PORTFOLIO MANAGEMENT By JIM REBER, CPA, CFA President and CEO, ICBA Securities LIES AND STATISTICS I think most bankers, being numbers people by trade, have some familiarity with the phrase in this headline, which is often associated with Mark Twain. At times, it has been suggested that your correspondent, a certified public accountant, can take numbers and analyses to a different (and possibly lower) level than the average financial professional. For the next four minutes, I am going to attempt to weave some observations about the current posture of community bank bond portfolios into a cogent column. Spoiler alert: What follows is mostly positive commentary. As I have stated before, I hold portfolio managers in high regard. There are years of data that demonstrate how bankers can identify opportunities and, just as importantly, Community Bank Bond Portfolios Have Latent Strengths 6 NEBRASKA INDEPENDENT BANKER
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