Skip to content
  • There are no suggestions because the search field is empty.

Tuesday Topic: What Replaces PPP Revenue?

Tuesday Topic: What Replaces PPP Revenue?
Jul 15, 2025 4:18:18 PM

Morning Barb,
We're striving to reduce funding costs commensurate with the drop in earning asset yields.  Through Q3 last year we were down 37 bips to 3.59 but inching back and now within 3 bips of NIM 2018 and 2019; about 3.90ish.   
Incentive comp modified for commercial lender's and remunerates the same for low cost core deposit growth as they can earn for loan growth.   May incentive core deposit portfolio growth even more.  

We're far more intentional and measuring the PPP borrowers that didn't have all their operating accounts with us and meeting via Zoom if not face to face.  Also opening a branch in a contiguous market across the Bay in downtown St. Petersburg.  Pinellas has long held more deposits with fewer banks.   

We have not lent longer to gin up portfolio loan yield and do not expect to.   Not much meat on bone to refi wholesale funding.   No silver bullets in Tampa and wouldn't trust them if there were.  

We like slow and steady progress!


John M. Barrett
President & Chief Executive Officer
jbarrett@firstcitrus.com
T: 813.926.1314
10824 North Dale Mabry Hwy.
Tampa, Florida 33618
American Banker 2020 Top 100 Community Bank
Greater Tampa Chamber 2019 Small Business of the Year Winner
CONFIDENTIALITY NOTICE:  This e-mail, intended only for the addressee(s), is confidential and may contain certain personal information.  Any dissemination or use of this e-mail by anyone other than an intended recipient is strictly prohibited.  If you are not a named recipient, you are prohibited from any further viewing of the e-mail or any attachments or from making any use of the e-mail or attachments.  If you believe you have received this e-mail in error, please notify the sender immediately and permanently delete the e-mail, any attachments, and all copies thereof from any drives or storage media and destroy any printouts of the e-mail or attachments.


-------------------------------------------
Original Message:
Sent: 3/22/2021 5:10:00 PM
From: Barb Rehm
Subject: Tuesday Topic: What Replaces PPP Revenue?

As the Paycheck Protection Program tapers off, bankers are being asked what's next? Where will revenue growth come from? How is your bank preparing? Share your thoughts, please.

 



------------------------------
Barb Rehm
Senior Managing Director
IntraFi Network
Arlington VA
------------------------------
0 Comments
Join the Conversation! 🗣️✨
Be part of our community—sign up now to share your thoughts, connect with others, and stay in the loop!