Update Extraordinary Service for Extraordinary Members May 8, 2019 Volume 41 Issue 18 www.nebankers.org evidence, studies, research papers, and other reports and articles originated by the U.S. Census Bureau; federal government agencies; state government agencies; local government offices; and area colleges, universities, businesses, community organizations and local periodicals. In the next several days, your NBA team, in collaboration with the NBA Executive Committee, will discuss possible strategies going forward. NBA Annual Convention - IN REVIEW - Thank you to the more than 550 bankers, spouses and guests who helped celebrate the NBA’s 2019 NBA Annual Convention, May 1-3 at the Embassy Suites in La Vista. The convention provided outstanding learning and networking opportunities for bankers throughout Nebraska. Attendees heard from fellow bankers and a variety of speakers, who shared their own interpretation of how to “Put Our Best Foot Forward” for our communities and Nebraska banking. An overview of the three-day event and photos is continued on page 3. 129 th Anniversary NDBF Director Issues Ruling on MOCU Application The Nebraska Department of Banking and Finance (NDBF) Director Mark Quandahl issued his final ruling Friday, May 3, on the MembersOwn Credit Union (MOCU) application to expand its field of membership. The MOCU expansion application sought authority to expand its field of membership into 11 additional counties in southeast Nebraska. Of the 11 counties, Director Quandahl approved expansion into the counties of Seward, Saline, Jefferson, Saunders, Cass, Otoe, Johnson and Pawnee. The Director denied expansion into the three counties of Butler, Nemaha and Richardson. Because of the Director's decision to deny these three counties, the Order is conditioned upon MOCU board of directors amending its bylaws to remove the three counties originally proposed in the application. In the ruling, Director Quandahl, among other findings, found that the collective counties of Lancaster, Gage, Jefferson, Saline, Seward, Saunders, Cass, Otoe, Johnson and Pawnee were a well-defined local community based upon the facts. In the findings, Director Quandahl restated the testimony from individuals called on behalf of MOCU, which NCUA Guidance suggests is considerably less persuasive than evidence derived from independent third-party sources. The independent third-party evidence would be statistical I N S E R T S INSIDE THIS ISSUE Nebraska Deposit Accounts Workshops May 21, Kearney May 23, Lincoln BSA/AML Compliance Management Workshops May 22, Kearney May 24, Lincoln NBA Annual Golf Outing June 6, Hastings Call Report Update Workshops June 12, Kearney June 13, Lincoln 2020 NBA Scenes of Nebraska Order Form Banks & Bankers April 24 – May 7 2019
Transcript
Update
Extraordinary Service for Extraordinary Members
May 8, 2019 Volume 41 Issue 18
www.nebankers.org
evidence, studies, research papers, and other reports and articles originated by the U.S. Census Bureau; federal government agencies; state government agencies; local government offices; and area colleges, universities, businesses, community organizations and local periodicals.
In the next several days, your NBA team, in collaboration with the NBA Executive Committee, will discuss possible strategies going forward.
NBA Annual Convention - IN REVIEW -
Thank you to the more than 550 bankers, spouses and guests who helped celebrate the NBA’s 2019 NBA Annual Convention, May 1-3 at the Embassy Suites in La Vista. The convention provided outstanding learning and networking opportunities for bankers throughout Nebraska. Attendees heard from fellow bankers and a variety of speakers, who shared their own interpretation of how to “Put Our Best Foot Forward” for our communities and Nebraska banking.
An overview of the three-day event and photos is continued on page 3.
129th Anniversary
NDBF Director Issues Ruling on MOCU Application The Nebraska Department of Banking and Finance (NDBF) Director Mark Quandahl issued his final ruling Friday, May 3, on the MembersOwn Credit Union (MOCU) application to expand its field of membership.
The MOCU expansion application sought authority to expand its field of membership into 11 additional counties in southeast Nebraska. Of the 11 counties, Director Quandahl approved expansion into the counties of Seward, Saline, Jefferson, Saunders, Cass, Otoe, Johnson and Pawnee. The Director denied expansion into the three counties of Butler, Nemaha and Richardson. Because of the Director's decision to deny these three counties, the Order is conditioned upon MOCU board of directors amending its bylaws to remove the three counties originally proposed in the application.
In the ruling, Director Quandahl, among other findings, found that the collective counties of Lancaster, Gage, Jefferson, Saline, Seward, Saunders, Cass, Otoe, Johnson and Pawnee were a well-defined local community based upon the facts. In the findings, Director Quandahl restated the testimony from individuals called on behalf of MOCU, which NCUA Guidance suggests is considerably less persuasive than evidence derived from independent third-party sources. The independent third-party evidence would be statistical
I N S E R T S
INSIDE THIS ISSUE
Nebraska Deposit Accounts Workshops May 21, Kearney May 23, Lincoln
BSA/AML Compliance Management
Workshops May 22, Kearney May 24, Lincoln
NBA Annual Golf Outing
June 6, Hastings
Call Report Update Workshops June 12, Kearney June 13, Lincoln
2 NBA Update • www.nebankers.org • 5-08-2019 Extraordinary Service for Extraordinary Members
News Briefs from Washington Fed Flags Potential Vulnerabilities from High Business Debt, Leveraged Lending Credit standards for leveraged loans continued to deteriorate in recent months, with the share of newly issued large loans to highly leveraged corporations now exceeding peak levels, the Federal Reserve (Fed) said Monday in its second report on financial stability. The report—which is published twice a year—examines the resilience of the financial system and highlights potential vulnerabilities.
