CFO Corner

May 2, 2019
Uncovering Hidden Deposits in Your Market premium
At one point in time, the smallest town in the U.S. was Buford, Wyoming. Population: 1. The only resident also ran the only gas station and post office in the town. It’d be a real kicker if he also ran the only bank, right? Suffice to say, America is home to many small communities along […]
premium
Greg Wempe
January 28, 2019
How to Offer 4% on Checking Accounts and Still Make a Profit premium
Anyone working in the banking industry knows that most checking accounts don’t pay a very high APY if they pay any at all. The business of running a financial institution is predicated on paying the lowest, yet competitive rates you can on deposits while charging the highest competitive rates that you can on loans. So […]
premium
January 8, 2019
Your Secret Weapon in the Battle Against Margin Compression premium
Since the 2008 financial crisis, the financial industry has left “crisis-response mode,” but we’re not out of the woods yet. Many institutions emerged from the financial crisis with their balance sheets in different stages of health. Though the economy continues to grow, we need more than a one-size-fits-all solution to get back on track. The […]
premium
Greg Wempe
September 24, 2018
Why Cost Of Funds Isn’t Telling You The Whole Story premium
We all received the same lecture on the first day of banking school, and it started with the professor writing three large letters on the freshly-cleaned blackboard: C. O. F. For good reason. Without a sharp eye on cost of funds (COF), banks and credit unions can expose themselves to interest rate risk (among many […]
premium
Greg Wempe
September 14, 2018
Wells Fargo Is Quietly Testing 2%+ Short-Term CDs premium
When I first started at Kasasa (then known as BancVue), Fed Funds was targeted at 4.50%. Short-term CD specials were clipping 5% as banks and credit unions clamored for deposits. Three months later, target Fed Funds hit its peak of 5.25%, those same CD specials started pushing towards 6%, we were launching clients with 6%+ […]
premium
Greg Wempe
June 18, 2018
Rising Rate Environment: How Good is Your Offense? premium
With the announcement by the Federal Reserve and their first of what is anticipated to be several interest rate increases, how are we to position our balance sheet to be defensive as we enter this next rate cycle? The saying goes, “The best defense is a good offense.”
premium
Jeremy Foster