Pub. 11 2016-2017 Issue 3

www.nebankers.org 4 Extraordinary Service for Extraordinary Members. 18 25 SEPTEMBER/OCTOBER 2016 EDITORIAL: The Nebraska Banker seeks to reflect news and information relevant to Nebraska and other news and information of direct interest to members of the Nebraska Bankers Association. Statement of fact and opinion are made on the responsibility of the authors alone and do not represent the opinion or endorsement of the Nebraska Bankers Association. Articles may be reproduced with written permission only. ADVERTISEMENTS: The publication of advertisements does not necessarily represent endorsement of those products or services by the Nebraska Bankers Association. The editor reserves the right to refuse any advertisement. SUBSCRIPTION: Subscription to themagazine, which began bi-monthly publication inMay 2006, is included in membership fees to the Nebraska Bankers Association. 8 7 President’s Message – It’s Half Time! NBA Develops Game Plan for the Future To help better prepare for and navigate ongoing industry and membership changes, the NBA Board recently approved a strategic planning process with Hinsdale, Ill.-based Financial Shares Corp. By Richard J. Baier, President & CEO, Nebraska Bankers Association 8 Washington Update – Dodd-Frank’s Price Tag Find out why the President’s Council of Economic Advisers is dead wrong about the effects of the Dodd-Frank Act on community banks. By Rob Nichols, President & CEO, American Bankers Association 10 NBA Education Calendar 11 Assess Your Examination Process—Tell Us the Good, Bad & Ugly! Learn how the Regulatory Feedback Initiative provides actionable feedback to banking industry regulators. By Scott Polakoff & Stephen Brown, FinPro Inc. 12 Counselor’s Corner – CECL: Accounting for the Future by Preparing Today Although implementation of CECL is years away, your management and board need to take appropriate steps now for the sea change that’s to come in your bank’s method of establishing reserves, accounting, and exam requirements. By Jeff Makovicka, Kutak Rock LLP 16 Coach’s Corner – Creating a Vision: When Performance Meets Potential Understanding how to enhance the effectiveness of human behavior within the work environment and then creating a culture to support growth is what great succession planning should be. By Virginia Collins, Ph.D., Managing Principal, SilverStone Group 18 Bert Ely’s Farm Credit Watch – Iowa Congressional Candidates Speak Out About the FCS Thanks to the issues raised at the House and Senate Ag Committee hearings examining the Farm Credit System, congressional candidates suggest reform of the FCS is needed as Congress begins work on the next Farm Bill. By Bert Ely, Alexandria, Va. 22 Tech Talk – Happy Birthday, Cybersecurity Assessment! Are you mindful of the “seasoned” aspects of your Information Security Program? Here are a few questions to assess your bank’s ongoing preparedness. By Alyssa Pugh, Security+, CoNetrix 25 Collateral Unaffected by the Nebraska Trust Deeds Act Discover how Nebraska courts have limited the application of the Nebraska Trust Deeds Act in three recent decisions, resulting in an increased benefit to creditors. By Gregory S. Frayser, Cline Williams Wright Johnson & Oldfather LLP 28 A CRA Option for Your Bank Learn how CRA Targeted Mortgage-Backed Securities may be used as an alternative to direct loans to low- and moderate-income borrowers. By Christopher R. Morgan, The Capital Markets Group