E-NEWS
October 12, 2016

Support Call Report Reform

 
As a community banker, you know what a tremendous burden the call report represents to community banks and how meaningful reform is necessary. We need you to advocate by commenting on the proposed regulation.
 
The proposed changes from the Federal Financial Institutions Examination Council (FFIEC) regarding reforms to the call report are insufficient. The FFIEC proposed a separate shorter call report for banks under $1 billion in assets. Unfortunately, the eliminated portions involve data that few community banks report on today. We need you to comment on the proposed call report changes and tell the Office of the Comptroller of the Currency (OCC), Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) that the proposed rules will not significantly reduce the regulatory burden placed on community banks. 
 
The community bank industry strongly advocates for a short-form call report available to well-capitalized and highly-rated community banks in the first and third quarters of each year.  A streamlined call report featuring the balance sheet, income statement and statement of changes in shareholders' equity would provide data key to making policy decisions without overburdening community banks. This meaningful reform is not part of the proposed rule so we need you to express your concerns about the call report today. 

iGrow Ag Lender's Conference


During one-day conferences, SDSU Extension staff and South Dakota State University faculty will provide ag lenders with education and tools in the area of South Dakota land values, cash rent trends, calf backgrounding costs, beef feedlot issues, crop costs/South Dakota farm's financial trends, grain market analysis and outlook, macroeconomic analysis, and livestock market outlooks and analysis which can be passed on to producers.
 
Dates and locations
Sioux Falls: Oct. 24, 2016 at the SDSU Extension Regional Center (2001 E. Eighth St.);

Watertown: Oct. 26, 2016 at the SDSU Extension Regional Center (1910 W. Kemp Ave); and

Pierre: Oct. 28, 2016 at the SDSU Extension Regional Center (412 W. Missouri Ave).

Agenda
8:30 - 9 a.m. Registration
9 - 9:55 a.m. SD Land Values & Crop costs - presented by Jack Davis, SDSU Extension Crops Business Management Field Specialist and Shannon Sand, SDSU Extension Livestock Business Management Field Specialist
9:55 - 10:45 a.m. Macroeconomic Outlook - presented by Joe Santos, Professor Economics A&S

Break
11 - 11:30 a.m. Weather Update - presented by Laura Edwards, Acting State Climatologist & SDSU Extension Climate Field Specialist
11:30 - 12:15 p.m. Grain Market Outlook/Analysis - presented by Lisa Elliott, Assistant Professor & SDSU Extension Commodity Marketing Specialist

Lunch
1 - 1:30 p.m. Beef Budgets - presented by Heather Gessner, SDSU Extension Livestock Business Management Field Specialist
1:30 - 2:15 p.m. Current Feedlot Issues - presented by Warren Rusche, SDSU Extension Beef

Feedlot Management Associate
2:15 - 3 p.m. Livestock Market Analysis/Outlook - presented by Matthew Diersen, Professor & SDSU Extension Risk/Business Management Specialist

Online Registration preferred by October 17. Early registration, which ends Oct. 17, 2016, is $75. Registration after Oct. 17, 2016 is $100.

https://igrow.org/events/ag-lenders-conference-sioux-falls1/
On-Site Certified Banking Security Manager

December 13-14, Sioux Falls
The SDBA, ICBSD and SBS Institute is offering On-site Certified Banking Security Manager training on December 13-14 at the Ramada Inn in Sioux Falls. The two-day on-site certification is an opportunity to work closely with a security expert and network with peers.
Attendees will develop an entire information security program framework to take back to their institutions and understand how to successfully implement and manage each component of it.
Attendees will also boost their knowledge of layered security programs, gain confidence in their decision making with comprehensive cybersecurity knowledge and dive into FFIEC cybersecurity guidelines.
Learn More and Register

On Demand 
ACH Compliance Training Package

Registration information can be found at www.icbsd.com

The ICBSD and ICBND in collaboration with UMACHA are pleased to present a convenient and affordable solution for all your 2016 ACH compliance and risk management needs. 

ACH Audits and ACH Risk Assessments are like a day at the beach with the ACH Compliance Training Package!


While Same Day ACH may be a big theme this year, it is equally important to be sure you complete your required annual audit and update your risk assessment if needed. To help you do so, UMACHA in an exclusive partnership with the ICBSD and ICBND is excited to offer this one-of-a-kind package, including your very own copy of our 2016 ACH Audit Guide to aid you in meeting your NACHA Rules requirements.

