Independent Banker - January 2023 - 38

 CEO Roundtable 2023
Q: What will be your community
bank's greatest business
challenge in 2023, and how are
you preparing for it?
Koger Propst: The biggest
challenges are managing the impact
of the economy and the rising rate
environment on deposits, credit
quality and net interest margin. Our
bank is built on a low to moderate
risk profi le. We aggressively seek out
low-cost deposits through a value
proposition built on more than rates
and have also built our loan portfolio
with the same low to moderate
risk profi le. Building a defensive
balance sheet and maintaining
our low to moderate risk profi le
is the key to managing through
the upcoming challenges. Clearly,
thoughtful actions will be required
in the coming year, but our proactive
positioning is the foundation.
William West: In a macro sense,
we're just trying to read the tea
leaves in terms of what's happening
in the economic landscape that will
aff ect our bank. Is loan demand
going to be tepid? Are we going to
have a recession? Those are the
things that we're trying to fi gure
out how to read as we put our 2023
budget together. We're cautiously
optimistic about 2023. We think it's
going to be a fairly good year for
banks, but it's a challenge for us to
get it right.
Jill Sung: We don't know when the
Fed is going to stop raising rates,
or whether we're going to have a
recession. We're constantly adapting,
trying to strategically fi gure out what
to do, but information keeps shifting.
So we're being conservative. We're
assuming that the interest rate will
be elevated in the next six to nine
months and not assuming that in
fi ve months the Fed will drop the
Koger
Propst
Jill
Sung
" We're cautiously
optimistic about
2023. We think
it's going to be a
fairly good year
for banks, but it's
a challenge for us
to get it right. "
-WILLIAM WEST,
TAMPA BAY BANKING COMPANY
rate. We're assuming that there will
be a drawback of economic activity.
So we're careful when we lend out
commercial real estate loans. We're
looking at the [property] income, and
we're not assuming that rent can be
raised freely these next 12 months.
James Sills: Talent and retention of
talent is our number one strategic
priority in 2023. We have really
struggled over the last 18 months
to hire certain types of banking
professionals. All our locations are in
urban areas of North Carolina, and
we're going up against the biggest
institutions to attract talent. We're
38 // ICBA Independent Banker // January 2023

Independent Banker - January 2023

Table of Contents for the Digital Edition of Independent Banker - January 2023

Table of Contents
Independent Banker - January 2023 - Cover1
Independent Banker - January 2023 - Cover2
Independent Banker - January 2023 - Table of Contents
Independent Banker - January 2023 - 2
Independent Banker - January 2023 - 3
Independent Banker - January 2023 - 4
Independent Banker - January 2023 - 5
Independent Banker - January 2023 - 6
Independent Banker - January 2023 - 7
Independent Banker - January 2023 - 8
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Independent Banker - January 2023 - Cover3
Independent Banker - January 2023 - Cover4
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