800.228.2581 MHM.INC Now more than ever people want self-service options. With our core integrated ITMs we can make this a reality both in the lobby and in the drive-up of your branch. SELF-SERVICE BANKING durations are much higher (4.3 years versus 2.9). This means that the flood of cash may take longer to materialize than in 2020. On the plus side, since today’s portfolios are still on balance and underwater by about 6%, there’s room for them to appreciate in value if they have any staying power. One final thought: Through September 2024, the year-to-date volume of calls being exercised on agency bonds totaled $300 billion, compared with $330 billion through the first nine months of 2020. This speaks to the “higher-for-longer” rate cycle just concluded. It also suggests that portfolio managers should have some sandbags ready in the form of call protection to guard against any incoming waves of cash flow. Jim Reber, CPA, CFA, (jreber@icbasecurities.com) is president and CEO of ICBA Securities, ICBA’s institutional, fixed-income broker-dealer for community banks. Portfolio managers should have some sandbags ready in the form of call protection to guard against any incoming waves of cash flow. EDUCATION ON TAP Thanks to ICBA Affiliates for Your 2024 Support ICBA Securities and its exclusive broker-dealer Stifel participated in education events for 28 ICBA state affiliates this year, which is the most in our history. We are grateful for the relationships and look forward to more collaboration in 2025. ICBA LIVE 2025 ICBA Securities and Stifel will again be active at ICBA LIVE in Nashville, Tennessee, from March 11 to 14. We will host several Learning Labs and be visible at the Expo. Several Stifel strategists will be on hand to meet with management teams and discuss balance sheet and income opportunities. To register, visit icba.org/live. 12 NEBRASKA INDEPENDENT BANKER
RkJQdWJsaXNoZXIy MTg3NDExNQ==