Phishing

No, I didn’t spell some people’s favorite pastime wrong (fishing) but with summer coming on I thought it pertinent to discuss some hackers’ favorite past time. Phishing is a scam in which a perpetrator sends an official looking e-mail…

Top Concerns

I had the pleasure of attending OCC training for board members this past week.  Good training and great time to hear what bankers are challenged by. The top operational risk management concerns cited by exam area in 2018: Commercial…
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Legislation is advancing in the BSA world

There are several bills in congress, and some still in committee, that could impact the Bank Secrecy Act (BSA) world.  Keep an eye open for H.R. 2514, a bill introduced by Representative Emanuel Cleaver (D-Mo.) that would modernize the Bank…
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SBA Lending

Are you afraid of SBA lending? Too much paperwork? Not worth the time? Too much risk?? Don’t feel you need to offer then to help your community?? Let’s look at ten $100,000 SBA loans in a loan portfolio that are 75% guaranteed by the…

Technology

Technology can play a vital role in growing your organization. A well-structured technology plan can and should support the overall strategic plan of the organization. Many organizations find themselves however, in technology overload. They…

Great Opportunities

ABS is honored to be helping a few of our fast growing clients build a team.  If you are looking for growth opportunity and a great culture to work in, check out these positions! Commercial Lenders in Kansas Area, Larned, KS, Manhattan,…

FASB Proposes Delay in the Implementation Date for CECL for Nonpublic Financial Institutions

The Financial Accounting Standards Board (FASB) recently proposed delaying for one year the implementation date of its accounting standard on Current Expected Credit Losses (CECL).  In the proposal, the implementation date for nonpublic financial…
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Home Mortgage Disclosure Act Rule Implementation Issued

On August 31, 2018, the Bureau of Consumer Financial Protection (Bureau) issued an interpretive and procedural rule to implement and clarify changes made by section 104(a) of the Economic Growth, Regulatory Relief, and Consumer Protection Act…

Federal Agencies Increase Threshold for Appraisals for Commercial Real Estate Transactions

  In April 2018, The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency issued a final rule that increased the threshold for commercial real…

Interest Rate Risk

While many financial institutions have outsourced their interest rate risk reporting to a third-party, the financial institution still has responsibility for reviewing and testing the data prepared by the third-party. At a minimum, small financial…