Independent Banker - March 2023 - 38

PORTFOLIO
NOW ON DEMAND
Digital Lending
Why Community
Banks Need to
Care
Shane Martin
Vice President,
Sales
Wolters Kluwer
Kristen Girard
Director,
Technology Product
Management
Wolters Kluwer
Mike Conway
Solutions Specialist
Wolters Kluwer
Have an online loan application
or maybe an e-sig. process?
Learn how taking a few
additional steps could make
you even more competitive.
Today's lesson is that the debris of last year
has created a simple-to-apply strategy
of buying an historically wide range of
coupons [to] hedge your interest rate bets.
expect these low coupons to continue
to prepay very slowly, producing
minimal monthly cash flow in the
near term.
If buyers are so inclined, they could
layer in some 15-year MBS with, say,
4.5% coupons, which, at present,
are at a slight premium. Because the
borrowers' rates will at some point
be " in the money " to refinance, these
pools will have shorter average lives
than the discount pools and, quite
possibly, higher yields. However, most
relevant is that the portfolio will now
be insulated against both rising and
falling rates, and average risk/reward
metrics of the multiple pools would
probably beat any one security
currently available. Today's lesson
is that the debris of last year has
created a simple-to-apply strategy of
buying an historically wide range of
coupons and, in effect, hedge your
interest rate bets. Doing so can turn
the collateral damage of 2022 into
your collateral advantage of 2023.
Jim Reber, CPA, CFA (jreber@
icbasecurities.com), is president
and CEO of ICBA Securities, ICBA's
institutional, fixed-income brokerdealer
for community banks
Education on Tap
2023 webinar series continues
ICBA Securities and its exclusive broker Stifel present the next
installment of the 2023 Community Banking Matters webinar series on
March 23 at 12 p.m. Central. The topic is " Solutions for a Challenging
Environment. " To register, visit icbasecurities.com
REGISTER TODAY!
To register and view our full
library of free on-demand
webinars, visit the Independent
Banker Webinar Center at
Independentbanker.org
Bond Academy registration open
There are still some slots available for the ICBA Bond Academy on
April 17-18, 2023, in Memphis, Tenn. Up to 11 hours of CPE credit are
available. The event is hosted by ICBA Securities and its exclusive
broker Stifel. For more information or to register, contact your Stifel
sales rep or visit icbasecurities.com
1923 Wlt 13idd 1
2/10/23 906 AM

http://www.icbasecurities.com http://www.icbasecurities.com http://www.Independentbanker.org

