{"product_id":"community-banking-strategies-isbn-9781576603697","title":"Community Banking Strategies","description":"\u003cp\u003e\u003cb\u003eA guide for community banks to rebuild and strengthen their business\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eWith Wall Street reeling and big banks under pressure, community banks have an opportunity to strengthen their position in the marketplace. By reconnecting with local businesses and consumers, increasing core deposits, and carefully managing their investments and balance sheets, community banks can attract underserved clients from larger competitors. \u003c\/p\u003e\u003cp\u003eWith \u003cb\u003e\u003ci\u003eCommunity Banking Strategies\u003c\/i\u003e,\u003c\/b\u003e author \u003cb\u003eVincent Boberski\u003c\/b\u003e???a financial professional who has spent years working with senior management and the boards of directors at local banks???skillfully reveals how community banks can compete against bigger institutions in the wake of the most significant financial crisis since the 1930s. \u003c\/p\u003e\u003cp\u003eBeginning with a novel analysis of community banks and their relationship to both national and global financial competitors, he insightfully places the meltdown of the financial markets and the resulting Great Recession into a historical context. With a bold look into the future, Boberski outlines the risks and trends that will shape both the industry and the economy as a whole. He sets clear strategic goals that will allow community bank managers, directors, and investors to profit from a broad localization of American finance. \u003c\/p\u003e\u003cp\u003eChapter by chapter, Boberski offers practical advice on many of the most important issues in this area, including portfolio management, balance sheet management, and dealing with interest rate and credit cycles. Along the way, Boberski also offers in-depth insights on establishing and encouraging the lasting client relationships that produce the most essential piece of the banking business: core deposits, the heart of any good local bank. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eEngaging and informative, \u003cb\u003e\u003ci\u003eCommunity Banking Strategies\u003c\/i\u003e\u003c\/b\u003e will help you: \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eBecome familiar with the strategies, products, and tactics that will enable community banks to create opportunities out of market dislocations and effectively manage risk\u003c\/li\u003e \u003cli\u003eCapture consistently profitable growth at the expense of regional and national competitors\u003c\/li\u003e \u003cli\u003eTransform newfound market dynamics into customer relationships that touch both sides of the balance sheet\u003c\/li\u003e \u003cli\u003eAnd much more\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eWritten in a straightforward and accessible style, this reliable resource is a must-read for community bank executives, directors, investors, and the brokers who work with them. If you want to gain a better understanding of the strategies that consistently lead to success in this field, this book is the best place to start. \u003c\/p\u003e\u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 A New Era for Community Banking 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Five-Forces Analysis of the Competitive Position of Community Banks 3\u003c\/p\u003e \u003cp\u003eRivalry Within the Industry and New (Really Returning) Entrants 7\u003c\/p\u003e \u003cp\u003eThe Bargaining Power of Suppliers and Customers 9\u003c\/p\u003e \u003cp\u003eThe Threat of New Products 12\u003c\/p\u003e \u003cp\u003eHas the Community Banking Model Changed? 13\u003c\/p\u003e \u003cp\u003eWinners and Losers 14\u003c\/p\u003e \u003cp\u003eThe Revolution of 2008 17\u003c\/p\u003e \u003cp\u003eThe Nationalization of Fannie, Freddie, and Poof! No More Private Securitization 17\u003c\/p\u003e \u003cp\u003eThe Loss of Wall Street Balance Sheets: Who Moved My Primary Dealer? 19\u003c\/p\u003e \u003cp\u003eThe Collapse of the Consumer: An Escalade for Every Driveway 20\u003c\/p\u003e \u003cp\u003eThe Collapse of the Housing Market: Jingle Mail, Jingle Mail, Jingle All the Way 20\u003c\/p\u003e \u003cp\u003eA Look Forward 21\u003c\/p\u003e \u003cp\u003eConsolidation and Less Competition for Community Banks from Larger Institutions 22\u003c\/p\u003e \u003cp\u003eSignifi cantly Improved Liability Pricing 22\u003c\/p\u003e \u003cp\u003eMore Big Failures 23\u003c\/p\u003e \u003cp\u003eA Recession Deeper Than the Early 1980s 23\u003c\/p\u003e \u003cp\u003eHousing Prices Fail to Rise 24\u003c\/p\u003e \u003cp\u003eThe Securitization Engine Fails to Restart 24\u003c\/p\u003e \u003cp\u003eThe Treasury Effectively Becomes an Activist Shareholder 24\u003c\/p\u003e \u003cp\u003eCrowding Out by the Treasury 25\u003c\/p\u003e \u003cp\u003eA Prolonged Period of Stagfl ation Driven by Skyrocketing Energy Costs and Permanently Higher Tax Rates 26\u003c\/p\u003e \u003cp\u003eWhere, Incidentally, Is the Next Bubble Going to Be If Not in Goods Prices? 