Dec-14. Dec-11. Dec-15. Dec-16. Dec-13. Dec-12. Dec-17. Jun-13. Jun-18. Jun-14. Jun-16. Jun-17. Jun-12. Jun-15. Sep-14. Sep-17. Sep-13. Sep-15.
|
|
- Sharon Fleming
- 5 years ago
- Views:
Transcription
1 How Market Changes Alter Earning Assets Casey Peterson Sr. Advisor, Advisory Services Federal Reserve Bank 1
2 Interest Rates Are On the Rise 4.50% 4.00% 3.50% 2.50% 3.84% 3.29% 1.87% 1.75% 3.02% 2.17% 2.27% 2.44% 2.40% 1.88% 2.99% 2.78% 2.25% Fed Funds is 2.25% an increase of 200 basis points from The 2 Year Treasury is now 2.78% an increase of 253 basis points from the low of.25%. 1.50% 0.50% 1.14% 1.05% 1.19% 1.50% 0.60% 0.66% 0.24% 0.25% 0.38% 0.75% 0.50% 0.25% 0.25% 0.25% 0.25% 0.25% 0.25% Fed Fds 2 Yr TSY 10 Yr TSY The 10 Year Treasury is 2.98% and moving in a much narrower band over he last few years. 2
3 Returns on Earning Assets Are Improving 7.00% 6.00% 5.00% 5.76% 5.42% 5.01% 4.79% 4.64% 4.56% 4.51% 4.60% Loan Yield has stabilized over the past few years and is currently experiencing a small increase. 4.00% 4.15% 2.69% Investment portfolio yields are improving quickly and substantially. 1.61% 1.27% 1.13% 1.24% 1.24% 1.35% 1.54% 1.91% The difference between the two returns has gone from 415 basis points to 269 basis points Jun 18 Loan Yield Invest Yld Net Margins Are Improving 7.00% 6.50% 6.00% 5.50% 5.00% 4.50% 4.00% 3.50% 2.50% 1.50% 0.50% 6.28% 6.06% 3.21% 3.25% 2.63% 1.95% 5.76% 3.12% 1.61% 5.42% 2.92% 1.27% 5.01% 4.79% 2.80% 2.84% 2.85% 2.88% 1.13% 1.24% 1.24% 4.64% 4.56% 4.51% 4.60% 1.35% 2.99% 3.07% 1.54% Loan Yield Net Int Mar Invest Yld 1.91% Net Interest Margins moves above The largest difference over the last 9 years has been 45 basis points. Net Margin has increased 27 basis points since Cost of Funds: % Today 0.62% 3
4 A Flattening and Higher Yield Curve 3.50% 2.50% 1.50% 2.25% 1.50% 2.80% 1.88% 2.89% 2.96% 3.03% 3.08% 2.33% 2.40% 2.20% 1.97% 1.88% Treasury Curve continues to move higher and to flatten. Spread between 2yr and 10 year is narrowing. 0.50% 1.34% 0.83% 0.25% 0.24% 0.35% Fed Funds 2 YR 3 YR 5 YR 7 YR 10 YR Dec 2011 Dec 2017 Sep bps 52 bps 28 bps 12/30/ /31/ /27/2018 Loan Pricing Loan rates show how flat the yield curve is and that pricing is driven by local and national factors. Credit unions and banks have similar unsecured and real estate loan rates but car loan rates differ significantly. Should credit unions increase their car rates or shift those allocations to loan participations or investments? 4
5 30 Year Mortgage Spread Relationship 7.00% 6.00% Spread between 30yr FRM and 10yr UST have averaged 154 bps since 2009 Current spread between 30 year fixed rate mortgage and the 10 year Treasury is 163 bps. 5.00% 4.00% 163 bps The average spread since 2009 is 154 bps. The widest spread was 268 bps in 2008 and the tightest spread was 155 bps in Regularly monitor pricing spreads to determine when to hold or sell loans. 30 yr FRM 10 yr UST Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17 5 Year Auto Historic Pricing 6.00% 5.00% 4.00% Current spread between 5 year credit union auto rate and the 2 year Treasury is 63 bps. The average spread since 2011 is 2.07 bps. 314bps 63bps The widest spread was 314 bps in 2011 and the tightest spread is NOW 63 bps.. Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 CU 60 Mo BK 60 Mo 2 Yr Tsy Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Regularly monitor pricing spreads to determine when to hold or sell loans. 5