Independent Banker - March 2023

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

Table of Contents
Independent Banker - March 2023 - Intro
Independent Banker - March 2023 - Cover1
Independent Banker - March 2023 - Cover2
Independent Banker - March 2023 - Table of Contents
Independent Banker - March 2023 - 2
Independent Banker - March 2023 - 3
Independent Banker - March 2023 - 4
Independent Banker - March 2023 - 5
Independent Banker - March 2023 - 6
Independent Banker - March 2023 - 7
Independent Banker - March 2023 - 8
Independent Banker - March 2023 - 9
Independent Banker - March 2023 - 10
Independent Banker - March 2023 - 11
Independent Banker - March 2023 - 12
Independent Banker - March 2023 - 13
Independent Banker - March 2023 - 14
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Independent Banker - March 2023 - 18
Independent Banker - March 2023 - 19
Independent Banker - March 2023 - 20
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Independent Banker - March 2023 - 25
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Independent Banker - March 2023 - 27
Independent Banker - March 2023 - 28
Independent Banker - March 2023 - 29
Independent Banker - March 2023 - 30
Independent Banker - March 2023 - 31
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Independent Banker - March 2023 - 33
Independent Banker - March 2023 - 34
Independent Banker - March 2023 - 35
Independent Banker - March 2023 - 36
Independent Banker - March 2023 - 37
Independent Banker - March 2023 - 38
Independent Banker - March 2023 - 39
Independent Banker - March 2023 - 40
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Independent Banker - March 2023 - 42
Independent Banker - March 2023 - 43
Independent Banker - March 2023 - 44
Independent Banker - March 2023 - 45
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Independent Banker - March 2023 - 47
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Independent Banker - March 2023 - 49
Independent Banker - March 2023 - 50
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Independent Banker - March 2023 - 64
Independent Banker - March 2023 - 65
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Independent Banker - March 2023 - 67
Independent Banker - March 2023 - 68
Independent Banker - March 2023 - 69
Independent Banker - March 2023 - 70
Independent Banker - March 2023 - 71
Independent Banker - March 2023 - 72
Independent Banker - March 2023 - 73
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Independent Banker - March 2023 - 80
Independent Banker - March 2023 - Cover3
Independent Banker - March 2023 - Cover4
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https://www.nxtbook.com/mspc/independentbanker/december2023
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https://www.nxtbook.com/mspc/independentbanker/february2023
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https://www.nxtbook.com/mspc/independentbanker/december2022
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https://www.nxtbook.com/mspc/independentbanker/august2022
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https://www.nxtbook.com/mspc/independentbanker/april2022
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https://www.nxtbook.com/mspc/independentbanker/february2022
https://www.nxtbook.com/mspc/independentbanker/january2022
https://www.nxtbook.com/mspc/independentbanker/december2021
https://www.nxtbook.com/mspc/independentbanker/november2021
https://www.nxtbook.com/mspc/independentbanker/october2021
https://www.nxtbook.com/mspc/independentbanker/september2021
https://www.nxtbook.com/mspc/independentbanker/august2021
https://www.nxtbook.com/mspc/independentbanker/july2021
https://www.nxtbook.com/mspc/independentbanker/june2021
https://www.nxtbook.com/mspc/independentbanker/may2021
https://www.nxtbook.com/mspc/independentbanker/april2021
https://www.nxtbook.com/mspc/independentbanker/march2021
https://www.nxtbook.com/mspc/independentbanker/february2021
https://www.nxtbook.com/mspc/independentbanker/january2021
https://www.nxtbook.com/mspc/independentbanker/december2020
https://www.nxtbook.com/mspc/independentbanker/november2020
https://www.nxtbook.com/mspc/independentbanker/october2020
https://www.nxtbook.com/mspc/independentbanker/september2020
https://www.nxtbook.com/mspc/independentbanker/august2020
https://www.nxtbook.com/mspc/independentbanker/july2020
https://www.nxtbook.com/mspc/independentbanker/june2020
https://www.nxtbook.com/mspc/independentbanker/may2020
https://www.nxtbook.com/mspc/independentbanker/april2020
https://www.nxtbook.com/mspc/independentbanker/march2020
https://www.nxtbook.com/mspc/independentbanker/february2020
https://www.nxtbook.com/mspc/independentbanker/january2020
https://www.nxtbook.com/mspc/independentbanker/december2019
https://www.nxtbook.com/mspc/independentbanker/november2019
https://www.nxtbook.com/mspc/independentbanker/october2019
https://www.nxtbook.com/mspc/independentbanker/september2019
https://www.nxtbook.com/mspc/independentbanker/august2019
https://www.nxtbook.com/mspc/independentbanker/july2019
https://www.nxtbook.com/mspc/independentbanker/june2019
https://www.nxtbook.com/mspc/independentbanker/may2019
https://www.nxtbook.com/mspc/independentbanker/april2019
https://www.nxtbook.com/mspc/independentbanker/march2019
https://www.nxtbook.com/mspc/independentbanker/february2019
https://www.nxtbook.com/mspc/independentbanker/january2019
https://www.nxtbook.com/mspc/independentbanker/december2018
https://www.nxtbook.com/mspc/independentbanker/november2018
https://www.nxtbook.com/mspc/independentbanker/october2018
https://www.nxtbook.com/mspc/independentbanker/september2018
https://www.nxtbook.com/mspc/independentbanker/august2018
https://www.nxtbook.com/mspc/independentbanker/july2018
https://www.nxtbook.com/mspc/independentbanker/june2018
https://www.nxtbook.com/mspc/independentbanker/may2018
https://www.nxtbook.com/mspc/independentbanker/april2018
https://www.nxtbook.com/mspc/independentbanker/march2018
https://www.nxtbook.com/mspc/independentbanker/february2018
https://www.nxtbook.com/mspc/independentbanker/january2018
https://www.nxtbook.com/mspc/independentbanker/december2017
https://www.nxtbook.com/mspc/independentbanker/november2017
https://www.nxtbook.com/mspc/independentbanker/october2017
https://www.nxtbook.com/mspc/independentbanker/september2017
https://www.nxtbook.com/mspc/independentbanker/august2017
https://www.nxtbook.com/mspc/independentbanker/july2017
https://www.nxtbook.com/mspc/independentbanker/june2017
https://www.nxtbook.com/mspc/independentbanker/may2017
https://www.nxtbook.com/mspc/independentbanker/april2017
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