Skip Navigation Links
2017 Press Releases
Florida and Arkansas Begin Using Uniform Mortgage Test; 54 State Agencies Now Using the Test
State Regulators Oppose OCC Special Charter For Non-Banks
State Financial Regulators Release BSA/AML Compliance Tool for Industry
CSBS Board Appoints Wyoming’s Albert Forkner as Chairman-Elect
State Regulators Promote “Fintech Friendly” Features of National Registry
College Students Participate in Nationwide Community Bank Competition
Statement on the Illinois Fintech Regulatory Roundtables
CSBS Urges Congress to Weigh in Against OCC Non-Bank Charter
State Regulators Highlight EGRPRA Priorities for Financial Regulatory Relief
Gonzales, Hughes and Jones Re-Appointed to FFIEC State Liaison Committee
State Regulators Announce Changes to Money Services Businesses Reporting
State Regulators Issue Cease-and-Desist Orders to Subsidiaries of Ocwen Financial Corp.
CSBS Files Complaint Against Comptroller of the Currency
Gonzales Elected as State Liaison Committee Chairman
Stork Appointed to FFIEC State Liaison Committee
CSBS Announces Vision 2020 for Fintech and Non-Bank Regulation
CSBS Statement on New York Department of Financial Services Lawsuit Against OCC
CSBS Announces Five Finalist Teams in the 2017 Bank Case Study Competition
CSBS Announces New Leadership
The University of Akron Wins First Place in CSBS Community Bank Competition
Fed Chair Yellen Will Open 2017 Fed/CSBS Community Banking Research Conference;
FFIEC Proposes Additional Revisions to Streamline “Call Report” for Small Institutions
State Regulators Call for an End to One-Size-Fits-All Bank Regulation
State Regulators and U.S. Secret Service Issue Industry Best Practices for Combating Cyber Crime
Louisiana Regulator to Guide Nationwide Licensing and Supervision System for Fintechs and Other Non-Banks
State Regulators Issue Annual Reports on Non-Bank Supervision
CSBS Launches Fintech Advisory Panel to Help Modernize State Regulation
CSBS to OCC: Fintech Charter Lacks Legal Authority
CSBS Names Kyle Thomas Vice President, Accreditation and Supervisory Processes
State Regulators File Suit Over Unauthorized Use of Licensing Test Information
Statement on Financial Innovation Symposium hosted by Western States Financial Regulators
2018 CSBS Case Study Competition to Focus on Financial Innovation
Federal and State Banking Agencies Issue Statement on Supervisory Practices Regarding Financial Institutions and Borrowers Affected by Hurricane Irma
State Regulators Launch Redesign for Next Generation Technology Platform; Core Component of CSBS Vision 2020
South Carolina Begins Using Uniform Mortgage Test; 57 State Agencies Now Using the Test
CSBS Develops Tool to Help Financial Institutions Prepare for New Accounting Standards
CSBS Releases Annual Report
Statement by CSBS President and CEO John W. Ryan on The State Regulatory Representation Clarification Act
Federal Reserve and CSBS Release Findings from 2017 National Survey of Community Banks
CSBS Announces Fintech Advisory Panel Members
Print-Friendly   |   Email-A-Friend 

 10/5/2017 

 Federal Reserve and CSBS Release Findings from 2017 National Survey of Community Banks    

ST. LOUIS ― The Federal Reserve System and the Conference of State Bank Supervisors (CSBS) today released findings from a national survey of community bankers presented at the fifth annual Community Banking in the 21st Century Research and Policy Conference held at the Federal Reserve Bank of St. Louis.

The survey report, which can be found on the conference website at www.communitybanking.org, provides a comprehensive view of what community bankers are thinking about the key issues facing their industry. It is augmented by excerpts of interviews conducted by state banking commissioners with community bankers.

Survey responses were obtained from 611 community banks in 37 states during the time period from April-July 2017. The questions covered lines of business, regulatory compliance, competition and consolidation. They focused specifically on small business lending.

“I am encouraged by the results in this year’s survey of community bankers, which suggest that the sector, after many years of tumult, might be achieving stability,” said 2017 CSBS Chairman Albert L. Forkner in his foreword to the report. “Commercial real estate lending propelled portfolio growth last year. Community banks remained a strong source of business lending. They had an active year in mortgages and home equity. Moreover, community banks saw greater opportunities for business growth.”

Forkner, who also serves as the state banking commissioner for the Wyoming Division of Banking, noted that challenges do remain:  “Economists at the Federal Reserve Bank of St. Louis calculate that, in 2016, compliance costs for community banks once again increased over the prior year, from $5 billion to $5.4 billion. Also, the survey suggests that recent federal mortgage regulations might be depressing credit availability.”

The banker interviews, referenced as “Five Questions for Five Bankers,” were conducted in 30 states. Each commissioner asked five community bankers detailed questions with respect to five key areas: economic trends, regulation, small business lending, management succession and technological innovation.

Interviewed bankers said that they struggle to compete with credit unions, which benefit from tax exemptions and other regulatory subsidies that they say create an uneven playing field. Although some of them also are wary of online lenders, others said that “fintech has extraordinary potential” for the banking industry. One noted that bankers “don’t have to be on the leading edge but need to be aware that things are changing.”

#  #  #
©2017 CSBS   Terms of Use \ Privacy Policy \ Site Map
1129 20th Street, N.W., 9th Floor  \  Washington, DC  \  20036  \  Tel. 202.296.2840  \  Fax. 202.296.1928