Pub. 18 2021 Issue 2

4 O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S — H E L P I N G N E W M E X I C O R E A L I Z E D R E A M S Our Mission The mission of the New Mexico Bankers Association (NMBA) is to serve member bank needs by acting as New Mexico banking’s representative to government, the public, and the industry; providing resources, education and information to enhance the opportunities for success in banking; promoting unity within the industry on common issues; and seeking to improve the regulatory climate to the end that banks can profitably compete in the providing of financial and related products and services. ©2021 The NewMexico Bankers Association (NMBA) | The newsLINK Group, LLC. All rights reserved. The NewMexico Bankers Association Quarterly is published four times eachyear by ThenewsLINKGroup, LLC forNMBAand is theofficial publication for this association. The information contained in this publication is intended to provide general information for review, consideration and education. The contents do not constitute legal advice and should not be relied on as such. If you need legal advice or assistance, it is strongly recommended that you contact an attorney as to your circumstances. The statements and opinions expressed in this publi - cation are those of the individual authors and do not necessarily represent the views of the NMBA, its board of directors, or the publisher. Likewise, the appearance of advertisements within this publication does not constitute an endorsement or recommendation of any product or service advertised. The NewMexico Bankers Association Quarterly is a collective work, and as such, some articles are submitted by authors who are independent of NMBA. While the New Mexico Bankers Association Quarterly encourages a first-print policy, in cases where this is not possible, every effort has beenmade to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprinted without prior written permission. For further information, please contact the publisher at 855.747.4003. 6 PRESIDENT’S MESSAGE: TWO YEAR REVIEW AS NMBA PRESIDENT By Jason Wyatt, President, New Mexico Bankers Association 8 EXECUTIVE VICE PRESIDENT’S MESS AGE: THANKS TO JASON WYATT AND GOVERNMENT RELATIONS By John W. Anderson, Executive Vice President, New Mexico Bankers Association 10 WASHI NGTON UPDATE: TIME’S UP: CONGRESS MUST STOP CREDIT UNION PUR CHASES OF TAXPAYING BANKS By Rob Nichols, President and CEO, American Bankers Association 12 “INSTANT” IS COMING TO PAYMENTS By William J. Schoch, President & CEO, Wespay 15 A CLOSER LOOK AT THE U.S. HOUSING MARKET By Mark Anderson, NMBA Legal and Legislative Assistant 18 RESUMING CECL COMPLIANCE PLANNING By Jay Kenney, PCBB 20 EMBRACING DIGITAL STATEMENTS TO ENHANCE CUSTOMER ENGAGEMENT By Jimmie Paradee, CSI 22 THE BLACK AND WHITE OF TRID TIMING By John Berteau, Associate General Counsel, Compliance Alliance 25 BANK NEWS 26 BANKERS ON THE MOVE ISSUE 2, 2021 NEW MEXICO BANKERS DIGEST PUBLISHED BY NEW MEXICO BANKERS ASSOCIATION, FOUNDED IN 1906 PHOTO BY: JIM RENFROW President's Message — Jason Wyatt Page 6 Executive Vice President’s Message — John W. Anderson Page 8 A Closer Look at the U.S. Housing Market — Mark Anderson Page 15 2021 NMBA Board of Directors President Jason Wyatt Western Commerce Bank 212 North Canal Street Carlsbad, NM 88220 President Elect Lonnie Talbert Southwest Capital Bank 1410 Central Ave., SW Albuquerque, NM 87104 Immediate Past President Michael Lowrimore Bank of the West 303 Roma Avenue, NW Albuquerque, NM 87102 Executive Vice President John W. Anderson New Mexico Bankers Association 316 Osuna NW, Suite 502 Albuquerque, NM 87107 Terms Expiring 2020 Danny Beyhan The Citizens Bank, Farmington P.O. Box 4140 Farmington, NM 87499 Aaron Emmert Pioneer Bank, Roswell 3000 N. Main Street Roswell, NM 88201 Terms Expiring 2021 Scott Czarniak First National 1870 7300 Jefferson St., NE Albuquerque, NM 87109 David Hockmuth Wells Fargo Bank, NA 200 Lomas, NW Albuquerque, NM 87102 Mark Horn Pinnacle Bank 107 W. Aztec Ave. Gallup, NM 87301 Terms Expiring 2022 Ken Clayton Western Bank, Artesia 320 W. Texas Artesia, NM 88210 Sheila Mathews Four Corners Community Bank 500 W. Main, Suite 101 Farmington, NM 87401 Jay Jenkins CNB Bank P.O. Box 1359 Carlsbad, NM 88220