6 Earning Asset Distribution as of June 2011 / 2018 June 2011 June 2018 Investment, 28% Cash Eq., 9% Unsecured, 7% Real Estate, 35% Investment, 19% Other, 4% Cash Eq., 7% Unsecured, 7% Real Estate, 36% Other, 3% Vehicle, 18% Unsecured Real Estate Vehicle Other Investment Cash Eq. Vehicle, 26% Unsecured Real Estate Vehicle Other Investment Cash Eq. Allocation Strategy Real Estate Investments Autos What is the Best Mix of Assets. Depends on Cost Structure Earnings Goal Membership Base Risk tolerance Credit Risk Interest Rate Risk Liquidity Risk 6
7 Loan Pricing Methodologies Risk Based Lending Keep Spreads Thin, Our Members Always Pay There Loans in a Full & Timely Manner Price Leadership We Price Lower Than All of Our Competition, Regardless of Rate Cost- Plus More, More & More Loans Will Solve All Our Problems Loan Pricing Methodologies Risk Based Lending Risk Analytics and Criteria Pricing Incorporates Risk Related Value Versus Return Price Leadership Competition Rate Surveys Market Based Pricing Cost- Plus Funding & Operational Expenses Price Based on Operational Costs 7
8 Setting an Allocation Strategy The Credit Union Needs a Cumulative Return of 3.58% to Achieve the ROA Goal. Multiple Variables Can Affect the Results Operational Expenses COF s Charge-Offs Overall Risk Tolerance ROA Expectation Earning Asset Returns by Overall Allocation Asset Yield 3.70% Asset Yield 3.16% Asset Yield 2.49% Investments, 25% Investments, 45% Loans, 25% Loans, 70% Loans, 50% Investments, 70% Loans Investments Loans Investments Loans Investments 8
9 Loan Rates Have Moved Very Little Change 60 Month Auto 3.55% 3.16% -0.39% Unsecured Fxd (36mo) 10.22% 9.25% -0.97% Credit Card 11.59% 11.71% 0.12% 15 Yr Mtg 3.57% 4.14% 0.57% 30 Yr Mtg 4.15% 4.65% 0.50% Fed Funds 0.25%- 2.25% 200 bps Change 2Yr Treasury 0.26% -2.68% 242 bps Change 10 Yr Treasury 1.92% -3.07% 115 bps Change Other Loan Opportunities Today Month Auto 3.16% Mo. Auto Participation 3.90% Unsecured Fxd (36mo) 9.25% Credit Card 11.71% 15 Yr Mtg 4.14% 30 Yr Mtg 4.65% 30 Yr RE Loan Participation 4.13% New Opportunities Auto Participations RE Participations Validate Pricing Faster Volume Cost Efficient Target Asset Yield 3.58% 9
10 Investments Offer Enhanced Opportunities Change Fed Funds 0.25% 2.25% 2 Yr Duration 1.40% 2.90% 1.50% 3 Yr Duration 1.65% 3.05% 1.40% 5 Yr Duration 1.80% 3.45% 1.65% 7 Yr Duration 1.90% 3.60% 1.75% 10 Yr Duration 2.35% 3.85% 1.50% Fed Funds 0.25%- 2.25% 200 bps Change 2Yr Treasury 0.26% -2.68% 242 bps Change 10 Yr Treasury 1.92% -3.07% 115 bps Change Cash and Duration Management Have an Effect Cash + Cash Equivalents/Total Assets Ratio Assets: $25mm to $50mm (792 CU's) Weighted Average Investment Yield Assets: $50mm to $150mm (1061 CU's) Assets: $150mm to $250mm (361 CU's) Assets: $250mm to $500mm (354 CU's) Assets: $500mm to $1 Billion (246 CU's) Assets: $1 Billion to $5 Billion (272 CU's) 0% to 5% 1.70% 1.76% 1.81% 1.92% 2.04% 2.13% 5% to 10% 1.59% 1.64% 1.70% 1.77% 1.87% 1.85% 10% to 15% 1.54% 1.57% 1.66% 1.64% 1.65% 1.78% > 15% 1.38% 1.55% 1.55% 1.62% 1.63% 1.75% 10
