Independent Banker - January 2024 - 36

Our CEO
roundtable
participants:
Shane Pilarski
President and CEO
of $400 millionasset
Alliance Bank in
Francesville, Ind.
What will your community bank's most
significant challenges and opportunities
be in 2024?
SHANE PILARSKI: A common one you'll hear
from many banks, especially community banks, is
managing the net interest margin. At Alliance Bank,
we experienced a lot of loan growth in 2023, and
with the Fed raising rates, that helped us from an
interest income perspective. We've also been very
disciplined on the cost side, but that can only hold
for so long. We anticipate that our fund costs will
increase in 2024, so finding the best way to manage
that will be one of our biggest challenges.
Thomas Bates, Jr.
President and CEO at
$825 million-asset
Legends Bank in
Clarksville, Tenn.
Alice P. Frazier
President and CEO of
$809 million-asset
Bank of Charles Town in
Leesburg, Va.
J. MICHAEL RADCLIFFE: Like every community bank
in the nation, we've experienced a massive increase
in funding costs over the last 18 months, which
will continue to be a challenge in 2024. We tend to
adopt the 'Goldilocks approach' to our net interest
margin when pricing for deposits: We don't want
to be at the top of
the market to erode
our net interest
margin, and we
don't want to be at
the bottom, because
we'll lose deposits.
So, we're striving
to hit the right
spot. Our second
most significant
challenge will be
liquidity. We're a
stable linchpin in
the community,
and one of our
most significant
opportunities will
be to continue
differentiating
ourselves from the
megabanks.
ALICE P. FRAZIER:
Internally, we
always say that our
biggest challenges
J. Michael Radcliffe
Chairman and CEO of
$1.4 billion-asset
Community Financial
Services Bank in Benton, Ky.
are often our most significant opportunities. Our
management team has discussed the higher interest
rate environment and how to reposition our balance
sheet while anticipating potential areas of increased
risk. We are also focusing on the rising interest cost
on deposits and managing that going forward. We've
taken a hard look at our investment portfolio and
" We tend to adopt the
'Goldilocks approach' to
our net interest margin. ...
We don't want to be at the
top of the market to erode
our net interest margin, and
we don't want to be at the
bottom because we'll lose
deposits. So, we're striving
to hit the right spot. "
-J. MICHAEL RADCLIFFE,
COMMUNITY FINANCIAL SERVICES BANK

Independent Banker - January 2024

Table of Contents for the Digital Edition of Independent Banker - January 2024

Contents
Independent Banker - January 2024 - Cover1
Independent Banker - January 2024 - Cover2
Independent Banker - January 2024 - Contents
Independent Banker - January 2024 - 2
Independent Banker - January 2024 - 3
Independent Banker - January 2024 - 4
Independent Banker - January 2024 - 5
Independent Banker - January 2024 - 6
Independent Banker - January 2024 - 7
Independent Banker - January 2024 - 8
Independent Banker - January 2024 - 9
Independent Banker - January 2024 - 10
Independent Banker - January 2024 - 11
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Independent Banker - January 2024 - 16
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Independent Banker - January 2024 - 20
Independent Banker - January 2024 - 21
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Independent Banker - January 2024 - 30
Independent Banker - January 2024 - 31
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Independent Banker - January 2024 - 33
Independent Banker - January 2024 - 34
Independent Banker - January 2024 - 35
Independent Banker - January 2024 - 36
Independent Banker - January 2024 - 37
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Independent Banker - January 2024 - Cover3
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