Community Bankers Optimistic: New Index

Sep 12, 2019
Community bankers are optimistic about the future due to a favorable outlook for business conditions, monetary policy, and regulatory burden, according to the Conference of State Bank Supervisors.

The regulators' inaugural Community Bank Sentiment Index stands at 122, with 100 being neutral. According to the second-quarter index, 80 percent of surveyed banks said they believe profits will be the same or better in the future.

The index comes as the FDIC recently reported an 8.1 percent annual increase in community bank net income amid community bank successes on real-time payments, deposit-insurance assessment credits, cybersecurity assessments, and Fed Governor Michelle Bowman's confirmation for a 14-year term.