Community Bankers of Iowa Monthly Banker Update November 2013 | Page 3

In This Issue From the CEO & EVP, Don Hole From the CEO & EVP, Don Hole..1 Save the Dates: The Next Generation of Community Banking Leadership is Meeting in Des Moines....................................1 Community Bankers of Iowa & Secure Banking Solutions Launch a New Certification Program....2-3 Fine Points.....................................4 From the Top.................................5 Washington Watch.........................6 Community Bank Summits Bring Experts in the Industry to Bankers Across Iowa.....................8 Make a Difference in YOUR Association.....................................9 Implementing a Successful Strategic Plan Involves a MultiLevel Approach.......................10-11 Enrollment Deadline Approaching for Small Employers Using the New SHOP Exchange.....................................12 Start the Clock............................13 Consumer Tips From the Community Bankers of Iowa......14 Community Bankers for Compliance Program Helps Protect Your Bank.......................15 Main Street Economic Survey.....................................16-17 Community Bankers of Iowa 1603 22nd Street, Suite 102 West Des Moines, Iowa 50266 Phone: [phone] And Now...Here Come the Accountants Just when you thought that perhaps the deluge of regulatory changes and additions might be slowly…ever so slowly…. beginning to abate, we receive a proposal from the Financial Accounting Standards Board (FASB) to prescribe that now we must determine the present value of losses based on evaluation of individual credits at the time of booking. Seriously? I guess the accountants feel somehow responsible for the credit losses sustained by large banks who were using questionable, or non-existent underwriting leading up to the financial crisis. In a classic “You should have known better” approach not dissimilar to previous proposals to require banks to mark-to-market all securities regardless of maturity or intent to hold, FASB now wants every loan to be reserved for up front based on a subjective evaluation of the future credit worthiness of the borrower, the economy and unforeseen circumstances. Just pondering the effect of this proposal on the average community bank is staggering. THIS MUST BE STOPPED. CBI and ICBA are working hard on defeating this proposal outright or at least suggesting a solution based on current regulatory reserve requirements, but EVERY community banker needs to be involved. Please take the time to 1. 2. 3. 4. 5. Read the Proposal Review the comments and options Write a comment letter Sign the Petition STAY INVOLVED This could be the first of many proposals that will harm your bank with no significant effect on safety and soundness. Complete details, sample letters and access to the petition can be found at: http://www.icba.org/creditlosses/index.cfm Don’t Wait. Do it Today. Save the Dates: The Next Generation of Community Banking Leadership is Meeting in Des Moines CBI’s Leaders of Tomorrow Program Holding Their Annual Leadership Summit March 27-28, 2014 The Community Bankers of Iowa’s Leaders of Tomorrow (LOT) program is holding their Annual Leadership Summit March 27-28, 2014 at Embassy Suites Hotel in Des Moines. Mark your calendars today and plan on attending or sending the up-and-coming leaders in your bank to this educational, networking event. Additional information and registration will be on the CBI website (www.cbiaonline.org) as it becomes available. For now, save the date and plan on attending the LOT Leadership Summit. If you are interested in sponsoring the LOT Leadership Summit, please contact Megan Hollinger at 515.453.1495 or via email at [email protected].