Young people can be so disappointing. We had a lender in his 30’s that we transitioned from analyst to loan officer. Gave him raises along the way. Has booked minimal deals for 18 months so on Friday we wanted him to go back to splitting analyst/lender duties and take back raise
My goodness the realtors are crying. Heard another one today. Do they really think we feel sorry for them for taking 6% of the entire housing market for filling out a form??
How do you evaluate if your bank is high risk for a bank run??
1) Look at on balance sheet cash as a % of assets or deposits. below 3%,🚩
2) Look at unrealized loss in bond portfolio as a % of tangible capital. If tangible cap is under 4% after mark, 🚩
3) Look to see if
We were. However getting demoted and still making six figures and you quit, that’s just ridiculous. No fight in young people when it doesn’t go their way
The S&P is down 1% for the year and everyone is acting like the world is ending. We are literally alcoholics getting sober from the bloated spending addiction.
Last month, we had a decent month in mortgage and most were refinances. Our pipeline this month is similar. People are giving up the low mortgage rate so they can consolidate their consumer debts bc they are tapped out.
To all the people thinking of switching to a big 4 bank, community banks fund 60-70% of all small biz in this country. They make loans that large banks wouldn’t do. You are just a number to them and if you don’t fit in their box, you don’t get that loan. There are ways to protect