Effective Cost of Funds Comparison (2020-04-06)
We know the FDIC gathers and reports peer group information every quarter. How do your numbers stack up against competitors in your local market and across the United States? W202008170A
$249 for Webinar and Playback*
*Playback has no expiration.
Monday, April 6, 2020
12:00 – 1:00 pm (Eastern Time)
11:00 – 12:00 pm (Central Time)
10:00 – 11:00 am (Mountain Time)
9:00 – 10:00 am (Pacific Time)
How do we gauge success in attracting and retaining properly priced long-term deposits? To be high performance does cost need to be below the trimmed average, the median, the 20th percentile, or something else? The data seems clear when you look at the FDIC call report summaries about time deposit funding. The year-to-date (YTD) median cost of time deposits as of September 2019 was reported to be 1.79% for all banks in the nation and the trimmed average was 1.75%. What else do we need to know?
We know the FDIC gathers and reports peer group information every quarter. How do your numbers stack up against competitors in your local market and across the United States? In this session you will learn about the key aspects to effectively interpreting seemingly simple statistics so that you really understand if you are comparing apples to apples or not. If you are a finance veteran or a novice, we welcome you to join us to gain clarity and confidence in your comparative assessments.
1.0 CPE Credits & 1.2 AAP Credits