Net Operating Analysis Critical To Success, Consultant Tells Community Bankers Customer Retention, Profitability can Counter Nonbanking Competition -- John Floyd
The proliferation of nonbank "banks" and the long downturn in lending activity are reinforcing the importance of timely net operating analysis by community bankers, says a 33-year veteran of financial consulting.John M. Floyd, CEO and Founder of John M. Floyd & Associates, Inc. (JMFA) of Baytown, TX, near Houston, addressed 175 attendees at the 25th National Conference for Community Bankers. The NCCB ended its four-day event at the JW Marriott Desert Ridge Resort in Scottsdale, AZ, on Wednesday.
The American Bankers Association's invited Floyd as an expert on profitability."Between 1980 and 2004, U.S. banks' share of financial service business shrunk from 58% to 18%," Floyd emphasized. "Nonbank institutions now enjoy 82% of this business. If community banks are going to survive and thrive, it is imperative that their management's constantly focus on return on assets and earnings?on operating costs as a percent of operating assets. "You must know the salary and benefits per million dollars worth of operating assets and how you stack up in every category against S&Ls and credit unions," he said as he walked the audience through a series of tables and comparison charts.
He focused on income with credit risk and income with duration risk."Increasing non-interest income (NII) is the most direct and quickest route to improving profitability," Floyd stated. "Faster than sales and service improvements, expense reduction and even account acquisition. And value-added services, like a well managed overdraft program, will help retain customers as well as attract new ones."JMFA, founded in 1973, is a leading provider of NII or fee income products to financial institutions. The company has installed profit improvement programs in more than 2,000 banks, thrifts and credit unions, adding billions in increased pre-tax earnings for its clients in 49 states and Central America. The firm, which has teamed with financial organizations in about 25 states, has successfully implemented variations of its JMFA OVERDRAFT PRIVILEGESM program in more than 900 institutions.
(www.OverdraftPrivilege.com)"About 2,500 of the 18,000-plus financial institutions in this country now have defined and communicated overdraft or ?courtesy pay' programs," he said. "And in our vast experience, a financial institution can increase its income from nonsufficient funds (NSF) items by 50% to 300%. Our clients have an average 119% improvement in the first six months."He urged the bankers to look carefully at improving operating income and competitive advantage; preventing profit leaks and increasing cross-sell income, market share and retail contribution, as well as enhancing merger and acquisition success. He recommended ? as needed -- operational, financial and delivery systems re-engineering; training, incentive and earnings enhancement programs, and product, service, pricing and technology improvements.???Customer Satisfaction = Customer Retention Floyd posed two crucial questions: "Are your customers satisfied? What have you done to change the way you grow and retain customers?" He estimated the median annual customer attrition rate at 14%, "and it ranges from 12% to 30%."If you are going to grow assets and retain customers simultaneously, you are going to have to offer new products and services, redirect fees that are now going elsewhere and attract new customers," Floyd said."The community bank philosophy of focusing on the customer's well being need not be discarded. Regulatory-compliant and consumer-friendly products and services like overdraft privilege are a win-win-win for the consumer, the merchant and the community banker." He listed the benefits as:?
Builds customer loyalty;?
Maintains a competitive bank posture;?
Redirects fee income now going to check cashers payday lenders and credit card firms; ?
Increases fee income without raising accountholder fees, and?
Start-up costs are low.The primary users of overdraft services are middle-income, employed consumers with $50,000 or more in annual household income who have lived at their current address 4? years, Floyd noted.
"They have an average four years in their present job and 32% own their homes, and our studies show that they not only welcome but are demanding such discreet, value-added programs."JMFA Overdraft Privilegesm is a service mark of John M. Floyd & Associates, Inc. For More Information Or Interviews:Steve Swanston, EVP-Sales, John M. Floyd & Associates, Baytown, TX, 800-809-2307; www.OverdraftPrivilege.com; e-mail protected from spam botsPreston F. Kirk, APR, Kirk Public Relations, Austin TX, 830-693-4447; e-mail protected from spam bots.
Banking on the Future of Technology ... New Era Capital Corp Poised To Broaden E-Business Portfolio
New York, NY (ContentDesk) November 16, 2005 -- New Era Capital Corp, a New York City based financial services firm catering to mid-market investors and business owners is poised to expand its e-business portfolio over the next 12 months through acquiring or developing new e-ventures, principally; MyBzCenter.com? -- an interactive small business solutions portal. It recently launched a corporate domain at www.New-Cap.US. Already, New Era Capital Corp has successfully launched and currently operates www.MyCompletefinance.com? -- the first fully integrated and interactive financial portal specifically targeted to mid market investors and business owners. The continued success of this portal is one of the motivating factors for the aggressive foray into the e-business arena by New Era Capital. The rapid growth in bandwidth coupled with the steady rise in the usage of broadband...