Despite the marked deterioration of credit standards related to leveraged lending, the performance of these loans has remained solid due in large part to strong economic conditions, the Fed noted. Default rates for leveraged loans fell during this reporting period, moving closer to historic lows.
The report noted that business debt is also nearing a 20-year high, and that—combined with the easing of lending standards and increased risk appetites—could present a potential vulnerability “that potentially increases the downside risk to broader economic activity.” However, the Fed noted that “on the whole, banks appear well positioned to deal with these exposures.” Looking ahead, the Fed continues to see potential risks from stressed markets overseas, slowing global growth and rising trade tensions. Read the report.
Trade Associations Support FDIC Deposit Recordkeeping Proposal The American Bankers Association (ABA) Monday joined the Consumer Bankers Association and the Bank Policy Institute in a letter to the Federal Deposit Insurance Corp. (FDIC) supporting a recent proposal to change Part 330 of its deposit insurance regulations. The proposed changes would update the requirements for verifying participants in joint deposit account.
Current rules rely on physical signature cards or electronic signatures to authenticate account holders. The proposal would additionally accept usage of the account as verification. “The flexibility to rely on deposit account record systems, which are critical to the fundamental business of the institution, would significantly improve the alignment between current customers service standards and the FDIC’s deposit insurance regulations,” the associations said.
In addition to offering support for the proposal, the groups urged the FDIC to consider a comprehensive review of its deposit insurance regulations to ensure they are keeping pace with advancements in technology and are properly aligned with banks’ current recordkeeping practices. Read the letter.
CFPB Proposes to Raise HMDA Reporting Thresholds The Consumer Financial Protection Bureau (CFPB) recently issued a proposal to provide relief for smaller institutions from the Home Mortgage Disclosure Act (HMDA) data collection and reporting requirements. The proposal would increase the coverage threshold for closed-end mortgage loans from 25 loans to either 50 or 100. For open-end lines of credit, the CFPB is proposing to extend for another two years the current temporary coverage threshold of 500 open-end lines of credit. After that, the threshold would be permanently set at 200.
In addition, the CFPB issued an advance notice of proposed rulemaking (ANPR) seeking feedback on the costs and benefits of the expanded HMDA data reporting requirements, as well as previously existing data points that were revised by the 2015 HMDA rule. Comments on the ANPR are due 60 days after publication in the Federal Register. View the proposal. View the ANPR.
News Source: American Bankers Association
NDA Issues Disaster Resource Guide The Nebraska Department of Agriculture (NDA) collected various disaster related trigger dates and contacts and has compiled an ag-specific resource guide. The Disaster Relief Information Sheet is available from the Department of Ag website and has also been linked among other resources to the NBA Bank On Nebraska Strong Disaster Relief webpage. Upcoming May deadlines may be significant to banks and bank customers.
Extraordinary Service for Extraordinary Members 5-08-2019 • www.nebankers.org • NBA Update 3
2019 NBA Annual Convention - IN REVIEW -
VIP Reception & Dinner Outgoing NBA board of directors Debbie Newkirk, CFO, Security National Bank of Omaha, and immediate NBA Past Chairman Kris Holoch, President & CEO, Cornerstone Bank of York [1], were recognized for their service and work on behalf of the association during a VIP Reception & Dinner Wednesday night. Appreciation was also offered to all NBA Past Chairmen [2] for their many years of service and support to the association and to Nebraska banking.
NBA Leadership Transitions The Annual Convention marks the beginning of the new fiscal year for the NBA in addition to the turnover of leadership. Outgoing NBA Chairman Dave Dannehl, President & CEO, First State Bank of Loomis, passed the gavel to Generations Bank President & CEO Alan Emshoff [3] who will lead the association as 2019 NBA Chairman. The board of directors also approved the nomination of Nebraska Bank of Commerce President & CEO Chris Hove, [4] as NBA Chairman-Elect. Mainstreet Bank President & CEO Justin Douglas was also elected to join the NBA board of directors as an at-large representative.
To learn more about the 2019 NBA Chairman and Chairman-Elect, read the NBA press releases:
NBA Elects Emshoff Chairman
NBA Selects Hove Chairman-Elect
General Session Banker Awards & Recognition Three bankers and one financial institution were recognized during the association’s Milestone Awards Luncheon Thursday. Joyce Becker [5] of First Tri-County Bank in Plymouth, and Susan Day [6] of Heritage Bank of Loup City each received the NBA’s 50-Year Banker Award; NBA and ABA Past Chairman C.G. “Kelly” Holthus [7] of Cornerstone Bank in York, was recognized for 65 years of service to his community and Nebraska banking; and Commercial Bank [8] of Nelson was recognized for 125 years of service to the Nelson community and state of Nebraska. Read the full press release.
