21 HќќѠіђџȱ юћјђџ ђяџѢюџѦ 2014 good enough about the economy that it’s not going to go up and down? For the most part, we feel that they’re ęǰȱ ȱ ȱȱ¢ȱȱ cash, we know that they have credit; ȱȂȱȱȱ¢ȱȂȱǽǾDzȱȂȱ that they’re nervous. Whether it’s ȱĴȱȱ ȱȱȱ Federal Reserve or an action from Congress, or lack thereof, all of these things make people nervous and restrain growth.” Yellen has her work cut out for her. It is clear she has nothing but the best intentions for the working man, but her support of Bernanke’s easy money program has drawn criticism. Even with the notion that low interest rates from monthly bond buying generate more savings, big businesses ȱěȱȱȱȱ its continuation. Janet Yellen certainly has the intelligence and experience to govern the Federal Reserve, but only time will tell if the continuation of the “show me the money” approach will have served the nation well. 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 $2.5M loan £ȱ ǰȱ ǰȱ ȱ ¢ǰȱȱȱȱĴȱȱ ǯȱřŖȱȱ a new banking facility, named “The Wolves Branch,” located in the Michigan City High School. This facility provides banking services to the school’s students, ¢ȱȱěǰȱȱ well as increased ęȱ¢ȱ opportunities for the ǯȱ ěȱ¢ȱ students, the branch is open one-half hour prior to the start of the school day and throughout all lunch periods. A Horizon Bank adviser is on premise during the hours of ǰȱȱȱ¢ȱȱȱȱȱȱȱǯȱ ȱěȱ ȱǰȱ¢ȱȱěȱȱȱȱǰȱȱȱ savings accounts, and customized Wolves debit cards. FINANCIAL LITERACY DIGEST 7KH 0LFKLJDQ &LW\ +LJK 6FKRRO PDVFRW MRLQV IDFXOW\ VWXGHQWV VFKRRO VWDII DQG EDQN SHUVRQQHO DW WKH RSHQLQJ RI ´7KH :ROYHV %UDQFKµ RI +RUL]RQ %DQN 1$ 0LFKLJDQ &LW\ ORFDWHG ZLWKLQ 0LFKLJDQ &LW\ +LJK 6FKRRO
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