CBA
Showing 177–192 of 255 results
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BANK Wire – Expanded reporting of interest paid to nonresident aliens
Fall 2012
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 422
Abstract: This issue’s “BANK Wire” looks at expanded reporting requirements for interest paid to nonresident aliens; the scheduled end of mandatory unlimited coverage of non-interest-bearing transaction accounts and Interest on Lawyer Trust Accounts (IOLTAs); and new federal interagency guidance to help protect military homeowners who receive Permanent Change of Station (PCS) orders.
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Looking for trouble – When is a loan restructuring a TDR?
Fall 2012
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 637
Abstract: Classifying restructured loans as “troubled debt restructurings” (TDRs) could have a significant impact on a bank’s financial statements. A restructuring is a TDR if a bank or other creditor, for economic or legal reasons related to a borrower’s financial difficulties, grants a concession to the borrower it wouldn’t otherwise consider. But what qualifies as a “concession”? This article discusses recent guidance on this matter from the Financial Accounting Standards Board (FASB) and the Office of the Comptroller of the Currency (OCC).
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Where the fraudsters go
Fall 2012
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 652
Abstract: Fraud hurts many aspects of a business — including its ability to repay its bank loans. An astute lender knows where to look on a client’s balance sheet to catch a whiff of fraud. Because fraud escalates in down economies, lenders have their work cut out for them — but less so if they know what they’re looking for. This article discusses specifically what to look for when examining inventory and accounts receivable and payable.
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Cloud computing: What banks need to know
Fall 2012
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 792
Abstract: Moving IT operations to the “cloud” offers substantial benefits, but many banks are reluctant to embrace cloud computing because of concerns about information security, data reliability and regulatory compliance. These concerns are legitimate, particularly when outsourced cloud services are provided over the Internet. This article discusses cloud computing and its benefits, but also shows how banks can conduct thorough due diligence and take other steps to manage the risks. A sidebar offers three specific due diligence tips.
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Electronic records management – Why your bank needs a comprehensive policy
Summer 2008
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 1091
Abstract: Paper is so last century. The days when businesses worried about where they would store their records are over. Today, it’s estimated that more than 90% of all business records are created in electronic form, and most of those are never printed at all. A comprehensive records management policy, therefore, is more important than ever before. (Updated 8/29/12)
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Taking care of business – 6 steps to an effective continuity plan
Winter 2008
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 754
Abstract: Every company should have a business continuity plan (BCP) for maintaining or recovering operations if natural disaster hits, technology fails, terrorists attack — or your business is in some other way interrupted. For financial institutions, the ante is especially high. Thus, it’s critical for banks to have a BCP to minimize financial loss and ensure they can continue serving customers. (Updated 8/29/12)
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Bank-owned life insurance – Should you take out policies on your employees?
Winter 2008
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 1222
Abstract: As employee benefits costs continue to climb, many banks are turning to bank-owned life insurance (BOLI) to help offset the expense. If your bank uses BOLI or is contemplating doing so, it’s critical to review recent legislative, regulatory and accounting developments in this area. BOLI remains an effective tool, but it’s important to know its limits and potential impact on your institution’s financial statements. (Updated 8/29/12)
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BANK Wire – JOBS Act raises SEC threshold
Summer 2012
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 405
Abstract: This issue’s “BANK Wire” looks at news items regarding a higher threshold for SEC registration; the threat of lawsuits involving ATMs that fail to display a physical notice of ATM fees; the expanded role of the Consumer Financial Protection Bureau in accepting bank-related complaints; and the newly revised “Concentrations of Credit” booklet — available from the Office of the Comptroller of the Currency — regarding compliance with examiners’ guidelines about risky concentrations of commercial real estate loans.
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Wealth management programs – How to “carry” a millionaire
Summer 2012
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 577
Abstract: The greatest advantage community banks have over larger banks is their ability to build long-term customer relationships. This article shows how money management services, particularly for those with ample funds to invest, can grow customer relationships while enhancing the revenue stream. It discusses what’s involved in developing a wealth management program, including automated technologies and sufficient staffing.
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Managing outsourcing risks
Summer 2012
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 688
Abstract: Outsourcing operational functions to third parties offers small to midsize banks significant benefits and cost savings. With access to sophisticated technology and expertise — and the advantage of economies of scale — third-party providers typically can perform these functions far more cost-effectively than an individual bank could. But banks need to make sure that they have policies and procedures in place to manage the risks associated with third parties. This article discusses four essential elements of an effective risk management process, as outlined by the FDIC’s Financial Institution Letter 44-2008, “Guidance for Managing Third-Party Risk.”
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Cross-collateralization: Handle with care
Summer 2012
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 827
Abstract: One potential strategy for reducing risk associated with commercial loans is cross-collateralization — that is, using multiple properties to secure a loan associated with one property. This strategy can provide significant benefits, but it raises several issues banks must consider before adoption. This article discusses some of the accounting concerns, along with considerations involved when restructuring debt. A sidebar highlights two Department of Labor advisory opinions regarding cross-collateralization agreements with IRA owners.
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BANK Wire – OCC provides foreclosure guidance
Spring 2012
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 426
Abstract: This issue’s “BANK Wire” discusses recent foreclosure guidance offered by the Office of the Comptroller of the Currency; the FDIC’s increased scrutiny of bank insurance policies; FAQs on interest rate risk management that have been jointly adopted by the various federal banking agencies; and the Consumer Financial Protection Bureau’s prototype monthly mortgage statement that is being offered for comments.
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Sorting through restatements – Sometimes financial restatements simply correct mistakes
Spring 2012
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 550
Abstract: Mistakes on borrowers’ financial statements, requiring financial restatement, can happen. But financial restatements can also be a red flag for fraud or misrepresentation. It’s a challenge for any lender to determine which is which. This article uses a hypothetical situation describing a company that innocently made mistakes, resulting in a costly restatement before it was able to successfully complete a public offering. The article also describes some of the leading causes of financial restatements.
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Understand the tax implications of bank mergers
Spring 2012
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 623
Abstract: Institutions contemplating a merger need to consider a variety of tax issues. Two key issues today are: the dividend vs. capital gain treatment of cash payments in a tax-free merger, and the preservation of deferred tax assets. It’s also important to conduct thorough due diligence to uncover any tax liabilities that might be inherited from the target bank. This article takes a look at each of these matters.
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Suspicious activity: Are you seeing the big picture?
Spring 2012
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 856
Abstract: Monitoring customer transactions for suspicious activity is a key component of a financial institution’s Bank Secrecy Act / Anti-Money Laundering (BSA/AML) program. Unfortunately, many banks make the mistake of focusing their efforts on deposit accounts and paying less attention to other products and services, particularly lending. This article shows how, after conducting a risk assessment, a bank can design a BSA/AML compliance program that fits its risk profile, and then implement risk-based due diligence procedures to minimize lending-related BSA/AML risks. A sidebar lists several borrower red flags that may raise bank suspicions.
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BANK Wire – FAF: No independent board for “private company GAAP”
Winter 2012
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 413
Abstract: This issue’s “BANK Wire” discusses the Financial Accounting Foundation’s rejection of the concept of a separate accounting standards board for private companies, in favor of a Private Company Standards Improvement Council. It also looks at the revelation of widespread mortgage-related violations of the Servicemembers Civil Relief Act, and notes a Federal Trade Commission publication that provides a valuable guide to anyone dealing with Fair Credit Reporting Act issues.