BANCMAC COMMUNITY BANC MORTGAGE CORP. YOUR COMMUNITY BANK MORTGAGE PARTNER bancmac.com mortgages@bancmac.com 888.821.7729 | NMLS# 571147 BancMac provides correspondent and wholesale lending and is your Community Bank Mortgage Partner to help your financial institution originate fixed-rate secondary market loans including: PROGRAMS • Conventional Loans • USDA Rural Development Loans • Rural Living (Hobby Farm) Loans • VA Loans • Jumbo Loans • FHA Loans OUR PARTNERS RECEIVE: • Superior Service & Competitive Pricing • No Minimum Volumes • Significant, Non-Interest Fee Income • Non-Solicit Protections & More weakness. Office vacancy rates climbed during the COVID-19 pandemic and, in many cases, have remained elevated as many people continue to work from home. Supervisors are closely monitoring underwriting standards, loan quality and credit loss reserve levels across the entirety of banks’ loan portfolios. Other Supervision Priorities Assessing banks’ preparedness for managing liquidity risk remains high on the Fed’s priority list. Banks are expected to have prudent liquidity risk-management practices and to regularly test their ability to access multiple sources of contingent funding, such as Federal Home Loan Bank advances and the Federal Reserve’s discount window. Cybersecurity is another supervisory priority. Examiners are specifically looking for adequate risk management, governance and controls to protect banks’ data and operations against cyber threats. That assessment extends to certain services performed on behalf of banks by their external service providers. This post is part of a series titled “Supervising Our Nation’s Financial Institutions.” To access the full series, scan the QR code. https://www.stlouisfed.org/on-the-economy#srote_ otefreetexttags=supervising%20financial%20institutions U.S. banks are in good condition with solid earnings, sound asset quality and regulatory capital levels above required minimums. The Show-Me Banker Magazine | 27
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