I'm reading a really excellent book about community banking and an *arresting* line from it was, approximately: "A typical community bank has $150M in assets and a 4% net interest margin for about $6M in revenue covering 40 FTEs. Community banking is thus a small business."
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"We are actually here because OUR MISSION IS TO PROTECT DEPOSITORS and you have a business plan for investors and directors BUT WE CARE ABOUT DEPOSITORS and when you are writing your operations manual about TAKING DEPOSITS and COLLECTING DEPOSITS and STORING DEPOSITS remember it"
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"Because IF YOU #(%)%() WITH THE DEPOSITS WE CAN AND WILL END YOU. This is your first and only warning." (Slightly paraphrased.)
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End of conversation
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Patrick, as a former FDIC regulator, I can assure you we do NOT walk into a bank to "put the fear of god into new bankers" We examine lending practices, parameters, and metrics, making sure depositor's (your money) capital isn't lent in crazy risky ventures.
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