K·Coe Insights: Posts from category

Community Banks

How Adoption of Lease Standard Deadline Will Affect Loan Customers

By Kati Barnhill | November 15, 2021
Reading Time: < 1 minute By now, you’ve probably heard of the new lease standard about to become effective (beginning after December 15, 2021). However, have you thought about the impact it will have on your loan customers? How Financial Ratios will be Impacted The new lease standard effectively puts all leases (operating and/or financing) …

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5 Ways Banks Can Fight Cybercriminals

By KCoe Editorial | October 6, 2021
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Reading Time: 2 minutes October is cybersecurity month – which is akin to the ‘time change’ reminder to check your smoke detector batteries – only this reminds us that it’s time for businesses (and home offices) to assess their systems, data, public information, and procedures and ensure protection from the brutal national cybercrime statistics.  …

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How Banks are Upping their Game with Technology

By Heather Campbell | August 27, 2021
Reading Time: 3 minutes Wherever you were on your technology journey at the start of 2020, COVID-19 has likely caused dramatic changes in your business. Many organizations were pleased by the ROI they’ve experienced from COVID’s “forced” technology business transformation, and now they have an appetite for more.    Are you using technology to …

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Top 3 Cyberattack Tactics on Financial Institutions

By Melissa DeDonder | August 26, 2021
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Reading Time: 2 minutes It’s important for financial institutions to prevent, protect, deter, and educate on cyberattacks.  First, you must know and address your vulnerabilities:  Check and doublecheck for openings.  Implement security and manage system updates.  Educate employees on what to look for and how to react.  There are three commonly reported areas for …

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Is a ‘Reg B Appraisal Notice’ Required when Applications are Denied or Withdrawn?

By Sandy Sporleder | July 19, 2021
Reading Time: 2 minutes Regarding the Regulation B Appraisal Notice, we frequently get the question of whether it’s necessary if the application is denied or withdrawn.  Reg B {§ 1002.14} is not very clear on this issue; and you may think the answer is crazy.  I think we all know that sometimes regulations just …

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Did you Know?: Your Bank’s Cyber Vulnerabilities may be Public Knowledge

By Sandy Sporleder | July 19, 2021
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Reading Time: 2 minutes Did you know there might be information about your bank’s cyber vulnerability on the internet? Or that it’s common for a hacker to have access to a system months before an exploit? Or that ‘one password’ compromised is what brought down the entire Colonial pipeline recently? K·Coe’s cybersecurity consultants explain …

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