4 NBA Update • www.nebankers.org • 5-08-2019 Extraordinary Service for Extraordinary Members
Matt Beaudreau: “Bridging the Generational Divide” Generation Kinetic specialist Matt Beaudreau [9] captivated the audience of all ages with his inclusive assessment on “why” generational gaps exist and how to better connect with members of a different generation. “Millennials are currently the most important generation. They are the largest generation in the workforce and will be for the next 15 years,” he stated.
One of the issues older generations must face is the “delayed adulthood” from young workforce. “We need to better understand each others individual strengths to better serve our customers.” Beaudreau added that technology ripples up. To better engage with younger generations, find opportunities to instill the technology they are dependent upon.
Rob Nichols: “Regulatory and Legislative Challenges and Opportunities” American Bankers Association (ABA) President & CEO Rob Nichols [10] spoke to the NBA board of directors and NBA Annual Convention attendees, providing an overview on current legislation noting that he isn’t expecting many bills to end up on President Trump’s desk. He noted that to be successful, all legislation will most likely require bipartisan support. “There are 100 new members in the House of 435. This offers the banking industry the opportunity to connect, to create awareness, to offer education and advocate for the banking industry,” added Nichols. He reiterated that the key to making positive change is to educate Congress and to continue collaboration with regulatory agencies.
Additional ABA focus has been placed on cannabis banking changes, advocacy in opposition of CECL, driving industry conversation and efforts surrounding core providers and refining support for pro-banking and pro-business legislative candidates. Bank Ownership Succession Panel [11]: Outside of regulation, one of the more common industry issues facing Nebraska banks surrounds long-term bank planning, succession and ownership. NBA President & CEO Richard Baier moderated a panel which included bankers: Daniel Otten, CEO, Farmers State Bank in Albert Lea, Minnesota; Vern Ehlers, President, AmeriGroup Inc. in Hershey; Jeff Johnson, President & CEO, Columbus Bank & Trust in Columbus; and Kris Holoch, President & CEO, Cornerstone Bank of York. Baier described the trend of mergers and consolidations noting a peak in 1980 of 457 Nebraska-chartered commercial banks which has decreased to 181 as of 2019. Each banker gave an overview of what their bank’s approach has been to maintain ownership and work toward positive growth. A repetitive theme from the panel was the importance of having the right staff as they make the difference for bank longevity.
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Extraordinary Service for Extraordinary Members 5-08-2019 • www.nebankers.org • NBA Update 5
Sarah Thomas: “Don’t do it for recognition. Do it because you love it.” The first ever permanent female NFL official, Sarah Thomas [12] shared numerous pearls of wisdom with the captivated audience. “My parents taught me to hold myself accountable at an early age.” She talked about growing up with strong ambition and work ethic leading her to accomplish many “firsts” as an athlete and now as an official.
Thomas emphasized, “Don’t go through life trying to prove people wrong. That list of people will never end. Some people just want to see you fail.” She also noted that when you set out to achieve a goal, “Don’t do it for recognition. Do it because you love what you’re doing.”
Mike Burke: “Best Practices to Avoid the Scam” Shazam Robbery and Crisis Management Consultant Mike Burke [13] took his presentation and bankers to a new level by dissecting the sophisticated efforts of today’s tech savvy criminal.
Burke offered numerous examples on how quickly and easily credit card readers can be compromised. He also provided new trends in criminal activity and how criminals are sourcing equipment.
“Tell your customers to pull on the swiper, pull on the card reader, look for the security seal at gas pumps, and whenever possible, use trusted vendors.
Mary Kelly: “People Want M.A.T.H.” Economist Mary Kelly [14] provided an engaging overview of the U.S. economy with specific focus on today’s consumers. “Consumer confidence is good,” Kelly stated, but then added, “75% of Americans are living paycheck to paycheck. People want the “American Dream,” but home prices have skyrocketed. Consumers want M.A.T.H. which is Money to buy Alcohol, Travel and a level of Health services.
Chris Norton: “Your Words Can Change Lives” Former football player, now speaker, author, husband and father Chris Norton [15] shared his inspirtional story about persevering and defying the odds. Norton suffered a spinal cord injury while playing in a college football game leaving him paralyized from the neck down. Given a 3% chance to ever regain any sensation or movement again, Norton developed the “Power to Stand.”
Throughout his story, Norton shared many of the instances in which he had to force himself to change his perspective, “to focus on what’s going right, not what’s going wrong. Focusing on the positive can save your life,” he emphasized, as he detailed his emergency helicopter ride while gasping for air en route to the hospital.
Norton told the audience about one of the most critical and defining moments throughout his journey. Four days after his accident, a nurse from Wyoming, named “Georgia,” stood bedside and sternly told Chris, “You WILL beat this!” Her words mattered. From that day forward, Norton firmly embraced and believed the he WOULD beat this.
