Main Session – High Performance Idea Exchange
Facilitated by John Hurlock, President, SMARTER Risk Management
Where are the opportunities? Uncertainty is not always a friend to the community banker. And we continue to be in a state of uncertainty. For example, while deposit/funding costs are expected to decrease, the growth of deposits is expected to be sluggish. And lending opportunities are expected to be slow to moderate. Regulations are expected to be reduced. Will the FDIC be eliminated? What about AI? These are many of the same issues we have faced throughout time; Uncertainty provides a heightened need to understand how to successfully operate and grow.
Things to consider:
- How are you addressing operational efficiency? What technologies are you deploying to be more efficient? Are your service providers offering AI solutions to increase efficiency?
- How have you changed the types of loans you are making? Have you restructured your loan portfolio? Are you modifying terms on credits? Are you making more exceptions?
- What new products and services are you offering?
- Are you acquiring loans from FinTechs or other third party providers?
- What stress tests are you performing?
- How do you think the regulatory exam will be different?
- Has staffing stabilized? Are you staffing from out of your market?