11 Breakeven Versus Fed Funds Anticipated Fed Funds Rate 2.50% Anticipated Fed Funds Rate Maturity Breakeven Rate 9/21/ % 6 Month Breakeven 2.324% 9 Month Breakeven 2.378% 1 Year Breakeven 2.409% 1.5 Year Breakeven 2.447% 1.75 Year Breakeven 2.462% 2 Year Breakeven 2.474% Maturity Breakeven Rate 9/21/ % 6 Month Breakeven 2.327% 9 Month Breakeven 2.475% 1 Year Breakeven 2.608% 1.5 Year Breakeven 2.755% 1.75 Year Breakeven 2.803% 2 Year Breakeven 2.840% Significantly More Options Today. Asset Classes by Return and Duration 5.00% 4.50% 4.00% 3.50% 2.90% 3.16% 3.90% 3.05% 3.45% 4.14% 3.60% 4.65% 3.85% Asset Returns Range From 2.25%- 4.65% 2.50% 2.25% % 0.50% Average Life Range From 0.08% years Cash 0.08Eq. 2 Yr Inv 60 mo Auto 60 Mo Auto LP 3 Yr Inv 5 Yr Inv 15 Yr Mtg 7 Yr Inv 30 Yr Mtg 10 Yr Inv 0.00 Rate Avg Life 11
12 Balanced Allocation Mix Balanced Mix 15 Yr Mtg, 10% 30 Yr Mtg, 15% Cash Eq., 20% Weighted Average Return 3.57% Weighted Average Maturity 3.47 years Auto LP, 25% 5 Yr Inv, 30% Cash Eq. Auto LP 5 Yr Inv 15 Yr Mtg 30 Yr Mtg Barbell Allocation Mix Barbell Mix 30 Yr Mtg., 35% Weighted Average Return 3.46% Cash eq., 45% Weighted Average Maturity 3.35 years 15 Yr Mtg, 20% Cash eq. 15 Yr Mtg 30 Yr Mtg. 12
13 How Market Changes Alter Earning Assets Casey Peterson Sr. Advisor, Advisory Services 13
TODAY S LOANS ARE TOMORROWS ASSETS OVERVIEW. Financial Management Seminar October 6, Credit union asset and loan trends
Steven Houle, CFA Director, Advisory Service TODAY S LOANS ARE TOMORROWS ASSETS Catalyst Strategic Solutions Financial Management Seminar Creating Tomorrow OVERVIEW Credit union asset and loan trends Yield
More informationAsset Liability Management for CU Boards The Basics of ALM Presented by: Frank Santucci - Managing Director ALM Services
Asset Liability Management for CU Boards The Basics of ALM Presented by: Frank Santucci - Managing Director ALM Services www.firstempire.com Frank Santucci - Managing Director ALM Services First Empire
More informationKEY ECONOMIC AND MARKET INDICATORS
KEY ECONOMIC INDICATORS Latest Report Current Report Previous Report 2017 ECONOMIC GROWTH GDP Q1 2.3% 2.9% 2.3% EMPLOYMENT Non-farm Payrolls (000s) Mar 164 135 2,173 Private Payrolls (000s) Mar 168 135
More informationInvestment Grade Fixed Income Review
Investment Grade Fixed Income Review February 15, 2018 North Carolina Short Term Portfolio (STIF) December 31, 2017 STIF Allocation 1.40% 1.20% Monthly STIF Rate History 1.30% Repurchase Agreements 7.5%
More informationU.S. Credit Union Profile. Mid-Year 2018
U.S. Demographic Information Number of CUs 5,594 5,684 5,906 6,143 6,398 6,680 6,956 Assets per CU ($ mil) 258.6 245.5 221.7 198.5 177.6 161.0 148.8 Median assets ($ mil) 32.9 31.2 29.1 26.8 24.5 22.7