Norton’s final words and actions took the assistance of his dear friend Tanner, as he stood in front the NBA audience, proving that he has “The Power to Stand.” Followers can learn more and support Chris Norton’s journey to “7 Yards” at: https://7yardsfilm.com/.
6 NBA Update • www.nebankers.org • 5-08-2019 Extraordinary Service for Extraordinary Members
NBA BankPAC Silent Auction The NBA raised $13,688 for the NBA State BankPAC with 63 items being donated to the auction. The annual State BankPAC Silent Auction was a huge success offering a great start toward the 2019 BankPAC goal of $155,000.
Thank you, to the many individuals and institutions that donated items for this year’s auction!
NBA Convention: Financial Literacy Inclusion As the NBA continues to advocate for enhanced efforts surrounding financial literacy, your NBA team is working to create marketing content that will assist in promoting the importance of learning and teaching personal finance.
The Annual Convention agenda included three newly produced videos, featuring young students sharing what they know about banking and money, NBA bankers answering questions on banking and money, and In-School Bank participants detailing their operations and benefits of the program. All three videos are linked below and available to share from the NBA’s YouTube page.
Kids on Banking Bankers on Banking In-School Banks In-School Bank Panel: The Nebraska Council on Economic Education (NCEE) is currently working with 15 NBA member banks to provide a real world bank and savings experience to Nebraska students within their schools.
To better detail the positive involvement and outcomes of the In-School Bank Program, NCEE President and NBA Faculty Fellow, Jennifer Davidson, facilated a panel [16] including Greg Housel, FDIC Community Affairs Specialist; Richelle Johannes, VP Branch Operations, Two Rivers Bank; Mandy Mellot, VP Retail Operations, Dundee Bank; and Ryne Seaman, president & CEO, Cattle Bank & Trust.
Each of the panelists shared their perspective on their In-School Bank from the initial discussions with local schools, to the excitement that has been generated from kids acquiring improved savings habits. For more information on the NCEE In-School Bank program, contact Jennifer Davidson at [email protected]. The FDIC also has resources available to assist those interested in Youth Banking.
You will receive an electronic copy of the 1000+ page resource manual with all the Nebraska deposit law on all areas to keep for future use.
Nebraska Deposit Accounts Workshops
Extraordinary Service for Extraordinary Members
Register Today! May 21 – Kearney Holiday Inn
May 23 – Lincoln Cornhusker Marriott
About the Program During this program we will discuss opening every type of legal ownership in Nebraska. From social security accounts to cooperatives, we will review Customer Identification, Beneficial Ownership and documentation and procedure. You will be able to ask complicated questions about rights at death, documentation and account styling. You will receive an electronic copy to our 1000+ page resource manual with all the Nebraska deposit law on all areas to keep for future use.
What you will learn: Opening Personal Accounts
Single Party, Multiple Party and Pay On Death Accounts
Power of Attorney Issues W-9 and W-8BEN issues
Opening Fiduciary Accounts
Uniform Transfer to Minors Act Guardianship Accounts Trust Accounts Estate Accounts Social security and VA fiduciary accounts
Opening Entity and Business Accounts Sole Proprietorships Partnerships Limited Liability Companies Corporations Nonprofits, cooperatives and tragedy accounts Campaign Accounts IOLTA Accounts
Program Outline
8:30 a.m. Registration / Continental Breakfast 9:00 a.m. Program
12:00 p.m. Luncheon 1:00 p.m. Program, continued 4:00 p.m. Adjournment
About the Speaker
Deborah Crawford is the President of Gettechnical, Inc., specializing in the education of banks across the nation. Her 28 plus years of banking and teaching experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor's and master's degrees. Deborah's specialty is in the deposit side of the financial institution where she teaches seminars on regulations, documentation, insurance and Individual Retirement Accounts.
Who Should Attend This program is a MUST for experienced deposit account personnel, branch managers, supervisors, tellers, trainers, and deposit operations. BSA and compliance officers will also find the information useful.
*If received by May 14, 2019 Advance registration for this program includes all workshop materials, continental breakfast, luncheon, and break service. After May 14, 2019, add $25 to each registration fee. Substitutions are allowed, at no additional cost. Notice is required for all substitutions/cancellations. If the request is received by the NBA Education Center by May 14, 2019, the full fee will be refunded. After that date the refund is subject to a 50% cancellation fee per registrant.
(Please feel free to make copies of the registration form
Please register the following individual(s): Last 4 Digits of Social
Security #
Kearney May 21 Holiday
Inn
Lincoln May 23
Cornhusker Marriott Hotel
FIRST NAME MI LAST NAME
Registration Registration Registration after 05/14/2019 will have a $25 late NBA Members: $210 (per person) Non-NBA Members: ($630 per person) fee charge in addition to the registration fee.
ONLINE YOU MUST LOGIN TO RECEIVE MEMBER DISCOUNTED PRICING!
