ABA Banking Journal Community Bank Competetiveness Survey 2006 - (Page 5)

CompeteSurvey 02_06 copy 1/26/06 3:42 PM Page S5 Regulatory barometer What's hurting and why Exhibit 2 Which regulatory areas are giving you the most grief? B ack in the 1980s and 1990s, you Respondents chose three had to have a pretty thick skin Bank Secrecy Act 87.2% to be a community bank regu- Privacy/Data Security 56.1% lator. The messages and warnings Ranked #1 for 31.8% Sarbanes-Oxley Act that often had to be delivered didn't publicly traded banks make field examiners popular. 26.4% Home Mortgage Disclosure Act But today, while regulatory 23% Consumer lending compliance burden is a red cape to many 17.4% Flood insurance bankers, there is evidence that they 11.7% Community Reinvestment Act have come to separate their dislike 10.9% Fair-lending rules of the burdensome rules that they 3.1% Overdraft program compliance work under from the individuals who represent the federal and state Exhibit 4 banking agencies. Exhibit 4 shows Compared to a year ago, how are that even though bankers chafe un- relations with your regulators? Exhibit 3 der rules, the regulator/ regulated Worse How many hours a week do you Better relationship hasn't suffered. 6.6% spend on regulation? 16.8% Indeed, bankers on the survey committee who have been through Less than 3 hours recent examinations back up the 10 hours 19.5% About the same national finding with supporting or more 76.6% anecdotes. 3 to 5 28.4% hours We finished an FDIC compliance 41.2% examination last month, and our No significant differences in 11% experience was very satisfactory, attitude were seen between national 6-9 hours says Ed Gutzmann, vice-chairman, banks and state banks. Mainstreet Exhibit 5 On average, here's how Bank, much time CEOs devote If your bank is publicly traded, South Saint to regulation each week: have you considered going private? Paul, Minn. Hours U.S average U.S 7.4 Examiners Yes Under Under $100 million 8.3 Bank Ownership Yes were very 20.5% $101-$200 million 8 Family-owned 36.6% thorough $201 million-up 5.9 Locally-owned 43.7 and very Publicly traded 17.7 Farm banks 9.3 pleasant, Employee-owned 0.6 No Business banks 7.5 Mutual 1.3 General community banks 7 unlike the 79.5% Consumer banks 5.7 Family ownership is strongest in the many hor- Midwest 66.7% and the Southwest ror stories I National charter 7.7 47.4% . Northeastern 45.5% State charter 7.3 have read and Southwestern 33.3% banks were much more likely to be publicly and traded. heard. Of course, Exhibit 6 banking regulations aren't the only Is your board up to modern demands? forms of red tape: The Sarbanes- Oxley Act has changed life for Of those responding no , many publicly traded banking com- 68.4% are taking no action, while 31.6% are attempting No panies directly, and changed the at- to recruit better directors. 14.9% mosphere for all. The task is not easy... Iowa banker Joe Vich notes that two thirds of those looking his $320 million holding company said they are not readily finding suitable candidates. has 440 shareholders, so it is near- ing the current SEC threshold. Until SOX came along, says The larger the bank, the Vich, we were interested in even- Yes more likely management felt that directors make 85.1% tually becoming publicly traded. the grade. But now that SOX is better under- stood, we are determined to avoid going public if at all possible. Competitiveness Survey 2006 ABA BANKING JOURNAL/MARCH 2006 S5 http://www.localbankers.com http://www.ababj.com/goingprivate.pdf http://www.bdbonline.biz/dbs.html

Table of Contents for the Digital Edition of ABA Banking Journal Community Bank Competetiveness Survey 2006

Contents
Executive Forecast
Regulatory Barometer
Branching Trends
Branching Strategy
Branch Design & Construction
Deposits & Funding
Your Bank's People
Today's Technology
Acknowledgments

ABA Banking Journal Community Bank Competetiveness Survey 2006

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