This package features a special event available only to those who participate, where you can dial-in and ask UMACHA's ACH Rules experts any questions you have while completing your audit and risk assessment.This is one opportunity you cannot afford to miss!
  • Two 90-minute recorded webiars on how to complete your annual audit
  • 90-minute webiar on ACH Risk Assesment
  • Live Open Forum (October 25, 2016 from 2:00 - 3:30 PM Central Time)
Receive instant access to an exclusive webpage; all documentation and recorded webinars and presentations, and  UMACHA's ACH Audit Guide  immediately.

Then;
As a reminder, two days prior to the live forum October 25th, you will receive a confirmation with dial-in information and your own copy of the presentation materials.

  Access all of this for only $500
 Registration Information can be found at www.icbsd.com
Member News
CorTrust Bank ALM Community  Foundation awards grants

The CorTrust Bank ALM (Artesian, Letcher, Mount Vernon) Community Foundation Board of Directors met recently to award the its semi-annual grants.

The following distributions were approved: Mount Vernon Fire Department for $3,000 to be used toward the purchase of a new thermal imaging camera; and Artesian Volunteer Fire Department for $1,981 for the purchase of new wildland gear.

Read More
American Bank & Trust is looking for a Director of Credit Administration

This is an excellent opportunity for the right candidate looking to advance in their career and seeking growth opportunities with a locally owned successful organization.  This position is responsible for providing ongoing development and guidance to assure a strong credit administration culture bank-wide and is also responsible for providing assistance in maintaining an effective credit policy and managing the credit quality of the Bank's loan portfolio.  Assists the Chief Credit Officer and Senior Credit Analyst in the development and implementation of ongoing credit training.  Responsible for the management of a high quality loan portfolio as may be assigned.  Candidate should be able to interact with customers and employees with tact, diplomacy, and confidentiality and have thorough and extensive knowledge of the credit function and principles.  Minimum 10 years of commercial and/or ag lending experience, and 5 years of credit administration experience within a financial institution environment preferred.  Bachelor's degree in Business, Finance, Accounting or related business field or equivalent combination of education and experience. Completion of graduate level banking school preferred.  Full benefits package and competitive compensation based on qualifications.  American Bank & Trust  is an Equal Opportunity Employer - Member FDIC  

Send resume to: HR Manager, American Bank  & Trust, 1820 Dakota Ave S, Huron, SD 57350 or apply online at www.abt.bank. 
Associate Member News
Agriculture/Commercial Lender

Our client, Pioneer Bank & Trust has two openings one in their Sturgis, SD location and one in their Buffalo, SD location for an Agriculture/Commercial Lender. The successful applicant will be responsible for developing, servicing and retaining profitable customer relationships.

Qualifications include a bachelor's degree in accounting, finance or business. The individual must demonstrate strong communication and leadership skills and be committed to participate in and promote community activities. A minimum of 3 years of experience as an ag and commercial lender is preferred.

Pioneer Bank & Trust is a locally owned, totally independent community bank that has been serving the banking needs of Western, SD since 1913 and offers a comprehensive compensation and benefits package. Pioneer Bank & Trust is proud to be an affirmative action/equal opportunity employer. EOE AA M/F/Vet/Disability



ICBA Securities, the institutional broker/dealer of the ICBA, will present a webinar on October 18 exclusively for the state associations that endorse ICBA Securities, as well as other community banks.  This is the seventh in the 2016 webinar series. 

The community bank environment continues to improve and this session will address the current merger and acquisition environment.  We will review recent community bank transactions to provide benchmarks that help define current market value.  We will also discuss the key factors that contribute to your bank's value and provide an update on the capital market for financial institutions. 
 
What You'll Learn:
  • Current bank valuations based on a range of common metrics
  • The drivers of value for investors
  • The impact of geography on pricing
  • A review of pricing multiples for recently announced M&A transactions
  • Characteristics of successful mergers                                    
The webinar will last approximately 1 hour. 
 

Community Banker Education
Community Bankers
Webinar  Network Courses 
Printable 2016 Webinar Schedule

