A BALANCING ACT

Focus has shifted to the interest rate environment and attempting to forecast and stress test what may happen with pandemic surge deposits and loan demand in an aggressive rising rate environment. Plumski: At Stearns Bank, our people have come to expect change, pivot often and truly embrace the chan...

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Bibliographic Details
Published inIndependent Banker Vol. 72; no. 8; pp. 40 - 45
Main Author Munk, Cheryl Winokur
Format Conference Proceeding
LanguageEnglish
Published Sauk Centre Independent Community Bankers of America 01.08.2022
Subjects
Balance sheets
Banking industry
Banks
Community banks
COVID-19
Customers
Employees
Flexibility
Independent banks
Interest rates
Pandemics
Teams
Workforce planning
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Summary:Focus has shifted to the interest rate environment and attempting to forecast and stress test what may happen with pandemic surge deposits and loan demand in an aggressive rising rate environment. Plumski: At Stearns Bank, our people have come to expect change, pivot often and truly embrace the changing environment as they support our customers. [...]it is our job to listen to their desires, which include flexibility in a remote work option. Adcock: ALM (asset liability management) reports are always monitored and provide assistance to a bank managing its balance sheet and interest rate risks. With rates having been at all-time lows in recent years, our balance sheet was made to be asset sensitive. [...]we will benefit from rate increases.
ISSN:0019-3674