Reservations can be made by calling the hotels directly.
Holiday Inn Cornhusker Marriott Hotel 110 S 2nd Ave, Kearney 333 S. 13th St., Lincoln (308) 237-5971 (402) 474-7474
Please feel free to dress casually. To ensure your comfort, please bring a light jacket or sweater
to the program.
Notice: If you have a disability that may affect your participation in this event, please forward a statement
regarding any special needs to the Nebraska Bankers Association. We will contact you to discuss accommodations.
233 South 13th Street, Suite 700 Lincoln, Nebraska 68508
Phone: (402) 474-1555 Education Center Fax: (402) 474-2148
www.nebankers.org
1-04/03/19
.
You will receive a BSA Officer Toolkit on a CD which will contain a sample policy checklist, audit worksheets and training tools for 2019.
BSA/AML Compliance Management Workshops
Extraordinary Service for Extraordinary Members
Register Today! May 22 – Kearney Holiday Inn
May 24 – Lincoln Cornhusker Marriott
BSA Officer Annual Training—Update and Review During this program we will cover the five pillars of BSA and a hard look at the core programs of BSA. We are specifically covering what’s new, what has changed, what is an exam issue in 2019. You will receive a BSA Officer Toolkit on a CD which will contain a sample policy checklist, audit worksheets and training tools for 2019. Join the discussion of what BSA officers need to learn in 2019.
What you will learn: The Fifth Pillar of BSA and Risk Assessments Is your risk assessment robust enough? Learn how to improve your risk assessment and incorporate data from the fifth pillar of BSA in the CDD rules. What does it mean to have a baseline for transactions and how to connect the risk dots? Customer Identification Programs— New IDs and new issues Electronic driver’s licenses, electronic forms at SOS and new types of identification will require a revisit to CIP. We will discuss documentary and nondocumentary verification in today’s market including a look at online account opening. MSBs, MRBs, TPPP, NRAs A deeper dive into the high-risk customers we bank and how they affect our overall risk assessment. We will discuss the extra steps to mitigate risk for complex customers. 25 Common Errors on Beneficial Ownership Certification Forms The good, the bad and the ugly on beneficial ownership certification. What is going right and what is going wrong; the new form and recordkeeping.
CTR Pitfalls Exemptions and mergers, Beneficial Ownership, private ATMs and all the things that go wrong on the CTR front. A review of some line items that have caused some problems with the newest version of the CTR. SAR Form Update New updated fields on the SAR include changes in crimes, a note to FinCEN and cybercrimes create special challenges for SARs. We will look at completing the best narrative and how to sell your SAR to law enforcement. Financial Crimes and Alerts From red flag to SAR, this session will look at the crime scene and how to keep up with new crimes and what is happening in the investigative world and how to implement an effective anti-money laundering response team. Training, Policy, Audit and More Breaking down the policy, your audit and your training programs. Finally, some concrete help of what goes in and what goes out of the AML program and how to be compliant with requirements of the Bank Secrecy Act.
Program Outline
8:30 a.m. Registration / Continental Breakfast 9:00 a.m. Program 12:00 p.m. Luncheon 1:00 p.m. Program, continued 4:00 p.m. Adjournment
About the Speaker
Deborah Crawford is the President of Gettechnical, Inc., specializing in the education of banks across the nation. Her 28 plus years of banking and teaching experience began at Hibernia National Bank in New Orleans. She graduated from Louisiana State University with both her bachelor's and master's degrees. Deborah's specialty is in the deposit side of the financial institution where she teaches seminars on regulations, documentation, insurance and Individual Retirement Accounts.
Who Should Attend BSA Officers, Coordinators, Compliance, Deposit Operations, Branch Administration, Training And Support Staff
*If received by May 14, 2019 Advance registration for this program includes all workshop materials, continental breakfast, luncheon, and break service. After May 14, 2019, add $25 to each registration fee. Substitutions are allowed, at no additional cost. Notice is required for all substitutions/cancellations. If the request is received by the NBA Education Center by May 14, 2019, the full fee will be refunded. After that date the refund is subject to a 50% cancellation fee per registrant.
(Please feel free to make copies of the registration form
Please register the following individual(s): Last 4 Digits of Social
Security #
Kearney May 22 Holiday
Inn
Lincoln May 24
Cornhusker Marriott Hotel
FIRST NAME MI LAST NAME
Registration Registration Registration after 05/14/2019 will have a $25 late NBA Members: $210 (per person) Non-NBA Members: ($630 per person) fee charge in addition to the registration fee.
ONLINE YOU MUST LOGIN TO RECEIVE MEMBER DISCOUNTED PRICING!
Reservations can be made by calling the hotels directly.
Holiday Inn Cornhusker Marriott Hotel 110 S 2nd Ave, Kearney 333 S. 13th St., Lincoln (308) 237-5971 (402) 474-7474
Please feel free to dress casually. To ensure your comfort, please bring a light jacket or sweater
to the program.
