The Daily Dividend: FMS Publications

News, notes and insights from around the industry

JULY 11, 2018
FMS Research: Year over Year
By Mark Loehrke, Editor, Financial Managers Society

FMS Research: Year over YearOne of the great benefits of fielding a research study for a second consecutive year is the ability to compare data from the two surveys to identify potential trends and to see how things have – or haven’t – changed. That’s exactly what we’ve done for the first breakout piece from Community Mindset: Bank and Credit Union Leadership Viewpoints 2018.

In What a Difference a Year Makes: 2017 v. 2018, we dive into the data from 2017’s survey to compare it against the responses we received from this year’s group of 400 bank and credit union executives. What did we find?

 

M&A Movement

The M&A market seems to be heating up, with 64% of respondents identifying themselves as either prospective buyers or prospective sellers in 2018 – compared to just 50% last year.

 

Regulatory Reversal

While regulatory burden still rates as a significant challenge for most banks and credit unions in 2018, recent relief efforts seem to be having their desired effect, with the number of survey respondents characterizing their burden as reasonable in 2018 up by 18 percentage points from the previous year and those viewing the burden as a bit too heavy down by 13 percentage points for the same period.  

 

Mobile on the Move

Customers and members may still be logging on to much of their banking in 2018, but more and more are now doing so from their phones rather than their computers, with executives noting that online banking in their institutions is down by around 12%, while mobile is up by 7%.

 

These are just a handful of the fascinating comparisons to be found between our 2017 and 2018 data – be sure to check out the full story for a timely snapshot of the state of community banks and credit unions in 2018.
 

JULY 2, 2018
FMS Publications: Managing with a Forward View
By Mark Loehrke, Editor, Financial Managers Society

It’s a all-too-familiar conundrum for small (and even not-so-small) institutions – everyone is so busy handling current-day issues and reviewing recent results that they end up with little time for big-picture planning. Yet without that forward-looking strategic perspective, it’s easy to get mired in the weeds and to be left unprepared for what’s coming next.

In our latest FMS Perspectives piece, “Managing With a Forward View,”  Mary Ellen Biery from Sageworks explains how incorporating forward-looking indicators – many of which can be generated automatically through technology – can help executives quickly understand trends in their portfolio and use those insights to inform strategic planning.

JUNE 26, 2018
FMS Quick Poll: CFO Responsibilities
By Mark Loehrke, Editor, Financial Managers Society

Inspired by a suggestion from new FMS Chairman Steve Fusco, we directed our latest Quick Poll to member CFOs, asking them about their expanding responsibilities – specifically, where their direct or indirect reports lie within their institutions.

With more than 130 responses, we found the corporate support (HR, facilities, administration, etc.) and risk management (BSA, compliance, internal audit, etc.) areas to hold the most potential for direct reporting to the CFO, while indirect reporting relationships are widespread in not only these two areas, but in operations (loan operations, deposit operations, etc.) as well. 

Read the full Perspectives piece to see how the numbers break down, and to find out what our member CFOs see as the biggest challenges facing their institutions in the coming years.
 

JUNE 25, 2018
FMS forward: Wedding Season Edition
By Hilary Collins, Specialist, Publications and Research, Financial Managers Society

It’s summertime and your July-August issue of FMS forward is celebrating the joys of a lasting union – between financial institutions, that is.

Our cover story goes behind the veil for all things M&A – from taking the current temperature of the merger market to examining how rising rates and regulatory rollbacks are impacting buyers and sellers. We also check in with industry leaders to talk about how credit unions are handling M&A, why acquisition is becoming a succession planning issue, why it makes sense to think about vendor contracts before doing a deal, and much more.

Elsewhere in this issue we take a look at the demise of LIBOR, the habits of high-performing banks and the negative impact of ethical risk. We also sit down for a homespun chat with author, strategist and recent Forum keynote speaker Chip Bell and take a stroll down memory lane with a look back on the evolution of technology over the 70 years of FMS.

There’s something for everybody, so start your beach reading today!
 

JUNE 21, 2018
Model Behavior
By Mark Loehrke, Editor, Financial Managers Society

Over the years, successive versions of the FMS publication Choosing the Right ALM Modeling Solution have long been among our most popular member offerings. That’s why we’re extremely excited to introduce our newly published seventh edition of this terrific member resource!

Once again spanning a range of in-house models, outsourced models and risk assessments from a dozen industry-leading ALM model vendors – along with a new introduction and supporting information from Christine Mills of MountainView Financial Solutions – this is a great reference work for any institution looking for a new ALM solution, considering a change of vendor or contemplating a shift from an in-house to outsourced model.

Best of all, the new seventh edition is offered as a convenient online flipbook and, as always, is complementary for FMS members.
 

JUNE 19, 2018
Summer of Research
By Mark Loehrke, Editor, Financial Managers Society

Summer of ResearchEven as you continue to pore over the thoughts and opinions of the 400 bank and credit union executives who helped shape the proprietary research in our 2018 Community Mindset: Bank and Credit Union Leadership Viewpoints report, FMS has been working with our partners to provide FMS members with two more terrific resources for industry data and insights to review this summer. 

 

The 2018 FMS Compensation Survey

Developed in partnership with BalancedComp and IZALE Financial Group, this valuable member-only resource offers competitive market data to help determine how your institution’s compensation and benefit payouts compare with those of your bank and credit union peers. Take advantage of this brand new research effort to help guide the salary and incentive pay decisions in your institution.

 

2018 Profitability Perspectives: Analytical Trends in Financial Institutions

Working with Kaufman Hall, we compiled the responses of more than 175 senior finance professionals in banks and credit unions across the country to find out what they were doing to measure profitability in their institutions. From measuring profitability across multiple dimensions to making high-quality pricing decisions, compare their responses to the profitability practices and priorities in your institution with this great new resource.
 

JUNE 15, 2018
New Digs
By Mark Loehrke, Editor, Financial Managers Society

New DigsFMS is on the move – but only by a few floors. Effective Monday, June 18, our new physical and mailing address will be:

1 N. LaSalle Street

Suite 2225

Chicago, IL 60602

 

It’s the same street address, but a different suite number. So please update your records accordingly, and be sure to send all checks, correspondence, housewarming gifts and Daily Dividend fan mail to our new home.
 



Contributors


Mark Loehrke
Editor and Director, Publications and Research
Email: mloehrke@FMSinc.org 



Danielle Holland
President/CEO
Email: dholland@FMSinc.org 




Hilary Collins
Specialist, Publications and Research
Email: hcollins@FMSinc.org