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CBA's PAC/PR Funds
Advocacy Update
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Conventions
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Community Bank Leadership Academy
Check Out Our
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2021 has seen both challenges and major accomplishments for CBA and Georgia’s community banking industry. We look forward to expanding our member experience in 2022 through strong lobbying efforts, continuously enhanced professional development programs, and innovative solutions from our vendor partners.
"Membership in CBA is an investment in your bank’s future. With the same dedication and commitment you use to serve your customers and communities, CBA pledges to help you succeed in today’s challenging financial services environment. We appreciate your continued support and involvement. This is your association and we encourage your participation and input anytime,” explained John McNair, CBA President & CEO.
CBA member banks will be receiving a statement for their annual membership dues next week. If you have any questions regarding your membership, please contact CBA. See all the benefits of membership.
"Membership in CBA is an investment in your bank’s future. With the same dedication and commitment you use to serve your customers and communities, CBA pledges to help you succeed in today’s challenging financial services environment. We appreciate your continued support and involvement. This is your association and we encourage your participation and input anytime,” explained John McNair, CBA President & CEO.
CBA member banks will be receiving a statement for their annual membership dues next week. If you have any questions regarding your membership, please contact CBA. See all the benefits of membership.
Community Banks Reported a 19.6 Percent Increase in Quarterly Net Income Year Over Year
The Third Quarter 2021 report from the FDIC shows community banks reported annual net income growth of $1.4 billion, supported by an increase in net interest income and a decline in provision expense. Provision expenses declined $1.4 billion (83.5 percent) from a year ago and increased $219.2 million (427.9 percent) from the previous quarter. Higher commercial and industrial (C&I) loan income, reflecting, in part, increased fee income from the payoff and forgiveness of Paycheck Protection Program (PPP) loans, and helped lift net interest income $2.2 billion (11.7 percent) from the same quarter a year ago.
The net interest margin for community banks expanded 3 basis points from the year-ago quarter to 3.31 percent, as the continued reduction in average funding costs outpaced the decline in earning asset yields. Nearly two-thirds (65.8 percent) of the 4,450 FDIC-insured community banks reported higher quarterly net income. Click here to access Quarterly Banking Profile home page.
The Third Quarter 2021 report from the FDIC shows community banks reported annual net income growth of $1.4 billion, supported by an increase in net interest income and a decline in provision expense. Provision expenses declined $1.4 billion (83.5 percent) from a year ago and increased $219.2 million (427.9 percent) from the previous quarter. Higher commercial and industrial (C&I) loan income, reflecting, in part, increased fee income from the payoff and forgiveness of Paycheck Protection Program (PPP) loans, and helped lift net interest income $2.2 billion (11.7 percent) from the same quarter a year ago.
The net interest margin for community banks expanded 3 basis points from the year-ago quarter to 3.31 percent, as the continued reduction in average funding costs outpaced the decline in earning asset yields. Nearly two-thirds (65.8 percent) of the 4,450 FDIC-insured community banks reported higher quarterly net income. Click here to access Quarterly Banking Profile home page.
Meet the Exhibitors at CBA's Fintech Forum
It’s not too late to register for CBA’s Fintech Forum, December 13-14, 2021, at the Georgia Tech Hotel & Conference Center. Digital transformation is top of mind for Georgia community banks, and CBA has secured an informative line-up of presenters, fintech organizations, and of course, exhibitors. The forum offers networking galore during the reception, breakfast, breaks and lunch. Meet the exhibitors and learn how they can help your bank. Click here for more information and to register.
It’s not too late to register for CBA’s Fintech Forum, December 13-14, 2021, at the Georgia Tech Hotel & Conference Center. Digital transformation is top of mind for Georgia community banks, and CBA has secured an informative line-up of presenters, fintech organizations, and of course, exhibitors. The forum offers networking galore during the reception, breakfast, breaks and lunch. Meet the exhibitors and learn how they can help your bank. Click here for more information and to register.
CBA PAC Fund: Thank You!
At CBA, we must constantly build and renew relationships with legislators that understand and support community banking.
Thank you to the following banks for their generous contributions to CBA’s PAC Fund:
At CBA, we must constantly build and renew relationships with legislators that understand and support community banking.
Thank you to the following banks for their generous contributions to CBA’s PAC Fund:
- South Georgia Bank, Glennville – Special Thanks to the following directors for their support:
Mr. Bran Thompson | Mr. John Shuman | Mr. Steve Kimbrell | Mr. Greg Woolard | Mr. McCall Woolard
Mr. Paul Rose | Mr. Troy Rahn | Mr. Ed Nelson | Mr. Dale Dutton
John McNair in Annual "Atlanta Gives Thanks" Feature
Each year, the Atlanta Business Chronicle reaches out to CBA President/CEO John McNair, asking what he is grateful for as an area CEO. This year, John recognized the team at CBA.
Each year, the Atlanta Business Chronicle reaches out to CBA President/CEO John McNair, asking what he is grateful for as an area CEO. This year, John recognized the team at CBA.
