The Daily Dividend: FMS Publications

News, notes and insights from around the industry

FEBRUARY 21, 2017
Extra! Extra! New FMS Update now available!
By Mark Loehrke, Editor, Financial Managers Society

FMS UpdateBe sure to check out the latest issue of FMS Update for: 

 A Q&A with Robert Perry of ALM First on hedging interest rate risk

 A preview of The FMS Forum 2017 in Las Vegas

 A look at the results of a recent study on banking customers’ attitudes toward banking technology

 A wrap-up of recent movement on the FMS Board

All of these stories, plus a sit-down with Marshall Community Credit Union CFO Julie Zink in the Member Spotlight, are available in today’s issue. Enjoy!


FEBRUARY 15, 2017
Reading Shelf: ALLL and More
By Mark Loehrke, Editor, Financial Managers Society

In his new Perspectives piece Analyzing Your institution’s Portfolio Risk Within Your ALLL, Jamie Buzzerio of Sageworks outlines four ways that institutions can use their existing allowance-calculation data to better understand the risk in their portfolio and provide even more risk intelligence.

Give it a read, and while you’re browsing the FMS Perspectives reading shelf be sure to check out some of our other recent additions.  

FEBRUARY 8, 2017
Extra! Extra! New FMS Update now available!
By Mark Loehrke, Editor, Financial Managers Society

FMS UpdateAn early deadline – not to mention the lack of a sports section – prevented us from covering New England’s amazing comeback victory on Sunday, but there are lots of other good things to read about in the latest issue of FMS Update, including:   

Regulatory Roundup
Despite a lack of major new proposals in the works, a new study from Deloitte sees plenty to keep institutions busy in 2017. 

Questioning CECL
As CECL bears down, a handful of regulatory agencies have teamed up with an 18-page FAQ document covering the new accounting standard.

Call to Action
The revolution will not be itemized – or something like that. Ann Thomas offers a few thoughts on the newly streamlined Call Report. 

Sounding Board
If you or someone you know has had a seat on the FMS Board of Directors on the old bucket list, our Call for Nominations is a great step toward checking that life-goal box. 

All of these stories, plus the Member Spotlight, are ready and waiting in this issue.  As always, if you have an idea for a future Update story or a good subject for our Member Spotlight, be sure to let us know.

FEBRUARY 3, 2017
Reading Shelf: Two New Perspectives
By Mark Loehrke, Editor, Financial Managers Society

Since there doesn’t figure to be anything terribly compelling on television this weekend, it’s probably a great time to just fire up some chicken wings and guacamole and settle in with a couple of super new pieces on the FMS Perspectives reading shelf. 

Steady As She Goes
Janet Yellen, that is, who didn’t have much to say this week as her FOMC opted to leave rates unchanged in its first meeting of 2017. The committee’s accompanying statement, however, had plenty of optimistic observations about the current state of the U.S. economy, stoking the general sentiment that the Fed’s intended rate increases for the remainder of the year are likely still on track. In light of the lack of movement this week but the expected moves ahead, Robert Segal of Atlantic Capital Strategies says in his latest Fed report that institutions may have some interesting investment decisions to make.  

Streamlining Reconciliation 
Is it possible for reconciliation to be something more than simply a spreadsheet-crazy and labor-intensive exercise? Is there more strategic insight and value to be gleaned from automating and standardizing the process across the institution? Eric Werab from Fiserv lays out the argument for a better, more streamlined reconciliation process in three parts in his recent article.

JANUARY  30, 2017
Go [insert team name here]!
By Danielle Holland, President/CEO, Financial Managers Society

It’s that time of year again – be sure to head over to FMS Connect this week to make your prediction in our second annual Super Bowl contest for a chance to win a fabulous FMS prize package. 

As a native New Yorker, I personally don’t have a passionate rooting interest this year – especially since beating Brady and Belichick in the big game is kind of old hat for this longtime Giants fan – but I still like the Falcons. What’s your pick?

Enjoy the game, good luck in the contest and be sure to watch for FMS’ $5-million 30-second commercial during the third quarter (just kidding).

JANUARY 27, 2017
Anecdotal Evidence
By Mark Loehrke, Editor, Financial Managers Society

PFM Banking IndexOne of the revelations of our current data-driven technological age has been the ability to apply hard facts to debates that were long the province of speculation and supposition. For example, one needs no longer wonder whether his or her favorite NBA star is actually a ball-hogging, offense-stalling, bad-shot-chucking me-first player – the truth is right there in the efficiency ratings and advanced metrics that either undermine or further support his gaudy statistics.

Perhaps of more interest to a community banker, however, would be a tool for determining what his or her peers are holding in their investment portfolios. While the underlying information has long been available via quarterly Call Report data, there has never been a convenient way to compile and make meaningful sense of it – until now. Developed by PFM Asset Management LLC and distributed in partnership with FMS, the first-of-its-kind Community Bank Investment Index (CBI Index) aims to take some of the guesswork out of this exercise. 

The CBI Index is comprised of the constituent investments of more than 5,000 community institutions across the country (this white paper provides a more detailed explanation of how the index is put together. The goal of the quarterly index is to give community bankers an objective benchmark for comparing their own investment portfolio makeup and performance against those of their competitors, and FMS is proud to offer it as yet another great resource to our members.    

JANUARY 24, 2017
Extra! Extra! New FMS Update now available!
By Mark Loehrke, Editor, Financial Managers Society

FMS UpdateThe latest issue of FMS Update hits the virtual newsstand today – here are some of the topics we’re covering this time around:   

Economic Outlook 2017: Smooth Sailing?
Economists Craig Dismuke of Vining Sparks and Anirban Basu of Sage Policy Group weigh in on what’s on the horizon for the U.S. economy, and how community institutions can expect to be affected.   

CRE Lending: Intense Concentration
David Bartus from BKD LLP goes into further depth on several of the issues surrounding loan review he discussed in his recent webinar for FMS. 

OCC Semiannual Risk Perspective: All is Wells
In its latest risk missive, the agency reiterates a number of ongoing concerns while adding sales practices to its watch list.

CBI Index: Portfolio Insights
FMS is proud to offer our members access to the new PFM Community Bank Index, which provides a peek inside community banks’ investment portfolios.

Be sure to check out all of these stories, plus the Member Spotlight, in today’s issue. As always, if you have an idea for a future Update story or a good subject for our Member Spotlight, be sure to let us know.



Mark Loehrke

Danielle Holland

Tom King
Director of Professional Development

Autumn Wolfer
Director of Marketing/Membership