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Art Stauffer
Chief Executive Officer
First Texoma National Bank
Durant, OK
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Original Message:
Sent: 01-09-2023 13:29
From: Rob Blackwell
Subject: Tuesday Topic: Credit Quality a Major Concern for 2023?
As recession fears mount, many community bankers are becoming increasingly concerned about loan losses. In a new survey by the Risk Management Association, 84% of small lenders said credit quality is a top challenge for 2023. Small businesses are particularly vulnerable to a potential slowdown, as they often have less savings to weather a recession. The office market could also face heightened pressures as expiring leases and the shift to remote work could squeeze landlords in the coming year.
With institutions across the country focused on mitigating risks while guiding customers through these difficult times, three community bank leaders-including Peer Intelligence participant @Mark Duffy of Washington-based Mountain Pacific Bank- proffered their advice for lending during a recession.
Do you have any advice to add? How worried are you about credit quality in the coming year?
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Rob Blackwell
Chief Content Officer and Head of External Affairs
IntraFi
Arlington, VA
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