FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W55099365> ?p ?o ?g. }

• W55099365 startingPage "20" @default.
• W55099365 abstract "A year ago, federal examiners criticized Jerry Aldape for allowing his bank to become asset-sensitive, even though this was very much according to the banker's game plan. Aldape, president and CEO of Syringa Bank, asked the examiners if it was likely that rates were much more likely to go up than down? Yes, agreed the examiner in charge. Then wouldn't it make more sense to acknowledge and be ready for that eventuality? Yes, admitted the examiner. So, the banker asked, what's the beef? The examiner couldn't really give a reason, Aldape says today, but still criticized the Boise, Idaho, bank for being too asset sensitive. A year later, in a relatively flat yield curve environment, but one in which rates have been rising in tandem with Federal Reserve adjustments, the $140 million-assets bank is enjoying a 5% net interest margin, a bit higher than the same time last year. The bank's preparations worked out, and that's the satisfaction for Aldape. He's not about to tell any examiners he told them so-one doesn't do that, and one doesn't expect examiners to take back past criticism, either. Syringa Bank is one of a group of banks interviewed around the country to see how they are coping with the steady rate increase brought about by Federal Reserve Board action. There's been more to Syringa Bank's success with its margin than making a nearly certain bet on interest rates. The bank has been able to hold its deposit rates down, somewhat, while it has gained from the uptick in rates. That's because about three-quarters of its loan portfolio consists of commercial loans, most pegged to the prime rate. And Aldape also gives substantial credit to the bank's ability to bring in a healthy proportion of noninterest bearing deposits. Notably, the bank offers a business checking plan that is just right for many local companies. Aldape says the account isn't free, but it avoids many itsy bitsy fees that can annoy business customers. What the bank forgoes in fees it makes up in noninterest-bearing balances that become more valuable as market rates rise. An additional incentive to customers is the bank's free courier service. The bank has been putting slightly more of its assets into investments, versus loans, because local loan demand is somewhat down. Aldape explains that local companies have been a bit cautious about getting into debt in a time of slowly rising rates, but he thinks this is a temporary lull that will be replaced by fresh demand once borrowers finish cleaning up some outstanding balances. (The bank's loan-to-deposit ratio came to 101% in April, versus a recent high of 111%.) Aldape concedes that he's had to explain himself to more than examiners. At times he's had to remind directors that asset-liability management is a balancing act, and that one can't always take all the fruit off the tree. He's had to demonstrate, for instance, that accounting treatment must be considered before a bank simply sells an investment for a quick gain. And then it must be explained that the same logic that works in the investment portfolio may not work for the loan portfolio, again because accounting treatment differs. Shifting portfolios At Madison, Wisconsin's The Park Bank, the ultimate return of rising rates was something management began planning for a couple of years ago. Rob Laux, senior vice-president-finance, says that the $470 million-assets bank is a strong home equity lender. To prepare for rising rates, it began shifting home equity lines to floating rates from fixed rates as the original relationships matured. To accomplish this, the bank offered an attractive starting rate under the floating-rate program that appealed to many borrowers. The bank also began shifting more of its commercial loan portfolio over to floating rates from fixed. All floating rates at the bank are pegged to prime. With some adjustments on the deposit side, the bank has been able to maintain a steady 3. …" @default.
• W55099365 created "2016-06-24" @default.
• W55099365 creator A5018234346 @default.
• W55099365 date "2005-06-01" @default.
• W55099365 modified "2023-09-26" @default.
• W55099365 title "Banks Adapt to Rate Increases: Some Feel a Squeeze on Net Interest Margins, but Others, More Asset-Sensitive, Actually Welcome the Return of Rising Rates. We're Cheering the Fed On, Says a North Carolinian" @default.
• W55099365 hasPublicationYear "2005" @default.
• W55099365 type Work @default.
• W55099365 sameAs 55099365 @default.
• W55099365 citedByCount "0" @default.
• W55099365 crossrefType "journal-article" @default.
• W55099365 hasAuthorship W55099365A5018234346 @default.
• W55099365 hasConcept C10138342 @default.
• W55099365 hasConcept C144133560 @default.
• W55099365 hasConcept C162118730 @default.
• W55099365 hasConcept C162324750 @default.
• W55099365 hasConcept C175025494 @default.
• W55099365 hasConcept C187736073 @default.
• W55099365 hasConcept C38652104 @default.
• W55099365 hasConcept C41008148 @default.
• W55099365 hasConcept C76178495 @default.
• W55099365 hasConceptScore W55099365C10138342 @default.
• W55099365 hasConceptScore W55099365C144133560 @default.
• W55099365 hasConceptScore W55099365C162118730 @default.
• W55099365 hasConceptScore W55099365C162324750 @default.
• W55099365 hasConceptScore W55099365C175025494 @default.
• W55099365 hasConceptScore W55099365C187736073 @default.
• W55099365 hasConceptScore W55099365C38652104 @default.
• W55099365 hasConceptScore W55099365C41008148 @default.
• W55099365 hasConceptScore W55099365C76178495 @default.
• W55099365 hasIssue "6" @default.
• W55099365 hasLocation W550993651 @default.
• W55099365 hasOpenAccess W55099365 @default.
• W55099365 hasPrimaryLocation W550993651 @default.
• W55099365 hasRelatedWork W115693293 @default.
• W55099365 hasRelatedWork W128975664 @default.
• W55099365 hasRelatedWork W141037087 @default.
• W55099365 hasRelatedWork W181670623 @default.
• W55099365 hasRelatedWork W190259716 @default.
• W55099365 hasRelatedWork W209484773 @default.
• W55099365 hasRelatedWork W234730119 @default.
• W55099365 hasRelatedWork W240030235 @default.
• W55099365 hasRelatedWork W243126824 @default.
• W55099365 hasRelatedWork W279832619 @default.
• W55099365 hasRelatedWork W284912202 @default.
• W55099365 hasRelatedWork W2994340850 @default.
• W55099365 hasRelatedWork W300866890 @default.
• W55099365 hasRelatedWork W309640248 @default.
• W55099365 hasRelatedWork W330224668 @default.
• W55099365 hasRelatedWork W330981754 @default.
• W55099365 hasRelatedWork W340473716 @default.
• W55099365 hasRelatedWork W81045689 @default.
• W55099365 hasRelatedWork W170305069 @default.
• W55099365 hasRelatedWork W172934102 @default.
• W55099365 hasVolume "97" @default.
• W55099365 isParatext "false" @default.
• W55099365 isRetracted "false" @default.
• W55099365 magId "55099365" @default.
• W55099365 workType "article" @default.