Rob, the webinar you and Neil presented last week was extremely informative and very helpful for bankers in need of some new deposit strategies. I highly recommend the podcast version as an easy way to stay informed while on the go. A big thank you to both of you for the quality of content on Peer Intelligence. These are challenging times from a funding and liquidity standpoint and they're only going to get worse.
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John Tyson
CFO;Chief Financial Officer
Altamaha Bank & Trust Company
Vidalia, GA
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Original Message:
Sent: 03-01-2023 16:41
From: Rob Blackwell
Subject: Funding Crunch Intensifies; Auto Delinquencies Spike
Deposits fell $166.4B in the fourth quarter and continue to run off at a rapid pace, forcing many banks to issue expensive CDs and rely increasingly on wholesale funding markets, writes S&P Global Market Intelligence. Even if interest rates stop rising, which seems unlikely given inflation, analysts are lowering their expectations for net interest income due to higher expected funding costs. Replay last week's webinar for Neil Stanley's advice on deposit strategy and customer retention in today's rate environment.
Another S&P article discussed auto-loan delinquencies, which in the fourth quarter of 2022 surpassed pre-pandemic levels. According to S&P data, one-third of bankers think the credit quality of personal auto loans will decline over the next 12 months.
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Rob Blackwell
Chief Content Officer and Head of External Affairs
IntraFi
Arlington, VA
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