More informationU.S. Credit Union Profile. Year-End 2017
Year-End U.S. Demographic Information Number of CUs 5,684 5,906 6,143 6,398 6,680 6,956 7,236 Assets per CU ($ mil) 245.5 221.7 198.5 177.6 161.0 148.8 134.6 Median assets ($ mil) 31.2 29.1 26.8 24.5 22.7
More informationCUNA Membership Benefits Report. Year-end Photodisc/Thinkstock
CUNA Membership Benefits Report Year-end 2014 Photodisc/Thinkstock Source: Informa Research Services, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. (2)A "loyal member" is assumed to
More informationCUNA Membership Benefits Report. Year-end Photodisc/Thinkstock
CUNA Membership Benefits Report Year-end 2014 Photodisc/Thinkstock Source: Informa Research Services, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. (2)A "loyal member" is assumed to
More informationCREDIT UNION INDUSTRY STATISTICS 2 ND QUARTER 2018 CUDATA.COM AND PERFORMANCE TRENDS REPORT
CREDIT UNION INDUSTRY STATISTICS AND PERFORMANCE TRENDS REPORT 2 ND QUARTER 2018 CUDATA.COM Data Intelligence and Industry Insights for Credit Union Management 600 E Sumac Avenue, Provo, UT 84604 # of
More informationCREDIT UNION INDUSTRY STATISTICS 4TH QUARTER 2017 CUDATA.COM AND PERFORMANCE TRENDS REPORT
CREDIT UNION INDUSTRY STATISTICS AND PERFORMANCE TRENDS REPORT 4TH QUARTER 2017 CUDATA.COM Data Intelligence and Industry Insights for Credit Union Management 600 E Sumac Avenue, Provo, UT 84604 # of Credit
More informationMANAGING INTEREST RATE RISK: SETTING THE STAGE FOR TOMORROW MIKE DELISLE, ALM ADVISORS GROUP
MANAGING INTEREST RATE RISK: SETTING THE STAGE FOR TOMORROW MIKE DELISLE, ALM ADVISORS GROUP WVBA Convention July 29, 2014 Agenda Evaluating and Anticipating the Rate Environment Understanding Your Current
More informationFINANCIAL STATEMENT ANALYSIS & RATIO ANALYSIS
FINANCIAL STATEMENT ANALYSIS & RATIO ANALYSIS June 13, 2013 Presented By Mike Ensweiler Director of Business Development Agenda General duties of directors What questions should directors be able to answer
More informationDelaware Credit Union Profile. First Quarter 2018 CUNA Economics & Statistics
CUNA Economics & Statistics Overview by Year U.S. CUs Delaware CUs Demographic Information Number of CUs 5,644 18 Assets per CU ($ mil) 253.9 128.0 Median assets ($ mil) 32.5 54.4 Total assets ($ mil)
More informationCREDIT UNION INDUSTRY STATISTICS 1ST QUARTER 2017 CUDATA.COM AND PERFORMANCE TRENDS REPORT
CREDIT UNION INDUSTRY STATISTICS AND PERFORMANCE TRENDS REPORT 1ST QUARTER 2017 CUDATA.COM Data Intelligence and Industry Insights for Credit Union Management 600 E Sumac Avenue, Provo, UT 84604 # of Credit
More informationMike McGinnis- Vice President, Investment Sales SSI 1 - INTRODUCTION TO CREDIT UNION FINANCIAL MANAGEMENT
Mike McGinnis- Vice President, Investment Sales SSI 1 - INTRODUCTION TO CREDIT UNION FINANCIAL MANAGEMENT Reviews the basic financial components and variables that impact credit union financial performance.
More informationFramework for Member- Focused Decision Making Mike Higgins, Jr. Mike Higgins & Associates, Inc.
