Tennessee Bankers

This Week Newsletter

November 13, 2017 - Issue No. 1745

Add Your Signature to TBA Credit Union Letter

Tax reform legislative is coming quickly as both the House and Senate look at ways to reduce the corporate tax rate and offset the cost. TBA has long stated that if we are going to level the playing field with credit unions, it will need to be done through comprehensive tax reform.

The U.S. Senate is currently considering taxing credit unions over $1 billion in assets in order to generate $27 billion in revenue for the tax reform legislation offset. On Thursday, the TBA sent an email to members of the TBA Board, Independent Board, Government Relations and BankPAC committees asking them to be added to the TBA letter that is being sent to our Congressional delegation.

If you would like your bank to be added, we need an electronic signature from your bank’s CEO or president by 12 p.m. CT/1 p.m. ET on Monday, Nov. 13. Please email the signatures to Penny Powlas at ppowlas@TNBankers.org.

Appraisal Qualifications Board Issues New Proposal to Combat Appraiser Shortage

As lenders continue to raise concerns about a lack of certified appraisers, particularly in rural areas, the Appraisal Qualifications Board recently released a fourth exposure draft of a proposal to change the qualification criteria for real property appraisers.

Importantly, the AQB proposed to remove college degree requirements for licensed residential appraisers and provide alternatives to the bachelor’s degree requirement for certified residential appraisals. The proposal also outlines an alternative track for licensed residential appraisers to become certified without obtaining a bachelor’s degree. In addition, it would reduce the number of field hours needed from 2,000 to 1,000 for licensed appraisers and 2,500 to 1,500 for certified appraisers. View the proposal.

First Senior Human Resources Director Forum Scheduled for Nov. 30

In this program, those who are responsible for human resource-related issues in their institutions have the opportunity to discuss their concerns and explore collaborative solutions to problems they face on a day-to-day basis. The forum group will meet three times annually, and the agenda for each session will flow based on feedback from participants in the forum group. As necessary, subject matter experts will be invited to speak about specific issues and topics.

The first of this three part session is Nov. 30 at Nashville's TBA Barrett Training Center.

Click here for more information

Learn the Most Current Information Regarding Call Reports

When it comes to the Call Report, change is constant. Recently the federal banking agencies are inviting public comments on additional technical revisions to the Call Report, which will take effect June 30, 2018. The revisions, which are part of the agencies’ ongoing effort to reduce Call Report burden on banks, will remove or consolidate several data items and add or raise certain existing reporting thresholds in three versions of the Call Report.

With updates coming nearly every quarter, you need to be on top of your game. This seminar, produced in partnership with TBA and Crowe Horwath LLP, will familiarize participants with the details of recent changes. In addition, this seminar will serve as a refresher course for the Call Report preparation and address related accounting principles and regulatory issues that affect the preparation of the Call Report.

Make plans to join us Nov. 28 at the TBA Barrett Training Center in Nashville.

Click to Register

Leadership Luncheons Continue in East Tennessee

Last week, the TBA Young Bankers Division held four of the seven scheduled Leadership Luncheons. Attendees heard from Young Bankers' leadership about serving as your own advocate for professional development and the value that engaging with TBA can help bankers bring back to the bank. TBA’s Stacey Langford provided an overview of the role TBA serves for Tennessee banks and an update on the 2018 election cycle. Each luncheon features a different guest speaker specific to that region, and bankers were joined by Senator John Stevens, Senator Lee Harris, Matt Wiltshire of the Nashville/Davidson County Mayor’s Office, and Representative Ron Travis in Jackson, Memphis, Nashville and Chattanooga, respectively.

This week luncheons will be held Wednesday through Friday in Cookeville, Kingsport, and Knoxville. Register here or email Stacey Langford.

TBA On the Road

  • The Government Relations Committee meets in Nashville and via webcast.
  • The TBA board of directors holds its quarterly meeting in Nashville.
  • Young Bankers' Leadership Luncheons are held in East Tennessee.

See where TBA goes while "on the road" by following @TNBankers.