OFFICIAL PUBLICATION OF THE NEBRASKA INDEPENDENT COMMUNITY BANKERS ASSOCIATION

Pub. 3 2024 Issue 4

NICB Endorsed Partners and Associate Members

NICB Endorsed Partners Bankers Compliance Consulting — Dave Dickenson Barret Graduate School of Banking — Memphis, Tennessee Community Bankers Webinar Network — Financial Ed Dell Computers ICBA Securities — Jim Reber ICBA Bancard NICB-CBAK Liquidity Program SHAZAM — presented last year at Area Meetings Spectrum Financial — Fee Income with Credit Insurance Products/Services, Identity Theft […]

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Risks of Using AI in BSA/AML Compliance

Artificial Intelligence (AI) is transforming the banking industry, including compliance with the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations. While AI offers significant advantages, such as enhanced efficiency and improved detection of suspicious activities, it also introduces unique risks. We will explore these risks and provide insights into how community banks can manage them effectively.

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The Meek …

Inherit a Prominent Place in Bond Portfolios

There are a whole lot of anomalies in community banking in the waning stages of this restrictive Fed cycle. One of the overriding themes is the sheer duration of the process. We’re now fully one year past the last tightening, which has left the effective overnight rate at 5.375% since July 2023, and given rise to the “higher for longer” sound bite. The past six tightening cycles have averaged well under a year between the last hike and the first ease. We will be soon approaching another record: the longest-ever pause between the last hike and the first cut is 15 months, from June 2006 to September 2007.

The Meek …

Inherit a Prominent Place in Bond Portfolios

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Putting Your Institution’s Best Foot Forward ​for a Lower-Rate Environment

After transitioning from near-zero rates to one of the fastest rate-hiking cycles we’ve ever seen, financial institutions are now in the position of waiting for rates to fall. As we wait for the Fed’s next move, it’s important for management teams to understand how lower rates will impact their institutions’ income statements and take steps to better position themselves for the lower-rate environment likely to come.

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Flourish: Connected as Independent Community Banks

When you enter ICBA’s headquarters, you are greeted with a large U.S. map that contains a peg for each community bank and a singular cord linking them all together. It not only demonstrates our collective impact; it also represents the strength of our financial system, built on thousands of local economies around the country and fueled by community banks.

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