Framework for Member- Focused Decision Making Mike Higgins, Jr. Mike Higgins & Associates, Inc. 913.488.4506 @mhigginsjr 1 Agenda Objective: Collective intelligence for the common good. Good intentions,
More informationCREDIT UNION INDUSTRY STATISTICS (KPI) TRENDS REPORT 3 RD QUARTER 2018 CUDATA.COM AND KEY PERFORMANCE INDICATOR
CREDIT UNION INDUSTRY STATISTICS AND KEY PERFORMANCE INDICATOR (KPI) TRENDS REPORT 3 RD QUARTER 2018 CUDATA.COM Data Intelligence and Industry Insights for Credit Union Management 600 E Sumac Avenue, Provo,
More informationECONOMIC AND FINANCIAL HIGHLIGHTS
ECONOMIC AND FINANCIAL HIGHLIGHTS LABOR MARKET Contributions to Change in Nonfarm Payrolls 2 Unemployment and Labor Force Participation Rate 3 MANUFACTURING ISM Manufacturing Index 4 CONSUMERS Light Vehicle
More informationTrendwatch 4Q The Annual Report for the Industry. Data for December 31, Call Date: February 14, Sponsored by:
Trendwatch 4Q 2018 The Annual Report for the Industry Data for December 31, 2018 Call Date: February 14, 2019 Welcome! When you join the event, you should automatically be connected to the audio broadcast
More informationKEY ECONOMIC AND MARKET INDICATORS
KEY ECONOMIC INDICATORS Latest Report Current Report Previous Report 2016 ECONOMIC GROWTH GDP (QoQ) Q3 3.3% 3.0% 2.0% EMPLOYMENT Non-farm Payrolls (000s) Nov 228 244 2,242 Private Payrolls (000s) Nov 221
More informationALM Strategies In the Current Economic Environment Presented by: Frank Santucci Managing Director ALM Services (October 2015)
1 ALM Strategies In the Current Economic Environment Presented by: Frank Santucci Managing Director ALM Services (October 2015) 1 Asset Liability Management is the process of Measuring, Monitoring and
More informationKEY ECONOMIC AND MARKET INDICATORS
KEY ECONOMIC INDICATORS Latest Report Current Report Previous Report 2017 ECONOMIC GROWTH GDP Q4 2.9% 2.5% 2.3% EMPLOYMENT Non-farm Payrolls (000s) Mar 103 326 2,173 Private Payrolls (000s) Mar 102 320
More informationKEY ECONOMIC AND MARKET INDICATORS
KEY ECONOMIC INDICATORS Latest Report Current Report Previous Report 2016 ECONOMIC GROWTH GDP (QoQ) Q2 3.1% 3.0% 2.0% EMPLOYMENT Non-farm Payrolls (000s) Sep -33 169 2,242 Private Payrolls (000s) Sep -40
More informationThe Importance of Breakeven Curves NISA Investment Advisors, L.L.C.
The Importance of Breakeven Curves NISA Investment Advisors, L.L.C. May 19, 2014 1 2014 NISA Investment Advisors, L.L.C. All rights reserved. All data presented are as of May 7, 2014, unless otherwise
More informationU.S. Interest Rates Chartbook January 2018
U.S. Interest Rates Chartbook January 2018 Takeaways In line with expectations, the FOMC left Fed funds rate unchanged. The changes to the January statement highlighted stronger growth and confidence that
More informationASSET/LIABILITY MANAGEMENT - YEAR 2
ASSET/LIABILITY MANAGEMENT - YEAR 2 ALM Process, Positioning & Profitability Darren Herrmann Executive Vice President & Treasurer UMB Financial Corporation & UMB Bank Corporate Treasury Kansas City, MO
More informationMembership Report November 2018
Membership Report November 2018 Agenda Financial Commentary 2018 Budget/Actual Net Income Actual/Budget Variance Total Managed Assets On- & Off-Balance Sheet Liquidity Commentary Historical Member Overnight
More informationFinancial Highlights
November 3, 21 Financial Highlights Federal Reserve Balance Sheet 1 European Debt Bond Spreads 2 CDS Spreads 2 Securitization Markets CMBS Yields and Issuance 3 ABX and CMBX 4 Mortgage Rates 5 Broad Financial
More informationDeposit Growth Strategies and Balance Sheet Management
Deposit Growth Strategies and Balance Sheet Management Presented by: Frank Santucci Managing Director ALM Services www.firstempire.com Frank Santucci - Managing Director ALM Services First Empire Securities,
More informationNew York. New York. First Quarter Prepared by: CUNA Economics and Statistics
Third-Quarter Mid Year 2017 2017 New York New York First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. Loan
More informationNew York. New York. First Quarter Prepared by: CUNA Economics and Statistics
Third Mid Quarter Year 2017 2018 New York New York First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan
More informationU.S. Interest Rates Chartbook September 2017
U.S. Interest Rates Chartbook September 2017 Takeaways The FOMC announced the start of the balance sheet normalization process to begin in October while maintained the Fed funds rate target range at 1%-1.25%
More informationNew York. New York. First Quarter Prepared by: CUNA Economics and Statistics
First Mid Quarter Year 2017 2018 New York New York First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan
More informationMaine. Maine. First Quarter Prepared by: CUNA Economics and Statistics
First Mid Quarter Year 2017 2018 Maine Maine First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product
More informationMid-Year California. California. First Quarter Prepared by: CUNA Economics and Statistics
Mid-Year 2017 2018 California California First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product
More informationLouisiana. Year End Prepared by: CUNA Economics and Statistics
Louisiana Year End 2016 Prepared by: CUNA Economics and Statistics Source: Informa Research Services, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. Loan Product Comparative Interest
More informationMid-Year Texas. Texas. First Quarter Prepared by: CUNA Economics and Statistics
Mid-Year 2017 2018 Texas Texas First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product Comparative
More informationMid-Year New Mexico. New Mexico. First Quarter Prepared by: CUNA Economics and Statistics
Mid-Year 2017 New Mexico New Mexico First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. Loan Product Comparative
More informationDecember. US Interest Rates. Chartbook
December 2016 US Interest Rates Chartbook Takeaways The FOMC December statement has revealed a unanimous vote for a 2nd Fed funds rate increase, while economic projections reinforced the Fed s stance to
More informationBank of America Fourth Quarter 2006 Results
Bank of America Fourth Quarter 2006 Results Ken Lewis Chairman, CEO and President Joe Price Chief Financial Officer January 23, 2007 Forward Looking Statements This presentation contains forward-looking
More informationMid-Year Florida. Florida. First Quarter Prepared by: CUNA Economics and Statistics
Mid-Year 2017 2018 Florida Florida First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product Comparative
More informationMid-Year Illinois. Illinois. First Quarter Prepared by: CUNA Economics and Statistics
Mid-Year 2017 2018 Illinois Illinois First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product Comparative
More informationMid-Year Michigan. Michigan. First Quarter Prepared by: CUNA Economics and Statistics
Mid-Year 2017 2018 Michigan Michigan First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product Comparative
More informationEnergize CU. Third-Quarter First 2017
Energize CU Third-Quarter First 2017 Source: Datatrac, NCUA, and CUNA. (1) Rates and fees as of 2/22/2018. (2) Assumes 1.9 credit union members per household. www.datatrac.net/memberbenefits Savings Product
More informationMid-Year South Carolina. South Carolina. First Quarter Prepared by: CUNA Economics and Statistics
Mid-Year 2017 South Carolina South Carolina First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. Loan Product
More informationMid-Year Iowa. Iowa. First Quarter Prepared by: CUNA Economics and Statistics
Mid-Year 2017 2018 Iowa Iowa First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product Comparative
More informationPennsylvania. Pennsylvania. First Quarter Prepared by: CUNA Economics and Statistics
Third Mid Quarter Year 2017 2018 Pennsylvania Pennsylvania First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household.
More informationMichigan. Michigan. First Quarter Prepared by: CUNA Economics and Statistics
Third Mid Quarter Year 2017 2018 Michigan Michigan First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan
More informationMid-Year Minnesota. Minnesota. First Quarter Prepared by: CUNA Economics and Statistics
Mid-Year 2017 Minnesota Minnesota First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. Loan Product Comparative
More informationMassachusetts. Massachusetts. First Quarter Prepared by: CUNA Economics and Statistics
Third Mid Quarter Year 2017 2018 Massachusetts Massachusetts First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household.
More informationGeorgia. Georgia. First Quarter Prepared by: CUNA Economics and Statistics
Third-Quarter Mid Year 2017 2017 Georgia Georgia First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. Loan
More informationDelaware. Delaware. First Quarter Prepared by: CUNA Economics and Statistics
Third Mid Quarter Year 2017 2018 Delaware Delaware First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan
More informationSouth Carolina. South Carolina. First Quarter Prepared by: CUNA Economics and Statistics
Third-Quarter Mid Year 2017 2017 South Carolina South Carolina First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household.
More informationNorth Carolina. North Carolina. First Quarter Prepared by: CUNA Economics and Statistics
Third Mid Quarter Year 2017 2018 North Carolina North Carolina First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household.