Notice: If you have a disability that may affect your participation in this event, please forward a statement
regarding any special needs to the Nebraska Bankers Association. We will contact you to discuss accommodations.
233 South 13th Street, Suite 700 Lincoln, Nebraska 68508
Phone: (402) 474-1555 Education Center Fax: (402) 474-2148
www.nebankers.org
1-04/03/19
Golfers join your fellow bankers at this annual event. You will compete for gift certificates and flag prizes.
Return your registration form and check TODAY.
Please indicate your 18-hole handicap and the names of others you would like in your foursome.
NBA Annual
Golf Outing
Extraordinary Service for Extraordinary Members
Register Today! Lochland Country Club – Hastings, NE
June 6, 2019
Schedule of Events:
8:30 am Registration / Continental Breakfast
9:00 am Shotgun Start
Following golf: Reception, Buffet Lunch,
and Awards Ceremony
Outing Sponsors
NBISCO
Cornerstone Bank
First National Life Insurance Co. of the U.S.A.
Golfers join your fellow bankers at this annual event.
You will compete for gift certificates and flag prizes.
The Outing is limited to the first 104 banker registrations received.
Choose your format of play, Stroke or Scramble!
Four player teams
o (will be assigned if no preference is givenat the time of registration)
Prizes will be awarded at lunch!
Mulligans will be for sale at the course –
o $20 for two - to benefit the NBA State BankPAC
We will have a flight for anyone wishing to golf in the 60+ age group. Check the box on the registration form below.
Registration Information:
The fee is $125 per NBA member. This fee includes green fees, cart rental, continental breakfast and the awards reception and buffet lunch. The deadline for registration is Monday, May 27, 2019. Registrations received after that date will be accepted upon space availability and will be $150 per member. For hotel accommodations, call the Hastings Holiday Inn Express at (402) 463-8858.
DON’T MISS YOUR CHANCE TO WIN THE HOLE-IN-ONE PRIZE OF $10,000 Sponsored by Midwest Independent Bank
• • The following does not register the individuals to play unless they are listed above.Please list below the names of additional individuals whom you wish to be in your foursome. • •
NAME (as you wish it to appear on the badge) BANK/TOWN Established 18-Hole Handicap
NBA Members: $125.00 Non-NBA Members: $375.00 (per person) Registrations received after 05/27/19 will be an additional $25.
Three Ways to Register:
FAX: (402) 474-2148
MAIL: NBA Education Center, PO Box 80008, Lincoln, NE 68501
Participants receive a 300+ page manual, which will include materials covered during the program as well as additional information on other call report schedules.
Call Report Update Workshops
Extraordinary Service for Extraordinary Members
Register Today! June 12 – Kearney Holiday Inn
June 13 – Lincoln Cornhusker Marriott
About the Program
The regulators are continuing on their burden reducing approach and announced more reductions in November 2018 to the FFIEC 051 forms. The regulators are proposing to increase the small bank eligibility size for filing on the FFIEC 051 form from $1 billion in assets size to $5 billion and to make more line items required only semi-annually. The most significant change to semi-annual reporting will be RCR Pt II lines 1-25, the detail reporting of both on and off-balance sheet risk weighting. Total risk weighted assets, however, will still be required to be reported. Banks with assets of more than $1 billion will be required to report the consumer deposit detail information on balances and service charges in December only; schedule RIC semi-annually; RCO M2 on a quarterly basis. In a second proposal the regulators are considering regulatory burden relief to qualifying community banking organizations by allowing an option to calculate a simple leverage ratio, rather than multiple measures of capital adequacy. In February 2019 the regulators issued proposed revisions to the 2019 Call Report to align the information in the call report with the new accounting credit loss accounting standard. The changes include updates to twelve schedules to address the broader scope of financial assets for which an allowance for credit losses must be established and maintained. Under the approved CECL rulemaking, a bank may elect to phase in the regulatory capital impact of adopting CECL over a three-year period. In June 2018 the regulators implemented further burden reducing changes for both FFIEC 051 and 041 filers. The changes include consolidation and/or removal of several more line items and reductions in the frequency of reporting for about a dozen line items. The 051 form was originally approved in 2017 and may be used by domestic banks with less than $1 billion in assets. The 051 short form has approximately 25 fewer pages and eliminated 40% of the 041-line items as well as reducing the frequency of data collection in some of the schedules. Additional changes to the June 2018 Call Report were included in the supplemental instructions. The regulators issued an update to the reporting of high volatility commercial real estate (HVCRE) exposures as well as reciprocal deposits. In September 2017, the agencies issued proposed simplifications to the risk-based capital rules. The proposal was approved in November 2017 and effective in 2018 and simplifies the threshold deduction treatment for mortgage servicing assets, deferred taxes arising from temporary differences that can’t be realized through carrybacks, and investments in the capital of unconsolidated financial institutions. The Call Report Preparation Workshop will help preparers and reviewers understand the preparation process and eliminate errors. The workshop will begin with an overview of proposed and approved revisions for 2019 & 2018 and other recent changes, followed by a review of several new accounting standard updates. The classification priority for coding loans on RC-C will also be covered. Loans are normally a bank’s largest asset category and the reporting rules for RCC are critical because they affect all loan schedules in the call report. Loans are reported based on borrower, purpose, or collateral, but there are specific rules that dictate when to use each of the classification factors. The workshop will end with a discussion of commonly cited errors made in call report preparation. Schedules included in the presentation are the FFIEC 041 & 051 forms.
