The CorePoint

With the FDIC call report data in for the 4th quarter of 2023, we can now see that the median bank CD portfolio yield for the quarter was 3.69%, up from 3.25% in the previous quarter. The average CD yield in the U.S. for the quarter was 4.39% when you add up all the CD interest paid and annualize it compared to the average volume of CDs during the quarter. This is up from 4.09% in the previous quarter. This means that the banks paying higher rates had a significantly greater share of the volume. Bankers might want to checkout our article on The Value of Volume https://lnkd.in/gZpKAcau To explore the Pressure Gauge use this link https://lnkd.in/eHWXGKZ.

This assessment of the future of bank deposits was written in 2022. I am very curious what industry professionals like Agusta Patton, Pete Gilchrist, Glenn Grossman, Sean Payant, Scott Earwood, Achim Griesel, Sam Kilmer, Rutger van Faassen, Tom Hershberger, Kyle Hershberger, Jeff Marsico, Preston Afrank, Karen Gilhooly, Marisa Reynolds, Ron Shevlin, Tony Baumgardt, Gerard Colaluca, Matt Self, Steve Wofford, and Dave McNab CPA, CA think of how well the content of this post has matched reality to date and what they think the future will look like. #communitybanking, #deposits #design #strategicgrowth

With the dramatic increases in bank interest expense in recent quarters, you might be curious about how the industry's quarterly costs compare to the last time Fed Funds were at a comparable rate. With Effective Fed Funds at 5.33% today compared to the third quarter of 2007 at 5.26%, what do you think were the differences between 3Q2023 and 3Q2007 in specific account types were? Here's what the data tells us: From the UPBRs for the One Quarter Annualized for quarter 3... Transaction Accounts - 2007 @ 1.41% vs 2023 @ .96%. Other Savings Accounts - 2007 @ 2.50% vs 2023 @ 1.33% Time Deposits - 2007 @ 4.84% vs 2023 @ 3.20% Total Interest Bearing Deposits - 2007 @ 3.80% vs 2023 @ 1.98% Here is a link to the two UBPR reports. Take a look for yourself. https://lnkd.in/gEnqPfQf The precedent seems to indicate that we still have some major adjustments ahead of us. What do you think? #bankingindustry #interestrates #costs #profitability #strategy

Yesterday, Cornerstone Advisors recognized The CorePoint in their 2023 Gonzobanker Awards for bringing "the deposit and funding risk conversation to the forefront." Deposits are on the mind of every executive this year, and the company needed me to focus on its growth. In February, I began working with Matthew Doffing to handle our PR, marketing, webinars, and partnerships. Thanks to our work together, we've been featured numerous times in The Financial Brand, BankBeat, and CUInsights. Matt has invested in the company's strategic future, too, by connecting me with new partners and institutions who may not have engaged us otherwise. The CorePoint has gotten much more out of the relationship than just PR and marketing.? We're honored to be selected and look forward to helping many more institutions?in the year ahead!?

Honored to be recognized by Gonzobanker for our efforts in professionalizing retail deposits. A big thank you to the entire Cornerstone Advisors team for your contributions to our industry. #Gonzobanker #CornerstoneAdvisors #RetailDeposits #Professionalism