Insights CategoryFinancial Institutions

When asked the question of how fraud is most often detected within an organization, most people would respond with “auditors” or “internal auditors.” After all,

Having to perform a “regulator mandated” Home Mortgage Disclosure Act (HMDA) resubmission is hard work. And, if you don’t put the work in before you

By: Heather Campbell, CIA Recently there has been a lot of commentary on bank security related to cyber threats, but attention should also be given

With thousands of dollars at stake per violation, banks need to be sure they have processes in place to insure flood compliance. This continues to

October brings promise of candy corn, bright orange pumpkins, and trick-or-treaters delivering happy fright on Halloween night. October also symbolizes the month to recognize another

Due to recent reports that there has been a high rate of noncompliance, not only has the IRS published a formal letter regarding this issue,

In the rut of day-to-day issues and projects, it is easy to skim and dismiss the mass of headlines on the latest ‘possibilities’ of artificial

By Heather Campbell, CIA While we are told to “aggregate” transactions on a Currency Transaction Report (CTR), that does not mean we are to mark

By Rhonda Broekemeier In the world of payment processing the rules are in constant evolution. Are you aware of the recent changes that impact financial

By Vikki Nicometo From a high-level view, what is the number one goal for a bank or organization? Speak with any bank executive and she

By Kati Barnhill Many community banks have early adopted ASU 2016-01 – Financial Instruments – in which equity securities, with readily determinable fair values, are

By Chuck Marshall The concept of private flood insurance, and the ability to utilize it, is not a new one. Guidance around its use was

The family farm business is more than a job, it’s a lifestyle choice for millions of Americans. Most farmers or ranchers spend 50 years or

We’ve spoken with several bankers lately that felt their loan grading and related collateral (mostly real estate) appraisal were pretty solid; then they experienced some

On January 18, the U.S. Treasury released its much anticipated final Section 199A regulations of the Tax Cuts and Jobs Act (TCJA), which allows shareholders

We have received multiple questions regarding banking a Marijuana Related Business (MRB) and we know there are several articles out there on it already; however,

Beginning in 2019, with the issuance of Accounting Standards Update 2014-09, community banks will have to change the way they account for seller financing of

Understanding the Impact on Balance Sheets & Borrowers You’ve probably already heard that FASB has updated the new lease standards, but what does the new

Now is not the time to waive, omit, or procrastinate solid credit practices – such as inspections, onsite verifications, or similar procedures. An ounce of

Bank-owned life insurance (BOLI) has been a widely-used investment and employee benefit for community banks. But, what happens to this insurance in a bank sale?

The topic on everyone’s to-do list as of late has been to start thinking about the looming changes that will be here before we know

Does your institution have Bankers Bank of Kansas (BBOK), Data Center Inc. (DCI) stock, or other equity securities (i.e. Farmer Mac, etc.)? If the answer

Conflict happens. While it’s not necessarily a slogan you’d want to slap on a t-shirt, it is a real component in every business. It comes

Tough times can stress even the strongest ag banker – farmer relationships. The best outcomes grow out of time-tested and trusting connections. Sometimes that means

Have you carefully examined your process for handling bank complaints lately? If not, you could be missing out on an opportunity to create happier customers

It was a busy 2016 for accounting standards reviewers, and there are a number of accounting & auditing changes coming that financial institutions will want

It was a busy 2016 for accounting standards reviewers, and there are a number of changes coming that financial institutions will want to be ready

The practice of many banks is to immediately recognize loan origination fees and costs directly to income and expense at the time of loan origination.