Note: Since this article was written, Janet Yellen was confirmed (84-15) and was sworn in as the first Female Treasury Secretary in U.S. history on Tuesday morning. The original story follows: Janet Yellen has not been confirmed yet, but we…
Category: Jumbo Rate News
PPP Relaunch Open to Select Institutions
We know many small businesses were left behind in the first round of Paycheck Protection Program (PPP) loans. That’s why when the Treasury Department reopened the portal on Monday, it granted access exclusively to Community Financial Institutions (CFIs). CFIs, which…
Loans: a Bank’s Best Asset, Until They’re Not
Although business models vary, the optimal loan to deposit ratio (LTD) at a bank is generally considered to be between 80% to 90%. At this level, the bank is lending sufficiently for its size, but not so much that its…
We Made it Through 2020, What’s Next?
As we say good-bye (and good riddance) to 2020 and look forward with hope for a brighter and healthier 2021, we remember 2020 as a year of loss. We’ve lost a great number of lives, jobs, and freedoms in the…
Unsung Heroes of 2020
As we gladly say goodbye to 2020 and head into the unknown of 2021, BAUERFINANCIAL, Inc., the nation’s premier Bank and Credit Union rating firm, would like to recognize the hard work of the employees of our nation’s financial institutions.…
New Credit Union Data is Out and…
Third quarter Credit Union data has now been updated on our website. Here are some of the highlights. While the number of Federally-insured credit unions dropped 2.8% since last September (to 5,133), industry assets were up over 16% to almost…
All New Bank Ratings and Data
September 30th bank data and ratings are out and while net income for the industry as a whole ($51.2 billion) was up 173% from second quarter, it was still down 10.7% from last September. It is really a tale of…
Whole Turkey Price Down 7% from 2019
We don’t know how many Americans will be having a traditional Thanksgiving Dinner this year. Some estimates suggest over 50% will continue with normal traditions, while the rest will be scaling it back or cutting down considerably. As for us,…
New Bank Charters May Lead to Confusion
If starting a new bank during a pandemic seems like a daunting task, it’s because it is. Just ask the organizers of would-be Coastal Community Bank, N.A. (in organization), Hollywood, FL. The bank was on course to open with an…
Maybe We Needed a Little Boring
If that’s the case, the Federal Reserve did not disappoint. The Fed Funds rate remains near zero-where it’s been since March. And there is virtually no chance of that changing anytime soon. That means we are stuck with CD rates…