondents pinpoint their costs at 5-10% of the annual operating budget, according to the survey. Twenty-two percent of respondents claim the number is between 11 and 20%.

"The survey confirms that the cost of absorbing new regulation falls disproportionately on smaller community banks," said IBAT President and CEO Chris Williston. "Solid data such as this is helpful as we continue our efforts to obtain meaningful federal regulatory relief."

The survey also captured bankers’ current thinking on IT expenditures, which highlights an active dilemma between meeting customer desires for new technology and investments in operational efficiencies and risk management tools.

Click here to download the survey results.

Baker Market Update: August 11, 2014

While news from the European Union may not be very uplifting (Italy has slipped back into a recession), the reports coming out of the European Space Agency have reached new heights. Their Rosetta space vehicle (launched in 2004) has rendezvoused with a comet. On purpose. The two of them are now hurtling along together while scientists try to unlock what secrets the comet may be harboring about the origins of our universe. A lofty goal, to be sure, and it’s unclear whether they’ll come up with anything in time to help Italy, but think about all the ciphering that went into this project. That’s a lot of math.

Read more in the Baker Market Update

Now Accepting Auction Items

In less than two months we hope to see you at our Annual Convention in Fort Worth. Two of our biggest highlights are the PAC Auction and the Best of 100.

Auction items are coming in to the IBAT office and we appreciate your support. Something new to remember this year is that the absolute deadline to get your items listed in the PAC Auction Guide is Monday, September 15. We'll gratefully accept anything after that time, but the items won't appear in the Auction Guide or be considered for the Live Auction, unless we receive your pledge form by September 15. As items come in, they will be posted on the website so you can decide on the items you can't live without!

You can also click here to purchase your Best of 100 ticket. Tickets are $100 and if your ticket is drawn before the beginning of the Live Auction, you may select any item to take home. No worry about outbidding your friends…it's yours!

If you are unable to attend this year's Convention, you can still participate. All live items will be posted on the website on September 18. Purchase your ticket and let Mae Beth know what item you want if your name is drawn! How easy is that?