Banking on the Future of Technology ... New Era Capital Corp Poised To Broaden E-Business Portfolio
Financial planning > Banking on the Future of Technology ... New Era Capital Corp Poised To Broaden E-Business Portfolio
Shopping Addiction leads to a Financial Whirlpool.
Shopping is something most people love. But often the thrill, excitement, and absorption becomes such that an ordinary hobby or time filler becomes an addiction. A shopping addiction like drugs, alcohol, or gambling is a blinding thirst where the shopper is unable to see essential from non essential and over spend. They shop until they drop and run into debt spending on their credit cards up to and over its limit.
Shopping for many is escapism from the realities of life and its accompanying problems.
It is but a temporary reprieve from depression, anxiety, or loneliness. What a shopper never understands is it is a false world which will not grant happiness or love, or self esteem. After the shopping binge the person will experience remorse. The unhappiness will intensify due to unmanageable financial disaster and debt. This will be further compounded by the displeasure earned from family members or financial consultants.
Believe me over 80% of the purchases...
Shopping Addiction leads to a Financial Whirlpool.
Financial planning > Shopping Addiction leads to a Financial Whirlpool.
The 5 Costliest Things You Must Know To Avoid Losing Money In a Down Market
(ContentDesk) February 16, 2006 -- Most people assume theres nothing they can do about a flat or falling market.
They think theres no choice but to ride out the poor performance of their mutual funds until the market improves.
In fact, there are at least five things you must know to avoid losing money, even in a down market, according to one of the most sought-after proactive money managers in the Northwest.
Daniel Wiggins, Chief Investment Officer of Talisker Investment Group, delivers important, timely information about how to make informed decisions to avoid losing money in down markets in mutual fund investments by sharing the following:????Why 90% of all mutual funds fail to beat the S&P 500????Why traditional buy-and-hold asset allocation models in managed mutual funds may not be in your best long-term interest????Why most financial planners advise you on when to get in, but fail to map out an exit strategy on when to leave a mutual fund????Why the...
Financial planning > The 5 Costliest Things You Must Know To Avoid Losing Money In a Down Market
Home Mortgage Rates
Mortgage has become one of the most important elements in modern day living and a key concept that might help one out ion fetching the intended amount of money one needs to fulfill his or her dream. Most of the times people look forward to mortgages for securing a home or some other real estates. Therefore, it is an important aspect of modern life to get the bets out of the internet to view the best rates on mortgages only on the net. Mortgage for the purpose of building, buying or making a home is the most common phenomena. Home, as we all know, is one of the most important aspects of life, of establishing the self as one of the rightful citizens.
Making a home is something that is greater than touching the sky, a feeling that cannot be explained, that cannot be explicated. Keeping this in mind, most of the financial companies and banks provide lucrative and low rate mortgage loans for the special purpose of building a home.
Most of the companies and banks provide...
Financial planning > Home Mortgage Rates
Warning...Local San Ramon, California Mortgage Brokers Finally Reveal the Insider Secrets Other Mortgage Brokers Don't Want Consumers to Know About Obtaining a Mortgage
(ContentDesk) July 21, 2006 -- Local San Ramon Mortgage Lenders Ed Jeffry & Luke Currier reveal the shocking truth at a new website that is full of free reports and free mortgage calculators. "The only way for consumers to make an educated decision is to have all of the facts. Let's face it most consumers are simply uneducated when it comes to obtaining the best mortgage product to fit their financial needs and goals," says Ed Jeffry, a mortgage originator based in San Ramon, California. Luke Currier agrees and adds, "For most consumers a mortgage is the single largest financial transaction they will make during their lifetime.
In fact, most mortgage payments account for approximately 32% of consumer's monthly income."Ed Jeffry & Luke Currier have put together a new website to finally allow consumers the ability to obtain all of the information they need to make an informed decision.Here is a listing of some of the insider tips available at
Warning...Local San Ramon, California Mortgage Brokers Finally Reveal the Insider Secrets Other Mortgage Brokers Don't Want Consumers to Know About Obtaining a Mortgage
Financial planning > Warning...Local San Ramon, California Mortgage Brokers Finally Reveal the Insider Secrets Other Mortgage Brokers Don't Want Consumers to Know About Obtaining a Mortgage
Troux Announces Metis 3.6 Enterprise Architecture Suite
AUSTIN, Texas
February 17, 2005 Troux" Technologies, the leader in IT Governance software and solutions, today announced important enhancements to its Metis? Enterprise visual modeling toolset Version 3.6 which begins shipping on March 15th.