More informationMid-Year Arizona. Arizona. First Quarter Prepared by: CUNA Economics and Statistics
Mid-Year 2017 Arizona Arizona First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. Loan Product Comparative
More informationMid-Year Mississippi. Mississippi. First Quarter Prepared by: CUNA Economics and Statistics
Mid-Year 2017 2018 Mississippi Mississippi First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product
More informationMid-Year Louisiana. Louisiana. First Quarter Prepared by: CUNA Economics and Statistics
Mid-Year 2017 Louisiana Louisiana First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. Loan Product Comparative
More informationCourse Materials STRATEGICALLY MANAGING THE INVESTMENT PORTFOLIO FOR LONG-TERM PERFORMANCE
Course Materials STRATEGICALLY MANAGING THE INVESTMENT PORTFOLIO FOR LONG-TERM PERFORMANCE Raleigh A. Andy Trovillion Executive Vice President UMB Bank St. Louis, Missouri raleigh.trovillion@umb.com 314-612-8039
More informationMinnesota. Minnesota. First Quarter Prepared by: CUNA Economics and Statistics
Third-Quarter Mid Year 2017 2017 Minnesota Minnesota First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. Loan
More informationMid-Year South Dakota. South Dakota. First Quarter Prepared by: CUNA Economics and Statistics
Mid-Year 2017 South Dakota South Dakota First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. Loan Product Comparative
More informationMid-Year North Dakota. North Dakota. First Quarter Prepared by: CUNA Economics and Statistics
Mid-Year 2017 North Dakota North Dakota First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. Loan Product Comparative
More informationArizona. Arizona. First Quarter Prepared by: CUNA Economics and Statistics
Third-Quarter Mid Year 2017 2017 Arizona Arizona First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. Loan
More informationALM Strategy in the Current Rate Environment. Current Landscape Interest Rates CU Balance Sheet & Financial Performance Trends
ALM Strategy in the Current Rate Environment Lisa Boylen Senior ALM Analyst December 12, 2018 1 Objectives Current Landscape Interest Rates CU Balance Sheet & Financial Performance Trends Lessons Learned
More informationLoan Pricing Structure and the Nature of Interest Rates
Loan Pricing Structure and the Nature of Interest Rates S. Blake Scharlach Senior Vice President / Director of Capital Markets Sales TIB- The Independent BankersBank, N.A. S. Blake Scharlach Blake joined
More informationCalifornia. California. First Quarter Prepared by: CUNA Economics and Statistics
First Mid Quarter Year 2017 2018 California California First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household.
More informationIowa. Iowa. First Quarter Prepared by: CUNA Economics and Statistics
Third-Quarter Mid Year 2017 2017 Iowa Iowa First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. Loan Product
More informationOklahoma. Oklahoma. First Quarter Prepared by: CUNA Economics and Statistics
Third-Quarter Mid Year 2017 2017 Oklahoma Oklahoma First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. Loan
More informationUtah. Utah. First Quarter Prepared by: CUNA Economics and Statistics
Third-Quarter Mid Year 2017 2017 Utah Utah First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household. Loan Product
More informationNorth Dakota. North Dakota. First Quarter Prepared by: CUNA Economics and Statistics
Third Mid Quarter Year 2017 2018 North Dakota North Dakota First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household.
More informationNew Hampshire. New Hampshire. First Quarter Prepared by: CUNA Economics and Statistics
Third-Quarter Mid Year 2017 2017 New Hampshire New Hampshire First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household.
More informationMississippi. Mississippi. First Quarter Prepared by: CUNA Economics and Statistics
Third-Quarter Mid Year 2017 2017 Mississippi Mississippi First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 1.9 credit union members per household.
More informationTexas. Texas. First Quarter Prepared by: CUNA Economics and Statistics
First Mid Quarter Year 2017 2018 Texas Texas First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product
More informationFlorida. Florida. First Quarter Prepared by: CUNA Economics and Statistics
First Mid Quarter Year 2017 2018 Florida Florida First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan
More informationAdvanced Asset/Liability Management
Advanced Asset/Liability Management WBA BOLT Summer Leadership Summit June 14, 2018 Presented by: Marc Gall, Vice President mgall@bokf.com 1 Agenda Asset/Liability Management Summary Developing Assumptions
More informationSTRATEGICALLY MANAGING THE INVESTMENT PORTFOLIO FOR LONG-TERM PERFORMANCE
STRATEGICALLY MANAGING THE INVESTMENT PORTFOLIO FOR LONG-TERM PERFORMANCE Raleigh A. Trovillion Executive Vice President UMB Bank Investment Division St. Louis, MO raleigh.trovillion@umb.com 314-612-8039
More informationColorado. Colorado. First Quarter Prepared by: CUNA Economics and Statistics
First Mid Quarter Year 2017 2018 Colorado Colorado First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan
More informationMinnesota. Minnesota. First Quarter Prepared by: CUNA Economics and Statistics
First Mid Quarter Year 2017 2018 Minnesota Minnesota First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan
More informationArizona. Arizona. First Quarter Prepared by: CUNA Economics and Statistics
First Mid Quarter Year 2017 2018 Arizona Arizona First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan
More informationYear-End Mid California. California. First Quarter Prepared by: CUNA Economics and Statistics
Year-End Mid 2017 California California First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product Comparative
More informationIndiana. Indiana. First Quarter Prepared by: CUNA Economics and Statistics
First Mid Quarter Year 2017 2018 Indiana Indiana First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan
More informationNevada. Nevada. First Quarter Prepared by: CUNA Economics and Statistics
First Mid Quarter Year 2017 2018 Nevada Nevada First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product
More informationOklahoma. Oklahoma. First Quarter Prepared by: CUNA Economics and Statistics
First Mid Quarter Year 2017 2018 Oklahoma Oklahoma First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan
More informationAlaska. Alaska. First Quarter Prepared by: CUNA Economics and Statistics
First Mid Quarter Year 2017 2018 Alaska Alaska First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product
More informationTexas. Texas. First Quarter Prepared by: CUNA Economics and Statistics
Year-End Mid 2017 2018 Texas Texas First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product Comparative
More informationHawaii. Hawaii. First Quarter Prepared by: CUNA Economics and Statistics
First Mid Quarter Year 2017 2018 Hawaii Hawaii First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product
More informationYear-End Mid Pennsylvania. Pennsylvania. First Quarter Prepared by: CUNA Economics and Statistics
Year-End Mid 2017 Pennsylvania Pennsylvania First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product
More informationYear-End Mid Illinois. Illinois. First Quarter Prepared by: CUNA Economics and Statistics
Year-End Mid 2017 Illinois Illinois First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product Comparative
More informationYear-End Mid Virginia. Virginia. First Quarter Prepared by: CUNA Economics and Statistics
Year-End Mid 2017 Virginia Virginia First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product Comparative
More informationYear-End Mid Colorado. Colorado. First Quarter Prepared by: CUNA Economics and Statistics
Year-End Mid 2017 Colorado Colorado First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product Comparative
More informationYear-End Mid Maryland. Maryland. First Quarter Prepared by: CUNA Economics and Statistics
Year-End Mid 2017 Maryland Maryland First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product Comparative
More informationYear-End Mid Louisiana. Louisiana. First Quarter Prepared by: CUNA Economics and Statistics
Year-End Mid 2017 Louisiana Louisiana First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product Comparative
More informationYear-End Mid Nevada. Nevada. First Quarter Prepared by: CUNA Economics and Statistics
Year-End Mid 2017 Nevada Nevada First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product Comparative
More informationYear-End Mid Alaska. Alaska. First Quarter Prepared by: CUNA Economics and Statistics
Year-End Mid 2017 Alaska Alaska First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product Comparative
More informationAlabama. Alabama. First Quarter Prepared by: CUNA Economics and Statistics
Year-End Mid 2017 2018 Alabama Alabama First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product Comparative
More informationSouth Dakota. South Dakota. First Quarter Prepared by: CUNA Economics and Statistics
Year-End Mid 2017 2018 South Dakota South Dakota First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan
More informationNew Hampshire. New Hampshire. First Quarter Prepared by: CUNA Economics and Statistics
Year-End Mid 2017 2018 New Hampshire New Hampshire First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan
More informationYear-End Mid Hawaii. Hawaii. First Quarter Prepared by: CUNA Economics and Statistics
Year-End Mid 2017 Hawaii Hawaii First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product Comparative
More informationWest Virginia. West Virginia. First Quarter Prepared by: CUNA Economics and Statistics
Third Mid Quarter Year 2017 2018 West Virginia West Virginia First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household.
More informationTrendwatch 2Q 2018 The Annual Report for the Industry
Trendwatch 2Q 2018 The Annual Report for the Industry Data for June 30, 2018 Call Dates: August 22 & 23, 2018 Welcome! When you join the event, you should automatically be connected to the audio broadcast
More informationMid-Year Rhode Island. Rhode Island. First Quarter Prepared by: CUNA Economics and Statistics
Mid-Year 2017 2018 Rhode Island Rhode Island First Quarter 2017 Prepared by: CUNA Economics and Statistics Source: Datatrac, NCUA, and CUNA. (1)Assumes 2.1 credit union members per household. Loan Product
More information