23 HќќѠіђџȱ юћјђџ юћѢюџѦ 2014 The Indiana Bankers Association won two statewide awards from the Indiana Society of Association Executives (ISAE) at an awards event ȱ DZ Laura Wilson, IBA vice president communications, was named 2013 Association Professional of the Year. A graduate of Northwestern University, she joined the IBA in 1987 and is responsible for the Association’s print and electronic communications, social media and public relations. Four other IBA employees — Paul W. Freeman, Laurie R. Rees, ȱ ǯȱ Ĵ and Dax Denton — are past years’ honorees of ISAE’s Association ȱ ȱȱěȱȱȱ compliance function. Not only is this solution a software platform, but it also provides each bank with on-call regulatory experts, ȱȱȱęȱȱ to assist with guidance and expertise through regular communication with Continuity. Each expert is a former examiner or senior auditor with a minimum of 15 years of industry ¡ǯȱ ȱȱ ȱ¢ȱěȱ have to read each regulatory change from cover to cover, because the Continuity experts will provide the bank with a summation of the regulation, £ȱȱęȱ ȱȱȱ¢ȱ your bank. If compliance is a burden, let Continuity Control talk with you about an all-encompassing solution that will free you to focus on banking. For more information on these ȱȱěǰȱȱȱ ȱřŗŝȬřŞŝȬşřŞŖǰȱDZȱ ¢ȓ indianabankers.org. Hidden problem loans can lead to big expenses. F O L U T I O N S Banks today face a growing number of high-risk loans that are hard to identify. A single REO transaction can put an unexpected blemish on your balance sheet and result in hundreds of thousands of dollars in carrying costs and foreclosure expenses. SNLBanker provides tools to help you minimize surprise foreclosures for a stronger balance sheet. C U S O N S O of tify. pected blemish on your balance Credit Quality Dashboard › Indiana Bankers Association members: Learn more about managing your bank’s NPAs. Contact Julie Jones at 434.951.4419; partners@SNL.com. Collateral Concentration Report $75k in carrying costs for 6 months 6% or $300k in REO costs $375k in total costs + $5M foreclosed property $2.5M loan ,%$ :LQV 7ZR 6WDWHZLGH $ZDUGV Professional of the Year award; and S. Joe DeHaven was named Association Executive of the Year in 2010. IBA’s captive insurance pools program won in the category of ȱ Ȭ ȱ ȱ Program. IBA’s program is based on the concept of a captive insurance company — a limited purpose property and casualty insurance company with at least seven subsidiaries/companies — to coordinate the formation of pools of banks that otherwise would not qualify. It is administered by Rod Lasley, IBA vice president-products & services. IBA is the only state bank trade association in the country to ěȱȱȱȱȱ member banks.
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