27\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Historical Credit Crises and What’s Different Now 29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Derivatives Mess of 1994 30\u003c\/p\u003e \u003cp\u003eThe Russian and LTCM Crisis of 1998 31\u003c\/p\u003e \u003cp\u003eThe Commercial Real Estate and S\u0026amp;L Crisis of 1988 to 1992 33\u003c\/p\u003e \u003cp\u003eHow Bad Can Things Get? 34\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Valuations and Lessons from the Equity Markets 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Drives Bank Valuations? 38\u003c\/p\u003e \u003cp\u003eWhat Investors Look for in Different Parts of the Credit Cycle 40\u003c\/p\u003e \u003cp\u003ePractical Implications 41\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Liabilities and Capital 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLiabilities and Franchise Value 50\u003c\/p\u003e \u003cp\u003eAdvice from a Flat Curve Environment (2007) 52\u003c\/p\u003e \u003cp\u003eWhat Works 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Managing the Balance Sheet Through Different Interest-Rate Cycles 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Brokers Will Ask You to Do and When You Should Do Them 63\u003c\/p\u003e \u003cp\u003eWholesale Leverage 63\u003c\/p\u003e \u003cp\u003eDeleveraging, Including Loan Sales 66\u003c\/p\u003e \u003cp\u003eBond-Portfolio Restructuring 68\u003c\/p\u003e \u003cp\u003ePre-Refunding 72\u003c\/p\u003e \u003cp\u003eSummary 72\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Investments and the Wholesale Balance Sheet 73\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Cost of Liquidity 75\u003c\/p\u003e \u003cp\u003eThe Bond Portfolio and A\/L Management 76\u003c\/p\u003e \u003cp\u003eThe Portfolio as an Earnings Driver 77\u003c\/p\u003e \u003cp\u003eAppropriate Products for Bank Investment Portfolios 78\u003c\/p\u003e \u003cp\u003eAgency MBS and CMOs 80\u003c\/p\u003e \u003cp\u003eGinnie Mae MBS and CMOs 87\u003c\/p\u003e \u003cp\u003eSBA Floating- and Fixed-Rate Pools 91\u003c\/p\u003e \u003cp\u003eCallable and Bullet Agency Debentures 93\u003c\/p\u003e \u003cp\u003eBank-Qualifi ed Municipals 100\u003c\/p\u003e \u003cp\u003ePortfolio Structures and Processes That Work 101\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 What Banks Should Ask of Their Brokers 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProducts and Services Your Broker Should Provide 107\u003c\/p\u003e \u003cp\u003eDifferent Brokerage Models 110\u003c\/p\u003e \u003cp\u003eQuestions Your Broker Should Know the Answer to (or Should at Least Ask) 111\u003c\/p\u003e \u003cp\u003eSummary 113\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Tax Effi ciency: As Important as Operational Effi ciency 115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhen Munis Make Sense 117\u003c\/p\u003e \u003cp\u003eWhen to Put BOLI on the Balance Sheet 120\u003c\/p\u003e \u003cp\u003eCase Study: Munis Versus BOLI 121\u003c\/p\u003e \u003cp\u003eBOLI Specifi cs: The Case for Separate Account Versus General Account 124\u003c\/p\u003e \u003cp\u003eSummary 129\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Derivatives as a Way to Manage Balance Sheet, Earnings, and Business Risk 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMacro, One-Way, and Two-Way (or Client) Hedging Examples 134\u003c\/p\u003e \u003cp\u003eMacro Hedge 137\u003c\/p\u003e \u003cp\u003eOne-Way Hedging 143\u003c\/p\u003e \u003cp\u003eTwo-Way or Client Hedging 150\u003c\/p\u003e \u003cp\u003eSummary 156\u003c\/p\u003e \u003cp\u003eA Word on Structured Repo 156\u003c\/p\u003e \u003cp\u003eAppendix: Caps, Floors, and Swap Valuations 157\u003c\/p\u003e \u003cp\u003eAfterword 159\u003c\/p\u003e \u003cp\u003eAppendix 161\u003c\/p\u003e \u003cp\u003ePerformance Measurement Through Peer Analysis and Benchmarking 161\u003c\/p\u003e \u003cp\u003eSynthetic Duration Matching 163\u003c\/p\u003e \u003cp\u003eSynthetic Historical Volatility Matching 165\u003c\/p\u003e \u003cp\u003eSD of Portfolio Returns ÷ SD of Index Return 165\u003c\/p\u003e \u003cp\u003eSharpe Ratio, Treynor Measure, Scaled Returns, and Scenario Analysis 166\u003c\/p\u003e \u003cp\u003eAbout the Author 171\u003c\/p\u003e \u003cp\u003eIndex 173\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eVINCENT BOBERSKI\u003c\/b\u003e is a senior vice president and partner at Vining Sparks IBG, a broker\/dealer for institutional investors. He was a senior vice president at FTN Financial and a managing director and head of fixed income research and strategies at RBC Capital Markets. Boberski began his career at the Federal Reserve Bank of Richmond. He holds an MBA from the University of Chicago; an undergraduate degree from William \u0026amp; Mary, where he was a Wilson Scholar; and the CFA and PRM designations. Boberski is a regular contributor to CNBC and Bloomberg TV and radio. He speaks frequently at institutional investment conferences and is quoted often in the financial press. He lives in Memphis with his wife Anne, two children, and more dogs than are strictly necessary.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eA guide for community banks to rebuild and strengthen their business\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eWith Wall Street reeling and big banks under pressure, community banks have an opportunity to strengthen their position in the marketplace. By reconnecting with local businesses and consumers, increasing core deposits, and carefully managing their investments and balance sheets, community banks can attract underserved clients from larger competitors. \u003c\/p\u003e\u003cp\u003eWith \u003cb\u003e\u003ci\u003eCommunity Banking Strategies\u003c\/i\u003e,\u003c\/b\u003e author \u003cb\u003eVincent Boberski\u003c\/b\u003e???a financial professional who has spent years working with senior management and the boards of directors at local banks???skillfully reveals how community banks can compete against bigger institutions in the wake of the most significant financial crisis since the 1930s. \u003c\/p\u003e\u003cp\u003eBeginning with a novel analysis of community banks and their relationship to both national and global financial competitors, he insightfully places the meltdown of the financial markets and the resulting Great Recession into a historical context. With a bold look into the future, Boberski outlines the risks and trends that will shape both the industry and the economy as a whole. He sets clear strategic goals that will allow community bank managers, directors, and investors to profit from a broad localization of American finance. \u003c\/p\u003e\u003cp\u003eChapter by chapter, Boberski offers practical advice on many of the most important issues in this area, including portfolio management, balance sheet management, and dealing with interest rate and credit cycles. Along the way, Boberski also offers in-depth insights on establishing and encouraging the lasting client relationships that produce the most essential piece of the banking business: core deposits, the heart of any good local bank. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eEngaging and informative, \u003cb\u003e\u003ci\u003eCommunity Banking Strategies\u003c\/i\u003e\u003c\/b\u003e will help you: \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eBecome familiar with the strategies, products, and tactics that will enable community banks to create opportunities out of market dislocations and effectively manage risk\u003c\/li\u003e \u003cli\u003eCapture consistently profitable growth at the expense of regional and national competitors\u003c\/li\u003e \u003cli\u003eTransform newfound market dynamics into customer relationships that touch both sides of the balance sheet\u003c\/li\u003e \u003cli\u003eAnd much more\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eWritten in a straightforward and accessible style, this reliable resource is a must-read for community bank executives, directors, investors, and the brokers who work with them. If you want to gain a better understanding of the strategies that consistently lead to success in this field, this book is the best place to start.\u003c\/p\u003e","brand":"Bloomberg Press","offers":[{"title":"Default Title","offer_id":47988954005733,"sku":"NP9781576603697","price":60.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781576603697.jpg?v=1761782192","url":"https:\/\/k12savings.com\/es\/products\/community-banking-strategies-isbn-9781576603697","provider":"K12savings","version":"1.0","type":"link"}