March 2019 Proposed Revisions Increase in small bank asset size eligibility for filing on the FFIEC 051 form from $1 billion to $5 billion Option to calculate a simple leverage ratio, rather than multiple measures of capital adequacy for banks
that meet certain criteria Semi-annual reporting for several more line items on the FFIEC 051 form, primarily RCR Pt II lines 1-25,
risk weighting of on and off-balance sheet assets Banks with assets over $1 billion that file on the FFIEC 051 form will still have to provide information on
consumer deposit accounts and the related service charges, disaggregated data on the allowance for credit losses, and uninsured deposits in certain quarters
June 2018 Revisions
New information on the HVCRE definition as well as reporting of reciprocal deposits Further burden reducing changes for the FFIEC 051 and 041 forms
reduction and consolidation of line items change in the frequency of data collection for some schedules
March 2018 Revisions
maintaining phase in percentage deduction and risk weighting on certain RCR items Proposed Simplifications to the Capital Rules
Proposed changes to the capital deductions and risk weighting of mortgage servicing assets (MSAs), deferred tax assets (DTAs) arising from timing differences not realizable through carryback, investments in the capital of unconsolidated financial institutions, and minority interests
The program will cover:
Proposed and approved changes to the 2019 and 2018 Call Reports as well as other recent revisions Recent Accounting Guidance (equities, leases, other real estate) In Depth Discussion of Loan Classification reporting rules Common Errors made in call report preparation
Annual training in Call Report Preparation is highly recommended by bank regulators, not just for preparers of the call report, but also for reviewers. A reviewer needs to understand the reporting requirements and should spend at least 3-4 hours performing a detailed check of the completed Call Report Schedules and supporting documentation. New and experienced preparers and reviewers should be trained.
Participants receive a 300+ page manual, which will include materials covered during the workshop as well as additional information on other call report schedules.
Ann Leavelle Thomas has almost 30 years of experience in bank accounting and control. At Thomas Consulting, she performs regulatory compliance audits and training, and internal control audits for several banks. Additionally, Ann prepares and reviews Call Reports for numerous banks. She has taught numerous Call Report programs for state banking associations. Ann’s experience in working with a broad range of banks is of unique value in understanding Call Report questions and in communicating with bankers in their own language.
Who Should Attend & What to Bring Call Report preparation requires knowledge of bank accounting, bank regulations, and virtually all bank operations. Banks should train a preparer and reviewer. Anyone responsible for preparing, auditing, or signing the call report will find the program valuable. The workshop is designed for more experienced preparers and reviewers interested in newer reporting requirements. Annual training is highly recommended by bank regulators.
Please bring a copy of your general ledger and your latest call report. Bankers find it useful to review classifications during the class as the line items are discussed.
*If received by June 5, 2019 Advance registration for this program includes all workshop materials, continental breakfast, luncheon, and break service. After June 5, 2019, add $25 to each registration fee. Substitutions are allowed, at no additional cost. Notice is required for all substitutions/cancellations. If the request is received by the NBA Education Center by June 5, 2019, the full fee will be refunded. After that date the refund is subject to a 50% cancellation fee per registrant.
Location Information
Reservations can be made by calling the hotels directly.
Holiday Inn Cornhusker Marriott Hotel 110 S 2nd Ave, Kearney 333 S. 13th St., Lincoln (308) 237-5971 (402) 474-7474
(Please feel free to make copies of the registration form for additional registrants.)
Please feel free to dress casually. To ensure your comfort, please bring a light jacket or sweater
to the program.
Notice: If you have a disability that may affect your participation in this event, please forward a statement regarding any special needs to the Nebraska Bankers Association. We will contact you to discuss accommodations.
Please register the following individual(s): Kearney
June 12 Holiday
Inn
Lincoln June 13
Cornhusker Marriott Hotel
FIRST NAME MI LAST NAME
Registration Registration Registration after 06/05/2019 will have a $25 late NBA Members: $210 (per person) Non-NBA Members: ($630 per person) fee charge in addition to the registration fee.
ONLINE YOU MUST LOGIN TO RECEIVE MEMBER DISCOUNTED PRICING!
The Nebraska Bankers Association is pleased to offer the 12th annual Scenes of Nebraska Calendar. The calendar features photos of Nebraska submitted by Nebraska bankers and their family members. Gifting
your customers these calendars is a great way to thank them for their business and promote your bank!
Place your order NOW through July 1 for the price of 99 cents per calendar!