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Sympathy
CBA extends our thoughts and prayers to long-time CBA instructor and friend Jeffery Johnson, Bankers-Insight Group, LLC, on the recent passing of his wife Jeannie. The service for Jeannie will be held Monday, December 6, 2021. |
Georgia’s community bankers do great things in their communities every day. Here is the latest on community outreach and news from CBA Members:
- Exchange Bank, Milledgeville, and Georgia Military College have partnered to further the education of Exchange Bank employees. Starting January 12th, “GMC Exchange Bank Cohort” students will begin their first classes as they pursue both a college degree and a promotable career path. Read press release.
Legacy State Bank, Loganville, congratulates Chuck Drexler, EVP and Chief Lending Officer, on his retirement December 31, 2021. The bank thanks him for his many contributions, steady leadership and wishes him well in his next chapter.
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Becky Cooper has been promoted to Assistant Vice President & Trust Officer at Century Bank & Trust, Milledgeville.
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Think CBA First for Your Professional Development Needs!
Be sure to think of CBA first when it comes to your training and Professional Development needs. Here are some upcoming CBA events:
Be sure to think of CBA first when it comes to your training and Professional Development needs. Here are some upcoming CBA events:
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Session IV: December 7, 2021
Register now for high-level in-person peer connections exclusively offered in CBA’s Executive Channel. The Executive Channel provides a direct connection for executive bankers from across the state! CBA has gathered for you a group of industry leaders to share information and guide discussions. Interest Rate Risk Management Tools, Tommy Warren , Vining Sparks Despite a yield curve that has steepened from unusually flat levels, low nominal interest rates and the possibly for continued Fed involvement have the potential to pressure net interest margins further in 2021. Balance sheet managers understand the implications of interest rate volatility all too well, as optionality on balance sheets led to a flurry of unexpected cash flows throughout 2020. We will provide an overview of effective management of IRR to help bankers prepare for examinations and present strategies designed to assist your financial institution in maintaining a reasonable profitability level. Strategies and Implications for Higher Rates, Jim Reber, ICBA Securities Persistent high inflation is causing the Federal Reserve to adjust its monetary policy to a sooner-than-later proposition. Community banks are generally built for rising rates, but there is also a playbook for investing in bonds that will perform well if the market begins to price in rate hikes. We will discuss popular securities that would fit these criteria and suggest strategies for altering a bank’s interest rate risk profile. Register today! 
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Webinar: Tax Update for Financial Institutions
December 2, 2021 | 11:00 AM — 12:30 PM
Partners from Wipfli will share their insights on the provisions in the new tax law and IRS guidance for institutions and how they can best prepare, including:
December 2, 2021 | 11:00 AM — 12:30 PM
Partners from Wipfli will share their insights on the provisions in the new tax law and IRS guidance for institutions and how they can best prepare, including:
- Federal tax changes affecting C corporations and S corporations | Recent and proposed tax legislation
Tax planning strategies and opportunities for tax savings - Update on IRS audit activities | Tax-related accounting issues
Webinar: 2022 Loan Growth:
Finding It and Managing the Risk
December 7, 2021 | 2:00 PM
Many banks saw negative average loan growth in 3Q 2021, and the challenges are still with us—potentially leading to further trouble for net interest margins and growth strategies. Arne Monson, Holtmeyer & Monson and David Ruffin, IntelliCredit will discuss current lending trends, hot opportunities and more. You’ll learn about sectors and niches to focus your lending efforts on, and how to manage loan growth in new areas without incurring inordinate risk. They will also share how banks can transfer PPP loan success into a permanent government-guaranteed lending program, covering how to get started, best practices and the right prospects to target. Learn more and register.
Finding It and Managing the Risk
December 7, 2021 | 2:00 PM
Many banks saw negative average loan growth in 3Q 2021, and the challenges are still with us—potentially leading to further trouble for net interest margins and growth strategies. Arne Monson, Holtmeyer & Monson and David Ruffin, IntelliCredit will discuss current lending trends, hot opportunities and more. You’ll learn about sectors and niches to focus your lending efforts on, and how to manage loan growth in new areas without incurring inordinate risk. They will also share how banks can transfer PPP loan success into a permanent government-guaranteed lending program, covering how to get started, best practices and the right prospects to target. Learn more and register.
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Founded in 1993, Crescent Mortgage has always been the premier provider of secondary mortgage offerings for community banks. As a community bank-owned, top 25 national wholesale and correspondent lender, we are "totally committed to daily exceeding the expectations of our customers."
Loan products include Fannie Mae, Freddie Mac, FHA, VA, USDA, Jumbo, and one-time close construction to permanent financing. We offer Wholesale and Correspondent lending options, contract processing, free training, as well as free access to loan origination, compliance and automated underwriting systems. Crescent will help you increase your profit and reduce your risk in mortgage lending. To learn more, contact Skip Willcox at 478-357-4441 or visit their website. |
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Here are some of the latest news stories relevant to community banking and the financial services industry:
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