Banker's Toolbox Announces — ACQUISITION OF LOAN LOSS RESERVE POWERHOUSE, MAINSTREET TECHNOLOGIES
Banker's Toolbox, Inc., leaders in compliance solutions for financial institutions, announced the acquisition of Georgia-based MainStreet Technologies (MST). MST is an industry leader in the loan risk management space. This acquisition adds to a strong and growing portfolio of compliance-related solutions and will continue to enhance the value Banker's Toolbox brings to both their customers and the industry. (Read full press release here.)
Supervisory Insights focus on credit MIS
The FDIC has issued the Winter 2017 issue of Supervisory Insights, which includes articles on credit Management Information Systems (MIS) and recent results from the FDIC's Credit and Consumer Products/Services Survey. The survey results show that about one in ten banks may be considered to be at "high" credit risk, down from about 42 percent in 2010, when banks were in the middle of a backlog of classified loans. However, almost 70 percent of banks had either a credit or funding concentration.
The article on credit MIS emphasized the need for incorporating forward-looking risk indicators, rather than relying on delinquencies and charge-offs, which tend to be lagging indicators.