Your available logo imprint area is 1.25 x 10.375 inches. Your logo and/or name needs to be provided in an Illustrator EPS or high resolution TIF file (at least 300 dpi) and emailed to [email protected] along with this form. Please supply all linked art and fonts required to print your file.*
Please submit this order form to [email protected]. All orders will be shipped by late Oct. 2019.
Nebraska Bankers Association | 233 South 13th Street, Suite 700, Lincoln, NE 68508 | 402-474-1555
CALENDAR2020 Scenes of Nebraska
Order Information
___________________________________________________________________________________________________________ Contact Person Email
___________________________________________________________________________________________________________ Bank Phone
___________________________________________________________________________________________________________ Shipping Address City State ZIP Billing Address (if different than shipping address)
From July 1 to Aug. 1, calendars are $1.29 each.
Your bank logo and name can be printed on each calendar to brand your order. The NBA logo is also included on each calendar.
Order Specifications*
Quantity of Calendars (minimum order of 100 calendars) ____________
*The contact person you provided above will receive a proof for approval prior to printing. Each shipment will include shipping/handling and sales tax.Send no money now. Invoices will be sent directly from Colonial Press. An additional 3% processing fee will be charged for credit card payments.
Extraordinary Service for Extraordinary Members 5-8-2019 • www.nebankers.org • NBA Update
Banks in the News Arbor Bank (Nebraska City) provided free weekend admission to the Arbor Day Farm Tree Adventure April 27-28. First State Bank (Gothenburg) hosted its 26th Annual Easter Egg Hunt, April 20. More than $700 in quarters were given out, 96 stuffed animals, in addition to 174 Runza and 150 McDonalds ice cream cone coupons. Six lucky children won brand-new bicycles!
Five Points Bank of Hastings (Hastings) bought out the Hastings Community Theatre for a showing of Geezers for the bank’s Golden Age Club members. Union Bank & Trust Co. (Hastings) helped make special arrangements to make the show more accessible to the seniors. Gothenburg State Bank (Gothenburg) announced May 6 that it will be renamed as Flatwater Bank. They have officially selected a new name and logo and the changes are expected to occur over the next several months. Great Western Bank (Sidney) is the sponsor for Plains West CASA’s “Superhero Run & Villain Chase” fun run. Midwest Bank (Deshler) offered area high school seniors a financial literacy presentation in addition to announcing the winner of the Cooper Foundation/Midwest Bank Scholarship to graduating senior, Paige Kniep. MNB Bank (McCook) announced an agreement to purchase Gateway Realty of McCook, Inc. May 1. Sandhills State Bank (North Platte) has donated $50,000 to the Prairie Arts Center. (pictured below)
Town & Country Bank (Ravenna) is sponsoring a May 13 workshop for landowners and ag producers needing to restore river frontage land following the March flood. West Gate Bank (Lincoln & Omaha locations) are scheduled to host their annual Festival of Free May 31. This event celebrates the bank’s customers and welcomes new customers with extended hours, free food, games and prizes.
Banks & Bankers (April 24-May 7, 2019)
Extraordinary Service for Extraordinary Members 5-8-2019 • www.nebankers.org • NBA Update
Promotions & Appointments
BIG SPRINGS: Ruby Timm, branch president; Suzette Dietlein, customer service representative/loan assistant; and Jodi Christensen, assistant branch manager/loan administrator, Community First Bank. IMPERIAL: Harmaleigh Dubas, consumer lending officer, Waypoint Bank. OMAHA: Robert Dalrymple, appointed to First Westroads Bank board of directors, First Westroads Bank.
president/relationship manager, Security National Bank of Omaha.
OMAHA: Rod Larsen, senior vice
president/division head of mortgage lending, Security National Bank of Omaha.
OMAHA:
Mark Olson, first vice president/relationship manager,
Security National Bank of Omaha.
OMAHA: Shane Stratman, assistant vice
president/relationship manager, Security National Bank of Omaha.
OMAHA: Dustin Walters, first vice
president/relationship manager, Security National
Bank of Omaha.
OMAHA: John Christensen, compliance manager; and Jennifer Kermoade, finance/operation project manager, United Republic Bank.
Banks & Bankers (April 24-May 7, 2019)
Extraordinary Service for Extraordinary Members 5-8-2019 • www.nebankers.org • NBA Update
OMAHA:
Wendy Boyd, commercial lender, United Republic Bank.
OMAHA: Radean Cox, senior vice
president/loan operations, United Republic Bank.
OMAHA: Levi Handley, commercial
lender, United Republic Bank.
OMAHA:
Larry Marinovic, executive vice president/lending,
United Republic Bank.
OMAHA: Stephen McCown,
president/CEO, United Republic Bank.
OMAHA: Amy Mrsny, executive vice
president/operations, United Republic Bank.
YORK: Cassi Johansen, information security officer, Cornerstone Bank.
Share your news with the Nebraska Bankers Association! Whenever your financial institution has a newsworthy event, we want to hear from you. Email your news, press releases, newspaper clippings and/or photos to [email protected] to be published in an upcoming Banks & Bankers and/or featured on social media.
