July 7 - CBA Today eNewsletter - COMMUNITY BANKERS ASSOCIATION OF GEORGIA

Serving on a CBA Committee is a smart way to learn, build strong relationships with peers across the state, and support Georgia’s community banking industry. Currently over 100 bankers and associate members serve on CBA committees. Their expertise and input help CBA address various issues through educational programs, advocacy, and member services.

“Member engagement is critical to the success of the association,” said John McNair, CBA President & CEO. “We are fortunate to have numerous community bankers with various areas of expertise who want to be involved and their work is extremely impactful.”

Meet the 2021-2022 Committee Chairs. Special thanks to this dedicated group for their willingness to serve and support the Association. If you are interested in serving on a committee, contact the CBA liaison for more information. View all CBA committees and members.

Advocacy Chair
Neil Stevens
Oconee State Bank
Watkinsville

Agriculture Chair
Stephen Lewis
First National Bank
of Coffee County
Douglas

By-Laws Chair
Mike Sale
The Commercial Bank
Crawford

Education Chair
Kyle Ray
First Bank
Dalton

Finance/Audit Chair
Bran Thompson
South Georgia Bank
Glennville

Innovation Chair
Chris Stanley
Atlantic Capital Bank
Atlanta

LEAD Chair
Brian Bazemore
Community Bank of Dublin - Laurens County

Marketing & Communication Chair
Kim Colby
Flint Community Bank
Albany

Member Services Chair
Mani Swarnam
Georgia Primary Bank
Atlanta

Membership Chair
Greg Proffitt
Newton Federal Bank
Covington

Nominations Chair
Richy Everly
Bank of Wrightsville

Associate Member Chair
Mark Faas
Point to Point Environmental
McDonough

David Lance, Greater Community Bank,
Featured as a Georgia Economic First Responder
David Lance, President & CEO, Greater Community Bank, Rome, is featured in this month’s issue of Georgia Trend magazine for his bank’s efforts in the PPP program. Mr. Lance noted the creative ways his team was able to deliver banking services to customers, helping small business and their communities. Greater Community Bank made $48 million in PPP loans. Read the entire article.

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:

First National Bank of Coffee County - Mr. Dale Morris
Flint Community Bank - Mr. Scott Tomlinson
The Commercial Bank, Crawford - Mr. Andy Thomas
Oconee State Bank, Watkinsville - Mr. Neil Stevens
Legacy State Bank, Loganville - Mr. Bill Walker

Georgia’s community bankers do great things in their communities every day. Here is the latest on community outreach and news from CBA Members:

Conner Thigpen, AVP/Loan Officer, Mount Vernon Bank, Vidalia, presented Montgomery County Recreation Department with a check in the amount of $4,800 to help complete the installation of scoreboards on fields 2 and 3.

Matt Robbins has been promoted to Executive Vice President at Greater Community Bank, Rome.

Sherry McDonald has joined SunMark Community Bank, Hawkinsville, as a Mortgage Loan Originator.

Brandi Shipes has joined SunMark Community Bank, Hawkinsville, as a member of the bank’s mortgage team.

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:

Impaired Loans
Tuesday, August 31, 2021
James-Bates-Brannon-Groover Macon Office or Live Virtual STREAM
According to the Financial Accounting Standard Board, a loan is impaired when, based on current information and events, it is probable that a creditor will be unable to collect all amounts due (Principal and Interest) according to the original contractual terms of the loan agreement. It is implicit in these conditions that it must be probable that one or more future events will occur, confirming the fact of the loss.

In the current economic environment, bankers find themselves with a portfolio of loans that are considered “Impaired,” and as such, they require special treatment. In managing Impaired Loans, there are two distinct requirements that must be employed as follows:

1. Proper “Accounting” and management of Impaired Loans under ASC 310 (formerly FAS 114) and proper Trouble Debt Restructure Accounting.
2. Employing proven commercial loan collection strategies and techniques to increase the probability of being repaid from sources other than the liquidation of collateral.

Learn more and register.

Instructor: Jeffery Johnson
Bankers Insight Group

Mauldin & Jenkins, LLC provides a full range of services including, audit, tax, internal audit, risk management, compliance, loan review, information technology, and consulting advice to publicly and privately held financial institutions throughout the Southeast. For 100 years, M&J's financial institution expertise has represented a pool of resources that allows us to customize services to meet your institution's specific needs. Our goal is to build relationships and continue our tradition of success one satisfied client at a time.

To learn more, contact Ron Mitchell at 229-446-3600 or visit their website.

Here are some of the latest news stories relevant to community banking and the financial services industry:

July 7, 2021