Reconn Radio: Podcast #30 – 10/23/14

ReconnRadio

The Neopolitan Ice Cream Issue: Sing it with me…love, love, love!

Why can’t we talk about love? Unconditional, unfettered, and yes, unadulterated love for your customer, your investors, your vendors, and even your regulator. I know it sounds crazy, well, because it is. However, with a little service, a high level of engagement, and enduring fairness, we think this plate of ice cream will bring some love into your life.

Oh, there’s the economy and the weather, too, just for fun.

 

 

To listen to more of our podcasts, please click here.

Reconn Radio – Podcast #9 (Week of 02/03/2014)

ReconnRadio

 

Reconn Radio brings you its second guest in as many weeks. Also, we’re announcing our joint venture with strategic partner Structure First. Please check out the headquarters planning and facility development collaborative at myhq1.com.

Go!

 

 

 

 

Reconn Radio – Podcast #7 (Week of 01/20/2014)

Reconn Radio is here. We are three weeks into 2014. Can you believe it? This week on the program:

  • Macroeconomics – domestic and global
  • Financial institutions – are you managing the plan?
  • Non-profits – global prosperity and giving
  • Our pop culture take of the week - Doctor Who

We hope you enjoy it.

Reconn Radio – Podcast #1 (Week of 12/09/2013)

Today, Reconn Consulting launches its weekly radio program. We hope you enjoy it. Also, we’d love your feedback on it. We can’t improve without it.

Today’s topics:

  1. Intro to Reconn
  2. State of our Blog
  3. Look at 2014
  4. Appreciation

Reconn Radio – Podcast #1

Where are they now? US Financial Institutions (less than $5B) as of June 30, 2013

I find the nostalgia pieces about burned out movie stars and TV teens, well, interesting. Though the industry many of us work in is not quite as, well, interesting, it does tend to have its own nostalgia. Where is everybody? What do they look like today? Will they be here tomorrow?

On our journey to analyze individualized, institutional concentration risk, which is based on our earlier post on the same topic, we thought we’d take a slight detour and see exactly where they are today: Commercial banks, savings banks, and credit unions. With an interest in community financial institutions, we thought we would limit it to institutions of $5B or less in total assets.

Pictures have a way of turning your attention. The pictures below did the same for us. The numbers caught our eye, too. With 13,585 total institutions reporting, we find the following breakdown:

  1. 5,880 commercial banks with $1.93T in total assets, or $328.1M per institution.
  2. 924 savings banks with $412.0B in total assets, or $445.9M per institution
  3. 6,781 credit unions with $889.6B in total assets, or $131.2M per institution

Total assets were approximately $3.23T, or $237.8M per institution.  Makes you giddy, doesn’t it?

As you look at the maps below, please consider the nature of our country. We are a fiercely independent and free-spirited nation. However, we can’t help to look at the map, while considering some of the numbers, and wonder what will this mean for financial institutions below a certain dollar threshold or with business models that need an infusion. Can this stubborn independence last? Is it the best thing for the end user? It’s not if technology will have an impact, but how, when, and to what level. The vector of change has not yet shown itself as we believe it will in the future. We are just getting started.

Be prepared. Be thoughtful as a leader and as a follower. Galvanize your team around sound business decisions. Survival as is certainly is the preferable outcome. In many cases, union and partnership maybe the best option for the customer or the member/owner. If the latter is your chosen path, be it as the acquired or acquirer, be firm but know that none are your enemy. It’s what has to happen.

Also, please know that these maps will change.  That notion will survive all of us.

All data provided by SNL Financial. Data visualization built on Tableau.

All data provided by SNL Financial. Data visualization built on Tableau.

 

All data provided by SNL Financial. Data visualization built on Tableau.

All data provided by SNL Financial. Data visualization built on Tableau.

 

All data provided by SNL Financial. Data visualization built on Tableau.

All data provided by SNL Financial. Data visualization built on Tableau.

 

All data provided by SNL Financial. Data visualization built on Tableau.

All data provided by SNL Financial. Data visualization built on Tableau.