Oct 12 - Call Report Series: Complying with Complex Call Report Lending Schedule Preparation
Oct 13 - Indirect Lending: Rules, Rewards, Risks
Oct 14 - Countdown to the New Overtime Rules: How to Bring Your Bank into Compliance by the December 1, 2016 Deadline
Oct 18 - HR Series: Essential HR Recordkeeping from Hiring to Firing
Oct 19 - Liquidity Funding Concerns in a Rising Interest Rate Market
Oct 20 - Understanding Title Insurance Policies, Commitments & ALTA Endorsements
Oct 21 - Overdraft Outlook: Litigation Lessons, Avoiding Violations & Best Practices
Oct 24 - Demystifying TRID Issues & FAQs for Construction-Only & Construction-to-Permanent Lending
Oct 26 - Opening Trust Accounts: Documentation, Signatories & FDIC Insurance Coverage
Oct 27 - Debt Collection Series: Maximizing Recoveries on Charged-Off Loans
Nov 2 - Cyber Series: Customer Authentication & Validation: The New Normal in Risk Mitigation
Nov 3 - Notary Essentials & Legalities for Community Banks
Nov 4 - Nonresident Alien Accounts: W-8s, W-8BENs, BSA, Rules & More
Nov 7 - New CFPB Amended Rules for Mortgage Foreclosure & Bankruptcy Protections: Preparing Now for the 2017 Effective
Nov 8 - Audit Compliance Series: Developing a Risk-Based Compliance Audit Process for Deposits
Nov 9 - Quarterly Emerging Leader Series: FFIEC Reporting & Guidance for CRA Compliance
Nov 14 - Proper Repossession, Notice & Sale of Non-Real Estate Collateral
Nov 15 - Director Series: What the Board Needs to Know to Manage IT
Nov 16 - Appraisal & Evaluation Guidance on Collateral Valuation: Lender & Board Perspectives
Nov 17 - Recognizing & Responding to Elder Fraud: What Every Staff Member Should Know
SBS Institute Certifications
October 2016

Oct 17 - CBSTP, Certified Banking Security Technology Professional

Oct 24 - CBSE, Certified Banking Security Executive

November 2016

Nov 7 - CBSM, Certified Banking Security Manager

Nov 14 - CBCM, Certified Banking Cybersecurity Manager
From the Web
The Wells Fargo Scam Is a Gift to No One       
While the Wells Fargo scandal might offer marketing opportunities for community banks, the megabank's consumer fraud is far from a gift for the industry. 
Moving From Passwords to Biometric Banking
As digital transformation continues across all industries, the need for an increasing number of passwords is becoming problematic. Financial institutions need to investigate acceptable alternatives that balance security and simplicity.
Community Bank Insight            
This Bubble Blind Fed is Going to Trigger Another Brutal Recession       
Federal Reserve head Janet Yellen is keeping alive the tradition of her predecessors by showing blind to the bubbles central banks are creating. 
BankDirector.com               
Need to Grow? Try Data       
A common factor stunting growth is disconnectedness between analysts, teams and departments when it comes to day-to-day operational or regulatory information.
Banking.com             
Mobile Payments--Opportunities and Obstacles     
Mobile payments are becoming an increasingly common and important part of the global financial system.
Banking Exchange       
Non-Cash Payments Reach Records 
Cash hasn't been king for a long time, and its cost continues to rise amidst strong growth in global non-cash payments.
FinXTech           
How Fintech is Improving Back Office Efficiency  
The fintech revolution has had a dramatic impact on the financial services industry. From digital wealth management, to automated payment systems, a variety of disruptive technologies have made their mark on the sector.
E-News Sponsor
CBFS
The right coverage, specifically for your community bank.
Capitol Comments

The August edition of the ICBSD Capitol Comments is now posted on our website at  http://www.icbsd.com/capitol-comments.  You may also view them as a  PDF File.  

In addition to Capitol Comments, we are now also providing a document entitled
"Final Federal Regulations"  that has  selected  final federal rules going all the way back to 2009 sorted by effective date.  

Please view the Final Federal Regulations list on our website at http://www.icbsd.com/capitol-comments or as a PDF File available here.
2016 Series - 6 for the price of 5

Debt Collection Series

Audit Compliance Series

Director Series

HR Series 

Call Report Series 

Cyber Series

 

View More Information about all of our 2016 Webinar Series
New DELL Discounts





800-757-8442
ICBA Member ID: 141351622

More Information: Place your order through the ICBA/Dell page to receive these discounts!
Banking Fun Fact

Willis Bailey

When Willis Bailey became governor of the Federal Reserve Bank of Kansas City in 1922, it was not the first time he had been referred to by that title. Learn more about him here. 


 
Let ICBPE be your one-stop shop for HOLIDAY GIFT GIVING  

In addition to the many options of promotional style items, we can also provide EDIBLE GOODS. 
  
Save yourself some time and let us find that 'just right' gift for your customers, staff, board of directors, etc.
 
 
Contact Jess or Lacey  
to place your order  today  at
701-258-8748 or via email at   
[email protected]
 
What's New?
What's happening at your bank? Events? Promotions? New hires? Retirements? Awards? Community projects? Charitable activities?

Contact Summer at [email protected]. If you don't have time to write an article, send a description of what happened, and we'll put it together for you.