Pub. 9 2020 Issue 3

C O N T E N T S ©2020VirginiaAssociationofCommunityBanks |ThenewsLINKGroup,LLC.Allrightsreserved.TheCommunityBanker ispublishedfourtimeseachyearbyThenewsLINKGroup,LLCfortheVirginiaAssociationofCommunityBanks and is the official publication for this association. The information contained in this publication is intended to provide general information for review and consideration. The contents do not constitute legal advice and should not be relied on assuch.Ifyouneed legaladviceorassistance, it isstronglyrecommended thatyoucontactanattorneyas toyourspecificcircumstances.Thestatementsandopinionsexpressed in thispublicationare thoseof the individualauthorsanddonot necessarilyrepresenttheviewsoftheVirginiaAssociationofCommunityBanks, itsboardofdirectors,orthepublisher.Likewise,theappearanceofadvertisementswithinthispublicationdoesnotconstituteanendorsementorrecommenda- tionofanyproductorserviceadvertised.TheCommunityBanker isacollectivework,andassuch,somearticlesaresubmittedbyauthorswhoare independentoftheVirginiaAssociationofCommunityBanks.WhileTheCommunityBanker encourages a first print policy, in cases where this is not possible, every effort has been made to comply with any known reprint guidelines or restrictions. Content may not be reproduced or reprinted without prior written permission. For further information,pleasecontactthepublisherat855-747-4003. 8 20 VACB EXECUTIVE COMMITTEE CHAIRMAN Lloyd B. Harrison, III Virginia Partners Bank Fredericksburg CHAIR ELECT William G. Foster Village Bank Midlothian VICE CHAIR J. Michael Thomas Select Bank Lynchburg IMMEDIATE PAST CHAIRMAN Brian K. Plum Blue Ridge Bank Luray ICBA VIRGINIA DELEGATE Mark Hanna F&M Bank Timberville PRESIDENT AND CEO Steven C. Yeakel, CAE VACB Richmond VACB DIRECTORS CLASS OF 2020 Dennis A. Dysart First Bank Strasburg A. Preston Moore, Jr. Blue Ridge Bank Louisa Jay A. Stafford Benchmark Community Bank Kenbridge CLASS OF 2021 Douglas F. Jenkins, Jr. Virginia Commonwealth Bank Richmond CLASS OF 2022 Dabney T.P. Gilliam, Jr. The Bank of Charlotte County Phenix Tara Y. Harrison Virginia National Bank Charlottesville Bryan P. Thompson Highlands Community Bank Covington Joseph R. Witt The Old Point National Bank Hampton VACB STAFF Katharine C. Garner, CMP Vice President Education and Communications Kelli C. Mallinger Director Member Services 12 6 Chairman’s Message 7 President’s Message 8 2020 VACB/Williams Mullen — 20th Annual Bankers’ Cup Tournament 10 Kickoff! A Football Fan’s Guide To Portfolio Management 12 Identity Fraud Risk 14 Data Analytics: Buy Versus Build 18 COVID-19: The Time to Discuss Your Strategic Direction 20 Simplifying Business Impact Analysis 10