Fee Income Shrivels in Pandemic's Wake

Excellent article and pretty much summarizes all we have been discussing the last few months.  Hopefully our fee income recovers!!

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David Lester
Cashier & Security Officer
City State Bank
Norwalk IA
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Original Message:
Sent: 09-02-2020 07:30
From: Barb Rehm
Subject: Fee Income Shrivels in Pandemic's Wake

if your fee income is way off, you're not alone. S&P Global's Market Intelligence reports that fee income as a percentage of the industry's operating revenue plunged 49% in the second quarter. Overdraft fees fell the most, but maintenance and ATM fees also took a dive. You can read more about this trend and where it's headed in our new weekly post compliments of S&P Global Market Intelligence and no login required.

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Barb Rehm
Senior Managing Director
Promontory Interfinancial Network, LLC
Arlington VA
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