June 13, 2023, 7:59 p.m.
"University Bancorp in Ann Arbor, Michigan, jumped from third in last year's ranking to claim the No. 1 spot this year, with a three-year average ROAE of 35.62%". While likely relying more on two years previous results, a nice distinction for @LangeRanzini and $UNIB
June 13, 2023, 1:29 p.m.
"A serious credit crunch is going to be tough to avoid. Liquidity must be rationed. Cash flows from maturing bonds and loans at many institutions will be directed to pay down wholesale borrowings or fund deposit outflows for now".
June 12, 2023, 7:20 p.m.
@colarion I see from NB's 2022 AR that 15% of workforce is dedicated to cannabis banking. NB opened a new Specialized Banking Center (SBC) to service the industry. The SAFE Banking Act has passed the House 6-7 times. Do you think that it will ever pass Senate?
June 11, 2023, 7:57 p.m.
June 11, 2023, 12:43 p.m.
@alluvialcapital @Ron284Ron I'm pretty sure nothing has changed...you under-estimated the level of traditional and sleepy.😂 If you want to see what bank websites looked like 20 years ago, I don't think that this one has changed much. Special sauce here was an equity portfolio.
June 7, 2023, 8:32 p.m.
Here's a big shout-out to a well-regarded bank analyst on Twitter @colarion, who Joel Barrett quoted at the 2023 TNB SH Meeting (29 - 31 minute mark). While his joke brought the house down, this year's meeting was a masterclass on running a community bank during rising rates.
June 5, 2023, 2:26 p.m.
June 1, 2023, 3:43 p.m.
Managing a bank's balance sheet is more like arranging choreography for a tango than designing moves for a line dance. In other words, orchestrating both the left (assets) and the right (liabilities) side of the balance sheet to move together. Result = The Magic!
May 30, 2023, 2:51 p.m.
This observation is "spot on," there are literally masterpieces overlooked here. After Vincenzo Peruggia boosted the Mona Lisa in 1911, for over two years the Louvre maintained an open spot formerly occupied by the painting. Patrons visited the museum to stare at an empty wall.
May 28, 2023, 5:28 p.m.
May 25, 2023, 1:22 p.m.
May 25, 2023, 1:17 p.m.
Like a yearbook for bankers, with every branch and department represented. I've met a number of them and they are the salt of the earth.
May 24, 2023, 3:34 p.m.
Fascinating story, small time investors got swept up in MF deals sold by "syndicators". These deals relied on rent increases to service debt, along with floating rate loans which soured when rates increased. Who were the lenders? Any particular regional bank?
May 23, 2023, 8:59 p.m.
I love Central Bancompany! Non-voting shares $CBCYB easier to pick up. Who knows why Bank Holding Company peer reports are so delayed (UBPRs out w/in 30 days of qtr. end)? My back-of-envelope for 1Q23 - ROA = 1.58%, ROE - 11.9%. Negligible HTM.
May 23, 2023, 6:40 p.m.
A thought-provoking blog post about many banks' behavior regarding interest rates on deposits during the current rate increases. "Sleepy depositors that don't demand top rate. You know, the practice...of raising...deposit rates only if the customer calls and complains".
May 22, 2023, 4:30 p.m.