Metis 3.6 will enable enterprise architects, business analysts, IT planners and other decision-makers in Global 2000 companies and government agencies to easily create Enterprise Architecture models that support Business Process Management, Capital Asset Planning and the UML 2.0 standard for object-oriented modeling. Metis 3.6 marks a major milestone in our visual modeling software, which we are now in the process of integrating with the Troux IT Governance System to create the industrys most advanced Enterprise Architecture management solutions for IT governance and business process analysis, said Hank Weghorst, CEO of Troux Technologies.
Enterprise Architecture models built using Metis 3.6 will give executives, planners,...
Financial planning > Troux Announces Metis 3.6 Enterprise Architecture Suite
Fastfit 30 Minute Fitness For Men Raises Money for the Heart & Stroke Foundation of Canada
(ContentDesk) July 27, 2006 -- Fastfit 30 Minute Fitness For Men recognizes the important work of the Health & Stroke Foundation in Canada. In conjunction with our ongoing commitment to increasing men's awareness of health issues, our company supported the local clubs with a variety of events. The company assisted with an independent fundraising event at the Hamilton club. This fundraiser solicited money from members and non members through fitness competitions and a BBQ lunch. The Newmarket club,...
Financial planning Fastfit 30 Minute Fitness For Men Raises Money for the Heart & Stroke Foundation of Canada fitness
Financial planning > Fastfit 30 Minute Fitness For Men Raises Money for the Heart & Stroke Foundation of Canada
Invirion, Inc. Forms Strategic Partnership with Worldwide AIDS Coalition (WWAC) In Fight Against HIV/AIDS in Africa
The Worldwide AIDS Coalition (www.fightaidsnow.org) announced a strategic partnership with Invirion Inc. to assure availability of high performance, low cost diagnostics to monitor the treatment of people living with HIV/AIDS in Africa and the Caribbean.Co-founder and Executive Director for the WWAC, Dennis M Israelski, M.D. mentions, "We are extremely pleased that a company like Invirion, shares our passion for ending the...
Financial planning plasma tv Invirion, Inc. Forms Strategic Partnership with Worldwide AIDS Coalition (WWAC) In Fight Against HIV/AIDS in Africa Net Operating Analysis Critical To Success, Consultant Tells Community Bankers Customer Retention, Profitability can Counter Nonbanking Competition -- John Floyd
Financial planning > Invirion, Inc. Forms Strategic Partnership with Worldwide AIDS Coalition (WWAC) In Fight Against HIV/AIDS in Africa
Two Houston Companies Discover Rare Chinese Typing Frog
In yet another leap forward in compact usability, FrogPad Inc. and OHAI Technologies Corporation, both Houston-based companies, today unveil their strategic partnership to impact the extremely compelling Asian computing market. OHAITECH and FrogPad combine their leading-edge technologies to create BossFrog? (K??, "ShOu Zhng W"), the first-to-market, easily learned, fun to use, one-handed Chinese rapid input system. This unique total solution combines:????FrogPad? - FrogPad's ultra-compact...
keyboard Financial planning Two Houston Companies Discover Rare Chinese Typing Frog
Financial planning > Two Houston Companies Discover Rare Chinese Typing Frog
Spring Cleaning Tip: Extra Household Items May Be Worth More Than Atlanta Residents Think
(ContentDesk) June 3, 2005 -- Unused items stashed away in the closets and drawers of Atlanta residents are likely to be worth considerably more than most owners estimate. Extra household goods such as sporting goods, unused computers and personal electronics can be sold for hundreds of dollars online, including eBay, The World's Online Marketplace?. Making this process even easier is Kriss Johnson, a Snellville based eBay Trading Assistant, who can manage the process of selling on eBay for local...
Financial planning televisions Net Operating Analysis Critical To Success, Consultant Tells Community Bankers Customer Retention, Profitability can Counter Nonbanking Competition -- John Floyd Spring Cleaning Tip: Extra Household Items May Be Worth More Than Atlanta Residents Think
Financial planning > Spring Cleaning Tip: Extra Household Items May Be Worth More Than Atlanta Residents Think
Cloudyreason Inc. Designs New Flip Flop Socks? for Devoted Flip Flop Wearers
Michele Baer of Cloudyreason, Inc. has launched a design for what looks to become the newest buzz around college campuses and around the world: Flip Flop Socks.Cold weather crowds want to be in fashion but have typically found the winter season a challenge when trying to make bulky socks fit their shoes while attempting to keep feet warm at the same time. Cloudyreason's new design eliminates that problem by providing a sock that incorporates a fitted big toe and a normal type sock enclosing the...
Financial planning socks Cloudyreason Inc. Designs New Flip Flop Socks? for Devoted Flip Flop Wearers Net Operating Analysis Critical To Success, Consultant Tells Community Bankers Customer Retention, Profitability can Counter Nonbanking Competition -- John Floyd
Financial planning > Cloudyreason Inc. Designs New Flip Flop Socks? for Devoted Flip Flop Wearers
Financial planning
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