Insights CategoryFinancial Institutions

Transitioning the Family Farm – a Bountiful and Satisfying Harvest for All

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

Financial Institutions

Be Watchful for Appraisal Flaws

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

Financial Institutions

Using 360 Performance Appraisals for Productivity and Engagement Gains

Banking is certainly at a critical juncture in the evolution of the industry. There are so many tech tools, social media, and innovative practices, but

Financial Institutions, HR Services

Executive Fatigue Has Costly Repercussions for Business

If you’ve ever sent or received a text or an email, then you understand the effects that the perceived tone can have on how the

Beverage Distribution, Equipment Dealers, Financial Institutions, Food And Beverage, HR Services

How Final Rules for Section 199A Impact Banks

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

Financial Institutions

Weeding Out the Details of Banking an MRB

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,

Financial Institutions

New Opportunity Zone Tax Benefits Make an Attractive Investment

Established within the Tax Cuts and Jobs Act of 2017, the new Opportunity Zone legislation was created to develop economically-distressed communities across the United States

Accounting, Biofuels, Construction, Equipment Dealers, Financial Institutions, Food & Agriculture, Food And Beverage, Manufacturing

Don’t Forget: 2019 Standard Mileage Rates Have Changed

The IRS issued an increase in the standard mileage rates for business travel, effective January 1, 2019, under the Tax Cuts and Jobs Act of

Accounting, Beverage Distribution, Biofuels, Construction, Equipment Dealers, Financial Institutions, Food & Agriculture, Food And Beverage, Manufacturing

Tax Reform Prompts Businesses to Rethink Employee Leave Policies

While there tends to be focus on the larger line items resulting from the Tax Cuts and Jobs Act of 2017, there are some lesser-known

Accounting, Biofuels, Construction, Equipment Dealers, Financial Institutions, Food & Agriculture, Food And Beverage, Manufacturing

2018 — A Year of Change and Constancy

Owning and operating a bank is more costly than ever. As 2018 nears its close, it’s important to reflect on all that has happened, as

Financial Institutions

Are You Financing OREO Property?

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

Financial Institutions

GAAP Update: New Lease Standards will Affect Banks

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

Financial Institutions

An Ounce of Prevention (or Inspection) will Alleviate Loan Fraud

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

Financial Institutions

Buying or Selling: What Happens to Your BOLI?

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?

Financial Institutions

Examiner Expectations with CECL

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

Financial Institutions

How Safe is Your Financial Data?

Recent national cybercrime headlines: “Cybercriminals Obtain Employee Credentials to Conduct Payroll Diversion” “Business Email Compromises Business Data” “Increase in W-2 Phishing Campaigns” Imagine if you

Accounting, Biofuels, Equipment Dealers, Financial Institutions, Food & Agriculture, Food And Beverage, Manufacturing

How to Account for Equity Investments

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

Financial Institutions

In Wake of Disaster, How to Minimize Taxes on Insurance Proceeds

As fires rage and rampage through large areas of California, the destruction of residences, outbuildings, and commercial buildings has been widespread. K·Coe Isom has been

Financial Institutions, Food & Agriculture

Winning with Tax Reform – Why You Need to Reevaluate Your Estate Plan in 2018

Exemption for Your Estate Plan is Ripe for the Picking The Tax Cuts and Jobs Act of 2017 made one significant change for estate planning:

Accounting, Financial Institutions, Food & Agriculture, Next Gen Strategy

Winning with Tax Code Reform

As a result of the tax code revisions passed in December, many businesses have attained increased financial benefits and lessened tax burden by employing new

Accounting, Financial Institutions, Food & Agriculture

K·Coe Isom Announces Wealth Management Partnership

K·Coe Isom’s subsidiary K·Coe Wealth has entered into a joint venture with HBK CPA’s affiliate HBKS Wealth Advisors. The partnership, a mutually-beneficial combination of specialized

Construction, Financial Institutions, Food & Agriculture, Manufacturing, Newsroom

S Corp Banks: Does a C Corp Conversion Make $ense?

Considerations for the Board, Shareholders, and Business will determine. Now that the law has been established for 2018 and beyond, S corporation banks are asking

Accounting, Financial Institutions

For S Corps: Does a C Corp Conversion Make $ense?

Is a C Corp Conversion Right for S Corps? Now that the law has been established for 2018 and beyond, S corporation clients are asking

Accounting, Biofuels, Construction, Financial Institutions, Food & Agriculture, Manufacturing

In Business, Is It Best to Gloss Over Conflict, Or Face It Head On?

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

Financial Institutions

Five Tips for Ag Bankers

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

Financial Institutions

Make Handling Bank Complaints Part of Good Customer Service

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

Financial Institutions

Recent Accounting & Auditing Changes that May Impact You, Part I

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

Financial Institutions

Recent Accounting & Auditing Changes that May Impact You, Part II

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

Financial Institutions

Proper Recognition of Loan Origination Fees and Costs

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.

Financial Institutions